NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10c : 3776 Section 10c27 Accounts payable and other liabilities200511112200411112KD ‘000 KD ‘000Trade payables ............................................................................................ 11,499 15,969Accrued interest.......................................................................................... 2,891 771Dividend payable ........................................................................................ 939 829Leasing creditors - amount due in less than one year................................ 665 323Provision for rental property – amount due in less than one year.............. 1,423 594National labour support tax ........................................................................ 4,581 2,522Kuwait Foundation for the Advancement of Sciences ................................ 2,362 1,195Corporation tax............................................................................................ – 108Other accruals ............................................................................................ 13,476 5,250Other liabilities ............................................................................................ 4,413111124,5561111242,249 1111232,1171111228 Short-term borrowingsCurrency Interest rate Security 200511112200411112KD ‘000 KD ‘000Conventional loansKuwaiti Dinars ................................ 5.69% - 8.50% Unsecured 102,450 42,750US Dollars ...................................... 2.91% - 6.07% Unsecured 77,706 15,917Sterling .......................................... 2.50% - 5.50% Unsecured 20,503 23,290Sterling .......................................... 4.00% - 7.50% Secured 504 889Euro – current portion.................... 5.00% - 5.55% Secured 1721111214411112201,3351111282,99011112Islamic financing arrangementsGross amount:– Tawarruq facilities– Kuwaiti Dinar ...................... 7.00% - 8.00% Secured 5,936 –– Tawarruq facilities– US Dollars .......................... 6.00% Unsecured 2,983 –– Wakala payable– Kuwaiti Dinar ...................... 6.25% Unsecured 2,00011112–1111210,919 –Less: deferred cost........................ (170)11112 1111210,74911112–11112Total .............................................. 212,084 1111282,99011112The Sterling loan is secured against property, plant and equipment, inventories and debtors (seenote 29).One of the above Tawarruq facilities amounting to KD4,301 thousand is secured by an investmentin associate carried at KD4,721 thousand (see note 11a).F-74