CORPORATE INFORMATION
REPORT OF THE DIRECTOR
DIRECTOR RESPONSIBILITY
REPORT OF THE AUDITORS
STATEMENT OF ACCOUNTING POLICIES
STATEMENT OF FINANCIAL POSITION
STATEMENT OF COMPREHENSIVE INCOME
STATEMENT OF CHANGES IN EQUITY
CASH FLOW STATEMENT
NOTES TO THE ACCOUNTS
THREE-YEAR FINANCIAL SUMMARY
C ONTENTS
i
ii - vi
vii
viii - ix
x
1
2
3
4
AUSTIN LAZ & CO PLCFor the year ended 31st December, 2015
5 - 7
8
i
CORPORATE INFORMATION
DIRECTORS
PROF.PAT UTOMI – CHAIRMAN
DR. A. L. ASIMONYE – VICE CHAIRMAN/CEO
BENIN CITY,
EDO STATE.
BANKERS
UNION BANK PLC,
FIRST BANK OF NIGERIA PLC.
ACCESS BANK PLC.
BARR. (MRS.) C. O, ASIMONYE– DIRECTOR
BARR. IFEANYI OFOR – DIRECTOR
ENGR. CHARLES ODITA – DIRECTOR
DR. OGUIKE TEMPE – DIRECTOR
HEAD OFFICE ADDRESS
KM 8, SAPELE ROAD
138, NEW LAGOS ROAD,
BENIN CITY.
COMPANY SECRETARY
IFEANYI OFOR & ASSOCIATES,
UNITED BANK FOR AFRICA PLC.
ZENITH BANK OF NIGERIA PLC.
AUDITORS
MESSRS VICTOR OLATUNJI & CO.
(CHARTERED ACCOUNTANTS)
WARRI,
DELTA STATE
AUSTIN LAZ & CO PLCFor the year ended 31st December, 2015
PRINCIPAL ACTIVITIES
RESULT FOR THE YEAR
The summary of business transactions for the year ended 31st
December, 2015:-
2015 2014
=N= =N=
(58,499) (158,439)
Taxation (593) (603)
(59,092) (158,942)
Profit/(Loss) Brought Forward 25,176 184,118
(33,916) 25,176
DIVIDEND
The Directors do not recommend payment of any dividend to members.
Profit After Taxation
Profit Carried Forward
The board of directors has pleasure in submitting to member their report together with financial
statement of the company for the year ended 31 December 2015
DIRECTORS REPOR FOR THE YEAR ENDED 31 DECEMBER 2015
1 INCORPORATION &LEGAL STATUS OF THE COMPANY
REPORT OF THE DIRECTORS
The Directors have the pleasure to present their report on the affairs of the company for the year
ended 31st December, 2015.
The principal activities of the company during the year were manufacture of Austin Lazarus Ice Block
Machines and Aluminum Long Spam Roofing Sheet.
Profit/(Loss)Before Taxation
The company was incorporated as privately owned company in 1982 and was converted to a public
company in 2011 quoted on the stock exchange in 2012. The company is domiciled in Nigeria and its
shares are listed on the Nigeria Stock Exchange (NSE).
The company started as pioneer manufacturer of ICE machine. Because of growth opportunities in
the company’s region, it diversified into other division which include: Thermoplastic Industry for the
production of coolers and other plastic products, Aluminium factory for the corrugation of long span
Alumimum roofing sheets (2005), manufacturing of both domestic and industrial use currently
about 1,079,860 shares are held by about 370 Nigerians.
PRINCIPAL ACTIVITIES
The principal activities of the company are the manufacturing and sale of Building materials, and
thermoplastics products.
AUSTIN LAZ & CO PLCFor the year ended 31st December, 2015
iii
2015 2014
N’000 N’000
261055 615,730
33742 9697
(58499) (158439)
(593) (603)
_____________
(59092) (158942)
25176 184118
(33916) 25,176
YEAR
1982
2003
2004
2005
2006
2007
2008
2008
2010
2015
1,500,000 NIGERIA
1,000,000 NIGERIA
100,000 NIGERIA DIRECTOR
8,000,000 NIGERIA
100,000 NIGERIA544,874,000 NIGERIA M.D
16,240,000 NIGERIA DIRECTOR
Turnover
Gross Profit
(Loss)/Profit before Tax
Tax
2 Business Review and future Development
3 Operating Results
DETAILS OF SHARE CAPITAL HISTORY AND SHARE HOLDING ANALYSIS
Continuator No5
SHARE CAPITAL HISTORY
Profit/(loss) for the Year
Profit Carried Forward
4 Dividend
In respect of the financial performance of the company in recent years, no dividend is being
recommended by the Directors. The Directors are making serious efforts to infect capital returns
into the company which will enhance financial capability of company
5 Share Capital History.
Details of the authorized and issued share capital are set on below.
