Charinet Mamo FS-2023

ETHIOPIA TANNERY SHARE COMPANY
REPORT AND ACCOUNTS

TABLE OF CONTENTS
Page
Balance sheet 3
Income statement 4
Statement of cash flows 5
Statement of changes in shareholder's equity 6
Notes to the financial statements 7-12
CHARINET MAMO MENGESHA
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 07 JULY 2023
Currency:Ethiopian Birr
ASSETS Notes
Non-currents assets
Property, plant and equipment 3 11,070,251
Total Non Current Assets 11,070,251

Current assets
Cash and bank balances 4 102,715
Trade receivable 569,550
Inventory 120,085
Total current assets 792,350
Total assets 11,862,601
EQUITY AND LIABILITIES

Capital and reserves
Registered Capital 8 120,000
Owner's Account -
Retained earning 8 7,908,864
8,028,864
Non-current liabilities
Bank loan 2,367,578
2,367,578
Current liabilities
Trade and other Payables 557,330
Profit tax Payable 5 908,829
4
STATEMENT OF FINANCIAL POSITION
1,466,159
Total Liability 3,833,737
Total equity and liabilities 11,862,601
5
STATEMENT OF PROFIT OR LOSS
Notes
Revenue 5,500,000
Cost of sales 6 628,000
Gross profit 4,872,000
EXPENSES
Administration, selling and distribution 7 2,223,918
Profit ( Loss ) before tax 2,648,082

Tax expense 5 908,829
Profit ( Loss ) for the year 1,739,253
5
STATEMENT OF CASH FLOWS
Cash flows from operating activities

Net profit for the year 1,739,253
Prior year adjustment (4,822,161)
Depreciation 601,513
(2,481,395)
Change in Inventory (120,085)
Increase in trade and other receivables (569,550)
Increase profit tax payable 908,829
Increase (Decrease) in Trade and other payable 557,330
776,524
Net cash (used in) generated from operating
activities (1,704,871)
Cash flows from investing activities

Acquisition of property plant and equipment (559,992)
Net cash outflow from investing activities -
(559,992)
Cash flows from Financing activities
Capital contribution -
Owner's Contrbution -
Term loan obtained 2,367,578
2,367,578
(Decrease) increase in cash and bank balances 102,715
Cash and bank balances, beginning of the year -
6
STATEMENT OF CASH FLOWS
Cash and bank balances, end of the year 102,715
7
NOTES TO THE FINANACIAL STATEMENTS
1 BACKGROUND
CHERINET MAMO MENGESHA was established on 15/06/2005 E.C as a

Breeding plant animals,with a capital of ETB 651,140.00 The address of the
company is Oromia region Bishoftu city Debayu sub city, Daka bora kebele,
House New-.
2 ACCOUNTING POLICIES
The principle accounting policies adopted by the Company which are consistent
with those applied in the preceding years are stated below.
2.1 Basis of preparation

These financial statements have been prepared in compliance with Acceptable
Financial Accounting Practice. They are prepared under the historical cost
convention.
2.2 Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation.
Depreciation is charged in accordance with Income Tax Proclamation 979/2016,
on the straight-line basis for buildings and on the written down value for other
assets, at the following rates per annum.
Building 5%
Computer and accessories 20%
Other Assets 15%
2.3 Inventory and goods in transit
7
Raw materials, work-in-progress, finished goods, packing materials, stores, spares,

components, consumables and stock-in-trade are carried at the lower of cost and
net realizable value. However, materials and other items held for use in production
of inventories are not written down below cost if the finished goods in which they
will be incorporated are expected to be sold at or above cost. The comparison of
cost and net realizable value is made on an item-by item basis.
8
In determining the cost of raw materials, packing materials, stock-in-trade, stores,
spares, components and consumables, weighted average cost method is used. Cost
of inventory comprises all costs of purchase, duties, taxes (other than those
subsequently recoverable from tax authorities) and all other costs incurred in
bringing the inventory to their present location and condition.
2.4 Cash and cash equivalents
Cash and cash equivalents for the purpose of Cash Flow Statement comprise cash
and cheques in hand, bank balances, demand deposits with banks where the
original maturity is three months or less and other short term highly liquid
investments.
2.5 Trade and other receivables
Trade and other receivables are carried at the original invoiced amounts less an
estimate made for bad and doubtful receivables based on the review of all
outstanding amounts on account by account basis, at the year end.
2.6 Trade and other payables

