Investor Relations

2017

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

 

 

Period End Date Q1
31/03/2017
Q2
30/06/2017
Q3
30/09/2017
Annual
31/12/2017
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 5,666 888 1,216 886
Accounts Receivables 5,057 6,448 5,362 4,479
Provision for Doubtful Receivables -2,878 -2,875 -2,875 -2,833
Net Receivables 2,179 3,573 2,487 1,646
Net Inventory 241 199 198 271
Advance Payments to Suppliers - - - 29
Due from Sister Companies/Associates 681 327 812 6,247
Loans to employees (under one year) 83 62 42 37
Prepaid Expenses ST 349 429 325 153
Other Current Assets 403 363 416 311
Total Current Assets 9,603 5,842 5,496 9,580
Fixed Assets 4,718 4,735 4,826 475
Goodwill 37,542 37,542 37,542 37,542
License - - - -
Intangibles 37,542 37,542 37,542 37,542
Total Long Term Assets 42,260 42,277 42,368 38,017
Total Assets 51,863 48,119 47,864 47,597
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 3,000 2,500 2,500 1,500
Accounts Payable 735 913 949 914
Accrued Expenses 683 521 694 472
Down Payments 664 681 493 818
Due To Sister Companies 273 386 418 709
Dividends Payable 160 328 281 265
Other Current Liabilities 538 520 481 469
Total Current Liabilities 6,053 5,849 5,815 5,147
Long-term Debt - - - -
Total Long-term Liabilities - - - -
Total Liabilities 6,053 5,849 5,815 5,147
Tax Provision 209 114 67 83
Provision for Employees' Termination Benefits 1,733 1,731 1,700 1,735
Total Provisions 1,942 1,844 1,767 1,819
Total Liabilities & Provisons 7,995 7,694 7,583 6,966
Paid-up Capital 23,304 23,304 23,304 23,304
Legal/Statutory Reserve 2,788 2,788 2,788 2,981
General\Voluntary Reserve 2,788 2,788 2,788 2,981
Retained Earnings/ Accumulated losses 15,063 11,621 11,477 11,441
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 43,868 40,425 40,282 40,631
Total Liab. & Shareholders' Equity 51,863 48,119 47,864 47,597
 
Income Statement
Gross Revenue 3,312 8,010 10,343 12,887
Cost of Goods Sold -459 -904 -1,232 -1,638
Gross Margin 2,854 7,106 9,111 11,249
S.G. & A. -2,074 -4,804 -6,664 -8,938
Depreciation & Amortization -50 -100 -149 -195
Other Operating Income/ Expenses -226 -424 -645 -767
Net Operating Profit 504 1,778 1,652 1,349
Interest Expense -33 -63 -88 -108
Provisions for Doubtful Debts - -3 -3 -3
Net Profit Before Taxes/Zakat 471 1,713 1,562 1,238
Tax / Zakat Provision -21 -75 -67 -53
Net Profit After Taxes or Zakat 450 1,638 1,494 1,186
Profit/Loss the year from Discontinued operation - - - 659
Net Profit After Unusual Items 450 1,638 1,494 1,844
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income 450 1,638 1,494 1,844
Depreciation & Amortization 50 100 149 195
Change In Operating Activities -620 -1,413 -826 -503
Change in Provisions - 3 3 3
Cash Flows from Operating Activities -120 327 820 1,540
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -42 -109 -249 -378
Other cash inflow (outflow) 8 10 10 110
Cash Flows from Investing Activities -34 -98 -239 -268
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -533 -1,063 -1,088 -2,108
Payment of Dividend - -4,631 -4,631 -4,631
Cash Flows from Financing Activities -533 -5,693 -5,719 -6,739
Net change cash & cash equivalents -687 -5,465 -5,137 -5,467
Cash & cash equiv at start of period 6,353 6,353 6,353 6,353
Cash & cash equiv at period end 5,666 888 1,216 886