Samba Foods Limtted Financial Statements For the year ended 31 December 2018 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 Notes 2018 2017 GHe Gue income ‘ 342,020 444,044 Direct Expenses 5 (239,804) (323,652) Gross Profit/(Loss) 102.216 (120,392) Other Incom 8 - 88,990 Administrative Expenses ‘ (265,531) (300,638) Depreciation and Amortization 10 (a7) (158,947) Finance Charges 7 (572) (3.562) Net Profit/(Loss) Before Taxation (335,304) (253,765) Tax Expense ne (12.337) 1,466 Net Profit/(Loss) After Taxation (347,641) (252,299)Samba Foods Limited Financial Statements For the year ended 31 December 2018 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 ASSETS Notes 2018 2017 Non-Current Assets GHe GHe Plant, Properties & Equipment 10 3.621.845 3.476.448 Intangible Asse} ° 46.745 70.18 EES ia 90 2 2 era. sas csse Current Assets Inventories 12 349,489 285,344 Loans and Receivables 13 51813 355,536 Taxation n 27.395 27,395 Cash & Bank 4 17.77 21.678 445,874 889,953 | Total Assets 4.114.464 EQUITY AND LIABILITIES Equity Stated Capital 15 2,750,498 2,750,498 income Surplus (2,143,628) (1,795,987) Revaluation Surplus 2.222.559 3,177,070 Current Liabities Accounts Payable 6 3.760 Other Payable: 7 213,408 830727168 Non-Current Liabilities Deferred Tax Ligbi W 702,865 690,528 Term Loan 18 151,753 181,753 Total Equity and Liabilities 4,236,519 tors approved these financial statementson 2 March, 20/9 aoe Abiof Wa ee TREE moe ‘The accompanying hotes on pages 13 to 33 from part of these financial statements and should be read in conjunction therewith.Samba Foods Limtted Financial Statements For the year ended 31 December 2018 ‘STATEMENT OF Operating acti Loss from oper ‘Adjustments fo Decrease / (In CASH FLOWS AS AT 31 DECEMBER 2018 Notes fies tions reose) in Inventories Depreciation oe ‘Amortization Decrease / (in (Decrease) / in Deferred Tax ease) in receivables rease in payables Net cash generated from operating activities Taxation Tax Paid Cash flow included in investing activities: Purchase of PPI Intangible Asse! Net cash from investing activities ‘Cash flows from financing activities Increase in Stat 1d Capital Medium Term Loans Shareholders Aé vance Net cash used in financing activities Net increase/ ( Cash and cast jecrease) in cash and cash equivalents equivalents at beginning of year Cash and cash equivalents at end of year 2018 Ghe (335,304) 171.417 (64,145) 303,723 24715 290,407 (293,441) (293,441 (4.501) 21,678 7477 2017 Ghe (252,299) 158,948 (187,221) (223,134) 109,793 (1,466) (395,379) (40,000) (40,000) (435,379) 457,057 21,678or oomie «= easeecz~*C«COSL'L)=«C«BW'OSZ £t0z s9quie20q L¢ papua 1994 (66z'zs7) : (eecese) poued ey 40} (ss01)/1yo1d . . - . JoydOD payo}s pasoa:suy 69e'6zy'e ess'tzz't (ee9'evs't) Bev'ose't ABBA BY} jo BulUUIB9q yy jv [bev ezez OSS CUT T “Weveviz) Bev 0ST 810z sequie2aq L¢ Papua 109, iCal be ee poued ayy 40} (s807)/1YOd : : : jpydos pejojs pasoa:.u) ouozet'e ess'tezt (cg6's6c't) __sey'ose'z sped ay) jo Guluuibeq aul I BIOL sajeing saiding Tudo uoyonjonay ewio2u pais 8102 ¥3aW3930 TE LV SV ALINIDA NI SIONVHD 40 LNIWaLVIs 8102 1991900G TE Papua 1K 24) 40.1 suowopis prourusy pon spo0-t 0a