| |
Group |
Company |
| |
|
2006 |
2005 |
2006 |
2005 |
| |
Notes |
N'000 |
N'000 |
N'000 |
N'000 |
|
|
| Turnover |
1 |
28,403,237 |
27,118,696 |
17,507,587 |
16,982,650 |
| Cost of sales |
2 |
(21,271,768) |
(20,090,052) |
(13,352,507) |
(12,753,371) |
| Gross profit |
|
_________
7,131,469 |
________
7,028,644
|
_________
4,155,080 |
________
4,229,279
|
 |
|
Other income |
3 |
198,713 |
160,504 |
410,490 |
214,970 |
| Selling and distribution expenses |
|
(699,085) |
(450,507) |
(144,805) |
(109,119) |
| Administration expenses |
|
(3,882,791)
|
(4,061,525) |
(2,259,442) |
(2,509,112) |
| Operating profit from operations |
|
2,748,306 |
2,677,116 |
2,161,323 |
1,826,018 |
| |
|
|
|
|
|
| Share of profit of associated companies |
4 |
639,003 |
560,160 |
639,003 |
560,160 |
| Interest income |
|
221,067 |
374,615 |
113,029 |
303,295 |
| Finance charges |
|
(550,032) |
(693,510) |
(184,429) |
(212,345) |
| Net operating profit |
|
________
3,058,344 |
________
2,918,381 |
________
2,728,926 |
________
2,477,128 |
| Profit from disposal of certain assets |
5 |
1,169,289 |
6,461 |
65,580 |
31,796 |
| Exceptional items |
|
|
|
|
|
| Provision of assets impairment of closed bread plants |
6 |
(133,965) |
- |
(133,965) |
- |
| Provision for unfunded retirement benefits |
6 |
(200,000) |
(200,000) |
(200,000) |
(200,000) |
| Profit before taxation & minority interest |
8 |
________
3,893,668 |
________
2,724,842 |
_________
2,406,541 |
________
2,308,924 |
|
| Taxation |
9i |
(1,074,352) |
(915,581) |
118,606 |
(533,410) |
|
| Profit after taxation but before minority interest & extraordinary items |
|
2,819,316
|
1,809,261 |
2,579,147
|
1,775,514 |
| Extraordinary items (net of taxes) |
|
|
|
|
|
| Profit on disposal of shares of associated company |
7 |
866,165 |
- |
866,165 |
- |
| Provision for diminution on investments in water subsidiaries |
7 |
- |
- |
(2,080,000) |
- |
| Minority interest |
25 |
(481,892) |
(179,352) |
- |
- |
| Profit after taxation & minority interest & extraordinary items |
|
________
3,203,589 |
________
1,629,909 |
_________
1,365,312 |
________
1,775,514 |
|
|
|
|
|
|
|
| Retained by the company |
|
1,365,312 |
1,775,514 |
1,365,312 |
1,775,514 |
Retained by subsidiaries |
|
1,838,277 |
(145,605) |
- |
- |
Profit of the year retained |
24
|
_______
3,203,589 |
______
1,629,909 |
_______
1,365,312 |
_______
1,775,514 |
| Earnings per share (kobo) |
11(ii) |
249 |
127 |
106 |
138 |
| |
|
|
|
|
|
| Proposed dividend |
11(i) |
1,284,624 |
1,284,624 |
(1,284,624) |
1,284,624 |
| Dividend per share (kobo) |
11(ii) |
100 |
100 |
100 |
100 |
|
