Question:

Statement of financial position

As at 31 December

In thousands of naira20162015

Assets

Property, plant and equipment14,187,43815,365,655

Intangible assets397,439283,218

Prepayments-23,148

Total non-current assets14,584,87715,672,021

Inventories5,020,9381,936,455

Trade and other receivables4,952,6535,166,194

Prepayments823,169234,118

Cash and cash equivalents3,011,3145,408,217

Total current assets13,808,07412,744,984

Total assets28,392.95128,417,005

Equity

Share capital939,101939,101

Share premium272,344272,344

Other reserves3,436,3483,436,348

Share based payment reserve42,63430,266

Retained earnings6,366,3077,607,238

Total Equity11,056,73412,285,297

Liabilities

Deferred taxation187,708348,294

Employees benefits4,328,2314,131,780

Total non-current liabilities4,515,9394,480,074

Bank overdrafts151,365-

Current tax liabilities102,192547,266

Trade and other payables12,566,72111,104,364

Current liabilities12,820,27811,651,634

Total liabilities17,336,21716,131,708

Total equity and liabilities28,392,95128,417,005

Statement of profit or loss and other comprehensive income

For the year ended 31 December

In thousands of naira20162015

Revenue29,979,41027,825,194

Cost of sales(23,119,007)(18,894,967)

Gross profit6,860,4038,930,227

Other income61,30121,263

Selling and distribution expenses(5,595,702)(5,621,160)

Administrative expenses(2,058,854)(1,909,714)

Result from operating activities(732,852)1,420,616

Finance income187780156,796

Finance cost(17,798)-

Net finance income169,982156,796

(Loss/profit before tax(562,870)1,577,412

Income tax credit /(expense)266,468(424,117)

(Loss)/profit for the year(296,402)1,153,295

Other comprehensive income

Items that will never be reclassified to profit or loss:

Remeasurement gains/(losses) on defined benefit

Obligations276,302(384,392)

Total comprehensive (loss)/income for the year(20,100)768,90

question.

calculate

1. liquidity ratio
2. leverage ratio
3. profitability ratio
4. activity ratio
5. please explain a bit