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Dairibord
On this page
Company details
- Legal name
- Dairibord Holdings Limited
- Listing
- DZL.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011975 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2023 · published summary of audited statements, signed / final · source
Read with these figures
- Summary financial statements. FY2023 figures come from a published summary of the audited statements, not the full statements.
Full wording and sources
2023, 2022: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged consolidated financial statements of Dairibord Holdings Limited ... are derived from the audited consolidated inflation adjusted financial statements of Dairibord Holdings Limited for the year ended 31 December 2023.' (auditor's report, p5); 'The audited inflation adjusted financial results should be read in conjunction with the complete set of financial statements for the year ended 31 December 2023 which have been audited by Deloitte & Touche.' (p1) Independent auditor's report on the abridged financial statements (pp5-6): 'In our opinion, the abridged consolidated inflation adjusted financial statements are consistent, in all material respects, with the audited consolidated inflation adjusted financial statements of Dairibord Holdings Limited, in accordance with the requirements of the Zimbabwe Stock Exchange Listing Requirements for abridged financial statements and the requirements of the Companies and Other Business Entities Act (Chapter 24:31).' (p5); ISA 810 (Revised) (p6); signed Deloitte & Touche, per Charity Mtwazi, 27 March 2024 (p6). It states: 'We expressed an unmodified audit opinion on the audited consolidated inflation adjusted financial statements in our report dated 27 March 2024. That report also includes a key audit matter on the valuation of investment property and owner-occupied property, plant and equipment.' (p5). 'The historical cost results are included as supplementary information. The auditors have not expressed an opinion on the historical results.' (pp1-2) Group: abridged consolidated statements of comprehensive income (full line list incl. OCI, attribution, EPS and weighted shares) and financial position (full line list, unlabelled subtotals for non-current and current assets and liabilities) (p1); statement of changes in equity and abridged cash flows (indirect method, full line list) (p2); basis of preparation, IAS 29 indices, segment information and selected notes (pp2-4); auditor's report on the abridged statements (pp5-6). Each statement has audited inflation-adjusted and unaudited historical-cost columns.
Source: Dairibord Holdings Limited Abridged Audited Financial Statements for the year ended 31 December 2023 (dated 2024-03-27)
-
Revenue
ZWL 724 billion
724,118,409 ZWL thousands · p1
+47.5% vs 2022
-
Operating profit / (loss)
ZWL 69.3 billion
69,306,266 ZWL thousands · p1
+48.3% vs 2022
-
Profit / (loss) for the year
ZWL 6.90 billion
6,897,112 ZWL thousands · p1
−49.3% vs 2022
-
Total assets
ZWL 336 billion
335,608,715 ZWL thousands · p1
+20.5% vs 2022
-
Total equity
ZWL 180 billion
179,613,744 ZWL thousands · p1
+25.5% vs 2022
-
Cash from operations
ZWL 11.8 billion
11,771,722 ZWL thousands · p2
−24.3% 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 thousands 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
- FY2023 — published summary of audited statements (summary), signed / final; reported for the year · source
- FY2022 — published summary of audited statements (summary), signed / final; comparative in the FY2023 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. 'The abridged consolidated financial statements of Dairibord Holdings Limited ... are derived from the audited consolidated inflation adjusted financial statements of Dairibord Holdings Limited for the year ended 31 December 2023.' (auditor's report, p5); 'The audited inflation adjusted financial results should be read in conjunction with the complete set of financial statements for the year ended 31 December 2023 which have been audited by Deloitte & Touche.' (p1) Independent auditor's report on the abridged financial statements (pp5-6): 'In our opinion, the abridged consolidated inflation adjusted financial statements are consistent, in all material respects, with the audited consolidated inflation adjusted financial statements of Dairibord Holdings Limited, in accordance with the requirements of the Zimbabwe Stock Exchange Listing Requirements for abridged financial statements and the requirements of the Companies and Other Business Entities Act (Chapter 24:31).' (p5); ISA 810 (Revised) (p6); signed Deloitte & Touche, per Charity Mtwazi, 27 March 2024 (p6). It states: 'We expressed an unmodified audit opinion on the audited consolidated inflation adjusted financial statements in our report dated 27 March 2024. That report also includes a key audit matter on the valuation of investment property and owner-occupied property, plant and equipment.' (p5). 'The historical cost results are included as supplementary information. The auditors have not expressed an opinion on the historical results.' (pp1-2) Group: abridged consolidated statements of comprehensive income (full line list incl. OCI, attribution, EPS and weighted shares) and financial position (full line list, unlabelled subtotals for non-current and current assets and liabilities) (p1); statement of changes in equity and abridged cash flows (indirect method, full line list) (p2); basis of preparation, IAS 29 indices, segment information and selected notes (pp2-4); auditor's report on the abridged statements (pp5-6). Each statement has audited inflation-adjusted and unaudited historical-cost columns.
