ENTERPRISE GROUP GHANA LTD

STATEMENT OF COMPREHENSIVE INCOME

(All amounts are in thousands of ghana cedis)

INCOME STATEMENT FOR THE YEAR ENDED 2018/2019

NOTES 2019 % 2018 %

(GHC) (GHC)
Investment income 44574 100% 35591 100%
Investment expence
Net investment income N1 44574 100% 35591 100%

Add other income 4233 9% 2144 6%

Gain on disposal of 30% share in EPL 28389 80%
Net income N2 48807 109% 66124 186%

Finance cost -3191 -7%

Operation expenses -16957 -38% -16997 -48%
Net expenss N3 -20148 -45% -16997 -48%

Profit before levies and income tax N4 28659 64% 49127 138%
Income tax credit/(expense) 76 0% -6475 -18%
Total comprehensive income for the year N5 28735 64% 42652 120%
GRAPH FOR VERTICAL INCOME
STATMENT FOR 2019/2018

2%
N2 25% N1 23%

2%

9% N5 15%

N3 10% N4 15%

0%
ENTERPRISE GROUP GHANA LTD

STATEMENT OF FINANCIAL POSITION

(All amounts are in thousands of ghana cedis)

FINAMCIAL POSITION FOR THE YEAR ENDED 2018/2019

NOTES 2019 % 2018

ASSETS (GHC) (GHC)
Deferred tax assets 733 100% 578
Investment and subsidiaries 164400 22428% 164400
Property and equipment 19609 2675% 6130
Investment securities 2676 365% 137891
Loans and receivables 2410 329%
Prepayments 455 62% 351
Due from related parties 116694 15920% 93095
Cash and bank balance 163204 22265% 36453
TOTAL ASSETS N1 470181 64145% 438898

EQUITY AND LIABILITY

Capital and Reserves
Stated capital 258886 35319% 258886
Retainedearnings 166207 22675% 145159
Share option reserve 142
TOTAL EQUITY N2 425093 57994% 404187

LIABILITY
Lease liability 14135 1928%
Trade and other payables 6274 856% 5614
Due to related parties 21933 2992% 21933
Current tax liabilities 2740 374% 7164
TOTAL LIABILITIES N3 45088 6151% 34711

TOTAL EQUITY AND LIABILITY N4 470181 64145% 438898

 GRAPH FOR VERTICAL FIMANCIAL
POSITION FOR 2019/2018

%
9 7% 7 0%
8 5%
10 20% 6 0%
100%
28443% 5 0%
14 11%
1061% 4 1%
23857% 3 7%
2 0%

61%
15 7%
16106%
6307%
26 20%
75934% 17 18%

20 1% 21 0% 22 1% 23 0% 24 2%

44790%
25114%
25%
69929%

971%
3795%
1239%
6005%

75934%
AL

7 0%
6 0%
5 0%
4 1%
7%
2 0%
ENTERPRISE GROUP GHANA LTD

STATEMENT OF COMPREHENSIVE INCOME

(All amounts are in thousands of ghana cedis)

INCOME STATEMENT FOR THE YEAR ENDED 2018/2019

NOTES 2019 2018 % Change

(GHC) (GHC)
Investment income 44574 35591 -20%
Investment expence #DIV/0!
Net investment income N1 44574 35591 -20%
Add other income 4233 2144 -49%
Gain on disposal of 30% share in EPL 28389 #DIV/0!
Net income N2 48807 66124 35%
Finance cost -3191 -100%
Operation expenses -16957 -16997 0%
Net expenss N3 -20148 -16997 -16%
Profit before levies and income tax N4 28659 49127 71%
Income tax credit/(expense) 76 -6475 -8620%
Total comprehensive income for the year N5 28735 42652 48%
 GRAPH FOR HORIZONTAL INCOME STATMENT 2019/2018

4 19% 2 19%
5 2%

7 20%

13 12%

8 1% 10 8% 11 12%
9 7% 12 0%
ENTERPRISE GROUP GHANA LTD

STATEMENT OF FINANCIAL POSITION

(All amounts are in thousands of ghana cedis)

FINAMCIAL POSITION FOR THE YEAR ENDED 2018/2019

NOTES 2019 2018 % Change

ASSETS (GHC) (GHC)
Deferred tax assets 733 578 -21%
Investment and subsidiaries 164400 164400
Property and equipment 19609 6130 -69%
Investment securities 2676 137891 5053%
Loans and receivables 2410 -100%
Prepayments 455 351 -23%
Due from related parties 116694 93095 -20%
Cash and bank balance 163204 36453 -78%
TOTAL ASSETS N1 470181 438898 -7%

EQUITY AND LIABILITY

Capital and Reserves
Stated capital 258886 258886
Retainedearnings 166207 145159 -13%
Share option reserve 142 #DIV/0!
TOTAL EQUITY N2 425093 404187 -5%

LIABILITY
Lease liability 14135 -100%
Trade and other payables 6274 5614 -11%
Due to related parties 21933 21933
Current tax liabilities 2740 7164 161%
TOTAL LIABILITIES N3 45088 34711 -23%

TOTAL EQUITY AND LIABILITY N4 470181 438898 -7%

 GRAPHICAL HORIZONTAL FI-
NANCIAL POSITION 2019/2018

9 7% 7 0%
8 5%
10 20% 6 0%
5 0%
14 11%
4 1%
3 7%
2 0%

15 7%

26 20%
17 18%

20 1% 21 0% 22 1% 23 0% 24 2%
ENTERPRISE GROUP GHANA LTD

ANALYSIS RATIOS FOR THE YEAR ENDED 2019/2018

PROFITABILITY RATIO NOTES 2019 2018

Return on equity N1 7% 11%
Return on capital empleyed N2 6% 11%
Return on asset N3 6% 10%
Gross profit N4 64% 138%
net profit N5 59% 65%

SOLVENCY RATIO
Quick ratio N6 28663862% 39573805%
Current ratio N7 28737162% 39631605%
Dept and eauity ratio N8 11% 9%

EFFICIENCY RATIO
Asset turnover ratio N9 10% 15%
Working capital ratio N10 28737162% 39631605%