Comming Soon
Company Financials
NATIONAL COMPANY FOR CONSUMER INDUSTRIES - K.S.C. (CLOSED)
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2009
(All amounts are in Kuwaiti Dinars)
ASSETS |
Note |
|
2009 |
|
2008 |
Non-current assets: |
|
|
|
|
|
Fixed assets |
3 |
|
204,268 |
|
172,504 |
Right of utilization |
4 |
|
26,000 |
|
32,977 |
Goodwill |
|
|
445,423 |
|
445,423 |
Investment in an associate |
5 |
|
149,302 |
|
62,336 |
Investments available for sale |
6 |
|
3,808,978 |
|
3,939,108 |
|
|
|
4,633,971 |
|
4,652,348 |
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
Inventory |
|
|
182,578 |
|
125,944 |
Accounts receivable and other debit balances |
7 |
|
830,437 |
|
467,094 |
Due from a related party |
8 |
|
400,940 |
|
514,643 |
Wakala investment |
9 |
|
1,000,000 |
|
3,500,000 |
Term deposits |
10 |
|
750,000 |
|
- |
Cash and cash equivalents |
11 |
|
2,074,705 |
|
648,585 |
|
|
|
5,238,660 |
|
5,256,266 |
Total assets |
|
|
9,872,631 |
|
9,908,614 |
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
Equity: |
|
|
|
|
|
Share capital |
12 |
|
9,000,000 |
|
9,000,000 |
Statutory reserve |
13 |
|
667,745 |
|
667,745 |
Foreign currencies translation adjustments |
|
|
15,785 |
|
(981) |
Accumulated losses |
|
|
(229,585) |
|
(159,519) |
Total equity |
|
|
9,453,945 |
|
9,507,245 |
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
Term loan – non-current portion |
14 |
|
28,000 |
|
42,000 |
Provision for end of service indemnity |
15 |
|
27,853 |
|
16,441 |
|
|
|
55,853 |
|
58,441 |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Term loan – current portion |
14 |
|
14,000 |
|
14,000 |
Accounts payable and other credit balances |
16 |
|
348,833 |
|
328,928 |
|
|
|
362,833 |
|
342,928 |
Total liabilities |
|
|
418,686 |
|
401,369 |
Total equity and liabilities |
|
|
9,872,631 |
|
9,908,614 |
