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Liabilities226.63288860400002219.880506368531.0584692600000449.82592753200000929.07558468178909529.26910187204077129.46390704681048329.66000877848456741.81009802036372542.12967355688081742.86106406203295243.56022191589111363.91226831009738964.59468222038304965.72499309141818566.94405769278326184.17972390089401885.27179384549420186.85398341942676888.466065151782331117.38024860472709119.06014693047959121.27820920147497123.53823878021684145.15129261762695147.31205492162536150.05987851894272152.85971647859668172.34973745226321174.97684421289659178.24275436639448181.57049998011715196.01819429841339199.36230003401542203.08741279771689206.88308316931173219.93860229720838223.70784086708835227.89111365201057232.15364441222206242.60522613377174246.99780811081851251.62145559474396256.33273782283243268.36755362316711273.15532427676374278.27300511046582283.48771434411424294.05286931725141299.4805225514047305.09708759232274310.8201783334931229.36715059478122943.19450427403451466.2757473078015187.586092732458809122.3094032637747151.33922006795612179.76441725369369204.82521604363748229.84441087981961253.78299472001925280.66786054580319307.72844837089758Non-Current LiabilitiesVital Capital Loan0000497.20208405703789513.74147057922426470.14614441640316425.94774934519887380.75937811462768335.04679298406802288.80551293009586242.03102302832409194.92794212264886147.1798770285796898.78027959694007649.722542753016349000000000000000000000000000000000000421.74200938209248239.9990082427022749.226156772918785000000000Director's Account519.91510285800007176.653817084403.62417062895.280570628000021000000000000000000000000000000000000000000000000000000000000Bank OD0000000000000000000000000000000000000000000000000000000000000000Long-term Debt519.91510285800007176.653817084403.62417062895.280570628000021497.20208405703789513.74147057922426470.14614441640316425.94774934519887380.75937811462768335.04679298406802288.80551293009586242.03102302832409194.92794212264886147.1798770285796898.78027959694007649.722542753016349000000000000000000000000000000000000421.74200938209248239.9990082427022749.226156772918785000000000Other Long-term Liabilities0000000000000000000000000000000000000000000000000000000000000000Total Non-Current Liabilities519.91510285800007176.653817084403.62417062895.280570628000021497.20208405703789513.74147057922426470.14614441640316425.94774934519887380.75937811462768335.04679298406802288.80551293009586242.03102302832409194.92794212264886147.1798770285796898.78027959694007649.722542753016349000000000000000000000000000000000000421.74200938209248239.9990082427022749.226156772918785000000000EquityCommon Stock8.5651000000000005E-28.5651000000000005E-28.5651000000000005E-28.5651000000000005E-28.5171711403138714E-28.5738585309890633E-28.6309232136322842E-28.688367699370389E-28.7374558804929003E-28.7868214036443515E-28.8364658357722073E-28.8863907526769897E-28.9461974783411752E-29.0064067121252742E-29.067021162968536E-29.1280435580417749E-29.1892519310714182E-29.2508707387035163E-29.3129027331197489E-29.3753506849566334E-29.4382173834292746E-29.5015056364559439E-29.5652182707834932E-29.6293581321136121E-29.6939280852299275E-29.7589310141259614E-29.8243698221339423E-29.8902474320544789E-29.9565667862871104E-20.100233308469617240.10090542596070860.101582050356028990.102263211876761450.102948940946738090.103639268193798970.104334224451160020.105033840758790260.105738148364798150.106447178726827320.107160963513461550.107879534605639290.108602924098077560.109331164300705520.110064287740107530.110802327160975910.111545315527573550.11229328602520620.113046272061704670.113804307268917010.114567425504210620.115335660851984530.116109047625191748.6025801460764023E-28.8117834681466112E-29.0369172278691901E-29.2820940219628292E-29.5335748556955813E-29.7918690883860779E-20.100571613162306480.103296411367114640.106095032840969310.108969477686132480.111921800193865080.11495411031257598Retained Earnings2221.08854174600043315.89624004000014543.62863736800051913.21842047400012124.94802760373572366.76090448334212600.53772804165562834.88776881842843014.46517740121093197.41430528710913381.0242010663263563.47204256896613809.78021184153574060.55810026947764312.90581733826554565.9755922670724879.12693592623335197.90426949017555517.199248360535836.93695872051746252.41248968215866672.81570159578867094.74515076971517518.12929665078818013.35444664236648524.70413944592299048.84788699565629586.054445568699510187.95256126333210808.82298740021411445.10587999809612097.12399231437312800.83154804641913524.03054287388714264.99401876924315024.09260954713115830.12706899017816658.13492336739417506.27199949901818374.95683629475419284.92858185835220217.84368702412421173.18507001180822151.41731091324623176.14215243193424244.89567152864425338.89952492013626458.67252610353527622.95679676384328815.13494952638630035.20146820431531283.7275668884032806.89654032016783533.55427505284574520.39292203382965778.87691583071967443.34642465789249490.701911150430511976.79383579492614874.6478806662818192.18104317614121931.07704542177826195.48797013919530972.54816283939Total Equity2221.17419274600023315.98189103999994543.71428836800081913.30407147400022125.0331993151392366.84664306865222600.62403727379212834.97465249542213014.5525519600163197.50217350114553381.11256572468393563.56090647649313809.86967381631894060.64816433659874312.99648754989544566.06687270265234879.21882844554425197.99677819756295517.29237738786115837.03071222736716252.50687185599336672.91071665215357094.84080295242267518.22559023210948013.45138592321848524.80172875606339048.94613069387749586.153348043020710188.05212693119410808.92322070868211445.20678542405812097.22557436472912800.93381125829513524.13349181483314265.09765803743715024.19694377158315830.23210283093616658.2406615157617506.37844667774718375.06399725826919285.03646139295620217.95228994822221173.2944011761122151.52737520098523176.25295475909724245.00721684417325339.0118182061626458.78557237559727623.07060107111128815.24951695189230035.31680386516731283.8436759360272806.98256612162873533.6423928875274520.48329120610835778.96973677093967443.44176040644929490.799829841314911976.89440740808814874.75117707764718192.2871382089821931.18601489946426195.5998919393930972.663116949701Total Liabilities & Equity2967.72218420800033712.5162144925478.3969282560012058.41056963400022651.31086805396582909.85721551991723100.23408873700553290.58241061910583437.12202809500743574.67864004209423712.77914271681273849.15215142070844068.7098842490654272.42272358556154477.50176023825414682.73347314845164963.3985523464385283.26857204305725604.14636080728815925.49677737914956369.88712046072036791.97086358263287216.11901215389757641.76382901232598158.60267854084498672.11378367768889199.00600921282069739.013064521617710360.40186438345710983.9000649215811623.44953979045212278.79607434484612996.95200555670813723.49579184884914468.18507083515415231.08002694089616050.17070512814516881.94850238284917734.26956032975818607.2176416704919527.64168752672820464.95009805904221424.91585677085522407.86011302381723444.62050838226424518.16254112093525617.28482331662626742.27328671971227917.12347038836429114.73003950329830340.41389145749131594.6638542695183258.09172609850253816.83590540426394635.98519528682855866.55582950339797565.75116367022389642.139049909270412156.65882466178115079.57639312128418422.13154908880122184.96900961948326476.26775248519331280.391565320599check00000000000000000000000000000000000000000000000000000000000000001460060055858066560310200FalseFalse26R3C4
Cash Flow StatementDate201620172018201920202021-03-31T00:00:00.0002021-06-30T00:00:00.0002021-09-30T00:00:00.0002021-12-31T00:00:00.0002022-03-31T00:00:00.0002022-06-30T00:00:00.0002022-09-30T00:00:00.0002022-12-31T00:00:00.0002023-03-31T00:00:00.0002023-06-30T00:00:00.0002023-09-30T00:00:00.0002023-12-31T00:00:00.0002024-03-31T00:00:00.0002024-06-30T00:00:00.0002024-09-30T00:00:00.0002024-12-31T00:00:00.0002025-03-31T00:00:00.0002025-06-30T00:00:00.0002025-09-30T00:00:00.0002025-12-31T00:00:00.0002026-03-31T00:00:00.0002026-06-30T00:00:00.0002026-09-30T00:00:00.0002026-12-31T00:00:00.0002027-03-31T00:00:00.0002027-06-30T00:00:00.0002027-09-30T00:00:00.0002027-12-31T00:00:00.0002028-03-31T00:00:00.0002028-06-30T00:00:00.0002028-09-30T00:00:00.0002028-12-31T00:00:00.0002029-03-31T00:00:00.0002029-06-30T00:00:00.0002029-09-30T00:00:00.0002029-12-31T00:00:00.0002030-03-31T00:00:00.0002030-06-30T00:00:00.0002030-09-30T00:00:00.0002030-12-31T00:00:00.0002031-03-31T00:00:00.0002031-06-30T00:00:00.0002031-09-30T00:00:00.0002031-12-31T00:00:00.0002032-03-31T00:00:00.0002032-06-30T00:00:00.0002032-09-30T00:00:00.0002032-12-31T00:00:00.000202120222023202420252026202720282029203020312032QuarterQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Year202120212021202120222022202220222023202320232023202420242024202420252025202520252026202620262026202720272027202720282028202820282029202920292029203020302030203020312031203120312032203220322032(Values in GHS '000)LOCAL CURRENCYCash Flow from Operating ActivitiesNet