Balance sheet as at december 31

Assets 2021
non-current assets
Property, plant and equipment 4,053,993
Right-of-use asset 46,511
Intangible assets 81,637
Long term deposits 2,980
Long term loans and advances 1,144
4,186,265
Current assets
Stores and spares 196,537
Stock-in-trade 1,327,888
Trade debts - net 519,372
Loans and advances 3,531
Trade deposits and short term prepayments 82,055
Other receivables 96,045
Sales tax refundable - net 142,810
Taxation - net 536,557
Cash and bank balances 3,297,755
6,202,550
Total Assets 10,388,815

EQUITY AND LIABILITIES

Share capital and reserves
Share capital 63,699
Reserves 2,905,867
Total equity 2,969,566

LIABILITIES
Non-current liabilities
Staff retirement benefits 15,513
Long term borrowings 168,619
Deferred income - government grant 29,271
Lease liabilities 20,571
Deferred taxation 357,704
591,678
Current liabilities
Trade and other payables 5,257,887
Current portion of deferred income - government grant 2,252
Current portion of lease liabilities 387
Provisions 124,524
Unpaid dividend 1,416,018
Unclaimed dividend 24,627
Accrued interest / mark up 1,876
short term bowrring
Sales tax payable
6,827,571
Total liabilities 7,419,249
Total equity and liabilities 10,388,815

Net Income
Sales - net 19,820,946
Cost of sales 10,904,750
Gross profit 8,916,196
Distribution cost 2,888,333
Administrative expenses 486,020
Other operating expenses 371,223
Other income 331,367
Operating profit 5,501,987
Finance costs 79,151
Profit before taxation 5,422,836
Taxation 253,359
Profit after taxation 5,169,477
Other comprehensive income which will not be reclassified to
the profit or loss in subsequent periods:
Gain on remeasurements of post employment defined benefit obligati 1,616
Impact of deferred tax 469
1,147
Total comprehensive income 5,170,624

Profitability Ratio
2021
Net Profit margin 26%
Average total assets 7234881.5

2021
Total Assets turnover 274%

2021
Return on Assets 71%

Return on Assets
80%
70%
60%
50%
40%
30%
20%
10%
0%
2021 2020 2019

Dupont Analysis 2021

RoA 71.467984651856400%
Operating income margin
 2020 2019 2018 2017

3,732,128 3,654,460 2,783,549 1,992,974

12,571 18,594 34,853
81,637 81,637 81,637 81,637
2,980 2,980 2,980
3,371 5,157 11,338 13,205
3,832,687 3,762,828 2,914,357 2,087,816

164,302 140,520 49,055 35,446

999,124 902,351 963,034 1,007,742
455,214 868,282 509,288 438,767
69,256 13,854 13,107 12,184
77,395 14,408 33,996 84,566
57,506 32,050 47,136 19,346
213,195 203,749 62,225 -
648,799 426,235 263,869 47,523
929,895 724,556 1,114,816 347,558
3,614,686 3,326,005 3,056,526 1,993,132
7,447,373 7,088,833 5,970,883 4,080,948

63,699 63,699 63,699 61,576

2,683,995 2,240,498 1,828,864 119,894
2,747,694 2,304,197 1,892,563 181,470

25,727 24,141 14,000 9,345

23,660 -
-
387 24,819
361,050 280,539 135,716 203,785
410,824 304,680 174,535 213,130

4,112,349 4,225,724 2,835,390 2,773,124

27,348
11,519 21,504 30,287
107,740 105,054 53,536 60,659
31,180 34,717 21,310 172,685
25,447 30,392 10,877 72,658
620 35,217 13,391 2,288
938,994 583,741
21,193
4,288,855 4,479,956 3,903,785 3,686,348
4,699,679 4,784,636 4,078,320 3,899,478
 7,447,373 7,088,833 5,970,883 4,080,948

15,572,747 13,291,424 11,898,430 10,745,260

8,894,178 7,789,001 6,539,088 5,911,696
6,678,569 5,502,423 5,359,342 4,833,564
2,274,181 2,294,223 2,682,658 2,649,320
450,428 391,596 315,392 302,756
285,906 178,067 142,016 137,533
428,421 304,339 342,115 202,771
4,096,475 2,942,876 2,561,391 1,946,726
41,517 135,076 69,675 26,020
4,054,958 2,807,800 2,491,716 1,920,706
217,546 354,862 760,146 565,033
3,837,412 2,452,938 1,731,570 1,355,673

6,452 6,452 38 -7,132

1,871 1,871 11 2,140
4,581 4,581 27 -4,992
3,841,993 2,457,519 1,731,597 1,350,681

2020 2019 2018 2017

25% 18% 15% 13%
5764160.5 5584890.5 5025915.5 4080948

2020 2019 2018 2017

270% 238% 237% 263%

2020 2019 2018 2017

67% 44% 34% 33%

Return on Assets

2019 2018 2017

2020 2019 2018 2017

66.653123208488000% 44.002993433801400% 34.453364765086100% 33.097236230405300%
30%
Net Profit margin
25%

20%

15%

10%

5%

0%
2021 2020 2019 2018 2017

Total Assets turnover

280%
270%
260%
250%
240%
230%
220%
210%
2021 2020 2019 2018 2017