Professional Documents
Culture Documents
CURRENT ASSETS
Stores and spares 53980 52877 64996 107199
Stock in trade 1632308 1972953 2195407 2277175
Trade debts 33407 64881 84697 116847
Loans and advances 50074 62781 64589 81039
Trade deposits and payments 44518 62592 76420 84348
Accrued interest 21625 66624 189829 109851
Refund Due from government 79918 56107 39430 14898
Onther receivables 49416 378071
Investments 196045 99100 98227
Cash Bank Balance 3054057 3984299 4666470 4252745
Texation Payments less provision
Total Current Asset 4969887 6519159 7530354 7520400
INCOME STATEMENT
Net Sales 8866959 9416881 10088247 10610882
Cost of goods sold 5,361,319 5,570,505 6,221,581 6,658,753
Gross profit 3,505,640 3,846,376 3,866,666 3,952,129
2500000 2500000
1706718 1706718
6648173 6397381
8354891 8104099
20802 58894
312270 320435
333072 379329
1867275 2524426
70387
1937662 2524426
10625625 11007854
2415255 2600814
61666 61299
6788 7027
171855 168687
116084 129239
3494054 4061840
1016968 996915
119242 91315
93377 87754
80596 21503
15468 15436
153864 129156
155511 644889
2724897 1739236
252744
7970061 8170027
10625625 11007854
2008 2009
13403224 14719132
9,547,619 11,173,470
3,855,605 3,545,662
1,328,925 1,673,809
520,216 589,714
208355 138585
1279790 436615
3077899 1580169
76859 14348
3001040 1565821
1045853 632791
1955187 933030
Cost of goods sold
Raw and packing materials consumed 3556271 3798525 4057514
Manufacturing charges to third party 133720 137001 78554
Stores and spares consumed 20767 17583 24154
Salaries, wages, benefits and staff welfare – note 20.1 628574 566874 775250
Fuel and Power 115648 122606 152482
Rent, rates and taxes 5518 5467 9288
Royalty and technical fee 9776 9282 126822
Lease rentals 473 120
Insurance 22890 27860 42252
Repairs and maintenance 72675 73526 93011
Training expenses 2210 2196 1237
Travelling and entertainment 6547 10547 12753
Vehicle running 5048 6022 6563
Depreciation / Amortisation 89529 89922 90946
Impairment loss 1311 30211 40392
Provision for slow moving and obsolete stock written back 12960 10667 21648
Provision for slow moving and obsolete stores 223 151
Canteen expenses 29659 36409 45134
Laboratory expenses 8897 15295 15658
Communication and stationery 8396 8463 8493
Security expenses 2651 2372 2389
Other expenses 10450 14320 15507
4718050 4963711 5620198
Opening stock of work-in-process 228550 221860 212401
Closing stock of work-in-process 221860 212401 188,306
Cost of goods manufactured 4724740 4973170 5644293
Opening stock of finished goods 703842 762045 878741
Purchase of finished goods 787534 791746 1026701
Provision for slow moving and obsolete stock-finish goods
6216116 6526961 7549735
1,107 13,417
104,719 11,600
15,775 10,796
8,562 9,448
12,711 9,370
7,532 7,944
15,171 2,581
7,682 1,013
1,824 1,060
17,780 18,521
1,328,925 1,673,809
Administrative Expenses
Salaries, wages, benefits and staff welfare 179,340 182,632 234,993
Travelling and entertainment 10,493 11,491 12,820
Vehicle running 5,419 7,483 8,180
Depreciation / Amortisation 48,399 44,732 42,976
Canteen expenses 11,031 4,537 3,620
Rent, rates and taxes 2,834 2,333 18,509
Lease rentals 1,489 1,134
Training expenses 1,518 4,482 11,850
Publication and subscriptions 2,743 4,106 2,296
Insurance 2,703 3,814 3,586
Repairs and maintenance 16,931 20,985 20,285
Stationery 6,770 7,976 8,606
Legal and professional charges 17,467 16,290 16,793
Auditors’ remuneration 9,531 7,705 8,086
Donations 6,863 15,972 14,581
Postage, telex and telephone 14,392 17,993 18,531
Security expenses 3,600 3,510 3,740
Other expenses net of recovery from a related party of 9,937 5,112 7,429
351,460 362,287 436,881
264,758 239,959 301,647
7,195 61,488 68,145
9,871 33,787 33,567
47,563 14,568 28,529
2,918 18,980 14,264
6,500 4,406 28,181