Sep 30, 2015 - FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 .... foreign exchange gains/(losses) transferred to the inco
ABC TRANSPOER PLC CONSOLIDATED AND SEPARATE INCOME STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 CONTINUING OPERATIONS Revenue Operating costs Gross profit Admistrative expenses Other operating income Interest income Impairment losses Other gains and losses Financing costs Profit before taxation Income tax expenses(provision) Profit from continuing operations
Note 14 16 17 15 18 -
Attributable to: Equity shareholders Non-controlling interests
19 20 11
Group 2015 N,000 5,101,614 (3,830,022) 1,271,592 (1,060,440) 62,065 1,581 (14,152) 112,067 (256,242) 116,471 (126,022) (9,551)
2014 N,000 5,217,194 (4,116,858) 1,100,337 (1,030,633) 61,372 2,090 (4,162) 67,430 (288,361) (91,928) (30,503) (122,431)
Company 2015 N,000 4,618,349 (3,570,454) 1,047,895 (898,506) 61,940 1,579 (14,152) 102,251 (214,278) 86,729 (117,182) (30,453)
2014 N,000 5,102,755 (4,043,487) 1,059,268 (979,147) 61,372 1,679 (4,162) 66,879 (270,100) (64,211) (28,895) (93,106)
(18,965) 9,414 (9,550)
(114,699) (7,732) (122,431)
(30,453) (30,453)
(93,106) (93,106)
Basic earnings per share(kobo)
(0.58)
(7.61)
(0.02)
(6.18)
Diluted earning per share(kobo)
(0.58)
(6.92)
(0.02)
(5.62)
ABC TRANSPOER PLC CONSOLIDATED INCOME STATEMENT FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 CONTINUING OPERATIONS
Revenue Operating costs Gross profit Admistrative expenses Other operating income Interest income Impairment losses Other gains and losses Financing costs Profit before taxation Income tax expenses(provision) Profit from continuing operations Attributable to: Equity shareholders Non-controlling interests
Group N,000 JUL-SEP 2015 1,794,616 (1,360,082) 434,534 (337,230) 19,904 552 12,508 (78,367) 51,902 (102,058) (50,155)
Group N,000 JUL-SEP 2014 1,684,212 (1,439,268) 244,944 (346,703) 17,611 1,309 (4,994) 41,558 (103,604) (149,879) (8,117) (157,996)
(56,307) 6,151 (50,155)
(153,527) (4,469) (157,996)
Basic earnings per share(kobo)
(0.03)
(10.19)
Diluted earning per share(kobo)
(0.03)
(9.26)
ABC TRANSPORT PLC CONSOLIDATED AND SEPARATE STATEMENTS OF FINANCIAL POSITION FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 Note Non-current assets
Company
1,845 17,679 21,655 4,593,357
GROUP 31/12/14 N,000 60,543 21,046 4,403,699 1,845 18,093 16,987 4,522,213
22,563 3,990,988 6,520 1,845 19,662 8,993 4,110,435
2014 N,000 59,864 18,319 4,439,593 11,520 1,845 17,679 21,655 4,570,475
184,880 15,853 425,637 261,018 118,473
995,647 13,096 491,778 329,051 84,074
169,439 37,332 430,248 11,136 80,307
165,734 15,853 712,120 206,161 37,709
Total assets
1,793,731 5,930,862
1,005,860 5,599,217
1,913,646 6,435,859
728,463 4,838,897
1,137,576 5,708,051
Equity Issued share capital Share premium General reserve Accumulated OCI Total equity shareholders' funds
828,850 577,458 499,677 (47,913) 1,858,073
753,500 582,068 801,488 (48,325) 2,088,731
753,500 582,068 593,992 (67,884) 1,861,676
828,850 577,458 623,670 (58,284) 1,971,694
753,500 582,068 889,712 (44,130) 2,181,150
Non-controlling interests Total equity
(48,928) 1,809,144
(15,055) 2,073,676
(58,544) 1,803,132
1,971,694
2,181,150
456,545 25,730 247,575 36,630 766,481
900,092 232,720 36,204 1,169,016
875,754 62,075 238,873 38,035 1,214,737
456,545 25,730 247,273 36,630 766,179
900,092 231,947 36,204 1,168,243
1,716,616 171,828 152,892 228,707 776,904 28,779 279,511 3,355,236 5,930,861
930,209 168,514 102,465 205,810 728,498 15,701 205,328 2,356,524 5,599,217
1,467,803 128,620 127,821 231,947 1,106,447 15,529 339,823 3,417,990 6,435,859
693,593 171,828 151,650 220,186 710,244 28,779 124,746 2,101,025 4,838,897
930,209 168,514 102,465 204,537 732,064 15,701 205,168 2,358,657 5,708,051
Deferred tax assets Goodwill Other Intangible assets Property, plant and equipment Investment in subsidiaries Other investments Financial Assets-FVTPL Finance lease receivables
Current assets Inventory Finance lease receivables Trade and other receivables Other current assets Cash and cash equivalents Non-current assets HFS
Non -current liabilities Long-term borrowings Finance lease obligations Post employment benefits-Defined benefits Provisions
12 1
1,845 19,662 8,993 4,137,131
2 4 5 6
976,228 37,332 628,317 59,189 92,665
3
10a 13 9
Current liabilities Deferred tax Short term borrowings 10b Finance lease obligations Post employment benefits-Defined contribution Current taxation liabilities 11 Trade and other payables 7 Deferred income 8 Bank overdraft Total equity and liabilities
GROUP 2015 2014 N,000 N,000 59,864 59,864 0 22,563 23,177 4,024,204 4,469,137
2015 N,000 59,864
