48

Annual Report & Accounts 2012 Presco Plc

Embed Size (px)

DESCRIPTION

Financial Accounts for Presco Plc, a Nigerian agricultural company.

Citation preview

  • COS PE lR cP

    RC 07 1 374

  • COS PE lR cP

    RC 07 1 374

  • PRESCO PLC Annual Report - 20126

    Chairmans Statement

  • No of Holders Holders% Holders Cum Units Units % Units Cum1 1,000 2,383 25.29% 2,383 1,679,420 0.17% 1,679,420

    1,001 5,000 3,831 40.66% 6,214 10,407,136 1.04% 12,086,5565,001 10,000 1,351 14.34% 7,565 10,985,961 1.10% 23,072,51710,001 50,000 1,394 14.79% 8,959 33,105,518 3.31% 56,178,03550,001 100,000 256 2.72% 9,215 20,206,658 2.02% 76,384,693100,001 500,000 157 1.67% 9,372 33,714,693 3.37% 110,099,386500,001 1,000,000 19 0.20% 9,391 13,676,475 1.37% 123,775,861

    1,000,001 5,000,000 21 0.22% 9,412 47,762,038 4.78% 171,537,8995,000,001 10,000,000 4 0.04% 9,416 31,286,998 3.13% 202,824,897

    100,000,001 50,000,000 5 0.05% 9,421 115,541,315 11.55% 318,366,212500,000,001 100,000,000 1 0.01% 9,422 81,633,788 8.16% 400,000,000

    5,000,000,001 1,000,000,000 1 0.01% 9,423 600,000,000 60.00%Grand Total

    Rang

    1,000,000,0009,423 100.00% 1,000,000,000 100.00%

  • PRESCO PLC Annual Report - 2012 29

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • PRESCO PLC Annual Report - 201230

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • PRESCO PLC Annual Report - 2012 31

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • PRESCO PLC Annual Report - 201232

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • PRESCO PLC Annual Report - 2012 33

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • PRESCO PLC Annual Report - 201234

    Notes To The Financial StatementsFor The Year Ended December 31, 2012Contd

  • 11. Intangible assets

    At January 1, 2011CostAccumulated amortizationNet book valueYear ended December 31, 2011Opening net book valueAdditionsAmortization for the yearClosing net book valueAt December 31, 2012CostAccumulated amortizationNet book value

    Year ended December 31, 2012Opening net book valueAdditionsRevaluation

    Software N

    167,922

    (41,013) 126,909

    126,909

    109,176 (70,022) 166,063

    285,101

    (116,078) 169,024

    166,063 469

  • Vehicles &Leasehold Processing Heavy Duty Wheel Furniture Work-In-

    Building Land Equipment Equip Tractors & Fittings Utilities Progress Total=N= =N= =N= =N= =N= =N= =N= =N= =N=

    At January 1, 2011Deemed Cost 519,768 1,272,724 2,914,982 352,034 562,099 264,773 236,087 1,953,612 8,076,079Accumulated Depreciation 230,751 447,406 1,494,114 134,299 318,958 247,760 152,350 0 3,025,638Net Book Value 289,017 825,318 1,420,868 217,735 243,141 17,013 83,737 1,953,612 5,050,441

    Year ended December 31, 2011At January 1, 2011 289,017 825,318 1,420,868 217,735 243,141 17,013 83,737 1,953,612 5,050,441Additions 89,507 1,810 729,331 40,636 183,950 34,990 9,036 -843,969 245,291Reclassification 914,721 0 515,704 0 110 0 0 0 1,430,535Disposals - - - - (671) - - - (671) Depreciation for the period (28,850) (59,326) (230,703) (45,601) (85,158) (8,728) (16,136) - (474,502) Closing net book value 1,264,395 767,802 2,435,200 212,770 341,372 43,275 76,637 1,109,643 6,251,094

    At December 31, 2011Cost 1,523,996 1,274,534 4,160,017 392,670 706,395 299,763 245,123 1,109,643 9,712,141 Accumulated depreciation 259,601 506,732 1,724,817 179,900 365,023 256,488 168,486 - 3,461,047 Net book value 1,264,395 767,802 2,435,200 212,770 341,372 43,275 76,637 1,109,643 6,251,094

    Year ended December 31, 2012At January 1, 2012 1,264,395 767,802 2,435,200 212,770 341,372 43,275 76,637 1,109,643 6,251,094 Additions 165,274 - 837,008 269,175 325,614 13,490 33,957 1,398,498 3,043,016 Disposals (176,705) (4,998) (181,703) Depreciation for the period (30,396) (58,962) (269,026) (79,132) (109,259) (12,419) (18,422) - (577,616) Closing net book value 1,399,273 708,840 3,003,182 226,107 552,730 44,345 92,172 2,508,141 8,534,791

    At December 31, 2012Cost 1,689,270 1,274,534 4,997,025 485,139 1,027,012 313,253 279,080 2,508,141 12,573,454 Accumulated depreciation 289,997 565,694 1,993,843 259,032 474,282 268,907 186,908 - 4,038,663 Net book value 1,399,273 708,840 3,003,182 226,107 552,730 44,345 92,172 2,508,141 8,534,791

  • PRESCO PLC Annual Report - 201246

  • PRESCO PLC Annual Report - 2012 47

    Note

  • COS PE lR cP

    RC 07 1 374