| Statement of Income and Statement of
Earnings and Dividend per share
for
the year ended 31 December 2006 |
|
| STATEMENT
OF INCOME |
2006
RO
|
|
2005
RO
|
| INCOME
|
|
|
|
| Revenue |
16,055,752 |
|
13,020,649 |
| Other
income |
177,130 |
|
221,806 |
|
16,232,882 |
|
13,242,455 |
| EXPENSES |
|
|
|
| Salaries and
employee related costs |
5,377,182 |
|
4,980,417 |
| Operating
costs |
1,521,830 |
|
1,495,815 |
| General and
administration expenses |
455,648 |
|
524,063 |
| Depreciation |
754,837 |
|
684,844 |
| Franchise
fees |
3,958,221 |
|
2,884,121 |
| Directors'
remuneration |
163,300 |
|
149,506 |
| Total operating
costs |
12,231,018 |
|
10,718,766 |
| Profit from
operations |
4,001,864 |
|
2,523,689 |
| Net investment
income |
1,074,083 |
|
1,623,004 |
| Profit before
tax |
5,075,947 |
|
4,146,693 |
| Taxation |
(514,310)
|
|
(332,079)
|
| Net profit for the
year |
4,561,637 |
|
3,814,614 |
|
STATEMENT OF
EARNINGS AND DIVIDEND PER
SHARE |
|
|
|
| Basic earnings per
share |
0.634 |
|
0.530 |
|
Proposed cash dividend per share |
0.300 |
|
0.350 |
|
Proposed
stock dividend per share |
0.100 |
|
|
| |
|
|
TOP | |
| Balance sheet
at 31 December 2006 |
| |
| |
2006
RO |
|
2005
RO |
| ASSETS |
|
|
|
| Non current
assets |
|
|
|
| Property, plant
and equipment |
8,377,259 |
|
7,905,975 |
| Intangible
asset |
2,769 |
|
|
| Investment
properties |
785,000 |
|
785,000 |
| Investments
available for sale |
10,761,183 |
|
9,430,698 |
| Held to maturity
investments |
1,987,450 |
|
1,987,450 |
| Employee
loans |
19,434 |
|
31,890 |
| Total non-current
assets |
21,933,095 |
|
20,141,013 |
|
|
|
|
| Current
assets |
|
|
|
| Investments
at fair value through profit or loss |
1,509,900 |
|
1,419,933 |
| Inventories |
311,016 |
|
292,163 |
| Accounts
receivable and prepayments |
1,568,073 |
|
708,835 |
| Bank balances and
cash |
4,257,531 |
|
3,695,623 |
| Total current
assets |
7,646,520 |
|
6,116,554 |
| Total
assets |
29,579,615 |
|
26,257,567 |
| |
|
|
|
| SHAREHOLDERS'
FUNDS AND LIABILITIES |
|
|
|
| Shareholders'
Equity |
|
|
|
| Share
capital |
7,200,000 |
|
7,200,000 |
| Legal
reserve |
2,400,000 |
|
2,400,000 |
| General
reserve |
2,500,000 |
|
2,500,000 |
| Retained
earnings |
7,904,000 |
|
5,863,353 |
| Fair value
reserve |
4,250,040 |
|
4,200,794 |
| Total
shareholders' equity |
24,255,030 |
|
22,164,147 |
| |
|
|
|
| Liabilities |
|
|
|
| Non current
liabilities |
|
|
|
| Employee
end of service benefits |
902,463 |
|
908,126 |
| Deferred tax
liability |
536,503 |
|
528,835 |
| Total non current
liabilities |
1,438,966 |
|
1,436,961 |
| |
|
|
|
| Current
liabilities |
|
|
|
| Accounts payable
and accruals |
3,372,198 |
|
2,328,483 |
| Current
taxation |
513,421 |
|
327,976 |
| Total current
liabilities |
3,885,619 |
|
2,656,459 |
| Total
liabilities |
5,324,585 |
|
4,093,420 |
|
Total
shareholders' funds and
liabilities |
29,579,615 |
|
26,257,567 |
| Net assets per
share |
3.369 |
|
3.078 |
| |
|
|
TOP | | |
