TPCC Annual Report 2008.indd - HeidelbergCement
TPCC Annual Report 2008.indd - HeidelbergCement
TPCC Annual Report 2008.indd - HeidelbergCement
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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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