QUOTE OF THE DAY

1
QUOTE OF THE DAY

• "The most important thing in life is not to
  capitalize on your successes - any fool can do
  that. The really important thing is to profit
  from your mistakes."
• William Bolitho, from ('Twelve against the Gods)

2
ANM-TREASURERS REPORT

• Out line
• A brief written speech
• Constitutional requirement
• To cover,Income Statement, Balance Sheet Cash
  Flow Statement
• Summaries of the above
• Detailed report posted on ANM Website
• Presented by Shilia Kaaya

3
INCOME STATEMENT

• FIGURES IN MILLIONS
• YR 2000 2001 2002 2003 2004 2005
  2006
• I/ME 243 340 469 537 587 639
  709
• EXP. 216 307 436 534 600
  700 758
• SPL. 27 33 33 2.5 (14)
  (60.5) (48.7)_

4
BALANCE SHEET(Figures in Millions)

• YR 2000 01 02 03 04
  
• F/A 34 65 97 137 137
• C/A 65 55 54 51 80
• C/L (46) (42) (42) (78) (91)
• T/L 53 76 109 111 125
• AC/F 26 44 76 108 139
• S/PL. 27 33 33 3 (14)
• T/L 53 76 109 111 125

5
Balance Sheet-IFRS

• YR 2006 2005
• N/CA 89M 83M
• C/A 135M 74M
• TA 224M 157M
• AC.LOSSES (74)M (22)M
• N/CL 12.5M 3.8M
• C/L 283M 175M
• TL 265M 180M
• T/ACCU. FUND LIBL 224M 157M

6
CASH FLOW-In Millions

• YR 02 03 04 05 06
• /- 33 2.5 (15) (61) (49)
• Adjust. 73 77 72 79 0
• W/Cm/vt 67 120 (25) 71 56
• Net C/fl 11 8 (11) 7 2
• C/B Open 120 9 17 6 14
• Cls/C/B 9 17 6 14 16

7
FINANCIAL RATIO Analysis

• Year 2004 2005 2006
• C/ ratio 0.88 0.45 0.48
• C/flow to T/L 0.26 0.13 0.14
• C/flow to L/t dpt 0 6.25 3.15
• TIBD/C 0 1.16 0.73
• Asset Turnover 3.5 4.0 3.16

8
Ratios clarified

• Current ratioCA over CL-ability to meet maturing
  Financial obligations
• Cash flow toTLdeficitdepreciationloan interest
  over TL-Assess credit worthiness (less Than 8)
• Cash flow to Long Term Debt Ref 2over total
  dept-predict deterioration of financial health.

9
Ratios clarified cont..

• 4. Total interest bearing debt to cash Lenders
  concern when exceeding 8
• 5.Asset turn over ratio Annual turnover over
  Total Assets-relative efficiency of utilizing
  resources to generate output ( what is the bench
  mark for ANM?)

10
CONCLUSION

• "The most important thing in life is not to
  capitalize on your successes - any fool can do
  that. The really important thing is to profit
  from your mistakes."
• William Bolitho, from ('Twelve against the Gods)
• What have been our mistakes? Food for thought