Egyptian Resorts Company “Egyptian Joint Stock ... - ERC Egypt

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- 21 - Translated & OriginallyIssued in Arabic16- Earnings per share (loss) profit during the period:(Adjusted)From 1/1/2011 to31/3/2011From 1/1/2010 to31/3/2010L.E.L.E.(*) Net (loss) profit for the period 6 684 520 (1 196 904)(**) Average number of shares 1 050 000 000 1 050 000 000during the periodEarning profit (loss) per share L.E. (0.006)/share L.E. (0.001)/share(*) Earnings per share was not affected by employees and members of the Boardof Directors share in terms of profits which shall be determined at the end of theyear, according to draft distribution of dividends the Board of Directors till beingapproved by the General Assembly Meeting.17- Sales17-1 Net salesFrom1/1/2011 to31/3/2011From1/1/2010 to31/3/2010L.E.L.E.Land sales Sawary project 3 205 735 --Land and Villa sales income 3 205 735 --Add: Interest recalled from deferredincome1 694 865 1 921 669Total 4 900 600 1 921 66917-2 Revenue from services renderedFrom 1/1/2011to 31/3/2011From 1/1/2010to 31/3/2010L.E.L.E.Revenue from water and electricity supplied 2 319 344 2 281 590Revenue from irrigation water supplied 252 936 101 185Revenue from communication servicessupplied 121 693 68 000Revenue from community services 4 742 470 --7 436 443 2 450 775
- 22 - Translated & OriginallyIssued in Arabic18- Cost18-1 Cost of salesFrom 1/1/2011to 31/3/2011From 1/1/2010to 31/3/2010L.E.L.E.Cost of sales land of sawary project 158 400 --158 400 --19- Administrative and general expensesFrom 1/1/2011to 31/3/2011From 1/1/2010to 31/3/2010L.E.L.E.Salaries, wages and related expenses 3 448 932 3 202 652Consultancy & audit fees 1 613 604224 110Recruitment fees 10 8454 800Donations -- 200 000Rentals 324 352233 355Stationary, printings & computerexpenses 131 723142 371Employees’ training fund 50 24714 544Subscriptions 50 4525 312Traveling & transportation expenses 186 820236 697Publishing and advertising fees 34 500 --Others 516 185577 621Total 6 367 660 4 841 462(*) Salaries, wages, allowances and its related include 50 % from salary of chiefexecutive officer for the period and the other 50% was charged to work inprocess considering that it is a direct cost on the projects.
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Egyptian Resorts Company “Egyptian Joint Stock ... - ERC Egypt

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