RAYSUT CEMENT COMPANY SAOG AND ITS SUBSIDIARIES 849,000 PARENT COMPANY AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Parent Consolidated Note 2020 2019 2020 2019 RO RO RO RO ASSETS Non-current assets Goodwill 8 49,134,458 46,617,068 Property, plant and equipment 9 61,106,313 64.153.295 115,022,746 114,356,388 Right-of-use assets 10 10,396,053 29,050,726 4,885,520 21,577,594 Investment in subsidiaries 12 82,557,978 79.171,563 Receivable from a related party - non-current 18 1.300,000 Financial assets at fair value through other comprehensive income 14 125,000 125,000 125,000 125,000 Deferred tax asset 27 124,627 Total non-current assets 154,185,344 173.800.584 169,292,351 182,676,050 Current assets Inventories 15 23,484,845 26,619,382 34,141,733 32,764,017 Trade receivables - net 16 13,761,503 15.462,335 19,290,412 26,045.240 Advance to subsidiary 13 Financial assets at fair value through profit or loss 17 2,244,585 2,616,102 2,244,585 2,616,102 Prepayments, advances and other receivables 18 11,274,017 11,411,140 8.783,837 9,757,438 Cash and bank balances 19 49,543 203,465 1,414,210 982,464 Total current assets 50,814,493 57,161,424 65,874,777 72,165,261 Total assets 204,999,837 230,962,008 235,167,128 254,841,311 EQUITY AND LIABILITIES Equity Share capital 20 20,000,000 20,000,000 20,000,000 20,000,000 Share Premium 21 13,456,873 13,456,873 13,456,873 13,456,873 Legal reserve 22 6,666,667 6,666,667 6,666,667 6,666,667 Asset replacement reserve 23 3,647,566 3,647,566 3,647,566 3,647,566 Voluntary reserve 24 6,352,434 6,352,434 6,352,434 6,352,434 Foreign currency translation 31,643 Retained earnings 66,862,988 79,245,056 81,617,215 95,671,606 Equity attributable to Owners of the Parent Company 116,986,528 129,368,596 131,772,398 145,795,146 Non-controlling interest 312,726 74,740 Total equity 116,986,528 129,368,596 132,085,124 145,869,886 LIABILITIES Non-current liabilities Borrowings 25 21,608,287 24.064.280 21,546,243 15,950.821 Lease liabilities 26 9,774,308 23,576,604 5,048,084 15,434,471 Deferred tax liability 27 2,015,000 4,113,000 2,015,000 4,113,000 End of service benefits 28 642,836 672.155 1.213,869 1.267,139 Total non-current liabilities 34,040,431 52.426,039 29,823,196 36,765.431 Current liabilities Borrowings 25 9,026,855 9.101.528 18,230,702 25,721,093 Lease liabilities 26 1,552,232 6,470.828 208,130 6,595,836 Trade and other payables 29 29,077,982 18.723,763 35,334,939 22,425,452 Short term borrowings 30 14,315,809 14.417.254 19,399,905 17.009.613 Income tax payable 27 454,000 85,132 454,000 Total current liabilities 53,972,878 49,167,373 73,258,808 72,205,994 Total liabilities 88,013,309 101,593,412 103,082,004 108,971,425 - Total equity and liabilities 204,999,837 230,962,008 235,167,128 254,841,311 ====== Net assets per share 39 0.585 0.647 0.660 0.729 = RE These financial statements were approved and authorised for issue by the Board of Directors on 21 and signed on their behalf by: 23/02/2021 Introduction: (1 mark) Brief introduction about the selected company