Income5769.76900000000116391.09699999999987167.0640000000021102.730000000001331305.80712837223021327.69829134756041263.04257121480961249.0363826391801935.97411339489463944.12855573677871936.71447109324686919.076630556921831242.56967993731541249.87417649075751240.86817335705221227.22508222865551537.30716009107731546.12580771544251527.13005941580151507.90073302601761993.68036250651541991.67102953322911971.64701500380991951.37677847792022294.28205974286812344.60055496063522376.64651143898662409.0865157428272699.81886478557412756.34322344678462793.72490002765792831.56623423740623044.05617787904883095.52786378663683137.21666552891523179.41808675517953357.44149463217493413.42490001151743459.15906739752063505.45559743982723646.46509583533133699.71360401054063749.0226321298063798.93798059155783953.83320504630914094.05446743086674147.30480702991924201.20993065888984335.79740057660554394.58062983662784451.55361931132674509.22716776697785145.58437357378083735.89377078184184960.53711201378066118.46376024833817908.3751855214759424.61564188531711081.45322249742112456.21879394978213735.48105948104114894.13931256723516396.40241016598517691.158817491538(+) Change in Account Payable180.24799999999999-60.0970000000000011700-2322.165-261.9769616666666300068.569810817632060.474311214826514062.7916317170152072.5713378087563683112.108410857618281.40053013637788133.83576415007331664.254611956821236291.3391586390278012.85162481896963985.42471559110526875.4914197128566116150.033477818972364.69821069152192197.42116281717130737.5124159233993169107.204552407922286.08389333647744488.95740986625355629.067553181282960492.7278242756351577.339927162946310110.36910352335223710.49660549691304864.6868388881040359.857798282041812911.52209415241384211.66377368533380855.54523310027377610.84960175002288512.60340153035986112.75837718134857841.22593060748795312.73347515900036313.5706786190962713.73754823348508646.55122827232116813.39466326391561814.63146032748545614.81137366942857638.06630746811174515.08226610648057415.64299057137623115.835342028351306-261.9769616666666374.40709155823015121.59931710089072105.10691876195932169.6652672510649131.31340879193624120.9334604588467597.73050500789349891.756613562005181.26763261906967389.38872553315081984.626906174319856(+) Change in Other Current Liabilities0000141.7990000000000100000000000000000000000000000000000000000000000141.7990000000000100000000000(-) Change in Account Receivable-1895.422-633.572-7674.46399999999997406.3419999999996-1688.0036666666647000-297.67449415963711-14.187158815943803-14.361950775828518-13.228617088814644-2533.2627096133883-27.053734812203402-27.357009565797853-30.34426921146769-2186.8709491518239-41.460138503156486-41.969946267285195-42.486022798613703-3569.1451822283216-70.748098593514442-71.61804093482715-72.498680378839708-2540.2786948158227-217.66053409310553-220.33696099931331-223.04629814814689-2183.2682217536858-252.63514829367341-255.741634782662-258.88631967110268-1546.0905231305114-281.08092011758708-284.53718535446751-288.03594998753397-1317.0268698436194-307.77234057877286-311.55681247096072-315.38781949841359-998.65316183409959-331.54570798728309-335.62250517605207-339.74943202995564-1117.3419442489467-357.66631613819845-362.06430108271888-366.51636512471305-932.55935531135037-382.49023574792591-387.19346393114029-391.95452458502405-1688.0036666666647-339.45222084022407-2618.0177232028573-2312.7870567208793-3784.0100021355029-3201.3224880563885-2950.5313245011239-2399.7445785901-2251.7438423917665-2005.5708070273904-2203.5889265945771-2094.1975795754406(-) Change in Inventory-2790.788-1615.078-1557.5666858.64400000000022102.9978083333335000-342.8490540881603-2.3715560741327408-13.958158585075807-12.856689043781898-560.54205428809155-7.0026506818894632-19.17882075036664-21.273059784106181-456.69579319513855-14.258124094848426-27.123577955526343-27.457098564283569-750.16738909486094-23.491053457610178-37.105814085856309-37.562079616996925-536.02276203961083-30.419466682387792-44.787049331267553-45.337765906414461-463.63912137817579-36.699635814731664-51.845517616760844-52.483027484566264-323.4341944405196-49.288991410208837-57.610470762069781-58.318868426668814-277.726165501369-54.248008750114423-63.017007651798849-63.791885906744028-206.1296530374384-63.667375795002044-67.853393095481806-68.687741167424974-232.75614136160766-66.973316319576043-73.157301637428645-74.056868347141062-190.33153734055941-75.411330532403554-78.21495285687979-79.1767101417572122102.9978083333335-372.03545779115075-607.99658550445383-525.53459380979689-848.32633625532435-656.56704395968063-604.66730229423456-488.65252503946704-458.7830678100263-406.33816309534723-446.94362766575341-423.13453087159996(+) Depreciation197.137213.47800000000001212.89500000000001204.00399999999999112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.077658536585374.78560975609793184.78560975609756064.78560975609756064.78560975609756064.78560975609756064.78560975609756064.7856097560975606448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415126.4344878048784219.142439024390242Adjustment153.8499999999994520.679000000000087116.54599999999783-487.09899999999999000000000000(+) Other Non-cash ItemsTV:
Interest Capitalised-15458.127007.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169527117.01401545169525860000000000000000000000000000000000014.02803090339054228.05606180678108428.0560618067810847.014015451695258600000000Net Cash Flow from Operating Activities1614.79400000000014316.5069999999996-35.525000000000006-3695.67099999999851712.70096690881771439.77594988414581382.13424520309041368.1280566274609483.112049953009941047.13582604980931030.27766743763851014.6543362213624-1620.03499911826541336.30999512132331317.25978117924181298.9540391781836-895.828749628576591605.33682847299271575.53890932068071555.5266899125625-2063.52107246110972014.20774671021191982.42198133688321960.9060929420682-562.737186168057862214.68210605820472232.55756951124432261.847663406134257.717004465933032586.42602503791112608.58450968817262642.77115111523561351.29595773270722887.09340907746762918.66876210137712956.80470056289551930.31135092404593174.33181096923823209.26630734170613251.11192775260362594.98587010786653429.31165392384133471.19507101395363516.31601416424752762.36400624466113687.59510799310563731.50027439335513780.23368061256183255.75842514890473956.54693941887634006.57380285078084058.71688482464515902.73921862351563575.17987966181952332.48881636048283840.57367807765833894.0147485280546146.35015280752678095.498690307252210113.8628294744511565.02139698759313011.80860920990913961.69306924368215277.596052243205Cash Flow from Investing Activities(-) Purchase of New PP&E-980.90700000000004-2012.7049999999999-7.50-178.64000-259.83999999999997000-470.96000-324.79999999999995000-568.4000-243.59999999999997000-243.59999999999997000-162.39999999999998000-113.67999999999999000-81.199999999999989000-81.199999999999989000-64.959999999999994000-178.64-259.83999999999997-470.96-324.79999999999995-568.4-243.59999999999997-243.59999999999997-162.39999999999998-113.67999999999999-81.199999999999989-81.199999999999989-64.959999999999994(+) Sale/Disposal of PP&E000000000000000Net Cash Flow from Investing Activities-980.90700000000004-2012.7049999999999-7.50-178.64000-259.83999999999997000-470.96000-324.79999999999995000-568.4000-243.59999999999997000-243.59999999999997000-162.39999999999998000-113.67999999999999000-81.199999999999989000-81.199999999999989000-64.959999999999994000-178.64-259.83999999999997-470.96-324.79999999999995-568.4-243.59999999999997-243.59999999999997-162.39999999999998-113.67999999999999-81.199999999999989-81.199999999999989-64.959999999999994Cash Flow from Financing Activities(-) Dividends Paid0000000000000000000000000000000000000000000000000000000000000000(+) Additions to Long-term Debt2483.579000000000201324.97202918.8217300440156000000000000000000000000000000000000000000000002918.821730044015600000000000(-) Repayment of Long-term Debt0-2003.8370-1800-556.214000000000060-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556965800000000000000000000000000000000000-1100.9368909113934-1089.4457818227868-1089.4457818227868-272.3614454556965800000000Adjustments0000000000000000Net Cash Flow from Financing Activities2483.5790000000002-2003.8371324.972-18002362.60773004401560-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.36144545569658000000000000000000000000000000000001817.8848391326221-1089.4457818227868-1089.4457818227868-272.3614454556965800000000Net Increase/(Decrease) in Cash & Cash Equivalents3117.4660000000003299.964999999999691281.9469999999999-5495.67099999999853896.66869695283321439.77594988414581109.77279974739371095.7666111717642-49.089395502686727774.7743805941127757.91622198194182742.29289076566579-2363.35644457396211063.94854966562661044.89833572354521026.592593722487-1492.99019508427321605.33682847299271575.53890932068071555.5266899125625-2631.92107246110982014.20774671021191982.42198133688321960.9060929420682-806.337186168057772214.68210605820472232.55756951124432261.84766340613414.1170044659330642586.42602503791112608.58450968817262642.77115111523561188.89595773270732887.09340907746762918.66876210137712956.80470056289551816.63135092404583174.33181096923823209.26630734170613251.11192775260362513.78587010786673429.31165392384133471.19507101395363516.31601416424752681.16400624466133687.59510799310563731.50027439335513780.23368061256183190.79842514890473956.54693941887634006.57380285078084058.71688482464517541.98405775613722225.8940978390328772.083034537695993243.41223262196223325.6147485280545902.75015280752637851.89869030725199951.462829474450711451.34139698759312930.60860920990913880.49306924368115212.636052243206Opening