GROUP COMPANY Unaudited Unaudited Audited Unaudited Unaudited Audited 6 months 6 months 12 months 6 months 6 months 12 months Jun-16 Jun-15 Dec-15 Jun-16 Jun-15 Dec-15 P'000 P'000 P'000 P'000 P'000 P'000 Revenue 159,939 150,110 319,603 147,975 137,990 296,279 Cost of sales (102,713) (96,603) (190,482) (93,149) (86,969) (178,475) Gross profit 57,226 53,507 129,121 54,826 51,021 117,804 Other income - - 1,065 - - - Other gains/(losses) 25 (4) 39 (25) (4) 39 Sales and distribution expenses (3,732) (4,013) (7,689) (3,519) (3,693) (7,159) Administration and operating expenses (37,164) (35,381) (81,448) (34,744) (33,019) (69,830) Operating profit 16,355 14,109 41,088 16,538 14,305 40,854 Finance income 2,328 993 1,933 1,170 1,517 2,899 Finance expense (444) (2,787) (6,798) (444) (637) (1,152) Profit before income tax 18,239 12,315 36,223 17,264 15,185 42,601 Income tax expense (3,943) (3,507) (9,462) (3,943) (3,345) (9,462) Profit for the period 14,296 8,808 26,761 13,321 11,840 33,139 Other comprehensive income: Currency translation differences (subject to subsequent recycling through profit or loss) (1,210) 119 2,199 - - - Other comprehensive income/(expense) for the period (1,210) 119 2,199 - - - Total comprehensive income for the period 13,086 8,927 28,960 13,321 11,840 33,139 Basic and diluted earnings per share (thebe) 7.23 4.93 16.01 7.36 6.54 18.32 Dwh Üt COMPANY Unaudited Unaudited Audited Unaudited Unaudited Audited Jun-16 Jun-15 Dec-15 Jun-16 Jun-15 Dec-15 P'000 P'000 P'000 P'000 P'000 P'000 ASSETS Non-current assets Property, plant and equipment 146,704 140,251 142,576 143,563 137,229 139,204 Intangible assets Lease rights/Trademarks/Software 950 875 781 836 875 781 Goodwill 11,456 12,905 11,335 5,274 5,274 5,274 Investment in subsidiary - - - 15,339 7 7 Loan to subsidiary - - - - 13,987 13,300 Deferred income tax assets 2,244 2,827 4,284 2,244 2,827 4,284 Total non-current assets 161,354 156,858 158,976 167,256 160,199 162,850 Currents assets Inventories 2,856 2,594 2,852 2,571 2,140 2,540 Loan to subsidiary - - - - 2,148 2,258 Trade and other receivables 21,782 21,328 20,959 21,213 20,168 20,216 Current income tax assets 3,207 2,459 479 3,146 2,448 470 Cash and cash equivalents 58,862 49,204 61,835 57,978 48,129 61,064 Total current assets 86,707 75,585 86,125 84,908 75,033 86,548 Total assets 248,061 232,443 245,101 252,164 235,232 249,398 EQUITY Capital and reserves Stated capital 18,500 18,500 18,500 18,500 18,500 18,500 Treasury shares (5,915) (5,915) (5,915) (2,105) (2,105) (2,105) Foreign currency translation reserve 1,021 151 2,231 - - - Retained earnings 149,563 130,238 148,191 156,018 134,322 155,621 Total equity 163,169 142,974 163,007 172,413 150,717 172,016 LIABILITIES Non-current liabilities Deferred lease obligation 29,429 30,244 30,589 27,784 28,935 29,209 Borrowings 10,679 15,055 12,856 10,679 15,055 12,856 Total non-current liabilities 40,108 45,299 43,445 38,463 43,990 42,065 Current liabilities Trade and other payables 35,197 35,821 31,276 31,764 32,625 28,134 Current income tax liabilities - 44 - - 17 - Borrowings 4,989 5,023 4,277 4,989 5,023 4,277 Deferred revenue 1,822 1,423 1,615 1,822 1,423 1,615 Deferred lease obligation 2,776 1,859 1,481 2,713 1,437 1,291 Total current liabilities 44,784 44,170 38,649 41,288 40,525 35,317 Total liabilities 84,892 89,469 82,094 79,751 84,515 77,382 Total equity and liabilities 248,061 232,443 245,101 252,164 235,232 249,398 Ordinary shares Treasury shares Foreign currency translation reserve Retained earnings Total equity P'000 P'000 P'000 P'000 P'000 GROUP Year ended 31 December 2015 Balance at 1 January 2015 18,500 (5,915) 32 132,508 145,125 Profit for the period - - - 26,761 26,761 Other comprehensive