N'000

N'000

N'000

N'000

Operating profit before taxation

5,086,500

3,893,668

3,479,333

2,460,541

Amortisation of intangible assets

33,440

33,465

33,440

33,465

Extraordinary items

-

866,165

-

(1,213,835)

Deferred tax credit on extraordinary items

-

-

-

480,000

Share of post tax profit of Associates

(463,414)

(490,220)

(463,414)

(490,220)

Dividend income

(675)

(562)

(630,213)

(285,893)

Depreciation of fixed assets

1,734,827

1,802,616

1,313,819

1,376,205

Net adjustment to fixed assets

599,751

214,218

411,668

349,665

Provision for dimunition in value of investments

-

-

-

800,000

Provision for assets impairment on closed bread plant

(50,000)

133,965

(50,000)

133,965

Provision no longer required

-

-

Profit on disposal of certain assets

(1,103,640)

(1,169,289)

(524,089)

(65,580)

Profit on disposal of investment

-

(866,165)

-

(866,165) -

Interest on loans and overdrafts

331,640

550,032

123,127

184,429

Interest received

(407,567)

(221,067)

(198,663)

(113,029)

Cash flow before changes in working capital

5,760,862

4,746,826

3,495,008

2,783,548

Decrease/(increase) in stocks

(1,741,019)

1,728,390

(33,804)

(143,034)

(Increase)/decrease in debtors and prepayments

(876,523)

(455,910)

(592,853)

363,899

Increase in creditors and accruals

(463,641)

478,290

745,970

173,339

Increase/(decrease) in provision for liabilities & charges

287,349

251,676

160,255

207,360

Cash flow after changes in working capital

2,967,028

6,749,272

3,774,576

3,385,112

Tax paid

(1,048,276)

(622,265)

(449,995)

(449,130)

Net Cash flow from operating activities

1,918,752

6,127,007

3,324,581

2,935,982

Purchase of fixed assets

(3,639,024)

(2,604,594)

(3,038,492)

(2,158,679)

Proceeds from disposal of certain assets

1,444,629

2,072,852

690,424

644,900

Proceeds from disposal of investment in an associate

-

1,100,000

-

1,100,000

Dividends received

675

562

630,213

285,893

Interest received

407,567

221,067

198,663

113,029

Net investments in associated and other companies

(265,024)

39,981 82,083

(304,025)

(445,103)

Cash flow from financing activities

Loans (repaid)/granted

177,178

(478,432)

65,654

(170,182)

Proceeds from rights issues

14,659

-

14,659

–

Dividends paid

(1,164,696)

(1,055,127)

(1,164,696)

(1,086,088)

Interest on loans and overdrafts

(331,640)

(550,032)

(123,127)

(184,429)

Net Cash from financing activities

(1,304,499)

(2,083,591)

(1,207,510)

(1,440,699)

Net increase/(decrease) in cash and cash

Equivalents

(1,436,925)

4,873,284

293,854

1,035,323

Cash and cash equivalents at the beginning

of the year

3,882,149

(991,135)

1,856,094

820,771

Cash and Cash equivalents at the end of the year (note 17)

2,445,224

3,882,149

2,149,948

1,856,094