Cash1020.8754138.34100000000034438.30600000000055720.2530000000006224.581999999999994121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950629992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328689271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.044086731868224.581999999999997766.56605775613759992.460155595172210764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.124919313312Closing Cash4138.34100000000034438.30600000000055720.2530000000006224.582000000002154121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950629992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328689271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556527766.56605775613759992.460155595172210764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931331294514.76097155652CONVERTED CURRENCY(Values in USD '000)Cash Flow from Operating ActivitiesNet Income988.372969238000221094.80769829399991227.732397328000417.597854460000228222.43565577176179227.66994643699766218.02446895407417217.04174724521374163.56065042142703165.91778002679513165.54490843377818163.34548141565114222.32547474636826225.13750344916815225.01955976565006224.04328012209135282.53405579033699286.06019985898251284.44027408325485282.74196340444166376.33577308821145378.47747026151978377.18468102900357375.81011701308046444.8121058876111457.61590143084567466.98108529722185476.52923451845135537.61853676230839552.55480112776138563.80400210865776575.27260758547118622.58992376641959637.36263049590559650.27767876161397663.44424057518529705.28995060830118721.85845701902826736.43544698357846751.29599875061774786.75791498884678803.59943144196347819.77001872089465836.25480600530443876.18784065094212913.34519471329622931.42896985904667949.86224161920052986.864839261983321006.95157786210971026.84575700263081047.1241439501289885.30603944133577658.39773936254676896.559265740836281135.84311785194631507.90173636188821845.6920514739352228.95925353841042573.36540123724222914.53262818430583246.01316294988783670.22974889761054067.3428445264467(+) Change in Account Payable30.876842895999999-10.294736294000002291.21340000000004-397.79150883-44.6260523466889300011.9825139350560998.3353758688523349E-20.493363165869259660.4569982505148261220.0588796503052220.252274880416149480.695579094497415620.7767256652885918816.7867707981224970.527600251911339081.01039697309603141.029679711326291928.3209715689475060.892801507335062361.41970084338532181.446794867276120.7846644290332281.18744590735968011.76001814349012541.793606891324024418.4650155069491331.47141036693624022.09259761570908382.132533416309584213.230167821704232.02969978640555752.3882828120324422.433861563266302811.6682583367280832.29443359908578692.68319307053637022.73439998324295098.89486841524036192.76578527239534512.96739618755297173.024026923227816510.3159688495500022.98822388031813143.28602951904156323.34874115488358378.6642195033881183.45587279717778813.60838931050208123.6772529634620841-45.07355618326170113.11318358611367421.97765927212335819.51224604614630632.35033051499246425.71607416880730324.32494640729244420.19042089682244919.46984185847412317.71138295857705120.00909415741110219.456421415549563(+) Change in Other Current Liabilities000024.1545270105073340000000000000000000000000000000000000000000000024.39674524266975600000000000(-) Change in Account Receivable-324.689579444-108.53215074400001-1314.6510321281268.721197284-287.54032228954622000-52.018355189357415-2.4932006148167334-2.5381777473130169-2.3510932113749452-453.26136929438053-4.8731387760137181-4.9609316937724364-5.5396762219844602-401.91416184994767-7.6708476420289067-7.8172405460297858-7.966427258921323-673.72736205780382-13.444269151096366-13.700843873350575-13.962315149469715-492.50557967972657-42.482682734248577-43.293435806847143-44.119661549779352-434.7571172453774-50.644913498374528-51.611437187264961-52.596406322633946-316.21636549509685-57.873966092880558-58.978451328120691-60.104014912004942-276.6647810444054-65.086554821398948-66.328687401313957-67.594525235719388-215.46847666222567-72.013666719172591-73.387998512834685-74.788558492966288-247.60817531470539-79.792004174440436-81.31478024199626-82.866617453910791-212.25854283671214-87.641843180276922-89.314428080134206-91.018933123903892-290.42373658741639-59.82358935651078-473.17618931357549-429.3501382652376-721.50285220119224-626.93861425509124-593.47938998198958-495.77000633209224-477.79767381600982-437.09200660865986-493.25927910346377-481.47323915768959(-) Change in Inventory-478.06756597600003-276.66609155600003-266.814170932000021174.899434488358.23184482559981000-59.912569675280494-0.41676879344264672-2.4668158293462583-2.2849912525741405-100.29439825152613-1.2613744020807578-3.4778954724870883-3.8836283264429596-83.933853990612405-2.6380012595567375-5.0519848654801569-5.1483985566315553-141.60485784473738-4.4640075366754202-7.0985042169265657-7.233974336380566-103.92332214516604-5.9372295367985117-8.8000907174505816-8.9680344566200549-92.32507753474566-7.357051834681223-10.462988078545349-10.662667081548127-66.150839108521026-10.148498932027742-11.941414060162328-12.169307816331466-58.341291683640435-11.472167995428935-13.415965352681754-13.671999916214997-44.474342076201509-13.828926361976775-14.836980937764958-15.120134616138984-51.579844247750415-14.9411194015902-16.430147595208123-16.743705774417506-43.321097516940746-17.279363985889095-18.041946552510094-18.386264817310579361.82414386421044-65.565917930568375-109.88829636061683-97.561230230731582-161.75165257496229-128.58037084403639-121.62473203646238-100.95210448411214-97.349209292370787-88.556914792884996-100.04547078705536-97.28210707774798(+) Depreciation33.76996237400000236.56920835600000436.46933929000000134.94629320819.0916919752351519.21875977554363519.34667329585934319.47543816500664719.58547193304726319.6961273779922319.80740801223759819.91931736802403220.05337732356766620.18833952246374320.32421003694361520.46099498010567820.59819680274560520.7363186363700420.8753666501405621.01534705458622921.15626610188100921.29813008612301321.44094534361559921.5847182531504221.72945523629229621.87516275766604722.0218473252452422.16951549064284422.3181738494038822.46782904129998222.61848775062599222.77015670649847622.92284268315630423.07655250026320823.23129302321238823.38707116343313823.54389387869955623.70176817344130223.86070109905645624.02069975422645624.18177128523317224.34392288627807224.50716179980357324.67149531681650424.8369307772137521.06762470047155621.07478369029296131.0819906849379061.08924600630410761.09654997844786161.10390292759843331.111305182172627977.13256321164477979.00832469130111281.02692186308070283.22522914384242785.48005978477004987.79598080984642690.17464734782832692.61775937006504595.12706290542375697.70435128813132128.3015509634225464.4010040945230307Adjustment26.3548126999999083.54235405800001519.964562891999631-83.441032898000003000000000000000000000000000000000000000000000000000000000000(+) Other Non-cash Items000-2648.0080713540001001.21074857565624481.21880690586788011.22569301108565831.23261802192896421.23958215820967271.24658564098156741.25497534694004551.26342151686197361.27192453075818681.28048477119704971.2890711006811084000000000000000000000000000000000002.41354520276107384.94447883220586175.07080616575725521.302095017882709500000000Net Cash Flow from Operating Activities276.61744178800012739.42628211400006-6.0855035499999097-633.07583364199968291.74734494686896246.88870621254131238.58189082558977237.7359923160882784.423404435978128184.01990977714547182.08026819343544180.33229821122248-289.86306047872552240.70702619081553238.87244626158974237.13818099025525-164.63992134867388297.01526984567823293.45681229498149291.67216435480134-389.51920914350126382.76012516720607379.24597912572739377.64534064765667-109.10267627195597432.25859782482434438.6694242416595447.4046608940187851.319531338538368518.49207520294181526.44066220918251536.91622430409723276.3757296676622594.44641775766604604.9773892085758616.99185057354839405.49603009568295671.29593597472751683.23468839917564696.78457333615279559.89173595089312744.86654651948743759.01959725765164774.04163513624337612.1527207152501822.66791971805537838.04485523117683854.68265023069364741.03866441802256906.5827934715694924.20167460808705942.5075041545491015.5757441919437630.07421918508828421.57016736760522712.97131956384874742.477621885496091203.6851213534611628.35472527507912089.45147068792542453.98264983982292835.77997579505153125.23564412792483512.4449238010816Cash Flow from Investing Activities(-) Purchase of New PP&E-168.03133091400002-344.78039190999999-1.28476500000000020-30.430149050113396000-45.406810719745501000-84.266023287991189000-59.693380544239922000-107.29365521482399000-47.228817631240197000-48.508393382790793000-33.215091217572116000-23.880494034918552000-17.51963641995582000-17.994297930942484000-14.785455600377697000-30.735298345901768-45.793076327264302-85.120530752745466-60.296482766670529-108.37767895954737-47.705986198616962-48.99848993267571-33.55067441203883-24.121766666722781-17.696643176227912-18.176100351483687-14.93483801180987(+) Sale/Disposal of PP&E0000000000000000000000000000000000000000000000000000000000000000Net Cash Flow from Investing