TPCC Annual Report 2008.indd - HeidelbergCement

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
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