BALANCE SHEET

2019 2018 2017

CURRENT ASSETS
stores spare parts and loose to 225,053,856 248,995,725 137,202,627
stock in trade 2,331,035,674 2,488,103,617 1,434,987,235

trade debts 1,113,616,537 826,766,553 680,207,444

loans and advances 642,998,633 243,358,869 255,618,836

tarde deposits and pre paymen 127,397,447 121,568,461 29,094,144

tax refunds due from govt. 123,619,331 141,303,942 51,087,429
cash and bank balances 136,050,186 152,333,352 1,110,810,033
4,699,771,664 4,222,430,519 3,699,007,748
NON CURRENT ASSETS
property,plant and equipment 1,703,511,242 1,783,130,860 1,335,518,487
long term deposits 18,972,226 18,808,026 19,103,526
1,722,483,468 1,801,938,886 1,354,622,013
TOTAL ASSETS 6,422,255,132 6,024,369,405 5,053,629,761
NON CURRENT LIABILITIES
Long-term finances 290210289 266,247,972 244,264,194
Deferred taxation 155686670 120,275,504 78,184,467
Deferred liabilities 34675128 26,015,028 23,294,506
480572087 412,538,504 345,743,167
CURRENT LIABILITIES
Trade and other payables 522727339 408,793,508 474,704,584
Unclaimed dividends 15589883
Mark-up accrued on
borrowings 72150897 18,286,947 18,580,147
short term borrowings 1232283431 1,225,234,093 935,472,278
Current portion of long term
finances 83,342,994
1842751550 1,652,314,548 1,512,100,001
SHARE CAPITAL AND RESERVES
share capital 1443433640 1,312,212,400 1,312,212,400
Capital reserves 774507925 774,507,925 774,507,925
Equity portion of loan from
directors 26118927 50,081,244 72,065,021
Un-appropriated profit 1,226,215,,557 1,167,519,815 797,968,074

Surplus on revaluation of
property, plant and
equipment 628655446 655,194,969 239,033,171
4098931495 3,959,516,353 3,195,786,591
TOTAL EQUITY AND
LIABILITIES 6,422,255,132 6,024,369,405 5,053,629,761
 Vertical Analysis
2019 2018 2017

stores spare parts and loose tools 3.50% 4.13% 2.71%

stock in trade 36.30% 41.30% 28.40%

trade debts 17.34% 13.72% 13.46%

loans and advances 10.01% 4.04% 5.06%

tarde deposits and pre payments 1.98% 2.02% 0.58%

tax refunds due from govt. 1.92% 2.35% 1.01%
cash and bank balances 2.12% 2.53% 21.98%
73.18% 70.09% 73.20%
NON CURRENT ASSETS
property,plant and equipment 26.53% 29.60% 26.43%
long term deposits 0.30% 0.31% 0.38%
26.82% 29.91% 26.80%
TOTAL ASSETS 100.00% 100.00% 100.00%
NON CURRENT LIABILITIES
Long-term finances 4.52% 4.42% 4.83%
Deferred taxation 2.42% 2.00% 1.55%
Deferred liabilities 0.54% 0.43% 0.46%
7.48% 6.85% 6.84%
CURRENT LIABILITIES
Trade and other payables 8.14% 6.79% 9.39%
Unclaimed dividends 0.24%

Mark-up accrued on borrowings 1.12% 0.30% 0.37%

short term borrowings 19.19% 20.34% 18.51%

Current portion of long term finances 1.65%

28.69% 27.43% 29.92%
SHARE CAPITAL AND RESERVES
share capital 22.48% 21.78% 25.97%
Capital reserves 12.06% 12.86% 15.33%

Equity portion of loan from directors 0.41% 0.83% 1.43%

Un-appropriated profit 19.38% 15.79%

Surplus on revaluation of property, plant and equipment 9.79% 10.88% 4.73%

63.82% 65.72% 63.24%

TOTAL EQUITY AND LIABILITIES 100.00% 100.00% 100.00%