ISSUED &FULLY PAID-AUTHORIZED (N)
CUMULATIVE
50,000
50,000
50,000
CONSIDERATION
CASH
-
-
INCREASE CUMULATIVE
50,000 50,000
- 50.000
- 50,000
- 50,000
19,950,00 20,000,000
-
CASH
-
50,000
20,000,000
20,000,000
DESINATION
CHIRMAN
NATIONALITY
DIRECTOR
- 20,000,000
587,550,000 607,550,00
142,450,000 750,000,000
- 750,000,000
DIRECTOR INTEREST IN SHARE
The interest of director, direct and indirect, in the share of the company as recorded in the register
of directors shareholding or as notifies by them for purpose of section 275 and 276 of the company
and allied matter act, cap c20 LFN 2004 is as follows.
BONUS
-
BONUS
485,930,000
485,930,000
539,930,000
DIRECTORBar.Obiageli C. Asimonye
DIRECTORDr. Oguike Temple
Dr. Austin Asimonye
Engr. Charles Odita
Prof. Pat Utomi
Mr Emmanuel Ugboh
Bar.Ifeanyi Ofor
iv
2014
No of
Shareholding%
287 0.02
50 0.01
13 0.01
5 0.01
2 0.02
1 0.01
1 0.09
2 0.51
5,000,001-10,000,000 3 2.29
10,000,001-50,000,000 0 -
6 97.03
370 100
1,000,000
8,000,000
DIRECTORS INTEREST IN SHARES.
1,500,000
2015
Prof. Pat Utomi 1500,00
1,000,000Mr Emmanuel Ugboh
Bar.Ifeanyi Ofor
Bar.Obiageli C. Asimonye
100,000
544,874,000 544,874,000
Dr. Oguike Temple
Dr. Austin Asimonye
100,000
800,000
100000
100,000
SHARE HOLDING ANALYSIS
Number of Holding
1-1,000
1,001-5,000
5,001-10,000
10,001-50,000
16,240,00016,240,000Engr. Charles Odita
The interest of directors, direct and indirect in the share of the company as recorded in the register
of directors’ shareholding or as notifies by them for purpose of section 275 and 276 of the company
and allied matter act, cap c20 LFN 2004 is as follows.
SHARE HOLDING RAGE ANALYSIS
In Annual Report Change to: Substantial Interest in Shares
5,500,000
24,681
-
1,047,860,000
1,079,860,000
Above 50,000,000
Units of Shares
173,380
119,920
92,700
82,700
200,000
150,000
1,000,000
50,001-100,000
100,001-500,000
500,001-1,000,000
1,00.001-5,000,000
Unibake Ltd
Resort Securities Ltd
100,000,000
100,000,000
Substantial Shareholders Interest
On the record of the Register of members as at December 31st 2015, the following: Shareholders Numbers of Shares
Arin Labs Int’l Ltd 100,000,000
v
-
-
-
-
Director
Director
Shareholder
Shareholder
Donations & Charitable Contributions
Despite the economic situation of the country in recent times, the company was able to identify
with the aspiration of the Community and Charitable Contributions to the time of one Million three
hundred and Fifty eight Naira only (1,358,000,000).
The finance and general purpose assist the board of Directors in performing its guidance and
oversight functions effectively and efficiently by specifically determining its financial and operation
priorities, making recommendation regarding the company dividend policy and evaluating the long
term productivity of the company’s operations.
The committee is chaired by Mr. Emmanuel Ugboh.
The committee is chaired by Rev.Dr. Israel Ogbechie.
