| + |
Property Plant and Equipment
|
4,327,266,334
76
51
|
3,321,642,175
57
81
|
1,433,235,348
77
80
|
|
Own Flight Equipment
|
5,098,710,122
97
93
|
3,846,742,095
78
67
|
2,641,006,188
93
89
|
|
Leased Flight Equipment
|
848,206,425
75
77
|
847,591,164
97
90
|
0
97
90
|
|
Other Property
|
680,464,122
56
72
|
667,356,542
64
76
|
639,820,739
88
84
|
|
Depreciation of Own Flight Equipment
|
(1,427,488,199)
71
89
|
(1,202,581,875)
62
96
|
(1,541,296,104)
63
57
|
|
Depreciation of Leased Flight Equipment
|
(570,464,731)
84
89
|
(523,152,961)
59
92
|
0
69
86
|
|
Depreciation of Other Property
|
(424,923,598)
71
66
|
(382,383,927)
79
100
|
(339,823,040)
83
71
|
|
Work Orders in Progress
|
122,275,230
88
57
|
67,258,595
99
85
|
33,467,565
98
95
|
|
Capital Goods in Transit
|
486,963
74
54
|
812,542
67
88
|
0
80
55
|
|
| + |
Standing Deposits
|
17,647,419
72
51
|
18,051,043
94
85
|
19,410,046
97
56
|
|
Nationalized and State Owned
|
1,224,500
92
80
|
1,224,500
95
50
|
1,224,500
71
64
|
|
Wholly-Owned Subsidiary Nationalized
|
199,600
87
93
|
199,600
81
66
|
199,600
92
63
|
|
Foreign Investments
|
17,798,071
88
80
|
18,050,943
71
86
|
19,409,946
64
69
|
|
Provision for Diminition in Investments
|
(1,574,752)
81
88
|
(1,424,000)
74
98
|
(1,424,000)
76
54
|
|
|
Standing Deposits
|
223,691,371
52
99
|
173,526,017
55
97
|
73,160,577
83
52
|
| + |
Deferred Charges
|
119,316,707
52
74
|
91,079,896
82
98
|
28,728,351
75
53
|
|
Aircraft Manufacture Licence Fee
|
0
62
61
|
776,803
97
93
|
1,165,204
77
88
|
|
Miscellaneous
|
20,835,376
56
64
|
15,654,941
67
78
|
27,563,147
50
81
|
|
|
Long Term Assets
|
4,687,921,831
97
81
|
3,604,299,131
69
71
|
1,554,534,322
78
96
|
| + |
Stock
|
125,856,064
75
81
|
113,069,948
94
81
|
107,680,770
77
76
|
|
Stock in Store
|
142,494,717
83
80
|
136,413,950
50
65
|
118,979,140
78
75
|
|
Supplies Stock - Customer Work Orders
|
7,610,028
68
90
|
7,150,524
87
65
|
7,599,735
82
64
|
|
Stock of Printing and Stationery Items
|
16,554,928
52
89
|
10,938,627
79
70
|
12,413,733
66
79
|
|
Provision for Stock Obsolescence
|
(43,226,082)
51
62
|
(43,226,082)
60
70
|
(33,064,604)
84
88
|
|
Goods in transit
|
2,422,473
65
58
|
1,792,929
69
59
|
1,752,766
89
97
|
|
| + |
Debtors
|
766,269,261
85
72
|
622,414,429
76
86
|
880,915,577
87
53
|
|
Ethiopian Government
|
3,917,998
61
55
|
10,526,752
93
98
|
41,582,913
70
75
|
|
Airmail
|
34,274,559
62
73
|
33,203,321
63
91
|
32,229,159
93
80
|
|
Transportation - Airlines
|
69,036,046
69
94
|
45,025,190
93
79
|
80,784,190
64
76
|
|
Transportation - Others
|
355,837,611
67
80
|
202,658,411
85
87
|
225,708,712
89
73
|
|
Advance for Purchase of Aircraft
|
73,742,087
83
74
|
199,553,757
96
58
|
386,399,510
60
82
|
|
Deposits and Prepayments
|
153,935,050
62
71
|
78,819,730
88
55
|
68,172,084
69
57
|
|
Others
|
226,564,818
80
81
|
177,406,394
80
94
|
147,738,099
71
73
|
|
Provision for Doubtful Debts
|
