FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009
FAN MILK LIMITED Year ended December 31, 2009
Contents Corporate information
Pages 1
Report of the directors
2-3
Corporate governance
4-5
Report of the independent auditor
6-7
Financial statements:
i.
Statement of comprehensive income
8
ii.
Statement of financial position
9
iii.
Statement of changes in equity
10
iv.
Statement of cash flows
11
v.
Notes
12 - 30
0
FAN MILK LIMITED Year ended December 31, 2009
CORPORATE INFORMATION Directors Charles Mensa (Dr.) Jesper Bjorn Jeppesen Kodjo Biamawu Aziagbe Einar Mark Christensen Jens Jorgen Kollerup George H. Okai Thompson Peace Ayisi-Okyere Lennap & Co. P.O. Box 37 Accra PricewaterhouseCoopers Chartered Accountants No. 12 Airport City Una Home, 3rd Floor PMB CT 42 Cantonments Accra No.1 Dadeban Road North Industrial Area P.O. Box 6460 Accra-North Quist, Brown, Wontumi & Associates P.O. Box 7566 Accra National Trust Holding Company Limited Martco House P.O. Box 9563 Airport, Accra Barclays Bank of Ghana Limited Ecobank Ghana Limited SG-SSB Bank Limited Prudential Bank Limited Agricultural Development Bank Limited Ghana Commercial Bank Limited Standard Chartered Bank Ghana Limited (Chairman) (Managing Director)
Secretary
Auditor
Registered Office
Solicitor
Registrar & Transfer Office
Bankers
1
FAN MILK LIMITED Year ended December 31, 2009
REPORT OF THE DIRECTORS The directors submit their report together with the audited financial statements of Fan Milk Limited for the year ended December 31, 2009. Statement of directors’ responsibilities The directors are responsible for the preparation of financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss and cash flows for that period. In preparing these financial statements, the directors have selected