| Unaudited Balance
Sheet |
| at
31-3-2007 |
| | |
|
31
March
2007 |
|
31
March
2006 |
|
RO.
'000 |
|
RO.
'000 |
| Fixed
assets |
|
|
|
| Property, plant
and equipment |
8,253.7 |
|
7,696.7 |
| Intangible asset |
2.8 |
|
- |
| Investment
properties |
785.0 |
|
785.0 |
| Investment in
securities held to maturity |
1,987.4 |
|
1,987.4 |
| Investment in
securities available for sale |
10,540.9 |
|
11,683.1 |
| Employee
loans |
12.7 |
|
18.8 |
| Total fixed
assets |
21,582.5 |
|
22,171.0 |
| |
|
|
|
| Current
assets |
|
|
|
| Investment
at
fair value through profit or
loss |
1,741.8 |
|
1,566.3 |
| Inventories |
286.7 |
|
242.3 |
| Trade
receivables |
1,438.6 |
|
1,099.2 |
| Bank and
cash |
6,093.4 |
|
4,472.7 |
| Other
assets |
352.0 |
|
274.8 |
| Total current
assets |
9,912.5 |
|
7,655.3 |
|
|
|
|
| Total
assets |
31,495.0 |
|
29,826.3 |
|
|
|
|
| Current
liabilities |
|
|
|
| Trade and other
creditors |
6,719.8 |
|
5,386.4 |
| Payable to related
parties |
2.9 |
|
5.8 |
| Total current
liabilities |
6,722.7 |
|
5,392.2 |
|
|
|
|
| Non-current liabilities |
|
|
|
| Employee
end of service benefits |
921.7 |
|
929.4 |
| Deferred
tax liability |
536.5
|
|
528.8
|
| Total
non-current liabilities |
1,458.2 |
|
1,458.2 |
| Total
liabilities |
8,180.9 |
|
6,850.4 |
|
|
|
|
| Net
assets |
23,314.1 |
|
22,975.9 |
|
|
|
|
| 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 |
4,022.8 |
|
6,424.6 |
| Profit and loss
account |
6,471.3 |
|
4,451.3 |
| Total
shareholders' equity |
23,,314.1 |
|
22,975.9 | |
| Unaudited Profit &
Loss Account |
| for three months ended
31.3.2007 | |
|
3 months
ended
31
March
2007 |
|
3 Months
ended
31
March
2006 |
| |
RO.'000 |
|
RO.'000 |
| |
|
|
|
| Turnover/Revenue |
4,543.7 |
|
3,671.5 |
| |
|
|
|
| Gross profit |
2,907.7 |
|
2,165.8 |
|
|
|
|
| Depreciation |
(235.2) |
|
(222.1) |
| Administration & general
expenses |
(173.9) |
|
(108.0) |
| |
|
|
|
| Operating profit |
2,498.6 |
|
1,835.7
|
|
|
|
|
| Profit on disposal
of assets |
0.1 |
|
11.5 |
| Investment income |
315.6 |
|
244.5 |
| |
|
|
|
| Profit before franchise fee and taxation
|
2,814.3 |
|
2,091.7 |
|
|
|
|
| Provision for franchise fee * |
(1,176.3) |
|
(838.0) |
| Provision for
taxation |
(191.7) |
|
(145.7) |
| |
|
|
|
| Net profit attributable to ordinary
shareholders |
1,446.3 |
|
1,108.0 |
|
|
|
|
| Dividend per share |
NA |
|
NA |
|
|
|
|
| Net profit margin |
31.8% |
|
30.2% |
| * |
|
|
|
| Note: In view of
the ongoing negotiations for the renewal of the
Concession Agreement, |
|
the franchise fees and rent payable to the
Government has been based on the |
|
provisions of the Concession Agreement which
expired on 31.12.2006. |
| | |
