Marshalls East Africa Limited is a Kenya-based company. The Company is engaged in selling and servicing of motor vehicles.
LOCATION
Marshalls East Africa Ltd
Marshalls Building,, Koinange Street,
NAIROBI 00100
Kenya
PHONE
+254 202229547
FAX
+254 20535326
WEBSITE
Marchalls E.A. Income Statement
| Period Ended | 31 Mar 2016 | 31 Mar 2015 | ||
|---|---|---|---|---|
| Shs’ 000 | Shs’ 000 | |||
| Revenue | 81,247 | 105,254 | ||
| Cost Of Sales | (60,570) | （79,548） | ||
| Gross Profit | 20,677 | 25,706 | ||
| Other Operating Income | 35,680 | 15,202 | ||
| Provisions | (5,726) | (69,394) | ||
| Administrative Expenses | (62,316) | (60,679) | ||
| Other Operating expenses | (18,956) | (24,555) | ||
| Operating (loss) | (30,641) | (113,720) | ||
| Finance Income / costs | (11,290) | 21,592) | ||
| Share of profit of joint venture | 24,500 | 71,735 | ||
| (Loss) before tax | (17,431) | (20,393) | ||
| Tax | – | – | ||
| (Loss) for the year | (17,431) | (20,393) | ||
| (Loss) per share – basic and diluted | (1.21) | (1.41) |
Marshalls E.A Balance Sheet
| Period Ending | 31 Mar 2016 | 31 Mar 2015 | ||
|---|---|---|---|---|
| Shs’ 000 | Shs’ 000 | |||
| CAPITAL EMPLOYED | ||||
| Share Capital | 71,966 | 71,966 | ||
| Retained Earnings | 169,829 | 187,260 | ||
| Shareholders’ Funds | 241,795 | 259,226 | ||
| Non-Current Liabilities | ||||
| Preference Shares | 500 | 500 | ||
| Borrowings | – | 9,521 | ||
| Trade and other payables | 16,738 | 17,670 | ||
| 17,238 | 27,691 | |||
| 259,033 | 286,917 | |||
| REPRESENTED BY | ||||
| Non-Current Assets | ||||
| Property and Equipment | 22,001 | 27,434 | ||
| Investment in joint venture | 422,665 | 398,165 | ||
| 444,666 | 425,599 | |||
| Current Assets | ||||
| Inventories | 42,856 | 71,053 | ||
| Trade and other receivables | 14,142 | 40,930 | ||
| Cash and cash equivalents | 8,364 | 12,859 | ||
| Tax recoverable | 506 | 757 | ||
| 65,868 | 125,599 | |||
| Current Liabilities | ||||
| Borrowings | 8,344 | 8,616 | ||
| Trade and other payables | 243,501 | 255,665 | ||
| 251,501 | 264,281 | |||
| Net Current Liabilities | (185,633) | (138,682) | ||
| 259,033 | 286,917 |
Marshalls E.A Cash Flow Statement
| Period Ending | 31 Mar 2016 | 31 Mar 2015 | ||
|---|---|---|---|---|
| Shs’ 000 | Shs’ 000 | |||
| Operating Activities | ||||
| Cash For Operations | (5,784) | (50,850) | ||
| Interest Paid | (3,293) | (7.268) | ||
| Tax Paid | ————– | —————- | ||
| Net Cash For Operating Activities | (9,088) | (58,118) | ||
| Investing Activities | ||||
| Purchase Of Property | – | (2,526) | ||
| Dividend From Joint Ventures | – | 50,000 | ||
| Proposal From Property | 22,371 | 400 | ||
| Net Cash From Investing | 22,371 | 47,874 | ||
| Financing Activities | ||||
| Repayment of finance leases | (9,257) | (7,656) | ||
| Net Cash From Financing | (9,257) | (7,656) | ||
| Increase/Decrease in cash & equivalents | 4,037 | 17,900 | ||
| Movement in cash and equivalents | ||||
| Start of year | 11,900 | 940 | ||
| Increase/Decrease | 4,037 | (17,900 | ||
| Effect of FX Change | (7,997) | 28,860 | ||
| At Year End | 7,940 | 11,900 |
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