NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10b : 3776 Section 10bConsolidated balance sheet31 Dec. 31 Dec.Note 200611112200511112KD ‘000 KD ‘000AssetsNon-current assetsGoodwill........................................................................................ 9 13,586 9,776Property, plant and equipment .................................................... 10 31,465 26,406Investment in associates.............................................................. 11 125,912 120,911Investment in joint ventures ........................................................ 12 285 253Investment properties .................................................................. 13 267 2,267Available for sale investments...................................................... 14 426,399 368,451Deferred tax.................................................................................. 15 15111112–11112Total non-current assets ............................................................ 598,06511112528,06411112Current assetsInventories.................................................................................... 16 23,960 23,730Accounts receivable and other assets ........................................ 17 56,330 126,720Murabaha and wakala investments.............................................. 18 57,608 –Investments at fair value through statement of income.............. 19 456,165 386,741Short-term deposits...................................................................... 248,758 34,993Bank balances and cash .............................................................. 16,258111128,71211112Total current assets .................................................................... 859,07911112580,89611112Total assets ................................................................................ 1,457,144 111121,108,96011112Equity and liabilitiesEquity attributable to shareholders of the parent companyShare capital ................................................................................ 20 107,033 74,674Treasury shares ............................................................................ 21 (56,378) (16,800)Reserves ...................................................................................... 23 264,315 115,639Cumulative changes in fair value.................................................. 146,409 202,342Retained earnings ........................................................................ 260,40411112247,77711112721,783 623,632Minority interest ........................................................................ 111,0571111249,87811112Total equity ................................................................................ 832,84011112673,51011112Non-current liabilitiesBonds payable and Musharaka bonds.......................................... 24 45,857 17,527Long-term borrowings .................................................................. 25 79,710 98,141Leasing creditors .......................................................................... 59 1,028Deferred tax.................................................................................. 15 – 761Provisions .................................................................................... 26 11,6381111211,53311112Total non-current liabilities........................................................ 137,26411112128,99011112Current liabilitiesAccounts payable and other liabilities .......................................... 27 52,203 42,249Bonds payable .............................................................................. 24 – 35,000Short-term borrowings ................................................................ 28 403,185 212,084Due to banks ................................................................................ 29 31,6521111217,12711112Total current liabilities................................................................ 487,04011112306,46011112Total equity and liabilities ........................................................ 1,457,144 1,108,96011112 1111211112 11112The notes set out on pages 9 to 33 form an integral part of these consolidated financial statements.F-16