|
|
|
|
PSC FINANCIALS
|
|
|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Balance
Sheet
|
|
as at 30-6-2008
|
|
|
|
|
|
30
June 2008
|
|
30
June 2007
|
|
Fixed assets
|
RO. '000
|
|
RO. '000
|
|
Property, plant and equipment
|
8,582.9
|
|
8,105.9
|
|
Intangible properties
|
2.2
|
|
2.8
|
|
Investment
properties
|
800.0
|
|
785.0
|
|
Investments in
securities held to maturity
|
1,987.4
|
|
1,987.4
|
|
Investments in
securities available for sale
|
27,702.3
|
|
11,819.6
|
|
Employee loans
|
5.9
|
|
11.3
|
|
Total fixed
assets
|
39,080.7
|
|
22,712.0
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
Investments at
fair value through profit or loss
|
3,088.5
|
|
1,997.9
|
|
Inventories
|
171.3
|
|
242.9
|
|
Trade receivables
|
1,761.4
|
|
1,417.6
|
|
Bank and cash
|
8,055.6
|
|
5,458.1
|
|
Other assets
|
321.0
|
|
353.9
|
|
Total current
assets
|
13,397.8
|
|
9,470.4
|
|
Total assets
|
52,478.5
|
|
32,182.4
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
Trade and other
creditors
|
7,379.8
|
|
4,287.8
|
|
Payable to related parties
|
28.1
|
|
3.1
|
|
Total current
liabilities
|
7,407.9
|
|
4,290.9
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
Employees end of service benefits
|
944.7
|
|
917.6
|
|
Deferred tax liability
|
513.4
|
|
536.5
|
|
Total non-current liabilities
|
1,458.1
|
|
1,454.1
|
|
Total liabilities
|
8,866.0
|
|
5,745.0
|
|
Net assets
|
43,612.5
|
|
26,437.4
|
|
|
|
|
|
|
Shareholders'
funds
|
|
|
|
|
|
|
|
|
|
Share capital
|
9,504.0
|
|
7,920.0
|
|
Legal reserve
|
2,640.0
|
|
2,400.0
|
|
General reserve
|
2,500.0
|
|
2,500.0
|
|
Fair value
reserve
|
16,617.4
|
|
5,448.7
|
|
Profit and loss
account
|
12,351.1
|
|
8,168.7
|
|
Total
shareholders' equity
|
43,612.5
|
|
26,437.4
|
|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Proft & Loss Account
|
|
for six months ended 30-6-2008
|
|
|
|
|
|
6 months
ended
30 June
2008
|
|
6 months
ended
30 June
2007
|
|
|
RO. '000
|
|
RO. '000
|
|
|
|
|
|
|
Turnover/Revenue
|
12,009.0
|
|
9,368.9
|
|
|
|
|
|
|
Gross profit
|
7,445.6
|
|
5,903.8
|
|
|
|
|
|
|
Depreciation
|
(571.1)
|
|
(470.3)
|
|
Administration
& general expenses
|
(546.4)
|
|
(571.6)
|
|
Operating
profit
|
6,328.1
|
|
4,861.9
|
|
|
|
|
|
|
Profit on
disposal of assets
|
36.8
|
|
3.0
|
|
Investment
income
|
2,923.6
|
|
1,200.7
|
|
Profit before
franchise fee and taxation
|
9,288.5
|
|
6,065.6
|
|
|
|
|
|
|
Provision for
franchise fee
|
(4,082.3)
|
|
(2,549.8)
|
|
Provision for
taxation
|
(434.2)
|
|
(372.1)
|
|
Net profit
attributable to ordinary shareholders
|
4,772.0
|
|
3,143.7
|
|
|
|
|
|
|
Dividend per
share
|
NA
|
|
NA
|
|
|
|
|
|
|
Net profit
margin
|
39.7%
|
|
33.3%
|
|
|
|
|
|
|
|
|
|
|
