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Reviewed Abridged Financial Results for the year ended 30 June 2013

Salient Features Revenue Operating profit Profit before tax Basic earnings per share (cents) Headline earnings per share (cents) Directors Responsibility The directors of Colcom Holdings Limited are responsible for the preparation and fair presentation of the Groups consolidated financial statements, of which this press release represents an extract. These financial statements have been prepared in accordance with International Financial Reporting Standards and in the manner required by the Companies Act (Chapter 24:03). The principal accounting policies of the Group are consistent with those applied in the previous year. Audit Statement The Groups external auditors, Ernst & Young, have issued an unmodified review conclusion on the financial statements of the Group for the year ended 30 June 2013. The audit of the Group financial statements is complete pending the finalisation of the annual report; no changes are expected on the reviewed numbers. The unmodified review report is available for inspection at the Companys registered office. Financial Colcom recorded a disappointing result for the year. Whilst the Group recorded a growth in revenue of 15% over the prior year, this was mainly attributable to low margin product lines where thin margins were further affected by raw material price increases not passed on to the consumer. As advised in the interim report, a number of processes were embarked upon during the year in response to both a compromised control and governance environment as well as a number of equipment failures that occurred within the core pork operation. In addition to the provisions of USD 1.3 million reported at the half-year, a further USD 1.1 million of cost provisions were processed in the second half of the year, emanating mainly from stock and retrenchment charges; whilst a critical review of the Groups fixed assets resulted in an impairment and de-recognition charge of USD 1.5 million. These factors contributed to profit before tax reflecting a reduction of 65% over prior year. In spite of the above, the Group generated USD3.7 million from operations and remains net cash positive after investing USD 2.8 million in fixed assets during the year, primarily directed towards backup generator power and new retail space for both the Colcom operations and those of its subsidiary Associated Meat Packers (Private) Limited (AMP). Operational Pork business The Triple C Pigs livestock division delivered 57,646 pigs (F2012: 56,721) during the year representing 4,490 tonnes of raw input product; this was a 6% increase on prior year. Key production statistics show positive trends over prior year; however the cost and availability of maize for stock feeds remains a challenge. The genetic upgrade programme remains on line. The Colcom factory suffered a 5% reduction in overall volumes processed over the prior year, primarily as a result of equipment failure. In addition, the increased costs of operating and maintaining an ageing plant were unfavourable. The Colcom pie plant increased production by 38% over prior year, albeit at the cost of margin and additional overhead. On the positive side, a number of product lines have now been re-engineered, and this has resulted in an improvement in product quality. In addition, a process to rationalise the operations product listing has also taken place, and this has allowed for better production efficiencies through the factory. Other business The Groups subsidiary company, AMP, achieved volume growth of 57% over the prior year, which translated to a 19% growth in profitability, limited by the pre-operating costs incurred in expanding the operations retail footprint. Four new stores built under the Texas brand were opened during the year, bringing the current total outlets to eight, with a further four units currently being developed. Colcoms associated company Freddy Hirsch Zimbabwe (Pvt) Ltd recorded a decline in contribution to Group profits primarily as a result of significant equipment sales undertaken in the prior year and which were not repeated in the current year. Future prospects The challenges of operating an aging facility have been addressed in part through the commitment to and contracting of USD 1.4 million of factory equipment expected to be commissioned before December 2013. This equipment will provide adequate capacity in emulsification, cooking, cooling and packaging to produce the appropriate quantity and quality of product that is expected to be delivered into the target market into the foreseeable future. A further commitment to modernise the Colcom pie facility has been made with investigations as to plant make-up in the final stages. The Group will continue to invest in maintaining infrastructure to supply quality water, steam and the refrigeration required to support the operation, whilst investigations to modernise the facility are at an early stage. During the year under review, management have made the decisions necessary to ensure that Colcom carries forward quality assets in the balance sheet and has a clear commitment to achieving the objectives defined in the Groups revised strategy; as a result, a significant improvement in overall results is expected in the forthcoming year. Dividend In light of the Groups performance in the year under review, and the requirements to invest in restoring infrastructure and operational capacity to the plant, the Directors recommend no dividend in respect of the year ended 30 June 2013. USD 60 782 481 4 807 631 2 249 054 0.87 1.88 15% 33% 65% 70% 34%

