) List at least three expenses with their amounts for 2019. h) What was the Net Profit (Net Income or Profit of the year)/ Net Loss for the company.._018? 1) Comparing the Net Profit in two years (2018 & 2019), state weather the Net Profit was increasing or decreasing? State the rules of debit and credit as applied to (a) asset accounts, (b) liability accounts, and (c) the equity accounts (revenue, expenses, dividends, and share capital - ordinary). Kuwait Portland Cement Co. K.P.S.C. And its subsidiary State of Kuwait Consolidated Statement of Financial Position As at 31 December 2019 Notes 2019 KD 2018 KD Assets Non-current assets Property, plant and equipment Financial assets at fair value through other comprehensive income 5 4.880,013 6,103,293 6 24,631,232 29,511.245 16,036,084 22,139,377 7 8 Current assets Trade and other receivables Inventories Financial assets at fair value through statement of income Cash and cash equivalents 27,646,371 6,117,941 26,585,758 9,877,309 10 25.245,589 3.934,984 62,944,885 92.456,130 21.690,756 11.345,017 69.498,840 91.638,217 Total assets 11 Equity and liabilities Equity Share capital Statutory reserve Voluntary reserve General reserve Treasury shares reserve Change in fair value reserve Retained earnings Total equity 13 10.022.196 10.022,196 10.022,196 2.500.000 544.943 15,867,343 25,658,849 74,637.723 10,022.196 10.022.196 10.022.196 2.500.000 $44.943 7.281,074 28,092,466 68,485,071 Non-current liabilities Other provisions Provision for employees' end of service indemnity 15 1.617,192 4,746,456 6.363,648 2.144.449 4.376,397 6.520.846 Current liabilities Trade and other payables Dividends payable 16 10,829.842 624,917 11.454,759 17,818,407 92.456,130 16,183,706 448,594 16,632,300 23.153,146 91.638,217 Total liabilities Total equity and liabilities The accompanying notes on pages 9 to 39 form an integral part of these consolidated fingncial statements. Ali A. Alomar Chairman Khalifa Hamoud Al Ghanim CEO ayd Board Member AT PO KPCC OCEVE Kuwait Portland Cement Co.K.S.C.P. And its subsidiary State of Kuwait Consolidated Statement of Income For the year ended 31 December 2019 Notes 2019 KD 2018 KD 85,227,953 (80,013.290) 5,214,665 105,939,216 197,060.207) 8,879,009 Income Sales Cost of sales Gross profit Unrealised gain from change in fair value of financial assets at fair value through statement of income Losses on sale of financial assets at fair value through statement of income Dividend income Interest income Foreign exchange differences Other income 2,536,108 2,100,651 (64,077) 1.696.800 1.362 2.539 1.589,931 10,977.528 (345,365) 1.692.266 7,933 (2,072) 2,039,749 14,372,171 17 Expenses and other charges General and administrative expenses (1.785,142) (1.800,779) Other provisions (180,018) (420,000) Distribution expenses (839,592) (1.138.189) Profit for the year before KFAS, NLST, Zakat and Directors remuneration 8.172.776 11.013.203 Contribution to Kuwait Foundation for the Advancement of Sciences (81.728) (110,132) NLST (173,192) (233.646) Zakat (69.277) (93,459) Board of directors' remuneration (260,000) (260,000) Net profit for the year 7.588.579 10.315.966 Basic earnings per share (fils) 18 75.71 102.93 The accompanying notes on pages 9 to 39 form an integral part of these consolidated financial statements SLUT VORES KPCC