|
Balance Sheet at 31st December Audited
|
Particulars
|
2007
RO'000
(Audited)
|
2006
RO'000
(Audited)
|
|
|
ASSETS
|
|
|
|
|
Debtors
arising from financing activities
|
49,019
|
41,813
|
|
|
Cash &
Bank balances
|
911
|
706
|
|
|
Other assets
|
645
|
599
|
|
|
|
--------------
50,575
========
|
--------------
43,118
========
|
|
|
LIABILITIES
|
|
|
|
|
Bank
borrowings
|
24,148
|
22,660
|
|
|
Trade
creditors & other liabilities
|
12,041
|
7,189
|
|
|
Net Assets
|
--------------
36,189
--------------
14,386
========
|
--------------
29,849
--------------
13,269
========
|
|
|
Share holders' funds
|
|
|
|
|
Share
capital
|
8,250
|
7,500
|
|
|
Legal
reserve
|
2,724
|
2,499
|
|
|
Special
reserve
|
753
|
753
|
|
|
Retained
earnings
|
2,659
|
2,517
|
|
|
|
--------------
14,386
========
|
--------------
13,269
========
|
|
|
|
|
|
Income Statement for the year ended 31st December 2007
|
|
|
|
|
|
|
|
Particulars
|
2007
RO'000
(Audited)
|
2006
RO'000
(Audited)
|
|
|
|
|
|
|
|
Lease & Interest income
|
5,518
|
4,946
|
|
|
Interest expense
|
(1,407)
-----------
|
(1,036)
-----------
|
|
|
Net interest income
|
4,111
|
3,910
|
|
|
Other operating income
|
264
|
245
|
|
|
Provision for impairment
|
(487)
|
(404)
|
|
|
Other operating expenses
|
(1,279)
|
(1,292)
|
|
|
Proposed Directors Remuneration
|
(62)
|
(47)
|
|
|
Profit for the period
Taxation
|
--------------
2,547
(305)
--------------
|
--------------
2,412
(284)
--------------
|
|
|
Net Profit
|
2,242
========
|
2,128
========
|
|
|
Earning per share
|
R.O.
0.027
|
0.026
|
|
|
|
|
|
|
|