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

VONO PRODUCTS PLC

1. Head Office:

326/328 Agege Motor Road,

P. O. Box 382, Mushin, Lagos.

Tel: 234-01-7731491, 4528143, 4520329;

Fax: 234-01-4520330.

E-mail: vonoproducts@siote.com

2. Nature of Business:

Manufacturing, Distribution and Marketing of Related Products, e.g. Mattresses, Cushions, Sheetings, Shoulder Pads, Carpet Underlays, Complete Bed Innerspring Mattresses, Bunkbeds, Hospital Beds and School Furniture.

3. Date of Incorporation:

5th October, 1960.

4. Date Listed on The Exchange:

9th April, 1974

5. NSE Classification:

Industrial/Domestic Products

6. Board of Directors:

Chief Rasheed A. Gbadamosi, OFR (Chairman)

Mr. Olaitan Odukoya (MD/CEO)

Rev. R. O. Oloidi

Mr. O. O. Oyedele

Mrs. M. O. Onasanya

Mr. A. M. Makanjuola

Prince E. Duro Oyinlola

7. Company Secretary:

Mr. Lekan Sanni

8. Auditors:

Messrs. BDO Oyediran Faleye Oke & Co.

(Chartered Accountants)

Elephant Cement House

(5th Floor),

Central Business District,

Alausa, Ikeja, Lagos.

9. Company Registrars:

UAC Registarars Limited

Niger House,

1-5, Odunlami Street, Lagos.

Tel: 234-01-2663140

10. Subsidiaries/Associates:

None

11. End of Accounting Year

31st December.

12. Number of Employees

130

13. Capital Structure

i. Authorised: N150,000,000.00

ii. Paid-Up N150,000,000.00

14. Analysis of Shareholding

Nigerian Citizens and Associations 100%

FIVE-YEAR FINANCIAL SUMMARY

2005 2004 2003 2002 2001

N‘000 N‘000 N‘000 N‘000 N‘000

Turnover 264,621 283,424 440,053 380,003 312,896

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

Profit before tax (87,995) (200,857) 18,589 23,350 3,847

Taxation - (18,005) (2,700) (8,278) (2,100)

---------- ---------- ---------- ---------- ---------

Profit/(Loss) after tax but

before extra

ordinary item (87,995) (218,862) 15,889 15,072 1,747

Extra ordinary item (net) - 43,430 8,211 - 24,227

--------- ---------- -------- ----------- ----------

(87,995) (175,432) 24,100 15,072 25,974

Dividends - (9,671) (9,671) (7,253) (4,836)

--------- ---------- -------- ----------- ----------

(Loss)/profit retained earnings (87,995) (185,103) 14,429 7,819 21,138

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

BALANCE SHEET:

Fixed Assets 204,863 126,437 170,554 186,413 170,873

Net Current Assets 90,493 (100,029) 58,500 34,175 34,962

------------ ------------ ------------ ------------ ------------

295,356 26,408 229,054 220,588 205,835

Creditors: Amount falling

due after more than one

year of the balance

sheet date:

Deferred Tax - (19,450) (7,780) (7,780) (1,980)

Provision for liabilities

and charges (27,281) (28,461) (9,288) (6,149) (5,015)

----------- ------------ ----------- ------------ ------------

Total Net Assets 268,075 (21,503) 211,986 206,659 198,840

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

Share Capital 150,000 24,187 24,178 24,178 24,178

Share premium 264,837 13,086 25,573 25,573 25,573

Capital Reserve 97,366 97,366 132,334 141,436 141,436

First debenture redemption

reserve account - - - - -

Revenue reserve (244,128) (156,133) 29,901 15,472 7,653

-------- -------- -------- -------- --------

Shareholders’ fund 268,075 (21,503) 211,986 206,659 198,840

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

(Loss)/earnings per share of 50 kobo (51)k (363)k 50k 31k 4k

Adjusted earnings per share of 50k - - - - -

Dividend per share of 50 kobo - 20k 20k 15k 10k

Adjusted dividend per share of 50k - - - - -

Net assets per share of 50k 89k 44k 438k 427k 412k

Adjusted net assets per share

of 50 kobo - - - - -

NOTE:

Earnings, dividends and net assets per share of 50 kobo are calculated respectively on the result for the year after taxation but before extra-ordinary item, proposed dividends and shareholders’ funds respectively, all based on the number of ordinary shares in issue as at 31 December, 2004.

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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