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 AR - EN
Currency KWD '000 KWD '000 KWD '000 KWD '000
 
Balance Sheet
ASSETS        
Cash & Cash Equivalents 7,791 1,932 2,736 6,353
Accounts Receivables 5,963 6,152 5,660 4,959
Provision for Doubtful Receivables -2,964 -2,932 -2,878 -2,878
Net Receivables 2,999 3,220 2,782 2,081
Net Inventory 215 350 401 184
Advance Payments to Suppliers 225 218 70 -
Due from Sister Companies/Associates 2,506 1,798 2,103 78
Loans to employees (under one year) 70 77 82 92
Prepaid Expenses ST 403 378 415 337
Other Current Assets 543 1,963 764 349
Total Current Assets 14,752 9,936 9,354 9,474
Fixed Assets 500 4,732 4,680 4,726
Goodwill 37,542 37,542 37,542 37,542
License - - - -
Intangibles 37,542 37,542 37,542 37,542
Total Long Term Assets 38,043 42,275 42,223 42,269
Total Assets 52,794 52,211 51,576 51,742
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 2,000 3,500 3,500 3,500
Accounts Payable 888 835 706 591
Accrued Expenses 944 808 1,151 451
Down Payments 627 998 654 707
Due To Sister Companies 321 285 285 477
Dividends Payable 78 206 174 165
Other Current Liabilities 524 527 503 522
Total Current Liabilities 5,382 7,159 6,972 6,413
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 6,413
Tax Provision 122 135 134 188
Provision for Employees' Termination Benefits 1,667 1,674 1,724 1,723
Total Provisions 1,789 1,808 1,859 1,911
Total Liabilities & Provisons 8,671 9,967 9,331 8,324
Paid-up Capital 23,304 23,304 23,304 23,304
Legal/Statutory Reserve 2,358 2,358 2,358 2,788
General\Voluntary Reserve 2,358 2,358 2,358 2,788
Retained Earnings/ Accumulated losses 16,179 14,300 14,301 14,613
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 44,123 42,244 42,245 43,418
Total Liab. & Shareholders' Equity 52,794 52,211 51,576 51,742
 
Income Statement
Gross Revenue 4,641 10,382 13,311 17,920
Cost of Goods Sold -666 -1,321 -1,779 -2,343
Gross Margin 3,975 9,061 11,532 15,576
S.G. & A. -2,298 -5,411 -7,639 -10,097
Depreciation Expense -58 -113 -166 -217
Other Operating Income/ Expenses -181 -401 -602 -876
Net Operating Profit 1,438 3,137 3,125 4,386
Interest Expense -30 -63 -104 -139
Provisions for Doubtful Debts - - 54 54
Net Profit Before Taxes/Zakat 1,408 3,074 3,075 4,302
Tax / Zakat Provision -62 -135 -134 -188
Net Profit After Taxes or Zakat 1,346 2,939 2,941 4,113
Profit/Loss the year from Discontinued operation - - - -
Net Profit After Unusual Items 1,346 2,939 2,941 4,113
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income 1,346 2,939 2,941 4,113
Depreciation & Amortization 58 113 166 217
Change In Operating Activities -1,358 -2,211 -834 2,200
Change in Provisions - - -54 -54
Cash Flows from Operating Activities 46 841 2,219 6,477
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -19 -4,305 -4,306 -4,404
Other cash inflow (outflow) 23 33 33 34
Cash Flows from Investing Activities 5 -4,271 -4,273 -4,370
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -30 937 396 -139
Payment of Dividend -2 -3,347 -3,379 -3,388
Cash Flows from Financing Activities -32 -2,411 -2,983 -3,527
FINANCING ACTIVITIES        
Net change cash & cash equivalents 18 -5,842 -5,037 -1,420
Cash & cash equiv at start of period 7,773 7,773 7,773 7,773
Cash & cash equiv at period end 7,791 1,932 2,736 6,353