Statement of Financial Positi

Thousands of Guyana Dollars

ASSETS
Non-Current Assets
Property, plant and equipment
Investment in associates
Investment in subsidiaries
Investment securities
Deferred receivables
Deferred taxation

Current Assets
Inventories
Receivables and prepayments
Cash resources
Assets held for sale
TOTAL ASSETS

2014 Trend

19,261,837
18,253
387,178
2,036,428
454,346
22,158,042

184
100
#DIV/0!
82
146
166

5,772,766
893,024
2,273,670
8,939,460

152
145
109
138

31,097,502

157

2,364,966
20,837,461
23,202,427

100
153
145

583,994
2,181,544
1,514,488
4,280,026

194
283
170
218

3,022,653
101,268
491,128
3,615,049

197
108
198
192

31,097,502

157

EQUITY AND LIABILITIES

Capital and reserves attributable to shareholers
Share capital
Reserves
Non-current liabilities
Borrowings
Deffered taxation
Provision for employee benefit
Current liabilities
Payables and Accurals
Borrowings
Taxation payable

TATAL EQUITY AND LIABILITIES

ancial Position 30th September

2013 Trend

2012 Trend

2011 Trend

18,559,117
18,253
2,398,566
35,494
446,658
21,458,088

177
100
###
96
35
143
160

14,179,936
18,253
2,377,902
36,437
293,941
16,906,469

136
100
###
96
36
94
126

12,087,727
18,253
2,499,322
101,427
286,035
14,992,764

116
100
###
101
101
92
112

5,488,563
769,350
2,020,790
8,278,703

145
125
97
127

5,354,280
819,221
2,445,007
8,618,508

141
133
117
133

4,190,565
705,444
2,235,569
7,131,578

111
115
107
110

29,736,791

150

25,524,977

128

22,124,342

111

2,364,966
19,193,215
21,558,181

100
140
134

2,364,966
16,956,068
19,321,034

100
124
121

2,364,966
15,100,618
17,465,584

100
111
109

684,453
2,042,924
1,488,861
4,216,238

227
265
167
215

800,550
1,023,632
979,803
2,803,985

266
133
110
143

142,992
835,075
953,449
1,931,516

47
108
107
98

3,543,775
111,792
306,805
3,962,372

230
119
124
211

2,868,067
91,826
440,065
3,399,958

186
98
177
181

2,625,675
67,981
310,897
3,004,553

171
72
125
160

29,736,791

150

25,524,977

128

22,401,653

113

2010 Trend

10,460,980
18,253
2,486,339
100,070
311,339
13,376,981

100
100
0
100
100
100
100

3,788,681
615,928
2,088,580
6,493,189

100
100
100
100

19,870,170

100

2,364,966
13,663,667
16,028,633

100
100
100

301,323
770,416
889,538
1,961,277

100
100
100
100

1,538,167
94,095
247,998
1,880,260

100
100
100
100

19,870,170

100

Statement of Income
Thousands of Guyana Dollars

2014

Trend

2013

Trend

2012

Revenue

23,326,642

142

23,491,972

143

21,688,872

Changes in inventories of finished goods

and work in progress
Raw materials and consumerables used
Excise Taxes
Staff costs
depreciation
Other operating expenses
PROFIT FROM OPERATIONS

(14,630)
(7,397,518)
(2,782,396)
(3,294,572)
(1,861,918)
(4,649,445)
3,326,163

6
153
141
140
183
121
157

41311
(6,886,320)
(2,785,033)
(3,198,719)
(1,612,792)
(5,350,012)
3,700,407

(18)
143
141
136
159
140
174

139,772
(6,582,139)
(2,738,544)
(2,886,151)
(1,311,503)
(4,959,037)
3,351,270

Net finance (cost)/ income

Other income
PROFIT BEFORE TAXATION
Taxation
PROFIT AFTER TAXATION

(15,516)
161,904
3,472,551
(1,207,907)
2,264,644

89
137
156
140
166

8,710
153,022
3,862,139
(1,319,516)
2,542,623

(50)
129
173
153
187

2,651
318,502
3,672,423
(1,150,537)
2,521,886

Note base year would be 2010.