Trade and other payables are carried at cost, measured at the fair or contractual
value of consideration to be paid in future in respect of goods and services supplied
by the supplier.
2.7 Borrowing Cost

Borrowing cost includes interest, amortization of ancillary costs incurred in
connection with the arrangement of borrowings and exchange differences arising
from foreign currency borrowings to the extent they are regarded as an adjustment
to the interest cost.
Borrowing costs, if any, directly attributable to the acquisition, construction or

production of an asset that necessarily takes a substantial period of time to get
ready for its intended use or sale are capitalized, if any. All other borrowing costs
are expensed in the period in which they occur.
9
2.8 Revenue recognition
Revenue is recognized when it is probable that economic benefits associated with a
transaction flows to the Company in the ordinary course of its activities and the
amount of revenue can be measured reliably. Revenue is measured at the fair value
of the consideration received or receivable, net of returns, trade discounts and
volume rebates allowed by the Company.
Revenue includes only the gross inflows of economic benefits, including excise
duty, received and receivable by the Company, on its own account. Amounts
collected on behalf of third parties such as sales tax and value added tax are
excluded from revenue.
2.9 Translation of foreign currencies

Transactions in foreign currencies during the year are converted into Ethiopian Birr
at the exchange rate ruling at the date of the transaction. Foreign currency
monetary assets and liabilities are translated at the exchange rates ruling at the
balance sheet date.
3 PROPERTY, PLANT AND EQUIPMENT
Additions/
Balance at Transfers/
COST 08 July 2022 Disposals
Building 10,190,259 559,992
Office Equipment 320,000 -
- -
10,510,259 559,992
DEPRECIATION
Building 509,513 537,513
Office Equipment 64,000 64,000
- -
573,513 601,513
NET BOOK VALUE 9,936,746
10
4 CASH AND BANK BALANCE
Cash on hand
Cash at bank
11
5 PROVISION FOR TAXATION

Profit for the year
Add : Non allowable expenses :
Taxable profit
Profit tax
Less: Advance profit tax paid
Profit tax payable
6 COST OF SALES
Beginning inventory
Add: Purchase
Cost of goods sold available for sale
Less: ending inventory
7 SELLING AND DISTRIBUTION AND ADMINISTRATIVE EXPENSE
Salary Expense
Transport Expense
Utility expense
Feed Expense
Fuel Expense
Miscellanous expense
Depreciation Expense
Interest Expense
8 Owners' Capital
Accumulated Registered
Profit/Loss Capital
Balanace at 08 July 2022 6,169,611 120,000
Prior period adjustment - -
Current period change 1,739,253 -
Balanace at 07 July 2023 7,908,864 120,000
12
9 SUBSEQUENT EVENTS
There is no subsequent event which requires adjustment and/or additional
disclosure to the financial statements.
13
5/06/2005 E.C as a
The address of the
Daka bora kebele,
y which are consistent

.
nce with Acceptable

he historical cost
mulated depreciation.
Proclamation 979/2016,
down value for other
14
g materials, stores, spares,
at the lower of cost and
held for use in production
hed goods in which they
ost. The comparison of
basis.
15
ls, stock-in-trade, stores,
cost method is used. Cost
(other than those
er costs incurred in
ion.
Statement comprise cash

h banks where the
rm highly liquid
oiced amounts less an

the review of all
year end.
the fair or contractual

oods and services supplied
y costs incurred in
ange differences arising
egarded as an adjustment
ition, construction or
period of time to get
ll other borrowing costs
16
benefits associated with a
of its activities and the
measured at the fair value
trade discounts and
efits, including excise

n account. Amounts
alue added tax are
verted into Ethiopian Birr

Foreign currency
ge rates ruling at the
Balance at
07 July 2023
10,750,251
320,000
-
11,070,251
1,047,026
128,000
-
1,175,026
9,895,225
17
81,200
21,515
102,715
18
2,648,082
-
2,648,082
908,829
-
908,829
220,000
528,085
748,085
120,085
628,000
ATIVE EXPENSE
126,000
88,964
92,450
680,400
69,507
15,000
601,513
550,084
2,223,918
Total
6,289,611
-
1,739,253
8,028,864
19
nd/or additional
20
OTTO KESSLER GLOVES ETHIOPIA PLC
NOTES TO THE FINANCIAL STATEMENTS
###
16 DEFERRED TAX
Written
Tax base Current year
Current year Tax base to Tax written down value of
Description of Assets brought deprection
additions date down value Assets
forward allowable
Written off
Building 126,688.30 0.00 126,688.30 6,334.42 120,353.88

