Sameer Africa Limited is a Kenya-based company primarily engaged in the manufacture, importation and sale of tires, and related products and services, and the letting of investment properties. It operates through four business segments: Manufacturing and distribution, Regional operations, Yana Tyre Centre and Rental business. The Manufacturing and distribution segment is engaged in the manufacturing, buying and distribution of tires, tubes and flaps. Its Regional operations segment is engaged in the buying and distribution of tires, tubes and flaps in the Eastern Africa Region. Its Yana Tyre Centre segment is involved in the retailing of tires, tubes and flaps, and provision of tire related services. The Company’s Rental business segment is engaged in the letting of investment properties. The Company’s subsidiaries include Sameer Africa (Uganda) Limited, Sameer Africa (Tanzania) Limited, Yana Tyre Centre Limited, Sameer Africa (Burundi) Limited and Taqwa Trading Limited.

LOCATION

Sameer Africa Ltd

Mombasa/Enterprise Road Junction,

P.O. Box 30429

NAIROBI 00100

Kenya

PHONE

+254 203962000

FAX

+254 203962888

WEBSITE

http://www.sameerafrica.com/

Total Outstanding Shares : 278,359,400

Shareholding Information

Shareholder Holdings(%)
Sameer Investments Limited 57.24
Bridgestone Corporation 14.9
NSSF 2.04
BNP Paribas (Suisse) SA 1.59
Patrick Njogu Kariuki 0.72
Swani Coffee Estate Limited 0.7
Karim Jamal 0.58
Kamlesh Raichand Shah 0.57
Standard Charted Nominees 0.54
Gulzar Amirali Somji & Ameerali Abdoulrasul Somji 0.46
Others 20.66
Total 100

Sameer Africa Income Statement


Period Ending 31 Dec 2016 31 Dec 2015 31 Dec 2014
Shs’ 000 Shs’ 000 Shs’ 000
Revenue 3,777,145
Cost Of Sales (2,840,635)
Gross Profit 936,511
Other Operating Income 44,934
Operating expenses (1,007,069)
Operating Profit / Loss (25,624)
Net finance costs (43,537)
Share of profit/loss accounted investees (296)
Profit/Loss before tax (69,457)
Income Tax Credit / expense 2,528
Profit/Loss for the year (66,929)
Other comprehensive income)net of tax)
(a) Items that will never be reclassified to profit and loss
Net actuarial loss on re-measurement of defined benefit liability (7,496)
Related tax 2,249
Items that are or maybe reclassified to profit and loss
Foreign currency translation differences for foreign operations 12,506
Total other comprehensive income for the year 7,259
Total comprehensive income for the year (59,670)
Earnings per share  (basic and diluted) (0.24)

Sameer Africa Balance Sheet


Period Ending 31 Dec 2014
Shs’ 000
ASSETS
Non-current assets
Property, plant and equipment 529,656
Intangibles 47,115
Investment Property 180,491
Prepaid operating lease rentals 361
Investment in subsidiaries
Equity accounted tax 115,777
Deferred income tax 118,878
985,278
Current assets
Inventories 1,512,888
Receivables and prepayments 941,505
Current income tax 56,103
Cash and bank balances 361,616
2,872,112
TOTAL ASSETS 3,857,390
EQUITY
Share capital 1,391,712
Retained earnigs 1,252,707
Translation reserve (107,979)
Proposed dividends
2,536,440
LIABILITIES
Non-current liabilities
Borrowings
Deferred income tax 4,609
Retirement benefit obligations 178,344
182,953
Current liabilities
Payables and accrued expenses 526,006
Current income tax 734
Borrowings 611,257
Unclaimed dividends
1,137,997
Total liabilities 1,320,950
TOTAL EQUITY AND LIABILITIES 3,857,390

Cash Flow Statement


Period Ending 31 Dec 2014
Shs’ 000
OPERATING ACTIVITIES
Cash receipt from customers 3,884,542
Cash payments for purchases (2,781,573)
Cash payments fo expenses (860,037)
Cash generated from operating activities 233,932
Interest paid (52,558)
Income tax paid (33,201)
Net cash from operating activities 148,173
INVESTING ACTIVITIES
Interest received 9,578
Purchase of property, plant and equipment (219,285)
Purchase of intangible assets (6,943)
Additions to investment property (5,466)
Proceeds fro disposal of property, plant and equipment 3,002
Proceeds from disposal of leasehold land
Net cash from investing activities (219,114)
FINANCING ACTIVITIES
Dividends Paid (83,503)
Surrender of unclaimed assets (6,776)
Repayment of borrowings (1,690)
Net cash absorbed in financing (91,969)
Decrease/Increase in cash and equivalents (162,910)
Start Of Year (86,705)
Decrease/Increase in cash and equivalents (162,910)
Effects of exchange movements  123
At End Year 249,492

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