Investor Relations

2015

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

 

 

Period End Date Q1
31/03/2015
Q2
30/06/2015
Q3
30/09/2015
Annual
31/12/2015
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 5,477 5,646 5,490 7,773
Accounts Receivables 6,123 6,942 7,323 5,629
Provision for Doubtful Receivables -2,880 -3,075 -3,075 -2,964
Net Receivables 3,243 3,867 4,249 2,665
Net Inventory 183 144 198 185
Advance Payments to Suppliers 12 12 167 108
Due from Sister Companies/Associates 2,901 1,674 1,286 1,899
Loans to employees (under one year) 63 61 70 61
Prepaid Expenses ST 138 156 135 389
Other Current Assets 327 966 613 536
Total Current Assets 12,345 12,526 12,208 13,617
Fixed Assets 612 579 582 540
Goodwill 37,542 37,542 37,542 37,542
License - - - -
Intangibles 37,542 37,542 37,542 37,542
Total Long Term Assets 38,155 38,121 38,124 38,082
Total Assets 50,499 50,647 50,332 51,699
         
LIABILITIES & SHAREHOLDERS EQUITY        
Current Portion of Long Term Debt 2,000 2,000 1,000 1,500
Accounts Payable 496 664 771 977
Accrued Expenses 916 1,074 1,299 753
Down Payments 990 978 825 751
Due To Sister Companies 424 479 422 455
Dividends Payable 1,771 94 85 80
Other Current Liabilities 412 413 383 442
Total Current Liabilities 7,009 5,703 4,785 4,958
Long-term Debt 3,500 3,000 2,500 2,000
Total Long-term Liabilities 3,500 3,000 2,500 2,000
Total Liabilities 10,509 8,703 7,285 6,958
Tax Provision 361 185 232 300
Provision for Employees' Termination Benefits 1,503 1,544 1,628 1,664
Total Provisions 1,864 1,729 1,860 1,963
Total Liabilities & Provisons 12,373 10,432 9,145 8,921
Paid-up Capital 23,304 23,304 23,304 23,304
Legal/Statutory Reserve 1,697 1,697 1,697 2,358
General\Voluntary Reserve 1,697 1,697 1,697 2,358
Retained Earnings/ Accumulated losses 11,504 13,594 14,565 14,833
Treasury Stock -75 -75 -75 -75
Total Shareholders' Equity 38,126 40,216 41,187 42,778
Total Liab. & Shareholders' Equity 50,499 50,647 50,332 51,699
 
Income Statement
Gross Revenue 4,826 11,050 15,670 20,293
Cost of Goods Sold -610 -1,393 -1,930 -2,648
Gross Margin 4,216 9,657 13,739 17,645
S.G. & A. -2,193 -4,960 -7,753 -9,700
Depreciation Expense -52 -103 -158 -212
Other Operating Income/ Expenses -187 -377 -562 -784
Net Operating Profit 1,784 4,217 5,266 6,949
Interest Expense -48 -93 -122 -151
Provisions for Doubtful Debts - -194 -194 -187
Net Profit Before Taxes/Zakat 1,736 3,930 4,950 6,611
Tax / Zakat Provision -77 -182 -229 -300
Net Profit After Taxes or Zakat 1,659 3,749 4,720 6,311
Profit/Loss the year from Discontinued operation - - - -
Net Profit After Unusual Items 1,659 3,749 4,720 6,311
 
Cash Flow Statement
OPERATING ACTIVITIES        
Net Income before Tax and Minority Interest 1,659 3,749 4,720 6,311
Depreciation & Amortization 52 103 158 212
Change In Operating Activities -970 -897 -482 188
Change in Provisions - 194 194 187
Cash Flows from Operating Activities 741 3,149 4,590 6,898
         
INVESTING ACTIVITIES        
(Inc) dec in property & plant -7 -25 -83 -96
Other cash inflow (outflow) - - - 22
Cash Flows from Investing Activities -7 -25 -83 -73
         
FINANCING ACTIVITIES        
Increase/Decrease in Loans -548 -1,093 -2,622 -2,651
Payment of Dividend -3 -1,680 -1,690 -1,695
Cash Flows from Financing Activities -551 -2,773 -4,312 -4,346
FINANCING ACTIVITIES        
Net change cash & cash equivalents 182 351 195 2,479
Cash & cash equiv at start of period 5,295 5,295 5,295 5,295
Cash & cash equiv at period end 5,477 5,646 5,490 7,773