Income statement
| Line (as printed) | FY2023Published summary of audited statements (summary)reported for the year | FY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations |
|---|---|---|
| Revenue from contracts with customers1 | 723,228,137 | 490,363,380 |
| Investment property rental income2 | 890,272 | 588,294 |
| Revenue | 724,118,409 | 490,951,674 |
| Cost of sales | (560,267,086) | (396,278,325) |
| Gross Profit | 163,851,323 | 94,673,349 |
| Other operating income | 3,831,065 | 4,450,843 |
| Selling and distribution expenses | (72,561,899) | (48,937,765) |
| Administration expenses | (46,889,375) | (39,105,306) |
| Other operating expense | (37,661,778) | (3,179,704) |
| Allowance for expected credit losses | (821,099) | (98,689) |
| Monetary gain3 | 59,558,029 | 38,919,659 |
| Operating profit | 69,306,266 | 46,722,387 |
| Finance costs | (69,127,756) | (13,310,927) |
| Finance income | 117,654 | 174,101 |
| Profit before tax | 296,164 | 33,585,561 |
| Income tax | 6,600,948 | (19,994,440) |
| Profit for the year | 6,897,112 | 13,591,121 |
| Revaluation of Land and Buildings4 | 33,591,956 | 44,508,169 |
| Deferred tax5 | (3,179,445) | (5,292,822) |
| Total other comprehensive income for the year | 30,412,511 | 39,215,347 |
| Total comprehensive income for the year | 37,309,623 | 52,806,468 |
| Owners of the parent6 | 37,309,623 | 52,806,468 |
Notes and alternative reported figures (6)
- “Revenue from contracts with customers” is an issuer-specific line, not mapped to a shared definition: Component of revenue.
- “Investment property rental income” is an issuer-specific line, not mapped to a shared definition: Component of revenue.
- “Monetary gain” is an issuer-specific line, not mapped to a shared definition: IAS 29 net monetary gain, within operating profit.
- “Revaluation of Land and Buildings” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified to profit or loss.
- “Deferred tax” is an issuer-specific line, not mapped to a shared definition: Tax on the revaluation in OCI.
- “Owners of the parent” is an issuer-specific line, not mapped to a shared definition: Attribution of total comprehensive income.
