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