NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10a : 3776 Section 10aConsolidated balance sheet31 March 31 Dec. 31 March2007 2006 2006Note (Unaudited)111112(Audited)111112(Unaudited)111112KD ‘000 KD ‘000 KD ‘000AssetsNon-current assetsGoodwill ................................................................ 12,371 13,586 9,843Property, plant and equipment .............................. 32,441 31,465 28,656Investment in associates ...................................... 145,954 125,912 120,936Investment in joint ventures .................................. – 285 255Investment properties............................................ – 267 2,282Available for sale investments .............................. 5 482,663 426,399 352,140Deferred tax .......................................................... 152111112151111112–111112Total non-current assets...................................... 673,581111112598,065111112514,112111112Current assetsInventories ............................................................ 24,286 23,960 22,541Accounts receivable and other assets .................. 65,898 56,330 130,791Murabaha and wakala investments ...................... 51,785 57,608 –Investments at fair value through statement ofincome .............................................................. 6 544,923 456,165 388,445Short-term deposits .............................................. 182,965 248,758 35,258Bank balances and cash ........................................ 25,97511111216,25811111223,062111112Total current assets ............................................ 895,832111112859,079111112600,097111112Total assets .......................................................... 1,569,413 1111121,457,144 1111121,114,209111112Equity and liabilitiesEquity attributable to shareholders of theparent companyShare capital ........................................................ 107,033 107,033 74,674Treasury shares...................................................... (45,212) (56,378) (40,968)Reserves................................................................ 8 265,977 264,315 115,446Cumulative changes in fair value .......................... 137,592 146,409 186,729Retained earnings .................................................. 320,310111112260,404111112273,596111112785,700 721,783 609,477Minority interest .................................................. 110,896111112111,05711111268,867111112Total equity .......................................................... 896,596 111112832,840 111112678,344111112Non-current liabilitiesBonds payable and Musharka bonds .................... 45,857 45,857 17,550Long-term borrowings .......................................... 79,245 79,710 82,237Leasing creditors .................................................. 34 59 1,035Deferred tax .......................................................... – – 766Provisions .............................................................. 11,61611111211,63811111211,810111112Total non-current liabilities ................................ 136,752111112137,264111112113,398111112Current liabilitiesAccounts payable and other liabilities.................... 55,034 52,203 51,824Bonds payable........................................................ – – 35,000Short-term borrowings .......................................... 454,629 403,185 229,826Due to banks ........................................................ 26,40211111231,6521111125,817111112Total current liabilities ........................................ 536,065111112487,040111112322,467111112Total equity and liabilities .................................. 1,569,413 1111121,457,144 1111121,114,209111112The notes set out on pages 8 to 13 form an integral part of this interim consolidated financialinformation.F-4