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1. Head Office:
AP House, 54/56
Broad Street,
P. O. Box
512, P. M. B. 12690, Lagos.
Tel: 234-01-2600050-7;
Telex: 28690 AYEPEE NG.
Fax: 234-01-2634341.
E-mail: aplagos@applcng.com
2. Nature of Business:
Petroleum Products Marketing
3. Date of Incorporation:
11th December, 1964
4. Date Listed on The Exchange:
1978
5. NSE Classification:
Petroleum (Marketing)
6. Board of Directors:
Mr. Femi Peter Otedola (Chairman/CEO)
Osa Osunde (Vice Chairman)
Tunde Joel Falasinnu (Chief Operating Officer)
Rev. Layiwola Bolodeoku
Grace C. Ekpenyong (Mrs.)
Sebastian Adigwe
Segun Senbanjo
Josiah Wukari Wasa
Stanley
Lawson
Clement Aviomoh
7. Company Secretary:
Elizabeth Obiajulu Idigbe (Mrs.)
8. Joint Auditors:
Aminu Ibrahim & Co.
(Chartered Accountants)
26, Post
Office Road, Kano,
Kano
State.
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road,
Lagos.
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9. Company Registrars:
Afribank Registrars Limited
(Subsidiary of Afribank Nigeria Plc)
2A Gbagada Expressway
Anthony Village, Lagos
10. Subsidiaries/Associates:
AP Ghana Limited
Star-AP Joint Venture
AP Tchad
AP Properties Limited
Gasland Company Limited
11. End of Accounting Year
31st December
12. Number of Employees
346
13.Capital Structure
i. Authorised: N5,000,000,000.00
ii. Paid-Up N394,393,919.00
14. Analysis of Shareholding
Asset Management Nominees Ltd - 16.19%
Zenon Petroleum & Gas Limited - 30.34%
ZSL A/c FOZ -
11.71%
Other Nigerian Citizens & Asso. - 41.76%
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FIVE-YEAR FINANCIAL SUMMARY
BALANCE
SHEET 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 9,444,394 8,760,208 8,245,385 7,784,173 2,969,955
Long term investments 115,539 1,971,967 2,012,052 2,265,790 584,793
Net current liabilities (1,262,343) (5,924,836) (7,446,467) (14,749,854) (19,838,799)
Term Loans and provisions (929,641) (2,352,109) (2,517,270) (2,868,894) (4,356,189)
------------- ------------- ------------- ------------- ------------
7,367,949 2,455,230 293,700 (7,568,785) (20,640,241)
======= ======= ======= ======= =======
Share Capital 394,394 394,394 394,394 216,000 108,000
Share premium 19,320,887 19,320,887 19,320,887 8,067,624 94,279
Revaluation reserve 4,749,621 4,749,621 4,749,621 4,749,621 -
General Reserve (17,096,953) (22,009,672) (24,171,202) (20,602,030) (20,842,520)
------------- ------------- ------------- ------------- ------------
7,367,949 2,455,230 293,700 (7,568,785) (20,640,241)
======= ======= ======= ======= =======
PROFIT AND LOSS ACCOUNT:
Turnover 102,026,373 81,934,351 42,761,163 58,110,054 34,395,273
Profit/(Loss) before
taxation 7,049,328 2,437,632 (3,369,651) 1,026,812 698,577
Taxation (1,347,821) (276,102) (199,521) (136,692) (87,725)
Profit/(Loss) after taxation 5,701,507 2,161,530 (3,569,172) 890,120 610,852
PER SHARE DATA (Kobo):
Earnings/(Loss) basic 7.23 2.74 (4.52) 2.06 1.41
Dividend basic 7.00 1.00 - - -
Net asset 14.99 3.11 0.37 (18) (96)
NOTE:
Earnings per share is based
on profit after tax and the number of ordinary shares of 50k in issue at
the end of each financial year. Net asset per share is based on the number
of ordinary shares of 50k in issue at the end of each financial year.
Dividend per share is based on the dividend proposed for the year, which is
subject to approval at the Annual General Meeting divided by the number of
ordinary shares of 50k in issue at the end of the financial year.
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