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ABRIDGED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012
STATEMENTS OF FINANCIAL POSITION
THE GROUP
31 December 2012 31 December 2011
Rs
ASSETS
Non-current assets
Current assets
Rs
THE COMPANY
31 December 2012 31 December 2011
Rs
Rs
611,497,399
286,620,574
627,236,962
308,042,864
609,060,859
280,896,820
619,288,957
296,845,746
898,117,973
935,279,826
889,957,679
916,134,703
Attributable to:
Owners of the company
Non controlling interest
313,509,453
(4,837,608)
357,339,453
1,420,055
321,213,909
-
357,888,551
-
Non-current liabilities
262,805,879
213,219,069
257,579,135
207,925,286
Current liabilities
TOTAL EQUITY AND LIABILITIES
326,640,249
898,117,973
363,301,249
935,279,826
311,164,635
889,957,679
350,320,866
916,134,703
TOTAL ASSETS
Rs
Rs
Revenue
Operating Profit/(Loss)
Finance costs
Loss before taxation
Taxation
THE COMPANY
Year ended
Year ended
31 December 2012 31 December 2011
Rs
Rs
586,508,463
553,530,792
(37,893,043)
(18,003,406)
(55,896,449)
5,916,786
(214,704)
(15,141,491)
(15,356,195)
3,835,897
(25,139,431)
(17,343,997)
(42,483,428)
5,916,786
(2,310,414)
(14,486,456)
(16,796,870)
3,835,897
Rs
(49,979,663)
(11,520,298)
(36,566,642)
(12,960,973)
Rs
(108,000)
(50,087,663)
89,636,900
78,116,602
(108,000)
(36,674,642)
89,636,900
76,675,927
Rs
(43,722,000)
(6,257,663)
(49,979,663)
(12,243,131)
722,833
(11,520,298)
(36,566,642)
(36,566,642)
(12,960,973)
(12,960,973)
(43,830,000)
77,393,769
(36,674,642)
76,675,927
Rs
(6,257,663)
(50,087,663)
722,833
78,116,602
(36,674,642)
76,675,927
Rs
(6.15)
(1.72)
(Loss)/Profit attributable to
Owners of the parent
Non controlling interest
Total comprehensive income attributable to:
Owners of the parent
Non controlling interest
Loss per share
Equity holders
of the company
Rs
Year ended
31 December 2012
Non controlling
Interest
Rs
Total
Rs
Equity holders
of the company
Year ended
31 December 2011
Non controlling
Interest
THE COMPANY
Year ended
Year ended
31 December 2012 31 December 2011
Total
Rs
Rs
Rs
Balance at 1 January
Loss for the year
Other comprehensive income
357,339,453
(43,722,000)
(108,000)
1,420,055
(6,257,663)
-
358,759,508
(49,979,663)
(108,000)
283,500,976
(12,243,131)
89,636,900
697,222
722,833
-
284,198,198
(11,520,298)
89,636,900
357,888,551
(36,566,642)
(108,000)
284,767,916
(12,960,973)
89,636,900
(43,830,000)
(6,257,663)
(50,087,663)
77,393,769
722,833
78,116,602
(36,674,642)
76,675,927
321,213,909
357,888,551
Dividend
Balance at 31 December
(3,555,292)
Rs
313,509,453
(4,837,608)
308,671,845
357,339,453
(3,555,292)
1,420,055
358,759,508
(3,555,292)
THE COMPANY
Year ended
Year ended
31 December 2012 31 December 2011
Rs
Rs
38,437,121
49,838,324
41,854,881
44,384,466
(19,314,079)
(40,278,012)
(19,859,870)
(36,859,990)
(12,176,805)
(14,430,241)
(12,204,401)
(14,084,209)
Rs
(4,869,929)
9,790,610
(6,559,733)
(55,158,842)
(58,700,348)
(52,140,615)
(53,082,534)
(60,028,771)
(48,909,738)
(58,700,348)
THE GROUP
Year ended
Year ended
31 December 2012 31 December 2011
Rs
Rs
Revenue
Bottling and distribution
Advertising
586,508,463
20,484,042
553,530,792
30,083,353
Rs
606,992,505
583,614,145
Rs
(25,285,375)
(12,679,668)
(37,965,043)
(17,931,406)
(55,896,449)
5,916,786
(49,979,663)
(2,072,536)
1,857,832
(214,704)
(15,141,491)
(15,356,195)
3,835,897
(11,520,298)
Segment Results
Bottling and distribution
Advertising
Net Finance costs
Loss before taxation
Taxation
Loss after taxation
6,946,237
(60,028,771)
NOTES:
The audited condensed financial statements for the year ended 31 December 2012 are prepared using the same
accounting policies and methods of computation as those adopted in the statutory financial statements for the year ended 31st December 2011.
Group Results:
The group has increased its year on year turnover by 4%. However, the loss after tax has increased from Rs11.5m to Rs50m. This loss has been
driven principally from a fall in sales volume resulting from price increases driven by the water levy on drinks together with subsidiary losses
resulting from higher costs consequential to the introduction of a billboard tax on outdoor media.
PROSPECTS
The beverages industry remains highly competitive. The group has taken corrective measures and expects the results to improve in 2013.
However, the introduction of a significant tax on sugar drinks remains a threat to the industry.
By order of the Board
Currimjee Limited
Secretary
Dated this : 28 March 2013
The Board of Directors of Quality Beverages Limited accepts full responsibility for the accuracy of the information
contained in these condensed unaudited financial statements prepared in accordance with International
Financial Reporting Standards. Copies of the report are available to the public, free of charge, at the registered
office of the Company: 6 Sir William Newton St, Port Louis.
These Financial Statements are issued pursuant to DEM Rule 18
The statement of direct and indirect interests pursuant to the rule 8(2)(m) of the Securities Act(Disclosure Obligations
of Reporting Issuers) Rules 2007 is available upon request from the Company Secretary, Currimjee Limited.