By order of the Board R E Davenport Chairman 16 August 2013

30 June 2013 30 June 2012 30 June 2013 30 June 2012 reviewed audited reviewed audited USD USD USD USD Cash generated from operating activities 4 689 003 7 079 094 Revenue 60 782 481 52 847 772 Net interest (paid)/received (16 104) 88 033 Operating profit before depreciation 4 807 631 7 223 793 Taxation paid (1 016 215) (1 186 059) Impairment and derecognition of plant and equipment (1 556 143) Total cash available from operations 3 656 684 5 981 068 Depreciation (1 603 612) (1 205 211) Investing activities (2 674 459) (2 611 554) Dividends paid (1 047 491) (1 726 675) Operating profit before interest and fair value adjustments 1 647 876 6 018 582 Net cash flow before financing activities (65 266) 1 642 839 Fair value adjustments 384 384 (50 120) Financing activities 741 680 (1 565 814) Operating profit before interest and tax 2 032 260 5 968 462 Net increase in cash and cash equivalents 676 414 77 025 Interest income 197 166 226 132 Cash and cash equivalents at the beginning of the year 4 222 570 4 145 545 Interest expense (213 270) (138 099) Cash and cash equivalents at the end of the year 4 898 984 4 222 570 Equity accounted earnings 232 898 382 603 Supplementary Information Profit before tax 2 249 054 6 439 098 For the year ended 30 June 2013 Taxation (620 639) (1 619 257) 1 Corporate information 30 June 2013 30 June 2012 The company is incorporated and domiciled in Zimbabwe. reviewed audited Profit for the year 1 628 415 4 819 841 USD USD Other comprehensive income - 2 Depreciation 1 603 612 1 205 211 Total comprehensive income for the year 1 628 415 4 819 841 3 Capital expenditure for the year 2 825 596 3 158 111 Total comprehensive income attributable to: 4 Commitments for capital expenditure Equity holders of the parent 1 378 782 4 558 082 Contracts and orders placed 2 436 518 1 043 844 Authorised by directors but not contracted 5 448 548 5 251 137 Non-controlling interests 249 633 261 759 7 885 066 6 294 981 5 Earnings per share 1 628 415 4 819 841 Profit for the year attributable to equity holders of the parent 1 378 782 4 558 082 Earnings per share Basic earnings per share 0.87 2.87 Number of shares used in calculating earnings per share Headline earnings per share 1.88 2.87 Shares in issue 159 040 884 (2012: 159 040 884) Weighted average shares in issue 159 040 884 (2012:159 040 884) Abridged Consolidated Statement of Financial Position Basic earnings per share As at 30 June 2013  Basic earnings per share is calculated by dividing the net profit for the year attributable to ordinary equity 30 June 2013 30 June 2012 holders of the parent by the weighted average number of ordinary shares in issue during the year. reviewed audited USD USD Headline earnings per share  Headline earnings per share is calculated by dividing the headline earnings for the year attributable to ordinary ASSETS equity holders of the parent by the weighted average number of ordinary shares in issue during the year. Non-current assets Property, plant and equipment 15 497 662 16 080 595 30 June 2013 30 June 2012 Investments 1 301 929 1 151 841 reviewed audited Deferred tax asset 36 077 185 837 The headline earnings are calculated as follows: USD USD Biological assets 1 258 838 1 236 713 Other non-current financial assets 324 473 465 816 Profit for the year attributable to ordinary equity holders of the parent 1 378 782 4 558 082 18 418 979 19 120 802 Loss on disposal of plant and equipment 51 232 18 716 Current assets Impairment and derecognition of plant and equipment 1 556 143 Biological assets 1 626 843 1 212 183 Profit on disposal of investments - (16 259) Inventories 7 241 504 7 431 518 Headline earnings 2 986 157 4 560 539 Accounts receivable 5 071 996 3 809 428 Cash and cash equivalents 4 898 984 4 222 570 6 Future lease commitments - Group as lessee 18 839 327 16 675 699  The Group has entered into commercial leases on certain properties. These leases have an average life of between three and five years with renewal options included in some