Activities-168.03133091400002-344.78039190999999-1.28476500000000020-30.430149050113396000-45.406810719745501000-84.266023287991189000-59.693380544239922000-107.29365521482399000-47.228817631240197000-48.508393382790793000-33.215091217572116000-23.880494034918552000-17.51963641995582000-17.994297930942484000-14.785455600377697000-30.735298345901768-45.793076327264302-85.120530752745466-60.296482766670529-108.37767895954737-47.705986198616962-48.99848993267571-33.55067441203883-24.121766666722781-17.696643176227912-18.176100351483687-14.93483801180987Cash Flow from Financing Activities(-) Dividends Paid0000000000000000000000000000000000000000000000000000000000000000(+) Additions to Long-term Debt425.442049858000080226.970353544000010497.2020840570378900000000000000000000000000000000000000000000000502.1879572962604900000000000(-) Repayment of Long-term Debt0-343.261285774000040-308.34360000000004-94.7473965727707960-47.014614441640319-47.327527705022106-47.594922264328467-47.863827569152583-48.134252155015986-48.406204605664826-48.731985530662229-49.059959009526573-49.390139798470052-49.72254275301637-50.05595877206324900000000000000000000000000000000000-189.41795679674871-191.99920659416185-196.90462709167522-50.56169089354953200000000Adjustments0000000000000000000000000000000000000000000000000000000000000000Net Cash Flow from Financing Activities425.44204985800008-343.26128577400004226.97035354400001-308.34360000000004402.454687484267080-47.014614441640319-47.327527705022106-47.594922264328467-47.863827569152583-48.134252155015986-48.406204605664826-48.731985530662229-49.059959009526573-49.390139798470052-49.72254275301637-50.05595877206324900000000000000000000000000000000000312.77000049951175-191.99920659416185-196.90462709167522-50.56169089354953200000000Net Increase/(Decrease) in Cash & Cash Equivalents534.0281607320001751.384604430000024219.6000849940001-941.41943364199972663.77188338102269246.88870621254131191.56727638394943190.40846461106617-8.5783285480958398136.15608220799288133.94601603841946131.92609360555764-422.86106929737889191.64706718128895189.4823064631197187.41563823723888-274.38926066497703297.01526984567823293.45681229498149291.67216435480134-496.81286435832521382.76012516720607379.24597912572739377.64534064765667-156.33149390319616432.25859782482434438.6694242416595447.404660894018782.8111379557475757518.49207520294181526.44066220918251536.91622430409723243.16063845009009594.44641775766604604.9773892085758616.99185057354839381.61553606076438671.29593597472751683.23468839917564696.78457333615279542.37209953093725744.86654651948743759.01959725765164774.04163513624337594.15842278430762822.66791971805537838.04485523117683854.68265023069364726.25320881764492906.5827934715694924.20167460808705942.5075041545491297.6104463455536392.28193626366215139.54500952318452602.11314590362861634.099942925948771155.9791351548441579.35623534240342055.90079627588652429.86088317310032818.08333261882353107.05954377644093497.5100857892717Opening Cash174.87792925000002708.90608998200014760.29069441200011979.8907794060002138.471345764000368702.02794996170201953.589115140814781151.50315594020911349.57563342469691348.62223690346261492.39786456828071634.77574021688751775.93811046348421365.02936763082491565.86328459011431765.88408283190011965.18438243909581703.97272527562562012.41403593035812319.36515160131332626.58988935132992147.38970318861492544.54921516385052940.85774625525353338.22309774809583204.27616011086183658.02112894727824121.2195248560014596.25914831460984629.89064144308215179.42858881632495740.60006657528366316.0100587996036601.5228943311147240.23602415151627893.76303569383988563.68675380549769002.72635122212169734.390341893951710482.89928007887611249.97725259605811867.78641592641712692.23276433479813536.36051348487314401.17062474688815091.89653409697716015.76362392306516961.20266806387417929.61917739996418776.09999160878919808.58649325403220865.61524559893638.4713457640003681336.25013943287651761.0279041037451945.56571610107382600.46318578948833305.01777488754944550.54013418596156253.18467324212458478.503716240238611138.07366919018814257.92210415306717751.273160336626Closing Cash708.90608998200014760.29069441200011979.8907794060002138.471345764000368702.02794996170201953.589115140814781151.50315594020911349.57563342469691348.62223690346261492.39786456828071634.77574021688751775.93811046348421365.02936763082491565.86328459011431765.88408283190011965.18438243909581703.97272527562562012.41403593035812319.36515160131332626.58988935132992147.38970318861492544.54921516385052940.85774625525353338.22309774809583204.27616011086183658.02112894727824121.2195248560014596.25914831460984629.89064144308215179.42858881632495740.60006657528366316.0100587996036601.5228943311147240.23602415151627893.76303569383988563.68675380549769002.72635122212169734.390341893951710482.89928007887611249.97725259605811867.78641592641712692.23276433479813536.36051348487314401.17062474688815091.89653409697716015.76362392306516961.20266806387417929.61917739996418776.09999160878919808.58649325403220865.61524559893621948.0377658601391336.25013943287651761.0279041037451945.56571610107382600.46318578948833305.01777488754944550.54013418596156253.18467324212458478.503716240238611138.07366919018814257.92210415306717751.27316033662621729.720517782116
14600600558575665503102006FalseFalse30
Annual Summary20162017201820192020202120222023202420252026202720282029203020312032(Values in GHS '000)INCOME STATEMENTRevenue042013.15800000000347825.92100000000252301.08499999999919946.714656.09599999999815421.22318303610721650.34352875647227152.99794217336236127.44867399889343273.0267679723450226.31953097335655881.61506123949961188.12851304365965914.5046956614171107.53511993927576042.771276707834Gross Profit010245.83100000000211891.07213244.5460000000022538.43500000000138511.32661999999626721.74279961595498645.866485791013510439.72661127222513413.34994266623115913.75761678090918588.74500605145720800.67056851575822861.88999049499424723.43486551197626752.50922106212228702.219871219204EBIT07704.27600000000178551.08100000000019587.2100000000028565.607000000001347011.96696833153335197.17427089934976714.8413517293728165.151099548573310544.50024736196412566.15418918042114775.270963329916608.29172526636818313.97474597472719858.85241675631921861.86988022131123588.21175665539EBITDA07901.41300000000148764.55899999999939800.1050000000032769.611000000001357460.2776024778755645.48490504569147163.15198587571388613.461733694914110992.81088150830513014.46482332676215223.58159747624117056.60235941271118762.28538012106920307.16305090266221988.30436802619123607.354195679782Net Income05769.76900000000116391.09699999999987167.0640000000021102.730000000001335145.58437357378083735.89377078184134960.53711201378346118.46376024834177908.37518552147239424.615641885315211081.45322249742512456.21879394977413735.48105948104614894.1393125672416396.40241016598217691.158817491545BALANCE SHEETCash and Equivalents04138.34100000000034438.30599999999965720.2529999999997224.581999999999997766.56605775613759992.460155595172210764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931331294514.76097155652Inventory06642.43800000000018257.51599999999969815.08200000000032956.4380000000001853.440191666666811225.47564945781761833.47223496227142359.00682877206833207.33316502739263863.90020898707334468.56751128130784957.22003632077495416.00310413080115822.34126722614846269.28489489190186692.4194257635017Account Receivable03517.0094150.581000000000111825.0454418.70300000000046106.70666666666516446.15888750688929064.176610709746511376.96366743062615160.97366956612918362.29615762251721312.82748212364123712.57206071374125964.31590310550727969.88671013289830173.47563672747532267.673216302916Total Assets017324.50400000000121672.34599999999831981.42812016.26718936.71242100838621657.56750152567125650.2581488175631601.46738237215739679.50783514470149235.43688582195360437.82356877821472991.77286773589786819.010540778938101794.41748596524118280.20862166439136055.99434533025Account Payable01114.92699999999991054.832754.83432.66500000000002170.68803833333337245.09512989156352366.69444699245423471.80136575441355641.46663300547846772.7800417974147893.71350225626145991.444007264154951083.200620826161164.46825344522971253.85697897838051338.4838851527004Vital Capital Loan000002451.253009101271361.8072272784832272.36144545569658000000000Other Long-term Loans03035.07900000000021031.2422356.2139999999999556.21400000000006000000000000Total Long-term Debt03035.07900000000021031.2422356.2139999999999556.214000000000062451.253009101271361.8072272784832272.36144545569658000000000Equity012966.42300000000119357.5226524.58399999999911169.18716314.7713735737820050.66514435562225011.20225636940131129.66601661773939038.04120213921148462.65684402452559544.11006652194272000.32886047172485735.809919952764100629.94923252117026.35164268597134717.51046017749Total Liabilities & Equity017324.50400000000121672.34600000000131980.92812016.26718936.71242100838221657.56750152566725650.25814881755331601.46738237215339679.50783514468649235.43688582193960437.823568778272991.77286773588386819.010540778923101794.41748596523118280.20862166435136055.9943453302CASH FLOW STATEMENTNet Cash from Operating Activities01614.79400000000014316.5069999999996-35.525000000000006-3695.67099999999855902.73921862351563575.17987966181952332.48881636048283840.57367807765833894.0147485280546146.35015280752678095.498690307252210113.8628294744511565.02139698759313011.80860920990913961.69306924368215277.596052243205Net Cash from Investing