COMMON SIZE STATEMENT OF FINANCIAL POSITION

Description Notes 2021 (ETB) Formula for Common Common

Size (%) Size (%)
Assets
Non-current assets
Property, plant and 11 737,554,506 (737,554,506 / 62.7%
equipment 1,175,839,854) × 100
Right use of asset land 17 21,782,234 (21,782,234 / 1.85%
1,175,839,854) × 100
Land improvement 964,252 (964,252 / 0.08%
1,175,839,854) × 100
Investments in 1,000,000 (1,000,000 / 0.085%
Government bond 1,175,839,854) × 100
Deferred tax asset 10 2,509,038 (2,509,038 / 0.21%
1,175,839,854) × 100
Total Non-current assets 763,810,030 (763,810,030 / 64.99%
1,175,839,854) × 100
Current assets
Inventories 16 207,448,728 (207,448,728 / 17.65%
1,175,839,854) × 100
Trade and other receivables 14.1 90,223,388 (90,223,388 / 7.67%
1,175,839,854) × 100
Advance and Prepayments 15 24,304,269 (24,304,269 / 2.07%
1,175,839,854) × 100
Cash and short-term 12 87,997,293 (87,997,293 / 7.48%
deposits 1,175,839,854) × 100
Total Current assets 409,973,678 (409,973,678 / 34.81%
1,175,839,854) × 100
Non-current assets Held 13 2,056,146 (2,056,146 / 0.17%
For Sale 1,175,839,854) × 100
Total Assets 1,175,839,854 (1,175,839,854 / 100.00%
1,175,839,854) × 100
Equity and Liabilities
Equity
Issued capital 18 220,985,435 (220,985,435 / 18.78%
1,175,839,854) × 100
Legal reserve 19 43,236,168 (43,236,168 / 3.68%
1,175,839,854) × 100
Retained earnings 20 (15,027,000) (-15,027,000 / -1.28%
1,175,839,854) × 100
First time IFRS adoption 21 90,891,772 (90,891,772 / 7.72%
revaluation reserve 1,175,839,854) × 100
Total Equity 340,086,375 (340,086,375 / 28.93%
1,175,839,854) × 100
Non-current liabilities
Lease liability 24 19,074,172 (19,074,172 / 1.62%
1,175,839,854) × 100
Termination benefit 25 8,363,458 (8,363,458 / 0.71%
liabilities 1,175,839,854) × 100
Deferred tax liabilities 10 32,289,635 (32,289,635 / 2.75%
1,175,839,854) × 100
Total Non-current 59,727,266 (59,727,266 / 5.08%
liabilities 1,175,839,854) × 100
Current liabilities
Trade and other payables 26 39,353,109 (39,353,109 / 3.35%
1,175,839,854) × 100
Dividend payable 28 561,176,554 (561,176,554 / 47.74%
1,175,839,854) × 100
Current portion of long 23 25,816,644 (25,816,644 / 2.19%
term loan 1,175,839,854) × 100
Current portion of lease 24 607,398 (607,398 / 0.05%
liability 1,175,839,854) × 100
Income tax payable 9 71,550,523 (71,550,523 / 6.09%
1,175,839,854) × 100
Other tax and obligation 27 2,177,865 (2,177,865 / 0.19%
1,175,839,854) × 100
Accruals and other non- 31 25,344,122 (25,344,122 / 2.16%
financial liabilities 1,175,839,854) × 100
Total Current liabilities 776,026,213 (776,026,213 / 66.05%
1,175,839,854) × 100
Total Liabilities 835,753,479 (835,753,479 / 71.13%
1,175,839,854) × 100
Total Equity and 1,175,839,854 (1,175,839,854 / 100.00%
Liabilities 1,175,839,854) × 100
 COMMON SIZE STATEMENT for income statement

Description 2021 (ETB) Calculation Common Size

(%)
Revenue 771,523,856 (771,523,856 / 100.00%
771,523,856) * 100
Cost of sales (296,251,284) (296,251,284 / 38.37%
771,523,856) * 100
Gross profit 475,272,573 (475,272,573 / 61.63%
771,523,856) * 100
Other operating income 13,394,964 (13,394,964 / 1.73%
771,523,856) * 100
General and administration (232,184,081) (232,184,081 / -30.08%
expense 771,523,856) * 100
Employee Termination (794,126) (794,126 / 771,523,856) -0.10%
benefit/severance expense * 100
Operating profit 255,689,329 (255,689,329 / 33.15%
771,523,856) * 100
Finance costs/charges (7,205,766) (7,205,766 / -0.93%
771,523,856) * 100
Profit before tax 248,483,563 (248,483,563 / 32.18%
771,523,856) * 100
Income tax expense (80,604,520) (80,604,520 / -10.44%
771,523,856) * 100
Profit for the year 167,879,043 (167,879,043 / 21.74%
771,523,856) * 100
Total comprehensive income for 167,879,043 (167,879,043 / 21.74%
the year net of tax 771,523,856) * 100
Trend Analysis for FINANCIAL POSITION

