Select any one of companies being operated in Sultanate of Oman. Write in your own words about an
- Introduction of the company,
- Mission and vision of the company,
- From the latest financial statement of the company calculate Earnings per share, Dividend cover ratio and Price Earning ratio of the company.
Financial statements for the year ended 31 December 2020 5 Statement of financial position Notes 2020 2019 ASSETS RO RO Non-current assets Property, plant and equipment 5 105,383,785 112,023,170 Right-of-use asset 6 763,042 810,732 Intangible assets 7 1,581 17,549 Investment in an associate 8 1,003,741 1,020,171 Investment at amortized costs 10 976,672 7,981,662 Bank deposits 12 975,315 8,466,608 Total non-current assets 109,104,136 130,319,892 Current assets Investments at fair value through profit or loss 11 113,480 120,920 Investment at amortized costs 10 7,000,000 3,272,700 Bank deposits 12 7,500,000 2,000,000 Inventories 13 25,425,439 25,030,963 Accounts and other receivables 14 9,962,024 9,769,735 Cash and bank balances 15 6.826.083 3,056,970 Total current assets 56,827,026 43,251,288 TOTAL ASSETS 165,931,162 173,571,180 EQUITY AND LIABILITIES Equity Share capital 16 33,087,271 33,087,271 Share premium 17 6,724,145 6,724,145 Legal reserve 18 (a) 11,029,090 11,029,090 Voluntary reserve 18 (b) 16,543,635 16,543,635 Fair value reserve 9 (b) (692,847) (692,847) Retained earnings 80,193,333 81,628,021 Total equity 146,884,627 148,319,315 LIABILITIES Non-current liabilities Non-current portion of term loans 19 2,062,408 Non-current portion of lease liability 20 774,723 803,231 Deferred tax liability 22 7,800,161 7,703,480 Employees' end of service benefits 29 (b) 892,681 1,048,624 Total non-current liabilities 9,467,565 11,617,743 Current liabilities Current portion of term loans 19 2,062,375 5,315,566 Current portion of lease liability 20 28,451 28,451 Accounts and other payables 21 6,515,198 7.808,487 Taxation 22 972,946 481,618 Total current liabilities 9,578,970 13,634,122 Total liabilities 19,046,535 25,251,865 TOTAL EQUITY AND LIABILITIES 165,931,162 173,571,180 Net assets per share 24 (a) 0.444 0.448 These financial statements were approved and authorized for issue by the Board of Directors on 3 March 2021 and signed on their behalf by: Oman Cement Company SAOG Financial statements for the year ended 31 December 2020 6 Statement of profit or loss and other comprehensive income Notes 2020 2019 RO RO INCOME Revenue 25 50,143,753 48,129,376 Cost of sales 26 (41,609,445) (41,452,628) 8,534,308 6,676,748 Gross profit EXPENSES General and administration 27 (3,148,086) (3.478,594) Operating profit Other operating income Net finance income Net investment income 28 30 32 5,386,222 102,052 782,570 180,160 3,198,154 235,347 498,809 756,509 6,451,004 (1,268,238) 4,688,819 (675,707) 22 5,182,766 4,013,112 Profit before taxation Taxation Profit for the year Other comprehensive income for the year: Not reclassifiable to income statement: Fair value change in investments at FVOCI Other comprehensive income for the year 9 (b) (1,560,268) (1,560,268) Total comprehensive income for the year 5,182,766 2,452,844 Basic earnings per share 24 (b) 0.016 0.012
