Latest Unaudited Results at 30th September 2008

    Audited Results at 31st December 2007

 

Balance Sheet at 30th September 2008                           Unaudited

 

               Particulars

Sep 2008

RO'000

Sep 2007

RO'000

 

Assets

 

 

 

Debtors arising from financing activities

64,661

45,862

 

Cash & Bank Balances

310

947

 

Other assets

759

703

 

 

--------------
65,730
--------------

--------------
47,512
--------------

 

Liabilities

 

 

 

Bank borrowings & Corporate Deposits

 39,339

 25,934

 

Trade creditors and other liabilities

11,678

 7,741

 

 

--------------

51,017

 --------------

33,675

 

Net Assets

 --------------
14,713

 ========

 --------------
13,837

========

 

Shareholders' funds

 

 

 

Share Capital 

 9,075

 8,250

 

Legal Reserve

 2,724

 2,500

 

Special reserve

 753

753

 

Retained profits

2,161

 2,334

 

 

--------------
14,713
--------------

--------------
13,287
--------------

 

 

Income Statement for the period ended  30th  September 2008

 

     

 

Particulars

Sep 2008

RO'000

 Sep 2007

RO'000

 

 

 

 

 

Lease and Interest income 

5,176 

4,015 

 

Interest expense

(1,278)
-----------

(1,025)
-----------

 

Net interest income

3,898 

2,990

 

Other  income 

229

200

 

Operating Expenses

 

Provision for Impairment

 (1,334)

 

(554)
--------------

 (925)

 

(344)
--------------

 

Profit before Taxation

 2,239 

1,921 

 

Provision for taxation

(262)

(228)

 


Net Profit for the Period

-------------
1,977
 ========

-------------
1,693
 ========

 

 

 


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

 

 

 

 

 

 

 

 


Copyright (c) 1998 Muscat Finance Co. Ltd. (SAOG)

All rights Reserved.