Financial Management For Engineers F

inal Project

TEAM 5
ID Name No.
1740302 Abdullah Owied Alsehli 1
1740401 Ahmed Mohammed Daiban 2
1746301 Abdullah Alsaleem 3
1742519 Bassam Almograby 4
1741645 Ali Ibrahim Alshaer 5
1741669 Khalid Mosaed Alsammahi 6

Instructor
Dr. Ammar Yahya Alqahtani
 Agenda
1
Introduction
2
Financial Statements
3
Financial Ratios
4
Book Value & Market Value

5 Forecast Revenue & Net Income

6 Expected Earnings Per Share

7 Net of Operating Capital

8 Conclusion
Introduction
 Introduction
Tabuk Cement Company

312 900
1994 Employees million

Yamama Cement Company

781 2
1971
Employees Billions
 Introduction
Arabian Cement Company

531 1
1955 Employees Billion

Qassim Cement Company

650 900
1978
Employees Million
Financial Sta
tements
Financial Statements For Tabuk Cement
Company 2018
 Financial Statements
Tabuk Cement Co.
Income statement
For the year ended Dec. 31, 2018
                  Revenue 149,444,903.00
                  Cost of sales 173,037,194.00
                  Gross profit (loss) (23,592,291.00)
               Total operating income (23,592,291.00)
            Operating expenses  
               Selling and distribution expenses 3,353,166.00
               General and administrative expenses 17,954,578.00
               Other operating expenses 23,336,436.00
               Total operating expenses 44,644,180.00
            Operating profit (loss) (68,236,471.00)
         Finance costs 24,001,444.00
         Finance income 526,457.00
         Share of profit (loss) of joint ventures and associates  
         Other income (expenses), net (4,186,902.00)
         Profit (loss) before zakat and income tax from continuing operations (95,898,360.00)
         Zakat expenses on continuing operations for period 3,042,781.00
         Profit (loss) for period from continuing operations (98,941,141.00)
 Financial Statements
Tabuk Cement Co.
Statement of Return Earning
For the year ended Dec. 31, 2018
Statement of changes in equity  
   Equity balance at beginning of period (before adjustments) 1,151,076,734.00
   Adjustments for restatements 101,609,250.00
   Equity balance at beginning of period (after adjustments) 1,252,685,984.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period (98,941,141.00)
         Other comprehensive income 7,653,000.00
         Total comprehensive income (loss) for period (91,288,141.00)
      Total changes in shareholders equity (91,288,141.00)
   Equity balance at end of period 1,161,397,843.00
 Financial Statements
Tabuk Cement Co.
Balance sheet
For the year ended Dec. 31, 2018
   Assets  
      Current assets  
         Bank balances and cash 22,005,793.00
         Trade accounts receivable 10,743,024.00
         Inventories 283,088,827.00
         Total 315,837,644.00
         Total current assets 315,837,644.00
      Non-current assets  
         Property, plant and equipment 1,205,617,639.00
         Intangible assets other than goodwill, net 1,925,241.00
         Investment properties 79,881,137.00
         Investments in associates and joint ventures 270,958,000.00
         Other non-current assets  
         Total non-current assets 1,558,382,017.00
      Total assets 1,874,219,661.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans 78,561,537.00
            Trade accounts payables 67,233,948.00
            Dividends payable 124,810,175.00
            Provisions, current 10,523,880.00
            Other current liabilities  
            Total 281,129,540.00
            Total current liabilities 281,129,540.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 408,205,278.00
            Employees' terminal benefits 23,487,000.00
            Other non-current liabilities  
            Total non-current liabilities 431,692,278.00
         Total liabilities 712,821,818.00
      Equity  
         Shareholder's equity  
            Share capital 900,000,000.00
            Statutory Reserve 222,588,069.00
            Retained earnings (accumulated losses) (62,799,476.00)
            Other reserves  
               Asset revaluation reserve 101,609,250.00
               Total other reserves 101,609,250.00
            Equity attributable to owners of parent 1,161,397,843.00
         Total equity 1,161,397,843.00
      Total liabilities and equity 1,874,219,661.00
Financial Statements For Tabuk Cement
Company 2019
 Financial Statements
Tabuk Cement Co.
Income statement
For the year ended Dec. 31, 2019
                  Revenue 238,663,555.00
                  Cost of sales 184,084,981.00
                  Gross profit (loss) 54,578,574.00
               Total operating income 54,578,574.00
            Operating expenses  
               Selling and distribution expenses 8,526,180.00
               General and administrative expenses 18,711,045.00
               Other operating expenses (9,647,520.00)
               Total operating expenses 17,589,705.00
            Operating profit (loss) 36,988,869.00
         Finance costs 24,780,605.00
         Finance income 317,901.00
         Share of profit (loss) of joint ventures and associates 5,080,463.00
         Other income (expenses), net 5,917,122.00
         Profit (loss) before zakat and income tax from continuing operations 23,523,750.00
         Zakat expenses on continuing operations for period (666,050.00)
         Profit (loss) for period from continuing operations 24,189,800.00
 Financial Statements

