| Statement
of Comprehensive Income |
|
|
|
|
|
| for financial year ended Dec
31 2014 |
|
|
|
|
|
| ( In thousands of Naira) |
Group |
|
Group |
|
% Change |
|
2013 |
|
2012 |
|
|
|
|
|
|
|
|
| Revenue |
212,737,291 |
|
201,565,276 |
|
5.54% |
| Cost of sales |
-161,134,675 |
|
-156,726,348 |
|
2.81% |
| Gross profit |
51,602,616 |
|
44,838,928 |
|
15.08% |
| Marketing expenses |
-111,209 |
|
-153,661 |
|
-27.63% |
| Administration expenses |
-32,624,772 |
|
-31,704,992 |
|
2.90% |
| Operating Profit |
18,866,635 |
|
12,980,275 |
|
45.35% |
| Investment income |
19,949 |
|
838,767 |
|
-97.62% |
| Other gains and losses |
295,816 |
|
1,232,358 |
|
-76.00% |
| Finance costs |
-2,961,864 |
|
-2,709,908 |
|
9.30% |
| Profit before tax |
16,220,536 |
|
12,341,492 |
|
31.43% |
| Income tax expense |
-8,367,196 |
|
-4,328,798 |
|
93.29% |
|
|
|
|
|
|
| Profit for the year |
7,853,340 |
|
8,012,694 |
|
-1.99% |
|
|
|
|
|
|
| Other comprehensive income for the year
net of tax |
|
|
|
|
|
| Actuarial gains on retirement benefits |
55,444 |
|
0 |
|
|
| Irreversible income statement |
|
|
|
|
|
| Exchange difference on translating
foreign operation |
516,560 |
|
247,769 |
|
108.48% |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Comprehensive Income |
8,425,344 |
|
8,260,463 |
|
2.00% |
|
|
|
|
|
|
| Attributable to: |
|
|
|
|
|
| Owners of the parent |
8,064,235 |
|
8,193,543 |
|
-1.58% |
| Non controlling interest |
361,109 |
|
66,920 |
|
439.61% |
|
8,425,344 |
|
8,260,463 |
|
2.00% |
|
|
|
|
|
|
| Basic earning per share |
6.72 |
|
6.83 |
|
-1.61% |
| Dilute earning per share |
6.72 |
|
6.83 |
|
-1.61% |
|
|