The members of the committee are:
Engr. Charles Odita
Mr Emmanuel Ugboh
Barr. Mrs. C.O. Asimonye
Engr. Ojogbo
Mrs Scholar Osemena
Director
The Audit committee was established in compliance with section 359(3) of the CAMA, which requires every
listed company to have an Audit committee. In accordance with section 359(3) and (4) of the CAMA, the audit
committee is made up of six members, three non- executive directors and three shareholders of the company.
The members of the Audit Committee are not required to be independent. The Audit Committee members
meet at least three times a year and the meetings are attended by the appropriate executives of the company
including the Group Chief Finance officer and the Head Internal Control and Audit.
The duties of the committee include keeping under reviews the scope and results of the external audit, as well
as the independence and objectivity of the Auditors. The committee also keeps under review internal financial
controls, compliance with laws and regulations and the safeguarding of the assets and the adequacy of the
plan of the internal audit and review its audit report.
The Members of the committee are
Dr. I. C. Oguike
Dr. Austin Asimonye
AUDIT COMMITTEE
Incompliance with section 38(2) of the companies Allied Matters Act.2004 the company deduct
make any donation or gift to any political party, political association or for any political purpose
during the year.
BOARD COMMITTEES
As at the date of this report, the company has in place the following board committees;
FINANCIAL AND GENERAL PURPOSE COMMITTEE
vi
We do not discourage against disabled person in the company.
Health and Safety
All efforts are geared towards proving a safe and conducive working environment for employees, to this end,
there is a written health and safety policy supported by system and procedures for ensuring that safe working
practices are complied with in the performance of all company functions. In the event of accident or accident
occurring at the work place, there are adequate provision for medical care in our agent clinic which are well
stocked and competently managed by qualified medical personnel. Furthermore, all employee of the company
are provided for free medical care.
AUDITORS
In accordance with section 357 (2) of the Companies and Allied Matters Act of 1990, Messrs Victor Olatunji &
Co. (Chartered Accountants) having expressed their willingness may continue in office as the
Company’s Auditor
Contractual Arrangements
Policy on payment of suppliers
Property, Plant & Equipment
Human Resources
Employment of Disabled Person
The company recognize human capital as one of the most critical factors. The Board has created a favourable
work environment that encourages innovation and meritocracy and relations with employees have continued
to improve significantly.
The company’s business operation utilize many suppliers and arrangements are in place to ensure that the
business is not totally reliant on a single supplier for key materials or components.
It is the policy of the company to agree terms of payment prior to commencing business with a supplier and to
abide by those terms on the timely submission of satisfactory invoices
Information relating to changes in the company property, plant and equipment is given in Note 16 to the
consolidated and separate financial statement in the value show in the consolidated and separate financial
statement.
For the year ended 31st December, 2015
AUSTIN LAZ & CO PLC
vii
AUSTIN LAZ & CO PLC
For the year ended 31st December, 2015
ix
x
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31ST
DECEMBER, 2015
%
1. BASIS OF PREPARATION
4. DEPRECIATION
Depreciation is calculated to write-off the cost of Fixed Assets over their expected useful
Land and Building 2
Plant and Machinery 10
The following is a summary of the significant accounting policies adopted by the company in the
These financial statements, for the year ended 31st December, 2015, are prepared in accordance
2. TURNOVER
Turnover represents the value of goods and services sold to third party during the year.
3. FIXED ASSETS
Fixed Assets are stated at deemed cost less depreciation.
Stocks are stated at the lower of cost or estimated fair value.
6. TRADE RECEIVABLES
Trade receivables are stated at their face value.