Tabuk Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2019
Statement of changes in equity  
   Equity balance at beginning of period (before adjustments) 1,161,397,843.00
   Adjustments for restatements  
   Equity balance at beginning of period (after adjustments) 1,161,397,843.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period 24,189,800.00
         Other comprehensive income 1,906,630.00
         Total comprehensive income (loss) for period 26,096,430.00
      Total changes in shareholders equity 26,096,430.00
   Equity balance at end of period 1,187,494,273.00
 Financial Statements
Tabuk Cement Co.
Balance sheet
For the year ended Dec. 31, 2019
   Assets  
      Current assets  
         Bank balances and cash 14,104,701.00
         Trade accounts receivable 12,612,553.00
         Inventories 299,661,317.00
         Total 326,378,571.00
         Total current assets 326,378,571.00
      Non-current assets  
         Property, plant and equipment 1,127,243,138.00
         Intangible assets other than goodwill, net 4,205,434.00
         Investment properties 79,881,137.00
         Investments in associates and joint ventures 270,958,000.00
         Other non-current assets 5,256,830.00
         Total non-current assets 1,487,544,539.00
      Total assets 1,813,923,110.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans 95,206,325.00
            Trade accounts payables 71,044,170.00
            Dividends payable 124,636,545.00
            Provisions, current 4,018,930.00
            Other current liabilities 1,645,854.00
            Total 296,551,824.00
            Total current liabilities 296,551,824.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 309,420,556.00
            Employees' terminal benefits 16,852,045.00
            Other non-current liabilities 3,604,412.00
            Total non-current liabilities 329,877,013.00
         Total liabilities 626,428,837.00
      Equity  
         Shareholder's equity  
            Share capital 900,000,000.00
            Statutory Reserve 222,588,069.00
            Retained earnings (accumulated losses) (36,703,046.00)
            Other reserves  
               Asset revaluation reserve 101,609,250.00
               Total other reserves 101,609,250.00
            Equity attributable to owners of parent 1,187,494,273.00
         Total equity 1,187,494,273.00
      Total liabilities and equity 1,813,923,110.00
Financial Statements For Yamama
Cement Company 2018
 Financial Statements
Yamama Cement Co.
Income statement
For the year ended Dec. 31, 2018
                  Revenue 521,216,534.00
                  Cost of sales 487,128,143.00
                  Gross profit (loss) 34,088,391.00
               Total operating income 34,088,391.00
            Operating expenses  
               Selling and distribution expenses 8,264,126.00
               General and administrative expenses 54,012,567.00
               Other operating expenses 62,276,693.00
               Total operating expenses (28,188,302.00)
            Operating profit (loss) 4,461,010.00
         Finance costs 8,132,031.00
         Finance income 34,410,005.00
         Other income (expenses), net 1,835,111.00
         Profit (loss) before zakat and income tax from continuing operations (51,840,377.00)
         Zakat expenses on continuing operations for period 5,886,606.00
         Profit (loss) for period from continuing operations (20,218,052.00)
      Profit (loss) for period (66,171,823.00)
 Financial Statements

