Answer for Kuwait Remal Real Estate Company

1. What is the company’s industry?
2. How much was the Cash account balance as at December 31, 2019?
3. List the biggest asset with its amount for the company as at December 31, 2019.

 

Kuwait Remal Real Estate Company K.S.C.P. State of Kuwait Statement of financial position As at 31 December 2019 2019 K.D 2018 Note K.D Assets: Non-current assets Property and equipment Investment properties Financial assets at fair value through other comprehensive income 9,903 36,339,000 3,354 37,723,000 8 3,277,500 39,626,403 3,862,130 41,588,484 Total non-current assets Current assets Trade receivables and other debit balances Cash and cash equivalents 17,211,041 26,183 17,237,224 56,863,627 15,880,422 2,902 15,883,324 57,471,808 10 Total current assets Total assets Equity and liabilities: Equity apital Statutory reserve Voluntary reserve Cumulative changes in fair value Accumulated losses Total equity 11 30,613,000 3,049,347 3,494,027 (584,630) (16,284,837) 20,286,907 30,613,000 3,049,347 3,494,027 12 13 (14,056,046) 23,100,328 Liabilities Non-current liabilities Provision for end of service indemnity Total non-current liabilities 83,619 83,619 74,923 74,923 Current liabilities Term loans Murabaha payable Other credit balances Total current liabilities Total liabilities Total equity and liabilities 14 24,417,681 1,478,947 10,596,473 36,493,101 36,576,720 56,863,627 24,417,681 1,530,920 8,347,956 34,296,557 34,371,480 57,471,808 15 16 Khalifa Abdullah AAl-Nassar Chairman MAL The accompanyng notes on pages 9 to 36 form an integral part of these financial statements. ALSOORo e t OGGI