(151,038,908)
73
91
|
(124,779,126)
67
65
|
(101,699,090)
70
82
|
|
|
Cash on Hand
|
37,715,363
91
87
|
29,831,821
61
75
|
16,962,672
74
50
|
| + |
Cash and Bank Balances
|
1,210,289,904
99
56
|
896,260,094
75
95
|
464,353,901
65
85
|
|
Cash with Foreign Banks
|
282,034,343
76
77
|
260,894,973
56
63
|
124,052,039
82
75
|
|
Provision for Currency Fluctuation
|
(4,900,000)
71
62
|
(4,900,000)
55
51
|
(4,900,000)
55
76
|
|
Provision for Blocked Bank Account
|
(35,791,874)
74
79
|
(35,791,874)
66
92
|
0
95
87
|
|
Technically Overdrawn Balances
|
(37,199,574)
73
86
|
(55,522,712)
74
84
|
(24,844,205)
60
98
|
|
Cash with Local Banks
|
109,431,359
85
59
|
99,083,279
54
59
|
53,763,343
53
69
|
|
Foreign Short Term Depositis
|
802,654,137
95
80
|
422,643,085
97
50
|
173,998,924
94
79
|
|
Unverified Deposits
|
56,346,150
75
64
|
180,021,522
92
80
|
125,321,128
65
98
|
|
|
Sub Total Current Assets
|
2,102,415,229
56
90
|
1,631,744,471
76
73
|
1,452,950,248
81
70
|
| + |
Total Assets
|
6,790,337,060
59
53
|
5,236,043,602
55
83
|
3,007,484,570
88
66
|
|
Predelivery Payments for Purchase of New Aircraft
|
98,481,331
81
72
|
74,648,152
76
85
|
0
82
80
|
|
| + |
Creditors
|
(825,370,102)
54
76
|
(570,810,023)
60
51
|
(538,880,619)
76
53
|
|
Payable to Oil Companies
|
(126,645,335)
80
51
|
(97,153,202)
68
71
|
(63,612,679)
82
84
|
|
Goods Received But Not Billed
|
(39,864,579)
68
89
|
(44,522,861)
73
95
|
(32,174,729)
61
54
|
|
Miscellaneous Accounts Payable
|
(242,072,644)
64
71
|
(189,408,838)
57
70
|
(160,651,686)
54
95
|
|
Accrued Interest
|
(13,465,843)
87
85
|
(8,711,211)
67
63
|
(9,304,805)
70
99
|
|
Accrued Insurance Premium
|
(183,138)
93
74
|
(5,502,246)
75
53
|
(4,956,341)
75
50
|
|
Other Airlines Pool Apportionment
|
(24,724,782)
56
54
|
(15,605,620)
52
75
|
(13,925,437)
76
84
|
|
Transportation Tax and Embarkation Fees
|
(114,665,980)
58
95
|
(74,997,457)
72
82
|
(60,070,893)
89
84
|
|
Miscellaneous Clearing Accounts
|
(458,099)
86
53
|
(9,049,097)
54
94
|
(4,270,655)
74
59
|
|
Advance from Customers' Work Orders
|
(15,540,894)
89
60
|
(14,986,765)
94
55
|
(36,383,331)
73
63
|
|
Others
|
(247,748,808)
53
66
|
(110,872,726)
88
79
|
(153,530,063)
69
62
|
|
|
Unearned Transportation
|
(558,748,867)
79
76
|
(389,455,553)
67
82
|
(326,392,403)
51
94
|
| + |
Current Maturity of Long Term Loans
|
(386,540,160)
66
59
|
(230,179,194)
88
88
|
(63,699,469)
92
76
|
|
Barclays Bank (Loan1)
|
(167,698,940)
72
77
|
0
80
77
|
0
71
53
|
|
Barclays Bank (Loan2)
|
(95,011,718)
86
59
|
0
63
79
|
0
64
87
|
|
Commercial Bank of Ethiopia (CBE 1)
|
(51,818,546)
93
68
|
0
53
81
|
0
97
73
|
|
Commercial Bank of Ethiopia (CBE 2)
|
0
93
76
|
0
100
60
|
0
57
50
|
|
Ethiopian Electric Power Corporation (EEPCO)
|
0
53
73
|
0
60
92
|
0
61
51
|
|
African Development Bank (Ministry of Finance and Economic Development )
|
(16,252,188)
67
84
|
0
79
98
|
0
60
100
|
|
Fokker Aircraft B.V.
