Educational Materials Production and Distribution Enterprise
Overview
The Educational Materials Production and Distribution Enterprise — filed by Ethiopian Investment Holdings under the variant name Education Material Production and Development Ent. (EMPDE) — is a state-owned enterprise held by Ethiopian Investment Holdings. Its statements describe its principal activity as producing and distributing educational materials to governmental, non-governmental and private organizations across Ethiopia. It reports on an Ethiopian fiscal year ending 7 July and is audited by TAY.
Revenue nearly halved to ETB 610.92M and profit after tax fell 82% to ETB 52.08M, cutting the net margin to 8%. Gross profit dropped to ETB 236.40M while general and administrative expenses rose to ETB 125.76M and a VAT expense of ETB 27.51M was charged. Investing outflows of ETB 242.28M, mainly property, plant and equipment purchases of ETB 187.57M, took cash and cash equivalents down to ETB 17.67M.
SourceETB 633.69M
ETB 52.08M
ETB 1.33B
SourceETB 581.61M
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Revenue | ETB 713.04M | ETB 1.02B | ETB 1.19B | ETB 633.69M |
| Total Expenses | ETB 554.61M | ETB 755.77M | ETB 902.29M | ETB 581.61M |
| Net Profit | ETB 158.43M | ETB 261.83M | ETB 286.37M | ETB 52.08M |
| Operating Revenue | ETB 692.82M | ETB 979.72M | ETB 1.16B | ETB 610.92M |
| Other Income | ETB 20.22M | ETB 37.88M | ETB 29.87M | ETB 22.77M |
| Cost Of Sales | ETB 397.98M | ETB 520.94M | ETB 633.18M | ETB 374.52M |
| Gross Profit | ETB 294.84M | ETB 458.78M | ETB 525.6M | ETB 236.4M |
| Selling Distribution Expenses | ETB 19.47M | ETB 20.42M | ETB 20.02M | ETB 20.14M |
| General Admin Expenses | ETB 65.46M | ETB 85.77M | ETB 115.87M | ETB 125.76M |
| Operating Profit | ETB 230.14M | ETB 390.47M | ETB 419.59M | ETB 113.27M |
| Finance Costs | ETB 2.7M | ETB 1.1M | ETB 1.72M | ETB 4.97M |
| Profit Before Tax | ETB 227.43M | ETB 378.97M | ETB 417.87M | ETB 80.79M |
| Income Tax Expense | ETB 69M | ETB 117.14M | ETB 131.5M | ETB 28.71M |
| Other Expense | — | ETB 10.4M | — | — |
| Vat Expense | — | — | — | ETB 27.51M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Assets | ETB 1.12B | ETB 1.34B | ETB 1.44B | ETB 1.33B |
| Equity | ETB 320.1M | ETB 321.25M | ETB 293.99M | ETB 263.36M |
| Non Current Assets | ETB 290.41M | ETB 296M | ETB 364.03M | ETB 679.17M |
| Current Assets | ETB 826.21M | ETB 1.04B | ETB 1.08B | ETB 647.49M |
| Total Liabilities | ETB 796.52M | ETB 1.02B | ETB 1.15B | ETB 1.06B |
Cash flow
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Operating | -ETB 45.99M | ETB 188.63M | ETB 223.22M | ETB 180.36M |
| Investing | -ETB 8.99M | -ETB 16.35M | -ETB 84.74M | -ETB 242.28M |
| Financing | ETB 0 | -ETB 90.3M | -ETB 181.4M | -ETB 144.58M |
Financial health
Return on equity (ROE)
19.8%
Return on assets (ROA)
3.9%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Competitors
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