Motor Vehicles 10
Furniture and Fittings and Equipment 10
5. INVENTORIES
AUSTIN LAZ & CO PLCFor the year ended 31st December, 2015
1
ASSETS NOTES
NON CURRENT ASSESTS
PROPERTY, PLANT AND EQUIPMENT 1
OTHER INTANGIBLE ASSETS
TOTAL NON-CURRENT ASSETS
CURRENT ASSETS
INVENTORIES 2
TRADE RECEIVABLES 3
CASH AND CASH EQUIVALENTS 4
TOTAL CURRENT ASSETS
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL 5
CAPITAL RESERVES 6
RETAINED EARNINGS
TOTAL EQUITY
NON CURRENT LIABILITIES
LONG TERM BORROWINGS
TOTAL NON CURRENT LIABILITIES
CURRENT LIABILITIES
TRADE PAYABLES 7
SHORT TERM PROVISIONS 8
TOTAL CURRENT LIABILITIES
TOTAL EQUITY & LIABILITIES
------------------------------------ )
) DIRECTORS
------------------------------------- )
The Accompanying Notes Form Integral Part Of These Accounts
486,110
1,867,988
539,930
1,224,776
{33,916}
1,730,790
495,973
2,041,290
539,930
1,789,882
119,655
158,050
328,273
9,650
AUSTIN LAZ AND COMPANY PLCSTATEMENT OF FINANCIAL POSITION
AS AT 31ST DECEMBER 2015
1,224,776
25,176
2015
N'000
2014
N'000
1,214,712
167,166
1,381,878
239,866
242,004
4,240
1,378,151
167,166
1,545,317
119,655
16,235
1,308
17,543
1,867,988
207,320
207,320
38,770
5,318
44,088
2,041,290
2
2015 2014
NOTES N'000 N'000
TURNOVER 9 261,055 615,730
COST OF SALES 10 {227,313} {606,033}
GROSS PROFIT 33,742 9,697
DISTRIBUTION EXPENSES 11 {14,852} {38,150}
ADMINISTRATIVE EXPENSES 12 {74,984} {92,181}
FINANCE COSTS 13 {2,405} {37,805}
PROFIT/(OSS) BEFORE TAX {58,499} {158,439}
INCOME TAX EXPENSE 14 {593} {603}
PROFIT/(LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS {59,092} {158,942}
LOSS FOR THE YEAR FROM DISCONTINUED OPERATIONS - -
PROFIT/(LOSS) FOR THE YEAR {59,092} {158,942}
PROFIT ATTRIBUTABLE TO:
OWNERS OF THE COMPANY {59,092} {158,942}
{59,092} {158,942}
PROFIT/(LOSS) FOR THE YEAR {59,092} {158,942}
OTHER COMPREHENSIVE INCOME - -
{59,092} {158,942}
TOTAL COMPREHENSIVE INCOME FOR THE YEAR {59,092} {158,942}
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:
OWNERS OF THE COMPANY {59,092} {158,942}
{59,092} {158,942}
AUSTIN LAZ AND COMPANY PLCSTATEMENT OF COMPREHENSIVE INCOME
AS AT 31ST DECEMBER 2015
3
SHARE RETAINED CAPITAL TOTAL
CAPITAL PROFIT RESERVE EQUITY
N'000 N'000 N'000 N'000
BALANCE AS AT 1/1/2014 539,930 184,118 1,224,776 1,941,261
CHANGE IN ACCOUNTING POLICIES
RESTATED BALANCES 539,930 184,118 1,224,776 1,948,824
CHANGE IN EQUITY FOR 2014
DIVIDENDS
TOTAL COMPREHENSIVE INCOME FOR 2014 {158,942} {158,942}
BALANCE AS AT 31/1/2014 539,930 25,176 1,224,776 1,789,882
CHANGES IN EQUITY FOR 2015
ISSUE OF SHARE CAPITAL
DIVIDENDS
TOTAL COMPREHENSIVE INCOME FOR 2015 {59,092} {59,092}
TRANSFER TO RETAINED EARNINGS
BALANCE AS 31 DECEMBER 2015 539,930 {33,916} 1,224,776 1,730,790
AUSTIN LAZ AND COMPANY PLCSTATEMENT OF CHANGE IN EQUITY
FOR THE YEAR ENDED 31ST DECEMBER 2015
4
2015 2014
CASH FLOWS FROM OPERATING ACTIVITIES N'000 N'000
PROFIT FOR THE YEAR {59,092} {158,942}
ADJUSTMENT FOR:
DEPRECIATION 163,439 163,439
104,347 4,497
CHANGE IN INVENTORIES {81,816} 415,680
CHANGE IN TRADE RECEIVABLES 86,269 {234,092}
CHANGE IN PAYABLES {22,535} 4,285
CHANGE IN PROVISIONS {4,010} {73,877}
{22,092} 111,996
NET CASH FROM OPERATING ACTIVITIES 82,255 116,493
CASH FLOWS FROM INVESTING ACTIVITIES:
ADJUSTMENT - -
ACQUISITION OF INTANGIBLE ASSETS - -
- -
82,255 116,493
CASH FLOWS FROM FINANCING ACTIVITIES:
LONG TERM BORROWINGS {87,665} {109,193}
NET CASH AND CASH EQUIVALENTS {5,410} 7,300
OPENING CASH AND CASH EQUIVALENTS B/F 9,650 2,350
4,240 9,650
AUSTIN LAZ AND COMPANY PLCSTATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER, 2015
5
NOTES
1 FIXED ASSETS SCHEDULE
LAND & PLANT MOTOR FURN, FIT. TOTAL
BUILDING & MACHI. VEHICES & EQUIP.