Machinery 1,639,811.61 260,740.71 1,900,552.32 380,110.46 1,520,441.86
Furnature and equipment 422,118.78 259,472.72 681,591.50 136,318.30 545,273.20
Computer and accessories 89,622.82 206,885.25 296,508.07 74,127.02 222,381.05
Tools 174,364.50 246,116.98 420,481.48 84,096.30 336,385.18
Others 697,726.50 72,552.70 770,279.20 154,055.84 616,223.36
TOTAL 3,150,332.51 1,045,768.36 4,196,100.87 835,042.34 3,361,058.53 0.00

Book value of property,plant and
equipment 2,955,160.56
Difference between tax base and
accounting profit base (195,171.95)
Deffered tax liability (30%) (58,551.58)
Previous year accounted (10,403.39)
To be adjusted (48,148.19)
13
Tax written
down value as
on 31.03.2013
2,010 2,011 2,012 2,013
120,353.88 Building 6,368.70 6,515.00 6,667.81 6,334.42 25,885.93

Furnature
1,520,441.86 Machinery 187,782.60 245,887.00 409,952.90 380,110.46 1,223,732.96
and
Computer
545,273.20 equipment 102,265.80 81,813.00 105,529.69 136,318.30 425,926.79
and
222,381.05 accessories 41,973.60 39,832.00 29,874.28 74,127.02 185,806.90
336,385.18 Tools 24,790.60 19,832.00 43,591.13 84,096.30 172,310.03
616,223.36 Others 21,751.60 23,039.00 174,431.63 154,055.84 373,278.07
3,361,058.53 384,932.90 416,918.00 770,047.44 835,042.34 2,406,940.68
2,955,160.56
(405,897.97)
(121,769.39)
(58,551.58)
(63,217.81)
14
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
over All their depreciation.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
the profit permanent
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
attributable is treated
to one in continuing
the balance activity,
sheet... as a liability.
Otto Kessler Gloves Ethiopia Private Limited assets,
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
intowill therespectively.
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
The interest element of the rental obligations is charged expenditures
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
the lease and17969/09 represents Issued
a constant from Ethiopian
proportion of theInvestment agency
balance of capital wit
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
outstanding. as a paid up capital according to business license number MT/A
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
on theor onstraight-lin
translati
denom
Rentals paid under operating leases are charged to income on a straight line basis over the l
term. assets,
into
those theatonEthiopian
which
written theydown
Birr,
wereusing
value,
translat
the
at
The Company’s main objectives of establishment Foreign
or are
in previous to
exchange perform
financial the
gains statemen follow
or losses
expenses.
period in which they arise. Buildings
a) Production and trading of lether gloves Computer a
b) Production and trading of lether garments lether goods and other All other
letheraa
c) Conducting other related businesses activity
2 BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared on historical cost basis. The
10,571,927.31 during the year and as at 31 December 2013, the accumu
813% of the paid up capital.
There is significant uncertainty that the entity will be able to continue as a

unable to realize its assets and discharge its liabilities in normal course of b
These financial statements, however, have been prepared on going concern

will continue in operational existence for the forceable future. As a result,
relating to the recoverability and classification of recorded asset amounts o
liabilities that may be necessary if the entity is unable to continue as a goin
3 SIGNIFICANT ACCOUNTING POLICIES
9
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa


