Analysis of Financial Statements of Al Abbas Cement Ltd.

7/23/2019 Analysis of Financial Statements of Al Abbas Cement Ltd.

1/18

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Av

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2/18

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ywppkqu hqkd ucg fbfufj` uk ucg hfbj` `gxg` gbja`ge dg uk egxg`kp jb wbegqyujbefbm kh ucg ywangiu"

@jyu`v F khhgq dv qgmjqey jbe a`gyyfbmy uk j`` kh uckyg }ck ywppkquge dg fb jbv qgypgiu ewqfbm

ucg ikdp`gufkb kh ucg pqkngiu"


3/18

Fbuqkewiufkb

J`$Jaajy Igdgbu Fbewyuqfgy @fdfuge gbmjmgy fb ucg djbwhjiuwqg jbe djqlgufbm kh

igdgbu fb _jlfyujb" Ucg ikdpjbv }jy hkwbege fb :63: jbe fy cgjezwjqugqge fb Ljqjicf

_jlfyujb" J`$Jaajy Igdgbu Fbewyuqfgy @fdfuge fy j pjqu kh J`$Jaajy" Ewqfbm ucg hfyij` vgjq

gbege Nwbg 9? 1?:? ucg Ikdpjbv-y jiuwj` pqkewiufkb }jy 731315 dguqfi ukby"

J` Jaajy Igdgbu Fbewyuqfgy @fdfuge #JJIF@& }jy fbikqpkqjuge kb 6uc Hgaqwjqv :638 jy

j pwa`fi `fdfuge ikdpjbv" _qgygbu`v fuy ycjqgy jqg zwkuge kb j`` ucg ucqgg yukil gsicjbmgy kh ucg

ikwbuqv" Fu fy pjqu kh ucg J` Jaajy Mqkwp }cfic" J` Jaajy Igdgbu Fbewyuqfgy @fdfuge #JJIF@&

fy fbxk`xge fb ucg djbwhjiuwqfbm jbe djqlgufbm kh igdgbu" Fuy pqkewiuy fbi`weg kqefbjqv _kqu`jbe

igdgbu ywfuja`g hkq ikbiqgug ikbyuqwiufkb jbe yw`pcjug qgyfyujbu igdgbu fegj` hkq ikbyuqwiufkb fb

kq bgjq ygj" Ucg ikdpjbv-y yw`pcjug qgyfyujbu igdgbu cjy `gyy ucjb 1"? I9J ikbugbu }cgqgjy ucg

djsfdwd `fdfu kh I9J ikbugbu ygu av Aqfufyc jbe _jlfyujb yujbejqey fy 9"7" Ucwy ucg ikdpjbv-y

yw`pcjug qgyfyujbu igdgbu fy cfmc`v pqghgqqge fb fdpkqujbu pqkngiuy ywic jy ucg Ucj` Mqgjugq Ijbj`

pqkngiu"

Ucg igdgbu Fbewyuqv kh _jlfyujb cjy jqkwbe 17 jiufxg _`jvgqy" Jqkwbe :?' cjxg `gyy

ucjb 1' djqlgu ycjqg gjic" Ju ucg yjdg ufdg ucg ukp 5 p`jvgqy ikbuqk` dkqg ucjb 5?' pqkewiufkb

ijpjifuv fb ucg fbewyuqv" Ucg igdgbu ygiukq fy efxfege fbuk ucg bkquc jbe ykwuc ~kbgy" _qgygbu`v

bkquc ~kbg jiikwbuy hkq jqkwbe 3?' kh ucg qjuge ijpjifuv }fuc :6 p`jbuy }cf`g ykwuc ~kbg

jiikwbuy hkq 1?' }fuc :? p`jbuy"


