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1. Head Office:
27/29 Creek
Road,
P. O. Box
274,
Apapa, Lagos.
Tel: 234-01-5452710, 5452714
Fax: 234-01-5452713
E-mail: utc@utcnig.com
2. Nature of Business:
Food
Processing, Manufacturing of Sausages, Meat Products, Bakery, Confectionery
and Services connected therewith.
3. Date of Incorporation:
8th August, 1969
4. Date Listed on The Exchange:
31st January, 1972
5. NSE Classification:
Food, Beverages & Tobacco
6. Board of Directors:
Apostle H. I. Alile, OFR - (Chairman)
Mrs. Folusho Olaniyan (MD/CEO)
Engr. Bayo Adeola
Mr. Fola Adeola, OFR
Mr. V. G. Osibodu, FCA, OFR
Mr. Bode Adediji
Mr. Deji Alli
7. Company Secretary:
Olu O. Awolowo Esq.
8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road, Lagos.
Tel: 234-01-4930720 - 4
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9. Company Registrars:
UBA Registrars Limited
Raymond House,
3rd & 4th Floors
97/105 Broad
Street,
P. O. Box
6492, Lagos.
10. Subsidiaries/Associates:
Servipower Limited
UTAL Building Products Limited
11. End of Accounting Year
31st December.
12. Number of Employees
479
13. Capital Structure
i.Authorised: N700,000,000.00
ii.Paid-Up N560,625,000.00
14. Analysis of Shareholding
UTC
Africa Limited - 39.55%
Asset
Resource Management Limited - 17%
Other Nigerian
Citizens & Associations-43.45%
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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
Fixed assets 1,908,225 879,438 445,167 1,318,152 2,180,804
Investments 50,073 50,073 50,073 56,823 18,771
Net current liabilities (430,027) (129,184) (194,454) (1,110,975) (1,060,433)
------- -------- ------- -------- --------
1,528,271 802,084 300,786 264,000 1,164,797
LONG TERM LIABILITIES:
Term loans (167,975) - - - (93,333)
Gratuity provision (101,703) (113,256) (98,859) (144,724) (246,487)
------- -------- ------- -------- --------
1,258,593 687,071 201,927 119,276 199,416
===== ===== ===== ===== =====
CAPITAL AND RESERVES:
Share capital 560,625 560,625 560,625 560,625 560,625
Share premium 97,668 97,668 97,668 97,668 133,600
Capital reserve 1,148,223 614,266 181,683 1,288,124 1,288,124
Revenue reserve (547,923) (585,488) (638,049) (1,827,141) (1,782,933)
------- -------- ------- -------- --------
Shareholder’s funds 1,258,593 688,828 201,927 119,276 199,416
===== ===== ===== ===== =====
TURNOVER, PROFIT AND
APPROPRIATIONS:
Turnover 1,465,050 951,552 612,569 1,979,599 1,496,770
===== ===== ===== ===== =====
Profit/(Loss) before
taxation 40,168 54,318 (286,552) (29,042) (319,622)
Taxation (2,603) (1,757) 119,816 (45,073) (30,670)
------- -------- ------- -------- --------
Profit/(Loss) after tax
&
before extraordinary items 37,565 52,561 (166,736) (74,115) (350,292)
Extraordinary items - - 249,387 - 532,996
------- -------- ------- -------- --------
Profit/(Loss) after extraordinary
items
transferred to revenue
reserve 37,565 52,561 82,651 (74,115) 182,704
===== ===== ===== ===== =====
Per share data (kobo)
Earnings/(loss) per share 3 5 7 (7) 16
Net assets per share 112 61 18 11 18
Notes:
Earnings/(loss) per share
are calculated on profit/(loss) after taxation and the number of issued and
fully paid ordinary shares at end of each year. Net assets per share is
based on the net assets and number of issued and fully paid ordinary shares
at the end of each financial year.
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