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Cafca
On this page
Company details
- Legal name
- CAFCA Limited
- Listing
- CAFCA.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011942 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 September
Overview
Year ended 30 September 2023 · published summary of audited statements, final status not established · source
Read with these figures
- Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 30 Sep 2023 figures come from it.
Full wording and sources
Published summary of audited statements for 2023: final status not established
Abridged results published by CAFCA Limited by order of the Board (C Kangara, Company Secretary, 09 November 2023, p2). The publication reprints Grant Thornton's independent auditor's report on the full financial statements (pp3-7): unmodified, signed by hand 'Grant Thornton' over Edmore Chimhowa's name, dated 16 November 2023 (page image p7). No auditor's report on the abridged results themselves is printed.
Source: Notice to Shareholders — Abridged Audited Financial Results for the Year Ended 30 September 2023 (CAFCA) (dated 2023-11-09)
2023, 2022: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged financial statements derived from the audited inflation adjusted financial statements of CAFCA Limited for the financial year ended 30 September 2023' (note 5, p2). No auditor's report on the summary is printed. Note 5 'Auditor's Statement' (p2): 'These abridged financial statements derived from the audited inflation adjusted financial statements of CAFCA Limited for the financial year ended 30 September 2023, should be read together with the complete set of audited inflation adjusted financial statements ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. An unmodified opinion has been issued on the audited inflation adjusted financial statements, for the year then ended.' The auditor's report on the full statements is reprinted (pp3-7): 'In our opinion, the financial statements present fairly, in all material respects, the financial position of CAFCA Limited as at 30 September 2023, and its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs).' (p3); key audit matter: IFRS 9 expected credit loss allowance (p4); signed Grant Thornton, Edmore Chimhowa, 16 November 2023 (p7). Statement of comprehensive income, statement of financial position, statement of cash flows and statements of changes in equity, each in inflation-adjusted and historical-cost columns (p1); selected notes (functional currency, going concern, inflation adjustment, auditor's statement, related parties, segment information, capital expenditure), commentary and dividend declaration (p2). Condensed lines; full notes omitted.
Source: Notice to Shareholders — Abridged Audited Financial Results for the Year Ended 30 September 2023 (CAFCA) (dated 2023-11-09)
-
Revenue
ZWL 164 billion
164,001,734,704 ZWL units · p1
+118.5% vs 2022
-
Operating profit / (loss)
ZWL 63.4 billion
63,425,490,831 ZWL units · p1
+173.1% vs 2022
-
Profit / (loss) for the year
ZWL 51.3 billion
51,346,476,847 ZWL units · p1
+557.7% vs 2022
-
Total assets
ZWL 99.6 billion
99,569,735,581 ZWL units · p1
+118.9% vs 2022
-
Total equity
ZWL 65.6 billion
65,593,723,219 ZWL units · p1
+131.4% vs 2022
-
Cash from operations
ZWL 1.21 billion
1,212,969,880 ZWL units · p1
+135.5% vs 2022
Large amounts are rounded for reading (ZWL million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZWL units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 30 Sep 2023 — published summary of audited statements (summary), final status not established; reported for the year · source
- FY to 30 Sep 2022 — published summary of audited statements (summary), final status not established; comparative in the FY to 30 Sep 2023 filing · source
- 2023, 2022: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged financial statements derived from the audited inflation adjusted financial statements of CAFCA Limited for the financial year ended 30 September 2023' (note 5, p2). No auditor's report on the summary is printed. Note 5 'Auditor's Statement' (p2): 'These abridged financial statements derived from the audited inflation adjusted financial statements of CAFCA Limited for the financial year ended 30 September 2023, should be read together with the complete set of audited inflation adjusted financial statements ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. An unmodified opinion has been issued on the audited inflation adjusted financial statements, for the year then ended.' The auditor's report on the full statements is reprinted (pp3-7): 'In our opinion, the financial statements present fairly, in all material respects, the financial position of CAFCA Limited as at 30 September 2023, and its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs).' (p3); key audit matter: IFRS 9 expected credit loss allowance (p4); signed Grant Thornton, Edmore Chimhowa, 16 November 2023 (p7). Statement of comprehensive income, statement of financial position, statement of cash flows and statements of changes in equity, each in inflation-adjusted and historical-cost columns (p1); selected notes (functional currency, going concern, inflation adjustment, auditor's statement, related parties, segment information, capital expenditure), commentary and dividend declaration (p2). Condensed lines; full notes omitted.
Income statement
| Line (as printed) | FY to 30 Sep 2023Published summary of audited statements (summary)reported for the year | FY to 30 Sep 2022Published summary of audited statements (summary)comparative in FY to 30 Sep 2023 filingsource limitations |
|---|---|---|
| Revenue | 164,001,734,704 | 75,044,843,245 |
| Operating profit | 63,425,490,831 | 23,226,659,070 |
| Finance income | 35,657 | 572,078 |
| Finance cost | (2,948,564,827) | (3,524,599,992) |
| Monetary gain/(loss)1 | 2,881,975,510 | (6,156,709,604) |
| Profit before income tax | 63,358,937,171 | 13,545,921,552 |
| Income tax expense | (12,012,460,324) | (5,738,532,098) |
| Profit for the year | 51,346,476,847 | 7,807,389,454 |
| Other comprehensive income for the year | –2 | –2 |
| Total comprehensive income for the year | 51,346,476,847 | 7,807,389,454 |
- Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (1)
- “Monetary gain/(loss)” is an issuer-specific line, not mapped to a shared definition: IAS 29 gain or loss on the net monetary position.
