TABLE 5.2 Traditional decomposition of ROE Ratio Net profit margin (ROS) Asset turnover = Return on assets (ROA) Financial leverage = Return on equity (ROE) TABLE 5.7 Liquidity ratios Ratio Current ratio Quick ratio Cash ratio Key profitability ratios Gross profit margin EBITDA margin NOPAT margin Net profit margin PP&E turnover Trade receivables turnover Days' receivables Inventories turnover Days' inventories Trade payables turnover Days' payables Cash conversion cycle TABLE 5.8 Debt and coverage ratios Ratio Liabilities-to-equity Debt-to-equity Agility Public Warehousing Company K.S.C.P. and Subsidiaries CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2022 Agility Public Warehousing Company K.S.C.P. and Subsidiaries atios for the Kuwaiti Company for the financial years C CONSOLIDATED STATEMENT OF CASH FLOWS Ratios in Table 5.2 1.1. ROE 1.2. ROA 1.3. Net Profit Ratio 1.4. Asset Turnover 1.5. Equity Multiple 1.6. Comment on Table 5.2 Ratios in Table 5.5, Key Profitability Ratios. 2.1. Gross Profit Margin 2.2. EBITDA Margin 2.3. NOPAT Margin 2.4. Net Profit Margin From Table 5.6, Asset Management Ratios 3.1. PP&E Turnover 3.2. Trade Receivables Turnover 3.3. Days' Receivables 3.4. Inventories Turnover 3.5. Days' Inventories 3.6. Trade Payables Turnover 3.7. Days' Payables 3.8. Cash Conversion Cycle From Table 5.7, Liquidity Ratios 4.1. Current Ratio 4.2. Quick Ratio Agility Public Warehousing Company K.S.C.P. and Subsidiaries CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 31 December For the year ended 31 December 2022 31 December 2022 2021 Notes KD 000's KD 000's For the year ended 31 December 2022 OPERATING ACTIVITIES Change in fair value of investment properties Expected credit losses of trade receivables Foreign currency exchange gain 748 225 Notes 2022 KD 000's 2021 KD 000's Profit before taxation and Directors' remuneration from continuing operations Profit before taxation and Directors' remuneration from discontinued operations 97,053 25 49,603 974,093 Profit before taxation and Directors' remuneration Adjustments for: 97,053 1,023,696 (22,533) 14 3,535 (12,004) 9,305 Provision for employees' end of service benefits 18 8,407 9,853 (1,798) (1,505) Gain on sale of discontinued operations before tax Share of results of associates and joint ventures 10 1,983 (904,146) (4,453) Revaluation loss on financial assets at fair value through profit or loss Dividend income 6,281 13,798 (4,774) Miscellaneous income (5,448) (9,962) Depreciation of property, plant and equipment and right-of-use assets Amortisation 45,506 60,648 8 6,439 4,801 Interest income (616) (430) 32,160 23,678 166,195 213,279 (18,506) 2,094 (25,708) (80,792) (2,522) (10,792) (4,707) 64,030 114,752 187,819 (9,821) (16,576) 18 (4,543) (11,839) (350) (140) 100,038 159,264 Finance costs Operating profit before changes in working capital Inventories Trade receivables Other current assets Trade and other payables Taxation paid Employees' end of service benefits paid Directors' remuneration paid Net cash flows from operating activities INVESTING ACTIVITIES Net movement in financial assets at fair value through profit or loss Net movement in financial assets at fair value through other comprehensive income Additions to property, plant and equipment Proceeds from disposal of property, plant and equipment Loans to related parties Additions to intangible assets Additions to projects in progress Additions to investment properties Dividends received Acquisition of additional interests in a subsidiaries Acquisition of subsidiaries net of cash acquired Cash outflow on disposal of discontinued operations Interest income received Net movement in deposits with original maturities exceeding three months Net cash flows used in investing activities FINANCING ACTIVITIES Net movement in interest bearing loans Payment of lease obligations Proceeds on sale of treasury shares Finance costs paid Dividends paid to equity holders of the Parent Company Dividends paid to non-controlling interests Net cash flows from (used in) financing activities Net foreign exchange translation differences NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at 1 January CASH AND CASH EQUIVALENTS AT 31 DECEMBER (5,515) 7,658 (63,340) (18,873) (22,609) (28,208) 8,470 277 (25,739) (16,512) (20) 5 (32,567) (14,806) 7 (12,034) 9,069 2,213 (126) (194,324) (4,225) (138,668) 1,428 8,848 485 (23,942) (316,279) (246,781) 55 25 349,436 76,329 (29,928) (37,154) 21,081 (26,071) (16,072) (41,629) (19,467) (14,972) (9,969) 257,917 (6,333) (687) (1,010) 40,989 (94,860) 74,036 168,896 16 115,025 74,036 Agility Public Warehousing Company K.S.C.P. and Subsidiaries CONSOLIDATED STATEMENT OF INCOME For the year ended 31 December 2022 Notes 2022 KD 000's 2021 KD 000's ASSETS Non-current assets Property, plant and equipment Projects in progress 2022 KD 000's 2021 KD 000's Right-of-use assets Investment