NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10b : 3776 Section 10b27 Accounts payable and other liabilities200611112200511112KD ‘000 KD ‘000Trade payables ............................................................................................ 13,033 11,499Accrued interest.......................................................................................... 2,257 2,891Dividend payable ........................................................................................ 1,088 939Leasing creditors – amount due in less than one year .............................. 124 665Provision for rental property – amount due in less than one year.............. 1,335 1,423National labour support tax ........................................................................ 7,365 4,581Kuwait Foundation for the Advancement of Sciences ................................ 3,946 2,362Corporation tax of foreign subsidiaries ...................................................... 183 –Other accruals ............................................................................................ 8,754 13,476Donations payable ...................................................................................... 6,365 –Due to investment brokerage companies .................................................. 1,060 –Other liabilities ............................................................................................ 6,693111124,4131111252,203 1111242,2491111228 Short-term borrowingsCurrency Interest rate Security 200611112200511112KD ‘000 KD ‘000Conventional loansKuwaiti Dinars ................................ 7% – 8% Unsecured 146,525 102,450Kuwaiti Dinars ................................ 8.25% Secured 20,000 –US Dollars ...................................... 5.87% – 7.62% Unsecured 214,648 77,706Sterling .......................................... 5.55% – 6.8% Unsecured 20,945 20,503Sterling – current portion .............. 4.00% – 7.50% Secured 510 504Euro – current portion.................... 5.00% – 5.55% Unsecured 231 172Euro .............................................. 4.3% Unsecured 32611112–11112403,18511112201,33511112Islamic financing arrangementsTawarruq facilities .......................... – 10,919Less: deferred cost........................ –11112(170)11112–1111210,74911112Total .............................................. 403,185 11112212,08411112Kuwaiti Dinars loans amounting to KD20,000 thousand are secured by investments at fair valuethrough statement of income (see note 19).29 Cash and cash equivalents200611112200511112KD ‘000 KD ‘000Murabaha and wakala investments – maturing within three months ........ 22,608 –Short term deposits .................................................................................... 248,758 34,993Bank balance and cash .............................................................................. 16,258 8,712Due to banks .............................................................................................. (31,652)11112(17,127)11112255,972 1111226,57811112F-41