ABRIDGED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME:		
2013
Pula
2012
Pula
%
Change
Revenue 145,919,445 122,482,705 19...
Upcoming SlideShare
Loading in …5
×

Imara Holdings (Botswana) FY 2013 financial results

99 views
79 views

Published on

Imara Holdings (Botswana) FY 2013 financial results

Published in: Investor Relations
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
99
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Imara Holdings (Botswana) FY 2013 financial results

  1. 1. ABRIDGED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME: 2013 Pula 2012 Pula % Change Revenue 145,919,445 122,482,705 19% Other income 18,191,196 14,959,533 22% 164,110,641 137,442,238 19% Cost of services sold (19,488,607) (24,385,406) (20%) Operating expenses (140,547,968) (105,924,930) 33% Finance costs (396,768) (510,042) (22%) Income from associate 1,094,609 1,849,528 (41%) (Impairment losses) / impairment reversals on investments in associates (1,294,653) 32,031 (4142%) Profit before taxes 3,477,254 8,503,419 (59%) Taxation (4,977,395) (3,741,781) 33% (Loss) / profit for the year (1,500,141) 4,761,638 (132%) Other comprehensive loss (3,409,055) (1,027,438) 232% Total comprehensive (loss) / income for the year net of tax (4,909,196) 3,734,200 (235%) (Loss) / profit for the year: Attributable to: Equity holders of the parent (4,304,682) 5,635,305 (176%) : Non-controlling interest 2,804,541 (873,667) (1,500,141) 4,761,638 (132%) Total comprehensive (loss) / income for the year: Attributable to: Equity holders of the parent (7,713,737) 4,607,867 : Non-controlling interest 2,804,541 (873,667) (4,909,196) 3,734,200 EARNINGS AND DIVIDEND PER SHARE: 2013 2012 Earnings per share - Basic thebe (7.34) 9.61 Earnings per share - Diluted thebe (7.34) 9.20 Ordinary dividend per share thebe Passed 3.00 ABRIDGED CONSOLIDATED STATEMENT OF FINANCIAL POSITION: ASSETS 2013 Pula 2012 Pula % change Non - current assets Equipment 6,098,309 5,686,468 Goodwill & intangible assets 13,048,391 604,272 Investment in associate 877,669 9,557,712 Available-for-sale-financial assets 21,180,571 17,866,934 Deferred tax asset 1,033,646 2,341,462 42,238,586 36,056,848 17% Current assets Listed trading securities 5,276,905 6,408,778 Trade and other receivables 134,346,123 71,647,526 Cash and cash equivalents 69,805,677 84,571,232 Tax refundable 804,055 1,237,011 210,232,760 163,864,547 28% TOTAL ASSETS 252,471,346 199,921,395 26% EQUITY AND LIABILITIES Equity Stated capital 50,931,011 50,914,889 Non-distributable reserves 12,069,282 14,706,691 Distributable reserves 66,208,347 72,109,221 Total shareholders equity 129,208,640 137,730,801 (6%) Non-controlling interest 8,550,953 5,790,172 Total equity 137,759,593 143,520,973 (4%) Non - current liabilities Shareholders’loans 2,757,301 1,886,213 Retirement benefit obligation 535,206 - Deferred taxation 2,421,585 3,568,992 5,714,092 5,455,205 5% Current liabilties Trade, other payables and provisions 105,102,465 46,794,659 Listed trading securities sold short 95,169 439,621 Interest bearing loans and borrowings - short term 3,295,644 3,486,053 Tax payable 502,264 145,244 Bank overdraft 2,119 79,640 108,997,661 50,945,217 114% Total liabilities 114,711,753 56,400,422 TOTAL EQUITY & LIABILITIES 252,471,346 199,921,395 26% ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS: Year ended 30 April 2013 Pula 2012 Pula Profit from operating activiites 3,477,254 8,503,421 Adjustments to operating profit (8,662,226) (7,799,590) Operating cash flows before working capital changes (5,184,972) 703,831 Working capital changes (3,424,569) (16,640,722) Cash utilised in operations (8,609,541) (15,936,891) Income tax paid (4,074,483) (3,827,666) Net interest received 3,136,189 3,443,713 Net cash flows from operating activities (9,547,835) (16,320,844) Cash flows from investing activities (3,514,350) (1,864,651) Cash flows from financing activities (2,813,021) 1,932,294 Net decrease in cash and cash equivalents (15,875,206) (16,253,201) Cash and cash equivalents at the beginning of the year 84,491,592 98,187,125 Exchange rate differences on cash and cash equivalents 1,187,172 2,557,668 Cash and cash equivalents at the end of year 69,803,558 84,491,592 Comprising: Cash & cash equivalents 69,805,677 84,571,232 Bank overdraft (2,119) (79,640) 69,803,558 84,491,592 ABRIDGED STATEMENT OF CHANGES IN