ARUSHA NODE MARIE Annual General Meeting 2006

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ARUSHA NODE MARIEAnnual General Meeting2006

• TREASURERS REPORT

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INCOME

• By the end of year 2005 ANM turnover amounted to
  TShs. 639,412,848
• This records an increase of 9 above income
  generated in year 2004 as shown on table below
• ANM income has been increasing at a decreasing
  rate since year 2000

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• Income Figures in 000,000
• Year '97 '98 '99 '00 '01 '02 '03 '04 05
• Inc. 56 138 146 234 340 469 537 585 639
• Percent Growth in Income
• 100 146 6 60 45 38 14 9 9

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EXPENDITURE

• The recurrent expenditure during the period under
  review amounted to Shs. 699,877,677.
• These results are the worst since inception as
  expenditure exceeded income by 10 as shown in
  table 2 below.
• Expenditure that saw ANM suffer a loss this year
  is mostly expansion.

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• Income/Expenditure Comparison Figures in
  "000,000"
• Yr 97 98 99 00 01 02 03 04 05
• Inc.56 138 146 234 340 469 537 585 639
• Exp60 128 145 216 307 436 534 600 700
• (/-)(4) 10 1 18 33 33 3 (15) (61)
• (/-) -7 7 1 8 10 7 1 -3 10

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• ANM spent
• Tshs.31,758,045/ on consumable equipment
• Tshs.15,188,050 additional labour due to
  expansion
• Equipment repairs increased to Tshs.22,048,599/
  during 2005 compared to Tshs.14,383,929 in year
  2004

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EXPANSION LOAN

• ANM obtained an additional loan of
  Tshs.19,487,403
• The loan was used to purchase equipment for
  expansion and upgrading backbone radios
• Repayment of the loans taken in both 2004 and
  2005 cost ANM Tshs.5,766,948/ to pay for
  interest expenses during the year

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INVESTMENT

• Changeover to DSL, upgrading radios and
  maintenance of equipment cost ANM Tshs 83,207,722
  
• This is in line with ANM endeavour to expand
  network for provision of better services to
  members

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CASH FLOW

• During the period under review, ANMs cash flow
  remained net positive
• The NODE was able to meet without any hindrance
  its current and all maturing financial
  obligations

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ACCUMULATED LOSSES

• ANM has accumulated losses amounting to
  Tshs.22,487,862/ arising due to expansion

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• INCOME STATEMENT in 000,000
• Yr 00 01 02 03 04 05
• Inc. 243 340 469 537 585 639
• Exp. 216 307 436 534 600 700
• Surp./(Def.) 27 33 33 5 (15) (61)

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• BALANCE SHEET in 000,000
• Year 00 01 02 03 04 05
• NCA 34 65 97 137 79 83
• C/A 65 55 54 52 80 84
• Total 53 76 109 111 159 167
• NCL 0 0 0 0 14 4
• C/L 46 42 42 78 107 186
• ACC/F 26 44 76 108 53 38
• Surplus 27 33 33 3 (15) (61)
• Total 53 76 109 111 159 167

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• CASH FLOW in 000,000
• Year 02 03 04 05
• Surplus 33 2.5 (15) (61)
• Adjust. 73 77 72 79
• W/C Movement 67 120 (25) 71
• Net Cash Flow 11 8 (11) 7
• Add-C/B Open 120 9 17 7
• CL/Cash/Bank 9 17 6 14