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Nature of Business: Brewing lager beer in the trade names of 'ROCK' and 'CLASS' including the production and sale of malted drink with the brand name of 'MALT ROYALE'.

Head Office Address: 1 Brewery road, P.O.Box 651, Jos, Plateau state.

Telephone: 463 951-2.

Fax: 463 953.

Telex: 81107 (JIBREW.NG).

Website: None.

Date of Incorporation: 26.7.75.

Date Listed on the Lagos Stock Exchange: 30.3.92.

Auditors: Pannell Awobo Yusuf & Company (Chartered Accountants), Jos, Plateau state.

End of Accounting Year: 31st, December.

5-Year Financial Summary




1997 1996 1995 1994 1993
CAPITAL EMPLOYED: N'000 N'000 N'000 N'000 N'000
Share Capital 84,250 84,250 84,250 84,250 84,250
Share Premium 174 174 174 174 174
Reserves 126,012 (79,098) (93,265) (96,061) (81,344)
Shareholders' Fund 210,436 5,326 (8,841) (11,637) 3,080
Long term Loan 8,378 18,190 209,072 209,220 190,474
218,814 23,516 200,231 197,583 193,554

Represented By:
Fixed Assets 308,003 124,513 133,115 144,402 118,998
Net Current Assets/Liabilities (89,189) (100,997) 67,116 53,181 74,556
218,814 23,516 200,231 197,583 193,554

Turnover 390,089 354,188 262,578 168,971 195,759

Profit/(Loss) before Taxation 8,368 5,308 (6,897) (14,717) (16,731)
Profit/(Loss) after Tax 7,435 3,837 (7,194) (14,717) (16,731)
Earnings per Share N.04 N0.02 (N0.04) (N0.09) (N0.10)

The earnings/(loss) and dividend per share have been calculated on the issued and fully paid-up share capital of 168,500,000 ordinary shares of 50kobo each as at 31.3.94 and as at 31.12.94, 31.12.95, 31.12.96 and 31.12.97.




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