Balance sheet
| Line (as printed) | FY2023Published summary of audited statements (summary)reported for the year | FY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations |
|---|---|---|
| Property, plant and equipment | 167,362,380 | 142,955,866 |
| Investment property | 7,860,000 | 6,003,534 |
| Right of use asset | –1 | 1,727,353 |
| Intangible assets | 77,909 | 100,204 |
| Deferred tax asset | 38,055 | –1 |
| Non-current assets (unlabelled subtotal) | 175,338,344 | 150,786,957 |
| Inventories | 72,456,867 | 67,119,632 |
| Prepayments2 | 28,810,212 | 5,378,471 |
| Trade and other receivables | 46,105,249 | 41,042,421 |
| Current Tax asset | 1,806,031 | –3 |
| Cash and cash equivalents | 11,092,012 | 14,193,532 |
| Current assets (unlabelled subtotal) | 160,270,371 | 127,734,056 |
| Total assets | 335,608,715 | 278,521,013 |
| Share capital | 50,836 | 50,836 |
| Share premium | 1,959,114 | 1,959,114 |
| Revaluation reserve | 87,665,325 | 57,252,814 |
| Retained earnings | 89,938,469 | 83,889,415 |
| Total equity attributable to ordinary shareholders | 179,613,744 | 143,152,179 |
| Interest - bearing borrowings | 11,354,740 | 8,536,221 |
| Lease liability | –4 | 1,303,890 |
| Deferred tax liability | 17,344,109 | 22,181,824 |
| Non-current liabilities (unlabelled subtotal) | 28,698,849 | 32,021,935 |
| Trade and other payables | 98,744,179 | 84,639,300 |
| Contract liabilities | 2,729,186 | 1,920,444 |
| Interest - bearing borrowings | 24,853,586 | 14,760,196 |
| Lease liability | –5 | 386,515 |
| Bank overdraft | 956,644 | –5 |
| Dividend payable | 12,527 | 25,451 |
| Income tax payable | –5 | 1,614,993 |
| Current liabilities (unlabelled subtotal) | 127,296,122 | 103,346,899 |
| Total liabilities | 155,994,971 | 135,368,834 |
| Total equity and liabilities | 335,608,715 | 278,521,013 |
- 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.non_current_liabilities.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (1)
- “Prepayments” is an issuer-specific line, not mapped to a shared definition: Current asset line.
Cash flow
| Line (as printed) | FY2023Published summary of audited statements (summary)reported for the year | FY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations |
|---|---|---|
| Cash generated from operations (unlabelled subtotal after working capital changes) | 16,120,105 | 20,146,959 |
| Income tax paid | (4,348,383) | (4,602,117) |
| Net cash flow generated from operating activities | 11,771,722 | 15,544,842 |
| Purchase of plant and equipment | (6,451,822) | (14,031,979) |
| Purchase of intangible assets | –1 | (5,535) |
| Proceeds from sale of property, plant and equipment | 4,612,951 | 607,852 |
| Proceeds from sale of investment property2 | 1,392,598 | –1 |
| Finance income on effective interest rate method3 | 117,654 | 174,101 |
| Prepayments for plant and equipment4 | (2,253,425) | (790,674) |
| Net cash flows used in investing activities | (2,582,044) | (14,046,235) |
| Lease liability principal repaid | (370,810) | (1,193,101) |
| Finance costs5 | (67,172,301) | (13,310,927) |
| Dividend paid | (848,059) | (92) |
| Repayments of borrowings | (32,523,714) | (14,360,065) |
| Proceeds from borrowings | 44,640,086 | 27,416,233 |
| Net cash flow used in financing activities | (56,274,798) | (1,447,952) |
| Net (decrease)/increase in cash and cash Equivalents | (47,085,120) | 50,655 |
| Effects of exchange rate changes on cash and cash equivalents | 43,026,956 | 11,290,745 |
| Cash and cash equivalents at 1 January | 14,193,532 | 2,852,131 |
| Cash and cash equivalents at 31 December | 10,135,368 | 14,193,531 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (4)
- “Proceeds from sale of investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Finance income on effective interest rate method”: mapping to a shared definition is uncertain. Printed 'Finance income on effective interest rate method' in investing activities.
- “Prepayments for plant and equipment” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Finance costs” is an issuer-specific line, not mapped to a shared definition: Finance costs paid, presented in financing activities.
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 |
|---|---|---|---|---|---|
| 31 Dec 2023 | Dividends paid (cash flow statement) | Dividend paid |
(848,059) | ZWL thousands | Summary statements, p2 |
| 31 Dec 2022 | Dividends paid (cash flow statement) | Dividend paid |
(92) | ZWL thousands | Summary statements, p2 |
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.