Balance sheet
| Line (as printed) | FY to 30 Sep 2023Published summary of audited statements (summary)reported for the year | FY to 30 Sep 2022Published summary of audited statements (summary)comparative in FY to 30 Sep 2023 filingsource limitations |
|---|---|---|
| Property, plant and equipment | 3,039,071,724 | 1,843,363,765 |
| Deferred income tax asset | –1 | –1 |
| Non-current assets | 3,039,071,724 | 1,843,363,765 |
| Inventories | 69,339,605,120 | 34,081,763,765 |
| Trade and other receivables | 23,630,334,089 | 7,530,180,997 |
| Cash and cash equivalents | 2,689,649,900 | 2,028,746,127 |
| Income tax asset | 871,074,748 | –2 |
| Current assets | 96,530,663,857 | 43,640,690,889 |
| Total assets | 99,569,735,581 | 45,484,054,654 |
| Share capital | 231,057 | 231,050 |
| Share premium | 705,337,921 | 620,883,526 |
| Share option reserve3 | 1,295,636,675 | 883,663,977 |
| Retained earnings | 63,592,517,566 | 26,838,596,888 |
| Total equity | 65,593,723,219 | 28,343,375,441 |
| Deferred income tax liabilities | 6,942,730,592 | 3,719,661,144 |
| Bank overdrafts | 3,926,560,620 | 3,048,460,751 |
| Trade and other payables | 4,889,629,173 | 1,664,707,563 |
| Provisions for other liabilities and charges | 3,624,535,808 | 1,904,716,271 |
| Current income tax liability | –4 | 1,249,874,129 |
| Borrowings | –4 | 2,835,664,831 |
| Dividend payable | 14,592,556,169 | 2,717,594,524 |
| Current liabilities | 27,033,281,770 | 13,421,018,069 |
| Total liabilities | 33,926,012,362 | 17,140,679,213 |
| Total equity and liabilities | 99,569,735,581 | 45,484,054,654 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (1)
- “Share option reserve” is an issuer-specific line, not mapped to a shared definition: Share option reserve.
Cash flow
| Line (as printed) | FY to 30 Sep 2023Published summary of audited statements (summary)reported for the year | FY to 30 Sep 2022Published summary of audited statements (summary)comparative in FY to 30 Sep 2023 filingsource limitations |
|---|---|---|
| Profit before income tax1 | 63,358,937,171 | 13,545,921,552 |
| Depreciation2 | 455,709,525 | 267,147,801 |
| Net (gain)/loss on net monetary assets3 | (2,881,975,510) | 6,156,709,604 |
| Profit from disposal of property, plant and equipment4 | (250,085,756) | (28,304,377) |
| Non-cash employee benefit expense - share based payment5 | 462,926,742 | 120,413,386 |
| Finance cost6 | 2,948,564,827 | 3,524,599,992 |
| Finance income7 | (35,657) | (572,078) |
| Increase in inventories8 | (35,257,841,355) | (13,903,995,711) |
| Increase in trade and other receivables9 | (16,100,153,092) | (2,491,933,955) |
| Increase in trade and other payables10 | 3,224,921,610 | 8,977,946 |
| Increase in provision for other liabilities11 | 1,719,819,537 | 974,507,709 |
| Net cash generated from operations | 17,680,788,042 | 8,173,471,869 |
| Finance cost12 | (2,948,564,827) | (3,524,599,992) |
| Finance income | 35,657 | 572,078 |
| Income taxes paid | (13,519,288,992) | (4,134,360,668) |
| Net cash generated/(utilised in) from operating activities | 1,212,969,880 | 515,083,286 |
| Acquisition of property, plant and equipment | (1,161,379,255) | (260,159,280) |
| Proceeds from sale of motor vehicles | 250,085,756 | 28,304,377 |
| Net cash utilised in investing activities | (911,293,499) | (231,854,903) |
| Repayments of borrowings | (806,111,561) | –13 |
| Proceeds from borrowings | –13 | 2,378,362,842 |
| Proceeds from issuance of shares - share options14 | 33,500,358 | 118,911,602 |
| Dividend paid | (2,717,594,524) | –13 |
| Net cash (utilised in)/generated from financing activities | (3,490,205,727) | 2,497,274,444 |
| (Decrease)/ncrease in cash and cash equivalents | (3,188,529,346) | 2,780,502,827 |
| Cash and cash equivalents at the beginning of the year | (1,019,714,624) | 3,178,662,254 |
| Effects of inflation on cash and cash equivalents15 | 2,971,333,250 | (6,978,879,705) |
| Cash and cash equivalents at the end of the year | (1,236,910,720) | (1,019,714,624) |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (14)
- “Profit before income tax” is an issuer-specific line, not mapped to a shared definition: Opening line of the cash-flow statement.