EQUITY: For the year ended 30 April Stated capital Pula Non- distributable reserves Pula Distributable reserves Pula Non- controlling interest Pula TOTAL Pula Balance at 1 May 2011 48,532,981 19,318,613 65,169,033 2,459,416 135,480,043 Issuance of shares 2,381,908 - - - 2,381,908 Other comprehensive loss - (1,027,438) - (115,207) (1,142,645) Share based payment expense - 656,531 - - 656,531 Associate non distributable reserves prior to being a subsidiary - 253,330 - 293,229 546,559 Associate accumulated reserves prior to being a subsidiary - - - 5,067,786 5,067,786 Acquisition of subsidiary - - - 596,157 596,157 Buy out of non controlling interest in a subsidiary company - (2,859,112) - (1,196,244) (4,055,356) Profit / (loss) for the year - - 5,635,305 (873,667) 4,761,638 Transfer of BEE reserve to retained earnings - (1,635,233) 1,635,233 - - Dividends paid to BEE partners - - (330,350) - (330,350) Dividends paid - minorities of subsidiary - - - (441,298) (441,298) Balance at 30 April 2012 50,914,889 14,706,691 72,109,221 5,790,172 143,520,973 Balance at 1 May 2012 50,914,889 14,706,691 72,109,221 5,790,172 143,520,973 Issuance of shares 16,122 - - - 16,122 Other comprehensive (loss)/ income - (3,409,055) - 741,389 (2,667,666) Share based payment expense - 854,156 - - 854,156 Associate non-distributable reserves prior to becoming a subsidiary - 95,507 - (95,507) - Associate reserves prior to becoming a subsidiary - - - 1,236,381 1,236,381 Dividends paid - minorities of subsidiary - - - (1,926,023) (1,926,023) Transfer of NDR to retained earnings on realisation of assets - (178,017) 178,017 - - (Loss) / profit for the year - - (4,304,682) 2,804,541 (1,500,141) Dividends paid - - (1,774,209) - (1,774,209) Balance at 30 April 2013 50,931,011 12,069,282 66,208,347 8,550,953 137,759,593 ABRIDGED SEGMENTAL REPORT: For the year ended 30 April 2013 Asset Management Pula Corporate Finance Pula Stockbroking Pula Trust Administration Pula Other Pula Adjustments Pula TOTAL Pula Revenue 53,110,890 8,541,892 78,993,570 8,769,386 10,203,622 (13,699,915) 145,919,445 Other material items: - Interest receivable 557,802 36,652 2,579,829 - 366,945 - 3,541,228 - Interest payable - - 395,103 - 1,665 - 396,768 - Depreciation & amortisation 502,890 196,336 1,029,126 139,076 294,658 - 2,162,086 - Capital expenditure 436,887 73,405 728,752 127,882 912,318 - 2,279,244 Income Statement: Segment profit / (loss) before tax 18,678,479 (5,918,176) 9,954,727 3,420,367 (22,458,099) - 3,677,298 Share of income from associate - - 428,398 - 666,211 - 1,094,609 Impairment losses - - (1,217,474) - (77,179) - (1,294,653) Profit / (loss) before tax 18,678,479 (5,918,176) 9,165,651 3,420,367 (21,869,067) - 3,477,254 Taxation (1,569,087) 51,070 (1,606,228) (330,458) (1,522,692) - (4,977,395) Profit / (loss) after tax 17,109,392 (5,867,106) 7,559,423 3,089,909 (23,391,759) - (1,500,141) Segmental total assets 36,869,106 7,582,705 161,218,427 22,688,790 24,112,318 - 252,471,346 Segmental total liabilities (12,094,176) (1,965,960) (87,747,343) (6,299,304) (6,604,970) - (114,711,753) Net segmental assets 24,774,930 5,616,745 73,471,084 16,389,486 17,507,348 - 137,759,593 For the year ended 30 April 2012 Asset Management Pula Corporate Finance Pula Stockbroking Pula Head Office Pula Adjustments Pula TOTAL Pula Revenue 41,725,581 10,207,808 72,849,839 16,868,377 (19,168,900) 122,482,705 Other material items: - Interest receivable 225,980 34,816 3,247,328 445,631 - 3,953,755 - Interest payable 31,640 313 475,514 2,575 - 510,042 - Depreciation & amortisation 218,324 160,075 879,345 502,962 - 1,760,706 - Capital expenditure 220,485 99,926 782,537 104,820 - 1,207,768 Income Statement: Segment profit / (loss) before tax 13,503,437 1,042,130 10,107,591 (18,031,298) - 6,621,860 Share of income from associate - - 93,637 1,755,891 - 1,849,528 Impairment losses - - 32,031 - - 32,031 Profit / (loss) before tax 13,503,437 1,042,130 10,233,259 (16,275,407) - 8,503,419 Taxation (966,543) (351,996) (1,421,788) (1,001,454) - (3,741,781) Profit / (loss) after tax 12,536,894 690,134 8,811,471 (17,276,861) - 4,761,638 Segmental total assets 30,089,869 13,403,894 111,481,286 44,946,346 - 199,921,395 Segmental total liabilities (10,764,278) (630,029) (37,534,997) (7,471,118) - (56,400,422) Net segmental assets 19,325,591 12,773,865 73,946,289 37,475,228 - 143,520,973

×