N'000 N'000 N'000 N'000 N'000
COST 929,825 1,448,430 12,000 5,468 2,395,723
DEPRECIATION AS AT 01/01/2015 {103,211} {896,893} {12,000} {5,468}{1,017,572}
CHARGE FOR THE YEAR {18,596} {144,843} - - {163,439}
DEPRECIATION AS AT 31/12/2015 {121,807}{1,041,736} {12,000} {5,468}{1,181,011}
IMPAIRMENT LOSS - - - - -
CARRYING AMOUNT 808,018 406,694 - - 1,214,712
2015 2014
2 INVENTORIES N'000 N'000
FINISHED GOODS 82,501 94,010
RAW MATERIAS 22,365 38,575
WORk-IN-PROGRESS 135,000 25,465
239,866 158,050
3 TRADE RECEIVABES
TRADE DEBTORS 242,004 295,593
OTHER DEBTORS - 32,680
242,004 328,273
4 CASH AND BANK BALANCES
CASH IN HAND 39 -
CASH AT BANK 4,201 9,650
4,240 9,650
5 SHARE CAPITAL
AUTHORIZED
1,500,000 Ordinary Shares of 50K Each. 750,000 750,000
ISSUED AND FULLY PAID
1,079,860 Ordinary Shares of 50K Each. 539,930 539,930
6 RESERVES
CAPITAL RESERVE 1,224,776 1,224,776
AUSTIN LAZ AND COMPANY PLCNOTES ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER, 2015
6
2015 2014
7 TRADE PAYABLES N'000 N'000
TRADE CREDITORS 16,235 38,770
8 SHORT TERM PROVISIONS
TAXATION 593 603
AUDIT FEE 500 500
ACCRUED SALARIES & WAGES 215 4,215
1,308 5,318
9 TURNOVER
ALUMINIUM SECTIONDIVISION 112,370 289,595
ICE PLANT SECTIONDIVISION 148,685 189,145
THERMOPLASTIC DIVISION 136,990
261,055 615,730
10 COST OF SALES
PRODUCTION COST:-
OPENING RAW MATERIALS 38,575 110,145
SEMI-FINISHED GOODS 25,465 -
ADD: PURCHASES 129,150 77,250
CARRIAGE INWARDS 300 171
193,490 187,566
LESS: CLOSING RAW MATERIALS {22,365} {38,575}
171,125 148,991
ADD FACTORY OVERHEADS:
FACTORY/MANUFACTURING EXPENSES 6,125 20,255
MACHINE MAINTENANCE - 11,274
LIGHT AND GENERATOR EXPENSES - 35,045
PRODUCTION SALARIES & WAGES 3,235 9,770
DEPRECIATION OF PLANT & MACHINERY 144,844 144,843
ADD: OPENING WORK -IN-PROGRESS 25,465 248,900
LESS: CLOSING WORK-IN-PROGRESS {135,000} {25,465}
TOTAL PRODUCTION COST 215,794 600,613
OPENING FINISHED GOODS 94,010 99,320
ADD: PURCHASES 10 110
309,814 700,043
LESS: COSING FINISHED GOODS {82,501} {94,010}
COST OF GOODS SOLD 227,313 606,033
AUSTIN LAZ AND COMPANY PLCNOTES ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER, 2015
7
2015 2014
11 DISTRIBUTION EXPENSES N'000 N'000
TRANSPORT AND TRAVELLING 1,576 2,232
CARRIAGE OUTWARD 1,564 2,185
ADVERTISEMENT AND PUBLICITY 1,908 3,515
SALARIES, WAGES/SALES COMMISSION 5,074 11,904
INSTALLATION EXPENSES 1,181 4,575
DISCOUNT ALLOWED 3,470 13,438
PUBLIC RELATIONS 52 196
ENTERTAINMENT 27 105
14,852 38,150
12 ADMINISTRATIVE EXPENSES
DIRECTORS EXPENSES 2,995 3,899
SALARIES AND WAGES 6,366 9,250