- “Depreciation” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Net (gain)/loss on net monetary assets” is an issuer-specific line, not mapped to a shared definition: IAS 29 adjustment.
- “Profit from disposal of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Non-cash employee benefit expense - share based payment” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Finance cost” is an issuer-specific line, not mapped to a shared definition: Adjustment within cash generated from operations.
- “Finance income” is an issuer-specific line, not mapped to a shared definition: Adjustment within cash generated from operations.
- “Increase in inventories” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Increase in trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Increase in trade and other payables” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Increase in provision for other liabilities” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Finance cost”: mapping to a shared definition is uncertain. Printed 'Finance cost' after the cash generated from operations (second printing of the label on the statement): finance cost paid.
- “Proceeds from issuance of shares - share options” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Effects of inflation on cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: IAS 29 effect on cash and cash equivalents.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Sep 2023 | Dividends paid (cash flow statement) | Dividend paid |
(2,717,594,524) | ZWL units | Summary statements, p1 |
| 30 Sep 2022 | Dividends paid (cash flow statement) | Dividend paid |
0printed “–”, read as nil | ZWL units | Summary statements, p1 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Notice to Shareholders — Abridged Audited Financial Results for the Year Ended 30 September 2023 (CAFCA)
Year ended 30 September 2023 · Published summary of audited statements (summary) · final status not established
Audit: Grant Thornton Chartered Accountants (Zimbabwe) (Edmore Chimhowa) (named); no auditor's opinion on the full statements in this document
Final status: Abridged results published by CAFCA Limited by order of the Board (C Kangara, Company Secretary, 09 November 2023, p2). The publication reprints Grant Thornton's independent auditor's report on the full financial statements (pp3-7): unmodified, signed by hand 'Grant Thornton' over Edmore Chimhowa's name, dated 16 November 2023 (page image p7). No auditor's report on the abridged results themselves is printed.
- Document date
- 9 Nov 2023
- Auditor's report
- date not recorded
- Board approval
- date not recorded
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Sep 2023, FY to 30 Sep 2022
- Basis
- company statements · ZWL units (printed “ZWL (inflation adjusted)”)
- Inflation-adjusted total liabilities at 30 September 2023 are printed 33 926 012 362, 50 000 000 less than the printed deferred income tax liabilities (6 942 730 592) plus the printed current-liabilities subtotal (27 033 281 770) = 33 976 012 362; total equity and liabilities (99 569 735 581) equals total assets and total equity plus 33 976 012 362. Checked on the page image (p1); kept as printed (validation fails bs.total_liabilities and bs.total_equity_and_liabilities for 2023).
- Hyperinflation (IAS 29) restatement using CPI to January 2023 and TCPL-based estimates thereafter (note 4, p2); closing rate USD 1: ZWL 5 466.7466 (p2). Cash and cash equivalents in the cash-flow statement are net of bank overdrafts (2 689 649 900 - 3 926 560 620 = (1 236 910 720)). EPS printed in ZWL cents. Finance cost and finance income are added back within cash generated from operations and then shown paid/received below it.
- The cash-flow statement adds 'Effects of inflation on cash and cash equivalents' (2 971 333 250; 2022: (6 978 879 705)) between opening and closing cash; it is recorded as an issuer concept, so the validation fails cf.closing_cash (both years) by exactly that line. The operating profit check is not assessable because the summary prints no operating expense lines.
- Stale period: the document holds FY2023 results (year ended 30 September 2023) although the queue listed it as FY2025; the issuer's later results are not in this document.
- No auditor's report on the summary is printed. Note 5 'Auditor's Statement' (p2): 'These abridged financial statements derived from the audited inflation adjusted financial statements of CAFCA Limited for the financial year ended 30 September 2023, should be read together with the complete set of audited inflation adjusted financial statements ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. An unmodified opinion has been issued on the audited inflation adjusted financial statements, for the year then ended.' The auditor's report on the full statements is reprinted (pp3-7): 'In our opinion, the financial statements present fairly, in all material respects, the financial position of CAFCA Limited as at 30 September 2023, and its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs).' (p3); key audit matter: IFRS 9 expected credit loss allowance (p4); signed Grant Thornton, Edmore Chimhowa, 16 November 2023 (p7).
- Statement of comprehensive income, statement of financial position, statement of cash flows and statements of changes in equity, each in inflation-adjusted and historical-cost columns (p1); selected notes (functional currency, going concern, inflation adjustment, auditor's statement, related parties, segment information, capital expenditure), commentary and dividend declaration (p2). Condensed lines; full notes omitted.
Technical details
- File
- 7 pages, scanned (figures read by OCR and checked against the page image)
- SHA-256
f02fc0597761480767c3a78700db9ef2d7549f3e48df81d2eb2fa23d2630dc8f- Entity as printed
- CAFCA Limited
- Exchange copy
- retrieved 2026-10-08T20:47:10Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.