Yamama Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2018
   Equity balance at beginning of period (before adjustments) 3,437,438,961.00
   Adjustments for restatements (2,168,384.00)
   Equity balance at beginning of period (after adjustments) 3,435,270,577.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period (66,171,823.00)
         Total comprehensive income (loss) for period (66,171,823.00)
      Total changes in shareholders equity (66,171,823.00)
   Equity balance at end of period 3,369,098,754.00
 Financial Statements
Yamama Cement Co.
Balance sheet
For the year ended Dec. 31, 2018
   Assets  
      Current assets  
         Bank balances and cash 117,394,918.00
         Trade accounts receivable 215,055,331.00
         Other receivables 49,148,070.00
         Due from related parties 3,450,000.00
         Inventories 588,531,465.00
         Other current assets 179,473,438.00
         Total 1,153,053,222.00
         Total current assets 1,153,053,222.00
      Non-current assets  
         Property, plant and equipment 3,759,154,705.00
         Intangible assets other than goodwill, net 1,165,650.00
         Investments in associates and joint ventures 29,193,285.00
         Financial assets at fair value through other comprehensive income 365,101,488.00
         Total non-current assets 4,154,615,128.00
      Total assets 5,307,668,350.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans  
            Trade accounts payables 74,361,842.00
            Other accounts payables 20,409,537.00
            Due to related parties 594,115.00
            Zakat payable 34,909,794.00
            Dividends payable 77,856,719.00
            Total 208,132,007.00
            Total current liabilities 208,132,007.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 1,650,831,750.00
            Employees' terminal benefits 79,605,839.00
            Total non-current liabilities 1,730,437,589.00
         Total liabilities 1,938,569,596.00
      Equity  
         Shareholder's equity  
            Share capital 2,025,000,000.00
            Statutory Reserve 726,883,763.00
            General Reserve 579,936,772.00
            Retained earnings (accumulated losses) 58,096,271.00
            Other reserves  
               Miscellaneous other reserves (20,818,052.00)
               Total other reserves (20,818,052.00)
            Equity attributable to owners of parent 3,369,098,754.00
         Total equity 3,369,098,754.00
      Total liabilities and equity 5,307,668,350.00
Financial Statements For Yamama
Cement Company 2019
 Financial Statements
Yamama Cement Co.
Income statement
For the year ended Dec. 31, 2019
                  Revenue 801,880,549.00
                  Cost of sales 465,254,510.00
                  Gross profit (loss) 336,626,039.00
               Total operating income 336,626,039.00
            Operating expenses  
               Selling and distribution expenses 8,385,671.00
               General and administrative expenses 59,157,265.00
               Total operating expenses 67,542,936.00
            Operating profit (loss) 269,083,103.00
         Other income (expenses), net 1,397,310.00
         Investments income 15,854,884.00
         Estimated Zakat 30,000,000.00
         Provision for doubtful debts  
         Profit (loss) before zakat and income tax from continuing operations 256,335,297.00
         Remeasurement for end of service provision (10,585,663.00)
         Financial assets at fair value through lose or profit other comprehensive income 32,499,508.00
         Profit (loss) for period from continuing operations 278,249,142.00
 Financial Statements

Yamama Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2019
   Equity balance at beginning of period (before adjustments) 3,369,098,754.00
   Adjustments for restatements (6,857,029.00)
   Equity balance at beginning of period (after adjustments) 3,362,241,725.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period 278,249,142.00
         Total comprehensive income (loss) for period 278,249,142.00
      Total changes in shareholders equity 278,249,142.00
   Equity balance at end of period 3,640,490,867.00
 Financial Statements
Yamama Cement Co.
Balance sheet
For the year ended Dec. 31, 2019
   Assets  
      Current assets  
         Bank balances and cash 73,519,154.00
         Trade accounts receivable 247,509,572.00
         Other receivables 28,622,941.00
         Due from related parties 389,070.00
         Inventories 612,506,806.00
         Other current assets 127,827,382.00
         Total 1,090,374,925.00
         Total current assets 1,090,374,925.00
      Non-current assets  
         Property, plant and equipment 4,043,608,308.00
         Intangible assets other than goodwill, net 928,567.00
         Investments in associates and joint ventures 32,993,285.00
         Financial assets at fair value through other comprehensive income 397,600,995.00
         Total non-current assets 4,475,131,155.00
      Total assets 5,565,506,080.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans 79,012,678.00
            Trade accounts payables 65,134,862.00
            Other accounts payables 11,912,954.00
            Due to related parties  
            Zakat payable 28,246,534.00
            Dividends payable 72,643,603.00
            Total 256,950,631.00
            Total current liabilities 256,950,631.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 1,571,819,072.00
            Employees' terminal benefits 96,245,510.00
            Total non-current liabilities 1,668,064,582.00
         Total liabilities 1,925,015,213.00
      Equity  
         Shareholder's equity  
            Share capital 2,025,000,000.00
            Statutory Reserve 726,883,763.00
            General Reserve 579,936,772.00
            Retained earnings (accumulated losses) 296,988,876.00
            Other reserves  
               Miscellaneous other reserves 11,681,456.00
               Total other reserves 11,681,456.00
            Equity attributable to owners of parent 3,640,490,867.00
         Total equity 3,640,490,867.00
      Total liabilities and equity 5,565,506,080
Financial Statements For Arabian
Cement Company 2018
 Financial Statements
Arabian Cement Co.
Income statement
For the year ended Dec. 31, 2018
                  Revenue 600,725.00
                  Cost of sales 562,886.00
                  Gross profit (loss) 37,839.00
               Total operating income 37,839.00
            Operating expenses  
               Selling and distribution expenses 7,742.00
               General and administrative expenses 60,120.00
               Other operating expenses -
               Total operating expenses 67,862.00
            Operating profit (loss) (30,023.00)
         Finance costs 34,207.00
         Share of profit (loss) of joint ventures and associates (3,399.00)
         Other income (expenses), net 27,823.00
         Profit (loss) before zakat and income tax from continuing operations (39,806.00)
         Zakat expenses on continuing operations for period 15,135.00
         Income tax on continuing operations for period (18,553.00)
         Profit (loss) for period from continuing operations (36,388.00)
 Financial Statements