Description 2021 (ETB) 2020 (ETB) Change %

(ETB) Change
Assets
Non-current assets
Property, plant, and equipment 737,554,506 643,345,588 94,208,918 14.65%
Right use of asset - land 21,782,234 22,133,496 (351,262) -1.59%
Land improvement 964,252 964,252 0 0.00%
Investments in Government bond 1,000,000 0 1,000,000 —
Deferred tax asset 2,509,038 2,402,383 106,655 4.44%
Total Non-current assets 763,810,030 668,845,720 94,964,310 14.18%
Current assets
Inventories 207,448,728 131,452,144 75,996,584 57.74%
Trade and other receivables 90,223,388 78,925,400 11,297,988 14.32%
Advance and Prepayments 24,304,269 63,541,774 (39,237,505) -61.73%
Cash and short-term deposits 87,997,293 175,656,524 (87,659,231) -49.93%
Total Current assets 409,973,678 449,575,842 (39,602,164) -8.81%
Non-current assets Held For Sale 2,056,146 2,056,146 0 0.00%
Total Assets 1,175,839,854 1,120,477,708 55,362,146 4.94%
Equity
Issued capital 220,985,435 220,985,435 0 0.00%
Legal reserve 43,236,168 34,842,216 8,393,952 24.08%
Retained earnings (15,027,000) (15,027,000) 0 0.00%
First time IFRS adoption 90,891,772 90,891,772 0 0.00%
revaluation reserve
Total Equity 340,086,375 331,692,423 8,393,952 2.53%
Non-current liabilities
Lease liability 19,074,172 19,681,570 (607,398) -3.09%
Termination benefit liabilities 8,363,458 8,007,945 355,513 4.44%
Deferred tax liabilities 32,289,635 27,312,779 4,976,856 18.23%
Total Non-current liabilities 59,727,266 55,002,293 4,724,973 8.59%
Current liabilities
Trade and other payables 39,353,109 26,583,885 12,769,224 47.98%
Dividend payable 561,176,554 466,691,463 94,485,091 20.25%
Current portion of long-term loan 25,816,644 0 25,816,644 —
Current portion of lease liability 607,398 607,398 0 0.00%
Income tax payable 71,550,523 109,660,003 (38,109,480) -34.74%
Other tax and obligation 2,177,865 119,235,462 (117,057,597) -98.17%
Accruals and other non financial liability 25,344,122 11,004,781 14,339,341 130.29%
Total Current liabilities 776,026,213 733,782,992 42,243,221 5.75%
Total Liabilities 835,753,479 788,785,285 46,968,194 5.95%
Total Equity and Liabilities 1,175,839,854 1,120,477,708 55,362,146 4.94%
Trend Analysis for income statment

Description 2021 (ETB) 2020 (ETB) Trend Calculation Trend

(%)
Revenue 771,523,856 946,741,197 (771,523,856 - -18.48%
946,741,197) /
946,741,197 * 100
Cost of sales (296,251,284) (360,449,004) (-296,251,284 - (- 17.82%
360,449,004)) / -
360,449,004 * 100
Gross profit 475,272,573 586,292,193 (475,272,573 - -18.94%
586,292,193) /
586,292,193 * 100
Other operating income 13,394,964 11,202,613 (13,394,964 - 19.57%
11,202,613) /
11,202,613 * 100
General and (232,184,081) (208,944,049) (-232,184,081 - (- -11.11%
administration expense 208,944,049)) / -
208,944,049 * 100
Employee Termination (794,126) (699,793) (-794,126 - (-699,793)) -13.50%
benefit/severance / -699,793 * 100
expense
Operating profit 255,689,329 387,850,964 (255,689,329 - -34.06%
387,850,964) /
387,850,964 * 100
Finance costs/charges (7,205,766) (2,810,040) (-7,205,766 - (- 157.14%
2,810,040)) / -
2,810,040 * 100
Profit before tax 248,483,563 385,040,924 (248,483,563 - -35.53%
385,040,924) /
385,040,924 * 100
Income tax expense (80,604,520) (116,000,941) (-80,604,520 - (- 30.42%
116,000,941)) / -
116,000,941 * 100
Profit for the year 167,879,043 269,039,982 (167,879,043 - -37.58%
269,039,982) /
269,039,982 * 100
Total comprehensive 167,879,043 269,039,982 (167,879,043 - -37.58%
income for the year 269,039,982) /
269,039,982 * 100
index Analysis for FINANCIAL POSITION 2021 (Base Year: 2019)

