Kapchorua Tea Company Limited is a Kenya-based company, which is engaged in cultivating, manufacturing and selling of tea. The Company is also engaged in Timber sales. The Company has approximately 620 hectares area under Tea production. The Company’s ultimate holding company is George Williamson & Co Limited, which is incorporated in the United Kingdom.

LOCATION

Kapchorua Tea Company Ltd

Kapchorua Road, P. O. Box 12,Nandi

NAIROBI 30301

Kenya

PHONE

+254 203882522

FAX

+254 203883276

Outstanding Shares : 3,905,400

Shareholding Information

Shareholder Holdings (%)
Williamson Tea Kenya Limited 39.56
Ngong Tea Holdings Limited 23.96
Shawmut Limited 12.5
Satchu Aly-Khan 1.63
Eric Charles Simons 1.53
Minesh Mulchand Shah 1.23
Mr. Ronald Carlile Buxton 0.86
Bijal Mulchand Shah 0.82
Dr Minesh M Shah 0.81
Kanaiyalal Mansukhlal & Shah Lalitaben 0.71
Others 16.39
Total 100

Kapchorua Income Statement

Period Ending 31 Mar 2016 31 Mar 2015 31 Mar 2014
Shs’ 000 Shs’ 000 Shs’ 000
Turnover 1,209,133 1,073,989
Gains/Losses from changes in Fair Value
– Tea Bushes 127,630 (108,307)
– Timber 22,928 16,117
– Fuel (9,938) (9,024)
Operating Income 1.349,753 972,775
Cost of Sales (922,070) (914,587)
Gross Profit 427,683 58,188
Other Income 332 3,335
Interest Income 5,027
Finance Costs (485) (5,120)
Distribution Costs (107,442) (100,496)
Administrative Expenses (14,850) (7,501)
Net FX Gains 25,742 22,058
Profit/Loss Before Taxation 336,007 (29,536)
Taxation (101,685) 6,751
Profit / Loss for the year 234,322 (22,785)
Other comprehensive income
Gains on revaluation or property 127,656
Deferred tax on revaluation surplus (38,297)
Total Other Comprehensive Income 89,359
Total Comprehensive Income 234,322 66,574
Profit From Operating Activities 135,889 48,065
Gains/Loss From Changes in Fair Value of Assets 98,433 (70,850)
Profit/Loss for the year 234,322 (22,785)
Earnings/Loss Per Share (Basic and Diluted) 37.06 (3.60)

Kapchoria Balance Sheet

Period Ended 31 Mar 2016 31 Mar 2015 31 Mar 2014
Shs’ 000 Shs’ 000 Shs’ 000
ASSETS
Non-current assets
Property, plant and equipment 466,775 519,993
Prepaid operating leases 21,621 21,645
Intangible assets 446 336
Unquoted assets 717 717
Biological assets 951,752 796,284
1,441,311 1,338,975
Current assets
Inventories 302,941 163,340
Trade and other receivables 464,255 397,960
Due from related companies 472 15,897
Corporate tax recoverable
Short term bank depositis 48,384
Cash and bank balances 71,788 46,844
887,840 644,264
Total Assets 2,329,151 1,983,239
EQUITY AND LIABILITIES
Capital and reserves
Share Capital 39,120 19,560
Revaluation surplus 194,188 224,945
Retained earnings 1,409,133 1,183,174
Shareholders Funds 1,642,441 1,427,679
Non Current Liabilities
Deferred taxation 359,991 333,537
Provision for service gratuity 116,422 107,579
476,413 441,116
Current Liabilities
Trade and other payables 153,256 103,618
Due to related companies 13,150 9,526
Corporate tax payable 43,202
Unclaimed Dividends 689 1,300
210,297 114,444
Total equity and liabilities 2,329,151 1,983,239

Kapchorua Cash Flow Statement


Period Ended 31 Mar 2016 31 Mar 2015
Shs’ 000 Shs’ 000
CASH FLOW FROM OPERATING ACTIVITIES
Cash Generated From Operations 154,093 25,045
Interest Received 5,027
Interest Paid (487) (5,120)
Taxation Paid (11,806) (30,571)
Net Cash From Operating Activities 146,826 (10,646)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property (47,077) (53,864)
Purchase or intangible assets (278) (419)
Proceeds of disposal of property 5,551 2,645
Dividends Received 424
Net Expenditure on biological assets (11,526) (6,876)
Net Cash Used For Investing Acivities (53,330) (58,090)
CASH FLOW FROM FINANCING ACTIVITIES
Dividends Paid (20,171) (19,078)
INCREASE/DECREASE IN CASH & EQUIVALENTS 73,328 (87,814)
CASH/EQUIVALENTS AT YEAR START 46,844 134,658
CASH/EQUIVALENTS AT YEAR END 120,172 46,844

Latest News

    Comment

    Be the first to comment

    This site uses Akismet to reduce spam. Learn how your comment data is processed.