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