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|
investor centre |
|
 |
| Profit & Loss Account |
| |
| For the year ended 31st December 2005 |
| |
| |
Group |
Company |
| |
|
2005 |
2004 |
2005 |
2004 |
| |
Notes |
N'000 |
N'000 |
N'000 |
N'000 |
|
|
| Turnover |
1 |
27,118,696 |
25,116,384 |
16,982,650 |
17,374,954 |
| Cost of sales |
2 |
(20,090,052) |
(18,911,456) |
(12,753,371) |
(13,362,357) |
| Gross profit |
|
_________
7,028,644 |
________
6,204,928
|
_________
4,229,279 |
________
4,012,597
|
|
|
Other income |
3 |
160,504 |
148,462 |
214,970 |
200,381 |
| Selling and distribution expenses |
|
(450,507) |
(417,575) |
(109,119) |
(108,846) |
| Administration expenses |
|
(4,061,525)
|
(3,531,353) |
(2,509,112) |
(2,148,651) |
| Operating profit from continuing operations |
|
2,677,116 |
2,404,462 |
1,826,018 |
1,955,481 |
| |
|
|
|
|
|
| Share of profit of associated companies |
4 |
560,160 |
352,365 |
560,160 |
352,365 |
| Interest income |
|
374,615 |
- |
303,295 |
- |
| Finance charges |
|
(693,510) |
(854,714) |
(212,345) |
(609,279) |
| Net operating profit |
|
________
2,918,381 |
________
1,902,113 |
________
2,477,128 |
________
1,698,567 |
| Profit from disposal of certain assets |
5 |
6,461 |
716,704 |
31,796 |
701,906 |
| Provision for unfunded retirement benefits |
6 |
(200,000) |
(200,000) |
(200,000) |
(200,000) |
| Profit before taxation & minority interest |
7 |
________
2,724,842 |
________
2,418,817 |
_________
2,308,924 |
________
2,200,473 |
|
| Taxation |
8i |
(915,581) |
(768,646) |
(533,410) |
(601,906) |
|
| Profit after taxation but before minority interest |
|
1,809,261 |
1,650,171 |
1,775,514 |
1,598,567 |
| Minority interest |
23 |
(179,352) |
(80,028) |
- |
- |
| Profit after taxation & minority interest |
|
________
1,629,909 |
________
1,570,143 |
_________
1,775,514 |
________
1,598,567 |
|
| Proposed dividend |
10i |
(1,284,624) |
(970,984) |
(1,284,624) |
(970,984) |
|
|
|
|
|
|
| Retained by the company |
|
490,890 |
627,583 |
490,890 |
627,583 |
Retained by subsidiaries |
|
(145,605) |
(28,425) |
- |
- |
Profit of the year retained |
22
|
_______
345,825 |
______
599,159 |
_______
490,890 |
_______
627,583 |
| Earnings per share (kobo) |
|
127 |
137 |
138 |
140 |
| Earnings per share (kobo) adjusted |
|
127 |
122 |
138 |
124 |
| Dividend per share (kobo) |
|
100 |
85 |
100 |
85 |
| Dividend per share (kobo) adjusted |
|
100 |
76 |
100 |
76 |
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