THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

Published Under the Authority

of the Council of:

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

2/4 Customs Street,

P.O. Box 2457, Lagos

Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

Copyright:

The Nigerian Stock Exchange

ISBN 978 0262 - 1 - 6

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

NIGERIAN WIRE & CABLE PLC

1. Head Office:

Km, 9 Ibadan-Abeokuta Road,

Owode Industrial Estate,

P. M. B. 5573, Dugbe

Ibadan, Oyo State.

Tel: 234-02-2003968-75, 2310611-4

Fax: 234-02-2003968, 2003975;

Telex: 31575 NIWAC

e-mail: wireandcableplc@yahoo.com

2. Nature of Business:

Manufacturing and Sales of Electrical and Telecommunica tion Wires and Cables

3. Date of Incorporation:

20th November, 1974

4. Date Listed on The Exchange:

5th July, 1995

5. NSE Classification:

Engineering Technology

6. Board of Directors:

Dr. Doyin Okupe - (Chairman)

Mr. Charles Bamidele (MD/CEO)

Chief I. O. Dada

F. D. Ademola

Alhaji (Dr.) Aliyu Abubakar

Engr. S. A. Adetunji

Hon. Abayomi Sheba

Prince Ebenezer Oladipo

Alhaji J. Ademola Raji

H. Sugano

G. Fujii

7. Company Secretary:

Olukayode Enitan

Enitan Associates

26, Ilupeju Bye-Pass

Ilupeju, Lagos.

8. Auditors:

Dele Odunowo & Co.,

(Chartered Accountants)

Zaddiah Plaza, 2nd Floor,

1, Emmanuel High Street,

Ogudu road,

Ojota, Lagos.

9. Company Registrars:

Wema Registrars Limited

42, Marina Street

Lagos.

10. Subsidiaries:

Safeways Electric Company of Nig. Ltd.

Km 9, Ibadan - Abeokuta Road,

Owode Industrial Estate,

Ibadan, Oyo State.

11. End of Accounting Year

30th September

12. Number of Employees

13. Capital Structure

i.Authorised: N600,000,000.00

ii.Paid-Up N420,000,000.00

14. Analysis of Shareholding

Foreign 2.29%

Nigerian Citizens 97.71%

FIVE-YEAR FINANCIAL SUMMARY

CAPITAL EMPLOYED 2004 2003 2002 2001 2000

N‘000 N‘000 N‘000 N‘000 N‘000

Turnover 64,957 211,978 798,076 751,172 619,218

====== ===== ===== ===== =====

(Loss)/Profit Before Taxation (183,240) (175,081) 59,796 94,369 75,541

Taxation - - (23,594) (31,259) (25,261)

------------ ------------ ----------- ---------- ----------

(Loss)/Profit After Taxation (183,240) (175,081) 36,202 63,110 50,280

Dividends - - - 25,200 25,200

----------- ----------- ----------- ----------- -----------

Retained earnings (183,240) (175,081) 36,202 37,910 25,080

====== ====== ====== ====== ======

EMPLOYMENT OF FUNDS:

Fixed Assets 1,127,146 1,255,192 51,533 62,093 65,675

Net liabilities/assets (604,646) 636,740 511,927 271,886 230,395

------------ ------------ ------------ ----------- ------------

Total net (Liabilities)/assets 522,500 618,452 563,460 333,979 296,070

====== ====== ====== ====== ======

CAPITAL EMPLOYED:

Share Capital 210,000 171,250 140,000 84,000 84,000

Share premium accounts 298,923 287,485 242,614 105,336 105,336

Revaluation Reserve 1,243,118 1,243,118 25,934 25,934 25,934

Deposit for shares 37,100 - - - -

Revenue reserve (1,266,641) 1,083,401 154,912 118,709 80,800

----------- ---------- ---------- ---------- ----------

Shareholder’s fund 522,500 618,452 563,460 333,979 296,070

======= ====== ====== ======= ======

FUNDS EMPLOYED:

Earnings per share (Actual) - - 13k 38k 30k

Earnings per share (Adjusted) - - 13k 38k 30k

Dividend per share (Actual) - - - 15k 15k

Dividend per share (Adjusted) - - - 15k 15k

Net worth per share 124K 181K 201k 200k 176k

NOTE:

Earnings, dividend and net worth per share of 50k have been computed on the profit after taxation and the dividend proposed per share and the shareholders’ funds respectively on the basis of the number of ordinary shares in issue as at each period end.

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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