RAYSUT CEMENT COMPANY SAOG AND ITS SUBSIDIARIES PARENT COMPANY AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Note Parent 2020 RO 2019 RO Consolidated 2020 RO 2012 RO 8 9 10 12 61,106,313 10,396,053 82,557,978 49,134,458 115,022,746 4,885,520 46,617,068 114.356,388 21,577,594 64.153.295 29,050.726 79,171,563 1,300,000 18 14 27 125,000 125.000 125.000 ASSETS Non-current assets Goodwill Property, plant and equipment Right-of-use assets Investment in subsidiaries Receivable from a related party - non-current Financial assets at fair value through other comprehensive income Deferred tax asset Total non-current assets Current assets Inventories Trade receivables-net Advance to subsidiary Financial assets at fair value through profit or loss Prepayments, advances and other receivables Cash and bank balances 125,000 124,627 169,292,351 154,185,344 173.800,584 182,676,050 23,484,845 13,761,503 34,141,733 19,290,412 32.764,017 26,045,240 15 16 13 17 18 19 2,244,585 11,274,017 49,543 26,619,382 15.462,335 849,000 2,616,102 11,411,140 203,465 57,161,424 230,962,008 2,244,585 8.783,837 1,414,210 65,874,777 235,167,128 2,616,102 9,757,438 982,464 72,165,261 254,841.311 Total current assets 50,814,493 204,999,837 20 21 22 23 24 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456.873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 31,643 81,617,215 131,772,398 312,726 132,085,124 66,862,988 116,986,528 79,245,056 129,368,596 95,671,606 145.795.146 74,740 116,986,528 129,368,596 145,869,886 Total assets EQUITY AND LIABILITIES Equity Share capital Share Premium Legal reserve Asset replacement reserve Voluntary reserve Foreign currency translation Retained earings Equity attributable to Owners of the Parent Company Non-controlling interest Total equity LIABILITIES Non-current liabilities Borrowings Lease liabilities Deferred tax liability End of service benefits Total non-current liabilities Current liabilities Borrowings Lease liabilities Trade and other payables Short term borrowings Income tax payable Total current liabilities 25 26 27 28 21,608,287 9,774,308 2,015,000 642,836 34,040,431 24,064,280 23.576,604 4,113,000 672.155 52.426,039 21,546,243 5,048,084 2,015,000 1.213,869 29,823,196 15,950,821 15,434,471 4,113,000 1.267,139 36,765.431 25 26 29 30 27 9,026,855 1,552,232 29,077,982 14,315,809 9,101,528 6,470,828 18,723,763 14,417,254 454,000 25,721,093 6,595,836 22,425,452 17.009.613 454,000 18,230,702 208,130 35,334,939 19,399,905 85,132 73,258,808 103,082,004 235,167,128 0.660 Total liabilities 53,972,878 88,013,309 204,999,837 49.167,373 101,593,412 230,962.008 72,205,994 108,971,425 --- 254,841,311 0.729 Total equity and liabilities Net assets per share 39 0.585 0.647 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: 23/02/2021 : RAYSUT CEMENT COMPANY SAOG AND ITS SUBSIDIARIES PARENT COMPANY AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Note Parent 2020 RO 2019 RO Consolidated 2020 RO 2012 RO 8 9 10 12 61,106,313 10,396,053 82,557,978 49,134,458 115,022,746 4,885,520 46,617,068 114.356,388 21,577,594 64.153.295 29,050.726 79,171,563 1,300,000 18 14 27 125,000 125.000 125.000 ASSETS Non-current assets Goodwill Property, plant and equipment Right-of-use assets Investment in subsidiaries Receivable from a related party - non-current Financial assets at fair value through other comprehensive income Deferred tax asset Total non-current assets Current assets Inventories Trade receivables-net Advance to subsidiary Financial assets at fair value through profit or loss Prepayments, advances and other receivables Cash and bank balances 125,000 124,627 169,292,351 154,185,344 173.800,584 182,676,050 23,484,845 13,761,503 34,141,733 19,290,412 32.764,017 26,045,240 15 16 13 17 18 19 2,244,585 11,274,017 49,543 26,619,382 15.462,335 849,000 2,616,102 11,411,140 203,465 57,161,424 230,962,008 2,244,585 8.783,837 1,414,210 65,874,777 235,167,128 2,616,102 9,757,438 982,464 72,165,261 254,841.311 Total current assets 50,814,493 204,999,837 20 21 22 23 24 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456.873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 31,643 81,617,215 131,772,398 312,726 132,085,124 66,862,988 116,986,528 79,245,056 129,368,596 95,671,606 145.795.146 74,740 116,986,528 129,368,596 145,869,886 Total assets EQUITY AND LIABILITIES Equity Share capital Share Premium Legal reserve Asset replacement reserve Voluntary reserve Foreign currency translation Retained earings Equity attributable to Owners of the Parent Company Non-controlling interest Total equity LIABILITIES Non-current liabilities Borrowings Lease liabilities Deferred tax liability End of service benefits Total non-current liabilities Current liabilities Borrowings Lease liabilities Trade and other payables Short term borrowings Income tax payable Total current liabilities 25 26 27 28 21,608,287 9,774,308 2,015,000 642,836 34,040,431 24,064,280 23.576,604 4,113,000 672.155 52.426,039 21,546,243 5,048,084 2,015,000 1.213,869 29,823,196 15,950,821 15,434,471 4,113,000 1.267,139 36,765.431 25 26 29 30 27 9,026,855 1,552,232 29,077,982 14,315,809 9,101,528 6,470,828 18,723,763 14,417,254 454,000 25,721,093 6,595,836 22,425,452 17.009.613 454,000 18,230,702 208,130 35,334,939 19,399,905 85,132 73,258,808 103,082,004 235,167,128 0.660 Total liabilities 53,972,878 88,013,309 204,999,837 49.167,373 101,593,412 230,962.008 72,205,994 108,971,425 --- 254,841,311 0.729 Total equity and liabilities Net assets per share 39 0.585 0.647 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: 23/02/2021