TPCC Annual Report 2008.indd - HeidelbergCement
TPCC Annual Report 2008.indd - HeidelbergCement TPCC Annual Report 2008.indd - HeidelbergCement
Tanzania Portland Cement Company Ltd, Annual Report 2008 Income statement Profit and loss accounts, TZS ‘000 Notes 2008 2007 Revenue 9 148,709,578 119,764,889 Cost of sales 11 (80,048,539) (60,647,709) Gross margin 68,661,039 59,117,180 Other income 10 706,653 249,374 Selling and marketing costs 12 (966,538) (1,093,907) Administrative costs 13 (10,970,349) (8,840,836) Depreciation and amortisation 8, 17 & 18 (3,320,711) (2,906,872) Other expenses 14 (1,238,495) (379,924) Write-off and increase in provision for obsolete stock 20 288,245 (904,731) Operating income 53,159,844 45,240,284 Finance revenue 426,171 586,715 Financial costs 15 (358,299) (355,843) Loss on foreign currency translation 16 (3,034,766) (1,889,594) Profit before tax 50,192,950 43,581,562 Taxes on income 30 (15,230,630) (13,469,977) Profit for the year 34,962,320 30,111,586 Earnings per share 37 Basic earning per share (TZS) 194.32 167.36 Diluted earning per share (TZS) 194.32 167.36 The notes on pages 32 to 59 form part of these financial statements Independent auditors’ report on pages 26 and 27 28
Balance sheet Tanzania Portland Cement Company Ltd, Annual Report 2008 Balance sheet, TZS ‘000 Notes 2008 2007 Assets Property, plant and equipment 8 121,927,365 59,947,439 Intangible asset 17 21,231 43,972 Leasehold land 18 204,006 209,534 Non-current assets 122,152,602 60,200,945 Cash and bank balances 19 18,882,294 20,652,680 Inventories 20 22,791,501 18,112,545 Trade receivables 21 2,579,658 2,422,990 Other short-term operating receivables 22 2,259,927 1,577,586 Current assets 46,513,380 42,765,801 Total assets 168,665,982 102,966,746 Equity and liabilities Share capital 23 3,598,462 3,598,462 Retained earnings 102,517,397 75,291,771 Equity 106,115,859 78,890,233 Deferred tax 30 9,520,060 6,190,325 Long-term financial liabilities 24 528,820 579,184 Gratuity 27 1,116,879 465,000 Non-current liabilities 11,165,759 7,234,509 Long-term financial liabilities (current portion) 24 76,595 83,366 Other borrowings 25 25,717,595 - Trade and other payables 26 24,512,103 15,952,113 Dividend payable 113,063 - Tax payable 30 965,007 806,525 Current liabilities 51,384,363 16,842,004 Total equity and liabilities 168,665,982 102,966,746 The notes on pages 32 to 59 form part of these financial statements Independent auditors’ report on pages 26 and 27 29
- Page 1 and 2: Tanzania Portland Cement Company Li
- Page 3 and 4: Table of contents Tanzania Portland
- Page 5 and 6: Kwa Wanahisa, TANZANIA PORTLAND CEM
- Page 7 and 8: Maelezo mafupi ya Mwenyekiti Tanzan
- Page 9 and 10: Administrative costs were affected
- Page 11 and 12: kutokana na uagizaji wa klinka kuto
- Page 13 and 14: Mradi wa Upanuzi Mradi wa upanuzi w
- Page 15 and 16: Tanzania Portland Cement Company Lt
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- Page 19 and 20: Taarifa Muhimu za Kampuni Eneo la s
- Page 21 and 22: Directors’ remuneration Tanzania
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- Page 25 and 26: Malipo kwa Wakurugenzi Tanzania Por
- Page 27 and 28: Walemavu Tanzania Portland Cement C
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- Page 33 and 34: Cash flow statement Tanzania Portla
- Page 35 and 36: IFRS 8 Operating Segments Tanzania
- Page 37 and 38: Revenue recognition Tanzania Portla
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- Page 47 and 48: IFRIC 16 Hedges of a Net Investment
- Page 49 and 50: 13. Administrative expenses Tanzani
- Page 51 and 52: 20. Inventories Tanzania Portland C
- Page 53 and 54: 25. Other borrowings Tanzania Portl
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- Page 57 and 58: 29. Related party transactions Tanz
- Page 59 and 60: 33. Incorporation The Company is in
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Balance sheet<br />
Tanzania Portland Cement Company Ltd, <strong>Annual</strong> <strong>Report</strong> 2008<br />
Balance sheet, TZS ‘000 Notes 2008 2007<br />
Assets<br />
Property, plant and equipment 8 121,927,365 59,947,439<br />
Intangible asset 17 21,231 43,972<br />
Leasehold land 18 204,006 209,534<br />
Non-current assets 122,152,602 60,200,945<br />
Cash and bank balances 19 18,882,294 20,652,680<br />
Inventories 20 22,791,501 18,112,545<br />
Trade receivables 21 2,579,658 2,422,990<br />
Other short-term operating receivables 22 2,259,927 1,577,586<br />
Current assets 46,513,380 42,765,801<br />
Total assets 168,665,982 102,966,746<br />
Equity and liabilities<br />
Share capital 23 3,598,462 3,598,462<br />
Retained earnings 102,517,397 75,291,771<br />
Equity 106,115,859 78,890,233<br />
Deferred tax 30 9,520,060 6,190,325<br />
Long-term financial liabilities 24 528,820 579,184<br />
Gratuity 27 1,116,879 465,000<br />
Non-current liabilities 11,165,759 7,234,509<br />
Long-term financial liabilities (current portion) 24 76,595 83,366<br />
Other borrowings 25 25,717,595 -<br />
Trade and other payables 26 24,512,103 15,952,113<br />
Dividend payable 113,063 -<br />
Tax payable 30 965,007 806,525<br />
Current liabilities 51,384,363 16,842,004<br />
Total equity and liabilities 168,665,982 102,966,746<br />
The notes on pages 32 to 59 form part of these financial statements<br />
Independent auditors’ report on pages 26 and 27<br />
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