Oman Flour Mills company

1. Balance sheet.

1. b. Income statement.

solve:

1. Introduction: Brief history of the company
2. The company Financial Statements for 2020:
   1. Balance sheet.
   2. Income statement.
3. Environment Factors:
   1. Macro-economic Factors of Oman Economy: Economic Growth, Unemployment Rate, GDP, Regulations, etc., for 2021.
   2. Economic Sector Analysis of the company and its main competitor(s).
4. Comparative Analysis of the Balance Sheet for the last 2 years.
5. Common Size Analysis for the Income Statement only for the last year.
6. Profitability Analysis:
   1. ROA.
   2. Profit Margin.
   3. Assets Turnover.
7. ROCE Analysis:
   1. ROE
   2. ROCE.
   3. CEL.
   4. CSL.
8. Risk Analysis:
   1. Quick Ratio (Acid Test Ratio).
   2. Working capital Activity ratio.
9. Long-Term Solvency Risk- Debt Ratios:
   1. L.T. Debt Ratio.
   2. Debt/Equity Ratio.
   3. L.T. Debt/Asset Ratio.
10. Multiple Discriminant Analysis:
    1. Altman's Z-Score.

ANNUAL FINANCIAL STATEMENTS, 31/12/2021 OMAN FLOUR MILLS Consolidated 31/12/2021 Standalone 31/12/2021 Thousand Omani Rial Audited Consolidated Standalone 31/12/2020 31/12/2020 11.509 37 11.948 37 50,782 37 37 3,507 44.041 37 16 3,662 56 19,119 0 1.395 0 355 32.471 0 9.484 65 18.240 0 1.749 0 9,953 0 355 64.671 355 $7.995 355 32.394 Statement of Financial position, Current/ non-current STATEMENT OF FINANCIAL POSITION CONSOLIDATED AND SEPARATE ASSETS NON-CURRENT ASSETS Property, plant and equipment Imestment property Intangible assets other than goodwill Right-of-use assets Investments in subsidiaries Investments in associates Investments accounted for using equity method Non-current financial assets at fair value through profit or loss Non-current financial assets at fair value through other comprehensive income Total non-current assets CURRENT ASSETS Current inventories Current financial assets at fair value through profit or loss Trade and other currem receivables Cash and bank balances Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners Total current assets Total assets EQUITY AND LIABILITIES EQUITY Issued capital Statutory reserve Other reserves Retained earnings (accumulated Losses) Total equity attributable to owners of parent Non-controlling interests Total equity 33.244 1.519 24.834 15.571 30.578 1.519 25,784 12,937 17.102 1.533 22.290 15.956 14.401 1.533 23.202 13275 75,168 70,818 56.881 $2.511 56.81 75,168 139.839 70.818 103.289 52.511 84.905 114.476 15.750 6,626 2.605 49.046 74,027 (76) 73.951 15,750 5.250 2.605 50,443 15.750 6.540 2.605 53.268 78.163 257 78.420 15.750 5.250 2.605 54.579 74,048 78.184 ANNUAL FINANCIAL STATEMENTS, 31/12/2021 OMAN FLOUR MILLS Consolidated 01/01/2021-31/12/2021 Standalone 01/01/2021-31/12/2021 Thousand Omani Rial Audited Consolidated Standalone 01/01/2020-31/12/2020 01/01/2020-31/12/2020 97,337 81.110 94,051 75,046 19.005 16,227 78,987 65,547 13,440 171 3.331 691 230 444 5,527 3.971 7.420 279 77,574 67.834 9.740 646 3,330 498 6.558 420 106 (420) (163) 6.789 975 5.314 5014 9,836 306 Income Statement - Function of expense PROFIT OR LOSS CONSOLIDATED AND SEPARATE PROFIT (LOSS) Revenue Cost of sales Gross profit Other income General and administrative expense Selling, distribution and marketing expenses Profit (loss) from operating activities Finance income Finance costs Share of profit (loss) of associates and joint ventures accounted for using equity method Other non operating incomes expenses Profit (less) before income tax, continuing operations Income tax expense, continuing operations Profit (less) from continuing operatiom Net Profit/(Loss) for the period PROFIT (LOSS), ATTRIBUTABLE TO Profit (los), attributable to owners of parent Profit (los), attributable to non-controlling