Mezzan Holding Company K.S.C.P. and subsidiaries Consolidated statement of profit or loss for the year ended 31 December 2019 Notes 2019 2018 KD KD (Restated) Revenues 27 222,466,358 207,471,048 Cost of revenue (173,721,879) (163,452,214) Gross profit 48,744,479 44,018,834 Selling and distribution expenses General and administrative expenses (18,462,145) (16,844,976) (18,549,573) (18,330,064) Other income 23 690,220 1,886,735 Results from operating activities 12,642,490 10,511,020 Finance costs (3,666,838) (2,764,974) Share of (loss)/ profit of associates Impairment of non-financial assets- net (96,381) 116,918 24 (2,244,509) (748,020) Profit for the period before contribution to Kuwait Foundation for the Advancement of Sciences ("KFAS"), National Labour Support Tax ("NLST"), Zakat and board of directors' remuneration 6,634,762 7,114,944 (59,326) (134,477) KFAS (74,030) NLST (211,282) Zakat (53,138) (83,697) Board of directors' remuneration 12 (50,000) (75,000) Profit for the year 6,337,821 6,670,935 Profit attributable to: Sharcholders of the Company 5,635,637 6,959,019 Non-controlling interests 19 702,184 (288,084) 6,337,821 6,670,935 Earnings per share (basic and diluted) (fils) 26 18.50 fils 22.56 fils The accompanying notes form an integral part of these consolidated financial statements. Key Ratio 2019 Return on average assets 3.43207 Current ratio 1.04066 Quick ratio 0.70094 Return on average equity 6.09638 Net Profit Margin trailing 12 months 3.59489
Mezzan Holding Company K.S.C.P. and subsidiaries Consolidated statement of profit or loss for the year ended 31 December 2019 Notes 2019 2018 KD KD (Restated) Revenues 27 222,466,358 207,471,048 Cost of revenue (173,721,879) (163,452,214) Gross profit 48,744,479 44,018,834 Selling and distribution expenses General and administrative expenses (18,462,145) (16,844,976) (18,549,573) (18,330,064) Other income 23 690,220 1,886,735 Results from operating activities 12,642,490 10,511,020 Finance costs (3,666,838) (2,764,974) Share of (loss)/ profit of associates Impairment of non-financial assets- net (96,381) 116,918 24 (2,244,509) (748,020) Profit for the period before contribution to Kuwait Foundation for the Advancement of Sciences ("KFAS"), National Labour Support Tax ("NLST"), Zakat and board of directors' remuneration 6,634,762 7,114,944 (59,326) (134,477) KFAS (74,030) NLST (211,282) Zakat (53,138) (83,697) Board of directors' remuneration 12 (50,000) (75,000) Profit for the year 6,337,821 6,670,935 Profit attributable to: Sharcholders of the Company 5,635,637 6,959,019 Non-controlling interests 19 702,184 (288,084) 6,337,821 6,670,935 Earnings per share (basic and diluted) (fils) 26 18.50 fils 22.56 fils The accompanying notes form an integral part of these consolidated financial statements. Key Ratio 2019 Return on average assets 3.43207 Current ratio 1.04066 Quick ratio 0.70094 Return on average equity 6.09638 Net Profit Margin trailing 12 months 3.59489
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 103.1C: Leverage Cook Corporation issued financial statements at December 31, 2019, that include the...
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