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1. Head Office:
Suite
250,
Federal Palace Hotel,
Ahmadu Bello
Way,
Victoria Island, Lagos.
2. Nature of Business:
Operation of Hotels and Provision of Catering Services
3. Date of Incorporation:
The Company was Incorporated as Properties Development
Limited
on 18th November 1972.
4. Date Listed on The Exchange:
6th September, 2007
5. NSE Classification:
Hotel & Tourism
6. Board of Directors:
Mr. Goodie Minabo Ibru, OON, (Chairman)
Chief J. Akin George, OFR
Olorogun Michael Christopher O. Ibru, OFR
Dr. O. Otudeko, MFR, OFR
Dr. A. U. Ibru
Mr. Y. A. Disu
7. Company Secretary:
IHL Services Limited
8. Auditors:
PKF Pannell Kerr Forster
(Chartered Accountants)
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9. Company Registrars:
Union Registrars Limited
2, Burma Road,
Apapa, Lagos.
10. Subsidiaries/Associates:
The Tourist Company of Nigeria Plc
Capital Hotel Plc
11. End of Accounting Year
31st December
12. Capital Structure
i. Authorised:
N1,100,000,000.00
ii. Paid-Up
N866,165,165.00
13. No of Employees
583
14. Analysis of Shareholdings:
Union Bank of Nigeria Plc - 19.2%
Bank of Industry Limited - 13.4%
Wagmest Nigeria Limited - 9.3%
RFC Limited - 7.3%
Ess-Ay Investment Limited - 5.5%
Alurum Investment Limted - 5.4%
Dr. O. Otudeko - 5.0%
Others - 34.9%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2006 2005 2004 2003 2002
N‘000 N‘000 N‘000 N‘000 N‘000
Property, Plant & Equipment 692,095 208,249 170,540 203,496 204,759
Long-Term Investments 5,289,498 6,775,727 434,612 434,612 1,020,418
Current Assets 9,316,626 6,006,343, 9,917,170 9,316,297 264,937
Creditors & Other Liabilities (8,981,085) (9,316,887) (7,413,107) (8,434.839) -
Prov. for Liabilities &
Other Charges (2,078,072) (1,726,180) (1,468,375) - (44,937)
———— ———— ———— ———— ———
Net Assets 4,239,062 1,947,252 1,640,840 1,519,566 1,445,177
====== ======= ======= ====== ======
CAPITAL AND RESERVES
Share Capital 866,174 540,000 540,000 540,000 450,000
Revaluation Reserves 171,841 171,841 171,841 171,841 171,841
Share Premium 1,591,187 151,495 171,215 171,215 261,215
General reserve 1,609,860 1,083,916 757,784 636,510 562,121
———— ———— ———— ———— ———
Shareholders’ Fund 4,239,062 1,947,252 1,640,840 1,519,566 1,445,177
====== ======= ======= ====== ======
PROFIT & LOSS ACCOUNTS
Turnover 4,642,952 4,189,717 3,295,654 3,082,092 3,145,583
====== ======= ====== ====== ======
Profit before tax 852,766 744,630 354,067 437,111 385,832
Taxation (326,822) (310,498) (133,330) (146,722) (126,395)
———— ———— ———— ———— ———
Profit after
taxation 525,944 434,132 220,737 290,389 259,437
Dividend - (108,000) (108,000) (216,000) (180,000)
———— ———— ———— ———— ———
Retained Profit for the Year 525,944 326,132 112,737 74,389 79,437
====== ======= ======= ====== ======
Basis Earnings per Ordinary
Share (k) 46 40 20 27 29
Dividend per Ordinary Share
(k) - 10 10 20 20
Net Assets per Ordinary
Share (k) 374 180 152 141 134
NOTE:
Earnings, proposed dividend
and net assets per share is calculated by dividing the net profit after tax
attributable to ordinary shareholders by the weighted average number of
ordinary shares in issue during the year.
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