| |
|
|
 |
 |
COMPUTER
STATIONERY INDUSTRY SAOG
|
|
| CONSOLIDATED
BALANCE SHEET AS AT 31 DECEMBER |
| |
|
|
|
|
| ASSETS |
2007 |
2007 |
2006 |
2006 |
| Non-current
assets |
RO |
RO |
RO |
RO |
| Property,
plant and equipment |
1,951,808 |
428,067 |
1,935,819 |
494,588 |
| Intangible
asset |
254,150 |
- |
- |
- |
| Investment
in subsidiary |
- |
640,000 |
- |
640,000 |
| |
---------- |
-------- |
--------- |
-------- |
| |
2,205,958 |
1,068,067 |
1,935,819 |
1,134,588 |
| |
--------- |
--------- |
-------- |
--------- |
| Current
assets |
|
|
|
|
| Inventories |
1,054,348 |
439,099 |
940,101 |
368,469 |
| |
|
|
|
|
| Accounts
and other receivables |
1,272,792 |
803,676 |
1,149,560 |
873,811 |
| Cash
in hand and at bank |
27,908 |
15,585 |
27,797 |
23,045 |
| |
------------- |
------------- |
------------- |
------------- |
| |
2,355,048 |
1,258,360 |
2,117,458 |
1,265,325 |
| |
--------- |
------ |
--------- |
---------- |
| |
|
|
|
|
| Total
assets |
4,561,006 |
2,326,427 |
4,053,277 |
2,399,913 |
| |
===== |
===== |
===== |
===== |
| EQUITY
AND LIABILITIES |
|
|
|
|
| Capital
and reserves |
|
|
|
|
| Share
capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
| Legal
reserve |
266,114 |
271,563 |
244,516 |
249,965 |
| General
reserve |
65,000 |
- |
60,000 |
- |
| Retained
earnings |
416,111 |
353,786 |
380,340 |
309,402 |
| |
--------- |
--------- |
------- |
--------- |
| |
1,747,225 |
1,625,349 |
1,684,856 |
1,559,367 |
| |
--------- |
-------- |
-------- |
--------- |
| Non-current
liabilities |
|
|
|
|
| Government
term loans and deferred income |
32,600 |
32,600 |
69,400 |
48,900 |
| Other
term loans |
406,132 |
44,441 |
260,545 |
- |
| Deferred
tax |
104,570 |
35,514 |
109,859 |
35,913 |
| Employee
end of service benefits |
143,209 |
65,296 |
133,115 |
61,067 |
| |
---------- |
--------- |
-------- |
--------- |
| |
686,511 |
177,851 |
572,919 |
145,880 |
| |
--------- |
--------- |
-------- |
------- |
| Current
liabilities |
|
|
|
|
| Current
portion of Government term loans and
deferred income |
36,800 |
16,300 |
36,800 |
16,300 |
| Current
portion of other term loans |
236,078 |
33,336 |
90,532 |
- |
| Taxation |
29,386 |
13,380 |
39,370 |
8,957 |
| Accounts
and other payables |
684,425 |
100,841 |
547,099 |
160,087 |
| Bank
borrowings |
1,140,581 |
359,370 |
1,081,701 |
509,322 |
| |
--------- |
-------- |
------- |
--------- |
| |
2,127,270 |
523,227 |
1,795,502 |
694,666 |
| |
--------- |
------ |
------ |
--------- |
| Total
liabilities |
2,813,781 |
701,078 |
2,368,421 |
840,546 |
| |
-------- |
------ |
-------- |
------------- |
| Total
equity and liabilities |
4,561,006 |
2,326,427 |
4,053,277 |
2,399,913 |
| |
===== |
===== |
===== |
===== |
| Net
assets |
1,747,225 |
1,625,349 |
1,684,856 |
1,559,367 |
| |
===== |
===== |
===== |
===== |
| Net
assets per share |
1.747 |
1.625 |
1.685 |
1.559 |
| |
===== |
===== |
===== |
===== |
| |
|
|
|
|
| These
financial statements were approved and
authorised for issue by the Board of
Directors on 19 February 2008 and |
| signed
on their behalf by |
| |
|
|
DIRECTOR |
| CHAIRMAN |
| |
|
|
|
|
| |
|
|
|
|
| COMPUTER
STATIONERY INDUSTRY SAOG |
|
|
| |
|
|
| CONSOLIDATED
INCOME STATEMENT |
|
|
| FOR
THE YEAR ENDED 31 DECEMBER |
|
|
| |
|
|
|
|
| |
Group |
Parent |
Group |
Parent |
| |
|
company |
|
company |
| |
2007 |
2007 |
2006 |
2006 |
| |
RO |
RO |
RO |
RO |
| |
|
|
|
|
| Revenue |
3,239,871 |
1,153,893 |
3,199,018 |
1,047,110 |
| Cost
of sales |
-2,477,163 |
-864,852 |
-2,367,716 |
-811,330 |
| |
--------- |
-------- |
---------- |
---------- |
| Gross
profit |
762,708 |
289,041 |
831,302 |
235,780 |
| Other
income |
114,325 |
105,325 |
51,013 |
45,934 |
| |
---------- |
------ |
--------- |
--------- |
| Total
income |
877,033 |
394,366 |
882,315 |
281,714 |
| |
--------- |
------- |
--------- |
---------- |
| Expenses |
|
|
|
|
| General
and administrative expenses |
-488,747 |
-210,891 |
-450,628 |
-180,467 |
| Selling
and distribution expenses |
-42,960 |
-16,439 |
-48,097 |
-20,597 |
| Finance
charges |
-110,716 |
-40,552 |
-78,029 |
-20,616 |
| |
---------- |
------- |
--------- |
--------- |
| |
-642,423 |
-267,882 |
-576,754 |
-221,680 |
| |
--------- |
------- |
--------- |
--------- |
| |
|
|
|
|
| Operating
profit |
234,610 |
126,484 |
305,561 |
60,034 |
| Dividend
from subsidiary |
- |
100,000 |
- |
180,000 |
| |
----------- |
------- |
--------- |
-------- |
| Profit
before taxation |
234,610 |
226,484 |
305,561 |
240,034 |
| Taxation |
-22,241 |
-10,502 |
-32,356 |
-3,604 |
| |
-------- |
-------- |
----------- |
--------- |
| Profit
for the year |
212,369 |
215,982 |
273,205 |
236,430 |
| |
====== |
====== |
====== |
===== |
| |
|
|
|
|
| Earnings
per share |
0.212 |
0.216 |
0.273 |
0.236 |
| |
====== |
====== |
====== |
===== |
| |
|
|
|
|
Financial
statements are available in Arabic and
English at the
Head Office in Plot No.711, Road No.7,
Rusayl |
| Industrial
Estate, Sultanate of Oman |
|
|
|
|
| |
| |
|
|
|
