Al Fajar Al Alamia Company SAOG and its subsidiaries Separate and consolidated statement of financial position as at 30 June 2020 (Expressed in Omani Rials) Note Group Parent Company Group Parent Company 30 June 30 June 30 June 30 June ASSETS 2020 2020 2019 2019 Non-current assets Property, plant and equipment 7 7,811,838 864,727 894,719 Right-of-we asset 9 202.271 104,804 Intangible at 8 3,631,053 2,746 4.341 Investment in subsidiaries 10 37,038,488 32,955,56) Investment in an asociate 12 870,139 870,19 387,604 867,604 Goodwill 11 22,228,249 579,717 22,228,249 579,717 Deferred tax asset 32 411,853 20,761 311,831 16,064 Total non-current assets 35,155,403 39,481,382 30,242,817 35,318,028 Current assets Inventories 13 2,276,961 1,353,025 1,796,727 1,297,185 Trade and other receivables 14 17,583,255 2,176,855 14,672,736 1.356,733 Debt instruments at amortised cost 15 98,097 610,34 Cash and bank balances 14 744,533 58,066 247.413 10.895 Total current sets 21,553,646 3.587.946 17,327,310 2,665,013 Total assets 56,709,042 13.069.28 47,570,127 37961011 EQUITY AND LIABILITIES Shareholders' capital and reserves Share capital 18 4,933.025 4,933.025 4,933,025 4,933.025 Share premium 18 13,550,576 13,550,576 13,550,576 13,550,576 Legal reserve 19 1.391.007 1,294.851 1.365.92 1.269,023 Special reserve 529,717 579,717 579,717 Retained earnings 5,750,040 5,419,413 5,880,64 5.440,816 Total shareholders' capital and reserves 26,204.365 25.777.582 26,309.961 25.773.957 Non-current liabilities Non-current portion of long-term loans 20 7,009,863 5.004,375 3,150,704 1,925,817 Non-current portion of finance leases 21 1.805.921 1.805.921 Non-current portion of tease liabilities 9 165,217 84.68 Employees benefit liabilities 23 1,066.509 375.351 953.504 326,054 Total non-current liabilities 10,047,510 7,270,215 4,104,208 2,251,875 Current abilities Trade and other payables 17 4,976,058 3.983.463 4,098,054 5,543,082 Bank borrowings 22 13,385,781 4411,956 10,445,292 3,005,600 Current portion of long-term loans 20 1.506.10 1,067,312 1,541,438 1,24,438 Current portion of Finance leases 21 14.487 494 50,830 Current portion of lease abilities 9 43,127 23,600 Provision for taxation 51,578 0,533 220,344 134,009 Total current liabilities 20,457,174 10,021.431 17,155.958 9,957,209 Total abilities 30.504,684 17.291.746 21,260,166 12.209.654 Total shareholders capital and reserves and abilities 56.200.000 13.069,328 47.570.127 37.983.041 Het asset per share 0.531 0.523 0.53) 0.322 These separate and consolidated financial statements, set out on papes 7 to 65, were approved and authorised for use by the Board of Directors on 26 August 2020 and were signed on their behalf by 579,717 Chairman Tadqui Director 7 Al Fajar Al Alamia Company SAOG and its subsidiaries Separate and consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 2020 (Expressed in Omani Rials) Note Group 30 June 2020 Parent Company 30 June 2020 Group 30 June 2019 Parent Company 30 June 2019 25 26 Income Revenue from contracts with customers Cost of revenue Gross profit Other income Reversal of excess ECL provision on trade receivables (Note 14) 16,224,720 (13,461,315) 2,763,405 5,397,030 (3,681,006) 1.716,024 20.245,116 (15,654,530) 4.590,586 5,710,954 (3.769.144) 1,941,810 27 324,725 80,790 302.340 81,402 496.005 3,584,135 3.219 1.800,033 104,168 4,997,094 2,023,212 28 29 30 (427,933) (305,691) (1,184.304) (266.888) (295,374) (257,681) (491,594) (421,772) (981,961) (302,601) (407,141) (217,084) Expenses Salaries and other related staff costs Selling and distribution expenses General and administrative expenses Depreciation of property, plant and equipment Amortisation of intangible assets Amortisation of right-of-use asset Provision for ECL on trade receivables (Note 14) Property, plant and equipment written off 7 8 9 (53,395) (4.907) (40,056) (12,036) (1.595) (19,163) (35,859) (4,808) (11,811) (1,308) 188,333) (230,253) (100,996) (23,131) (2.127,749) (852,736) (2,166,247) (1.040,941) Profit from operations 1.456,385 947,297 2,830,847 982,271 31 10 (1,287,707) (647,172) (486,504) (1,031,796) 234,405 Finance costs (net) Profit on transfer of a subsidiary Share of loss from investment in an associate Profit before tax for the year 12 16.099) 162.579 16.099) 294,026 (14,396) 2,019,060 (14,396) 481,371 32 37,804 (43.749) (217,355) (148,601) Income tax release/(expense) Net profit after tax and total comprehensive income for the year 200.383 250.277 1,801,705 332,770 Basic and diluted earnings per share 33 0.004 0.005 0.037 0.007 3. ROA- 4. Profit Margin: 5. A/R Turnover 6. Days in Receivable 7. Inventory Tumover 8. Days in Inventory 9. Fixed Assets turnover: Assignment Questions: ILO.1.2.630 Marks) Read the attached financial statements then compute the following: 1. Comparative Analysis for the Balance sheet 2. Common-size analysis for the income statement 3. ROA- 4. Profit Margin: S. A/R Tumover: 6. Days in Receivable 7. Inventory Turnover: 8. Days in Inventory