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1. Head Office:
Block H, Plots 1-3
Oshodi Industrial Estate,
Apapa-Oshodi Expressway,
P. M. B. 1053, Oshodi, Lagos.
Tel: 234-01-4521326, 4523659
Fax: 234-01-4525865; Telex: 27262 INDGAS
2. Nature of Business:
Manufacture of Industrial and Medical Gases as well as
Marketing
of special Gases, Welding and Medical Equipment.
3. Date of Incorporation:
12th November, 1959
4. Date Listed on The Exchange:
January, 1979
5. NSE Classification:
Industrial/Domestic Products.
6. Board of Directors:
D. A. Akintola - (Chairman)
J. A. Idowu - (MD/CEO)
A. O. Alabi
Mr. J. Narayadoo
Mr. A. Nanabhay
M. G. Rowell
R. Clarke
A. Jones
7. Company Secretary:
G. E. Oriseh
8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road,
Ilupeju, Lagos.
Tel: 234-01-4930720-4
Fax: 234-01-4970023
Website: www.deloitte.com
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9. Company Registrars:
All-Crown Investment Services Ltd.
Registrar’s Department,
Unity House (4th Floor)
37, Marina, Lagos.
Lagos
State.
10. Subsidiaries/Associates:
BOC Holdings, U.K.
11. End of Accounting Year
30th September
12. Number of Employees
114
13. Capital Structure
i. Authorised: N250,000,000.00
ii. Paid-Up N196,560,000.00
14. Analysis of Shareholding
Foreign: BOC Holdings, UK 60%
Nigerian citizens & Associations 40%
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FIVE-YEAR FINANCIAL SUMMARY
2006 2005 2004 2003 2002
N‘000 N‘000 N‘000 N‘000 N‘000
ASSETS EMPLOYED:
Fixed Assets 1,114,753 896,177 795,355 386,577 306,388
Net Current (liabilities)/assets (408,593) (202,036) (216,549) 95,515 113,083
———— ———— ———— ———— ————
706,160 694,141 578,806 482,092 419,471
Provision for gratuity (136,606) (170,002) (147,700) (16,500) (10,000)
Deferred Tax (122,386) (122,386) (101,736) (83,080) (67,449)
Term loan - (30,000) (31,999) - -
———— ———— ———— ———— ————
447,168 371,753 297,371 382,512 342,022
======= ======= ======= ====== ======
CAPITAL & RESERVES:
Share Capital 196,560 196,560 196,560 196,560 196,560
Revaluation reserve 31,086 31,086 31,086 31,086 31,086
General Reserve 219,522 144,107 69,725 154,866 114,376
———— ———— ———— ———— ———
447,168 371,753 297,371 382,512 342,022
====== ====== ====== ====== ======
TURNOVER AND PROFIT:
Turnover 1,319,154 1,128,592 1,004,118 901,766 851,076
====== ====== ====== ====== ======
Profit Before
Taxation 175,277 96,047 125,352 170,650 164,317
Taxation (29,100) (35,370) (13,594) (59,398) (52,621)
Profit After taxation 146,177 137,281 111,758 111,252 111,696
Dividends (70,762) (62,899) (62,899) (70,762) (70,762)
Retained profit 75,415 74,382 48,859 40,490 40,934
===== ===== ===== ===== =====
Per Share Data (Kobo)
Earnings per share
- Basic 37 35 28 28 28
===== ===== ===== ===== =====
Dividend per share 18 16 16 16 18
===== ===== ===== ===== =====
Net assets per share 114 95 76 97 87
===== ===== ===== ===== =====
NOTE:
Earnings and dividend per
share are based on issued and fully paid share capital at each balance
sheet date. Earnings per share are based on the profit after taxation.
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