Arabian Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2018
   Equity balance at beginning of period (before adjustments) 3,030,108.00
   Adjustments for restatements (3,358.00)
   Equity balance at beginning of period (after adjustments) 3,026,750.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period (36,388.00)
         Other comprehensive income (25,035.00)
         Total comprehensive income (loss) for period (61,423.00)
      Interim dividend paid 100,000.00
      Other miscellaneous changes in equity (3,111.00)
      Total changes in shareholders equity (164,534.00)
   Equity balance at end of period 2,862,216.00
 Financial Statements
Arabian Cement Co.
Balance sheet
For the year ended Dec. 31, 2018
   Assets  
      Current assets  
         Bank balances and cash 66,214.00
         Short-term deposits 120,000.00
         Trade accounts receivable 216,699.00
         Other receivables 10,546.00
         Prepayments 2,630.00
         Derivative financial instruments/ assets, current 979.00
         Inventories 470,392.00
         Total 887,460.00
         Total current assets 887,460.00
      Non-current assets  
         Property, plant and equipment 2,457,168.00
         Intangible assets other than goodwill, net 17,776.00
         Investment properties 5,700.00
         Investments in associates and joint ventures 113,035.00
         Deferred tax assets 26,265.00
         Other non-current assets 78,675.00
         Total non-current assets 2,698,619.00
      Total assets 3,586,079.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans 64,495.00
            Trade accounts payables 66,711.00
            Other accounts payables 24,854.00
            Accrued expenses 43,957.00
            Finance lease, current -
            Advances from customers 4,347.00
            Zakat payable 20,426.00
            Dividends payable 15,324.00
            Total 240,114.00
            Total current liabilities 240,114.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 428,123.00
            Employees' terminal benefits 55,626.00
            Finance leases, non-current -
            Total non-current liabilities 483,749.00
         Total liabilities 723,863.00
      Equity  
         Shareholder's equity  
            Share capital 1,000,000.00
            Share premium 293,565.00
            Statutory Reserve 500,000.00
            General Reserve 95,000.00
            Retained earnings (accumulated losses) 882,554.00
            Other reserves  
               Reserve of exchange differences on translation (561.00)
               Miscellaneous other reserves 20,771.00
               Total other reserves 20,210.00
            Equity attributable to owners of parent 2,791,329.00
         Non-controlling interests 70,887.00
         Total equity 2,862,216.00
      Total liabilities and equity 3,586,079.00
Financial Statements For Arabian
Cement Company 2019
 Financial Statements
Arabian Cement Co.
Income statement
For the year ended Dec. 31, 2019
                  Revenue 781,970.00
                  Cost of sales 466,260.00
                  Gross profit (loss) 315,710.00
               Total operating income 315,710.00
            Operating expenses  
               Selling and distribution expenses 11,671.00
               General and administrative expenses 47,281.00
               Other operating expenses (51,887.00)
               Total operating expenses 7,065.00
            Operating profit (loss) 308,645.00
         Finance costs 34,354.00
         Share of profit (loss) of joint ventures and associates (6,483.00)
         Other income (expenses), net (36,864.00)
         Profit (loss) before zakat and income tax from continuing operations 230,944.00
         Zakat expenses on continuing operations for period 17,576.00
         Income tax on continuing operations for period 820.00
         Profit (loss) for period from continuing operations 212,548.00
 Financial Statements

