AFROMEDIA PLCBALANCE SHEET
AS AT 30 SEPTEMBER 2012
2012 2011
N’000 N’000
Fixed assets 1,702,547 1,897,335
Long- term investments 350,322 352,353
Long- term assets 326,850 623,223
Intangible asset 6,930 -
CURRENT ASSETS
Inventories 513,299 511,593
Debtors and prepayments 1,224,315 5,400,136 Cash at bank and in hand 229,664 6,637
1,967,278 5,918,366
CURRENT LIABILITIES
Creditors and accruals (2,002,715) (2,319,476)
Bank overdrafts (1,185,691) (746,700)
Current portion of long term loans (292,981) (268,019)
Taxation (191,119) (195,137)
NET CURRENT (LIABILITIES)/ ASSETS (1,705,228) 2,389,034
TOTAL ASSETS LESS CURRENT
LIABILITIES 681,421 5,261,945
Deferred taxation (65,096) (31,396)
Staff retirement benefits (166,380) (158,003)
Long- term loans - (206,991)
NET ASSETS 449,945 4,865,555
FINANCED BY:
Share capital 2,219,524 2,017,748
Share premium 537,754 537,754
Asset revaluation reserve 1,727,088 1,727,088
Revenue reserve (4,034,421) 582,965
SHAREHOLDERS’ FUNDS 449,945 4,865,555
AFROMEDIA PLCPROFIT AND LOSS ACCOUNTFOR THE YEAR ENDED 30 SEPTEMBER 2012
2012 2011
N’000 N’000
Turnover 1,644,060 3,240,579
Cost of sales (1,127,401) (1,810,224)
GROSS PROFIT 516,659 1,430,355
Operating expenses (4,558,487) (1,612,803)
OPERATING LOSS (4,041,828) (182,448)
Other income 6,218 6,865
Interest and similar charges (338,697) (234,262)
LOSS BEFORE TAXATION (4,374,307) (409,845)
Taxation (41,303) 108,664
LOSS AFTER TAXATION (4,415,610) (301,181)
Basic loss per share (N0.99) (N0.07k)
Adjusted loss per share (N0.99) (N0.07k)
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