interests BASIC AND DILUTED EARNINGS PER SHARE BASIC EARNINGS PER SHARE Basic earnings (loss) per share from continuing operations Basic earnings (loss) per share from discontinued operations Total basic carnings (loss) per share DILUTED EARNINGS PER SHARE 480 (928) 56 5,947 1,205 4,742 4.742 5.367 3.792 10,076 255 631 (813) 1.881 10,768 1,759 9,009 9.009 (719) 1.978 11,339 1.536 9,803 9,803 5.314 (572) 9,647 (638) 0.061 0.034 0.000 0.034 0.034 0.000 0.034 0.000 0.062 0.000 0.062 0.061 ANNUAL FINANCIAL STATEMENTS, 31/12/2021 OMAN FLOUR MILLS Consolidated 31/12/2021 Standalone 31/12/2021 Thousand Omani Rial Audited Consolidated Standalone 31/12/2020 31/12/2020 11.509 37 11.948 37 50,782 37 37 3,507 44.041 37 16 3,662 56 19,119 0 1.395 0 355 32.471 0 9.484 65 18.240 0 1.749 0 9,953 0 355 64.671 355 $7.995 355 32.394 Statement of Financial position, Current/ non-current STATEMENT OF FINANCIAL POSITION CONSOLIDATED AND SEPARATE ASSETS NON-CURRENT ASSETS Property, plant and equipment Imestment property Intangible assets other than goodwill Right-of-use assets Investments in subsidiaries Investments in associates Investments accounted for using equity method Non-current financial assets at fair value through profit or loss Non-current financial assets at fair value through other comprehensive income Total non-current assets CURRENT ASSETS Current inventories Current financial assets at fair value through profit or loss Trade and other currem receivables Cash and bank balances Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners Total current assets Total assets EQUITY AND LIABILITIES EQUITY Issued capital Statutory reserve Other reserves Retained earnings (accumulated Losses) Total equity attributable to owners of parent Non-controlling interests Total equity 33.244 1.519 24.834 15.571 30.578 1.519 25,784 12,937 17.102 1.533 22.290 15.956 14.401 1.533 23.202 13275 75,168 70,818 56.881 $2.511 56.81 75,168 139.839 70.818 103.289 52.511 84.905 114.476 15.750 6,626 2.605 49.046 74,027 (76) 73.951 15,750 5.250 2.605 50,443 15.750 6.540 2.605 53.268 78.163 257 78.420 15.750 5.250 2.605 54.579 74,048 78.184 ANNUAL FINANCIAL STATEMENTS, 31/12/2021 OMAN FLOUR MILLS Consolidated 01/01/2021-31/12/2021 Standalone 01/01/2021-31/12/2021 Thousand Omani Rial Audited Consolidated Standalone 01/01/2020-31/12/2020 01/01/2020-31/12/2020 97,337 81.110 94,051 75,046 19.005 16,227 78,987 65,547 13,440 171 3.331 691 230 444 5,527 3.971 7.420 279 77,574 67.834 9.740 646 3,330 498 6.558 420 106 (420) (163) 6.789 975 5.314 5014 9,836 306 Income Statement - Function of expense PROFIT OR LOSS CONSOLIDATED AND SEPARATE PROFIT (LOSS) Revenue Cost of sales Gross profit Other income General and administrative expense Selling, distribution and marketing expenses Profit (loss) from operating activities Finance income Finance costs Share of profit (loss) of associates and joint ventures accounted for using equity method Other non operating incomes expenses Profit (less) before income tax, continuing operations Income tax expense, continuing operations Profit (less) from continuing operatiom Net Profit/(Loss) for the period PROFIT (LOSS), ATTRIBUTABLE TO Profit (los), attributable to owners of parent Profit (los), attributable to non-controlling interests BASIC AND DILUTED EARNINGS PER SHARE BASIC EARNINGS PER SHARE Basic earnings (loss) per share from continuing operations Basic earnings (loss) per share from discontinued operations Total basic carnings (loss) per share DILUTED EARNINGS PER SHARE 480 (928) 56 5,947 1,205 4,742 4.742 5.367 3.792 10,076 255 631 (813) 1.881 10,768 1,759 9,009 9.009 (719) 1.978 11,339 1.536 9,803 9,803 5.314 (572) 9,647 (638) 0.061 0.034 0.000 0.034 0.034 0.000 0.034 0.000 0.062 0.000 0.062 0.061