Arabian Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2019
   Equity balance at beginning of period (before adjustments) 2,862,216.00
   Adjustments for restatements  
   Equity balance at beginning of period (after adjustments) 2,862,216.00
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period 212,548.00
         Other comprehensive income 57,964.00
         Total comprehensive income (loss) for period 270,512.00
      Interim dividend paid 175,000.00
      Other miscellaneous changes in equity  
      Total changes in shareholders equity 95,512.00
   Equity balance at end of period 2,957,728.00
 Financial Statements
Arabian Cement Co.
Balance sheet
For the year ended Dec. 31, 2019
   Assets  
      Current assets  
         Bank balances and cash 63,899.00
         Short-term deposits 80,000.00
         Trade accounts receivable 231,165.00
         Other receivables 7,293.00
         Prepayments 2,512.00
         Derivative financial instruments/ assets, current 3.00
         Inventories 580,238.00
         Total 965,110.00
         Total current assets 965,110.00
      Non-current assets  
         Property, plant and equipment 2,433,677.00
         Intangible assets other than goodwill, net 16,644.00
         Investment properties 5,700.00
         Investments in associates and joint ventures 57,442.00
         Deferred tax assets 25,445.00
         Other non-current assets 142,906.00
         Total non-current assets 2,681,814.00
      Total assets 3,646,924.00
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Current portion of long term loans 89,090.00
            Trade accounts payables 81,968.00
            Other accounts payables 23,010.00
            Accrued expenses 48,671.00
            Finance lease, current 639.00
            Advances from customers 20,318.00
            Zakat payable 22,345.00
            Dividends payable 15,179.00
            Total 301,220.00
            Total current liabilities 301,220.00
         Non-current liabilities  
            Debt securities, term loans, borrowings and sukuks in issue 330,571.00
            Employees' terminal benefits 52,629.00
            Finance leases, non-current 4,776.00
            Total non-current liabilities 387,976.00
         Total liabilities 689,196.00
      Equity  
         Shareholder's equity  
            Share capital 1,000,000.00
            Share premium 293,565.00
            Statutory Reserve 500,000.00
            General Reserve 95,000.00
            Retained earnings (accumulated losses) 915,415.00
            Other reserves  
               Reserve of exchange differences on translation (561.00)
               Miscellaneous other reserves 79,590.00
               Total other reserves 79,029.00
            Equity attributable to owners of parent 2,883,009.00
         Non-controlling interests 74,719.00
         Total equity 2,957,728.00
      Total liabilities and equity 3,646,924.00
Financial Statements For Qassim
Cement Company 2018
 Financial Statements
Qassim Cement Co.
Income statement
For the year ended Dec. 31, 2018
                  Revenue 425,729.46
                  Cost of sales 285,377.79
                  Gross profit (loss) 140,351.67
               Total operating income 140,351.67
            Operating expenses  
               Selling and distribution expenses 9,466.47
               General and administrative expenses 19,001.52
               Total operating expenses 28,467.99
            Operating profit (loss) 111,883.68
         Finance costs 1,763.20
         Other income (expenses), net 24,927.20
         Profit (loss) before zakat and income tax from continuing operations 135,047.68
         Zakat expenses on continuing operations for period 14,249.47
         Profit (loss) for period from continuing operations 120,798.21
 Financial Statements

Qassim Cement Co.

