ar conduct a ratio analysis a) Profitability b] Liquidity b] c) effeciency ) e) Market ration f) f) Laverage e ! In compliance with the requirements of the Securities Act No. 41 of 2016 of the Laws of Zambia and the Listing Requirements of the Lusaka Securities Exchange, the Directors of ZAFFICO are pleased to announce the audited financials for the year ended 31 December 2021. ABRIDGED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 K000 K000 Revenue 366,636 283,347 Cost of sales (115,456 (74,488) Gross Profit 251,180 208,849 Other income 7,805 6,952 Compensation for the felled trees at the Simon Mwansa Kapwewe Airport 134,353 Recognition of fair value of the biological assets 2,210,321 Administrative expenses 1361,1721 192,730) Net finance costl/income 19,5251 2,957 Profit before income taxes 2,098,609 260,381 Income tax expense (223,167) (31,617) Profit for the year 1,875,442 228,764 Other comprehensive Income Re measurement of defined benefit liability & related tax (23,836) (1,143) d) Investor Shareholder Total comprehensive income 1,851,606 227,621 4,69 0.58 Basic earnings per share (ZMW ABRIDGED STATEMENT OF FINANCIAL POSITION AS AT 31/12/2021 K000 31/12/2020 KOOO 2,875,733 730,080 Assets Employed Biological assets Plantations information Property and equipment intangible & other non-current assets Current assets 100,720 99,620 303,332 398,635 Total assets 3,279,785 1228,335 Equity and liabilities Shareholders' funds 2,863,977 1,024,206 Non-current liabilities 270,743 33,225 Current liabilities 145,065 170.904 Total Equity and Liabilities 3,279,785 1,228,335