Activities0-980.90700000000004-2012.7049999999999-7.50-178.64-259.83999999999997-470.96-324.79999999999995-568.4-243.59999999999997-243.59999999999997-162.39999999999998-113.67999999999999-81.199999999999989-81.199999999999989-64.959999999999994Net Cash from Financing Activities02483.5790000000002-2003.8371324.972-18001817.8848391326221-1089.4457818227868-1089.4457818227868-272.3614454556965800000000FCFF01614.79400000000014316.5069999999996-35.525000000000006-3695.67099999999855724.09921862351533315.33987966181941861.52881636048283515.77367807765863325.6147485280545902.75015280752637851.89869030725199951.462829474450711451.34139698759312930.60860920990913880.49306924368115212.636052243206RATIOSCovenantsLIQUIDITY RATIOSMin MaxCurrent Ratio1.5NA10.80707965672009713.124503733296778.825558928173979526.12791801035528486.27852929758297872.07036182389644859.0742298212403858.80425096819039555.65663928395086758.82982767639599363.63293590645108170.31105481515469177.42918591029528885.20100014224658592.31107486057898499.7209268592692130100Quick Ratio1NA5.78634801761448616.691332238482255.659536212997517515.96365680416411781.27852929758297867.07036182389644854.07422982124037253.80425096819039550.65663928395086753.82982767639658.63293590645108165.31105481515469172.42918591029528880.20100014224658587.31107486057898494.7209268592692130100Cash Ratio0.5NA3.12799300378986623.45774487684483441.84516552531668010.7721149945335652545.50152508396025340.76972137315048929.3556209493250929.69036641162751927.02177990158195430.06847882619339534.78544179528742641.39384730068545148.45918865964520756.18155038277021263.24654745226781270.6132976421855430100LEVERAGE RATIOSDebt Ratio0.5NA0.175189950604069254.758331193125101E-27.367444630677529E-24.6288418857537039E-20.129444486170780646.2879048036329585E-21.0618273074505181E-20000000000100Debt/Equity Ratio1NA0.189674631793940345.0578941477663036E-28.1584103043136139E-24.7436671888662921E-20.150247463048838216.791830682294546E-21.088957830431108E-20000000000100Interest Coverage Ratio1.5NANMNMNM32.27613558548284146.37918405400775924.06293301317481766.620863521998729NMNANANANANANANANA0100Debt Service Coverage Ratio - 1TV:
Formula used: (EBITDA - changes in WC - Taxes)/ (Interest + repayments)
*WC = changes in total current assets and current liabilities excluding debt part1.5NANANANANANM1.17755393217198741.37211386975580372.1367327287381657NANANANANANANANA0100Debt Service Coverage Ratio - 2TV:
Formula used: (EBITDA - changes in WC - Taxes)/ (Interest + repayments)
*WC = changes in inventory, receivables and payables1.5NANANANANA4.82372004795029512.88266021671653942.020793596846623113.738543434303221NANANANANANANANA0100Debt Service Coverage Ratio - 3TV:
Formula used:(NOPAT)/ (Interest + repayments)
*NOPAT = EBIT - Tax1.5NANANANANA4.23022738909317123.02726405630673154.252368405058282621.911733556224593NANANANANANANANA0100Net Debt/EBITDA2NANMNMNM0.43090860187809099NMNMNMNMNMNMNMNMNMNMNMNM0100Equity Ratio0.6NA0.923634061904456180.940773186253117230.90304904458925350.975793979944020840.861541909221485320.925804116410725690.975085790999042250.985070270312270460.983833805709723670.984304393528800730.985212678923832690.986417044437861380.987523462729198110.988560588269923660.989399266423438120.990162257153069710100PROFITABILITY RATIOSGross Margin Ratio0.25NA0.243871955543070620.248632368208863140.253236543754302660.127260900299297680.580736276563690420.435876111760713670.399340845299169470.384477862573601890.371278638126469380.367752357654795640.370099684381377520.372227440916314540.37363277070357620.375083374739206830.376226080343494360.3774483674033430901Operating Margin Ratio0.18NA0.183377693245530380.178795950421947960.183308051831047152.8355918522863496E-20.47843347698674560.337014399520293940.310149413694548070.30070900888872620.291869496307689550.290392309661153810.294173873405522920.297204934164227110.299306012310389280.301281978958167880.307448005944042650.3101966348756747801Net Income Margin Ratio0.1NA0.137332428093122650.133632491886565010.137034709700573195.1502253505593069E-30.351088337137924140.242256643746097730.229120480486837860.225332899640716870.218902122230767160.217794232245865330.220630405054142190.22290370062317030.224479509232791970.225961484218625940.230586004458031960.2326474761567561301EBITDA Margin0.18NA0.188069961320213090.183259596819891850.187378617479924243.8583374693558402E-20.509022157229174540.366085416055447870.3308562737751230.317219547986511640.304278638126469380.300752357654795630.303099684381377520.305227440916314540.30663277070357620.308083374739206830.309226080343494360.3104483674033431401CASH CONVERSION CYCLEDays of Inventory Outstanding60NA75.27475257833307982.72487133590013390.46960151794300561.1386419037164265050.71236606793408450.75559766115009150.81246163866087150.83362333972373650.84215033480788350.847270317579550.87089982556281650.87274913085915550.88585620243428350.88358120467739850.892330607613737Days of Receivables Outstanding100NA30.13635014059166731.24266357567897181.39441466654086879.749185579569556149.99999999999997150.48204490388554150.71832811896871150.83811109909431151.07489516612117152.76090235584536152.76090235584539152.76090235584539152.76090235584542152.76090235584536152.76090235584542152.76090235584539Days of Payables Outstanding20NA12.63479675202134410.56742439630120625.3923881990678.94743962135227210.00000000000000210.14247321358681710.15111953223001810.16249232773217210.16672466794474710.16843006696157710.169454063515910.17417996511256310.1745498261718310.17717124048685710.17671624093548210.178466121522748Cash Conversion CycleNA92.776305966903408103.4001105152779146.47162798541689131.94038786193371189.99999999999997191.05193775823281191.32280624788879191.488080410023191.74179383790016193.43462262369167193.43871860990899193.45762221629565193.45910166053272193.46958731779279193.46776731958732193.47476684193637GROWTH RATERevenue Growth Rate0.138355774160085829.3571935603707468E-2-0.61861785467739339-0.265237056756255535.2205388326885149E-20.403931664290587470.254160143284015040.330514175669959440.197788062989240570.160684224847136290.112596255968519859.4959915635739245E-27.724335255016368E-27.8784335075488654E-26.9405248662383512E-2Values in USD'000INCOME STATEMENTRevenue07196.93799171600138192.67591914200068959.28046266999993416.90960340000042521.6048093717952717.76959005753683913.0472484861125040.73359754832756888.474725577378474.476263404232710102.68395687090211544.74059444908912983.51300813763614365.33829725270215916.96667594417517482.858235633314Gross Profit01755.1313419620012036.96441574399982268.8172188919998434.838992370000141464.38738795967081184.61084157578811562.63959590603331938.05047938832382557.54351488097023116.5086257565093739.00014384272714297.26924751447684851.0659386963885388.19956780391485988.37798344849586598.8762985838857EBIT01265.78319668200081426.70155464999971620.241123779999796.8896103140001511206.420156534248915.927486427756431213.6293098770321515.79400419086072010.53564848251632460.9227352985792971.94567138454843431.15386831632263886.0435042457434328.01755059985234893.63966519681345423.1237927019311EBITDA01299.55315905600081463.27076300599971656.7104630699998131.835903522000141283.5527197458928994.935811119057581294.65623174011261599.01923333470312096.01570826728632548.71871610842533062.12031873237673523.77162768638753981.17056715116684425.72190188798324921.94121616023595427.5247967964542Net Income0934.398278568000931056.69197548199961205.665273687999617.59785446000015885.306039441336658.3977393625471896.559265740836851135.8431178519471507.90173636188681845.6920514739342228.95925353841132573.36540123724172914.53262818430773246.01316294988963670.22974889761014067.342844526449BALANCE SHEETCash and Equivalents0708.90608998200014760.29069441199999979.8907794059999838.4713457639999991336.25013943287651761.0279041037451945.56571610107382600.46318578948833305.01777488754944550.54013418596156253.18467324212458478.503716240238611138.07366919018814257.92210415306717751.27316033662621729.720517782116Inventory01137.86291427600011414.52900583199991681.3431767640002506.44374227600002146.83575297390615215.97252137017256331.37873653900755437.93046366229413611.54701631887349756.69610033978063898.822086268468521024.12608021818731149.22205439909821268.91497360009611403.33930272901581538.642241854488Account Receivable0602.47067571800005711.002826462000032025.65385859756.932661306000111050.66867057158131136.0431263595911638.24427539543742112.04092891092252890.76554728076833596.02400275228774286.93088185422684898.84719631167175509.36989686656126095.72789148696036754.13942273653637418.6033328740768Total Assets02967.72218420800073712.51621449200055478.48257925599962058.41056963400023258.09172609850293816.83590540426394635.98519528682855866.55582950339897565.75116367022579642.139049909275912156.65882466178515079.57639312128818422.13154908880522184.96900961948626476.26775248520131280.391565320617Account Payable0190.98922495400001180.69448865999999471.9078886600000374.11637983000001429.36715059478122943.19450427403451466.2757473078015187.586092732458809122.3094032637747151.33922006795612179.76441725369369204.82521604363748229.84441087981961253.78299472001925280.66786054580319307.72844837089758Vital Capital Loan00000421.74200938209248239.9990082427022749.226156772918785000000000Other Long-term Loans0519.91510285800007176.653817084403.62417062895.280570628000021000000000000Total Long-term