Statement of Return Earning
For the year ended Dec. 31, 2018
   Equity balance at beginning of period (before adjustments) 1,744,205.32
   Equity balance at beginning of period (after adjustments) 1,744,205.32
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period 120,798.21
         Other comprehensive income 1,932.88
         Total comprehensive income (loss) for period 122,731.09
      Transfer to general reserve -
      Interim dividend paid  
      Final dividend paid 229,500.00
      Total changes in shareholders equity (106,768.91)
   Equity balance at end of period 1,637,436.41
 Financial Statements
Qassim Cement Co.
Balance sheet
For the year ended Dec. 31, 2018
   Assets  
      Current assets  
         Bank balances and cash 89,585.66
         Short-term deposits 530,000.00
         Financial assets, current 66,333.47
         Trade accounts receivable 40,861.40
         Prepayments 9,424.24
         Inventories 340,531.40
         Total 1,076,736.17
         Total current assets 1,076,736.17
      Non-current assets  
         Financial assets, non-current 34,166.99
         Property, plant and equipment 778,267.95
         Investment properties 9,516.45
         Total non-current assets 821,951.39
      Total assets 1,898,687.56
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Trade accounts payables 16,916.23
            Accrued expenses 68,980.38
            Zakat payable 23,330.75
            Dividends payable 107,470.85
            Provisions, current 3,010.53
            Total 219,708.74
            Total current liabilities 219,708.74
         Non-current liabilities  
            Employees' terminal benefits 31,549.14
            Other non-current liabilities 9,993.26
            Total non-current liabilities 41,542.41
         Total liabilities 261,251.14
      Equity  
         Shareholder's equity  
            Share capital 900,000.00
            Statutory Reserve 270,000.00
            Retained earnings (accumulated losses) 465,599.84
            Other reserves  
               Accumulated changes in other comprehensive income 1,836.57
               Total other reserves 1,836.57
         Total equity 1,637,436.41
      Total liabilities and equity 1,898,687.56
Financial Statements For Qassim
Cement Company 2019
 Financial Statements
Qassim Cement Co.
Income statement
For the year ended Dec. 31, 2019
                  Revenue 791,793.487
                  Cost of sales 365,350.544
                  Gross profit (loss) 426,442.943
               Total operating income 426,442.943
            Operating expenses  
               Selling and distribution expenses 25,227.012
               General and administrative expenses 21,227.058
               Total operating expenses 46,454.07
            Operating profit (loss) 379,988.873
         Finance costs 1,025.374
         Other income (expenses), net 6,371.596
         Profit (loss) before zakat and income tax from continuing operations 385,335.095
         Zakat expenses on continuing operations for period 24,600
         Profit (loss) for period from continuing operations 360,735.095
 Financial Statements
Qassim Cement Co.
Statement of Return Earning
For the year ended Dec. 31, 2019
   Equity balance at beginning of period (before adjustments) 1,637,436.41
   Equity balance at beginning of period (after adjustments) 1,637,436.41
   Changes in equity  
      Comprehensive income  
         Profit (loss) for period 360,735.10
         Other comprehensive income (2,523.92)
         Total comprehensive income (loss) for period 358,211.18
      Transfer to general reserve  
      Interim dividend paid 211,500.00
      Final dividend paid  
      Total changes in shareholders equity 146,711.18
   Equity balance at end of period 1,784,147.59
 Financial Statements
Qassim Cement Co.
Balance sheet
For the year ended Dec. 31, 2019
   Assets  
      Current assets  
         Bank balances and cash 62,445.10
         Short-term deposits 230,129.20
         Financial assets, current 468,075.99
         Trade accounts receivable 32,436.67
         Prepayments 13,492.72
         Inventories 339,154.82
         Total 1,145,734.50
         Total current assets 1,145,734.50
      Non-current assets  
         Financial assets, non-current 167,027.50
         Property, plant and equipment 734,392.56
         Investment properties 9,516.45
         Total non-current assets 910,936.51
      Total assets 2,056,671.02
   Liabilities and equity
Financial Statements  
      Liabilities  
         Current liabilities  
            Trade accounts payables 16,427.50
            Accrued expenses 76,297.72
            Zakat payable 25,282.44
            Dividends payable 63,671.20
            Provisions, current 44,281.86
            Total 225,960.73
            Total current liabilities 225,960.73
         Non-current liabilities  
            Employees' terminal benefits 35,544.06
            Other non-current liabilities 11,018.64
            Total non-current liabilities 46,562.70
         Total liabilities 272,523.43
      Equity  
         Shareholder's equity  
            Share capital 900,000.00
            Statutory Reserve 270,000.00
            Retained earnings (accumulated losses) 614,834.94
            Other reserves  
               Accumulated changes in other comprehensive income (687.35)
               Total other reserves (687.35)
         Total equity 1,784,147.59
      Total liabilities and equity 2,056,671.02
Financial Rati
os
 Financial Ratios

