Investor Relations
2014
2016 - 2015 - 2014 - 2013 - 2012 - 2011 - 2010 - 2009
| Period End Date |
Q1
31/03/2014 |
Q2
30/06/2014 |
Q3
30/09/2014 |
Annual
31/12/2014 |
| 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 & Cash Equivalents |
2,731 |
2,760 |
3,700 |
5,295 |
| Accounts Receivables |
5,956 |
6,535 |
6,812 |
5,522 |
| Provision for Doubtful Receivables |
-3,033 |
-2,970 |
-2,909 |
-2,904 |
| Net Receivables |
2,923 |
3,566 |
3,904 |
2,619 |
| Net Inventory |
301 |
322 |
463 |
286 |
| Advance Payments to Suppliers |
128 |
58 |
156 |
- |
| Due from Sister Companies/Associates |
1,456 |
2,387 |
1,515 |
2,335 |
| Loans to employees (under one year) |
17 |
49 |
49 |
64 |
| Prepaid Expenses ST |
164 |
282 |
147 |
106 |
| Other Current Assets |
323 |
495 |
346 |
327 |
| Total Current Assets |
8,042 |
9,920 |
10,280 |
11,031 |
| Fixed Assets |
587 |
605 |
566 |
657 |
| Goodwill |
37,542 |
37,542 |
37,542 |
37,542 |
| License |
700 |
- |
- |
- |
| Intangibles |
38,242 |
37,542 |
37,542 |
37,542 |
| Total Long Term Assets |
38,829 |
38,148 |
38,108 |
38,199 |
| Total Assets |
46,871 |
48,067 |
48,388 |
49,230 |
| |
|
|
|
|
| LIABILITIES & SHAREHOLDERS EQUITY |
|
|
|
|
| Current Portion of Long Term Debt |
2,000 |
2,000 |
2,000 |
2,000 |
| Accounts Payable |
688 |
844 |
691 |
778 |
| Accrued Expenses |
923 |
1,215 |
1,490 |
538 |
| Down Payments |
663 |
608 |
407 |
1,084 |
| Due To Sister Companies |
307 |
512 |
438 |
463 |
| Dividends Payable |
532 |
43 |
40 |
38 |
| Other Current Liabilities |
351 |
386 |
337 |
375 |
| Total Current Liabilities |
5,463 |
5,608 |
5,403 |
5,275 |
| Long-term Debt |
5,500 |
5,000 |
4,500 |
4,000 |
| Total Long-term Liabilities |
5,500 |
5,000 |
4,500 |
4,000 |
| Total Liabilities |
10,963 |
10,608 |
9,903 |
9,275 |
| Tax Provision |
313 |
183 |
221 |
284 |
| Provision for Employees' Termination Benefits |
1,459 |
1,378 |
1,418 |
1,467 |
| Total Provisions |
1,772 |
1,562 |
1,639 |
1,751 |
| Total Liabilities & Provisons |
12,735 |
12,169 |
11,542 |
11,027 |
| Paid-up Capital |
23,304 |
23,304 |
23,304 |
23,304 |
| Legal/Statutory Reserve |
1,168 |
1,168 |
1,168 |
1,697 |
| General\Voluntary Reserve |
1,168 |
1,168 |
1,168 |
1,697 |
| Retained Earnings/ Accumulated losses |
8,570 |
10,333 |
11,281 |
11,581 |
| Treasury Stock |
-75 |
-75 |
-75 |
-75 |
| Total Shareholders' Equity |
34,136 |
35,898 |
36,847 |
38,204 |
| Total Liab. & Shareholders' Equity |
46,871 |
48,067 |
48,388 |
49,230 |
| |
| Income Statement |
| Gross Revenue |
3,861 |
10,280 |
15,027 |
19,182 |
| Cost of Goods Sold |
-512 |
-1,165 |
-1,673 |
-2,257 |
| Gross Margin |
3,349 |
9,115 |
13,354 |
16,925 |
| S.G. & A. |
-2,130 |
-4,635 |
-7,636 |
-9,578 |
| Depreciation Expense |
-39 |
-1,080 |
-1,122 |
-1,168 |
| Other Operating Income/ Expenses |
-56 |
-365 |
-527 |
-705 |
| Net Operating Profit |
1,124 |
3,035 |
4,069 |
5,474 |
| Interest Expense |
-92 |
-160 |
-225 |
-301 |
| Provisions for Doubtful Debts |
- |
- |
-17 |
17 |
| Net Profit Before Taxes/Zakat |
1,032 |
2,875 |
3,862 |
5,190 |
| Tax / Zakat Provision |
-47 |
-127 |
-165 |
-222 |
| Net Profit After Taxes or Zakat |
985 |
2,748 |
3,696 |
4,968 |
| Profit/Loss the year from Discontinued operation |
- |
- |
- |
85 |
| Net Profit After Unusual Items |
985 |
2,748 |
3,696 |
5,053 |
| |
| Cash Flow Statement |
| OPERATING ACTIVITIES |
|
|
|
|
| Net Income |
985 |
2,748 |
3,696 |
5,053 |
| Depreciation & Amortization |
39 |
1,080 |
1,122 |
1,169 |
| Change In Operating Activities |
190 |
-1,467 |
-948 |
-69 |
| Change in Provisions |
- |
- |
- |
- |
| Cash Flows from Operating Activities |
1,214 |
2,361 |
3,870 |
6,152 |
| |
|
|
|
|
| INVESTING ACTIVITIES |
|
|
|
|
| (Inc) dec in property & plant |
-20 |
-80 |
-82 |
-236 |
| Other cash inflow (outflow) |
- |
- |
- |
- |
| Cash Flows from Investing Activities |
-20 |
-80 |
-82 |
-236 |
| |
|
|
|
|
| FINANCING ACTIVITIES |
|
|
|
|
| Increase/Decrease in Loans |
-592 |
-1,160 |
-1,725 |
-2,256 |
| Payment of Dividend |
-626 |
-1,115 |
-1,118 |
-1,120 |
| Cash Flows from Financing Activities |
-1,218 |
-2,275 |
-2,843 |
-3,376 |
| FINANCING ACTIVITIES |
|
|
|
|
| Net change cash & cash equivalents |
-24 |
5 |
945 |
2,540 |
| Cash & cash equiv at start of period |
2,755 |
2,755 |
2,755 |
2,755 |
| Cash & cash equiv at period end |
2,731 |
2,760 |
3,700 |
5,295 |