PRINTING AND STATIONERY 210 850
TELEPHONE AND POSTAGES 1,596 2,330
RENT AND RATES 2,950 3,730
MEDICAL EXPENSES 1,840 2,116
ELECTRICITY 5,834 7,167
ENTERTAINMENT AND PUBLIC RELATION 150 601
AUDIT AND ACCOUNTANCY FEE 300 300
GENERATOR RUNNIN G EXPENSES 3,855 4,982
MOTOR VEHICES MAINTENANCE 3,952 4,505
SECURITY EXPENSES 1,359 1,500
EDUCATION AND TRAINING 2,290 3,900
MISCELLANEOUS EXPENSES 2,140 2,505
ADMIN EXPENSES 146 573
MAINTENANCE OF OFFICE EQUIPMENT 2,267 2,610
DONATIONS AND CHARITY 1,358 1,402
COMPUTER/INTERNET SERVICES 3 5
SANITATION AND CLEANING EXPENSES 552 620
GOVERNMENT LEVIES AND RATES 3,230 5,200
EQUIPMENT REPAIRS AND MAINTENANCE 2,218 3,200
NEWSPAPER AND PERIODICALS 1,190 1,525
LEGAL AND PROFESSIONAL FEES 300 300
FUE, OI AND DIESEL 6,542 7,592
DEPRECIATION 18,596 18,596
FORKLIFT EXPENSES 1,425 1,668
LOCAL TRANSPORT 1,320 1,255
74,984 92,181
13 FINANCE COST N'000 N'000
Bank charges deducted by the company's bankers
for handling their financial transactions. 2,405 38,770
14 INCOME TAX EXPENSE
The amount represents income tax provision based on
the profit for the year. 593 603
AUSTIN LAZ AND COMPANY PLCNOTES ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER, 2015
8
STATEMENT OF FINANCIAL POSITION 2015 2014 2013
ASSETS =N= =N= =N=
PROPERTY, PLANT AND EQUIPMENT 1,214,712 1,378,151 1,541,590
OTHER INTANGIBLE ASSETS 167,166 167,166 167,166
TOTAL NON-CURRENT ASSETS 1,381,878 1,545,317 1,708,756
CURRENT ASSETS
INVENTORIES 239,866 158,050 573,730
TRADE RECEIVABLES 242,004 328,273 94,181
CASH AND CASH EQUIVALENTS 4,240 9,650 2,350
TOTAL CURRENT ASSETS 486,110 495,973 670,261
TOTAL ASSETS 1,867,988 2,041,290 2,379,017
EQUITY AND LIABILITIES
SHARE CAPITAL 539,930 539,930 539,930
CAPITAL RESERVES 1,224,776 1,224,776 1,224,776
RETAINED EARNINGS {33,916} 25,176 184,118
TOTAL EQUITY 1,730,790 1,789,882 1,948,824
NON CURRENT LIABILITIES
LONG TERM BORROWINGS 119,655 207,320 316,513
CURRENT LIABILITIES
TRADE PAYABLES 16,235 38,770 34,485
SHORT TERM PROVISIONS 1,308 5,318 79,195
TOTAL CURRENT LIABILITIES 17,543 44,088 113,680
TOTAL EQUITY & LIABILITIES 1,867,988 2,041,290 2,379,017
STATEMENT OF COMPREHENSIVE INCOME
TURNOVER 261,055 615,730 667,332
COST OF SALES {227,313} {606,033} {521,847}
GROSS PROFIT 33,742 9,697 145,485
PROFIT/(LOSS) BEFORE TAX {58,499} {158,439} 18,965
PROFIT/(LOSS) AFTER TAX {59,092} {158,942} 7,563
PROFIT/(LOSS) ATTRIBUTABLE TO OWNERS OF
THE COMPANY {59,092} {158,942} 7,563
AUSTIN LAZ AND COMPANY PLCTHREE-YEAR FINANCIAL SUMMARY
FOR THE YEAR ENDED 31ST DECEMBER, 2015