Description 2021 (ETB) 2020 (ETB) Index Calculation

(2021)
Assets
Non-current assets
Property, plant, and 737,554,506 643,345,588 114.6% (737,554,506 /
equipment 643,345,588) * 100
Right use of asset - land 21,782,234 22,133,496 98.4% (21,782,234 /
22,133,496) * 100
Land improvement 964,252 964,252 100% (964,252 / 964,252) *
100
Deferred tax asset 2,509,038 2,402,383 104.4% (2,509,038 / 2,402,383)
* 100
Total Non-current 763,810,030 668,845,720 114.2% (763,810,030 /
assets 668,845,720) * 100
Current assets
Inventories 207,448,728 131,452,144 157.7% (207,448,728 /
131,452,144) * 100
Trade and other 90,223,388 78,925,400 114.3% (90,223,388 /
receivables 78,925,400) * 100
Advance and 24,304,269 63,541,774 38.3% (24,304,269 /
Prepayments 63,541,774) * 100
Cash and short-term 87,997,293 175,656,524 50.1% (87,997,293 /
deposits 175,656,524) * 100
Total Current assets 409,973,678 449,575,842 91.2% (409,973,678 /
449,575,842) * 100
Non-current assets Held 2,056,146 2,056,146 100% (2,056,146 / 2,056,146)
For Sale * 100
Total Assets 1,175,839,854 1,120,477,708 104.9% (1,175,839,854 /
1,120,477,708) * 100
Equity and Liabilities
Equity
Issued capital 220,985,435 220,985,435 100% (220,985,435 /
220,985,435) * 100
Legal reserve 43,236,168 34,842,216 124.1% (43,236,168 /
34,842,216) * 100
Retained earnings (15,027,000) (15,027,000) 100% (-15,027,000 / -
15,027,000) * 100
First time IFRS adoption 90,891,772 90,891,772 100% (90,891,772 /
revaluation reserve 90,891,772) * 100
Total Equity 340,086,375 331,692,423 102.5% (340,086,375 /
331,692,423) * 100
Non-current liabilities
Lease liability 19,074,172 19,681,570 96.9% (19,074,172 /
19,681,570) * 100
Termination benefit 8,363,458 8,007,945 104.4% (8,363,458 / 8,007,945)
liabilities * 100
Deferred tax liabilities 32,289,635 27,312,779 118.2% (32,289,635 /
27,312,779) * 100
Total Non-current 59,727,266 55,002,293 108.7% (59,727,266 /
liabilities 55,002,293) * 100
Current liabilities
Trade and other payables 39,353,109 26,583,885 148.0% (39,353,109 /
26,583,885) * 100
Dividend payable 561,176,554 466,691,463 120.2% (561,176,554 /
466,691,463) * 100
Current portion of long 25,816,644 0 N/A (25,816,644 / 0) * 100
term loan
Current portion of lease 607,398 607,398 100% (607,398 / 607,398) *
liability 100
Income tax payable 71,550,523 109,660,003 65.2% (71,550,523 /
109,660,003) * 100
Other tax and obligation 2,177,865 119,235,462 1.8% (2,177,865 /
119,235,462) * 100
Accruals and other non- 25,344,122 11,004,781 230.4% (25,344,122 /
financial liabilities 11,004,781) * 100
Total Current liabilities 776,026,213 733,782,992 105.7% (776,026,213 /
733,782,992) * 100
Total Liabilities 835,753,479 788,785,285 106% (835,753,479 /
788,785,285) * 100
Total Equity and 1,175,839,854 1,120,477,708 104.9% (1,175,839,854 /
Liabilities 1,120,477,708) * 100
index Analysis for income statment 2021 (Base Year: 2019)

Description 2021 (ETB) 2019 (ETB) Index

Revenue 771,523,856 817,512,796 (771,523,856 /
817,512,796) × 100 =
94.37%
Cost of sales (296,251,284) (339,303,611) (296,251,284 /
339,303,611) × 100 =
87.39%
Gross profit 475,272,573 478,209,185 (475,272,573 /
478,209,185) × 100 =
99.38%
Other operating income 13,394,964 9,985,933 (13,394,964 / 9,985,933) ×
100 = 134.31%
General and administration (232,184,081) (179,782,605) (232,184,081 /
expense 179,782,605) × 100 =
129.23%
Employee termination (794,126) (1,421,062) (794,126 / 1,421,062) ×
benefit/severance expense 100 = 55.84%
Operating profit 255,689,329 306,991,452 (255,689,329 /
306,991,452) × 100 =
83.33%
Finance costs/charges (7,205,766) (2,136,471) (7,205,766 / 2,136,471) ×
100 = 337.42%
Profit before tax 248,483,563 304,854,981 (248,483,563 /
304,854,981) × 100 =
81.45%
Income tax expense (80,604,520) (91,668,563) (80,604,520 / 91,668,563)
× 100 = 87.90%
Profit for the year 167,879,043 213,186,418 (167,879,043 /
213,186,418) × 100 =
78.84%
Other comprehensive income - - -
Total comprehensive income for 167,879,043 213,186,418 (167,879,043 /
the year (net of tax) 213,186,418) × 100 =
78.84%