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1. Head Office:
22/24, Industrial
Avenue, Ilupeju,
P. M. B. 21164, Ikeja, Lagos.
Tel: 234-01-4978720-4;
Fax: 234-01-4963033, 2715701
Factory:
Km 32, Lagos-Badagry
Express Road,
Agbara Industrial Estate, Ogun State
Tel: 234-01-4934131- 5, 4934109
Distribution Centre:
Km. 7, Idi-Iroko
Road,
Sango - Otta,
Ogun
State.
Tel: 234-039-722280, 722282
2. Nature of Business:
Manufacturing, Marketing and Distribution of Food Products,
and the Manufacture of Hydrolysed Plant Protein Mix for MAGGI Cubes and
other Food Products
3. Date of Incorporation:
25th September, 1961
4. Date Listed on The Exchange:
20th April, 1979
5. NSE Classification:
Food/Beverages/Tobacco.
6. Board of Directors:
Chief Olusegun Osunkeye (Chairman)
Mr. Martin Woolnough (MD/CEO)
Mr. Roger Stettler
Mr. Alexandre Cantacuzene
Mr. Jacques Vauthier
Mr. Divid C. Ifezulike
Dr. Fiama D. Mshelia
Mr. Etienne Benet
7. Company Secretary:
Mr. Bode B. Ayeku
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8. Auditors
KPMG Professional Services
(Chartered Accountants)
22A, Gerrard
Road,
Ikoyi, Lagos.
9. Company Registrars
Union Registrars Limited
2, Burma Road,
Apapa, Lagos.
Tel: 234-01-5803369, 5451399, 5803367
10. Subsidiaries/Associates:
None
11. End of Accounting Year
31st December.
12. Number of Employees
1,626
13. Capital Structure
Authorised:
N330,273,438.00
ii.Paid-Up
N330,273,438.00
14. Analysis of Shareholding
37.7% - Nigerians
62.3% - Nestle S.A.,
Switzerland.
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Share Capital 330,273 264,219 264,219 264,219 264,219
Share premium 32,262 32,262 32,262 32,262 32,262
Fixed assets
Revaluation reserve 186,491 189,261 194,605 194,930 197,330
Retained earnings (restated) 5,687,495 5,874,750 1,261,726 1,242,648 1,103,817
-------------- ------------ ----------- ------------ ------------
Shareholders’ funds 6,236,521 6,360,492 5,980,312 4,376,246 4,239,815
Current Liabilities 8,236,796 7,325,189 7,233,743 5,822,235 5,362,854
Long Term Liabilities 6,779,003 5,222,534 3,661,029 3,201,389 2,307,347
------------ ------------ ------------ ------------ -----------
21,252,320 18,908,215 16,875,084 13,399,870 11,910,016
======= ======= ======= ======= ======
ASSETS EMPLOYED:
Fixed Assets 10,435,952 7,336,015 6,183,324 3,980,527 2,124,548
Shares in subsidiary - - 340,000 340,000 340,000
Current Assets 10,816,368 11,572,200 10,351,760 9,079,343 9,445,468
-------------- -------------- -------------- ------------- -------------
21,252,320 18,908,215 16,875,084 13,399,870 11,910,016
======= ======= ======= ======= =======
Turnover 44,027,525 38,422,782 34,335,891 28,461,078 24,631,949
======= ======= ======= ======= =======
Profit Before Taxation 8,463,788 8,197,897 7,907,848 6,100,281 5,846,923
Profit After Taxation 5,441,899 5,660,329 5,303,128 3,935,495 3,804,114
Declared dividend 5,568,410 5,284,375 5,284,375 3,699,062 3,699,062
Per 50k share data
(Unadjusted):**
Earnings per Share N8.79 N10.71 N10.04 N7.26 N7.20
Declared dividend per Share* N8.99 N10.00 N7.00 N7.00 N6.00
Net Assets per Share N10.07 N12.04 N11.32 N8.28 N8.02
Per 50k share data
(Adjusted):***
Earnings per Share N8.24 N10.71 N10.04 N7.26 N7.20
Declared dividend per Share N8.43 N10.00 N7.00 N7.00 N6.00
Net Assets per Share N9.44 N12.04 N11.32 N8.28 N8.02
NOTE:
* Declared dividend
represents interim dividend declared and paid during the year and final
dividend proposed for the preceding year but declared and paid during the
current year.
** Unadjusted earnings and
dividend per share are based on profit after taxation for the year of
N5,441,899,000 and declared dividends of N5,568,410,000 respectively on
619,285,317 ordinary shares, being the weighted average number of ordinary
shares in issue and ranking for dividend during the year.
*** Adjusted earnings per
share and adjusted dividend per share have been computed on the basis of
shares in issue as at 31 December, 2007.
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