|
1. Head Office:
Apapa Mills,
2, Old Dock
Road,
P. O. Box
341,
Apapa, Lagos.
2. Nature of Business:
The group primarily engaged in flour milling; Pasta Production;
Importation, Blending; Distribution and Sale of Fertilizer; Manufacturing
and Marketing of Laminated and Woven Polypropylene Sacks; Operation of
Terminals A and B at the Apapa Ports; Sale of Bulk and Bagged Cement;
customs cleaning and forwarding agents and shipping agents; and management
of Maiduguri Flour Mills Limited and United Cement Company of Nigeria Limited.
3. Date of Incorporation:
29th September, 1960 as a Private Limited Company. November
1978, Converted to Public Company.
4. Date Listed on The Exchange:
14th August, 1979
5. NSE Classification:
Food/Beverages/Tobacco
6. Board of Directors:
G. S. Coumantaros (Chairman)
Ahmed A. Joda, CFR, OFR, CON (Vice-Chairman)
Dr. (Chief) E. A. Ukpabi, KJW (MD/CEO)
A. Plytas
Alhaji A. A. Abba
J. G. Coumantaros
Chief J. O. Fagbemi
J. N. Katsaounis
Alhaji Ali Kotoko, MON
Mr. Thanasis Mazarakis
Alhaji Y. O. A. Saliu
Chief F. R. A. Williams Jnr
7. Company Secretary:
Alhaji Y. O. A. Saliu
8. Auditor
Akintola
Williams Deloitte
(Chartered Accountants)
235
Ikorodu Road
Ilupeju Lagos
Tel: 01-234-4930720 - 4
Fax: 01-234-4970023
|
9. Company Registrars
The Flour Mills Registrar Limited,
45, Eric
Moore Road,
Iganmu,
P. O. Box
341, Apapa
10. Subsidiaries/Associates:
Apapa Bulk Terminal Limited
Flour Mills Registrars Limited
Golden Shipping Company Nigeria Limited
Golden Pasta Company Limited
Maiduguri Flour Mills Limited
Niger Mills Company Limited
Southern Star Shipping Company (Nig.) Limited
United Cement Company of Nig. Limited
Unity Soap Manufacturers Limited
Northern Nigeria Flour Mills Plc
Nigerian Bag Manufacturing Company Plc.
Nigerian Cement Company Plc
Transnational Corporation Plc.
Port-Harcourt Flour Mills Limited
Nigeria Eagle Flour Mills Limited
11. Number of Employees:
3,636
12. End of Accounting Year
31st March.
13. Capital Structure
i.Authorised:
N1,000,000,000.00
ii.Paid-Up N776,533,000.00
14. Structure of Shareholding
Excelsior
Shipping Co. Limited - 51.59%
Others -
48.41%
|
|
FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2008 2007 2006 2005 2004
N‘000 N‘000 N‘000 N‘000 N‘000
ASSETS:
Fixed assets 38,603,133 34,002,571 26,359,103 19,791,189 12,754,859
Investments 415,468 498,668 1,135,474 957,576 892,075
Deferred charges 662,794 257,200 - - -
Goodwill on acquisition 901,941 477,987 346,650 249,565 280,761
Long term loans 10,294,649 8,765,678 - - -
Net current/(Liabilities) 5,749,385 (2,156,516) (585,868) (2,540,726) (3,348,118)
Long term liabilities (21,570,759) (18,879,376) (11,050,555) (6,833,879) (4,621,483)
------------ ------------ ------------ ------------ ------------
35,056,611 22,966,212 16,204,804 11,623,725 5,958,094
====== ======= ====== ====== ======
CAPITAL AND RESERVES:
Share capital 776,533 776,533 582,400 582,400 364,000
Share premium 5,866,676 5,866,436 5,866,676 1,065,930 1,065,930
Fixed assets revaluation
reserve 835,109 836,436 836,436 836,436 836,436
Capital reserve 4,128,057 432 432 432 432
General reserve 20,320,055 15,191,832 8,917,895 4,364,761 3,670,057
------------ ------------ ------------ ------------ ------------
Shareholders’ funds 31,926,430 22,671,909 16,203,839 11,650,705 5,936,855
Minority interest 3,130,181 294,303 965 (26,980) 21,239
------------ ------------ ------------ ------------ ------------
35,056,611 22,966,212 16,204,804 11,623,725 5,958,094
======= ====== ====== ====== ======
TURNOVER & PROFIT:
Turnover 127,661,809 105,668,669 86,571,665 66,805,656 53,563,211
====== ====== ====== ====== ======
Profit before taxation 9,878,183 9,791,772 6,307,717 2,024,747 1,887,216
Profit after taxation 6,363,082 7,474,468 4,667,612 1,461,845 1,370,485
Minority interest (22,919) (541) (19,610) 48,219 8,315
Profit attributable to
shareholders 6,340,163 7,473,927 4,648,002 1,510,064 1,378,800
====== ====== ====== ====== ======
Proposed dividend 1,553,067 (1,397,760 990,080 815,360 509,600
====== ====== ====== ====== ======
PER SHARE DATA (KOBO)
Earnings - basic 408 481 399 130 189
Dividend - basic 100 90 85 70 70
Net assets 2,056 1,460 1,391 1,000 816
NOTE:
Earnings per share are based
on profit after tax and minority interest and the number of ordinary shares
of 50k in issue at the end of each financial year. Dividend per share are
based dividend declared and the number of ordinary shares of 50k in issue
at the end of each financial year. Net assets per share are based on the
net assets of the company and the number of ordinary shares of 50k in issue
at the end of each financial year.
|
