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1. Head Office:
Leasing House
Drive,
Off Bisola Durosinmi-Etti Drive
CBD Lekki Phase 1
Lekki, Lagos.
Tel: 234-01-2703700-5;
Fax: 234-01-2703706
E-mail: info@c-ileasing.com
2. Nature of Business:
Equipment Leasing/Rentals and Providing Ancilliary
Logistics Support Services to Companies. Provision of Consumer Leases to
Employees of Large Companies operating in Nigeria.
3. Date of Incorporation:
28th December, 1990
4. Date Listed on The Exchange:
10th December, 1997
5. NSE Classification:
Leasing
6. Board of Directors:
AVM Abdullahi D. Bello, Rtd. CFR, (Chairman)
Mr. Ogbuechi Henry Chukwuma Okolo
(Vice-Chairman)
Mr. Chukwuemeka Emmanuel Ndu (MD/CEO)
Mr. Ikechukwu Duru
Mr. Olawale Oyedele
Mr. Gabriel Oyelami
Dr. Ugochukwu Chibuike Uche
Princess Mrs. N. I. U. Uche
Mr. Jacob Kholi
Mr. Patrick Ugboma
Mr. Amdrew Otike-Odibi
7. Company Secretary:
G. Mbanugo Udenze
& Co.
2nd Floor,
13, Okesuna Street,
Lagos.
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8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu Road, Ilupeju
P. O. Box 965,
Lagos.
Tel: 234-01-4930720-4
Fax: 234-01-4970023
e-mail: www.deloitte.com
9. Company Registrars:
DBL Securities Limited
16, Norman
Williams Street,
Ikoyi - Lagos.
10. Subsidiaries/Associates:
Nigeria
Electroplastic & Polishing Co. Ltd.
Zikron Express J. V.
11. End of Accounting Year
31 January
12. Number of Employees
330
13. Capital Structure
i. Authorised: N1,000,000,000.00
ii. Paid-Up N800,297,000.00
14. Structure of Shareholding
International
Energy Insurers Ltd.- 13%
Petra
Properties Limited - 6%
Aureos West Africa
Funds LLC - 14%
Leadway Assurance Co.
Ltd - 9%
Tristar Investments Limited - 7%
Other Nigerians
Citizens & Asso. - 59%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2008 2007 2006 2005 2004
N“000 N“000 N“000 N“000 N“000
Cash & short term funds 121,733 427,028 31,814 54,616 102,720
Investments in subsidiaries 420,985 - - - -
Long term investments 78,221 300 20,300 20,300 45,868
Loans & advances 89,592 38,464 37,050 220,570 111,155
Lease rental due 49,201 285,478 - - -
Finance lease receivables 1,467,065 858,639 76,143 177,325 111,972
Other assets 1,280,275 1,038,448 786,651 415,716 455,269
Leased assets 1,192,105 1,189,754 1,060,498 991,472 1,061,320
Fixed assets 429,362 320,502 296,544 1,084,969 1,149,504
--------------- ------------ ------------ ------------ ------------
Total Assets 5,128,539 3,873,135 2,309,000 1,973,496 1,976,488
======== ======= ======= ======= ======
LIABILITIES
Bank overdraft 465,121 25,590 - - -
Current liabilities 2,499,357 1,388,616 1,753,772 1,402,560 1,382,321
Medium term liabilities 303,152 808,052 87,666 124,793 165,640
Tax payable 59,422 15,276 (20,898) (3,007) 15,026
------------ ------------ ------------ ------------ ------------
3,327,052 2,237,534 1,820,540 1,524,346 1,562,987
------------ ------------ ------------ ------------ ------------
CAPITAL AND RESERVES
Share capital 800,297 800,297 300,000 300,000 200,000
Share Premium 542,722 542,722 - - -
Statutory reserves 173,037 114,076 93,958 79,061 64,714
General reserve 285,431 178,505 94,502 70,089 48,787
Bonus shares reserve - - - - 100,000
------------ ------------ ------------ ------------ ------------
Shareholders’ funds 1,801,487 1,635,600 488,460 449,150 413,501
------------ ------------ ------------ ------------ ------------
Total Assets 5,128,539 3,873,134 2,309,000 1,973,496 1,976,488
======== ======= ======= ======= ======
PROFIT AND LOSS ACCOUNT:
Gross Income 2,482,169 1,613,569 1,345,448 1,166,860 1,284,759
Profit on ordinary
activities before taxation 393,074 164,737 119,481 112,199 121,930
Tax on profit on
ordinary activities 341,887 134,122 99,310 95,649 105,569
Dividend - - 60,000 60,000 40,000
====== ====== ====== ====== ======
Per N0.50 Share Data
Earnings 0.22 0.07 0.17 0.16 0.26
Dividend - - 0.10 0.10 0.10
NOTE:
Earnings and dividend per
share are based on profit after tax and the number of ordinary shares in
issue at 31 January of every year. Net assets per share are based on the
number of ordinary shares in issue at 31 January of every year.
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