-
Dairibord Holdings Limited Abridged Audited Financial Statements for the year ended 31 December 2023
Year ended 31 December 2023 · Published summary of audited statements (summary) · signed / final
Audit: Deloitte & Touche, Chartered Accountants (Zimbabwe), unmodified opinion · signed
Auditor's sign-off: Deloitte & Touche (hand signature), per Charity Mtwazi, Partner (PAAB 0585)
Final status: An independent auditor's report on the abridged financial statements (ISA 810 (Revised)) is printed (PDF pp5-6): unmodified ('consistent, in all material respects, with the audited consolidated inflation adjusted financial statements'), signed by hand 'Deloitte & Touche' over the typeset block 'DELOITTE & TOUCHE, CHARTERED ACCOUNTANTS (ZIMBABWE), PER: CHARITY MTWAZI, PARTNER, PAAB PRACTICE CERTIFICATE NUMBER: 0585' and dated 27 March 2024 (PDF p6, page image). The chairman's statement is signed by J Sachikonye, 26 March 2024 (p1, page image).
- Document date
- 27 Mar 2024
- Auditor's report
- 27 Mar 2024
- Board approval
- date not found in this document
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2023, FY2022
- Basis
- consolidated statements · ZWL thousands (printed “ZWL$'000”)
- Cash at 31 December 2022 is printed 14,193,531 as the 2022 closing cash in the cash-flow statement (and in 'Cash and cash balances' under it), but 14,193,532 in the statement of financial position (p1) and as 2023 opening cash (p2): a one-thousand difference (rounding). Kept as printed (checked on the page images); the 2022 closing-cash and opening/prior-closing continuity checks fail by 1.
- Inflation-adjusted (IAS 29) figures in ZWL$ measured at 31 December 2023; the 2022 comparatives are restated to the same measuring unit (basis of preparation, p2).
- The cash-flow statement opens with 'Operating profit before tax 296,164' (p2), which is profit before tax in the income statement (p1). Cash and cash equivalents at 31 December 10,135,368 are cash and cash balances 11,092,012 less bank overdraft (956,644) ('Comprising of', p2).
- Independent auditor's report on the abridged financial statements (pp5-6): 'In our opinion, the abridged consolidated inflation adjusted financial statements are consistent, in all material respects, with the audited consolidated inflation adjusted financial statements of Dairibord Holdings Limited, in accordance with the requirements of the Zimbabwe Stock Exchange Listing Requirements for abridged financial statements and the requirements of the Companies and Other Business Entities Act (Chapter 24:31).' (p5); ISA 810 (Revised) (p6); signed Deloitte & Touche, per Charity Mtwazi, 27 March 2024 (p6). It states: 'We expressed an unmodified audit opinion on the audited consolidated inflation adjusted financial statements in our report dated 27 March 2024. That report also includes a key audit matter on the valuation of investment property and owner-occupied property, plant and equipment.' (p5). 'The historical cost results are included as supplementary information. The auditors have not expressed an opinion on the historical results.' (pp1-2)
- Group: abridged consolidated statements of comprehensive income (full line list incl. OCI, attribution, EPS and weighted shares) and financial position (full line list, unlabelled subtotals for non-current and current assets and liabilities) (p1); statement of changes in equity and abridged cash flows (indirect method, full line list) (p2); basis of preparation, IAS 29 indices, segment information and selected notes (pp2-4); auditor's report on the abridged statements (pp5-6). Each statement has audited inflation-adjusted and unaudited historical-cost columns.
Technical details
- File
- 6 pages, with a text layer
- SHA-256
38c035e31ba32081492996d02bfe7a5e3765b838e9521ff1e5bd756a17f5f607- Entity as printed
- DAIRIBORD HOLDINGS LIMITED
- Exchange copy
- retrieved 2026-10-08T20:45:58Z
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 (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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