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1. Head Office:
1, Ladi Kwali
Way,
Maitama, Abuja
2. Nature of Business:
Hotels, Restaurant and Apartment House Keping
3. Date of Incorporation:
16th January 1981
4. Date Listed on The Exchange:
14th August, 2008
5. NSE Classification:
Hotel & Tourism
6. Board of Directors:
Mr. Goodie Minabo Ibru, OON, (Chairman)
Mr. Yakubu Akanbi Disu
Mr. Olawale Makinde (Chief Operating Officer)
Chief Victor Christopher Nwachukwu Oyolu
Barr. E.A. Chukwura
Dr. Alexandra A. Thomopulos
Chief Enukora Joe Okoli
Daniel Adeyemi Morakinyo
Mallam Ib rahim Dankwambo
Mrs Irene Chigbue
Engr. Ken Emechebe
7. Company Secretary:
Ifebunandu & Co
11, Martins
Street
Lagos
8. Auditors:
Tunde Williams & Co
(Chartered Accountants)
29, Calcurick Creascent,
ApapaI, Lagos.
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9. Company Registrars:
City Securities (Registrars) Limited
Primrose
Tower,
17A Tinubu
Street
Lagos.
10. Subsidiaries/Associates:
Nil
11. End of Accounting Year
N.A
12. Capital Structure
i. Authorised:
N800,000,000 .00
ii. Paid-Up
N774,360,000
.00
13. No of Employees
N.A
14. Analysis of Shareholdings (As at 2006)
Hans Gremlin (Nig) Limited - 51.0%
Ministry of Finance Inc. - 36%
Abuja
Invest. & Property Dev. Co - 6.5%
Nigerian Reinsurance Corporation - 2.0%
Bank of Industry -
1.84%
Bank of Industry -
2.69%
Nigerian Airways Pensions Board - 0.48%
Other Shareholders - 1.33%
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Tangible Fixed Assets (Net) 1,605,617 1,707,148 1,839,559 1,845,503 1,457,951
Net current assets/(liabilities) 612,105 421,042 21,877 (21,658) 370,239
Provision for liabilities &
charges 525,871 535,930 (426,986) (410,591) (428,830)
----------- ----------- ----------- ----------- -----------
1,691,851 1,592,260 1,434,450 1,413,254 1,399,360
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FINANCED BY:
Share capital 774,391 774,391 774,391 774,391 774,391
Other reserves 333 333 333 333 333
Revenue Reserves 917,127 817,536 659,726 638,530 624,636
----------- ----------- ----------- ----------- -----------
Shareholders Fund 1,691,851 1,592,260 1,434,450 1,413,254 1,399,360
====== ====== ====== ====== ======
TURNOVER AND PROFITS:
Turnover 2,811,786 2,851,136 2,229,408 2,0003.179 2,517,617
Profit before tax 260,338 345,954 31,402 20,432 220,913
Taxation (83,308) (110,705) (10,206) (6,538) (70,692)
Profit after taxation 177,030 235,249 21,196 13,894 150,221
Dividend (77,439) (77,439) - - -
Retained Profit 99,591 157,810 21,196 13,894 72,782
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PER SHARE DATA (KOBO):
Earnings 6 10 1.4 0.9 10
Dividend 5 5 - - -
Net assets 109 103 93 92 90
Dividend Cover (times) 2.3 3 - - -
===== ===== ===== ===== =====
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