Beco Petroleum products Plc
Balance Sheet as at 31st July, 2009
Fixed assets
3,133,448,360
2,231,245,817
Investments
4,210,099
21,734,000
Stock
242,030,351
141,497,000
Debtors and prepayments
469,570,457
322,993,000
Cash and Bank
3,193,021
3,284,000
Total Assets
3852452288
2720753817
Bank overdrafts and loans
308,091,743
279,707,000
Creditors and accruals
12,662,575
90,437,000
Taxation
128,486,882
97,708,326
Deferred tax account
93,979,693
93,979,693
Total Liabilities
563220893
561832019
Net Assets
3289231395
2158921798
Paid-up share capital
1,858,488,290
10,000,000
Deposit for share
1,645,662,100
Bonus issue Reserve
184,239,000
Capital Reserve
183,858,000
183,858,000
Profit and loss account
291,972,796
135,162,698
Shareholders' Funds
3289231395
2158921798
For the year ended 31 July 2009
Gross Income
3995384089
3397579000
Gross profit
653,426,884
401,097,000
Profit before taxation
216,718,385
261,292,717
Profit after taxation
176,810,098
135,162,698
Earnings per share (kobo)- Adjusted
5
4
Dividend per share (kobo)-Adjusted
1
For the period ended 31 July 2009
Cash flows from operating activities
Net profit
216,718,385
261,292,717
Depreciation
101,121,343
35,611,283
Profit on sale of fixed assets
-23,200,000
Dimunition in investment
17,524,031
Operating cash flow before changes in operating assets
335363759
273704000
Increase/(decrease) in operating assets/liabilities stock
973,208,343
1,023,425,824
Debtors
927,164,367
780,107,824
Creditors
995,967,399
81,761,000
Net cash from operating activities
1348665
11515000
Cash flows from investing activities
Purchase of fixed Assets
-1,003,323,886
-1,839,979,100
Purchase of investments
1,064,307,824
Proceed from sale of fixed assets
23,201,000
Cash flows from financing activities
Share capital
1,848,488,290
Share premium account
954,912,309
Deposit for shares
-1,645,662,100
1,625,662,100
Bonus issue reserve account
889,502,824
Net Increase in cash and cash equivalents
1,045,266,102
869,706,824
Bank and cash balances at 1 August
797,318,824
1,001,353,824
Bank and cash balances as at 31 July
-304898722
-276423000
Cash and Bank Balances
3,193,021
3,284,000
Bank overdraft
765,650,081
794,034,824
Investment Valuation Ratios
Return On Net Worth(%)
0.05%
Liquidity And Solvency Ratios
Long Term Debt Equity Ratio
Total Assets Turnover Ratio
1
Number of Days In Working Capital
Cash Flow Indicator Ratios