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Year 2006 Balance Sheet |
| As at 31st December, 2007 |
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GROUP |
COMPANY |
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2007 |
2006 |
2007 |
2006 |
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Notes |
=N='000 |
=N='000 |
=N='000 |
=N='000 |
Assets: |
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Fixed assets |
11 |
354,205 |
385,476 |
353,207 |
384,128 |
Investment properties |
12 |
32,254,610 |
27,713,559 |
32,254,610 |
27,713,550 |
Long term investments |
13 |
3,923,235 |
3,879,789 |
3,977,045 |
3,933,599 |
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36,532,050 |
31,978,814 |
36,584,862 |
32,031,276 |
Current assets: |
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Stocks & work - in - progress |
14 |
2,315,853 |
1,997,250 |
2,180,718 |
1,863,320 |
Debtors & debit balances |
15 |
9,785,758 |
5,904,252 |
9,623,955 |
5,758,174 |
Cash and bank balances |
16 |
432,019 |
116,569 |
431,623 |
116,282 |
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12,533,630 |
8,018,070 |
12,236 |
7,737,775 |
Creditors: due within one year |
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Bank overdrafts & commercial papers |
16 |
(4,072,860) |
(5,077,554) |
(4,072,859) |
(5,077,555) |
Trade and other creditors |
17 |
(5,542,354) |
(3,789,561) |
(5,281,060) |
(3,603,139) |
Deferred Income |
18 |
(427,062) |
(472,043) |
(427, 062) |
(472,043) |
Taxation |
8 |
(405,660) |
(243,724) |
(405, 266) |
(243,724) |
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|
(10,447,935) |
(9,582,883) |
(10,186, 247) |
(9,396,460) |
Net current liabilities |
|
2,085,695 |
(1,564,812) |
2,050,049 |
(1,658,685) |
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38,617,745 |
30,414,002 |
38,634,911 |
30,372,591 |
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Deferred income |
18 |
(138,589) |
(196,202) |
(134,563) |
(153,556) |
Term Loan |
16 |
(16,118,705) |
(8,000,000) |
(16,118,705) |
(8,000,000) |
Provision for liabilities and charges |
19 |
(1,157,030) |
(1,214,358) |
(1,154,372) |
(1,211,700) |
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Total net assets |
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21,203,420 |
21,003,442 |
21,227,271 |
21,007,336 |
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Share capital |
20 |
550,000 |
550,000 |
550,000 |
550,000 |
Share premium |
21 |
4,252,648 |
4,252,648 |
4,252,648 |
4,252,648 |
Revaluation reserve |
22 |
13,945,795 |
14,320,833 |
13,945,795 |
14,320,833 |
Proposed Dividend |
9 |
535,912 |
385,000 |
535,912 |
385,000 |
Revenue reserve |
23 |
1,909,328 |
1,472,773 |
1,942,916 |
1,498,855 |
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Shareholders' funds |
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21,193,683 |
20,981,254 |
21,227,271 |
21,007,336 |
Minority interest |
24 |
9,737 |
22,188 |
- |
- |
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Employment of funds |
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21,203,420 |
21,003,442 |
21,227,271 |
21,007,336 |
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Lt. Gen. M.I. Wushishi (rtd), GCON, CFR, FSS, PSC
Mr. Stephen S. Mayaki |
Directors |
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| The Statement of accounting policies on pages 24 and 25 and the notes on pages 31 to 42 form an integral part of these financial statements. |
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