|
(55,758,768)
50
96
|
0
58
64
|
0
75
73
|
|
|
Sub Total Current Liabilities
|
(1,770,659,129)
51
68
|
(1,190,444,770)
91
54
|
(928,972,491)
99
88
|
|
Net Current Assets
|
331,756,100
78
91
|
441,299,701
63
77
|
523,977,757
51
71
|
|
Net Assets
|
5,019,677,931
78
54
|
4,045,598,832
95
89
|
2,078,512,079
96
56
|
| + |
Deferred Liabilities
|
(2,569,556)
90
63
|
(1,181,974)
90
69
|
(4,012,814)
60
100
|
|
Training and Other Airlines' Personnel
|
(1,221,082)
69
61
|
0
95
78
|
(2,132,412)
75
70
|
|
Accumulated Fines Deducted from Employess
|
(1,348,474)
50
76
|
(1,181,974)
88
92
|
(1,035,147)
81
86
|
|
Miscellaneous
|
0
80
58
|
0
77
94
|
(845,255)
86
78
|
|
| + |
Long Term Loans
|
(2,795,672,631)
64
63
|
(2,133,985,768)
83
59
|
(394,535,780)
51
79
|
|
Barclays Bank (Loan1)
|
(2,286,344,219)
65
92
|
(1,525,203,676)
93
54
|
0
61
53
|
|
Barclays Bank (Loan2)
|
(241,013,660)
54
81
|
(316,291,839)
64
99
|
0
58
89
|
|
Commercial Bank of Ethiopia (CBE 1)
|
(166,477,400)
69
59
|
(160,436,189)
65
56
|
0
51
96
|
|
Commercial Bank of Ethiopia (CBE 2)
|
(54,250,765)
93
81
|
(12,971,368)
54
69
|
0
74
90
|
|
Ethiopian Electric Power Corporation (EEPCO)
|
0
98
89
|
0
53
80
|
(208,919,765)
98
55
|
|
African Development Bank (Ministry of Finance and Economic Development )
|
0
59
63
|
(16,252,187)
98
51
|
(32,504,375)
68
59
|
|
Fokker Aircraft B.V.
|
(47,586,587)
55
72
|
(102,830,509)
90
69
|
(153,111,640)
71
98
|
|
|
Total Liabilities
|
(4,568,901,316)
58
90
|
(3,325,612,512)
57
73
|
(1,327,521,085)
96
58
|
|
Capital
|
(2,176,761,317)
69
88
|
(1,866,849,568)
89
73
|
(1,635,741,629)
57
63
|
|
Contributions
|
(44,674,427)
63
54
|
(43,581,522)
51
67
|
(44,221,856)
85
100
|
|
Unappropriated Profit
|
0
72
94
|
0
62
70
|
0
96
80
|
|
Total Equity
|
(2,221,435,744)
79
50
|
(1,910,431,090)
51
68
|
(1,679,963,485)
70
72
|
|
Authorized
|
2,500,000,000
66
79
|
2,500,000,000
61
73
|
0
51
57
|