2019
2018 Restated
ASSETS
Note(s)
KD ’000
Current assets
Cash and bank balances
4
296,985
311,916
Cash and bank balances
5
555,398
521,534
Contract assets
19.2
66,889
66,062
Inventories
6
48,513
45,957
Investment securities at fair value through profit or loss
7
8,540
15,519
Assets of disposal group classified as held for sale
8
17,611
7,656
993,936
968,644
Non-current assets
Contract assets
19.2
28,134
16,940
Investment securities at FVOCI
7
6,360
7,040
Investments in associates and joint venture
9
72,612
69,851
Other non-current assets
64,669
68,755
Right of use of assets
10
181,052
-
Property and equipment
11
1,229,291
1,193,222
Intangible assets and goodwill
12
2,160,039
2,192,218
3,742,157
3,548,026
LIABILITIES AND EQUITY
Current liabilities
Trade and other payables
13
857,512
952,638
Deferred revenue
19.2
98,495
105,308
Liabilities of disposal group classified as held for sale
8
5,397
-
Income tax payables
14
61,775
11,863
Due to banks
15
180,274
412,971
Lease liabilities
16
42,795
-
1,246,248
1,482,780
Non-current liabilities
Due to banks
15
1,218,450
1,033,565
Lease liabilities
16
144,278
-
Other non-current liabilities
17
448,518
336,325
1,811,246
1,369,890
Equity
Attributable to the Company’s shareholders
Share capital
18
432,706
432,706
Share premium
1,707,164
1,707,164
Legal reserve
18
216,354
216,353
Foreign currency translation reserve
18
(1,371,841)
(1,367,018)
Investment fair valuation reserve
(1,088)
864
Other reserves
(3,044)
(4)
Retained earnings
318,509
287,143
1,298,760
1,277,208
Non-controlling interests
26
379,839
386,792
Total equity
1,678,599
1,664,000
The accompanying notes are an integral part of these consolidated financial statements.
Ahmed Tahous Al Tahous
Chairman
Bader Nasser Al Kharafi
Vice Chairman & Chief Executive Officer