A. Compute the following ratios for each year (TWO years).

Liquidity Ratios minimum of two ratios

Profitability Ratios minimum of two ratios

Efficiency Ratios minimum of two ratios

Capital Structure Ratios (Gearing) minimum of two ratios

Market Ratios (dividend, PE etc.) minimum of two ratios

B. Critically review the Literature about features of Ratio Analysis and the specific ratios used in your above calculations.

C. Based on the above computations and literature review about the ratio analysis technique and ratios used in the calculations; analyse the liquidity, profitability and efficiency position of the company including specific LR to be used for benchmarking/ comparison with similar industry across the globe/GCC etc and use figures/ graphs to support your analysis.)

D. Based on the above computations and literature review about the ratio analysis technique and ratios used in the calculations; analyse the Capital structure ratios and market ratios of the company including specific LR to be used for benchmarking/ comparison with similar industry across the globe/GCC etc and use figures/ graphs to support your analysis.

E. Based on the analysis, apply your understanding and suggest THREE recommendations to improve companys performance in stock market and to make strategies and policies to compete with key market players. Justify your recommendations with literature review.

6 Oman Refreshment Company SAOG and its Subsidiaries Parent company and consolidated statement of financial position as at 31 December 2020 Notes Parent Consolidated 2020 2019 2020 2019 RO RO RO RO Assets Non-current assets Property. plant and equipment 5 26,804,459 26,686,865 27,014,287 26,922,344 Intangible assets 613,714 663,714 Right-of-use assets 7 11,845 23.690 11,845 23,690 Investment in subsidiary companies 8 730,000 730,000 Deferred tax asset 24 132,698 289,360 132,698 289,360 Term deposits 23,901,720 7,000,000 23,901,720 7,000,000 Financial assets at fair value through profit or loss 10 13,765 13,765 13,765 13,765 Total non-current assets 51,594,487 34,743,680 51,688,029 34,912.873 Current assets Inventories 6,677,934 6,160,293 6,763,483 6,299.719 Trade receivables 12 6,103,930 6,129,276 6,281,170 6,323,931 Other receivables 13 4,916,616 5,352,955 4,214,708 4,569,077 Other current assets 14 3,256,830 1,183,014 3,294,382 1,191,201 Advance for property, plant and equipment 15 280,952 280,952 Term deposits 16,930,385 25,500,000 16,930,385 25,500,000 Cash and cash equivalents 16 11,821,985 6,614,936 11,890,039 6,853,121 9 9 Total current assets 49,707,680 51,221,426 49,374,167 51,018,001 Total assets 101,302,167 85,965,106 101,062,196 85,930.874 RO 18 Oman Refreshment Company SAOG and its subsidiaries 7 Parent company and consolidated statement of financial position as at 31 December 2020 (continued) Parent Consolidated Notes 2020 2019 2020 2019 RO RO RO Equity and liabilities Equity Share capital 17 5,000,000 5.000.000 5,000,000 5,000,000 Legal reserve 1,666,667 1,666,667 1,668,770 1,668,770 General reserve 19 2,500,000 2,500,000 2,500,000 2,500,000 Retained earnings 60,070,222 53,889,305 59,971,025 53,885.827 Total equity 69,236,889 63,055,972 69,139,795 63,054,597 Liabilities Non-current liabilities Tenn loans 20 2,731,780 5,308.971 2,731,780 5,308.971 Lease liabilities 21 11,845 11,845 Employees' end of service benefits 22 1,268,239 1,492.496 1,272,862 1,494,733 Total non-current liabilities 4,000,019 6,813,312 4,004,642 6,815.549 Current liabilities Term loans 20 7,656,154 2,654,486 7,656,154 2.654.486 Lease liabilities 21 11,845 11.845 11,845 11,845 Trade and other payables 23 18,981,754 12,136,646 18,837,651 12,093,100 Provision for income tax 24 1,415,506 1.292,845 1,412,109 1.301,297 Total current liabilities 28,065,259 16,095,822 27,917,759 16,060,728 Total liabilities 32,065,278 22,909.134 31,922,401 22,876,277 Total equity and liabilities 101,302,167 85,965,106 101,062,196 85,930.874 Net assets per share 33 1.385 1.261 1.383 1.261 Oman Refreshment Company SAOG and its Subsidiaries 8 Parent company and consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2020 Parent Consolidated 2020 2019 2020 2019 Notes RO RO RO RO Revenue 34 63,441,144 63,169,098 63,962,261 63,765,515 Cost of sales 25 (36,645,125) (37,807,677) (36,986,326) (38,182,855) Gross profit 26,796,019 25,361,421 26,975,935 