Statement of Profit or loss and Comprehensive Income

In thousands of XAF
Note 2018 2017

Revenue 9 266,274,621 244,151,411

Cost of sales 11(b) (152,354,445) (143,280,260)
Gross Profit 113,920,176 100,871,151

Marketing and distribution expenses 11(b) (43,489,890) (35,157,152)

Administrative expenses 11(b) (9,789,555) (10,015,626)
Results from operating activities 60,640,731 55,698,373

Finance income 1,716,889 6,239,371

Finance costs (2,606,774) (15,109,062)
Net finance cost 10 (889,885) (8,869,691)
Profit before income tax 11 59,750,846 46,828,682

Income tax expense 13(a) (16,742,820) (13,104,952)

Profit for the year 43,008,026 33,723,730

Other comprehensive income - -
Other comprehensive income for the year - -
Total comprehensive income for the year 43,008,026 33,723,730
Profit for the year is attributable to:
Owners of the company 43,008,026 33,723,730

Total comprehensive income for the year is attributable to:

Owners of the company 43,008,026 33,723,730
Earnings per share N N

54.26 42.55
Basic earnings per share 14 (a)
Diluted earnings per share 14 (b) 54.26 42.55

The accompanying notes to the financial statements and other National disclosures form an integral part of
these financial statements.

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Statement of Financial Position

In thousands of naira
Note 2018 2017
Assets
Property, plant and equipment 15 73,365,523 72,377,943
Long term receivables 17 2,237,105 1,921,232
Long Term Prepayments 18 3,997,477 234,170
Total non-current assets 79,600,105 74,533,345
Inventories 20 23,124,020 23,910,303
Right of return assets 21 351,995 -
Trade and other receivables 22 42,175,062 31,430,450
Contract Assets 9.2 93,179 -
Prepayments 18 1,228,025 1,791,176
Cash and cash equivalents 23 15,762,036 15,138,854
Total current assets 82,734,317 72,270,783
Total assets 162,334,422 146,804,128
Equity
Share capital 24 (a)(ii) 396,328 396,328
Share premium 24 (a)(iii) 32,262 32,262
Share based payment reserve 24 (a)(iv) 154,788 147,236
Retained earnings 49,637,108 44,302,351
Total Equity 50,220,486 44,878,177
Liabilities
Loans and borrowings 25 5,921,494 9,564,664
Employee benefits 26 2,700,673 2,275,921
Deferred tax liabilities 19 11,374,268 10,404,871
Total non- current liabilities 19,996,435 22,245,456
Trade and other payables 29 60,384,454 45,668,363
Contract liabilities 30 3,858,793 3,387,261
Refund liabilities 21 615,211 -
Bank Overdraft 23 1,393,678 3,714,087
Current tax liabilities 13(b) 23,629,987 15,098,670
Loans and borrowings 25 1,026,458 10,913,246
Provisions 28 1,208,920 898,868
Total current liabilities 92,117,501 79,680,495
Total liabilities 112,113,936 101,925,951
Total equity and liabilities 162,334,422 146,804,128

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