ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC Ancorporated in the Republic of Zambia Registration number: 119820011972) Share code: ZFCO ISIN: ZMOO00000524 "ZAFFICO' or 'the Company 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 KOOO SU Revenue 366,636 283,347 Cost of sales (115,456) 174,4918) Gross Profit 251,180 208,849 Other ome 7,805 6,952 Compensation for the felled trees at the Simon Mwansa Kapwepwel 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 (223,1671 (31,617) Profit for the year 1,875,442 228, 764 Other comprehensive income Re-measurement of delined benefit liability & related tax (23,836) (1,143) Total comprehensive income 1,851,606 227,621 Basic earnings per Share (ZMW 4.69 0.58 ABRIDGED STATEMENT OF FINANCIAL POSITION AS AT 31/12/2021 KOOO 31/12/2020 KOOO 2,875,733 730,080 Assets Employed Biological assets Plantations in formation Property and equipment Intangible & other non-current assets Current assets 100,720 99,620 303,332 398,635 Total assets 3,279,785 1228335 Equity and liabilities Shareholders' funds 2,863,977 1,024,206 270,743 33,225 Non-current liabilities Current liabilities 145,065 170.904 Total Equity and Liabilities 3,279,785 1,228,335 a conduct analysis financial statement for this com company