Income Statement

DH Chemicals

Particulars 2005 2006

Sales-net 3290547342 3881749695
Cost of goods sold 2030603390 2570246167
Gross Profit 1259943952 1311503528
Sselling and admin expenses 202522869 236129083
Operating Profit 1057421083 1075374445
Finance Cost 258059216 555469279
Other Income 1775777364 1047260406
Other Operating Expensees 56501043 70508258
Profit before taxation and share from association 2518638188 1496657314

Share of profit from associate 1049326198 1092926538

Profit before taxation 3567964386 2589583852
Provision for taxation 332600000 212200000
Share of profitn from Associate 367419431 323177058
Profit after taxation 2867944955 2054206794
 DH Chemicals
Balance Sheet

Particulars 2006 2005

Liabilities
Share Capital &
Reserves

Issued,subscribed 828662400 720576000

and paid up capital

Revenue Reserves 8204369794 6728425240

Fair value reserve on 240111684 1906238414

short term investment

Total Equity 9273143878 9355239654

NON-CURRENT
LIABILITIES

Deffered Taxation 172200000 46800000

Staff retirement and 45693082 40299079

other service benefits

Total Non-current 217893082 87099079

liabilities

Current liabilities

Short term financing- 5924514565 2334900269

secured
Short term financing- 5924514565 2334900269
secured

Trade & other 490446012 631691242

payables

Markup payable on 169893509 48239280

secured loans

Provision for taxatoin 86800000 330000000

Total Current 6671654086 3344830791

Liabilities

TOTAL LIABILITIES 16162691046 12787169524

DH Chemicals
Balance Sheet

Particulars 2006 2005

Assets
Fixed Capital
Expenditure

Property,plant and 1271931809 462099854

equipment

Capital wip 75442444 228199667

Total Fixed Assets 1347374253 690299521

Investment in associate 6292386865 5732602699

Loong term Loans & 12799615 643810

advances

CURRENT ASSETS

Stores,spares and loos 759952372 646509899

tools

Stock in trade 237295434 164432448

Trade Debts 2502849 3850344

Loans,advances,deposits, 298706918 402983667

prepayments and other
receivables
Loans,advances,deposits, 298706918 402983667
prepayments and other
receivables

Short term investments 7155378175 4746928000

Cash and Bank balances 56294565 398919136

Total Current Assets 8510130313 6363623494

TOTAL ASSETS 16162691046 12787169524