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CLYDESTONE (GHANA) LTD
UNAUDITED CONSOLIDATED FINANCIAL POSITION AS AT JUNE 30, 2012
Company Group Company Group
2012 2012...
CLYDESTONE GHANA LTD
UNAUDITED CONSOLIDATED STATEMENT OF INCOME AND INCOME SURPLUS ACCOUNT
FOR THE THREE MONTH ENDED JUNE ...
STATEMENT OF CHANGES IN EQUITY
FOR THE THREE MONTH ENDED JUNE 30, 2012
COMPANY
INCOME SURPLUS ACCOUNT
Stated Capital Retai...
CLYDESTONE GHANA LTD
UNAUDITED STATEMENT OF CASHFLOWS FOR THE THREE MONTHS
ENDED JUNE 30, 2012
Company Group Company Group...
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Clydestone Ghana Limited HY 2012 results

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Clydestone Ghana Limited HY 2012 results

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Transcript of "Clydestone Ghana Limited HY 2012 results"

  1. 1. CLYDESTONE (GHANA) LTD UNAUDITED CONSOLIDATED FINANCIAL POSITION AS AT JUNE 30, 2012 Company Group Company Group 2012 2012 2011 2011 GH¢ GH¢ GH¢ GH¢ INTANGIBLE ASSETS 458222 458,222 Property,plants and equipments 60,013 73,182 489,532 502,701 Investments 178,493 - 178,493 - 696,728 531,404 668,025 502,701 Current assets Inventories 166,053 166,053 178,007 178,007 Trade accounts receivable 98,196 260,398 393,107 522,313 Other accounts receivable 350,014 702,348 318,096 671,636 Cash and Bank Balance 48,677 48,785 40,869 40,880 662,940 1,177,584 930,079 1,299,662 Total assets 1,359,668 1,708,988 1,598,104 1,812,834 EQUITY Equity holding Stated Capital 554,850 554,850 554,850 554,850 Capital Surplus 140,955 213,037 140,955 213,037 Income Surplus -547,962 -579,308 -459,038 -525,414 Minority Interest - 40,590 - 27,914 Total equity 147,843 229,169 236,767 277,263 LIABILITIES Current liabilities Bank Overdraft 445,006 445,006 593,837 593,837 Trade accounts payable - 157,771 - 4,001 Other accounts payable 911,672 1,021,053 894,032 1,141,474 Short Term Loan - - - - Taxation -223,685 -158,725 -205,363 -164,866 Deferred Tax -19,446 -19,445.00 -19,446 Due to subsidiary company 64,119 - 64,119 - Dividend Payable 34,158 34,158 34,158 34,158 Total liabilities 1,211,825 1,479,819 1,361,337 1,535,571 Total equity and liabilities 1,359,668 1,708,988 1,598,104 1,812,834 0 SIGNED SIGNED PAUL JACQUAYE ROBERT ALLOH DIRECTOR DIRECTOR Capital and reserves attributable to company's
  2. 2. CLYDESTONE GHANA LTD UNAUDITED CONSOLIDATED STATEMENT OF INCOME AND INCOME SURPLUS ACCOUNT FOR THE THREE MONTH ENDED JUNE 30, 2012 Company Group Company Group 2012 2012 2011 2011 GH¢ GH¢ GH¢ GH¢ Revenue 301,651 314,741 486,060 577,409 Cost of Operations -147,849 -147,849 -86,539 -88,954 GROSS OPERATIONS PROFIT 153,803 166,892 399,521 488,455 Directors remuneration - - 0 - Interest / financial charges 3,832 3,832 78,228 77,790 Auditors remuneration - - - - Depreciation 9,904 9,904 22,752 26,714 General & Admonistration Expenses 251,245 251,179 293,453 335,399 264,982 264,916 394,433 439,903 Operating Profit -111,179 -98,024 5,088 48,552 Other Income - - - 11,962 Profit (Loss) before finance income-111,179 -98,024 5,088 60,514 Net Finance Income - - - - Profit (Loss) before tax -111,179 -98,024 5,088 60,514 Corporate taxation 25,571 (22,545) -1,170 0 Profit (Loss) for the year -85,608 -75,478 3,917 60,514 Attributable to: Equity holders 9,803 9,803 Minority Interest -13,723 8,472 Earnings per share (GH¢) -0.030 -0.027 0.001 0.021
  3. 3. STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTH ENDED JUNE 30, 2012 COMPANY INCOME SURPLUS ACCOUNT Stated Capital Retained Capital Surplus Earnings Total GH¢ GH¢ GH¢ GH¢ January 1, Recognised income and expense 554,850 140,955 -454,996 240,809 June 30, - - 5,088 5,088 554,850 140,955 -449,908 245,897 GROUP INCOME SURPLUS ACCOUNT Stated Capital Retained Minority Capital Surplus Earnings Interest Total GH¢ GH¢ GH¢ GH¢ GH¢ January 1, Recognised income and expense554,850 213,037 -506,065 38,488 300,310 June 30, - - -9,803 -8,472 -18,275 554,850 213,037 -515,868 30,016 282,035
  4. 4. CLYDESTONE GHANA LTD UNAUDITED STATEMENT OF CASHFLOWS FOR THE THREE MONTHS ENDED JUNE 30, 2012 Company Group Company Group 2012 2012 2011 2011 GH¢ GH¢ GH¢ GH¢ CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation -111,179 -98,024 5,088 60,514 Reconciliation of profit to net cash flows - - - - from operating activities - - - - Adjustment for Non-Cash Items: - - - - Net interest expense 3,832 3,832 78,228 65,827 Depreciation 9,904 9,904 22,752 26,714 Profit on disposal - - - - Net cash used in operating activities-97,443 -84,287 106,067 153,055 Changes in current assets and Liabilities Inventories 0 0 -11,954 -11,954 Trade account receivable 384,805 343,757 129,070 82,556 Other accounts receivable -169,856 -243,799 -176,792 -213,087 Trade account payable -66,857 -109,068 -115,846 -262,838 Other account payable -4,789 192,615 143,280 313,036 Due from subsidiary company - - - - 143,303 183,505 0 0 Tax Paid Corporate -1,050 -5,006 (5,006.00) (5,006.00) Net cash used in operating activities 44,811 94,212 68,820 55,762 Cash flows from investing activities Capital expenditure 0 0 -56,291 -56,291 Proceed from sale of assets - - - - Interest Income - - - - Net cash used in investing activities 0 0 -56,291 -56,291 Cash flows from financing activities Short Term Loan 0 -7,464 -7,464 -7,464 Interest expense -4,887 -4,887 -79,283 -66,882 Dividend paid-memebers - - - - Net cash provided by financing activities-4,887 -12,351 -86,747 -74,346 INCREASE IN CASH AND CASH EQUIVALENTS39,923 81,861 -74,218 -74,875 Cash and cash equivalents at 1 January,34,974 -478,081 -478,750 -478,081 Cash and cash equivalents at 30 June-396,329 -396,220 -552,968 -552,956 Analysis of balances of cash and cash equivalents as shown in the balance sheet Cash and Bank Balances 48,677 48,786 40,869 40,881 Bank Overdraft -445,006 -445,006 -593,837 -593,837 -396,329 -396,220 -552,968 -552,956

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