Financial Information

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

 

 

Period End Date Q1
31/03/2011
Q2
30/06/2011
Q3
30/09/2011
Annual
31/12/2011
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 359 305 426 411
Time Deposits 0 0 0 0
Cash & Cash Equivalents 359 305 426 411
Securities & Short-term Investments 0 0 0 0
Accounts Receivables 7,595 6,954 7,341 4,674
Provision for Doubtful Receivables -576 -638 -1,063 -2,163
Net Receivables 7,019 6,315 6,277 2,511
Other receivables 375 409 301 0
Current receivables 7,394 6,725 6,579 2,511
Other Raw Materials 87 100 284 213
Total Inventory 87 100 284 213
Net Inventory 87 100 284 213
Advance Payments to Suppliers 0 0 0 371
Due from Sister Companies/Associates 58 1 1 2
Loans to employees (under one year) 22 19 17 32
Prepaid Expenses ST 164 152 140 146
Other Current Assets 0 0 0 282
Total Current Assets 8,085 7,301 7,448 3,968
Furniture & Equipment 0 0 0 1,017
Machinery 841 1,196 1,140 2,542
Other Fixed Assets 0 0 0 12
Accumulated Depreciation 0 0 0 -2,386
Fixed Assets 841 1,196 1,140 1,185
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 238 115 38 477
Intangibles 37,780 37,657 37,581 38,020
Total Long Term Assets 38,621 38,853 38,720 39,204
Total Assets 46,705 46,154 46,168 43,172
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 2,000 2,000 2,000 2,000
Accounts Payable 2,275 2,334 1,790 1,398
Accrued Expenses 1,218 1,160 1,378 521
Down Payments 701 469 314 925
Zakat Payable 35 19 28 0
Due To Sister Companies 1,991 1,217 1,791 593
Other Current Liabilities 417 398 393 459
Total Current Liabilities 8,636 7,598 7,694 5,895
Long Term Debt 11,500 11,000 10,500 10,000
Total Long-term Liabilities 11,500 11,000 10,500 10,000
Total Liabilities 20,136 18,598 18,194 15,895
Tax Provision 49 74 99 122
Deferred Income 0 0 0 0
Provision for Employees' Termination Benefits 1,164 1,184 1,189 1,174
Other Provisions 145 145 145 145
Total Provisions 1,357 1,403 1,433 1,440
Total Liabilities & Provisons 21,493 20,000 19,627 17,336
Paid-up Capital 23,304 23,304 23,304 23,304
Legal/Statutory Reserve 140 140 140 278
General\Voluntary Reserve 140 140 140 278
Retained Earnings/ Accumulated losses 1,702 2,644 3,032 2,052
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 25,212 26,154 26,541 25,837
Total Liab. & Shareholders' Equity 46,705 46,154 46,168 43,172
 
Income Statement
Gross Revenue 3,351 7,110 10,383 13,157
Cost of Goods Sold -802 -1,532 -2,120 -2,815
Gross Margin 2,549 5,578 8,263 10,342
S.G. & A. -1,431 -2,822 -4,151 -5,625
Amortization 0 0 0 0
Depreciation Expense -82 -480 -756 -777
Other Operating Income/ Expenses -82 -46 -61 -39
Net Operating Profit 954 2,230 3,295 3,902
Interest Expense -230 -455 -674 -878
Investment Income 0 0 0 0
Total Investment Income 0 0 0 0
Provisions 0 0 0 0
Provisions for Doubtful Debts -63 -125 -550 -1,650
Net Profit Before Taxes/Zakat 662 1,650 2,071 1,374
Tax / Zakat Provision -34 -80 -114 -121
Net Profit After Taxes or Zakat 628 1,570 1,957 1,253
Unusual Items 0 0 0 0
Net Profit After Unusual Items 628 1,570 1,957 1,253
         
Earnings Per Share (units) 0.003 0.007 0.009 0.005
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income before Tax and Minority Interest 628 1,570 1,957 1,253
Depreciation & Amortization 82 480 756 777
Change In Operating Activities 71 -30 -135 551
Change in Provisions 63 125 550 1,650
Cash Flows from Operating Activities 843 2,146 3,128 4,231
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -8 -444 -466 -481
(Inc) dec in investments 0 0 0 0
Other cash inflow (outflow) -85 -280 -400 -799
Cash Flows from Investing Activities -92 -724 -866 -1,280
         
FINANCING ACTIVITIES        
Dividend Paid during the year 0 0 0 0
Increase/Decrease in Loans -730 -1,455 -2,174 -2,878
Issuances (purchases) of equity shares 0 0 0 0
Cash Flows from Financing Activities -730 -1,455 -2,174 -2,878
         
Net change cash & cash equivalents 21 -33 88 73
Cash & cash equiv at start of period 338 338 338 338
Cash & cash equiv at period end 359 305 426 411