Assets 2018 2017 Noun-current Asset: Property ,...
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Finance
Assets | 2018 | 2017 |
Noun-current Asset: Property , plant, and equipment | 995,510 | 1,011,694 |
Available for sale investments | 176,495 | 197,069 |
Total non non-current assets | 1,172,005 | 1,208,763 |
Current Asset: |
|
|
Investment | 16,902 | 16,902 |
Trade receivables | _ | _ |
Amounts due from related parties | 442 | 442 |
Cash at bank and on hand | _ | _ |
Total current asset | 17,334 | 17,334 |
Total assets | 1,189,349 | 1,226,107 |
Equity and liabilities
|
|
|
Shareholders equity: |
|
|
Share capital | 1,000,000 | 1,000,000 |
Legal reserve | 1,191 | 1,191 |
Accumulated losses | (3,357,038) | (3,124,801) |
Fair value reserve | 105,969 | 126,543 |
Total Shareholders equity | (2,249,878) | (1,997,076) |
Current Liability :
|
|
|
Borrowings | 3,135,310 | 2,904,036 |
trade and other payables | 104,609 | 108,389 |
Amounts due to related parties | 199,204 | 210,749 |
Total current liabilities | 3,439,123 | 3,223,174 |
Total equity and liabilities | 1,189,245 | 1,226,107 |
NET ASSETS VALUE PER SHARE | (2.250) | (1.997) |
| 2018 | 2017 |
Income
|
|
|
Other operating income | 54,052 | 50,262 |
EXPENSES: |
|
|
General and administrative | (47,019) |
|
expenses
|
| (94,088) |
Finance costs
| (239,270) | (216,326) |
Total expenses | (286,289) | ((260,152)) |
Loss before taxation | (232,237) | (260,152) |
Income tax expense |
|
|
Loss for the year |
|
|
Other comprehensive income: |
|
|
Change in fair value of available for sale Investments | (20,574) | 15,294 |
TOTAL COMPREHENSIVE LOSS FOR THE YEAR | (252,811) | (244,858) |
LOSS PER SHARE | (0/232) | (0/260) |
Risk Analysis:
Quick Ratio (Acid Test Ratio).
Working capital Activity ratio.
Long-Term Solvency Risk- Debt Ratios:
L.T. Debt Ratio.
Debt/Equity Ratio.
L.T. Debt/Asset Ratio.
Multiple Discriminant Analysis:
Altman's Z-Score.
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