NIG Prospectus - London Stock Exchange

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Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10a : 3776 Section 10aConsolidated statement of incomeThree Threemonths monthsended 31 ended 31March 2007 March 2006Note (Unaudited)111112(Unaudited)111112KD ‘000 KD ‘000Sales .................................................................................. 28,734 19,533Cost of sales ...................................................................... (23,391)111112(15,410)111112Gross profit ...................................................................... 5,343 4,123Investments income .......................................................... 3 74,899 2,638Share of profits of associates ............................................ 3,450 3,240Other operating income...................................................... 802 161Distribution costs................................................................ (1,583) (1,019)General, administrative and other expenses ...................... (4,738)111112(4,340)111112Profit from operations...................................................... 78,173 4,803Finance costs...................................................................... (10,213) (6,074)Profit on partial disposal of associate ................................ – 559Profit on partial disposal of subsidiaries ............................ – 30,226Impairment in value of goodwill ........................................ (1,250) –Gain on foreign exchange .................................................. 717111112135111112Profit for the period .......................................................... 67,427 29,649Taxation .............................................................................. (172) (73)Provision for contribution to Kuwait Foundation for theAdvancement of Sciences .............................................. (662) (448)Provision for Directors’ remuneration ................................ (50) (50)Provision for National Labour Support Tax .......................... (1,318)111112(1,624)111112Net profit for the period .................................................. 65,225 11111227,454111112Attributable to:Shareholders of the parent ................................................ 59,788 28,560Minority interest ................................................................ 5,437111112(1,106)11111265,225 27,454111112 111112111112 111112Earnings per share attributable to the shareholders of theparent company .............................................................. 4 54 Fils 11111233 Fils111112The notes set out on pages 8 to 13 form an integral part of this interim consolidated financialinformation.F-3
Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10a : 3776 Section 10aConsolidated balance sheet31 March 31 Dec. 31 March2007 2006 2006Note (Unaudited)111112(Audited)111112(Unaudited)111112KD ‘000 KD ‘000 KD ‘000AssetsNon-current assetsGoodwill ................................................................ 12,371 13,586 9,843Property, plant and equipment .............................. 32,441 31,465 28,656Investment in associates ...................................... 145,954 125,912 120,936Investment in joint ventures .................................. – 285 255Investment properties............................................ – 267 2,282Available for sale investments .............................. 5 482,663 426,399 352,140Deferred tax .......................................................... 152111112151111112–111112Total non-current assets...................................... 673,581111112598,065111112514,112111112Current assetsInventories ............................................................ 24,286 23,960 22,541Accounts receivable and other assets .................. 65,898 56,330 130,791Murabaha and wakala investments ...................... 51,785 57,608 –Investments at fair value through statement ofincome .............................................................. 6 544,923 456,165 388,445Short-term deposits .............................................. 182,965 248,758 35,258Bank balances and cash ........................................ 25,97511111216,25811111223,062111112Total current assets ............................................ 895,832111112859,079111112600,097111112Total assets .......................................................... 1,569,413 1111121,457,144 1111121,114,209111112Equity and liabilitiesEquity attributable to shareholders of theparent companyShare capital ........................................................ 107,033 107,033 74,674Treasury shares...................................................... (45,212) (56,378) (40,968)Reserves................................................................ 8 265,977 264,315 115,446Cumulative changes in fair value .......................... 137,592 146,409 186,729Retained earnings .................................................. 320,310111112260,404111112273,596111112785,700 721,783 609,477Minority interest .................................................. 110,896111112111,05711111268,867111112Total equity .......................................................... 896,596 111112832,840 111112678,344111112Non-current liabilitiesBonds payable and Musharka bonds .................... 45,857 45,857 17,550Long-term borrowings .......................................... 79,245 79,710 82,237Leasing creditors .................................................. 34 59 1,035Deferred tax .......................................................... – – 766Provisions .............................................................. 11,61611111211,63811111211,810111112Total non-current liabilities ................................ 136,752111112137,264111112113,398111112Current liabilitiesAccounts payable and other liabilities.................... 55,034 52,203 51,824Bonds payable........................................................ – – 35,000Short-term borrowings .......................................... 454,629 403,185 229,826Due to banks ........................................................ 26,40211111231,6521111125,817111112Total current liabilities ........................................ 536,065111112487,040111112322,467111112Total equity and liabilities .................................. 1,569,413 1111121,457,144 1111121,114,209111112The notes set out on pages 8 to 13 form an integral part of this interim consolidated financialinformation.F-4
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NIG Prospectus - London Stock Exchange

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