Debt0519.91510285800007176.653817084403.62417062895.280570628000021421.74200938209248239.9990082427022749.226156772918785000000000Equity02221.17419274600023315.98189103999994543.71428836800081913.30407147400022806.98256612162873533.6423928875274520.48329120610835778.96973677093967443.44176040644929490.799829841314911976.89440740808814874.75117707764718192.2871382089821931.18601489946426195.5998919393930972.663116949701Total Liabilities & Equity02967.72218420800033712.5162144925478.3969282560012058.41056963400023258.09172609850253816.83590540426394635.98519528682855866.55582950339797565.75116367022389642.139049909270412156.65882466178115079.57639312128418422.13154908880122184.96900961948326476.26775248519331280.391565320599CASH FLOW STATEMENTNet Cash from Operating Activities0276.61744178800012739.42628211400006-6.0855035499999097-633.075833641999681015.5757441919437630.07421918508828421.57016736760522712.97131956384874742.477621885496091203.6851213534611628.35472527507912089.45147068792542453.98264983982292835.77997579505153125.23564412792483512.4449238010816Net Cash from Investing Activities0-168.03133091400002-344.78039190999999-1.28476500000000020-30.735298345901768-45.793076327264302-85.120530752745466-60.296482766670529-108.37767895954737-47.705986198616962-48.99848993267571-33.55067441203883-24.121766666722781-17.696643176227912-18.176100351483687-14.93483801180987Net Cash from Financing Activities0425.44204985800008-343.26128577400004226.97035354400001-308.34360000000004312.77000049951175-191.99920659416185-196.90462709167522-50.56169089354953200000000
Capital ScheduleDate2021-03-31T00:00:00.0002021-06-30T00:00:00.0002021-09-30T00:00:00.0002021-12-31T00:00:00.0002022-03-31T00:00:00.0002022-06-30T00:00:00.0002022-09-30T00:00:00.0002022-12-31T00:00:00.0002023-03-31T00:00:00.0002023-06-30T00:00:00.0002023-09-30T00:00:00.0002023-12-31T00:00:00.0002024-03-31T00:00:00.0002024-06-30T00:00:00.0002024-09-30T00:00:00.0002024-12-31T00:00:00.0002025-03-31T00:00:00.0002025-06-30T00:00:00.0002025-09-30T00:00:00.0002025-12-31T00:00:00.0002026-03-31T00:00:00.0002026-06-30T00:00:00.0002026-09-30T00:00:00.0002026-12-31T00:00:00.0002027-03-31T00:00:00.0002027-06-30T00:00:00.0002027-09-30T00:00:00.0002027-12-31T00:00:00.0002028-03-31T00:00:00.0002028-06-30T00:00:00.0002028-09-30T00:00:00.0002028-12-31T00:00:00.0002029-03-31T00:00:00.0002029-06-30T00:00:00.0002029-09-30T00:00:00.0002029-12-31T00:00:00.0002030-03-31T00:00:00.0002030-06-30T00:00:00.0002030-09-30T00:00:00.0002030-12-31T00:00:00.0002031-03-31T00:00:00.0002031-06-30T00:00:00.0002031-09-30T00:00:00.0002031-12-31T00:00:00.0002032-03-31T00:00:00.0002032-06-30T00:00:00.0002032-09-30T00:00:00.0002032-12-31T00:00:00.000202120222023202420252026202720282029203020312032QuarterQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Year202120212021202120222022202220222023202320232023202420242024202420252025202520252026202620262026202720272027202720282028202820282029202920292029203020302030203020312031203120312032203220322032(Values in GHS '000)CASH WATERFALLOpening Cash224.581999999999994121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950629992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328689271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.044086731868224.581999999999997766.56605775613759992.460155595172210764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.124919313312Free Cash Flow before Financing1534.06096690881761439.77594988414581382.13424520309041368.1280566274609223.272049953009971047.13582604980931030.27766743763851014.6543362213624-2090.99499911826521336.30999512132331317.25978117924181298.9540391781836-1220.62874962857651605.33682847299271575.53890932068071555.5266899125625-2631.92107246110982014.20774671021191982.42198133688321960.9060929420682-806.337186168057772214.68210605820472232.55756951124432261.84766340613414.1170044659330642586.42602503791112608.58450968817262642.77115111523561188.89595773270732887.09340907746762918.66876210137712956.80470056289551816.63135092404583174.33181096923823209.26630734170613251.11192775260362513.78587010786673429.31165392384133471.19507101395363516.31601416424752681.16400624466133687.59510799310563731.50027439335513780.23368061256183190.79842514890473956.54693941887634006.57380285078084058.71688482464515724.09921862351533315.33987966181941861.52881636048283515.77367807765863325.6147485280545902.75015280752637851.89869030725199951.462829474450711451.34139698759312930.60860920990913880.49306924368115212.636052243206Cash Available for Other Bank Loans1758.64296690881755561.02664683697916943.16089204006958038.92750321183397989.83810770914728764.61248830326089522.528710285201710264.821601050877901.46515647690658965.413706142533610010.31204186607811036.9046355885649543.914440504291610876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556525948.681218623515611081.90593741795611853.98897195565614280.31686821052817333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931328394514.76097155652Other Bank Loans Drawdown/(Repayment)-556.2140000000000600000000000000000000000000000000000000000000000-556.2140000000000600000000000Cash Available for Vital Capital Loan1202.42896690881755561.02664683697916943.16089204006958038.92750321183397989.83810770914728764.61248830326089522.528710285201710264.821601050877901.46515647690658965.413706142533610010.31204186607811036.9046355885649543.914440504291610876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556525392.467218623515711081.90593741795611853.98897195565614280.31686821052817333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931328394514.76097155652Vital Capital Loan Drawdown/(Repayment)2918.82173004401560-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.3614454556967-272.36144545569658000000000000000000000000000000000002374.0988391326223-1089.4457818227868-1089.4457818227868-272.3614454556965800000000Cash Available for Revolver4121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950439992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328679271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556527766.56605775613759992.460155595168510764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931328394514.76097155652Revolver Drawdown/(Repayment)000000000000000000000000000000000000000000000000000000000000Cash available for Dividends4121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950439992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328679271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556527766.56605775613759992.460155595168510764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931328394514.76097155652(-) Dividends000000000000000000000000000000000000000000000000000000000000Closing Cash4121.25069695283315561.02664683697916670.79944658437317766.56605775613757717.47666225345078492.25104284756349250.16726482950439992.46015559517227629.10371102121018693.05226068683629737.95059641038110764.5431901328679271.552995048594310876.88982352158712452.42873284226914007.95542275483111376.03435029372113390.24209700393315372.66407834081717333.57017128288516527.23298511482818741.91509117303220974.47266068427823236.32032409041123250.43732855634525836.86335359425728445.44786328242831088.21901439766232277.1149721303735164.20838120783438082.87714330921241039.68184387210942856.31319479615246030.64500576539349239.91131310709952491.023240859755004.80911096756658434.12076489140661905.31583590536365421.63185006960768102.79585631427571790.39096430738675521.89123870074479302.12491931331282492.92334446222286449.47028388109290456.04408673186894514.760971556527766.56605775613759992.460155595168510764.54319013286814007.95542275483117333.57017128288523236.32032409041131088.21901439766241039.68184387210952491.023240859765421.63185006960779302.12491931328394514.76097155652Vital Capital LoanOpening Balance02918.82173004401562995.97590001266372723.61445455696682451.253009101272178.89156364557311906.53011818987651634.16867273417981361.80722727848321089.4457818227866817.08433636708992544.72289091139328272.361445455696580000000000000000000000000000000000002451.253009101271361.8072272784832272.3614454556965800000000(+) Drawdown2918.8217300440156000000000000000000000000000000000000000000000002918.821730044015600000000000(-) Prepayment000000000000000000000000000000000000000000000000000000000000(-) Repayment - Scheduled00-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.34743000400141-265.347430004001300000000000000000000000000000000000-530.69486000800282-1061.3897200160056-1061.3897200160056-265.347430004001300000000(+) Net PIK (Accrued - Paid)077.154169968647977-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.01401545169525860000000000000000000000000000000000063.126139065257433-28.056061806781084-28.056061806781084-7.014015451695258600000000Closing Balance2918.82173004401562995.97590001266372723.61445455696682451.253009101272178.89156364557311906.53011818987651634.16867273417981361.80722727848321089.4457818227866817.08433636708992544.72289091139328272.361445455696580000000000000000000000000000000000002451.25300910127041361.8072272784832272.361445455696472.7533531010703882E-1400000000Interest Paid00-79.19361139197234-71.994192174520308-64.794772957068275-57.595353739616236-50.395934522164204-43.196515304712179-35.997096087260147-28.797676869808118-21.598257652356089-14.398838434904059-7.199419217452027700000000000000000000000000000000000-151.18780356649265-215.98257652356091-100.79186904432842-7.199419217452027700000000PIK