Al Fajar Al Alamia Company SAOG and its subsidiaries Separate and consolidated statement of financial position as at 30 June 2020 (Expressed in Omani Rials) Note Group Parent Company Group Parent Company 30 June 30 June 30 June 30 June ASSETS 2020 2020 2019 2019 Non-current assets Property, plant and equipment 7 7,811,838 864,727 894,719 Right-of-we asset 9 202.271 104,804 Intangible at 8 3,631,053 2,746 4.341 Investment in subsidiaries 10 37,038,488 32,955,56) Investment in an asociate 12 870,139 870,19 387,604 867,604 Goodwill 11 22,228,249 579,717 22,228,249 579,717 Deferred tax asset 32 411,853 20,761 311,831 16,064 Total non-current assets 35,155,403 39,481,382 30,242,817 35,318,028 Current assets Inventories 13 2,276,961 1,353,025 1,796,727 1,297,185 Trade and other receivables 14 17,583,255 2,176,855 14,672,736 1.356,733 Debt instruments at amortised cost 15 98,097 610,34 Cash and bank balances 14 744,533 58,066 247.413 10.895 Total current sets 21,553,646 3.587.946 17,327,310 2,665,013 Total assets 56,709,042 13.069.28 47,570,127 37961011 EQUITY AND LIABILITIES Shareholders' capital and reserves Share capital 18 4,933.025 4,933.025 4,933,025 4,933.025 Share premium 18 13,550,576 13,550,576 13,550,576 13,550,576 Legal reserve 19 1.391.007 1,294.851 1.365.92 1.269,023 Special reserve 529,717 579,717 579,717 Retained earnings 5,750,040 5,419,413 5,880,64 5.440,816 Total shareholders' capital and reserves 26,204.365 25.777.582 26,309.961 25.773.957 Non-current liabilities Non-current portion of long-term loans 20 7,009,863 5.004,375 3,150,704 1,925,817 Non-current portion of finance leases 21 1.805.921 1.805.921 Non-current portion of tease liabilities 9 165,217 84.68 Employees benefit liabilities 23 1,066.509 375.351 953.504 326,054 Total non-current liabilities 10,047,510 7,270,215 4,104,208 2,251,875 Current abilities Trade and other payables 17 4,976,058 3.983.463 4,098,054 5,543,082 Bank borrowings 22 13,385,781 4411,956 10,445,292 3,005,600 Current portion of long-term loans 20 1.506.10 1,067,312 1,541,438 1,24,438 Current portion of Finance leases 21 14.487 494 50,830 Current portion of lease abilities 9 43,127 23,600 Provision for taxation 51,578 0,533 220,344 134,009 Total current liabilities 20,457,174 10,021.431 17,155.958 9,957,209 Total abilities 30.504,684 17.291.746 21,260,166 12.209.654 Total shareholders capital and reserves and abilities 56.200.000 13.069,328 47.570.127 37.983.041 Het asset per share 0.531 0.523 0.53) 0.322 These separate and consolidated financial statements, set out on papes 7 to 65, were approved and authorised for use by the Board of Directors on 26 August 2020 and were signed on their behalf by 579,717 Chairman Tadqui Director 7 Al Fajar Al Alamia Company SAOG and its subsidiaries Separate and consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 2020 (Expressed in Omani Rials) Note Group 30 June 2020 Parent Company 30 June 2020 Group 30 June 2019 Parent Company 30 June 2019 25 26 Income Revenue from contracts with customers Cost of revenue Gross profit Other income Reversal of excess ECL provision on trade receivables (Note 14) 16,224,720 (13,461,315) 2,763,405 5,397,030 (3,681,006) 1.716,024 20.245,116 (15,654,530) 4.590,586 5,710,954 (3.769.144) 1,941,810 27 324,725 80,790 302.340 81,402 496.005 3,584,135 3.219 1.800,033 104,168 4,997,094 2,023,212 28 29 30 (427,933) (305,691) (1,184.304) (266.888) (295,374) (257,681) (491,594) (421,772) (981,961) (302,601) (407,141) (217,084) Expenses Salaries and other related staff costs Selling and distribution expenses General and administrative expenses Depreciation of property, plant and equipment Amortisation of intangible assets Amortisation of right-of-use asset Provision for ECL on trade receivables (Note 14) Property, plant and equipment written off 7 8 9 (53,395) (4.907) (40,056) (12,036) (1.595) (19,163) (35,859) (4,808) (11,811) (1,308) 188,333) (230,253) (100,996) (23,131) (2.127,749) (852,736) (2,166,247) (1.040,941) Profit from operations 1.456,385 947,297 2,830,847 982,271 31 10 (1,287,707) (647,172) (486,504) (1,031,796) 234,405 Finance costs (net) Profit on transfer of a subsidiary Share of loss from investment in an associate Profit before tax for the year 12 16.099) 162.579 16.099) 294,026 (14,396) 2,019,060 (14,396) 481,371 32 37,804 (43.749) (217,355) (148,601) Income tax release/(expense) Net profit after tax and total comprehensive income for the year 200.383 250.277 1,801,705 332,770 Basic and diluted earnings per share 33 0.004 0.005 0.037 0.007 3. ROA- 4. Profit Margin: 5. A/R Turnover 6. Days in Receivable 7. Inventory Tumover 8. Days in Inventory 9. Fixed Assets turnover: Assignment Questions: ILO.1.2.630 Marks) Read the attached financial statements then compute the following: 1. Comparative Analysis for the Balance sheet 2. Common-size analysis for the income statement 3. ROA- 4. Profit Margin: S. A/R Tumover: 6. Days in Receivable 7. Inventory Turnover: 8. Days in Inventory