|
|
|
|
PSC FINANCIALS
|
|
|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Balance
Sheet
|
|
as at 30-9-2008
|
|
|
|
|
|
|
|
Restated
|
|
|
30 Sept. 2008
|
|
30 Sept . 2007
|
|
Fixed assets
|
RO. '000
|
|
RO. '000
|
|
Property, plant and equipment
|
8,487.1
|
|
8,003.4
|
|
Intangible asset
|
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
|
20,773.2
|
|
14,123.3
|
|
Employee loans
|
4.6
|
|
9.9
|
|
Total fixed
assets
|
32,054.5
|
|
24,911.8
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
Investments at
fair value through profit or loss
|
2,391.0
|
|
2,250.2
|
|
Inventories
|
230.1
|
|
214.3
|
|
Trade receivables
|
1,935.1
|
|
1,632.8
|
|
Bank and cash
|
9,500.0
|
|
13,459.7
|
|
Other assets
|
545.1
|
|
632.7
|
|
Total current
assets
|
14,601.3
|
|
18,189.7
|
|
|
|
|
|
|
Total assets
|
46,655.8
|
|
43,101.5
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
Trade and other
creditors
|
8,949.6
|
|
6,431.3
|
|
Payable to related parties
|
4.9
|
|
14.3
|
|
Short Term Loan
|
-
|
|
5,000.0
|
|
Total current
liabilities
|
8,954.5
|
|
11,445.6
|
|
|
|
|
|
|
Non-currenet liabilities
|
|
|
|
|
|
|
|
|
|
Employee end of service benefits
|
945.5
|
|
893.5
|
|
Deferred tax liability
|
513.4
|
|
536.5
|
|
Total
non-current liabilities
|
1,458.9
|
|
1,430.0
|
|
Total liabilities
|
10,413.4
|
|
12,875.6
|
|
Net assets
|
36,242.4
|
|
30,225.9
|
|
|
|
|
|
|
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
|
7,488.8
|
|
7,364.4
|
|
Profit and loss
account
|
14,109.6
|
|
10,041.5
|
|
Total
shareholders' equity
|
36,242.4
|
|
30,225.9
|
|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Proft & Loss Account
|
|
for nine months ended 30-9-2008
|
|
|
|
|
|
9 months
ended
30 Sept.
2008
|
|
Restated
9 months
ended
30 Sept.
2007
|
|
|
RO. '000
|
|
RO. '000
|
|
|
|
|
|
|
Turnover/Revenue
|
18,575.4
|
|
14,927.7
|
|
|
|
|
|
|
Gross profit
|
11,721.1
|
|
9,446.9
|
|
|
|
|
|
|
Depreciation
|
(856.6)
|
|
(705.4)
|
|
Administration
& marketing expenses
|
(755.5)
|
|
(691.9)
|
|
Operating
profit
|
10,109.0
|
|
8,049.6
|
|
|
|
|
|
|
lProfit on
disposal of assets
|
36.8
|
|
3.6
|
|
Investment income
|
2,475.8
|
|
1,586.6
|
|
Profit before
franchise fee and taxation
|
12,621.6
|
|
9,639.8
|
|
|
|
|
|
|
Provision for
franchise fee
|
(5,484.6)
|
|
(4,125.5)
|
|
Provision for
taxation
|
(606.5)
|
|
(497.8)
|
|
Net profit
attributable to ordinary shareholders
|
6,530.5
|
|
5,016.5
|
|
|
|
|
|
|
Dividend per
share
|
NA
|
|
NA
|
|
|
|
|
|
|
Net profit
margin
|
35.2%
|
|
33.6%
|
|
|
|
|
|
|
|
|
|
|