Trend

2011

Trend

2010

Trend

132

18,777,180

115

16,371,024

100

(60)
136
138
122
129
129
158

(160,542)
(5,426,774)
(2,393,409)
(2,596,272)
(1,125,580)
(4,391,175)
2,683,428

69
112
121
110
111
115
126

(231,894)
(4,827,121)
(1,978,735)
(2,358,717)
(1,016,007)
(3,833,600)
2,124,950

100
100
100
100
100
100
100

(15)
269
165
133
185

(6195)
124,608
2,801,841
(867,873)
1,993,968

36
105
126
100
146

(17,447)
118,600
2,226,103
(864,088)
1,362,015

100
100
100
100
100

Statement of Income
Thousands of Guyana Dollars

2014

2013

2012

Revenue

23,326,642

23,491,972

21,688,872

Changes in inventories of finished goods

and work in progress
Raw materials and consumerables used
Excise Taxes
Staff costs
depreciation
Other operating expenses
PROFIT FROM OPERATIONS

(14,630)
(7,397,518)
(2,782,396)
(3,294,572)
(1,861,918)
(4,649,445)
3,326,163

41311
(6,886,320)
(2,785,033)
(3,198,719)
(1,612,792)
(5,350,012)
3,700,407

139,772
(6,582,139)
(2,738,544)
(2,886,151)
(1,311,503)
(4,959,037)
3,351,270

Net finance (cost)/ income

Other income
PROFIT BEFORE TAXATION
Taxation
PROFIT AFTER TAXATION

(15,516)
161,904
3,472,551
(1,207,907)
2,264,644

8,710
153,022
3,862,139
(1,319,516)
2,542,623

2,651
318,502
3,672,423
(1,150,537)
2,521,886

2014

2013

2012

19,261,837
18,253
387,178
2,036,428
454,346
22,158,042

18,559,117
###
2,398,566
35,494
446,658
21,458,088

14,179,936
18,253
###
2,377,902
36,437
293,941
16,906,469

5,772,766

5,488,563

5,354,280

Financial Position
Thousands of Guyana Dollars
ASSETS
Non-Current Assets
Property, plant and equipment
Investment in associates
Investment in subsidiaries
Investment securities
Deferred receivables
Deferred taxation

Current Assets
Inventories

Receivables and prepayments

Cash resources
Assets held for sale
TOTAL ASSETS

893,024
2,273,670
8,939,460

769,350
2,020,790
8,278,703

819,221
2,445,007
8,618,508

31,097,502

29,736,791

25,524,977

2,364,966
20,837,461
23,202,427

###
19,193,215
21,558,181

2,364,966
16,956,068
19,321,034

583,994
2,181,544
1,514,488
4,280,026

684,453
2,042,924
1,488,861
4,216,238

800,550
1,023,632
979,803
2,803,985

3,022,653
101,268
491,128
3,615,049

3,543,775
111,792
306,805
3,962,372

2,868,067
91,826
440,065
3,399,958

31,097,502

29,736,791

25,524,977

1,000,000,000

1,000,000,000

###

EQUITY AND LIABILITIES

Capital and reserves attributable to shareholers
Share capital
Reserves
Non-current liabilities
Borrowings
Deffered taxation
Provision for employee benefit
Current liabilities
Payables and Accurals
Borrowings
Taxation payable

TOTAL EQUITY AND LIABILITIES

Total number of shares

Ratios:
(a)Profitability:
Operating Profit Margin (operating profit/sale x 100)
Net Profit Margin (Net profit/sale x 100)

Returns on Capital Employed (Profit before interest and tax/Capital

employedx100)

(b) Liquidity:
Current ratio (current assets/current liabilities)

14.26%

15.75%

15.45%

9.71%

10.82%

11.63%

12.69%

14.95%

16.59%

2.47

2.09

2.53

Quick ratio (current assets-inventory/current liabilities)

0.88

0.70

0.96

Receivables' days (receivable/sales x 365)

