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PSC FINANCIALS
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Statement of
Income and Statement of Earnings and Dividend per share for
the year ended 31
December 2007
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STATEMENT
OF INCOME
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2007
RO
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2006
RO
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INCOME
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Revenue
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20,877,732
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16,055,752
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Other income
|
171,540
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177,130
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21,049,272
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16,232,882
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EXPENSES
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Salaries and employee related costs
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(6,352,527)
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(5,377,182)
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Operating costs
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(2,586,184)
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(1,521,830)
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General and administration
expenses
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(853,623)
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(455,648)
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Depreciation
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(785,714)
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(754,837)
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Directors'
remuneration
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(170,000)
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(163,300)
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(10,748,048)
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(8,272,797)
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Profit from
operations
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10,301,224
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7,960,085
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Net investment income
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2,667,971
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1,074,083
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Profit before
franchise fee and tax
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12,969,195
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9,034,168
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Franchise
fee
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(5,542,953)
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(3,958,221)
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Profit before tax
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7,426,242
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5,075,947
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Income tax
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- Current
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(662,126)
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(514,310)
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- Prior years
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(10,019)
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-
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(672,145)
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(514,310)
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Net profit for
the year
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6,754,097
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4,561,637
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Statement of basic and
diluted earnings and dividend per share
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Basic and diluted earnings
per share (Rials Omani)
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0.853
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0.576
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Proposed cash dividend per share
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0.300
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0.300
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Proposed
stock dividend per share
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0.200
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0.100
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TOP
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Balance sheet at 31 December 2007
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2007
RO
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2006
RO
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ASSETS
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Non-current assets
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Property, plant and equipment
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8,587,195
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8,377,259
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Intangible asset
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2,242
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2,769
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Investment
properties
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800,000
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785,000
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Investments available for sale
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21,249,711
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10,761,183
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Held to maturity investments
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1,987,450
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1,987,450
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Employee loans
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12,910
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19,434
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Total non-current
assets
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32,639,508
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21,933,095
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Current assets
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Investments
at fair value through profit or loss
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2,649,469
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1,509,900
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Inventories
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272,352
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311,016
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Trade and other receivables
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1,598,101
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1,568,073
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Cash and cash equivalents
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10,906,272
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4,257,531
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Total current
assets
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15,426,194
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7,646,520
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Total assets
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48,065,702
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29,579,615
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EQUITY AND LIABILITIES
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Shareholders' Equity
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Share capital
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7,920,000
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7,200,000
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Legal reserve
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2,640,000
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2,400,000
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General reserve
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2,500,000
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2,500,000
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Retained earnings
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11,539,087
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7,904,990
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Fair value
reserve
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12,039,208
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4,250,040
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Total equity
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36,638,295
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24,255,030
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Non-current liabilities
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Employee end of
service benefits
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923,985
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902,463
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Deferred tax liability
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513,358
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536,503
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Total non-current
liabilities
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1,437,343
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1,438,966
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Current liabilities
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Trade and other payables
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9,298,014
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3,372,198
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Current taxation
|
692,050
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513,421
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Total current liabilities
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9,990,064
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3,885,619
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Total liabilities
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11,427,407
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5,324,585
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Total equity and liabilities
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48,065,702
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29,579,615
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Net assets per
share
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4.626
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3.369
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TOP
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