properties Intangible assets Goodwill Investment in associates and joint ventures Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income 4567892 298,160 37,396 155,042 176,452 28,635 95,213 474,823 434,989 Profit for the year 87,031 996,58 70,270 11,183 292,392 35,924 Other comprehensive (loss) income: 10 142,926 105,920 11 116,813 125,254 Items that are or may be reclassified to consolidated statement of income in subsequent periods: 12 976,412 Other non-current assets Loans to related parties 30 65,350 182,969 1,397,859 28,213 Foreign currency translation adjustments (64,248) 155,692 Loan to an associate 30 35,591 35,169 Exchange differences on disposal of discontinued operations (Note 25) Share of other comprehensive income of associates and joint venture (Note 10) (75,710 28,05. CONTINUING OPERATIONS Revenue from contract with customers Cost of revenues Net revenues General and administrative expenses Change in fair value of investment properties Transaction costs on acquisition of subsidiaries Share of results of associates and joint ventures 22 22 863,380 (390,054) 486,154 (234,776) 27 23 473,326 (309,704) 22,533 251,378 (155,044) 12,004 (7,571) 10 (1,983) 4,453 Revaluation loss on financial assets at fair value through profit or loss Dividend income (6,281) (13,798) 4,774 1,540 95: Miscellaneous income 5,448 9,962 Total non-current assets 2,848,144 2,630,503 (Loss) Gain on hedge of net investments (Note 19) (14,083) 1,46 Current assets Gain on cash flow hedges 20,721 7,87' Inventories 13 Trade receivables 14 Other current assets 15 Bank balances, cash and deposits 16 3456 45,247 213,990 102,204 18,764 91,094 65,825 Profit before interest, taxation, depreciation, amortisation and Directors' remuneration (EBITDA) Depreciation Net other comprehensive loss that are or may be reclassified to consolidated statement of income in subsequent periods Amortisation (56,070) (37,35! 131,264 Total current assets TOTAL ASSETS 492,705 3,340,849 99,123 274,806 2,905,309 Items that will not be reclassified to consolidated statement of income Changes in fair value of equity instruments at fair value through other comprehensive income Profit before interest, taxation and Directors' remuneration (EBIT) Interest income Finance costs (393,108) (54,88: EQUITY AND LIABILITIES EQUITY Share capital Share premium Statutory reserve Treasury shares Re-measurement (loss) gain on defined benefit plans (Note 18) (6,751) 2,51' Profit before taxation and Directors' remuneration Taxation 24 24 17 17 17 7777 17 267,613 223,011 Directors' remuneration 152,650 152,650 Net other comprehensive loss that will not be reclassified to consolidated statement of income 195,595 188,450 (40,561) (49,239) Total other comprehensive loss Treasury shares reserve Foreign currency translation reserve Hedging reserve Investment revaluation reserve Other reserves Retained earnings 56,769 44,366 2777 17 (150,788) (84,486) Total comprehensive (loss) income for the year 17 (4,695) (12,873) 17 (446,276) (57,372) 17 27,713 34,464 1,543,601 1,573,610 Attributable to: Non-controlling interests Equity holders of the Parent Company Equity attributable to equity holders of the Parent Company Non-controlling interests 1,601,621 119,025 1,720,646 2,012,581 46,510 (399,859) (455,929) (368,898) (52,36: PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS (89,724 DISCONTINUED OPERATIONS Profit after tax from discontinued operations 906,86 PROFIT FOR THE YEAR (389,943) 21,045 (368,898) 888,59 18,26. 906,86 180,542 108,955 (45,506) (33,840) (6,439) (4,801) 128,597 70,314 616 412 (32,160) (21,123) 97,053 49,603 (9,672) (6,677) (350) (350) 87,031 42,576 25 954,009 87,031 996,585 Attributable to: Equity holders of the Parent Company Profit for the year from continuing operations Profit for the year from discontinued operations 2,059,091 68,040 24,236 953,189 68,040 977,425 Total equity LIABILITIES Non-current liabilities Provision for employees' end of service benefits Interest bearing loans Lease liabilities Other non-current liabilities Total non-current liabilities Current liabilities Interest bearing loans Lease liabilities Trade and other payables Dividends payable Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES 18 19 20 8968 29,169 22,478 885,869 408,318 133,742 88,811 43,203 4,846 1,091,983 524,453 21 262 19 47,101 15,224 34,582 438,094 14,861 283,706 8,443 7,974 528,220 1,620,203 3,340,849 321,765 846,218 2,905,309 Non-controlling interests Profit for the year from continuing operations Profit for the year from discontinued operations 18,991 18,340 820 18,991 19,160 87,031 996,585 PROFIT FOR THE YEAR BASIC AND DILUTED EARNINGS PER SHARE - ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY (fils) 27 26.83 386.97 BASIC AND DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS - ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY (fils) 27 26.83 9.60