4th Quarter Results
2005年10月3日 - 8:00PM
ＲＮＳを含む英国規制内ニュース （英語）
RNS Number:0832S
ZCCM Invs.Hldgs PLC
03 October 2005
ZCCM Investments Holdings Plc
Incorporated in the Republic of Zambia
Directors' Quarterly Summary
incorporating Financial Results
for the quarter ended 30 June 2005
DIRECTORS
Mr G K Chibuye (Non-Executive)
Chairman of the Board
Dr S Musokotwane
Director
Mr L Nkhata
Director
Mr G P Mukala
Director
Dr D H Kalyalya
Director
Mr E Mutale
Director
Mrs L I Ng'andwe
Director
Management Committee
General Manager
Vacant
Company Secretary
Mr W S Musama Acting Chairman
Technical Investments Manager
Mr J M D Patterson
Finance and Investments Manager
Mr Z Zekko
Legal Investments Manager
Mr J K Kaite
Technical Investments Officer
Mr W K Katoto
Environmental Manager
Mr J Makumba
Financial Analyst
Mr K K Mulaisho Committee Secretary
ZCCM INVESTMENTS HOLDINGS Plc
and its subsidiary companies
DIRECTORS' QUARTERLY SUMMARY
The Group turnover of K41,465 million was achieved during the quarter ended 30
June 2005 compared to K32,421 million at June 2004. During the quarter, the
group recorded operational expenditure of K39,473 million compared to K27,680
million for the corresponding quarter last year.
An operating profit of K1,992 million was recorded in the quarter under review,
against a profit of K4,741 million in the quarter ended 30 June 2004. There
were exchange gains of K5,733 million in the quarter compared to exchange losses
of K22,876 million last year. The Kwacha had appreciated from K4,709/US$ as at
31 March to K4,698/US$ at 30 June 2005.
The net loss of K24,615 million reported was mainly on account of the K27,760
million provision to Mukuba Pension Scheme. There was an environmental
expenditure of K9,882 million compared to K382 million in the quarter to June
2004 due to increased environmental remedial activity.
By order of the Board
W S Musama
Company Secretary
Lusaka
29 September 2005
ZCCM INVESTMENTS HOLDINGS PLC
GROUP PROFIT AND LOSS ACCOUNT FOR THE QUARTER ENDED 30 JUNE 2005
QUARTER QUARTER
ENDED ENDED
30 June 30 June
2005 2004
notes K' million K' million
Turnover 1 41,465 32,421
Cost of turnover 2 (39,473) (27,680)
Operating profit/ 1,992 4,741
(loss)
Other income 4,121 11,703
Exchange gain/ 5,733 (22,876)
(loss)
Environmental (9,882) (382)
expenses
- -
Interest charge (142) (1)
Interest income 1,645 295
Dividend 2,631 -
receivable
Royalty on (471) (452)
minerals
Exceptional Item 3 (27,760) -
(22,133) (6,972)
Income tax (2,482) (1,038)
Retained profit/ (24,615) (8,010)
(loss)
Notes:
1 & 2 Represents revenue/sales and administrative costs/cost of
turnover for the Company and its subsidiaries
3 Exceptional item relates to provision for the quarter on
Mukuba Pension Scheme. This is part of the Company's
portion of the total obligation arising from an actuarial
valuation that showed a deficit as at March 2000.
4 The exchange rates applied are:
30 June 2005 US$= K4698
30 June 2004 US$= K4853
31 March 2005 US$= K4709
ZCCM INVESTMENTS
HOLDINGS PLC
GROUP BALANCE As at 30 June As at 30 June
SHEET 2005 2004
K' million K' million
Current assets
Bank & cash 79,610 47,480
Inventories 22,547 12,784
Other debtors 309,995 321,912
--------------- ----------------
Total current 412,152 382,176
assets
Current
liabilities
Creditors (50,485) (45,240)
Provisions (320,776) (287,794)
Taxation (4,540) (2,117)
Bank overdraft 0 0
--------------- ----------------
Total current (375,801) (335,151)
liabilities
Net current assets/ 36,351 47,025
(liabilities)
Long term 65,464 92,222
receivables
Investments 368,662 450,356
Fixed assets 110,133 78,110
Long term (1,266,824) (1,374,327)
borrowings
Grants/others (28,337) 0
Subordinated loan (865,445) (865,445)
--------------- ----------------
Total Net (1,579,996) (1,572,059)
Liabilities --------------- ----------------
Financed by:
Share capital 909 909
Reserves (1,580,905) (1,572,968)
--------------- ----------------
Total shareholders' (1,579,996) (1,572,059)
funds --------------- ----------------
ZCCM INVESTMENTS HOLDINGS PLC
GROUP CASH FLOW STATEMENT
Quarter ended Quarter ended
30 June '05 30 June '04
K' million K' million
Operating activities
Cash received from customers 9,391 30,989
Cash paid to suppliers and employees (7,288) (47,107)
---------- ----------
Net cash generated from operating activities 2,103 (16,118)
Interest received and other operting income 6,932 3,193
Interest paid (220) (45)
Taxation paid (2,248) (1,264)
---------- ----------
4,464 1,884
Net cashflow from operating activities 6,567 (14,234)
Investing activities
Purchase of fixed assets (8,721) (8,554)
Proceeds from sale of fixed assets 0 8
Proceeds from sale of operating units 0 -
---------- ----------
(8,721) (8,546)
Financing activities
Long term borrowings received 8,563 9,287
Long term borrowing paid (4,702) -
Grants 8,923 6,688
---------- ----------
Net cashflow from investing activities 12,784 15,975
Dividend received 4,200 10,811
---------- ----------
16,984 26,786
Net cash inflow/(outflow) for period 14,830 4,006
---------- ----------
Cash balances at start of period
Cash and bank balances 10,725 43,605
---------- ----------
10,725 43,474
Cash balances at end of period
Cash and bank balances 25,555 47,480
---------- ----------
25,555 47,480
CORPORATE LOCATIONS
Registerd Office
Mukuba Pension House
First Floor
5309 Dedan Kimathi Road
P O Box 30048
Lusaka
Zambia
Tel Nos 260 01 221023/220351/220654
Fax Nos 260 01 220727/221057/220449
E-mail:corporate@zccm-ih.com.zm
Kitwe Office
Investments House
Kantanta Street
P O Box 20172
Kitwe
Zambia
Tel 260 02 245018/245054/245142/245126
Fax 260 02 245364/245363/245473
E-mail:corporate@zccm-ih.com.zm
UK Registrars
CAPITA IRG PLC
Bourne House
34 Beckenham Road
Beckenham
Kent BR3 4TU
England
Tel No 020 8639 2000
Fax No 020 8658 3430
Depository for American Shares
JP Morgan Chase & Co
60 Wall Street
New York, NY 10260-0060
United States of America
Tel No 001 212 648 3207
Fax No 001 212 648 5104/5
This information is provided by RNS
The company news service from the London Stock Exchange
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