ABC TRANSPORT PLC CONSOLIDATED AND SEPARATE STATEMENTS OF OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 2015 2014 N,000 N,000 Group Gains/(losses on revaluation of PPE Foreign exchange translation reserve, net of tax 5,513 (377) Net actuarial gains/(losses) on defined benefit plans foreign exchange gains/(losses) transferred to the income statement others Other comprehensive income/(loss) 20,173 (377) Profit/(loss) for the period (9,550) 127,619 Total comprehensive income/(loss) for the period 10,623 127,242 Attributable to: Equity shareholders Non-contolling interests
1,007 9,616 10,623
130,083 (2,841) 127,242
2015 N,000 Company
2014 N,000
-
-
(30,453) (30,453)
139,191 139,191
(30,453) (30,453)
139,191 139,191
OCI resrves N,000 (55,467)
NCI
Total
N,000 (7,394) (51,029)
N,000 2,279,314 (373,224)
2,035
20
ABC TRANSPORT PLC CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 N,000 Group JUL-SEP 2015 (2,802)
Gains/(losses on revaluation of PPE Foreign exchange translation reserve, net of tax Net actuarial gains/(losses) on defined benefit plans foreign exchange gains/(losses) transferred to the income statement others 14,660 Other comprehensive income/(loss) 11,858 Profit/(loss) for the period (31,053) Total comprehensive income/(loss) for the period (19,195) Attributable to: Equity shareholders Non-contolling interests
(1,819) (17,376) (19,195)
N,000 Group JUL-SEP 2014 1,334
1,334 (157,996) (156,662)
(149,097) (7,565) (156,662)
ABC TRANSPORT PLC CONSOLIDATED AND SEPARATE STATEMENTS OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 I.GROUP
January 1, 2014 Total profit/(loss) for the year Translation gain Other comprehensive income Dividends paid Acturial gain/(loss) 31-Dec-14 Changes in equity for 2015 01-Jan-15 Bonus issue issue expenses Total profit/(loss) for the year Translation gain Other comprehensive income Dividends paid Acturial gain/(loss) 30-Sep-15
Share capital
Share premium
N,000 753,500
N,000 582,068
Retained Earnings N,000 1,006,607 (322,195)
753,500
582,068
593,992
(14,452) (67,884)
(141) (58,544)
2,055 (90,420) (14,593) 1,803,132
753,500
582,068
593,992
(67,884)
(58,544)
1,803,132
9,414
(4,610) (9,550)
19,971
202
20,173
(47,913)
(48,928)
1,809,145
(90,420)
75,350
(75,350) (4,610) (18,965)
828,850
577,458
499,677
II.PARAENT
01-Jan-14 Total profit/(loss) for the year Translation gain Other comprehensive income Dividends paid Adjustment 31-Dec-14 Changes in equity for 2015 01-Jan-15 Bonus issue issue expenses Total profit/(loss) for the year Translation gain Other comprehensive income Dividends paid Adjustment 30-Sep-15
Share capital
Share premium
N,000 753,500
N,000 582,068
Retained Earnings N,000 1,073,245
OCI resrves N,000 (44,130)
(253,352)
Total N,000 2,364,683 (253,352)
(14,154) (90,420)
(90,420)
753,500
582,068
729,473
(58,284)
2,006,757
753,500 75,350
582,068
729,473 (75,350)
(58,284)
2,006,757 0 (4,610) (30,453)
(4,610) (30,453)
828,850
ABC TRANSPORT PLC CONSOLIDATED AND SEPARATE STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 Group 2015 2014 N,000 N,000 Cash flow from operating activities 1,051,851 1,783,569 Cash generated from operations Interest paid Income tax paid Net cash inflow(outflow) from operating activities 1,051,851 1,783,569 Cash flow from investing activities: Investments in financial assets 1,569 (1,220) Investment in finance lease receivables 32,263 Purchase of Property,plant and equipment (463,020) (1,644,306) Purchase of Intangible assets (6,050) (13,808) other movement in PPE (127,908) Investment in Subsidiaries(CSSL) Transfers from finance lease receivables(Net) (37,185) Tranfers to Associated Coy 41,351 Sale of property, plant and equipment/Assets 43,502 Held-for-Sale 66,216 Sale of available-for-sale financial assets Dividends received Interest received 10 2,090 Cash received from Investment in finance leases 28,224 28,907 Borrowing cost on fixed assets addition Net cash inflow(outflow) from investing activities (523,673) (1,525,692)
577,458
623,670
(58,284)
1,971,694
Company 2015 2014 N,000 N,000 1,336,271 1,690,867
1,336,271
1,690,867
1,569
(1,220) 32,263 (1,610,619) (8,783)
(438,859) (6,050) (158,397)
43,502
10 28,224 (530,001)
(5,000) (37,185) 41,351 71,415 1,679 28,907 (1,487,192)
Cash flows from financing activities: Issue of shares Borrowings/leases-Additions 901,141 Repayment of borrowings (1,071,636) Repayment of finance Lease obligations (32,537) Finance Charges/Leases (256,242) Dividends paid to the company's shareholders Dividends paid to non-controlling interests
717,890 (621,284) (105,878) (288,361) (90,420) -
166,679 (657,977) (32,537) (214,278)
717,890 (621,284) (105,878) (270,100) (90,420) -
Net cash inflow(outflow) from financing activities (459,274)
(388,053)
(738,113)
(369,792)
Net increase(decrease) in cash and cash equivalents 68,904 Cash and cash equivalents at 1 January (255,749) Effects of exchange rate changes on cash and cash eqvts Cash and cash equivalents at 30/9/2014 (186,845)
(130,176) 43,322
68,157 (112,596)
(166,117) (1,342)
(86,854)
(44,439)
(167,459)
0
0
0
0