of the contracts. There are no restrictions Total assets 37 258 306 35 796 501 placed upon the Group by entering into these leases. Future minimum rentals payable under non-cancellable operating leases at 30 June are as follows: EQUITY AND LIABILITIES 30 June 2013 30 June 2012 Capital and reserves reviewed audited Share capital 1 590 409 1 590 409 USD USD Non-distributable reserves 8 972 075 8 972 075 Distributable reserves 15 260 719 14 836 182 Payable within 1 year 315 100 153 240 25 823 203 25 398 666 Payable within 2-5 years 788 173 324 460 Non-controlling interests 909 176 587 517 Payable within 6-10 years 281 200 1 384 473 477 700 Total shareholders equity 26 732 379 25 986 183 7 Segment analysis Non-current liabilities 30 June 2013 Deferred tax liability 2 917 213 3 099 485 Business Segments Pork Beef Other Eliminations Group Interest bearing borrowings - 435 020 USD USD USD USD USD 2 917 213 3 534 505 Revenue Inter - segment sales 667 595 1 304 840 - (1 972 435) Current liabilities External Sales 46 927 501 13 781 360 73 620 - 60 782 481 Interest bearing borrowings 1 440 000 428 572 47 595 096 15 086 200 73 620 (1 972 435) 60 782 481 Accounts payable 5 360 493 4 693 894 Operating profit/(loss) Provisions 736 113 718 175 before depreciation 4 095 305 986 084 (180 139) (93 619) 4 807 631 Current tax liability 72 108 435 172 7 608 714 6 275 813 Depreciation 1 486 369 117 243 - - 1 603 612 Total liabilities 10 525 927 9 810 318 Equity accounted earnings 232 898 - - - 232 898 Total equity and liabilities 37 258 306 35 796 501 Profit/(loss) before taxation 1 663 205 859 607 (180 139) (93 619) 2 249 054 Segment Assets 34 310 231 3 268 066 309 275 (629 266) 37 258 306 Abridged Consolidated Statement of Changes in Equity Segment Liabilities 9 211 751 1 938 079 170 145 (794 048) 10 525 927 For the year ended 30 June 2013 Capital Expenditure 1 928 627 896 969 - - 2 825 596 Attributable to owners of the parent Non-Distributable Distributable Non-controlling Share Capital Reserves Reserves Total Interests Total 30 June 2012 USD USD USD USD USD USD Revenue Inter - segment sales 137 382 1 514 667 - (1 652 049) Balance at 30 June 2011 1 590 409 8 972 075 11 979 837 22 542 321 600 597 23 142 918 External Sales 44 816 888 7 915 546 115 338 - 52 847 772 44 954 270 9 430 213 115 338 (1 652 049) 52 847 772 Disposal of subsidiary - - - - (249 901) (249 901) Operating profit/(loss) before depreciation 6 701 061 777 613 (3 979) (250 902) 7 223 793 Profit for the year - - 4 558 082 4 558 082 261 759 4 819 841 Dividends paid - - (1 701 737) (1 701 737) (24 938) (1 726 675) Depreciation 1 155 218 49 993 - - 1 205 211 Equity accounted earnings 382 603 - - - 382 603 Profit/(loss) before taxation 5 720 494 722 583 (3 979) - 6 439 098 Segment Assets 34 573 740 1 684 662 3 037 662 (3 499 563) 35 796 501 Segment Liabilities 12 285 161 802 573 222 147 (3 499 563) 9 810 318 Capital Expenditure 2 757 198 400 913 - - 3 158 111 8 Events after reporting date  There have been no significant events after reporting date which affect these financial statements as at the time of issuing this press statement. 9 Contingent liabilities There are no contingent liabilities as at 30 June 2013.

Abridged Consolidated Statement of Comprehensive Income For the year ended 30 June 2013

Abridged Consolidated Statement of Cash Flows For the year ended 30 June 2013

Balance at 30 June 2012 1 590 409 8 972 075 14 836 182 25 398 666 587 517 25 986 183 Non-controlling interest arising from purchase of subsidiary - - - - 490 490 Transactions with owners in their capacity as owners - - - - 164 782 164 782 Profit for the year - - 1 378 782 1 378 782 249 633 1 628 415 Dividends paid - - (954 245) (954 245) (93 246) (1 047 491) Balance at 30 June 2013 1 590 409 8 972 075 15 260 719 25 823 203 909 176 26 732 379

DIRECTORS: R. E. Davenport (Chairman), N. R. Adams*, P. Chapendama, C. M. Davenport, B. Fairlie, J. Koumides, T. T. Kumalo*, D. E. Long, J. P. Schonken, C. Tumazos* (*Executive).

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