The principal accounting policies adopted by the Company, which

10 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



11 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



12 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



13 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



14 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



15 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



16 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



17 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



18 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



19 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



20 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



21 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



22 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



23 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



24 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



25 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



26 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



27 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



28 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



29 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



30 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



31 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



32 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



33 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



34 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



35 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



36 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



37 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



38 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



39 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



40 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



41 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



42 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



43 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



44 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



45 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



46 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



47 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



48 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



49 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



50 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



51 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



52 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



53 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



54 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



55 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



56 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



57 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



58 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



59 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



60 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



61 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



62 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



63 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



64 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



65 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



66 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



67 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



68 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



69 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



70 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



71 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



72 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



73 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



74 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



75 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



76 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



77 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



78 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



79 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



80 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



81 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



82 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



83 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



84 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



85 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



86 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



87 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



88 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



89 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



90 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



91 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



92 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



93 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



94 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



95 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



96 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



97 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



98 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



99 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



100 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



101 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



102 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



103 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



104 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



105 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



106 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



107 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



108 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



109 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



110 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



111 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



112 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



113 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



114 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



115 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



116 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



117 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



118 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



119 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



120 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



121 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



122 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



123 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



124 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



125 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



126 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



127 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



128 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



129 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



130 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



131 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



132 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



133 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



134 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



135 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



136 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



137 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



138 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



139 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



140 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



141 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



142 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



143 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



144 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



145 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



146 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



147 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



148 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



149 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



150 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



151 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



152 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



153 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



154 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



155 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



156 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



157 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



158 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



159 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



160 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



161 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



162 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



163 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



164 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



165 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



166 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



167 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



168 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



169 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



170 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



171 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



172 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



173 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



174 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



175 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



176 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



177 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



178 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



179 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



180 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



181 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



182 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



183 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



184 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



185 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



186 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



187 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



188 are cons
as follows.
1 BACKGROUD
Assets
Full
Depreciation
Goodwill
Finance
Accrued
Turnover
Transactions
The
Profitdifferences
company
provision
all the
on
held
recognition
profit
contracts
years.
hire
value
Monetary
are
tax
charges
retirement
ordinary
is
represents
explained
purchase
and
added
risks
being
under
loss
in
ofoperates
assets
of
and
tax
as
is
assets
foreign
between
payable
made
activities
written
finance
contracts
gains
account
and
benefits
the
rewards
follows:
held
andtrade
currencies
a invoiced
for
the
under
defined
off
leases
under
multiplied
from
tax
deferred
liabilities
asofthey
in finance
equal
assessed
and
defined
discounts.
finance
contribution
ownership
value
arehire
become
recorded
by
annual
taxation
denominated
of
leases
of
benefit
leases
the
purchase
for
payable
goods
standard
the
pension
the asset
installments
and
at
and
resulting
pension
period
and
the
contracts,
hire
rate
scheme.
services
rate
purchase
schemes
and
from
Property,
Most
Trade
Staff
ininforeign
accordance
have passed
over
ruling
ofthe
which
currencies
corporation
supplied
with
timing
Contributions
its
retirement
sales
payablesstandard
at estimated
plant
are
to the
are
the differences
those
arerules
date
byrate
made
and
are
company,
the
of
where
are
benefits
translated
economic
ofcompany,
the
of theare
corporation
charged
obligations
equipment
on thebetween
aretransact
substan
scheme.
lifene
basis
covear
atcapitalize
the rat
to
on
the balance
exchange ruling
sheetat the
and balance
depreciated
sheet date.
receivables
not
the
Transactions
differences
useful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencie
interest
loss
leaseaccoor.
purchase is
Turnover obligation
carrying
translated
monthly
exchange which
Company amounts
salaries,
prevailing
was of
result
Ethiopian
trade
at the future
established and
date
Birr
ot
ec
ono
whether
date.
liabilities
Foreign
to thethere
outstanding
profiton
exchange
isandmaintenance
anylossobjective
at gains
the close
account and
orevl
over
license
period of No.EIA-IP
repaym
Depreciation
recoverable.
other
the rateexpenses.
rulingIfison so,
charged
that
an impairment
date.
in accord
Exch
1,300,000
286/2002,
or
of loss. Trade
monetary i.e.,
items
receivables
translati
denom
term. assets,
into
which
written theydown
Birr,
wereusing
value,
translat
the
at
or are
in previous to
exchange perform
financial the
or losses
expenses.
letheraa



