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2006_EN_OFR

2006_EN_OFR

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Published by Ahmed Kamil

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Published by: Ahmed Kamil on Feb 06, 2012
Copyright:Attribution Non-commercial

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02/16/2015

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ZAMIL INDUSTRIAL INVESTMENT COMPANY(JOINT STOCK COMPANY) AND ITS SUBSIDIARIESCONSOLIDATED FINANCIAL STATEMENTS31 DECEMBER 2006
 
Zamil Industrial Investment Company (Joint Stock Company) and its Subsidiaries
2
 CONSOLIDATED BALANCE SHEET
As At 31 December 2006
Note
2006SR 000
2005SR 000 
ASSETS EMPLOYED
 
PROPERTY, PLANT AND EQUIPMENT
3
444,321
342,958
INVESTMENTS
4
153,785
68,025
GOODWILL
5
27,730
4,754
DEFERRED CHARGES
6
10,260
10,830
CURRENT ASSETS
 Inventories 7
1,157,287
972,769Accounts receivable and prepayments 8
961,042
678,270Amounts due from related parties 9
20,855
10,120Cash and cash equivalents
161,572
131,387
2,300,756
1,792,546
CURRENT LIABILITIES
Notes and accounts payable and accruals 10
1,704,412
1,288,504Amounts due to related parties 9
10,611
5,830Advances from customers
188,396
71,418Bank overdrafts
-
3,850Short term loans 11
51,275
94,902Current portion of term loans 15
28,707
19,883
1,983,401
1,484,387
NET CURRENT ASSETS 317,355
308,159
953,451
734,726
FUNDS EMPLOYED
 
EQUITY
Share capital 13
450,000
350,000Statutory reserve 14
81,744
62,579Retained earnings
151,796
148,814Proposed cash dividends 16
67,500
-Unrealised gains on investments
-
34,525Translation loss on consolidation
(9,544 )
(8,403) 
741,496
587,515Minority interests 17
63,788
24,235
TOTAL EQUITY 805,284
611,750
NON CURRENT LIABILITIES
Term loans 15
58,225
48,940Long term payables
1,751
1,716Employees' terminal benefits
88,191
72,320 
148,167
122,976 
953,451
734,726
The attached notes 1 to 25 form part of these consolidated financial statements.

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