1. Refer to the financial statements for a publicly traded company in Muscat Securities Market. Imagine that an industry analyst has asked you to forecast sales for each of the next 10 years (after the current year). Assume that the sales increase each year by the same percentage. That is, the percentage increase for next year is expected to be the same as it was last year.

You are required to:

1. Write a short description about the company, nature of products sold etc.
2. Calculate the percentage increase in sales this year (2020) when compared to the previous year.
3. Estimate the sales for the next 10 years, taking the calculated percentage increase as a base. (Show in a table)

Salalah Mills Company SAOG Statement of financial position 1 Demi 2019 31 December SID RO ASSETS Non-current Property, plant and equipment 21.170,275 29.790.2 Right of 5337 Total non-current sets 20764672 Current assets Inventores 10 1.220,03 18.642164 Trade and other receivables 11 12.764.31 10.719 200 Amount due from a 122 27544 2387440 Francis at far through profitar 3864 340.005 Cash and chequivalente 14 21.343 2370 246 Total current sets 46650 Total assets 61.770 111 54625516 EQUITY AND LIABILITIES Share capital 499.00 4906305 Share premium 16 3.587782 Legal reserve 2010.103 2002 103 General reserve 16 2.01.26 2.00125 Metained earning 10.427-722 10 43 507 Total equity LIABILITIES Non-current abilities Borrowing 5.000.000 Deferred tax 32705 Employees and of service benetes 280 470 487 Leases by 502. Total non-current abilities 1423 450 Current liabiti Lei Borrowings 20.45,615 21530634 Amounts due to ride 23.411 27385 Trade and other payable 19.90 238943 Income tax payable 100.210 975 622 Total current liabilities 22.701.000 Total liabilities 2.717372 3146834 Total equity and liabilities 61 170.111 42563350 Net assets per share The financial statement on paper de proved by the Board of Dimecon February 2020 od werend on the Compambehalf by 2 SHEIKH AHMED ABDULLAH AL RAWAS CHAIRMAN AHMED ABDULLA MUQAIBIL DEPUTY CHAIRMAN The accompanying notes to page 10 to 6 form an integral part of these financial statements The report of the Auditor set forth on Statement of profit or loss and other comprehensive income for the year ended 31 Desember 2019 Revenue Cost of sales Gross profit Other income Fair value changes of financial assets at fair value through profit or loss Administrative expenses Sales and marketing expenses Operating profit Finance costs Profit before tax Income tax expense Profit for the year Other comprehensive income Total comprehensive income for the year Earnings per share - basic and diluted Year ended Year ended 31 December 31 December 2019 2018 Notes RO RO 22 53,662,614 52,022,806 23 (48.716,564) (44 656 162) 4,946,050 7.366.644 24 633,025 587 880 13 40,544 25 (3.415,994) (3.334 521) 26 (125,188 (163 301) 2,078,437 4.436,702 27 751.486) (580532) 1,326,951 3,856, 170 255,416 618,644 1,582,367 3.237.526 1,582,367 0.032 31 3.237 526 0.066