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1. Head Office:
28/30, Morison
Crescent,
Oregun Industrial Area,
P. M. B. 21290, Ikeja, Lagos.
Tel: 234-01-4742573, 4967627, 7747428
Fax: 234-01-4967593, 3205733
E-mail: miplc@morison.nig.com;
sales.morison@morison-nig.com
Website: www.morison-nig.com
2. Nature of Business:
Production and Marketing of Pharmaceuticals, Hygiene
Products
(disinfectants), Hospital & Medical consumables.
3. Date of Incorporation:
29th June, 1955
4. Date Listed on The Exchange:
1978
5. NSE Classification:
Healthcare
6. Board of Directors:
Mr. Julius O. Titiloye (Chairman)
Mrs. A. Olusola Popoola (MD/CEO)
Prof. Dew Tuan-Wleh Mayson
Mr. Robert J. Lyons
Mallam Muhammed A. Muhammed, OFR
Engr. Charles A. Osezua, OON
7. Company Secretary:
Olusoji G. A.
(Mrs.)
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8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road,
Ilupeju, Lagos.
P. O. Box 548,
Lagos.
Tel: 234-01-7740857 - 8.
9. Company Registrars:
City Securities (Registrars) Limited
Registrar’s Department,
Primrose
Towers,
17a, Tinubu
Street, Lagos.
10. Subsidiaries/Associates:
Morison Investment Limited, UK
11. End of Accounting Year
31st December
12. Number of Employees
78
13.Capital Structure
i. Authorised: N100,000,000.00
ii. Paid-Up N45,653,625.00
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2006 2005 2004 2003 2002
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 66,542 41,877 37,804 33,476 35,092
Current Assets 157,365 153,213 145,254 123,409 109,760
Current Liabilities (75,944) (59,436) (53,80) (27,704) (24,897)
Deferred Taxation (10,895) (9,419) (8,230) (5,541) (3,988)
Staff gratuity (17,113) (14,296) (10,813) (14,000) (9,000)
----------- ----------- ----------- ----------- -----------
119,955 120,939 110,177 109,640 106,967
====== ====== ====== ====== ======
FUNDS EMPLOYED:
Share capital 45,654 45,654 45,654 45,654 45,654
Revaluation reserve 676 676 676 676 676
Share premium 21,489 21,489 21,489 21,489 21,489
General Reserve 52,136 53,120 42,358 41,822 39,149
----------- ----------- ----------- ----------- -----------
119,955 120,939 110,177 109,640 106,967
====== ====== ====== ====== ======
TURNOVER AND PROFITS:
Turnover 211,336 195,010 179,330 153,008 128,123
Profit before taxation 14,282 10,804 19,695 19,695 16,037
Profit after taxation and
exceptional item 8,147 10,762 9,667 9,521 6,341
Dividend - 9,131 9,131 6,848 5,478
===== ===== ===== ===== =====
PER SHARE DATA (KOBO):
Earnings 9 12 11 10 7
Dividend - 10 10 7 6
Dividend
cover (times) - 1.2 1.1 1 1
Net assets 131 122 121 120 117
===== ===== ===== ===== =====
NOTE:
Earnings and dividend per
share are based on profit after taxation and the number of ordinary share
capital issued and fully paid at the end of each financial year. Net assets
per share are based on the number of ordinary share capital issued and
fully paid as at the end of each financial year.
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