|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Balance
Sheet
|
|
as at 30-9-2007
|
|
|
|
|
|
30 Sept. 2007
|
|
30 Sept . 2006
|
|
Fixed assets
|
RO. '000
|
|
RO. '000
|
|
Property, plant and equipment
|
8,003.4
|
|
8,415.9
|
|
Intangible asset
|
2.8
|
|
-
|
|
Investment
properties
|
785.0
|
|
785.0
|
|
Investments in securities
held to maturity
|
1,987.4
|
|
1,987.4
|
|
Investments in
securities available for sale
|
14,123.3
|
|
10,314.3
|
|
Employee loans
|
9.9
|
|
15.3
|
|
Total fixed
assets
|
24,911.8
|
|
21,517.9
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
Investments at
fair value through profit or loss
|
2,250.2
|
|
1,584.3
|
|
Inventories
|
214.3
|
|
237.6
|
|
Trade receivables
|
1,632.8
|
|
1,102.9
|
|
Bank and cash
|
13,459.7
|
|
3,282.1
|
|
Other assets
|
632.7
|
|
168.8
|
|
Total current
assets
|
18,189.7
|
|
6,375.7
|
|
|
|
|
|
|
Total assets
|
43,101.5
|
|
27,893.6
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
Trade and other
creditors
|
6,514.6
|
|
3,055.7
|
|
Payable to related parties
|
14.3
|
|
5.2
|
|
Short Term Loan
|
5,000.0
|
|
-
|
|
Total current
liabilities
|
11,528.9
|
|
3,060.9
|
|
|
|
|
|
|
Non-currenet liabilities
|
|
|
|
|
|
|
|
|
|
Employee end of service benefits
|
893.5
|
|
855.5
|
|
Deferred tax liability
|
536.5
|
|
528.8
|
|
Total
non-current liabilities
|
1,430.0
|
|
1,384.3
|
|
Total liabilities
|
12,958.9
|
|
4,445.2
|
|
Net assets
|
30,142.6
|
|
23,448.4
|
|
|
|
|
|
|
Shareholders'
funds
|
|
|
|
|
|
|
|
|
|
Share capital
|
7,920.0
|
|
7,200.0
|
|
Legal reserve
|
2,400.0
|
|
2,400.0
|
|
General reserve
|
2,500.0
|
|
2,500.0
|
|
Fair value
reserve
|
7,364.4
|
|
4,321.8
|
|
Profit and loss
account
|
9,958.2
|
|
7,026.6
|
|
Total
shareholders' equity
|
30,142.6
|
|
23,448.4
|
|
|
PORT SERVICES
CORPORATION (SAOG)
|
|
Unaudited Proft & Loss Account
|
|
for nine months ended 30-9-2007
|
|
|
|
|
|
9 months
ended
30 Sept.
2007
|
|
9 months
ended
30 Sept.
2006
|
|
|
RO. '000
|
|
RO. '000
|
|
|
|
|
|
|
Turnover/Revenue
|
14,927.7
|
|
11,700.9
|
|
|
|
|
|
|
Gross profit
|
9,446.9
|
|
7,125.5
|
|
|
|
|
|
|
Depreciation
|
(705.4)
|
|
(666.4)
|
|
Administration
& marketing expenses
|
(691.9)
|
|
(376.2)
|
|
Operating
profit
|
8,049.6
|
|
6,082.9
|
|
|
|
|
|
|
lProfit on
disposal of assets
|
3.6
|
|
12.3
|
|
Investment income
|
1,586.6
|
|
955.8
|
|
Profit before
franchise fee and taxation
|
9,639.8
|
|
7,051.0
|
|
|
|
|
|
|
Provision for
franchise fee
|
(4,042.3)
|
|
(2,873.3)
|
|
Provision for
taxation
|
(664.3)
|
|
(494.4)
|
|
Net profit
attributable to ordinary shareholders
|
4,933.2
|
|
3,683.3
|
|
|
|
|
|
|
Dividend per
share
|
NA
|
|
NA
|
|
|
|
|
|
|
Net profit
margin
|
33.0%
|
|
31.5%
|
|
|
