Samba Foods Limtted
Financial Statements
For the year ended 31 December 2018
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2018
Notes 2018 2017
GHe Gue
income ‘ 342,020 444,044
Direct Expenses 5 (239,804) (323,652)
Gross Profit/(Loss) 102.216 (120,392)
Other Incom 8 - 88,990
Administrative Expenses ‘ (265,531) (300,638)
Depreciation and Amortization 10 (a7) (158,947)
Finance Charges 7 (572) (3.562)
Net Profit/(Loss) Before Taxation (335,304) (253,765)
Tax Expense ne (12.337) 1,466
Net Profit/(Loss) After Taxation (347,641) (252,299)Samba Foods Limited
Financial Statements
For the year ended 31 December 2018
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018
ASSETS Notes 2018 2017
Non-Current Assets GHe GHe
Plant, Properties & Equipment 10 3.621.845 3.476.448
Intangible Asse} ° 46.745 70.18
EES ia 90 2 2 era. sas csse
Current Assets
Inventories 12 349,489 285,344
Loans and Receivables 13 51813 355,536
Taxation n 27.395 27,395
Cash & Bank 4 17.77 21.678
445,874 889,953 |
Total Assets 4.114.464
EQUITY AND LIABILITIES
Equity
Stated Capital 15 2,750,498 2,750,498
income Surplus (2,143,628) (1,795,987)
Revaluation Surplus 2.222.559
3,177,070
Current Liabities
Accounts Payable 6 3.760
Other Payable: 7 213,408
830727168
Non-Current Liabilities
Deferred Tax Ligbi W 702,865 690,528
Term Loan 18 151,753 181,753
Total Equity and Liabilities 4,236,519
tors approved these financial statementson 2 March, 20/9
aoe
Abiof Wa ee
TREE moe
‘The accompanying hotes on pages 13 to 33 from part of these financial statements and should be read in conjunction
therewith.Samba Foods Limtted
Financial Statements
For the year ended 31 December 2018
‘STATEMENT OF
Operating acti
Loss from oper
‘Adjustments fo
Decrease / (In
CASH FLOWS AS AT 31 DECEMBER 2018
Notes
fies
tions
reose) in Inventories
Depreciation oe ‘Amortization
Decrease / (in
(Decrease) / in
Deferred Tax
ease) in receivables
rease in payables
Net cash generated from operating activities
Taxation
Tax Paid
Cash flow included in investing activities:
Purchase of PPI
Intangible Asse!
Net cash from investing activities
‘Cash flows from financing activities
Increase in Stat
1d Capital
Medium Term Loans
Shareholders Aé
vance
Net cash used in financing activities
Net increase/ (
Cash and cast
jecrease) in cash and cash equivalents
equivalents at beginning of year
Cash and cash equivalents at end of year
2018
Ghe
(335,304)
171.417
(64,145)
303,723
24715
290,407
(293,441)
(293,441
(4.501)
21,678
7477
2017
Ghe
(252,299)
158,948
(187,221)
(223,134)
109,793
(1,466)
(395,379)
(40,000)
(40,000)
(435,379)
457,057
21,678or
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