14
days

12
days

14
days

Payables' days (payables/Cost of sales x 365)

55
days

65
days

57
days

2.95%

3.69%

4.62%

214.37
times

times

###
times

2.54

2.52

Investors' ratios:
Gearing (interest bearing debt/equity)
Interest Cover (profit before interest and tax/finance cost)

Earnings Per Share (Profit after Interest and tax/Total Shares)

Dividend per share (Dividend/total shares)

2.26
0.64

0.61

0.56

2011

2010

Remarks

18,777,180

16,371,024

(160,542)
(5,426,774)
(2,393,409)
(2,596,272)
(1,125,580)
(4,391,175)
2,683,428

(231,894)
(4,827,121)
(1,978,735)
(2,358,717)
(1,016,007)
(3,833,600)
2,124,950

(6195)
124,608
2,801,841
(867,873)
1,993,968

(17,447)
118,600
2,226,103
(864,088)
1,362,015

2011

2010

12,087,727
18,253
2,499,322
101,427
286,035
14,992,764

10,460,980
18,253
2,486,339
100,070
311,339
13,376,981

4,190,565

3,788,681

705,444
2,235,569
7,131,578

615,928
2,088,580
6,493,189

22,124,342

19,870,170

2,364,966
15,100,618
17,465,584

2,364,966
13,663,667
16,028,633

142,992
835,075
953,449
1,931,516

301,323
770,416
889,538
1,961,277

2,625,675
67,981
310,897
3,004,553

1,538,167
94,095
247,998
1,880,260

22,401,653

19,870,170

1,000,000,000

1,000,000,000

14.29%

12.98%

10.62%

8.32%

14.48%

2.37

Includes operating profit plus other income divide by capital employed

12.47% which is derived by adding equity and non current liabilities.

3.45 Ideal industry ratio is 2:1

0.98

1.44 Ideal industry ratio is 1:1

14
days

14
days

60
days

39
days

1.21%

2.47%

433.16
times

121.79
times

1.99
0.51

1.36
0.47 These result were obtained from the published accounts

Statement of Income
Thousands of Guyana Dollars

2014

2013

Revenue

23,326,642

Changes in inventories of finished goods

and work in progress
Raw materials and consumerables used
Excise Taxes
Staff costs
depreciation
Other operating expenses
PROFIT FROM OPERATIONS

(14,630)
(7,397,518)
(2,782,396)
(3,294,572)
(1,861,918)
(4,649,445)
3,326,163

-0.06%
-31.71%
-11.93%
-14.12%
-7.98%
-19.93%
14.26%

41311
(6,886,320)
(2,785,033)
(3,198,719)
(1,612,792)
(5,350,012)
3,700,407

Net finance (cost)/ income

Other income
PROFIT BEFORE TAXATION
Taxation
PROFIT AFTER TAXATION

(15,516)
161,904
3,472,551
(1,207,907)
2,264,644

-0.07%
0.69%
14.89%
-5.18%
9.71%

8,710
153,022
3,862,139
(1,319,516)
2,542,623

Financial Position
Thousands of Guyana Dollars
ASSETS
Non-Current Assets
Property, plant and equipment
Investment in associates
Investment in subsidiaries
Investment securities
Deferred receivables
Deferred taxation

100%

2014

19,261,837
18,253
387,178
2,036,428
454,346

23,491,972

2013

61.94%
0.06%
1.25%
6.55%
0.00%
1.46%

18,559,117
18,253
2,398,566
35,494
446,658

Current Assets
Inventories
Receivables and prepayments
Cash resources
Assets held for sale
TOTAL ASSETS

EQUITY AND LIABILITIES

Capital and reserves attributable to shareholers
Share capital
Reserves
Non-current liabilities
Borrowings
Deffered taxation
Provision for employee benefit
Current liabilities
Payables and Accurals
Borrowings
Taxation payable