Tabuk Cement Company

  2018 2019
Profit Margin -66.2% 10.1%
ROA -5% 1%
ROE -8.52% 2.04%
A/R Turnover 13.91 18.92
Inventory Turnover 0.53 0.80
Total Assets Turnover 0.08 0.13
Fixed Assets Turnover 0.10 0.16
Current Ratio 1.12 1.10
Quick Ratio 0.116490131 0.090093035
Debt Ratio 0.3803 0.3453
 Financial Ratios
Yamama Cement Company
  2018 2019
Profit Margin -3.9% 34.7%
ROA 0% 5%
ROE -0.60% 7.64%
A/R Turnover 2.42 3.24
Inventory Turnover 0.89 1.31
Total Assets Turnover 0.10 0.14
Fixed Assets Turnover 0.13 0.18
Current Ratio 5.54 4.24
Quick Ratio 2.712325534 1.859766279
Debt Ratio 0.3652 0.3459
 Financial Ratios
Arabian Cement Company
  2018 2019
Profit Margin -6.1% 27.2%
ROA -1% 6%
ROE -1.27% 7.19%
A/R Turnover 2.77 3.38
Inventory Turnover 1.28 1.35
Total Assets Turnover 0.17 0.21
Fixed Assets Turnover 0.22 0.29
Current Ratio 3.70 3.20
Quick Ratio 1.736958278 1.277710643
Debt Ratio 0.2019 0.1890
 Financial Ratios
Qassim Cement Company
  2018 2019
Profit Margin 28.4% 45.6%
ROA 6% 18%
ROE 7.38% 20.22%
A/R Turnover 10.42 24.41
Inventory Turnover 1.25 2.33
Total Assets Turnover 0.22 0.38
Fixed Assets Turnover 0.52 0.87
Current Ratio 4.90 5.07
Quick Ratio 3.350821532 3.569556849
Debt Ratio 0.1376 0.1325
Book Value
& Market Val
ue
 Book Value & Market Value
Tabuk Cement Company

  Equtiy Prefeered Common book value market value ratio

2018 1,161,397,843 90,000,000 12.9044205 12.88 0.998108
    NA        
2019 1,187,494,273 90,000,000 13.1943808 15.8 1.197479

Yamama Cement Company

  Equtiy Prefeered Common book value market value ratio

2018 3,369,098,754 202,500,000 16.64 13 0.781366
    NA        
2019 3,640,490,867 202,500,000 17.98 25.91 1.441227
 Book Value & Market Value
Arabian Cement Company