income for the year - - 2,199 - 2,199 Total comprehensive income for the year - - 2,199 26,761 28,960 Transaction with owners of the company: Gross dividends paid - - - (11,078) (11,078) - - - (11,078) (11,078) Balance at 31 December 2015 18,500 (5,915) 2,231 148,191 163,007 Period ended 30 June 2016 Balance at 1 January 2016 18,500 (5,915) 2,231 148,191 163,007 Profit for the period - - - 14,296 14,296 Other comprehensive income for the period - - (1,210) - (1,210) Total comprehensive income for the period - - (1,210) 14,296 13,086 Transaction with owners of the company: Gross dividends paid - - - (12,924) (12,924) - - - (12,924) (12,924) Balance at 30 June 2016 18,500 (5,915) 1,021 149,563 163,169 COMPANY Year ended 31 December 2015 Balance at 1 January 2015 18,500 (550) - 133,560 151,510 Profit for the year - - - 33,139 33,139 Other comprehensive income for the year - - - - - Total comprehensive income for the year - - - 33,139 33,139 Transaction with owners of the company: Gross dividends paid - - - (11,078) (11,078) Acquisition of treasury shares - (1,555) - (1,555) - (1,555) - (11,078) (12,633) Balance at 31 December 2015 18,500 (2,105) - 155,621 172,016 Period ended 30 June 2016 Balance at 1 January 2016 18,500 (2,105) - 155,621 172,016 Profit for the period - - - 13,321 13,321 Other comprehensive income for the period - - - - - Total comprehensive income for the period - - - 13,321 13,321 Transaction with owners of the company: Gross dividends paid - - - (12,924) (12,924) - - - (12,924) (12,924) Balance at 30 June 2016 18,500 (2,105) - 156,018 172,413 GROUP COMPANY Unaudited Unaudited Audited Unaudited Unaudited Audited 6 months 6 months 12 months 6 months 6 months 12 months Jun-16 Jun-15 Dec-15 Jun-16 Jun-15 Dec-15 P'000 P'000 P'000 P'000 P'000 P'000 Cash flows from operating activities Cash generated from operations 30,803 30,659 67,730 29,907 30,502 65,508 Interest paid (444) (637) (1,152) (444) (637) (1,152) Tax paid (4,410) (5,741) (11,299) (4,410) (5,741) (11,299) Net cash generated from operating activities 25,949 24,281 55,279 25,053 24,124 53,057 Cash flows from investing activities Purchase of property, plant and equipment (14,935) (9,420) (25,910) (14,747) (9,048) (23,958) Purchase of computer software (410) (305) (406) (277) (305) (406) Proceeds on disposal of plant and equipment 75 16 70 17 16 70 Loan repayments received from Employee Share Trust - - - - 103 102 Loan repayments received from subsidiary - - - 226 751 1,328 Interest received 876 993 1,934 1,031 1,233 2,615 Net cash utilised in investing activities (14,394) (8,716) (24,312) (13,750) (7,250) (20,249) Cash flows from financing activities Repayment of borrowings (2,061) (1,813) (3,857) (2,061) (1,813) (3,857) Dividends paid to company's shareholders (12,924) (11,078) (11,078) (12,924) (11,078) (11,078) Net cash utilised in financing activities (14,985) (12,891) (14,935) (14,985) (12,891) (14,935) Net (decrease)/increase in cash and cash equivalents (3,430) 2,674 16,032 (3,682) 3,983 17,873 Cash and cash equivalents at beginning of year 61,735 45,801 45,801 60,964 43,091 43,091 Exchange loss on cash and cash equivalents (139) (326) (98) - - - Cash and cash equivalents at end of year 58,166 48,149 61,735 57,282 47,074 60,964 Disclosed as follows; Cash at bank 58,862 49,204 61,835 57,978 48,129 61,064 Bank overdraft (696) (1,055) (100) (696) (1,055) (100) 58,166 48,149 61,735 57,282 47,074 60,964 WΡŧś 2016 WΡŧś % change P’000 P’000 Profit before tax 18,239 12,315 48% Total comprehensive income 13,086 8,927 47% Operating profit 16,355 14,109 16% Revenues 159,939 150,110 7% Total Assets 248,061 232,443 7% Cash and cash equivalents 58,862 49,204 20% Earnings per Share(thebe) 7.23 4.93 47% GROUP