Investor Relations

2013

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

 

 

Period End Date Q1
31/03/2013
Q2
30/06/2013
Q3
30/09/2013
Annual
31/12/2013
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 2,128 1,416 1,681 2,755
Accounts Receivables 5,918 6,505 9,142 6,394
Provision for Doubtful Receivables -2,978 -3,128 -3,128 -3,033
Net Receivables 2,940 3,377 6,014 3,362
Net Inventory 199 228 258 274
Advance Payments to Suppliers 7 227 68 267
Due from Sister Companies/Associates 334 1,151 1,565 1,101
Loans to employees (under one year) 12 27 24 13
Prepaid Expenses ST 149 145 272 162
Other Current Assets 420 327 324 319
Total Current Assets 6,189 6,898 10,207 8,252
Fixed Assets 735 684 645 606
Goodwill 37,542 37,542 37,542 37,542
License 137 - - 350
Intangibles 37,679 37,542 37,542 37,892
Total Long Term Assets 38,414 38,226 38,187 38,498
Total Assets 44,603 45,124 48,394 46,750
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 2,000 2,000 2,000 2,000
Accounts Payable 1,146 958 965 758
Accrued Expenses 1,168 1,438 1,557 465
Down Payments 595 419 502 908
Due To Sister Companies 121 2 1,694 294
Other Current Liabilities 579 493 487 325
Total Current Liabilities 5,609 5,310 7,205 4,749
Long-term Debt 7,500 7,000 6,500 6,000
Total Long-term Liabilities 7,500 7,000 6,500 6,000
Total Liabilities 13,109 12,310 13,705 10,749
Tax Provision 225 287 370 267
Provision for Employees' Termination Benefits 1,326 1,364 1,381 1,425
Total Provisions 1,551 1,651 1,751 1,693
Total Liabilities & Provisons 14,660 13,961 15,456 12,442
Paid-up Capital 23,304 23,304 23,304 23,304
Legal/Statutory Reserve 583 583 583 1,168
General\Voluntary Reserve 583 583 583 1,168
Retained Earnings/ Accumulated losses 5,548 6,768 8,542 8,743
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 29,943 31,163 32,938 34,308
Total Liab. & Shareholders' Equity 44,603 45,124 48,394 46,750
 
Income Statement
Gross Revenue 4,104 8,288 14,572 18,760
Cost of Goods Sold -640 -1,311 -1,895 -2,396
Gross Margin 3,464 6,977 12,678 16,365
S.G. & A. -1,460 -2,898 -7,056 -9,163
Depreciation Expense -260 -497 -553 -608
Other Operating Income/ Expenses -332 -606 -108 -173
Net Operating Profit 1,412 2,976 4,961 6,421
Interest Expense -137 -269 -395 -515
Provisions for Doubtful Debts - -150 -150 -55
Net Profit Before Taxes/Zakat 1,275 2,557 4,416 5,851
Tax / Zakat Provision -56 -118 -202 -267
Net Profit After Taxes or Zakat 1,219 2,439 4,214 5,584
Net Profit After Unusual Items 1,219 2,439 4,214 5,584
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income 1,219 2,439 4,214 5,584
Depreciation & Amortization 260 497 553 608
Change In Operating Activities -98 -1,739 -2,659 -2,343
Change in Provisions - 150 150 55
Cash Flows from Operating Activities 1,381 1,350 2,258 3,903
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -16 -20 -36 -52
Other cash inflow (outflow) -19 -64 -64 -
Cash Flows from Investing Activities -35 -84 -100 -52
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -637 -1,269 -1,895 -2,515
Cash Flows from Financing Activities -637 -1,269 -1,895 -2,515
FINANCING ACTIVITIES        
Net change cash & cash equivalents 709 -3 262 1,336
Cash & cash equiv at start of period 1,419 1,419 1,419 1,419
Cash & cash equiv at period end 2,128 1,416 1,681 2,755