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Winner of HM's Cup for the year 2006 Pioneers in the manufacturing of
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Annual 9 Months Financial Report
COMPUTER STATIONERY INDUSTRY SAOG
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2010
Group Parent Company Group Parent Company
2010 2010 2009 2009
RO RO RO RO
ASSETS
Non-current assets
Property, plant and equipment 2 ,791,467 1,396,920 2,478,810 9 06,399
Intangible asset 223,550 2 33,750
Investment in subsidiary 640,000 640,000
Total Non-current assets 3 ,015,017 2,036,920 2,712,560 1,546,399
Current assets
Inventories 837,188 283,786 6 43,504 1 87,755
Account receivables 1 ,146,466 323,526 1,158,227 3 23,475
Other receivables 157,508 94,072 1 47,747 1 05,230
Cash and bank balances 75,514 38,929 23,803 15,755
Total assets 2 ,265,249 1,194,397 1,993,018 9 18,616
Current Liabilities
Account payables 391,455 144,465 3 36,574 46,309
Other payables 168,452 33,833 1 79,719 51,038
Bank borrowings 1 ,333,987 530,531 1,332,747 4 98,851
Current portion of the Government term loan - - 16,300 16,300
Current portion of other term loans 317,894 114,000 2 49,964 33,105
Total current liabilities 2 ,214,225 822,874 2,115,522 6 45,603
Net current assets/(liabilities) 51,024 371,523 (122,504) 2 73,013
Non-current liabilities
Staff terminal benefits 155,416 5 4,770 1 67,828 83,686
Non current portion of other term loans 806,400 609,440 3 85,027 40,000
Deferred tax 100,867 2 7,307 1 01,240 29,562
Total Non-current liabilities 1,062,683 691,517 654,095 1 53,248
Net assets 2,003,358 1,716,926 1,935,961 1,666,163
Shareholders' equity
Share capital 1 ,000,000 1,000,000 1,000,000 1,000,000
Legal reserve 352,812 328,221 3 18,573 3 10,645
General reserve 80,000 - 75,000 -
Retained earnings 570,546 388,705 5 42,388 3 55,518
Total shareholders' equity 2,003,358 1,716,926 1,935,961 1,666,163
These financial statements were approved and authorised for issue by the Board of Directors on 30th October 2011 and signed on their behalf by
CHAIRMAN DIRECTOR 


COMPUTER STATIONERY INDUSTRY SAOG
Consolidated statement of comprehensive income for the year ended 31 December 2010
Group Parent Company Group Parent Company
2010 2010 2009 2009
RO RO RO RO
Revenue 3,447,142 1,091,551 3,348,843 1,176,054
Cost of sales (2,593,502) (806,740) (2,524,150) (883,601)
Gross profit 853,640 284,811 824,693 292,453
Other income 52,912 26,423 36,430 25,024
Total income 906,552 311,234 861,123 317,477
Expenses
Salaries and staff costs (304,503) (145,304) (257,178) (128,746)
General and administrative expenses (164,023) (73,536) (177,313) (79,868)
Selling and distribution expenses (37,501) (19,120) (37,382) (20,748)
Depreciation 58,487 27,816 58,314 24,182
Finance cost 130,723 20,299 159,909 42,198
Total Expenses 695,237 286,075 690,096 295,742
Operating profit  211,315 25,159 171,028 21,735
Dividend from subsidiary  -    150,000  -    100,000
Profit before taxation 211,315 175,159 171,028 121,735
Income tax expenses (18,918) (604) (15,950) (421)
Net profit after tax for the year 192,397 175,763 155,078 121,314
Total comprehensive income attributable to owners of the parent 192,397 175,763 155,078 121,314
Earnings per share 0.019 0.018 0.016 0.012
Financial statements are available in Arabic and English at the Head Office in Plot No.11, Road No.7, Rusayl Industrial Estate, Sultanate of Oman
 
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