COMPUTER STATIONERY INDUSTRY SAOG
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2009 Group Parent Company Group Parent Company 2009 2009 2008 2008 RO RO RO RO ASSETS Non-current assets Property, plant and equipment 2,478,810 906,399 2,461,270 916,927 Intangible asset 233,750 243,950 Investment in subsidiary 640,000 640,000 Total Non-current assets 2,712,560 1,546,399 2,705,220 1,556,927 Current assets Inventories 643,504 187,755 1,079,409 380,178 Accounts and other receivables 1,325,710 715,106 1,305,860 500,233 Cash in hand and at bank  23,803 15,755 34,368 21,651 Total Current assets 1,993,018 918,616 2,419,637 902,062 Total assets 4,705,578 2,465,015 5,124,857 2,458,989 EQUITY AND LIABILITIES Capital and reserves Share capital 1,000,000 1,000,000 1,000,000 1,000,000 Legal reserve 318,573 310,645 293,064 298,513 General reserve 75,000 - 70,000  -    Retained earnings 542,388 355,518 617,819 446,336 1,935,961 1,666,163 1,980,883 1,744,849 Non-current liabilities Government term loans and deferred income - - 16,300 16,300 Other term loans 385,027 40,000 460,843 11,105 Deferred tax 101,240 29,562 104,452 32,858 Employee end of service benefits 167,828 83,686 153,223 76,872 Total Non-current liabilities 654,095 153,248 734,818 137,135 Current liabilities Current portion of Government term loans and deferred income 16,300 16,300 16,300 16,300 Current portion of other term loans  249,964 33,105 336,839 38,892 Taxation 19,083 3,681 44,883 15,900 Accounts and other payables 497,428 93,666 671,835 143,497 Bank borrowings 1,332,747 498,851 1,339,299 362,416 Total Current liabilities 2,115,522 645,603 2,409,156 577,005 Total liabilities 2,769,617 798,851 3,143,974 714,140 Total equity and liabilities 4,705,578 2,465,015 5,124,857 2,458,989 Net assets 1,935,961 1,666,163 1,980,883 1,744,849 Net assets per share 0.194 0.167 0.198 0.174 These financial statements were approved and authorised for issue by the Board of Directors on 7 February 2010 and signed on their behalf by CHAIRMAN DIRECTOR  COMPUTER STATIONERY INDUSTRY SAOG CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2009 Group Parent Company Group Parent Company 2009 2009 2008 2008 RO RO RO RO Revenue 3,348,843 1,176,054 3,859,457 1,368,652 Cost of sales (2,524,150) (883,601) (2,761,672) (947,896) Gross profit 824,693 292,453 1,097,785 420,756 Other income 36,430 25,024 62,212 40,310 Total income 861,123 317,477 1,159,997 461,066 Expenses General and administrative expenses (492,805) (232,796) (548,722) (257,942) Selling and distribution expenses (37,382) (20,748) (59,752) (21,778) Finance charges (159,909) (42,198) (122,945) (28,447) Total Expenses (690,096) (295,742) (731,419) (308,167) Operating profit  171,028 21,735 428,578 152,899 Dividend from subsidiary  -    100,000  -    130,000 Profit before taxation 171,028 121,735 428,578 282,899 Taxation (15,950) (421) (44,920) (13,399) Profit for the year 155,078 121,314 383,658 269,500 Earnings per share 0.016 0.012 0.038 0.027 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

Computer Stationery Industry SAOG Unaudited consolidated Statement of Comprehensive Income For the Six months ended 30th June 2010 Particulars 6 months ended 6 months ended Change %   30-Jun-2010 30-Jun-09     RO RO           Turnover/Revenue 1,652,365 1,764,287 (6.34) % Gross profit 580,267  595,293 (2.52) %         Depreciation (190,108) (183,479) 3.61 % Admin & General expenses (228,417) (228,628) (0.09) %         Operating profit 161,742 183,186 (11.71) % Finance charges (70,263) (75,202) (6.57) % Other Income 24,816 21,639 14.68 % Investment income - -   Balance 116,295 129,623 (10.28) % Prior year Tax Payment (48)     Profit before taxation and minority interests 116,247   129,623 (10.32) % Taxation  * (10,633)  (13,356) (20.39) %         Net profit attributable to ordinary shareholders 105,614   116,267 (9.16) % Dividend per share**   -   -           Net profit margin***  6.39% 6.59% (3.01) %         *  represents  provision for taxation & deferred Taxation ** - Dividend per share is calculated by dividing the dividends paid or proposed during the period by the average number of shares in issue for the period *** -  Net profit margin  =Net profit for the period x 100/ Turnover for period         Computer Stationery Industry SAOG Unaudited consolidated Statement of Financial Position as on 30-06-2010 Particulars 30-Jun-10 30-Jun-09 Change % RO RO   Fixed Assets   2,759,515 2,752,376 0.26 % Current Assets       Inventories 695,970 779,332 (10.70) %         Trade receivables 1,140,204 1,124,766 1.37 % Receivable from related parties 35,820 35,733 0.24 % Advances to related Parties    -    -   Investments - -   Bank and cash 28,231 15,511 82.01 % Other assets     104,820 34,469 204.10 % Total Current Assets 2,005,045 1,989,811 0.77 % Current Liabilities       Trade and other creditors 122,026 98,678 23.66 % Payable to related parties 386 1,183 (67.37) % Bank overdrafts   1,736,730 1,646,775 5.46 % Short term maturity of long term loans 236,046 286,782 (17.69) % Accrued expenses 305,769 324,862 (5.88) % Unpaid dividends 252 1,615 (84.40) % Provision for deferred tax 104,540 107,752 (2.98) % Provision for taxation 7,333 9,976 (26.49) %         Total Current Liabilities 2,513,082 2,477,623 1.43 %         Long term liabilities       Bank loans  334,903 351,114 (4.62) % Government Soft Loans - 16,300 (100.00) % Total Liabilities 334,903 367,414 450,657 Net Assets 1,916,575 1,897,150 1.02 % Shareholders' funds       Share Capital 1,000,000 1,000,000 0.00% Legal Reserve 326,823 293,064 11.52 % Profit and loss account 514,752 534,086 (3.62) % General Reserve 75,000 70,000 7.14% Total Shareholders equity  1,916,575 1,897,150 1.02 %