NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10c : 3776 Section 10c13 Investment properties200511112200411112KD ‘000 KD ‘000At 1 January................................................................................................ 2,556 –Transferred from property, plant and equipment ........................................ – 1,748Change in fair value .................................................................................... – 1,544Disposal ...................................................................................................... – (861)Foreign exchange adjustment .................................................................... (289)11112125111122,267 111122,55611112The group’s management reviewed the values of the investment properties at 31 December 2005based on the most recent professional advice and the carrying value approximates the fair value.At the beginning of the previous year, certain freehold properties located outside Kuwait weretransferred at their fair value of KD1,748 thousand from property, plant and equipment toinvestment properties, since they were no longer occupied significantly by the group.14 Available for sale investments2005 Restated11112200411112KD ‘000 KD ‘000Managed funds .......................................................................................... 54,042 45,014Unquoted equity participations .................................................................. 148,861 43,007Quoted shares ............................................................................................ 165,5481111237,02711112368,451 11112125,0481111215 Deferred tax (liability)/asset200511112200411112KD ‘000 KD ‘000Deferred tax on losses................................................................................ 532 3,878Other timing differences ............................................................................ (1,293)11112(2,467)11112(761) 111121,4111111216 Inventories200511112200411112KD ‘000 KD ‘000Finished goods and work-in-progress ........................................................ 12,328 15,200Raw materials and consumables ................................................................ 9,615 10,530Spare parts.................................................................................................. 2,864 2,808Goods in transit .......................................................................................... 1,413 607Others ........................................................................................................ 21111221111226,222 29,147Provision for obsolete and slow moving inventories .................................. (2,492)11112(2,414)1111223,730 1111226,73311112F-70