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1. Head Office:
Plot B, Israel
Adebajo Close,
Industrial Estate,
P. O. Box
102,
Ikeja, Lagos.
Tel: 234-01-900570 - 4
Telex: 26104 STUDIO NG.
2. Nature of Business:
Printing, Manufacturing and Sale of Packaging Materials
including Labels.
3. Date of Incorporation:
9th July 1965
4. Date Listed on The Exchange:
13th September, 1979
5. NSE Classification:
Packaging
6. Board of Directors:
Mr. Roger Sherlow (MD/CEO)
Mr. David H. Peaker
Mr. C. F. Bouri
Mr. Raymond Sykes
Chief Henry O. Taylor
7. Company Secretary:
Equity Services Limited
2 Ojuelegba
Road
Yaba Bus Stop
Lagos.
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8. Auditors:
Aneni Dairo & Co.
(Chartered Accountants)
154 Obafemi
Awolowo Way
Ikeja, Lagos.
9. Company Registrars:
City Securities (Registrars) Limited,
Primrose
Towers,
17A Tinubu
Street, Lagos.
10. Subsidiaries/Associates:
Inks Specialities Limited
11. End of Accounting Year
31st December.
12. Capital Structure
i.Authorised:
N60,000,000.00
ii Paid-Up N40,000,000.00
13. No. of Employees
41
14. Structure of Shareholding
Rommac Agencies Ltd
- 76.32%
Other Nigerians & Associations - 23.68%.
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS EMPLOYED:
2006 2005 2004 2003 2002
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 1,689,469 744,918 855,661 617,805 427,553
Net current (liabilities)/Assets 557,777 (174,993) (166,759) (120,475) (117,132)
Long term liabilities (1,338,145) (260,787) (406,245) (238,376) (74,342)
———— ———— ———— ———— ————
Net Assets 909,101 309,138 294,901 258,954 236,079
======= ======= ====== ====== ======
CAPITAL AND RESERVES:
Share capital 40,000 40,000 40,000 40,000 40,000
Share premium 23,378 23,378 23,378 23,378 23,378
Revaluation reserve 1,176,727 388,813 388,813 388,813 388,813
General Reserve 331,004 (143,053) (168,672) (193,237) (216,112)
--------- --------- --------- --------- --------
909,101 309,138 283,519 258,954 236,079
===== ===== ===== ===== =====
TURNOVER AND PROFITS/(LOSS) & APPROPRIATION:
Turnover 1,082,099 562,711 635,999 200,330 48,763
===== ===== ===== ===== =====
Profit/(loss) before taxation 19,187 20,937 27,565 25,108 (47,629)
Taxation (8,765) (6,700) (3,000) (2,233) -
--------- --------- --------- --------- --------
Profit/(loss) after tax 10,422 14,237 24,565 22,875 (47,629)
Deferred Taxation (183,720) - - - -
--------- --------- --------- --------- --------
(173,298) 14,237 24,565 22,875 (47,629)
===== ===== ===== ===== =====
PER SHARE DATA (NAIRA)
Earnings
- Basic (2.17) 0.18 0.31 0.28 (0.60)
Adjusted (2.17) 0.18 0.31 0.28 (0.60)
Net Assets 11.36 3.86 3.68 3.54 3.24
NOTE:
Earnings per share are based on profit/(Loss)
after tax and are adjusted on he basis of the issued share capital as at
31st December 2006. Net Assets values per share are based on the issued
share capital as at 31st December of the relevant year.
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