Hayleys Fabric PLCcomprehensive income

For the year ended March 31 2013

AmountRevenue 5812328Cost of Sales -5474950Gross Profit 337377Other Operating Income 4615

679370Administrative Expenses -511375Distribution Expenses -94,180Net Financing Costs -190,773Loss Before Tax -454,336Income Tax Expense -5,266Loss for the Year -459,602

Other Comprehensive IncomeSurplus on revaluation of land 1,778Total Comprehensive Income, Net of Tax -457,824

Loss per Share -3.16

For the year ended March 31

Percentage

ESTERN MERCHANTS PLCCommon size Balance SheetFor the year ended March 31

2014Amount Percentage

ASSETSNON-CURRENT ASSETSProperty, Plant & Equipment 657,829 43.64Investment Property 507,692 33.68Intangible Assets 3,460 0.23Investments in SubsidiariesDeferred Tax Assets 38,673 2.57Amounts due from Related Parties

1,207,654 80.11CURRENT ASSETSInventories 118,755 7.88Trade & Other Receivables 42,499 2.82

Other Current Assets 51,370 3.41Short Term Investments 46,191 3.06Cash in hand & At Bank 40,998 2.72

299,813 19.89TOTAL ASSETS 1,507,467 100.00EQUITY & LIABILITIESCAPITAL & RESERVESStated Capital 16,561 1.10Revenue Reserves 556,309 36.90Other Components of Equity 456,578 30.29Total Equity 1,029,448 68.29Non Controlling Interest 43,336 2.87Total Equity 1,072,784 71.16NON-CURRENT LIABILITIES 113,856 7.55CURRENT LIABILITIES 320,827 21.28TOTAL LIABILITIES 434,683 28.84

TOTAL EQUITY & LIABILITIES 1,507,467 100.00

2013Hayleys Fabric PLC

comprehensive incomeFor the year ended March 31

2013Amount

Revenue 5812328Cost of Sales -5474950Gross Profit 337,377.00 Other Operating Income 4615

679370Administrative Expenses -511375Distribution Expenses -94,180Net Financing Costs -190,773Loss Before Tax -454,336Income Tax Expense -5,266Loss for the Year -459,602

Other Comprehensive Income 0Surplus on revaluation of land 1,778Total Comprehensive Income, Net of Tax -457,824

Loss per Share -3.16

Assets

2013Non-Current Assets

Percentage Amount100.00 Property, plant and equipment 3036584-94.20 Intangible assets 858775.80 31224610.08

11.69 Current Assets-8.80 Inventories 980272-1.62 Trade receivables 313316-3.28 Other receivables 131604-7.82 Advances and prepayments 24262-0.09 Cash and cash equivalents 60520-7.91 Total Assets 1,509,974

4,632,4350.000.03-7.88

0.00

EQUITY AND LIABILITIES2013

Capital and ReservesPercentage Amount Percentage

65.55 Stated capital 1,441,916 31.131.85 Reserve on amalgamation 797,014 17.21

67.40 Revaluation reserve 146,662 3.17Retained earnings -1,052,753 -22.73Exchange fluctuation reserve 215,855 4.66

21.16 Total Equity 1,548,694 33.436.762.840.52 Non-Current Liabilities1.31 Interest bearing loans and borrowings 12,127 0.26

32.60 Deferred tax liabilities 192,374 4.15100.00 Retirement benefit obligations 156,453 3.38

360,954 7.79Current LiabilitiesTrade and other payables 766,177 16.54Interest bearing loans and borrowings 1,613,770 34.84Amounts due to Hayleys PLC 258,748 5.59Income tax payable 2,726 0.06Other non financial liabilities 81,367 1.76

2,722,788 58.78Total Equity and Liabilities 4,632,435 100.00

2012Hayleys Fabric PLC

comprehensive incomeFor the year ended March 31

2012Amount

Revenue 5252793Cost of Sales -5089794Gross Profit 162,999Other Operating Income 0

325,998Administrative Expenses -841694Distribution Expenses -62859Net Financing Costs -116292Loss Before Tax -857846Income Tax Expense -9123Loss for the Year -866969

Other Comprehensive Income 0Surplus on revaluation of land 0Total Comprehensive Income, Net of Tax -866969

Loss per Share -13.69

Assets

End April 12012

Percentage Amount100.00 Non-Current Assets-96.90 Property, plant and equipment 3335830

3.10 Intangible assets 6350.00 33364656.21

-16.02 Current Assets-1.20 Inventories 1,220,787-2.21 Trade receivables 222,444

-16.33 Other receivables 117,182-0.17 Advances and prepayments 28,847

-16.50 Cash and cash equivalents 95,9570.00 Total Assets 1,685,2170.00 5,021,6820.00

