Directors Report :    English / Arabic
                              
Unaudited Consolidated Balance Sheet:
                               English / Arabic

Unaudited Profit and Loss Account
                               English / Arabic

Unaudited Consolidated Cash Flow Statement
                               English / Arabic

Statement of change in Equity
:
                               English / Arabic

Notes  :                   English / Arabic        

Published Accounts: English / Arabic
          

 

 


                                                      
 


 

Interim Report for 9 months ended 31st January 2008.

 

 

 

 

 

 

 

Notes.

 

 

 

 

 

 

 

 

1

Inventories.

 

 

 

 

Inventories can be analysed as follows:

 

 

 

 

 

 

 

 

 

31st Jan

 

31st Jan

 

 

2008

 

2007

 

 

Ro. ' 000

 

Ro. ' 000

 

 

 

 

 

 

Raw materials

572

 

509

 

Standing Crops/Beef herds

505

 

406

 

Finished goods

53

 

68

 

Spares and consumables

255

 

242

 

Less: Provision

-65

 

-93

 

 

1320

 

1132

 

 

 

 

 

 

Finished goods at 31.1.2008 represent 4 days of sales (2007: 5 days)

 

 

 

 

 

2

Trade Receivables

 

 

 

 

At 31st January 2008 trade receivables can be analysed as follows:

 

 

 

 

 

 

 

31st Jan

 

31st Jan

 

 

2008

 

2007

 

 

Ro. ' 000

 

Ro. ' 000

 

 

 

 

 

 

Trade receivables

694

 

787

 

 

 

 

 

 

Less: Provisions

-40

 

-36

 

 

654

 

751

 

 

 

 

 

 

 

 

 

 

3

Segment Reporting

 

 

 

 

 

 

 

 

 

The Company operates in one business segment of Agriculture and Livestock development.

 

All relevant information relating to primary segment is disclosed.
 

4

Bank loans and overdrafts

 

 

 

 

 

 

 

 

 

These can be analysed as follows:

 

 

 

 

 

 

 

 

 

31st Jan

 

31st Jan

 

 

2008

 

2007

 

 

Ro. ' 000

 

Ro. ' 000

 

 

 

 

 

 

Bank loans

            1,737

 

                   1,000

 

Overdrafts

               448

 

                      341

 

 

            2,185

 

                   1,341

 

 

 

 

 

 

Less: Current maturities of bank

           -1,248

 

                     -641

 

loans and bank overdrafts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long term element of bank loans

               937

 

                     700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Bank loans bear interest at rates ranging between 4.00% to 7.03% per annum.

 

 

 

 

 

 

The Bank overdraft facilities bear interest at rates between 6.5% to 7.5.%.

 

per annum and are renewable on   December 2008.

 

 

 

 

 

 

 

Bank loans are repayble within as detailed below:

 

 

 

 

 

 

 

The maturity of the bank loans:

 

 

 

 

 

 

 

 

 

 

31st Jan

 

31st Jan

 

 

2008

 

2007

 

 

Ro. ' 000

 

Ro. ' 000

 

 

 

 

 

 

Due within 1 year

            1,248

 

                        641

 

Due after more than 1 year

               937

 

                        700

 

 

 

 

 

 

 

            2,185

 

                      1,341

 

 

 

 

 

 

 

5

Investment in associates and subsidiaries.

 

 

 

 

 

 

 

 

 

Associates (See also Note 7 )

 

 

 

 

 

 

 

 

 

 

 

Investments in Associates are accounted for using the equity method.