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1. Head Office:
28/32, Industrial
Avenue,
Ilupeju Industrial Estate,
Ilupeju, Lagos.
P. O. Box 3445, Lagos.
Tel: 234-01-4977700 - 3; 8042842, 8891443
FACSIMILE 4930449; FAX: 234-01-5556842
E-mail: applc@academypress-plc.com
Website: www.academypress-plc.com
2. Nature of Business:
OFFSET LITHOGRAPHIC PRINTING Educational and Trade Books,
Confidential Printing, Full Colour Work such as Labels, Brochures,
Leaflets, Company Annual Reports, Posters, Maps, Calendar, Periodicals and
Diaries.
3. Date of Incorporation:
28th July, 1954
4. Date Listed on The Exchange:
15th June, 1995
5. NSE Classification:
Printing and Publishing
6. Board of Directors:
Alhaji B. A. Idris-Animashaun ( Chairman)
Mr. Olugbenga Ladipo (MD/CEO)
Mr. Richard B. Gamble
Sir (Chief) Simeon O. Oguntimehin, OON, JP
Martin G. Goodman
W. Babatunde Dabiri
Lasisi A. Aderibigbe
J. Babatunde
Fashanu
Olatunji Idris Animashaun
7. Company Secretary:
Genasec Nominees Limited
Kresta Laurel Complex (4th Floor)
376 Ikorodu
Road,
Maryland,
Ikeja,
P. O. Box
15016, Lagos.
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8. Auditors:
HLB-Z. O. Ososanya & Co.,
(Chartered Accountants)
NACRDB
Building
Plot 7, NERDC
Road,
Central Business District,
Alausa, Ikeja,
P. O. Box
1433, Lagos.
9. Company Registrars:
Sterling Registrars Limited
Knight Frank Building (8th Floor)
24 Campbell
Street, Lagos
Tel: 234-01-2635607
10. Subsidiaries/Associates:
Lithotec Limited
Academy Press Business Forms Ltd.
11. End of Accounting Year
31st March
12. Number of Employees:
313
13.Capital Structure
i. Authorised: N 150,000,000.00
ii. Paid-Up N 100,800,000.00
14. Analysis of Shareholding
Nigerians (Corporate and Individuals) 72.6%
Foreign Investors 24.0%
Staff 3.4%
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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
Turnover 1,605,432 1,110,554 930,895 802,502 780,800
====== ====== ====== ====== ======
Profit before tax 136,888 81,526 70,017 42,840 62,699
Taxation (25,112) (19,684) (22,202) (23,237) (15,542)
------------ ------------ ------------ ------------ ------------
Profit after tax 111,776 61,842 47,815 19,603 47,157
Minority interest (20,698) - - - -
Dividend (12,096) (12,096) (11,088) (10,080) (7,560)
------------ ------------ ------------ ------------ ------------
Retained earnings 78,982 49,746 36,727 9,523 39,597
====== ====== ====== ====== ======
BALANCE SHEET:
Fixed Assets 399,773 343,010 346,939 134,724 122,319
Investments 178 49,728 49,832 49,863 49,894
Current assets/(Liabilities) 78,058 46,228 42,273 50,031 38,932
Long term liabilities (34,358) (104,030) (157,367) - -
Deferred payment (44,157) (33,704) (30,192) (19,860) (4,930)
------------ ------------ ------------ ------------ ------------
Net assets 399,494 301,232 251,485 214,758 206,215
====== ====== ====== ====== ======
Share capital 100,800 100,800 100,800 100,800 75,600
Capital reserves 12,068 12,068 12,068 12,068 12,068
Share premium 32,665 36,495 36,495 36,495 37,475
Reserve for bonus issue - - - - 25,200
General reserve 253,961 151,869 102,122 65,395 55,872
----------- ----------- ----------- ----------- -----------
Shareholders’ funds 399,494 301,232 251,485 214,758 206,215
====== ====== ====== ====== ======
Per Share Data -Adjusted
(kobo)
Earnings 45 31 31 26 27
Dividend 6 6 5 4 -
Net assets 198 149 136 111 90
Dividend cover (Times) 9.2 5.1 4.3 1.9 6.2
Notes:
Basic earnings per share for
the five years have been calculated on the basis of the ordinary shares of
50 kobo each in issue at the end of the respective years. Adjusted earnings
dividend and net asset per share are calculated on the basis of 201,600,000
ordinary shares of 50 kobo each in issue and after tax profit at 31st
March, 2008.
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