GROSS PROFIT FOR FIVE YEARS

YEAR 2014
CURRENT ASSETS
Stores spares and lose tools

788,141

Stock and trade

3,697,787

Trade debts

95,962

Advance deposits and prepayments

113,501

Other receivable

2,865,607

Deferred employee share option compensation expense

Taxes recoverable

90,430

1,637,018

Short term investments

Cash and bank balances

197,106

Gross profit
9,485,552
>NET WORKING CAPITAL FOR YEAR 2014: CURRENT ASSETSCURRENT LAIBILITIES
NWC: 9,485,552-7,456,701=2,028,851
>CURRENT RATIO= CURRENT ASSETS / CURRENT LAIBILITIES
CR=9,485,552/7,456,701=1.27: 1

>QUICK RATIO= CURRENT ASSETS-INVENTORIES / CURRENT

LAIBILITIES
QR=9,485,552-3,697,787/7,456,701=0.776

Year 2013
CURRENT ASSETS
Stores spares and lose tools

739,671

Stock and trade

3,199,390

Trade debts

245,767

Advance deposits and prepayments

186,754

Other receivable

2,359,162

Deferred employee share option compensation expense

136,153
Taxes recoverable

636,588

Short term investments

170,000

Cash and bank balances

575,036

Gross working capital

8,248,521
>NET WORKING CAPITAL FOR YEAR 2013: CURRENT ASSETSCURRENT LAIBILITIES
NWC= 8,248,521-4,904,754=3,343,767

>CURRENT RATIO= CURRENT ASSETS / CURRENT LAIBILITIES

CR=8,248,521/4,904,754=1.68: 1
>QUICK RATIO= CURRENT ASSETS-INVENTORIES / CURRENT
LAIBILITIES
QR=8,248,521-3,199,390/4,904,754=1.029

Year 2012
CURRENT ASSETS
Stores spares and lose tools

610,640

Stock and trade

3,494,605

Trade debts

149,074

Advance deposits and prepayments

261,790

Other receivable

1,440,167

Deferred employee share option compensation expense

Taxes recoverable

347,075

Derivative financial instrument

25,787

Short term investments

2,708,750

Cash and bank balances

422,008

Gross working capital

9,459,896

>NET WORKING CAPITAL FOR YEAR 2012: CURRENT ASSETSCURRENT LAIBILITIES

NWC=9,459,896-4,476,747=4,983,149

>CURRENT RATIO= CURRENT ASSETS / CURRENT LAIBILITIES

CR=9,459,896/4,476,747=2.11: 1

>QUICK RATIO= CURRENT ASSETS-INVENTORIES / CURRENT

LAIBILITIES
QR=9,459,896-3,494,605/4,476,747=1.33

Year 2011
CURRENT ASSETS
Stores spares and lose tools

571812

Stock and trade

2637816

Trade debts

87121

Advance deposits and prepayments

266093

Other receivable

1160126

Taxes recoverable

1443

Derivatives financial instruments

Short term investments

1294000

Cash and bank balances

350728

Gross working capital

6,369,139
>NET WORKING CAPITAL FOR YEAR 2011: CURRENT ASSETSCURRENT LAIBILITIES
NWC=6,369,139-3,480,987=2,888,192

>CURRENT RATIO= CURRENT ASSETS / CURRENT LAIBILITIES

CR=6,369,139/3,480,987=1.83: 1

>QUICK RATIO= CURRENT ASSETS-INVENTORIES / CURRENT

LAIBILITIES
QR=6,369,139-2,637,816/3,480,987=1.07

Year 2010
CURRENT ASSETS
Stores spares and lose tools

441,841

Stock and trade

2,089,221

Trade debts

51,879

Advance deposits and prepayments

244,209

Other receivable

720,735

Taxes recoverable

9,417

Derivatives financial instruments

510

Short term investments

Cash and bank balances

180,181

Gross working capital

3,737,993

>NET WORKING CAPITAL FOR YEAR 2010: CURRENT ASSETSCURRENT LAIBILITIES

NWC=3,737,993-2,521,517=1,216,476

>CURRENT RATIO= CURRENT ASSETS / CURRENT LAIBILITIES

CR=3,737,993/2,521,517= 1.48: 1

>QUICK RATIO= CURRENT ASSETS-INVENTORIES / CURRENT

LAIBILITIES
QR=3,737,993-2,089,221/2,521,517=0.653

RETURN ON INVESTMENT

Formula: Earning after tax/total assets

2010:

175,622/ 12,460,064

= 0.140 or 1.40%

2011:

890,973/ 16,639,184

= 0.053 or 5.35%

2012:

2,595,173/ 22,201,046

= 0.1168 or 11.68%

2013:

870,372/ 24,340,310

= 0.035 or 3.57

2014:

867,876/ 25,699,714

= 0.033 or3.37%