|
Unaudited
Balance Sheet
|
|
at 31-3-2008
|
|
|
|
|
|
31 March
2008
|
|
31 March
2007
|
|
|
RO. '000
|
|
RO. '000
|
|
Fixed assets
|
|
|
|
|
Property, plant and equipment
|
8,419.0
|
|
8,253.7
|
|
Intangible
asset
|
2.2
|
|
2.8
|
|
Investment
properties
|
800.0
|
|
785.0
|
|
Investment in
securities held to maturity
|
1,987.4
|
|
1,987.4
|
|
Investment in
securities available for sale
|
22,667.6
|
|
10,540.9
|
|
Employee loans
|
7.3
|
|
12.7
|
|
Total fixed
assets
|
33,883.5
|
|
21,582.5
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
Investments at
fair value through profit or loss
|
2,836.4
|
|
1,741.8
|
|
Inventories
|
168.1
|
|
286.7
|
|
Trade receivables
|
1,912.9
|
|
1,438.6
|
|
Bank and cash
|
14,193.6
|
|
6,093.4
|
|
Other assets
|
294.5
|
|
352.0
|
|
Total current
assets
|
19,405.5
|
|
9,912.5
|
|
Total assets
|
53,289.0
|
|
31,495.0
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
Trade and other
creditors
|
13,977.2
|
|
6,707.8
|
|
Payable to related parties
|
2.4
|
|
2.9
|
|
Total current
liabilities
|
13,979.6
|
|
6,710.7
|
|
Non-current liabilities
|
|
|
|
|
Employee end of service benefits
|
938.6
|
|
921.7
|
|
Deferred tax liability
|
513.4
|
|
536.5
|
|
Total
non-current liabilities
|
1,452.0
|
|
1,458.2
|
|
Total liabilities
|
15,431.6
|
|
8,168.9
|
|
Net assets
|
37,857.4
|
|
23,326.1
|
|
|
|
|
|
|
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
|
13,421.2
|
|
4,022.8
|
|
Profit and loss
account
|
9,792.2
|
|
6,483.3
|
|
Total
shareholders' equity
|
37,857.4
|
|
23,326.1
|
|
|
Unaudited
Profit & Loss Account
|
|
for three months ended 31.3.2008
|
|
|
|
3 months
ended
31 March
2008
|
|
3 Months
ended
31 March
2007
|
|
|
RO.'000
|
|
RO.'000
|
|
|
|
|
|
|
Turnover/Revenue
|
6,063.3
|
|
4,543.7
|
|
|
|
|
|
|
Gross profit
|
3,571.9
|
|
2,907.7
|
|
|
|
|
|
|
Depreciation
|
(285.5)
|
|
(235.2)
|
|
Administration
& general expenses
|
(252.0)
|
|
(173.9)
|
|
|
|
|
|
|
Operating
profit
|
3,034.4
|
|
2,498.6
|
|
|
|
|
|
|
Profit on disposal of assets
|
28.8
|
|
0.1
|
|
Investment income
|
1,196.1
|
|
315.6
|
|
|
|
|
|
|
Profit before
franchise fee and taxation
|
4,259.3
|
|
2,814.3
|
|
|
|
|
|
|
Provision for
franchise fee
|
(1,856.8)
|
|
(1,188.3)
|
|
Provision for
taxation
|
(189.4)
|
|
(167.7)
|
|
|
|
|
|
|
Net profit
attributable to ordinary shareholders
|
2,213.1
|
|
1,458.3
|
|
|
|
|
|
|
Dividend per
share
|
NA
|
|
NA
|
|
Net profit
margin
|
36.5%
|
|
32.1%
|
|
Note: In view of the ongoing negot
ia
tions for the renewal of the
Concession Agreement, the franchise fees and rent payable to the
Government has been based on the provisions of the Concession Agreement
which expired on 31.12.2006.
|
