Financial Information

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

 

 

Period End Date Q1
31/03/2010
Q2
30/06/2010
Q3
30/09/2010
Annual
31/12/2010
Period Length 3 months 6 months 9 months 12 months
Downloadable Files AR - EN AR - EN AR - EN AR - EN
Currency KWD '000 KWD '000 KWD '000 KWD '000
 
Balance Sheet
ASSETS        
Cash 607 15,283 360 338
Time Deposits 500 0 0 0
Cash & Cash Equivalents 1,107 15,283 360 338
Securities & Short-term Investments 0 0 0 0
Accounts Receivables 5,577 7,092 7,655 7,245
Provision for Doubtful Receivables -163 -513 -513 -513
Net Receivables 5,414 6,578 7,141 6,732
Other receivables 262 398 259 273
Current receivables 5,676 6,977 7,401 7,005
Other Raw Materials 200 227 234 374
Total Inventory 200 227 234 374
Net Inventory 200 227 234 374
Advance Payments to Suppliers 67 89 114 0
Due from Sister Companies/Associates 19 8 9 8
Loans to employees (under one year) 56 44 15 31
Prepaid Expenses ST 7 10 501 310
Other Current Assets 0 0 0 0
Total Current Assets 7,132 22,639 8,634 8,066
Furniture & Equipment 647 648 0 982
Machinery 2,018 2,018 977 2,029
Other Fixed Assets 331 334 0 12
Accumulated Depreciation -1,864 -1,946 0 -2,109
Fixed Assets 1,131 1,054 977 915
Investments in subsidiaries 0 0 0 0
Total Long term Investments 0 0 0 0
Goodwill 37,542 37,542 37,542 37,542
License 753 1,000 0 153
Intangibles 38,295 38,543 37,542 37,695
Total Long Term Assets 39,426 39,596 38,520 38,610
Total Assets 46,558 62,235 47,154 46,676
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 0 2,000 2,000 2,000
Accounts Payable 1,843 1,782 2,121 1,897
Accrued Expenses 437 1,071 327 884
Down Payments 810 189 161 997
Zakat Payable 182 195 201 27
Due To Sister Companies 12,696 12,684 2,934 2,598
Other Current Liabilities 734 592 397 425
Total Current Liabilities 16,702 18,513 8,141 8,829
Long Term Debt 0 13,000 12,500 12,000
Total Long-term Liabilities 0 13,000 12,500 12,000
Total Liabilities 16,702 31,513 20,641 20,829
Tax Provision 4 13 19 23
Deferred Income 19,920 4,868 0 0
Provision for Employees' Termination Benefits 1,161 1,079 1,084 1,096
Other Provisions 145 145 145 145
Total Provisions 21,229 6,105 1,248 1,263
Total Liabilities & Provisons 37,931 37,618 21,889 22,092
Paid-up Capital 8,304 23,304 23,304 23,304
Legal/Statutory Reserve 0 0 0 140
General\Voluntary Reserve 0 0 0 140
Retained Earnings/ Accumulated losses 398 1,388 2,036 1,074
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 8,627 24,617 25,265 24,584
Total Liab. & Shareholders' Equity 46,558 62,235 47,154 46,676
 
Income Statement
Gross Revenue 3,392 7,716 11,568 14,584
Cost of Goods Sold -737 -1,541 -2,193 -3,022
Gross Margin 2,655 6,175 9,376 11,561
S.G. & A. -1,052 -2,070 -3,026 -5,243
Amortization -81 -748 0 0
Depreciation Expense 0 0 -2,048 -2,165
Other Operating Income/ Expenses -55 -357 -352 -639
Net Operating Profit 1,467 3,000 3,913 3,515
Interest Expense -195 -366 -619 -904
Investment Income 0 0 0 0
Total Investment Income 0 0 0 0
Provisions 0 0 0 0
Provisions for Doubtful Debts 0 -350 -350 -350
Net Profit Before Taxes/Zakat 1,271 2,284 2,944 2,261
Tax / Zakat Provision -17 -39 -52 -49
Net Profit After Taxes or Zakat 1,254 2,245 2,893 2,212
Unusual Items 0 0 0 0
Net Profit After Unusual Items 1,254 2,245 2,893 2,212
         
Earnings Per Share (units) 0.015 0.026 0.022 0.014
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income before Tax and Minority Interest 1,254 2,245 2,893 2,212
Depreciation & Amortization 81 748 2,084 2,165
Change In Operating Activities -590 -2,362 -13,389 -11,854
Change in Provisions 0 350 350 350
Cash Flows from Operating Activities 745 981 -8,062 -7,127
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -24 -29 -34 -53
(Inc) dec in investments 0 0 0 0
Other cash inflow (outflow) -617 -1,450 -1,704 -1,857
Cash Flows from Investing Activities -641 -1,479 -1,738 -1,910
         
FINANCING ACTIVITIES        
Dividend Paid during the year 0 0 0 0
Increase/Decrease in Loans -302 -525 -6,146 -6,931
Issuances (purchases) of equity shares 0 15,000 15,000 15,000
Cash Flows from Financing Activities -302 14,475 8,854 8,069
         
Net change cash & cash equivalents -199 13,977 -946 -968
Cash & cash equiv at start of period 1,306 1,306 1,306 1,306
Cash & cash equiv at period end 1,107 15,283 360 338