189 are cons
as follows.
eallments
sion
dard
period
and
sulting
d
the
contracts,
hire
rate
scheme.
services
rate
purchase
and
from
over
ruling
ofthe
which
corporation
supplied
timing
Contributions
its
standard
at estimated
are
the differences
those
date
byrate
the
of
where
are
economic
ofcompany,
the
corporation
charged
between
transaction.
substantially
lifenet
toofthe
tax
of
5
Property,
Most
Trade
Staff
accordance
reign
have passed
retirement
sales
payables
currencies
with
plant
are
to the
made
and
are
benefits
arerules
obligations
equipment
company,
on
translated
of theare
the
are
scheme.
basis
covered
are
on
atcapitalized
of
the rate of
the
stated
in
normal
by
basis
way
at cost
of
credit
ofnormal
provident
lessterms,
accumulated
credit
and
fund
terms
theto which
and do
depreciation.
receivables
not
the
Transactions
erences
seful Company
bear
lives. interest.
are takenThedo toin
Major
and
not
foreign
Trade
the
bear
expenditure
corresponding
andpayables
currencies
interest
loss or. on
At
denominated
employees
leaseaccount. are
hiremodification
thetranslated
end of
contribute
each
in into
aand
foreign
reporting
Birr
betterment
10%atcurrency
the
and
period,
rate
6%
of fixed
are
of
of
the
..
as a liability.
assets,
carrying
translated
monthly
exchange
mited which
Companyamounts
salaries,
prevailing
intowill
therespectively.
was of
result
Ethiopian
trade
at the
future
and
date
established Birr,
other
economic
of using
on15 transaction.
receivables
the
Octoberbenefits
exchange
Monetary
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epared on historical cost basis. The Company incurred loss of Birr

at 31 December 2013, the accumulated loss of the Company has reached
entity will be able to continue as a going concern and therefore, may be

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ve been prepared on going concern basis which assumes that the Company
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ntity is unable to continue as a going concern.
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ETHIOPIA TANNERY SHARE COMPANY

REPORT AND ACCOUNTS

Total Non Current Assets 11,070,251

EQUITY AND LIABILITIES

Profit ( Loss ) before tax 2,648,082

Cash flows from operating activities

Cash flows from investing activities

Cash and bank balances, beginning of the year -

CHERINET MAMO MENGESHA was established on 15/06/2005 E.C as a

2.1 Basis of preparation

2.2 Property, plant and equipment

2.3 Inventory and goods in transit

Raw materials, work-in-progress, finished goods, packing materials, stores, spares,

2.4 Cash and cash equivalents

2.5 Trade and other receivables

2.6 Trade and other payables

2.7 Borrowing Cost

Borrowing costs, if any, directly attributable to the acquisition, construction or

2.9 Translation of foreign currencies

3 PROPERTY, PLANT AND EQUIPMENT

NET BOOK VALUE 9,936,746

5 PROVISION FOR TAXATION

7 SELLING AND DISTRIBUTION AND ADMINISTRATIVE EXPENSE

y which are consistent

nce with Acceptable

Statement comprise cash

oiced amounts less an

the fair or contractual

efits, including excise

verted into Ethiopian Birr

Building 126,688.30 0.00 126,688.30 6,334.42 120,353.88

Others 697,726.50 72,552.70 770,279.20 154,055.84 616,223.36

TOTAL 3,150,332.51 1,045,768.36 4,196,100.87 835,042.34 3,361,058.53 0.00

2,010 2,011 2,012 2,013

120,353.88 Building 6,368.70 6,515.00 6,667.81 6,334.42 25,885.93

616,223.36 Others 21,751.60 23,039.00 174,431.63 154,055.84 373,278.07

3,361,058.53 384,932.90 416,918.00 770,047.44 835,042.34 2,406,940.68

2 BASIS OF PREPARING THE FINANCIAL STATEMENTS

There is significant uncertainty that the entity will be able to continue as a

These financial statements, however, have been prepared on going concern

3 SIGNIFICANT ACCOUNTING POLICIES

2 BASIS OF PREPARING THE FINANCIAL STATEMENTS

There is significant uncertainty that the entity will be able to continue as a

These financial statements, however, have been prepared on going concern

3 SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies adopted by the Company, which

2 BASIS OF PREPARING THE FINANCIAL STATEMENTS

There is significant uncertainty that the entity will be able to continue as a

These financial statements, however, have been prepared on going concern

3 SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies adopted by the Company, which

2 BASIS OF PREPARING THE FINANCIAL STATEMENTS

There is significant uncertainty that the entity will be able to continue as a

These financial statements, however, have been prepared on going concern

3 SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies adopted by the Company, which

2 BASIS OF PREPARING THE FINANCIAL STATEMENTS

There is significant uncertainty that the entity will be able to continue as a

These financial statements, however, have been prepared on going concern