Opening Balance0077.15416996864797770.14015451695270563.12613906525743356.11212361356216149.0981081618668942.08409271017161835.07007725847634628.05606180678107421.04204635508580214.028030903390537.014015451695258600000000000000000000000000000000000063.12613906525743335.0700772584763467.014015451695258600000000(+) PIK Accrued077.154169968647977000000000000000000000000000000000000000000000077.15416996864797700000000000(-) PIK Paid00-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.0140154516952711-7.014015451695258600000000000000000000000000000000000-14.028030903390542-28.056061806781084-28.056061806781084-7.014015451695258600000000PIK Closing Balance077.15416996864797770.14015451695270563.12613906525743356.11212361356216149.0981081618668942.08409271017161835.07007725847634628.05606180678107421.04204635508580214.028030903390537.014015451695258600000000000000000000000000000000000063.12613906525743335.0700772584763467.0140154516952613000000000Off Closing Fees-29.18821730044015800000000000000000000000000000000000000000000000-29.18821730044015800000000000Annual Review Fees000-25.874337318291182000-14.979879500063317000-4.0854216818354496000000000000000000000000000000000000-25.874337318291182-14.979879500063317-4.0854216818354496000000000Prepayment Fees000000000000000000000000000000000000000000000000000000000000Legal & Admin Costs000000000000000000000000000000000000000000000000000000000000Total Cash Flow from Loan-2889.63351274357550351.55505684766905370.22997494850819337.15621841276499329.95679919531295322.75737997786092330.53784026047219308.35854154295686301.15912232550482293.95970310805279290.8457055724362279.5608646731486100000000000000000000000000000000000-2525.286642699115873.46320529922571988.65391277845822251.1339953348540100000000IRR0.12610463500022887MOIC1.2146221153806696Director's AccountOpening Balance556.2140000000000600000000000000000000000000000000000000000000000556.2140000000000600000000000Principal Repayment-556.2140000000000600000000000000000000000000000000000000000000000-556.2140000000000600000000000Closing Balance000000000000000000000000000000000000000000000000000000000000RevolverOpening Balance000000000000000000000000000000000000000000000000000000000000(+) Drawdown000000000000000000000000000000000000000000000000000000000000(-) Repayment000000000000000000000000000000000000000000000000000000000000Closing Balance0000000000000000000000000000000000000000000000000000000000000Interest Paid000000000000000000000000000000000000000000000000000000000000Total Principal Payments556.214000000000060272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.3614454556967272.36144545569658000000000000000000000000000000000001100.93689091139341089.44578182278681089.4457818227868272.3614454556965800000000Total Interest0079.1936113919723471.99419217452030864.79477295706827557.59535373961623650.39593452216420443.19651530471217935.99709608726014728.79767686980811821.59825765235608914.3988384349040597.199419217452027700000000000000000000000000000000000151.18780356649265215.98257652356091100.791869044328427.199419217452027700000000EQUITY SCHEDULEOpening Balance Retained Earnings11168.68712474.49412837222913802.1924197197915065.23499093459916314.2713735737817250.24548696867418194.37404270545119131.08851379869920050.16514435562221292.73482429293722542.60900078369423783.47717414074625010.70225636940126548.00941646047828094.1352241759229621.26528359172231129.16601661773933122.84637912425435114.51740865748437086.16442366129239037.54120213921141331.82326188207743676.42381684271146053.07032828169848462.15684402452551161.97570881009653918.3189322568856712.04383228453759543.61006652194262587.66624440099365683.19410818762868820.41077371654771999.82886047172475357.27035510390178770.69525511542582229.8543225129485735.30991995276489381.77501578809593081.48861979863496830.511251928445100629.44923252104583.2824375663108677.33690499717112824.64171202708117025.85164268597121361.64904326257125756.22967309919130207.7832924105211168.68716129.22411201378122247.68787226211930156.06305778359539580.67869966891250662.13192216632963118.35071611611176853.83177559715191747.971088164384108144.37349833037125835.53231582191125835.53231582191(+) Net Income1305.80712837223021327.69829134756041263.04257121480961249.0363826391801935.97411339489463944.12855573677871936.71447109324686919.076630556921831242.56967993731541249.87417649075751240.86817335705221227.22508222865551537.30716009107731546.12580771544251527.13005941580151507.90073302601761993.68036250651541991.67102953322911971.64701500380991951.37677847792022294.28205974286812344.60055496063522376.64651143898662409.0865157428272699.81886478557412756.34322344678462793.72490002765792831.56623423740623044.05617787904883095.52786378663683137.21666552891523179.41808675517953357.44149463217493413.42490001151743459.15906739752063505.45559743982723646.46509583533133699.71360401054063749.0226321298063798.93798059155783953.83320504630914094.05446743086674147.30480702991924201.20993065888984335.79740057660554394.58062983662784451.55361931132674509.22716776697784960.53711201378066118.46376024833817908.3751855214759424.61564188531711081.45322249742112456.21879394978213735.48105948104114894.13931256723516396.40241016598517691.15881749153800(-) Dividends Paid000000000000000000000000000000000000000000000000000000000000Closing Balance of Retained Earnings12474.49412837222913802.1924197197915065.23499093459916314.2713735737817250.24548696867418194.37404270545119131.08851379869920050.16514435562221292.73482429293722542.60900078369423783.47717414074625010.70225636940126548.00941646047828094.1352241759229621.26528359172231129.16601661773933122.84637912425435114.51740865748437086.16442366129239037.54120213921141331.82326188207743676.42381684271146053.07032828169848462.15684402452551161.97570881009653918.3189322568856712.04383228453759543.61006652194262587.66624440099365683.19410818762868820.41077371654771999.82886047172475357.27035510390178770.69525511542582229.8543225129485735.30991995276489381.77501578809593081.48861979863496830.511251928445100629.44923252104583.2824375663108677.33690499717112824.64171202708117025.85164268597121361.64904326257125756.22967309919130207.78329241052134717.0104601774916129.22411201378122247.68787226211930156.06305778359539580.67869966891250662.13192216632963118.35071611611176853.83177559715191747.971088164384108144.37349833037125835.53231582191125835.53231582191125835.53231582191
136006005585806655031020059FalseFalse28R3C4
PP&E ScheduleDate201620172018201920202021-03-31T00:00:00.0002021-06-30T00:00:00.0002021-09-30T00:00:00.0002021-12-31T00:00:00.0002022-03-31T00:00:00.0002022-06-30T00:00:00.0002022-09-30T00:00:00.0002022-12-31T00:00:00.0002023-03-31T00:00:00.0002023-06-30T00:00:00.0002023-09-30T00:00:00.0002023-12-31T00:00:00.0002024-03-31T00:00:00.0002024-06-30T00:00:00.0002024-09-30T00:00:00.0002024-12-31T00:00:00.0002025-03-31T00:00:00.0002025-06-30T00:00:00.0002025-09-30T00:00:00.0002025-12-31T00:00:00.0002026-03-31T00:00:00.0002026-06-30T00:00:00.0002026-09-30T00:00:00.0002026-12-31T00:00:00.0002027-03-31T00:00:00.0002027-06-30T00:00:00.0002027-09-30T00:00:00.0002027-12-31T00:00:00.0002028-03-31T00:00:00.0002028-06-30T00:00:00.0002028-09-30T00:00:00.0002028-12-31T00:00:00.0002029-03-31T00:00:00.0002029-06-30T00:00:00.0002029-09-30T00:00:00.0002029-12-31T00:00:00.0002030-03-31T00:00:00.0002030-06-30T00:00:00.0002030-09-30T00:00:00.0002030-12-31T00:00:00.0002031-03-31T00:00:00.0002031-06-30T00:00:00.0002031-09-30T00:00:00.0002031-12-31T00:00:00.0002032-03-31T00:00:00.0002032-06-30T00:00:00.0002032-09-30T00:00:00.0002032-12-31T00:00:00.000202120222023202420252026202720282029203020312032QuarterQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Year202120212021202120222022202220222023202320232023202420242024202420252025202520252026202620262026202720272027202720282028202820282029202920292029203020302030203020312031203120312032203220322032(Values in GHS '000)LANDBeginning Balance000000000000(+) Purchase000000000000(-) Sale or Disposal000000000000(-) Depreciation000000000000Closing Balance000000000000BUILDINGSBeginning Balance4361.54600000000034255.16682926829254148.78765853658484042.40848780487753936.02931707317023829.65014634146293723.27097560975563616.89180487804833510.5126341463413404.13346341463383297.75429268292653191.37512195121923084.99595121951192978.61678048780462872.23760975609732765.858439024392659.47926829268272553.10009756097542446.72092682926812340.34175609756082233.96258536585362127.58341463414632021.2042439024391914.82507317073171808.44590243902441702.06673170731711595.68756097560981489.30839024390251382.92921951219521276.55004878048791170.17087804878071063.7917073170734957.41253658536607851.03336585365878744.65419512195149638.2750243902442531.89585365853691425.51668292682962319.13751219512233212.75834146341501106.379170731707693.694822225952521E-130000004361.54600000000033936.02931707317023510.5126341463413084.99595121951192659.47926829268272233.96258536585361808.44590243902441382.9292195121952957.41253658536607531.89585365853691106.379170731707690(+) Purchase000000000000000000000000000000000000000000000000000000000000(-) Sale or Disposal000000000000000000000000000000000000000000000000000000000000(-) Depreciation-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-106.37917073170732-3.694822225952521E-13000000-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-425.51668292682928-106.379170731707690Closing