Muscat City Desalination Company financial statements Income Statement and Statement of Balance sheet attached. Analyze the information contained in the companys balance sheet and income statements to answer the following questions.

• Are the company assets listed in the proper order?
• What type of the format used in the income and balance sheet statement?
• How are the company assets and liabilities classified?
• What are the cash equivalents?
• Muscat City Desalination Company statements audited or unaudited? Explain.

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101 TY DESALINATION COMPANY SAOG Statement of financial position as at 31 December 2019 Notes 2019 ROO00 2018 RO ( 00% 89,168 91,545 162 ASSETS Non-current assets Property, plotid equipment Lease asset (right of use assets) Deferred tax Total non-current assets Current Assets Trade and other receivables Cash and cash equivalents Total current assets 90,069 91,707 1.15 1.820 93,524 94,012 15 555 1.777 15.555 1.628 10 (3,223) (624) 14,445 16,813 Total assets EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Cumulative changes in fair values of derivative financial instruments Total equity Non-current linbilities Non-current portion of term loans Non- rent portion of fair value of derivative financial instruments Provision for decommissioning obligation Deferred tax Lease liability non-current partion Shareholders bride los Shareholders stand-by equity loans End-of-service benefits 59,562 56,450 3,592 166 3,785 3,001 8.854 3.254 754 Total non-current liabilities 74,010 72,438 3.188 3,106 200 Current liabilities Current portion of term loans Current portion of fair value o derivative financial instruments Lease liability current portion Shareholders stand-by equity loans Trade and other payables Total current liabilities 754 1,724 1,674 5,069 5,661 Total liabilities 79,079 78.099 93,524 94.912 Total equity and liabilities Net assets per share (RO) 0.093 0.108 i Chairman Chief Executive Officer The accompanying notes form an integral part of these financial statements MUSCAT CITY DESALINATION COMPANY SAOG Statement of profit or loss and other comprehensive income for year ended 31 December 2019 Notes 2019 ROPHIA Operating revenue 17 16,810 Operating costs (10,654) 2018 RO'000s 16,071 (9,776) Gross profit 6,156 6,295 Other income Administrative and general expenses Finance costs (net) 28 (867) (3.143) (885) (3,357) Profit for the year before tax Income tax 2,174 (690) 2,053 (904) Profit for the year 1,484 1,149 Other comprehensive (loss) /income for the year - Items that may be reclassified subsequently to profit or loss Changes in fair values of derivative financial instruments Deferred tax on changes in fair values of derivative financial instruments (3.057) 1,311 458 (197) Other comprehensive (loss) /income for the year net of income tax (2,599) 1,114 Total comprehensive (loss) / income for the year (1.115) 2,263 0.010 0.007 . 00 Earnings per share - basic and diluted (RO) 22