Investor Relations

Financial Information

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

 

 

Period End Date Q1
31/03/2016
Q2
30/06/2016
Q3
30/09/2016
Annual
31/12/2016
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 7,791 1,932 2,736 -
Accounts Receivables 5,963 6,152 5,660 -
Provision for Doubtful Receivables -2,964 -2,932 -2,878 -
Net Receivables 2,999 3,220 2,782 -
Net Inventory 215 350 401 -
Advance Payments to Suppliers 225 218 70 -
Due from Sister Companies/Associates 2,506 1,798 2,103 -
Loans to employees (under one year) 70 77 82 -
Prepaid Expenses ST 403 378 415 -
Other Current Assets 543 1,963 764 -
Total Current Assets 14,752 9,936 9,354 -
Fixed Assets 500 4,732 4,680 -
Goodwill 37,542 37,542 37,542 -
License - - - -
Intangibles 37,542 37,542 37,542 -
Total Long Term Assets 38,043 42,275 42,223 -
Total Assets 52,794 52,211 51,576 -
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 2,000 3,500 3,500 -
Accounts Payable 888 835 706 -
Accrued Expenses 944 808 1,151 -
Down Payments 627 998 654 -
Due To Sister Companies 321 285 285 -
Dividends Payable 78 206 174 -
Other Current Liabilities 524 527 503 -
Total Current Liabilities 5,382 7,159 6,972 -
Long-term Debt 1,500 1,000 500 -
Total Long-term Liabilities 1,500 1,000 500 -
Total Liabilities 6,882 8,159 7,472 -
Tax Provision 122 135 134 -
Provision for Employees' Termination Benefits 1,667 1,674 1,724 -
Total Provisions 1,789 1,808 1,859 -
Total Liabilities & Provisons 8,671 9,967 9,331 -
Paid-up Capital 23,304 23,304 23,304 -
Legal/Statutory Reserve 2,358 2,358 2,358 -
General\Voluntary Reserve 2,358 2,358 2,358 -
Retained Earnings/ Accumulated losses 16,179 14,300 14,301 -
Treasury Stock -75 -75 -75 -
Total Shareholders' Equity 44,123 42,244 42,245 -
Total Liab. & Shareholders' Equity 52,794 52,211 51,576 -
 
Income Statement
Gross Revenue 4,641 10,382 13,311 -
Cost of Goods Sold -666 -1,321 -1,779 -
Gross Margin 3,975 9,061 11,532 -
S.G. & A. -2,298 -5,411 -7,639 -
Depreciation Expense -58 -113 -166 -
Other Operating Income/ Expenses -181 -401 -602 -
Net Operating Profit 1,438 3,137 3,125 -
Interest Expense -30 -63 -104 -
Provisions for Doubtful Debts - - 54 -
Net Profit Before Taxes/Zakat 1,408 3,074 3,075 -
Tax / Zakat Provision -62 -135 -134 -
Net Profit After Taxes or Zakat 1,346 2,939 2,941 -
Profit/Loss the year from Discontinued operation - - - -
Net Profit After Unusual Items 1,346 2,939 2,941 -
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income 1,346 2,939 2,941 -
Depreciation & Amortization 58 113 166 -
Change In Operating Activities -1,358 -2,211 -834 -
Change in Provisions - - -54 -
Cash Flows from Operating Activities 46 841 2,219 -
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -19 -4,305 -4,306 -
Other cash inflow (outflow) 23 33 33 -
Cash Flows from Investing Activities 5 -4,271 -4,273 -
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -30 937 396 -
Payment of Dividend -2 -3,347 -3,379 -
Cash Flows from Financing Activities -32 -2,411 -2,983 -
FINANCING ACTIVITIES        
Net change cash & cash equivalents 18 -5,842 -5,037 -
Cash & cash equiv at start of period 7,773 7,773 7,773 -
Cash & cash equiv at period end 7,791 1,932 2,736 -