THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

Published Under the Authority

of the Council of:

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

2/4 Customs Street,

P.O. Box 2457, Lagos

Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

Copyright:

The Nigerian Stock Exchange

ISBN 978 0262 - 1 - 6

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

NIGERIAN ENAMELWARE PLC

1. Head Office:

47, Campbell Street,

P. O. Box 4993,

Marina, Lagos.

2. Nature of Business:

Manufacturing and Marketing of Enamelware Products.

3. Date of Incorporation:

21st May, 1960

4. Date Listed on The Exchange:

28th December, 1979

5. NSE Classification:

Industrial/Domestic Products.

6. Board of Directors:

Alhaji Inuwa Wada (Chairman)

Phillip Tung (MD/CEO)

Hadji (Chief) Tokunbo Alli

K. F. Tung

Lewis Tung

Paul Tung

Alhaji (Chief) M. A. Ola Yusuf

7. Company Secretary:

Prince Adesegun Akadiri

47, Campbell Street,

P. O. Box 4993,

Marina, Lagos.

8. Auditors:

Akintola Williams Deloitte

(Chartered Accountants)

235, Ikorodu Road,

Ilupeju,

P. O. Box 965, Lagos.

9. Company Registrars:

Union Registrars Limited,

2, Burma Road, Apapa,

P. M. B. 12717, Lagos.

10. End of Accounting Year

30th September.

11. Number of Employees:

661

12. Capital Structure

i. Authorised: N20,000,000

ii. Paid-Up N14,400,000

13.Analysis of Shareholding:

I-Feng Co. Limited - 60%

Nigerian Citizens & Associations - 40%

FIVE-YEAR FINANCIAL SUMMARY

ASSETS

EMPLOYED 2006 2005 2004 2003 2002

N‘000 N‘000 N‘000 N‘000 N‘000

Fixed Assets 10,315 19,197 33,816 49,715 60,938

Net Current Assets 159,473 138,385 124,138 64,193 47,680

Deferred tax - (6,076) (9,997) (15,523) (14,506)

Staff gratuity (51,700) (39,761) (45,122) - -

——— ——— ——— ——— ———

118,088 111,745 102,834 98,385 94,112

===== ===== ===== ===== =====

CAPITAL AND RESERVES:

Share Capital 14,400 14,400 14,400 14,400 14,400

Revaluation Reserve 5,717 5,717 6,352 6,352 6,352

General Reserve 97,971 91,628 82,083 77,633 73,360

——— ——— ——— ——— ———

Shareholders’ Funds 118,088 111,745 102,835 98,385 94,112

===== ===== ===== ===== =====

PROFIT AND LOSS ACCOUNT:

Turnover 1,573,400 1,776,702 1,639,663 1,778,588 1,673,462

Profit Before Taxation 31,411 35,067 26,631 26,204 24,858

Taxation (10,668) (11,121) 10,661 11,851 8,892

Profit After Taxation 6,343 9,546 15,970 14,353 15,966

Dividend 14,400 14,400 11,520 10,080 8,640

Per-share data:

Earnings per share (kobo) 22 33 55 50 55

Net assets per share (kobo) 410 388 357 342 327

Dividend per share (kobo) 50 50 40 35 30

NOTE:

Earnings and dividend per share are based on profit after tax and issued and fully paid ordinary shares at the end of each financial year.

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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