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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 />

29

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