25,582,660 Selling and distribution expenses 26 (13,977,285) (12,969,415) (14,207,084) (13,156,557) General and administrative expenses 27 (3,604,275) (3,595,008) (3,644,713) (3,632,368) Impairment loss on financial assets (499,721) (127,240) (502,569) (127,240) Other income 29 83,391 86,546 83,391 97,687 Finance income (net) 30 1,447,941 1,171,483 1,447,941 1,171,483 Profit before income tax 10,246,070 9,927,787 10,152,901 9,935,665 Income tax 24 (1,565,153) (1,465,220) (1,567,703) (1,479,619) 8,680,917 8,462,567 8,585,198 8,456,046 Profit and total comprehensive income for the year Basic and diluted earnings per share attributable to equity holders of the parent company 32 0.174 0.169 0.172 0.169 6 Oman Refreshment Company SAOG and its Subsidiaries Parent company and consolidated statement of financial position as at 31 December 2020 Notes Parent Consolidated 2020 2019 2020 2019 RO RO RO RO Assets Non-current assets Property. plant and equipment 5 26,804,459 26,686,865 27,014,287 26,922,344 Intangible assets 613,714 663,714 Right-of-use assets 7 11,845 23.690 11,845 23,690 Investment in subsidiary companies 8 730,000 730,000 Deferred tax asset 24 132,698 289,360 132,698 289,360 Term deposits 23,901,720 7,000,000 23,901,720 7,000,000 Financial assets at fair value through profit or loss 10 13,765 13,765 13,765 13,765 Total non-current assets 51,594,487 34,743,680 51,688,029 34,912.873 Current assets Inventories 6,677,934 6,160,293 6,763,483 6,299.719 Trade receivables 12 6,103,930 6,129,276 6,281,170 6,323,931 Other receivables 13 4,916,616 5,352,955 4,214,708 4,569,077 Other current assets 14 3,256,830 1,183,014 3,294,382 1,191,201 Advance for property, plant and equipment 15 280,952 280,952 Term deposits 16,930,385 25,500,000 16,930,385 25,500,000 Cash and cash equivalents 16 11,821,985 6,614,936 11,890,039 6,853,121 9 9 Total current assets 49,707,680 51,221,426 49,374,167 51,018,001 Total assets 101,302,167 85,965,106 101,062,196 85,930.874 RO 18 Oman Refreshment Company SAOG and its subsidiaries 7 Parent company and consolidated statement of financial position as at 31 December 2020 (continued) Parent Consolidated Notes 2020 2019 2020 2019 RO RO RO Equity and liabilities Equity Share capital 17 5,000,000 5.000.000 5,000,000 5,000,000 Legal reserve 1,666,667 1,666,667 1,668,770 1,668,770 General reserve 19 2,500,000 2,500,000 2,500,000 2,500,000 Retained earnings 60,070,222 53,889,305 59,971,025 53,885.827 Total equity 69,236,889 63,055,972 69,139,795 63,054,597 Liabilities Non-current liabilities Tenn loans 20 2,731,780 5,308.971 2,731,780 5,308.971 Lease liabilities 21 11,845 11,845 Employees' end of service benefits 22 1,268,239 1,492.496 1,272,862 1,494,733 Total non-current liabilities 4,000,019 6,813,312 4,004,642 6,815.549 Current liabilities Term loans 20 7,656,154 2,654,486 7,656,154 2.654.486 Lease liabilities 21 11,845 11.845 11,845 11,845 Trade and other payables 23 18,981,754 12,136,646 18,837,651 12,093,100 Provision for income tax 24 1,415,506 1.292,845 1,412,109 1.301,297 Total current liabilities 28,065,259 16,095,822 27,917,759 16,060,728 Total liabilities 32,065,278 22,909.134 31,922,401 22,876,277 Total equity and liabilities 101,302,167 85,965,106 101,062,196 85,930.874 Net assets per share 33 1.385 1.261 1.383 1.261 Oman Refreshment Company SAOG and its Subsidiaries 8 Parent company and consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2020 Parent Consolidated 2020 2019 2020 2019 Notes RO RO RO RO Revenue 34 63,441,144 63,169,098 63,962,261 63,765,515 Cost of sales 25 (36,645,125) (37,807,677) (36,986,326) (38,182,855) Gross profit 26,796,019 25,361,421 26,975,935 25,582,660 Selling and distribution expenses 26 (13,977,285) (12,969,415) (14,207,084) (13,156,557) General and administrative expenses 27 (3,604,275) (3,595,008) (3,644,713) (3,632,368) Impairment loss on financial assets (499,721) (127,240) (502,569) (127,240) Other income 29 83,391 86,546 83,391 97,687 Finance income (net) 30 1,447,941 1,171,483 1,447,941 1,171,483 Profit before income tax 10,246,070 9,927,787 10,152,901 9,935,665 Income tax 24 (1,565,153) (1,465,220) (1,567,703) (1,479,619) 8,680,917 8,462,567 8,585,198 8,456,046 Profit and total comprehensive income for the year Basic and diluted earnings per share attributable to equity holders of the parent company 32 0.174 0.169 0.172 0.169