-16.500.000.00

EQUITY AND LIABILITIES

EQUITY AND LIABILITIES2012

PercentageCapital and Reserves

66.43 Amount0.01 Stated capital 527,856

66.44 Reserve on amalgamation 803,838Revaluation reserve 146,166Retained earnings -593,151

24.31 Exchange fluctuation reserve 222,6914.43 Total Equity 1,107,4002.330.571.91 Non-Current Liabilities

33.56 Interest bearing loans and borrow 68,835100.00 Deferred tax liabilities 191,582

Retirement benefit obligations 166,057426,474

Current LiabilitiesTrade and other payables 834,835Interest bearing loans and borrow 2,522,061Amounts due to Hayleys PLC 97,463Income tax payable 0Other non financial liabilities 33,448

3,487,807Total Equity and Liabilities 5,021,682

Percentage10.5116.01

2.91-11.81

4.4322.05

1.373.823.318.49

16.6250.22

1.940.000.67

69.45100.00

2011Hayleys Fabric PLC

comprehensive incomeFor the year ended March 31

end of March 31 Amount Percentage58,322,307 100.00-50853036 -771.967,469,271 113.3935,793 0.54(2,420,901) -36.75-11138012 -169.08(1235710) -18.76(7289559) -110.66210963 3.20(7078596) -107.45

Loss per share (0) 0.00

RevenueCost oat salesGross profitOther IncomeDistribution expansesAdrninistretnre expensesNet financing costsLoss before taxIncome tax expenseLoss for the. year

Amount PercentageNon current Assests

3,031,549 58.92

Current Assets28.57

415,045 8.07217,399 4.2310487 0.202,113,847 41.085,145,396 100.00

ASSETSNontunnt Assets

Property, plant and equipment

Inventories 1470,016Trade receivablesOtter receivables aid prepaymentsCash and cash equivalentsTotal Current AssetsTotal Assets

EQUITY AND LIABILITIES

Amount PercentageStated capital 527856 10.26reserve on amalgamation 690679 13.42Capital reserves 125589 2.44Revenue reserves 238473 4.63Exchange fluctuation reserves 177638 3.45Total Equity 1760235 34.21

0.00Non current liabilities 0.00Interest bearing loans and borrowings 202223 3.93Deferred benefit obligations 153930 2.99Retirement benefit obligations 151744 2.95Total Non-current Liabilities 507897 9.87

0.00Current Liabilities 0.00

212231 4.12Amounts due to Hayleys PLC 8812 0.17Trade and other payables 431473 8.39Short term interest bearing borrowings 2224748 43.24Total current liabilties 2877264 55.92Total Liabilities 3385161 65.79Total Equity and Liabilities 5145396 100.00

Current portion of the interset bearing loans and borrowings

2010Amount Percentage

Revenue 50056501 100.00Cost of Sales -39760005 -79.43Gross Profit 10296496 20.57Other Operating Income 888 0.00

Administrative Expenses -4713195 -9.42Distribution Expenses -839412 -1.68Net Financing Costs -1474249 -2.95Loss Before Tax 3270528 6.53Income Tax Expense -106901 -0.21profit /for the year 3163627 6.32

Earnings/per share 0.06 0.00dividend per share 0.02 0.00

Non-Current Assets Amount percentageProperty, plant and equipment 26737822 53.30

Total Non Current assests 3336465 6.65

Current AssetsInventories 12,245,678 24.41Trade receivables 9,433,679 18.80other receivables & prepayments 998,939 1.99Cash &cash equivalents 749,851 1.49Total current Assests 23,428,147 46.70Total Assets 50,165,969 100.00

Equity & LiabilitiesEquity

Amount PercentageStated capital 6,534,102 13.02Reserve on amalgamation 6,203,893 12.37Capital reserves 1,128,083 2.25Retained earnings -593,151 -1.18Revenue reserves 9,689,842 19.32Total Equity 23,555,920 46.96

Non-Current LiabilitiesInterest bearing loans and borr 1,401,354 2.79Deferred tax liabilities 1,653,483 3.30Retirement benefit obligations 1,074,307 2.14Total Non current Liabilities 4,129,144 8.23

Current LiabilitiesTrade and other payables 6,030,358 12.02Current portion of the interest 747,484 1.49Amounts due to Hayleys PLC 210,890 0.42Other payables and accruals 1,278,794 2.55Short term interest bearing bo 14,213,379 28.33Total current Liabilities 22,480,905 44.81Total Liabilities 26,610,049 53.04Total Equity and liabilities 50,165,969 100.00