2nd quarter results
2006年4月1日 - 12:19AM
ＲＮＳを含む英国規制内ニュース （英語）
RNS Number:7933A
ZCCM Invs.Hldgs PLC
31 March 2006
ZCCM Investments Holdings Plc
Incorporated in the Republic of Zambia
Directors' Quarterly Summary
incorporating Financial Results
for the quarter ended 31 December 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
ZCCM - IH Group Turnover of K27,020 million was achieved during the quarter
ended 31 December 2005 compared to K31,702 million at December 2004. Group operational
expenditure was K37,076 million compared to K42,293 million last year.
A net operating profit of K178,359 million was recorded in the quarter, compared
to last year's profit of K12,541 million. The profit reported was mainly on
account of exchange gains of K178,710 million compared to the exchange gain of
K23,023 million at 31 December 2004.
The Shareholding of AHC Mine Municipal Services Limited, a wholly owned
subsidiary of the company was finally handed over to the designated District
Councils on the Copperbelt on 19 January 2006 by Deed of Gift.
Subsequent to the quarter end, the company has signed a Subscription Agreement,
with Equinox Minerals Limited for the acquisition of shares worth US$30 million
relating to the Lumwana Copper Project in the North Western province of Zambia.
At the conclusion of the deal by 30 June 2006, ZCCM-IH will be entitled to a
sole director appointment on the board of the Zambian based company, Equinox
Copper Ventures Limited, which is to run the operations of the Lumwana Copper
Project.
By order of the Board
W S Musama
Company Secretary
Lusaka
29 March 2006
ZCCM INVESTMENTS HOLDINGS PLC
GROUP PROFIT/( LOSS) ACCOUNT FOR THE QUARTER ENDED 31 DECEMBER 2005
QUARTER ENDED QUARTER ENDED
31 Dec 2005 31 Dec 2004
Notes K' million K' million
Turnover 1 27,020 31,702
Cost of Turnover 2 (37,076) (42,293)
Operating profit/ (10,056) (10,591)
(loss)
Other income 10,716 10,681
Consideration for dilution in KCM - 80,640
Loss on dilution in - (88,840)
KCM
Exchange gain/(loss) 178,710 23,023
Environmental (4,767) (5,238)
expenses
Interest charge (471) (65)
Interest income 3,662 338
Dividend 854 5,163
receivable
Royalty on (330) (435)
minerals
Profit/(loss) before taxation 178,318 14,676
Income tax 41 (2,135)
Retained profit/ 178,359 12,541
(loss)
Notes:
1 Represents Turnover for the Company and its subsidiaries.
2 Represents Cost of Turnover, which includes Administrative
costs, for the
Company and its subsidiaries.
3 The exchange rates applied are :
30 Dec 2005 US$ = K3538
30 Sept 2005 US$ = K4492
30 Dec 2004 US$ = K4,801
ZCCM INVESTMENTS HOLDINGS PLC
GROUP BALANCE SHEET As at 31 Dec 2005 As at 31 Dec 2004
K' million K' million
Current assets
Bank & cash 67,254 74,882
Inventories 26,451 15,232
Other debtors 379,906 307,375
-------------- ---------------
Total current assets 473,611 397,489
Current liabilities
Creditors (44,094) (43,329)
Provisions (330,432) (297,041)
Taxation (3,154) (4,625)
Total current liabilities (377,680) (344,995)
Net current assets/(liabilities) 95,931 52,494
Long term receivables 47,180 161,965
Investments 368,662 361,495
Fixed assets 134,464 88,279
Long term borrowings (999,257) (1,352,839)
Grants/others 0 (14,074)
Subordinated loan (865,445) (865,445)
-------------- ---------------
Total Net Liabilities (1,218,465) (1,568,124)
-------------- ---------------
Financed by:
Share capital 913 909
Grant Reserve 3,038
Reserves (1,222,416) (1,569,033)
-------------- ---------------
Total shareholders' funds (1,218,465) (1,568,124)
-------------- ---------------
ZCCM INVESTMENTS HOLDINGS PLC
GROUP CASH FLOW STATEMENT
Quarter ended Quarter ended
31 Dec '05 31 Dec '04
K' million K' million
Operating activities
Cash received from customers 10,758 12,174
Cash paid to suppliers and employees (32,429) (14,809)
--------- ------------
Net cash generated from operating activities (21,671) (2,635)
Interest received and other operting income 5,846 6,918
Interest paid (402) (65)
Taxation paid (1,768) (1,396)
--------- ------------
3,676 5,457
Net cashflow from operating activities (17,995) 2,822
Investing activities
Purchase of fixed assets (15,582) (5,313)
(15,582) (5,313)
Financing activities
Long term borrowings received 0 9,522
Long term borrowing and Dividends paid (374) (454)
Grants 15,925 -
--------- ------------
Net cashflow from investing activities 15,551 9,068
Dividend received 854 5,163
--------- ------------
16,405 14,231
Net cash inflow/(outflow) for period (17,172) 11,740
---------
Cash balances at start of period
Cash and bank balances 84,427 63,143
--------- ------------
84,427 63,143
Cash balances at end of period
Cash and bank balances 67,255 74,883
--------- ------------
67,255 74,883
CORPORATE LOCATIONS
Registered office Kitwe office
Mukuba Pension House Investments House
First Floor Kantanta Street
5309 Dedan Kimathi Road P O Box 20172
P O Box 30048 KITWE
LUSAKA
Lusaka, 10101, Zambia Tel Numbers
Technical 260 (02) 245018
Tel Numbers 260 (01) 221023 Environment 245054
220351 Legal 245126
220654 Property 245142
228833
Fax Numbers 260(01) 221057 Fax Numbers 260(02) 222638
220449 222639
220727 222640
E-mail:corporate@zccm-ih.com.zm E-mail:corporate@zccm-ih.com.zm
UK Registrars
CAPITAL IRG Plc Depository for American Shares
Bourne House
34 Beckenham Road JP Morgan Chase & Co
Beckenham 60 Wall STreet
Kent BR3TU New York, NY 10260-0060
England United States of America
Tel No. 020 8639 2000 Tel No. 001 212 648 3207
Fax No. 020 8658 3430 Fax No. 001 212 648 5104/5
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR WUUCGWUPQGAG
Zccm Investments (LSE:ZCC)
過去 株価チャート
から 6 2024 まで 7 2024
Zccm Investments (LSE:ZCC)
過去 株価チャート
から 7 2023 まで 7 2024
