|
1. Head Office:
Salt
City, Ijoko, Otta,
P. O. Box
39,
Ogun
State.
Cable: SALTCITY, LAGOS.
2. Nature of Business:
Processing of raw salt into edible salt and Importation of
Petti Tomato Paste
3. Date of Incorporation:
30th April 1973
4. Date Listed on The Exchange:
20th October, 1992
5. NSE Classification:
Food/Beverages and Tobacco.
6. Board of Directors:
Alhaji Aliko Dangote, (Chairman)
Alhaji Sani Dangote
Mr. Ade Adeniji (MD/CEO)
Mr. Suleiman Olarinde
Mr. Olakunle Alake
Mr. Knut Ulmvoen
Chief C. Atoki
Alhaji Abdu Dantata
Alhaji M. S. Ladan Baki
7. Ag. Company Secretary/Legal Adviser:
Chioma Madubuko Esq.
|
8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road,
Ilupeju, Lagos.
9. Company Registrars:
Afribank Registrars Limited
Plot 2A, Gbagada
Express Way,
Anthony Village, Lagos.
10. End of Accounting Year
31st December.
11. Number of Employees
468
12. Capital Structure
i.Authorised: N2,000,000,000.00
ii.Paid-Up N1,103,932,000.00
|
|
FIVE-YEAR FINANCIAL SUMMARY
ASSETS EMPLOYED: 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed assets 1,416,520 59,699 65,786 72,806 79,065
Patent and trade mark - 1 1 1 1
Deferred charges - 157,058 - - -
Net current liabilities 2,368,851 (214,842) (51,720) (41,844) (38,513)
Deferred tax (176,679) - - - -
Provision for liabilities
& charges (136,309) (2,779) - - -
———— ———— ———— ———— ———
3,472,383 (863) 14,067 30,963 42,739
====== ====== ======= ======= ======
CAPITAL AND RESERVES:
Share capital 1,103,932 39,978 39,978 39,978 39,978
Share premium 434,037 186,793 186,793 186,793 186,793
Revaluation reserve 149,450 149,450 149,450 149,450 149,450
Debenture Loan 38,570 38,570 38,570 38,570 38,570
Revenue reserve 1,746,395 (415,654) (400,724) (383,828) (374,052)
———— ———— ———— ———— ———
3,472,383 (863) 14,067 25,616 40,553
====== ====== ======= ======= ======
TURNOVER AND PROFIT:
Turnover 6,252,575 13,437 6,277 4,412 13,289
====== ====== ======= ======= ======
(Loss)/Profit before tax 1,752,331 (14,930) (11,549) (14,937) (11,584)
Taxation (492,458) - - - -
———— ———— ———— ———— ———
Retained profit/(loss) for
the year 1,259,873 (14,930) (11,549) (14,937) (11,584)
====== ====== ======= ======= ======
Per Share data (kobo)
Earnings/(loss) - basic 57 (19) (14) (19) (14)
Earnings/(loss) - diluted - (1) (1) (1) (1)
Net assets 157 - 18 39 53
NOTE:
Earnings/(loss) per share
are based on the profit/(loss) after tax and the number of issued and fully
paid ordinary share capital as at the end of each financial year. Dividend
per share are based on the dividend declared and the number of issued and
fully paid ordinary share capital at the end of each financial year. Net
assets per share are based on the net assets and the number of issued and
fully paid ordinary share capital at the end of each financial year.
|
