Case Study 1: LQU Company SAOG (the Company") is an Omani joint stock company registered under the Commercial Companies Law of the Sultanate of Oman. The registered address, principal office and the manufacturing facility is located at Muscat, Sultanate of Oman. The Company's shares are listed in the Muscat Securities Market. The principal activities of the company are the manufacture and sale of shipping equipment including associated works. The given below are the details of the balances as at the end of the year 2019: The company had a balance of RO 325,000 in their Investments account. Along with that the company had cash and cash equivalents which included cash in hand RO 2,065, Bank balance in current accounts RO 1,065,582. The inventories at the end period included Raw material of RO 2,647,538, Finished stock RO 946,811, Work in progress RO 163,273 and other consumables of RO 423,554. The Trade and other receivables were calculated to be RO 58,000 for advances and deposits, Prepayments of RO 43,688 and Accounts receivables of RO 5,235,403. The Trade and other payables included accrued expenses of RO 1,048,781, Trade payables of RO 1,627,724 and Other payables of RO 140,892 The provision for tax for the year was calculated to be RO 224,597 The company also had short term borrowings which comprised of Short-term loans of RO 500,000 and Loans against trust receipts of RO 3,049,783 Property plant and equipment includes the following assets as given below with their respective amounts of cost and accumulated depreciation as at the year-end: Cost RO Accumulated Depreciation RO 2,507,427 11,891,000 Buildings Plant and Machinery Extrusion Equipment Office and other equipment Fumiture and fitings Motor vehicles |Computer installations The depreciation was charged for the year as follows: 1,895,037 8,507,355 4,992,377 | 449,755 4,998,000 469,000 | 162,000 68,000 157,727 65,652 315.969 346,368 Depreciation on Plant and Machinery, Buildings to be RO 49,987 Buildings Plant and Machinery Extrusion Equipment Office and other equipment Furniture and fittings Motor vehicles 846,681 included in cost of sales and the remaining allocated as Nil depreciation 15 general and 26,691 14,660 4,324 | 11,322 administrative cost Computer installations

Case Study 1: LQU Company SAOG (the "Company) is an Omani joint stock company registered under the Commercial Companies Law of the Sultanate of Oman. The registered address, principal office and the manufacturing facility is located at Muscat, Sultanate of Oman. The Company's shares are listed in the Muscat Securities Market. The principal activities of the company are the manufacture and sale of shipping equipment including associated works The given below are the details of the balances as at the end of the year 2019: The company had a balance of RO 325,000 in their Investments account. Along with that the company had cash and cash equivalents which included cash in hand RO 2,065, Bank balance in current accounts RO 1,065,582. The inventories at the end period included Raw material of RO 2,647,538, Finished stock RO 946,811, Work in progress RO 163,273 and other consumables of RO 423,554. The Trade and other receivables were calculated to be RO 58,000 for advances and deposits, Prepayments of RO 43,688 and Accounts receivables of RO 5,235,403. The Trade and other payables included accrued expenses of RO 1,048,781, Trade payables of RO 1,627,724 and Other payables of RO 140,892 The provision for tax for the year was calculated to be RO 224,597 The company also had short term borrowings which comprised of short-term loans of RO 500,000 and Loans against trust receipts of RO 3.049.783 Property plant and equipment includes the following assets as given below with their respective amounts of cost and accumulated depreciation as at the year-end: Cost RO Accumulated Depreciation Buildings 2.507,427 1.895,037 Plant and Machinery 11,891.000 8.507,355 Extrusion Equipment 4,998.000 4,992,377 Office and other equipment 469.000 449,755 Furniture and fittings Motor vehicles 68,000 65,652 Computer installations 346,368 315.969 The depreciation was charged for the year as follows: Depreciation on Plant and Buildings 49.987 Machinery, Buildings to be Plant and Machinery 846,681 included in cost of sales and the Extrusion Equipment Nil remaining depreciation is Office and other equipment 26.691 allocated as general and Furniture and fittings 14,660 administrative cost Motor vehicles 4,324 Computer installations 11 322 RO 162.000 157,727 RO Case Study 1: LQU Company SAOG (the "Company) is an Omani joint stock company registered under the Commercial Companies Law of the Sultanate of Oman. The registered address, principal office and the manufacturing facility is located at Muscat, Sultanate of Oman. The Company's shares are listed in the Muscat Securities Market. The principal activities of the company are the manufacture and sale of shipping equipment including associated works The given below are the details of the balances as at the end of the year 2019: The company had a balance of RO 325,000 in their Investments account. Along with that the company had cash and cash equivalents which included cash in hand RO 2,065, Bank balance in current accounts RO 1,065,582. The inventories at the end period included Raw material of RO 2,647,538, Finished stock RO 946,811, Work in progress RO 163,273 and other consumables of RO 423,554. The Trade and other receivables were calculated to be RO 58,000 for advances and deposits, Prepayments of RO 43,688 and Accounts receivables of RO 5,235,403. The Trade and other payables included accrued expenses of RO 1,048,781, Trade payables of RO 1,627,724 and Other payables of RO 140,892 The provision for tax for the year was calculated to be RO 224,597 The company also had short term borrowings which comprised of short-term loans of RO 500,000 and Loans against trust receipts of RO 3.049.783 Property plant and equipment includes the following assets as given below with their respective amounts of cost and accumulated depreciation as at the year-end: Cost RO Accumulated Depreciation Buildings 2.507,427 1.895,037 Plant and Machinery 11,891.000 8.507,355 Extrusion Equipment 4,998.000 4,992,377 Office and other equipment 469.000 449,755 Furniture and fittings Motor vehicles 68,000 65,652 Computer installations 346,368 315.969 The depreciation was charged for the year as follows: Depreciation on Plant and Buildings 49.987 Machinery, Buildings to be Plant and Machinery 846,681 included in cost of sales and the Extrusion Equipment Nil remaining depreciation is Office and other equipment 26.691 allocated as general and Furniture and fittings 14,660 administrative cost Motor vehicles 4,324 Computer installations 11 322 RO 162.000 157,727 RO