Galfar Engineering and Contracting SAOG and its Subsidiaries

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 31 December 2012
Notes
ASSETS
Non-current assets
Property, plant and equipment
Investment in subsidiaries
Investment in associates
Available for sale investments
Retentions receivable

Parent Company
2011
2012
RO 000
RO 000

Consolidated
2011
2012
RO 000
RO 000

4
5
6
7

107,534
1,105
8,719
125
22,249
139,732

108,361
957
8,754
125
16,750
134,947

116,803
9,729
145
22,249
148,926

114,098
9,826
145
16,750
140,819

8
9
10
11
12
13

32,593
189,462
44,778
21,654
12,631
1,736
302,854

28,849
182,071
27,420
18,013
1,010
1,951
259,314

32,828
195,889
45,313
17,451
12,674
3,468
307,623

29,040
185,123
27,660
17,295
1,050
2,359
262,527

442,586

394,261

456,549

403,346

33,000
16,503
11,000
30,964

33,000
16,503
11,000
25,346

33,000
16,503
11,106
(1,019)
31,420

33,000
16,503
11,085
26,357

91,467
91,467

85,849
85,849

91,010
848
91,858

86,945
686
87,631

19
20
24
33

22,612
8,658
7,120
5,109
32,828
76,327

25,065
7,454
7,344
5,273
23,250
68,386

22,900
8,788
7,302
5,437
32,828
77,255

25,992
7,559
7,639
5,273
23,250
69,713

21
22
19
33
23
24

Total liabilities

58,094
35,650
32,393
4,008
143,165
1,482
274,792
351,119

45,923
25,850
20,258
4,104
142,857
1,034
240,026
308,412

61,903
35,650
32,694
4,261
150,925
2,003
287,436
364,691

47,224
25,850
20,972
4,104
145,925
1,927
246,002
315,715

TOTAL EQUITY AND LIABILITIES

442,586

394,261

456,549

403,346

0.277

0.260

0.276

0.263

Current assets
Inventories
Trade receivables
Work in progress
Advances, prepayments and other receivables

Deposits with bank

Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
Share capital
Share premium
Statutory reserve
Foreign currency translation reserve
Retained earnings

14
15
17
18

Equity attributable to equity holders of the

parent company
Non-controlling interests
Total equity
Non-current liabilities
Term loans
Employees' end of service benefits
Deferred tax liability
Finance lease
Other payables
Current liabilities
Bank borrowings
Short term loans
Term loans - current portion
Finance lease - current portion
Trade and other payables
Income tax payable

Net assets per share (RO)

31

The consolidated financial statements were approved by the board of directors on 6 March 2013 and were signed
on their behalf by:

____________________
Chairman

____________________
Chief Financial Officer

The attached notes 1 to 38 form part of these consolidated financial statements.

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2