| |
Group |
Company |
| |
|
2007 |
2006 |
2007 |
2006 |
| |
Notes |
N'000 |
N'000 |
N'000 |
N'000 |
|
|
| Turnover |
1 |
31,478,990
|
28,403,237 |
18,161,094 |
17,507,587 |
| Cost of sales |
2 |
(24,068,377) |
(21,271,768) |
(14,329,271) |
(13,352,507) |
| Gross profit |
|
_________
7,410,613 |
________
7,131,469
|
_________
3,831,823
|
________
4,155,080
|
 |
|
Other income |
3 |
295,611 |
198,713 |
832,296 |
410,490 |
| Selling and distribution expenses |
|
(818,799) |
(699,085) |
(336,530) |
(109,119) |
| Administration expenses |
|
(3,345,879)
|
(3,882,791) |
(1,813,268) |
(2,259,442) |
| Operating profit from operations |
|
3,541,546 |
2,748,306 |
2,514,321 |
2,161,323 |
| |
|
|
|
|
|
| Share of profit of associated companies |
4 |
665,387 |
639,003 |
665,387 |
639,003 |
| Interest income |
|
407,567 |
221,067 |
198,663 |
113,029 |
| Finance charges |
|
(331,640) |
(550,032) |
(123,127) |
(184,429) |
| Net operating profit |
|
________
4,282,860
|
________
3,058,344 |
________
3,255,244
|
________
2,728,926 |
| Profit from disposal of certain assets |
5 |
1,103,640 |
1,169,289 |
524,089 |
65,580 |
| Exceptional items |
|
|
|
|
|
| Provision of assets impairment of closed bread plants |
6 |
50,000 |
(133,965) |
50,000 |
(133,965) |
| Provision for unfunded retirement benefits |
6 |
(350,000) |
(200,000) |
(350,000) |
(200,000) |
| Profit before taxation & minority interest |
8 |
________
5,086,500
|
________
3,893,668 |
_________
3,479,333
|
________
2,406,541 |
|
| Taxation |
9i |
(1,303,580) |
(1,074,352) |
(738,766) |
118,606 |
|
| Profit after taxation but before minority interest & extraordinary items |
|
3,782,920
|
2,819,316 |
2,740,567
|
2,579,147 |
| 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 |
(724,470) |
(481,892) |
- |
- |
| Profit after taxation & minority interest & extraordinary items |
|
________
3,058,450
|
________
3,203,589 |
_________
2,740,567 |
________
1,365,312 |
|
|
|
|
|
|
|
| Retained by the company |
|
2,100,279 |
1,365,312 |
2,100,279 |
1,365,312 |
Retained by subsidiaries |
|
317,883 |
1,838,277 |
- |
- |
Profit of the year retained |
24
|
_______
2,418,162 |
______
3,203,589 |
_______
2,100,279 |
_______
1,365,312 |
| Earnings per share (kobo) |
11(ii) |
239 |
249 |
|
106 |
| |
|
|
|
|
|
| Proposed dividend |
11(i) |
1,536,691
|
1,284,624 |
1,536,691 |
1,284,624 |
| Dividend per share (kobo) |
11(ii) |
|
100 |
100 |
100 |
|
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