Rania Abdul Hai

Gad
Accounting for Manager
bMBA04
Amer Group Holding

Amer Group is a leading

real estate developer,
offering mixed-use, family
oriented destinations. Amer
has diversified business
into primary and secondary
homes, hotels, shopping
malls and restaurants
Egyptian joint stock company
Year of statements 2011
Cpital 2500000 LE
Owners:
1-SOL GLOBAL HOLDING LIMITED ( 35.02
%)
2-Mansour Amer ( 11.85 %)
3-Mohammed Al Amin ( 6.76 %)
4-amer wakfl td ( 25.37 %)

5-Others ( 21.00 %)

Stock statistics
Par Value

0.12 Egyptian Pound

Market Cap.

2,015,439,643.14 Egyptian Pound

Shareholders Equity

2,077,698,245 Egyptian Pound

Book Value

0.68 Egyptian Pound

P/B Ratio

EPS

0.08 Egyptian Pound

P/E Ratio

8.4

Trading Currency

Egyptian Pound

0.12 Egyptian Pound

2,015,439,643.14 Egyptian Pound

2,077,698,245 Egyptian Pound

0.68 Egyptian Pound

0.08 Egyptian Pound

8.4

Egyptian Pound

Amer Group Holding :

INCOME STATEMENT 31/12/2010-31/12/2011

2010
Operation revenue
Operation cost

Gross profit
General & administrative expenses
Selling & marketing expenses
Investment revenue
other operating expenses

Operation profit
other Revenue

Net profit
Tax 20%

Net profit / loss after tax

2011

329,903
173,594

448,499
140,734

156,309

307,764

31,136

31,839

9,381

10,968

6,903

108,889

264,958

1,541

663,287

110,430

928,245

22,086

185,649

88,344

742,596

yasser adly

Amer Group Holding : - Egypt :

BALANCE SHEET FOR 31/12/2010-31/12/2011
2010

Assets
Current Assets
Cash & cash equivalent
Trade receivables
Inventory
Other debit balances

Total current assets

Non current assets
Lands
Buildings
Furniture & Fixture
Motors & Vehicles
Assets under construction

Total non current assets

Total Assets
Liabilities & share holder equities

623,389
215,476
26,216
2,178,799

3,043,880
242,719
101,853
113,258
1,444,183
272,243

2,174,256
5,218,136

current liabilities
Trade payable
Other credit balances
Provision
Short term loans

Total current liabilities

non current liabilities
Other liabilities (long-term)
Loans and credit facilities (long-term)
Notes payable (long-term)

Total non current liabilities

Total liabilities
Shareholder's equity
Capital
Retained profit / Loss
Year profit / Loss
Total shareholder's equity

Total liabilities & shareholder's equity

507
510,056
14,241
376,429

901,233
399,800
357,901
70,507
828,208
1,729,441
2,500,000
900,351
88,344

3,488,695
5,218,136

yasser adly

2011

276,097
412,040
26,216
2,211,193

2,925,546
862,326
777,107
293,391
838,851
112,244

2,883,919
5,809,466

1,262
527,547
18,068
275,017

821,894
404,469
304,366
61,267
770,102
1,591,995
2,500,000
974,874
742,596

4,217,471
5,809,466

yasser adly

Amer Group Holding - Egypt :

INCOME STATEMENT FOR 31/12/2010-31/12/2011
DOLLAR CHANGE AND PERCENTAGE

2010

2011

$ CHANGE

Operation revenue

329,903

448,499

118,596

Operation cost

173,594

140,734

(32,860)

156,309

307,765

151,457

31,136

31,839

703

9,381

14,968

5,587

Finance expenses

6,903

7,583

Operation profit

108,889

253,377

144,487

1,541

663,287

661,747

110,430

916,664

806,234

22,086

183,333

161,247

88,344

733,331

644,987

Gross profit
General & administrative expenses
Selling & marketing expenses
Investment revenue

other Revenue

Net profit
Tax 20%

Net profit / loss after tax

yasser adly

DOLLAR CHANGE AND PERCENTAGE

% CHANGE

35.95%
-18.93%

96.90%
2.26%
59.55%

132.69%

42956.09%

730.09%
730.09%

730.09%

yasser adly

Amer Group Holding Egypt :

