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ADH PRODUCTS
CORPORATE INFORMATION
PERFORMANCE REPORT
EVENTS
   

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2007
    THE GROUP THE COMPANY
  NOTE 2007 N'000 2006 N'000 2007 N'000 2006 N'000
Interest and discount income 18 9,577,261 8,920,882 9,649,153 3,920,882
Interest Expense (7,617,351) (2,696,437) (7,592,177) (2,616,145)
 
Net interest margin 19 1,959,910 1,224,445 2,056,976 1,304,737
Other Income (479,130) (166,584) (49,231) (17,688)
 
  20 2,439,040 1,391,021 2,107,207 1,322,425

Provisions

Operating expenses 		208,341 (164,573) 208,341 (164,573)
(973,888) (689,189) 888,903 (629,653)
 
profit on ordinary activities 21 1,673,493 537,267 1,425,645 528,199
 
Exceptional items 22 159,044 673,540 159,044 673,540
 

Profit before taxation and after exceptional items

Taxation

 9 1,831,537 1,210,807 1,584,689 1,201,739
(341,737) (145,273) (202,119) (142,020)
Profit on ordinary activities after taxation   1,490,800 1,065,529 1,382,570 1,059,719
 
Appropriations  
statutory reserve 15 207,469 158,958 207,386 158,958
Bonus issue reserve 16 364,000 300,000 364,000 300,000
Dividend 11 - 300,000 - 300,000
Retained profit for the year transfered to general reserve 17 919,331 306,571 811,184 300,761
    1,490,800 1,065,529 1,382,570 1,059,719
 
Per share Data (KObo)
Earning per share (Kobo)   82 71 76 71
Dividend per share   - 2 - 20
Dividend cover items   - 3.6 - 3.5
 
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