Investor Relations

Financial Information

2018 - 2017 - 2016 - 2015 - 2014 - 2013 - 2012 - 2011 - 2010 - 2009

 

 

Period End Date Q1
31/03/2018
Q2
30/06/2018
Q3
30/09/2018
Annual
31/12/2018
Period Length 3 months 6 months 9 months 12 months
Downloadable Files AR - EN AR - EN AR - EN -
Currency KWD '000 KWD '000 KWD '000 KWD '000
 
Balance Sheet
ASSETS        
Cash & Cash Equivalents 562 875 833 -
Accounts Receivables 4,690 5,576 4,656 -
Provision for Doubtful Receivables -2,833 -2,833 -2,833 -
Net Receivables 1,857 2,743 1,823 -
Net Inventory 259 253 280 -
Advance Payments to Suppliers 190 136 253 -
Due from Sister Companies/Associates 6,580 1,187 1,449 -
Loans to employees (under one year) 27 25 21 -
Prepaid Expenses ST 175 214 183 -
Other Current Assets 297 330 274 -
Total Current Assets 9,947 5,761 5,117 -
Fixed Assets 398 370 552 -
Goodwill 37,542 37,542 37,542 -
License - - - -
Intangibles 37,542 37,542 37,542 -
Total Long Term Assets 37,940 37,913 38,095 -
Total Assets 47,887 43,674 43,212 -
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 1,500 2,100 2,300 -
Accounts Payable 936 860 1,001 -
Accrued Expenses 452 406 393 -
Down Payments 720 560 457 -
Due To Sister Companies 848 855 941 -
Dividends Payable 261 510 394 -
Other Current Liabilities 475 594 433 -
Total Current Liabilities 5,192 5,885 5,920 -
Long-term Debt - - - -
Total Long-term Liabilities - - - -
Total Liabilities 5,192 5,885 5,920 -
Tax Provision 94 60 40 -
Provision for Employees' Termination Benefits 1,706 1,741 1,702 -
Total Provisions 1,800 1,801 1,743 -
Total Liabilities & Provisons 6,992 7,686 7,663 -
Paid-up Capital 23,304 23,304 23,304 -
Legal/Statutory Reserve 2,981 2,981 2,981 -
General\Voluntary Reserve 2,981 2,981 2,981 -
Retained Earnings/ Accumulated losses 11,704 6,798 6,359 -
Treasury Stock -75 -75 -75 -
Total Shareholders' Equity 40,894 35,988 35,549 -
Total Liab. & Shareholders' Equity 47,887 43,674 43,212 -
 
Income Statement
Gross Revenue 2,670 6,234 7,832 -
Cost of Goods Sold -346 -742 -1,054 -
Gross Margin 2,324 5,492 6,778 -
S.G. & A. -1,834 -4,102 -5,628 -
Depreciation & Amortization -47 -96 -127 -
Other Operating Income/ Expenses -154 -305 -468 -
Net Operating Profit 289 989 554 -
Interest Expense -15 -33 -57 -
Provisions for Doubtful Debts - 0   -
Net Profit Before Taxes/Zakat 274 956 498 -
Tax / Zakat Provision -11 -42 -23 -
Net Profit After Taxes or Zakat 263 914 475 -
Profit/Loss the year from Discontinued operation - - - -
Net Profit After Unusual Items 263 914 475 -
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income 263 914 475 -
Depreciation & Amortization 47 96 127 -
Change In Operating Activities -610 -1,196 -1,006 -
Change in Provisions - - - -
Cash Flows from Operating Activities -300 -186 -404 -
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -14 -35 -35 -
Other cash inflow (outflow) 4 5,200 5,200 -
Cash Flows from Investing Activities -9 -5,165 -5,165 -
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -15 567 743 -
Payment of Dividend - -5,557 -5,557 -
Cash Flows from Financing Activities -15 -4,990 -4,814 -
Net change cash & cash equivalents -324 -11 -53 -
Cash & cash equiv at start of period 886 886 886 -
Cash & cash equiv at period end 562 875 833 -