TOTAL EQUITY AND LIABILITIES

22,158,042

71.25%

21,458,088

5,772,766
893,024
2,273,670
8,939,460

18.56%
2.87%
7.31%
28.75%

5,488,563
769,350
2,020,790
8,278,703

31,097,502

100.00%

29,736,791

2,364,966
20,837,461
23,202,427

7.61%
67.01%
74.61%

2,364,966
19,193,215
21,558,181

583,994
2,181,544
1,514,488
4,280,026

1.88%
7.02%
4.87%
13.76%

684,453
2,042,924
1,488,861
4,216,238

3,022,653
101,268
491,128
3,615,049

9.72%
0.33%
1.58%
11.62%

3,543,775
111,792
306,805
3,962,372

31,097,502

100.00%

29,736,791

2012
100%

21,688,872

2011
100%

18,777,180

2010
100%

16,371,024

100%

0.18%
-29.31%
-11.86%
-13.62%
-6.87%
-22.77%
15.75%

139,772
(6,582,139)
(2,738,544)
(2,886,151)
(1,311,503)
(4,959,037)
3,351,270

0.64%
-30.35%
-12.63%
-13.31%
-6.05%
-22.86%
15.45%

(160,542)
(5,426,774)
(2,393,409)
(2,596,272)
(1,125,580)
(4,391,175)
2,683,428

-0.85%
-28.90%
-12.75%
-13.83%
-5.99%
-23.39%
14.29%

(231,894)
(4,827,121)
(1,978,735)
(2,358,717)
(1,016,007)
(3,833,600)
2,124,950

-1.42%
-29.49%
-12.09%
-14.41%
-6.21%
-23.42%
12.98%

0.04%
0.65%
16.44%
-5.62%
10.82%

2,651
318,502
3,672,423
(1,150,537)
2,521,886

0.01%
1.47%
16.93%
-5.30%
11.63%

(6195)
124,608
2,801,841
(867,873)
1,993,968

-0.03%
0.66%
14.92%
-4.62%
10.62%

(17,447)
118,600
2,226,103
(864,088)
1,362,015

-0.11%
0.72%
13.60%
-5.28%
8.32%

2012

62.41%
0.06%
0.00%
8.07%
0.12%
1.50%

14,179,936
18,253
2,377,902
36,437
293,941

2011

55.55%
0.07%
0.00%
9.32%
0.14%
1.15%

12,087,727
18,253
2,499,322
101,427
286,035

2010

54.64%
0.08%
0.00%
11.30%
0.46%
1.29%

10,460,980
18,253
2,486,339
100,070
311,339

52.65%
0.09%
0.00%
12.51%
0.50%
1.57%

72.16%

16,906,469

66.24%

14,992,764

67.77%

13,376,981

67.32%

18.46%
2.59%
6.80%
27.84%

5,354,280
819,221
2,445,007
8,618,508

20.98%
3.21%
9.58%
33.76%

4,190,565
705,444
2,235,569
7,131,578

18.94%
3.19%
10.10%
32.23%

3,788,681
615,928
2,088,580
6,493,189

19.07%
3.10%
10.51%
32.68%

100.00%

25,524,977

100.00%

22,124,342

100.00%

19,870,170

100.00%

7.95%
64.54%
72.50%

2,364,966
16,956,068
19,321,034

9.27%
66.43%
75.69%

2,364,966
15,100,618
17,465,584

10.56%
67.41%
77.97%

2,364,966
13,663,667
16,028,633

11.90%
68.76%
80.67%

2.30%
6.87%
5.01%
14.18%

800,550
1,023,632
979,803
2,803,985

3.14%
4.01%
3.84%
10.99%

142,992
835,075
953,449
1,931,516

0.64%
3.73%
4.26%
8.62%

301,323
770,416
889,538
1,961,277

1.52%
3.88%
4.48%
9.87%

11.92%
0.38%
1.03%
13.32%

2,868,067
91,826
440,065
3,399,958

11.24%
0.36%
1.72%
13.32%

2,625,675
67,981
310,897
3,004,553

11.72%
0.30%
1.39%
13.41%

1,538,167
94,095
247,998
1,880,260

7.74%
0.47%
1.25%
9.46%

100.00%

25,524,977

100.00%

22,401,653

100.00%

19,870,170

100.00%