Balance4255.16682926829254148.78765853658484042.40848780487753936.02931707317023829.65014634146293723.27097560975563616.89180487804833510.5126341463413404.13346341463383297.75429268292653191.37512195121923084.99595121951192978.61678048780462872.23760975609732765.858439024392659.47926829268272553.10009756097542446.72092682926812340.34175609756082233.96258536585362127.58341463414632021.2042439024391914.82507317073171808.44590243902441702.06673170731711595.68756097560981489.30839024390251382.92921951219521276.55004878048791170.17087804878071063.7917073170734957.41253658536607851.03336585365878744.65419512195149638.2750243902442531.89585365853691425.51668292682962319.13751219512233212.75834146341501106.379170731707693.694822225952521E-1300000003936.02931707317113510.5126341463413084.99595121951192659.47926829268272233.96258536585361808.44590243902441382.9292195121952957.41253658536596531.89585365853679106.3791707317076300FURNITURE AND EQUIPMENTBeginning Balance37.42799999999999736.51512195121951335.60224390243902834.68936585365854333.77648780487805932.86360975609757431.95073170731708631.03785365853659830.1249756097561129.21209756097562128.29921951219513327.38634146341464526.47346341463415725.56058536585366924.64770731707318123.73482926829269222.82195121951220421.90907317073171620.99619512195122820.0833170731707419.17043902439025218.25756097560976317.34468292682927516.43180487804878715.51892682926829914.60604878048781113.69317073170732312.78029268292683411.86741463414634610.95453658536585810.041658536585379.12878048780488178.21590243902439357.30302439024390546.39014634146341725.4772682926829294.56439024390244093.65151219512195312.73863414634146541.82575609756097770.912878048780489841.9984014443252818E-1500000037.42799999999999733.77648780487805930.1249756097561126.47346341463415722.82195121951220419.17043902439025215.51892682926829911.8674146341463468.21590243902439354.56439024390244090.912878048780489840(+) Purchase000000000000000000000000000000000000000000000000000000000000(-) Sale or Disposal000000000000000000000000000000000000000000000000000000000000(-) Depreciation-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-0.91287804878048784-1.9984014443252818E-15000000-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-3.6515121951219514-0.912878048780489840Closing Balance36.51512195121951335.60224390243902834.68936585365854333.77648780487805932.86360975609757431.95073170731708631.03785365853659830.1249756097561129.21209756097562128.29921951219513327.38634146341464526.47346341463415725.56058536585366924.64770731707318123.73482926829269222.82195121951220421.90907317073171620.99619512195122820.0833170731707419.17043902439025218.25756097560976317.34468292682927516.43180487804878715.51892682926829914.60604878048781113.69317073170732312.78029268292683411.86741463414634610.95453658536585810.041658536585379.12878048780488178.21590243902439357.30302439024390546.39014634146341725.4772682926829294.56439024390244093.65151219512195312.73863414634146541.82575609756097770.912878048780489841.9984014443252818E-15000000033.77648780487804530.12497560975610626.47346341463415722.82195121951220419.17043902439025215.51892682926830111.8674146341463488.21590243902439534.56439024390244260.912878048780489500MOTOR VEHICLESBeginning Balance17.57191.42439024390242186.63878048780487181.85317073170731177.06756097560975432.12195121951214427.33634146341456422.55073170731697417.76512195121938883.93951219512178879.15390243902425874.36829268292672869.582682926829191189.59707317073161184.81146341463411180.02585365853661175.2402439024391738.85463414634161734.06902439024411729.28341463414651724.4978048780491963.31219512195141958.52658536585391953.74097560975631948.95536585365882187.76975609756122182.98414634146372178.19853658536612173.41292682926862331.02731707317122326.24170731707362321.45609756097612316.67048780487862425.56487804878092420.77926829268342415.99365853658582411.20804878048832487.62243902439062482.83682926829312478.05121951219552473.2656097560982549.68000000000032544.89439024390282540.10878048780522535.32317073170772595.49756097561022590.71195121951272585.926341463415217.57177.06756097560975417.76512195121938869.582682926829191175.2402439024391724.4978048780491948.95536585365882173.41292682926862316.67048780487862411.20804878048832473.2656097560982535.3231707317077(+) Purchase178.64000259.83999999999997000470.96000324.79999999999995000568.4000243.59999999999997000243.59999999999997000162.39999999999998000113.6799999999999900081.19999999999998900081.19999999999998900064.959999999999994000178.64259.83999999999997470.96324.79999999999995568.4243.59999999999997243.59999999999997162.39999999999998113.6799999999999981.19999999999998981.19999999999998964.959999999999994(-) Sale or Disposal000000000000000000000000000000000000000000000000000000000000(-) Depreciation-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-4.7856097560975606-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242-19.142439024390242Closing Balance191.42439024390242186.63878048780487181.85317073170731177.06756097560975432.12195121951214427.33634146341456422.55073170731697417.76512195121938883.93951219512178879.15390243902425874.36829268292672869.582682926829191189.59707317073161184.81146341463411180.02585365853661175.2402439024391738.85463414634161734.06902439024411729.28341463414651724.4978048780491963.31219512195141958.52658536585391953.74097560975631948.95536585365882187.76975609756122182.98414634146372178.19853658536612173.41292682926862331.02731707317122326.24170731707362321.45609756097612316.67048780487862425.56487804878092420.77926829268342415.99365853658582411.20804878048832487.62243902439062482.83682926829312478.05121951219552473.2656097560982549.68000000000032544.89439024390282540.10878048780522535.32317073170772595.49756097561022590.71195121951272585.92634146341522581.1407317073176177.06756097560975417.7651219512195869.582682926829081175.24024390243881724.49780487804881948.95536585365862173.41292682926862316.67048780487862411.20804878048832473.2656097560982535.32317073170772581.1407317073176COMPUTERS & PRINTERSBeginning Balance000000000000000000000000000000000000000000000000000000000000(+) Purchase000000000000000000000000000000000000000000000000000000000000(-) Sale or Disposal000000000000000000000000000000000000000000000000000000000000(-) Depreciation000000000000000000000000000000000000000000000000000000000000Closing Balance000000000000000000000000000000000000000000000000000000000000Total CAPEX178.64000259.83999999999997000470.96000324.79999999999995000568.4000243.59999999999997000243.59999999999997000162.39999999999998000113.6799999999999900081.19999999999998900081.19999999999998900064.959999999999994000178.64259.83999999999997470.96324.79999999999995568.4243.59999999999997243.59999999999997162.39999999999998113.6799999999999981.19999999999998981.19999999999998964.959999999999994Total Depreciation112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.07765853658537112.077658536585374.78560975609793184.78560975609756064.78560975609756064.78560975609756064.78560975609756064.78560975609756064.7856097560975606448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415448.3106341463415126.4344878048784219.142439024390242
136006005585757755031020059FalseFalse30R3C4
AssumptionsDate2021-03-31T00:00:00.0002021-06-30T00:00:00.0002021-09-30T00:00:00.0002021-12-31T00:00:00.0002022-03-31T00:00:00.0002022-06-30T00:00:00.0002022-09-30T00:00:00.0002022-12-31T00:00:00.0002023-03-31T00:00:00.0002023-06-30T00:00:00.0002023-09-30T00:00:00.0002023-12-31T00:00:00.0002024-03-31T00:00:00.0002024-06-30T00:00:00.0002024-09-30T00:00:00.0002024-12-31T00:00:00.0002025-03-31T00:00:00.0002025-06-30T00:00:00.0002025-09-30T00:00:00.0002025-12-31T00:00:00.0002026-03-31T00:00:00.0002026-06-30T00:00:00.0002026-09-30T00:00:00.0002026-12-31T00:00:00.0002027-03-31T00:00:00.0002027-06-30T00:00:00.0002027-09-30T00:00:00.0002027-12-31T00:00:00.0002028-03-31T00:00:00.0002028-06-30T00:00:00.0002028-09-30T00:00:00.0002028-12-31T00:00:00.0002029-03-31T00:00:00.0002029-06-30T00:00:00.0002029-09-30T00:00:00.0002029-12-31T00:00:00.0002030-03-31T00:00:00.0002030-06-30T00:00:00.0002030-09-30T00:00:00.0002030-12-31T00:00:00.0002031-03-31T00:00:00.0002031-06-30T00:00:00.0002031-09-30T00:00:00.0002031-12-31T00:00:00.0002032-03-31T00:00:00.0002032-06-30T00:00:00.0002032-09-30T00:00:00.0002032-12-31T00:00:00.000202120222023202420252026202720282029203020312032QuarterQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Year20162017201820192020202120212021202120222022202220222023202320232023202420242024202420252025202520252026202620262026202720272027202720282028202820282029202920292029203020302030203020312031203120312032203220322032XINCOME STATEMENT ASSUMPTIONSVehicle Capacity Utilization0.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.951111111111111111111111111111Conservative0.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.81111111111111111111111111111Base0.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.950.951111111111111111111111111111Aggressive111111111111111111111111111111111111111111111111Number of weeks131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313Conservative131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313Base131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313Aggressive131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313131313