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1. Head Office:
UAC House
1/5 Odunlami Street,
P. O. Box 156,
Lagos.
Tel: 234-01-2662856, 2660889
Fax: 234-01-2662681
2. Nature of Business:
Real Estate Development
3. Date of Incorporation:
6th October, 1997
4. Date Listed on The Exchange:
19th November, 1998
5. NSE Classification:
Real Estate.
6. Board of Directors:
Lt. Gen. Mohammed Inuwa Wushishi (Rtd.), GCON, CFR,
FSS, PSC (Chairman)
Mr. Abdul Akhor Bello (Managing Director)
Mrs. Folasade Oluwatoyin Ogunde
Mr. Victor Gabriel Hammond
Hon. (Dr.) Ibrahim Alawo Mohammed
Mr. Larry Ephraim Ettah
Mrs. Nana Dawodu
Mr. Olumide Abayomi
Oduntan (Alternate)
7. Company Secretary:
Godwin Abimbola Samuel, Esq.
UAC House,
1/5 Odunlami Street, Lagos.
8. Auditors:
PricewaterhouseCoopers
(Chartered Accountants)
252E, Muri Okunola Street,
Off Ajose Adeogun Street,
Victoria Island,
P. O. Box
2419, Lagos.
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9. Company Registrars:
UAC Registrars Limited
UAC House, (2nd Floor),
1/5 Odunlami Street,
P.O. Box
2183,
Lagos.
Tel: 234-01-2663241, 2666229
10. Subsidiaries/Associates:
UPDC Hotels Limited
Manor Gardens Property Dev. Co. Ltd.
UAC of Nigeria Plc.
1004 Estates Limited
UNICO CPFA Limited
11. End of Accounting Year
31st December
12. Number of Employees
175
13. Capital Structure
i. Authorised: N1,000,000,000.00
ii. Paid-Up N550,000,000.00
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Share capital 550,000 550,000 500,000 500,000 550,000
Share premium 4,252,648 4,252,648 4,252,648 4,320,148 4,320,148
Capital reserve 13,945,795 14,320,833 10,689,095 11,014,178 7,971,804
Proposed dividend 535,912 385,000 275,000 200,000 450,000
Revenue reserve 1,909,328 1,472,773 1,048,098 446,202 468,121
-------------- ------------- ------------- ------------- ------------
Shareholders’
funds 21,193,683 20,981,254 16,814,841 16,480,528 13,710,073
Minority interest 9,737 22,188 (8,150) 9,430 7,801
-------------- ------------- ------------- ------------- ------------
Employment of funds 21,203,420 21,003,442 16,806,690 16,489,958 13,717,874 ========= ========= ========= ======== ========
BALANCE SHEET:
Fixed assets and
investment properties 32,608,816 28,099,025 21,117,423 18,993,780 15,361,233
Long Term Invests. 3,923,235 3,897,789 2,372,500 1,672,500 1,400,000
Current Assets 12,533,630 8,018,071 3,664,971 4,806,788 1,910,583
Liabilities (27,862,261) (18,993,443) (10,348,203) (8,983,110) (4,953,942)
------------ --------------- ------------- ------------- -----------
Net Assets 21,203,420 21,003,442 16,806,691 16,489,958 13,717,874
======= ======== ========= ======= =======
PROFIT AND LOSS ACCOUNT
Turnover 5,676,180 5,484,782 4,549,953 3,990,283 3,286,589
======= ======= ======== ======= =======
Profit before tax 1,418,121 1,368,898 1,003,069 665,255 1,063,654
Taxation (348,332) (406,503) (168,810) (207,173) (145,504)
-------------- -------------- ------------- --------------- ---------
Profit after taxation 1,069,789 962,395 834,259 458,082 918,150
Minority interest 533 3,712 8,650 (8,929) (7,300)
Profit after tax and
minority interest 1,070,322 966,107 842,910 449,153 910,850
Proposed dividend (535,912) (385,000) (275,000) (200,000) (450,000)
---------- ---------- ---------- --------- ----------
Retained profit 534,410 581,107 567,910 249,153 460,850
===== ===== ====== ===== =====
Earnings per share (k) 97 88 77 45 91
Dividends per share (k) 49 35 25 20 45
Net assets per share (N) 19.3 19.1 15.3 16.5 13.7
NOTE:
The dividend, earnings and
net assets per share are computed respectively on the proposed dividend,
the profit after taxation and the minority interest and the shareholders
funds each on the basis of the number of shares in issue as at 31 December.
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