INCOME STATEMENT OF 31/12/2010-31/12/2011
TREND PERCENTAGE

SALES

TREND%

NET PROFIT

TREND%

2008

512,870

100.00%

79,000

100.00%

2009

961,317

187.44%

531,000

672.15%

2010

329,903

64.32%

88,344

111.83%

2011

448,499

87.45%

742,596

939.99%

939.99%

1000.00%

TREND %

900.00%

800.00%
672.15%

700.00%
600.00%

500.00%
Series1
400.00%

Series2

300.00%
187.44%
87.45%

2011

200.00%

111.83%
64.32%

100.00%
100.00%

2010

2009

2008

Series1

87.45%

64.32%

187.44%

100.00%

Series2

939.99%

111.83%

672.15%

100.00%

0.00%

yasser adly

Amer Group Holding Egypt :

INCOME STATEMENT

OF 31/12/2010 -31/12/2001
COMPONENT PERCENTAGE 2010-2011

2010

% CHANGE

329,903

Operation revenue
Operation cost

100.00%
52.62%

173,594

Gross profit

156,309

47.38%

General & administrative expenses

31,136

9.44%

Selling & marketing &operating expenses

16,284

4.94%

Operation profit

108,889

33.01%

other Revenue

1,540,519

466.96%

1,649,408

499.97%

329,882

99.99%

1,319,526

399.97%

Net profit
Tax 20%

Net profit / loss after tax

1,649,408
1,540,519

1,319,526

Series1

928,246

Series2
Series3
742,597
Series4

663,287

Expon. (Series1)

329,882

307,765

264,959
185,649

156,309

108,889
10,96816,284

10

140,734

31,83931,136

yasser adly

COMPONENT PERCENTAGE 2010-2011

2011

% CHANGE

448,499

100.00%

140,734

31.38%

307,765

68.62%

31,839

7.10%

10,968

2.45%

264,959

59.08%

663,287

147.89%

928,246

206.97%

185,649

41.39%

742,597

165.57%
1,800,000

1,600,000

1,400,000

1,200,000

1,000,000

800,000

600,000
448,499

329,903 400,000
173,594
140,734

200,000

0
2

yasser adly

RATIOS
1

WORKING CAPITAL

= CURRENT ASSETS - CURRENT LIABILITIES

= 2,103,653

CURRENT RATIOS

= CURRENT ASSETS / CURRENT LIABILITIES

= 3.56

QUICK RATIO

= QUICK ASSETS / CURRENT LIABILITIES

= 3.53

RECEIVABLE TURNOVER

= SALES / AVERAGE OF RECEIVABLE

= 1.43

DAYES TO COLLECT RECEIVABLE

= 365 / RECEIVABLE TURNOVER

= 255

INVENTORY TURNOVER RATE

= COAST OF GOODS SOLD / AVERAGE OF INVENTORY

= 5.37

DAYES TO SELL INVENTORY

= 365 / INVENTORY TURNOVER

= 68

DEBT RATIO

= TOTAL LIABILITIES / TOTAL ASSETS

= 27.40%

INTEREST COVERAGE RATIO

= OPERATING INCOM / ANNUAL INTEREST EXPENSIVE

= 0

10 RETURN ON ASSETS (ROA)

= OPERATING INCOME / AVERAGE TOTAL ASSETS

= 0.05

11 RETURN ON EQUITY (ROE)

= NET INCOME / AVERAGE TOTAL EQUITY

= 0.18

12 GROSS PROFIT RATE

= DOLLAR GROSS PROFIT / NET SALES

= 68.62%

13 OPERATING EXPENSE RATE

= OPERATING EXPENSE / NET SALES

= 31.38%

14 NET INCOME AS A PERCENTAGE OF NET SALES

= NET INCOME / NET SALES

= 165.57%

yasser adly