| |
|
| Statement of Comprehensive Income for
the year ended 31 December 2010 |
|
| STATEMENT
OF INCOME |
2010
RO
|
|
2009
RO
|
| INCOME
|
|
|
|
| Revenue |
18,830,814 |
|
18,622,723 |
| Other
income |
309,331 |
|
239,991 |
|
19,140,145 |
|
18,862,714 |
| EXPENSES |
|
|
|
| Salaries and
employee related costs |
(6,318,015) |
|
(6,116,095) |
| Operating
costs |
(2,206,658) |
|
(2,055,981) |
| General and
administration expenses |
(836,022) |
|
(816,225) |
| Depreciation of property ,plant and
equipment |
(1,254,026) |
|
(1,234,122) |
| Directors'
remuneration |
(162,100) |
|
(153,100) |
|
(10,776,821) |
|
(10,375,523) |
| Profit from
operations |
8,363,324 |
|
8,487,191 |
| Interest,
investment and other income |
1,977,839 |
|
2,046,209 |
| Profit before
franchise fees and
tax |
10,341,163 |
|
10,533,400 |
| franchise
fees |
(4,244,375)
|
|
(4,615,330)
|
| Profit before tax |
6,096,788 |
|
5,918,070 |
| Income
tax |
(588,914)
|
|
(558,240)
|
| Net profit for the
year |
5,507,874 |
|
5,359,830 |
| Net profit for the
year |
5,507,874 |
|
5,359,830 |
| Other
comprehensive income: |
|
|
|
| Net
Gains on available-for-sale investment |
1,190,648 |
|
1,988,396 |
| Total
comprehensive income for the year |
6,698,522 |
|
7,348,226 |
|
Earnings
per share- basic and diluted |
|
|
|
| Basic and
diluted earnings per share (RO) |
0.058 |
|
0.056 |
|
Dividends per share |
|
|
|
|
Proposed
cash dividend per share |
0.055 |
|
0.050 |
| |
|
|
TOP | |
| Balance sheet
at 31 December 2010 |
| |
| |
2010
RO |
|
2009
RO |
| ASSETS |
|
|
|
| Non current
assets |
|
|
|
| Property, plant
and equipment |
11,624,404 |
|
11,565,338 |
| Intangible
asset |
203,662 |
|
3,889 |
| Investment
properties |
965,545 |
|
750,000 |
| Available-for
-sale Investments |
21,071,926 |
|
15,998,248 |
| Employee
loans |
14,194 |
|
17,164 |
| Total non-current
assets |
33,879,731 |
|
28,334,639 |
|
|
|
|
| Current
assets |
|
|
|
| Investments
at fair value through profit or loss |
1,983,014 |
|
1,782,129 |
| Inventories |
424,591 |
|
455,393 |
| Trade
and other receivables |
1,817,635 |
|
2,251,967 |
| Bank balances and
cash |
8,933,742 |
|
10,768,081 |
|
13,158,9821 |
|
15,257,570 |
| Assets
held for sale |
561 |
|
635 |
| Total current
assets |
13,159,5430 |
|
15,258,205 |
| Total
assets |
47,039,274 |
|
43,592,8447 |
| |
|
|
|
| EQUITY
AND LIABILITIES |
|
|
|
| Capital
and reserves |
|
|
|
| Share
capital |
9,504,000 |
|
9,504,000 |
| Legal
reserve |
3,168,000 |
|
3,168,000 |
| General
reserve |
2,500,000 |
|
2,500,000 |
| Retained
earnings |
16,143,174 |
|
15,387,3003 |
| Fair value
reserve |
4,414,734 |
|
3,224,086 |
| Total
equity |
35,729,908 |
|
33,783,386 |
|
|
|
|
| Non current
liabilities |
|
|
|
| Employee's
end of service benefits |
911,322 |
|
769,040 |
| Deferred tax
liability |
731,858 |
|
646,262 |
| Total non current
liabilities |
1,643,180 |
|
1,415,302 |
| |
|
|
|
| Current
liabilities |
|
|
|
| Trade
and other payables |
7,662,868 |
|
7,920,461 |
| Due to
bank |
1,500,000 |
|
- |
| Provision
for taxation |
503,318 |
|
473,695 |
| Total current
liabilities |
9,666,186 |
|
8,394,156 |
| Total
liabilities |
11,309,366 |
|
9,809,458 |
|
Total
equity and
liabilities |
47,039,274 |
|
43,592,844 |
| Net assets per
share |
0.376 |
|
0.355 |
| |
|
|
TOP | | | | | |
 |
