Cambria Africa plc (CMB) 2013年年度报告「LSE」.pdf

1、Chief Executive Officers Statement 4Directors8Statement of Directors Responsibilities9Directors Report10Report of the Independent Auditors,KPMG Audit LLC,to the members of Cambria Africa Plc.14Consolidated Income Statement 16Consolidated Statement of Comprehensive Income17Consolidated Statement of C

2、hanges in Equity18Consolidated and Company Statement of Financial Position20Consolidated Statement of Cash Flows21Notes to the Financial Statements22-66Corporate information67Shareholder information68 Table of ContentsAnnual Report 2013PAGE 4CAMBRIA AFRICA PLCThere was a slowdown in the rate of grow

3、th when compared to last year(when,for example,revenues grew 64%year-on-year in those businesses)which can largely be attributed to a high level of uncertainty in the business environment during the second half of the financial year in Zimbabwe as a result of the elections,which,irrespective of coun

4、try,always negatively impact economies.During this election year,Zimbabwe experi-enced periods of liquidity shortages,resulting in cautious con-sumer spending which directly contracted growth in our portfo-lio.This slowdown continues to impact current performance of our investments.Our pursuit of sc

5、ale for both Payserv and Millchem,together with the prudent strategy to regionalise,has meant Cambria continued to invest for the future throughout this period.We are confident that the positive impact of regional expansion into Zambia(and subsequent entry into Malawi for Millchem),together with the

6、 launch of various new products,will yield re-sults in the coming periods.Cambrias EBITDA loss for the period for continuing operations was US$3,6 million,a 52%reduction when compared to last year.The Group loss for the year is US$5.0 million for continuing operations.Discontinued operations,includi