3rd Quarter Results
2005年6月30日 - 6:03PM
ＲＮＳを含む英国規制内ニュース （英語）
RNS Number:2592O
ZCCM Invs.Hldgs PLC
30 June 2005
ZCCM Investments Holdings Plc
Incorporated in the Republic of Zambia
Directors' Quarterly Summary
incorporating Financial Results
for the quarter ended 31 March 2005
DIRECTORS
Mr G K Chibuye (Non-Executive)
Chairman of the Board
Dr S Musokotwane
Secretary to the Treasury
Ministry of Finance and National Planning
Mr L Nkhata
Permanent Secretary
Ministry of Mines & Minerals Development
Mr G P Mukala
Permanent Secretary
Ministry of Energy & Water Development
Dr D H Kalyalya
Deputy Governor - Operations
Bank of Zambia
Mr E Mutale
General Secretary
Mineworkers' Union of Zambia
Mrs L I Ng'andwe
Commissioner - Finance
Zambia Revenue Authority
Management Committee
General Manager
Vacant
Company Secretary
W S Musama Acting Chairman
Technical Investments Manager
J M D Patterson
Finance and Investments Manager
Z Zekko
Legal Investments Manager
J K Kaite
Technical Investments Officer
W K Katoto
Environmental Manager
J Makumba
Financial Analyst
K K Mulaisho Committee Secretary
ZCCM INVESTMENTS HOLDINGS PLC
and its subsidiary companies
DIRECTORS' QUARTERLY SUMMARY
ZCCM - IH Group sales of K42,615 million was achieved during the quarter ended
31 March 2005 compared to K32,466 million at March 2004. During the quarter,
the group recorded operational expenditure of K46,951 million compared to
K31,865 million for the corresponding quarter last year.
An operating loss of K4,336 million was recorded in the quarter under review,
against a profit of K601 million in the quarter ended 31 March 2004. The
overall profit of K15,335 million reported were mainly on account of foreign
exchange gains of K17,362 million compared to last year's K47,155 million. The
Kwacha had gained against the US Dollar from K4,737 to K4,709.
Subsequent to quarter end, negotiations for the purchase by Athi River Mining of
Kenya of 30% shareholding in Ndola Lime Company Limited, a 100% subsidiary of
the Company were concluded, but approval of the transaction is still awaited.
AHC - Mining Municipal Services Limited assets are due to be transferred before
31 December 2005 to Nkana Water and Sewerage Company, who are representing the
district councils on the Copperbelt, the ultimate owners of the assets.
By Order of the Board
W S Musama
Company Secretary
Lusaka
29 June 2005
ZCCM INVESTMENTS HOLDINGS PLC
GROUP PROFIT/( LOSS) ACCOUNT FOR THE QUARTER ENDED 31 MARCH 2005
QUARTER QUARTER
ENDED ENDED
31 March 2005 31 March 2004
notes K' million K' million
Sales 1 42,615 32,466
Cost of sales 2 (46,951) (31,865)
Operating profit/ (4,336) 601
(loss)
Other income 778 3,487
Consideration for -
dilution in KCM
Loss on dilution in - -
KCM
Exchange gain/(loss) 17,362 (47,155)
Environmental (2,409) (620)
expenses
Impairment of -
Investments
Interest charge - (152)
Interest income 249 2,921
Dividend receivable 4,662 -
Royalty on minerals (401) (394)
Exceptional Item 3 - 11,314
Profit/(loss) before 15,904 (29,998)
taxation
Income tax (569) (1,429)
Retained profit/(loss) 15,335 (31,427)
Notes:
1 & 2 Represents revenue /sales and administrative costs/
cost of sales for the Company and its subsidiaries.
3 Exceptional item relates to ZESCO liability written off
by AHC Mining Municipal Services Ltd.
4 The exchange rates applied are :
31 March 2005 US$ = K4,709
31 March 2004 US$ = K4,737
GROUP BALANCE SHEET As at 31 As at
March 2005 31 March 2004
K' million K' million
Current assets
Bank & cash 64,780 43,836
Inventories 17,346 34,364
Other debtors 348,937 290,284
--------------- ---------------
Total current assets 431,063 368,484
Current liabilities
Creditors (57,967) (36,007)
Overseas 0 0
Provisions (317,653) (309,160)
0 0
Taxation (8,440) (12,123)
Bank overdraft 0 (374)
--------------- ---------------
Total current liabilities (384,060) (357,664)
Net current assets/(liabilities) 47,003 10,820
Long term receivables 154,136 100,674
Investments 368,662 449,409
Fixed assets 104,869 66,378
Long term borrowings (1,336,635) (1,319,107)
Grants/others (15,168) (9,006)
Subordinated loan (865,445) (865,445)
--------------- ---------------
Total Net Liabilities (1,542,578) (1,566,277)
--------------- ---------------
Financed by:
Share capital 909 909
Reserves (1,543,487) (1,567,187)
--------------- ---------------
Total shareholders' funds (1,542,577) (1,566,277)
--------------- ---------------
ZCCM INVESTMENTS HOLDINGS PLC
GROUP CASH FLOW STATEMENT
Quarter ended Quarter ended
31 March '05 31 March '04
K' million K' million
Operating activities
Cash received from customers 12,133 16,788
Cash paid to suppliers and employees (23,648) (25,976)
---------- ----------
Net cash generated from operating activities (11,515) (9,188)
Interest received and other operting income 4,177 5,224
Interest paid (523) (152)
Taxation paid (629) (866)
---------- ----------
3,025 4,206
Net cashflow from operating activities (8,490) (4,982)
Investing activities
Purchase of fixed assets (19,399) (13,357)
Proceeds from sale of fixed assets 0 -
Proceeds from sale of operating units 0 -
---------- ----------
(19,399) (13,357)
Financing activities
Long term borrowings received 9,305 8,408
Long term borrowing paid (936) -
Short term borrowings received 0 -
Short term borrowings paid 0
Grants 4,756 1,832
---------- ----------
Net cashflow from investing activities 13,125 10,240
Dividend received 4,662 6,007
---------- ----------
17,787 16,247
Net cash inflow/(outflow) for period (10,102) (2,092)
Cash balances at start of period
Cash and bank balances 74,882 45,928
Bank overdrafts 0 -
---------- ----------
74,882 45,928
Cash balances at end of period
Cash and bank balances 64,780 43,836
Bank overdrafts 0 (374)
---------- ----------
64,780 43,462
CORPORATE LOCATIONS
Registered Office UK Registrars
Mukuba Pension House CAPITA IRG Plc
First Floor Bourne House
5309 Dedan Kimathi Road 34 Beckenham Road
P O Box 30048 Beckenham
LUSAKA Kent BR3 4TU
Lusaka, 10101, Zambia England
Tel Numbers 260 (01) 221023 Tel No. 020 8639 2000
220351 Fax No. 020 8658 3430
220654
228833 Depository for American Shares
Fax Numbers 260 (01) 221057 JP Morgan Chase & Co
220449 60 Wall Street
220727 New York, NY 10260-0060
United States of America
E-mail:corporate@zccm-ih.com.zm
Tel No. 001 212 648 3207
Kitwe Office Fax No. 001 212 648 5104/5
Investments House
Kantanta Street
P O Box 20172
Kitwe
Tel Numbers 260 (02) 245018
245054
245142
245126
245320
Fax Numbers 260 (02) 245363
245364
245473
E-mail:corporate@zccm-ih.com.zm
This information is provided by RNS
The company news service from the London Stock Exchange
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