  Equtiy prefeered common book value market value ratio

2018 279,331,000 10,000,000 27.93 13.10 0.468978
    NA        
2019 295,772,800 10,000,000 29.58 26.60 0.899339

Qassim Cement Company

  Equtiy Prefeered common book value market value  ratio

2018 1,637,436,411 90,000,000 18.19 32.15 1.767092
    NA        
2019 1,784,147,586 90,000,000 19.82 66.1 3.334365
Forecast Reve
nue & Net Inc
ome
 Forecast Revenue & Net Income
Revenue
Year Q\Company Qassim Yamamah Tabuk Arabian
Q1 147,909,000 141,152,000 46,735,000 199,748,000
Q2 88,052,000 111,993,000 41,286,000 107,813,000
2018
Q3 74,363,000 107,711,800 25,863,000 117,864,000
Q4 140,351,000 308,640,800 35,560,000 175,300,000
Q1 153,400,000 213,880,000 52,770,000 189,130,000
Q2 154,530,000 165,330,000 61,500,000 164,640,000
2019
Q3 190,170,000 186,500,000 58,460,000 193,460,000
Q4 293,690,000 235,160,000 66,280,000 234,720,000
Q1 155,308,125 183,795,950 48,556,750 172,834,375
Q2 156,233,016 189,126,444 48,784,469 169,470,172
2020
Q3 164,755,643 198,768,124 49,721,777 177,177,318
Q4 176,054,723 210,150,165 52,704,125 184,591,483
 Forecast Revenue & Net Income
Net Income
Year Q\Company Qassim Yamamah Tabuk Arabian
Q1 57,175,000 23,842,000 (11,226,000) (8,838,000)
Q2 21,379,000 36,253,000 (36,076,000) (57,811,000)
2018
Q3 5,683,000 46,379,000 (19,187,000) 15,605,000
Q4 38,494,000 54,634,000 (56,594,850) 14,656,000
Q1 56,020,000 70,630,000 (3,630,000) 34,772,000
Q2 70,460,000 53,170,000 (8,980,000) 37,340,000
2019
Q3 90,170,000 54,730,000 (4,030,000) 60,600,000
Q4 144,090,000 77,800,000 (6,550,000) 73,630,000
Q1 60,433,875 52,179,750 (18,284,231) 21,244,250
Q2 60,841,234 55,721,969 (19,166,510) 25,004,531
2020
Q3 65,774,014 58,155,590 (17,052,824) 35,356,473
Q4 73,285,390 59,627,664 (16,786,052) 37,825,407
 Forecast Revenue & Net Income
Qassim Yamamah Tabuk Arabian
Total 2018 Revenue
450,675,000 669,497,600 149,444,000 600,725,000
Qassim Yamamah Tabuk Arabian
Total 2019 Revenue
791,790,000 800,870,000 239,010,000 781,950,000
Qassim Yamamah Tabuk Arabian
Total forecasted Revenue
652,351,506 781,840,683 199,767,121 704,073,348
Qassim Yamamah Tabuk Arabian
Total 2018 net income
122,731,000 161,108,000 (123,083,850) (36,388,000)
Qassim Yamamah Tabuk Arabian
Total 2019 net income
360,740,000 256,330,000 (23,190,000) 206,342,000
Qassim Yamamah Tabuk Arabian
Total forecasted net income
260,334,513 225,684,972 (71,289,617) 119,430,661
 Forecast Revenue & Net Income
400,000,000 900,000,000

800,000,000
300,000,000
700,000,000
TOTAL NET INCOME

200,000,000 600,000,000

total Revenue
500,000,000
100,000,000
400,000,000

- 300,000,000

200,000,000
(100,000,000)
100,000,000

(200,000,000) -
2018 2019 2020
2018 2019 2020

Qassim Yamamah Tabuk Arabian Qassim Yamamah Tabuk Arabian

 Expected
Earnings Per
Share
 Expected Earnings Per Share
Earning Per Share

Year/Company Qassim Yamamah Tabuk Arabian

2018 1.36 0.79 (1.37) (3.64)

2019 4.01 1.27 (0.26) 20.63

2020 2.89 1.11 (0.79) 11.94

Net of
Operating
Capital
 Net of Operating Capital
Tabuk Cement Company
Tabuk Company 2018 2019
Current Assets 315,837,644 326,378,571
Current Liabilities 281,129,540 296,551,824
Fixed Assets 1,558,382,017 1,487,544,539
Net Operating Working Capital 29,826,747 
Total net operating Capital 1,517,371,286 

Yamama Cement Company

Yamama Company 2018 2019

Current Assets 1,153,053,222 1,090,374,925
Current Liabilities 208,132,007 265,950,631
Fixed Assets 4,154,615,128 4,475,131,155
Net Operating Working Capital 824,424,294 
Total net operating Capital 5,299,555,449 
 Net of Operating Capital
Arabian Cement Company
Arabian Company 2018 2019
Current Assets 887,460,000 965,110,000
Current Liabilities 240,114,000 301,220,000
Fixed Assets 2,698,619,000 2,681,814,000
Net Operating Working Capital 663,890,000
Total net operating Capital 3,345,704,000  

Qassim Cement Company

Qassim Company 2018 2019

Current Assets 1,076,736,168 1,145,734,503
Current Liabilities 219,708,738 225,960,733
Fixed Assets 821,951,387 910,936,512
Net Operating Working Capital 919,773,770 
Total net operating Capital 1,830,710,282 
Conclusion
 Conclusion
Most attractive to buy
Rank by least fluctuation
1 Tabuk
2 Arabian
3 Yamamah
4 Qassim
Rank by most arrtactive ratio
1 Arabian 2018
2 Yamamah 2018
3 Arabian 2019
4 Tabuk 2018
5 Tabuk 2019
6 Yamamah 2019
7 Qassim 2018
8 Qassim 2019
Thank you