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financial-statement
2016ECAudited Financial Statements, year ended Sene 30, 2016 E.C.
Ethiopian Trading and Business CorporationDisclosure summary
ETBC's audited financial statements for the year ended Sene 30, 2016 E.C. (7 July 2024), audited by Audit Services Corporation with a qualified opinion; engagement partner W/ro Banchiayehu Tamirat, signed 12 November 2025. The qualification covers an inventory count difference of ETB 28.94m in the Grain and Coffee Business Unit, a long-standing trade creditor balance of ETB 5.05bn owed largely to the Ministry of Finance and the National Disaster Prevention Program, and wheat borrowings not remeasured to market price. Revenue fell to ETB 9.65bn and profit after tax to ETB 525.30m; the report also restates the prior year's comparatives.
Disclosure details
- Institution
- Ethiopian Trading and Business Corporation
- Type
- financial-statement
- Fiscal year
- 2016EC
- Published
- Language
- English
- Pages
- 102
- File size
- 16.9 MB
- Source checked