4/18

Fbewyuqv Kxgqxfg}

Ucg vgjq wbegq qgxfg} cjy aggb kbg kh ucg }kqyu fb ucg cfyukqv hkq ucg `kij` igdgbu

fbewyuqv fb ugqdy kh pqfigy jbe pqkhfujaf`fuv" Ucg kbmkfbm qgigyyfkb ikwp`ge }fuc ijpjifuv

gspjbyfkby fb ucg _jlfyujbf igdgbu ygiukq cjxg iqgjuge j yfuwjufkb kh gsigyy ywpp`v jbe j hqgg hj``

fb pqfigy ewg uk j ygxgqg pqfig }jq" Ucg ukuj` igdgbu pqkewiufkb ijpjifuv kh ucg fbewyuqv yujbey ju

57 df``fkb ukby av gbe kh HV:? }fuc ijpjifuv wuf`f~jufkb kh ucg fbewyuqv gyufdjuge ju 83'" Ucg

hfgqig pqfig }jq cjy eqjyufij``v gqkege qgugbufkb pqfigy kb kbg cjbe }cf`g kb ucg kucgq cjbe

fbpwu pqfigy cjxg j`yk fbiqgjyge fb mgbgqj` pjqufiw`jq`v g`giuqfifuv icjqmgy ucju cjxg fbiqgjyge av

13'"

Kb ucg ajileqkp kh egi`fbfbm pqfigy kxgqj`` igdgbu xk`wdguqfi mqk}uc qgmfyugqge jb

fbiqgjyg kh 6"9' uk yujbe ju 95"1 df``fkb ukby" Ucg fbiqgjyg fb ucg ekdgyufi efypjuicgy kh ucg

fbewyuqv fy :5"89 ' jbe ucg egiqgjyg fb gspkquy fy ?"36'" Ucg fbiqgjyg fy ydj`` ikdpjqge uk ucg

egi`fbg fb pqfigy }cfic }jy 1="79' fb ucg `kij` djqlgu jbe j :1"6?' eqkp fbugqbjufkbj``v"

]cf`g gspkquy fbiqgjyge ikbyfegqja`v ewqfbm HV?6 ewg uk gspjbefbm ijpjifuv kh bgfmcakqfbm

ikwbuqfgy ucg `kij` igdgbu fbewyuqv }jy wbja`g uk ijpfuj`f~g ucg djqlgu jbe kb`v j djqmfbj` qfyg

}jy yggb ewqfbm HV:?"

_qkewiufkb jbe Yj`gy

Vgjq kxgq vgjq J`$Jaajy Igdgbu Fbewyuqfgy @fdfuge cjy yggb qgxgbwgy hj`` hqkd 9"?

Af``fkb uk 1"1 Af``fkb" Fb jeefufkb ucg ikdpjbv cjy aggb wbja`g uk qgewig ucg pgqigbujmg kh yj`gy

egxkuge uk ikyu kh mkkey yk`e YMJ gspgbygy jbe fbikdg ujs gspgbygy" Ucfy cjy `ge uk j

qgewiufkb fb ucg akuukd `fbg hqkd j mjfb kh :1:"3D uk j `kyy kh =1?"8D"

J`$Jaajy Igdgbu Fbewyuqfgy @fdfuge djv cjxg dkqg hfbjbifj` qfyl ucjb kucgq ikdpjbfgy

fb ucg Ikbyuqwiufkb Djugqfj`y fbewyuqv jy fu fy kbg kh ucg dkyu cfmc`v `gxgqjmge }fuc j Egau uk


5/18

Ukuj` Ijpfuj` qjufk kh =3"7='" Ucfy qjufk jiuwj``v fbiqgjyge kxgq ucg `jyu vgjq" Jeefufkbj``v jb

gsjdfbjufkb kh bgjq$ugqd jyyguy jbe `fjaf`fufgy yck}y ucju ucgqg jqg bku gbkwmc `fzwfe jyyguy uk

yjufyhv iwqqgbu ka`fmjufkby" Jiikwbuy Qgigfxja`g fy jdkbm ucg fbewyuqv-y }kqyu }fuc 3"?8 ejvy

}kquc kh yj`gy kwuyujbefbm" Ucfy fdp`fgy ucju qgxgbwgy jqg bku agfbm ik``giuge fb jb ghhfifgbu

djbbgq" @jyu fbxgbukqfgy yggd uk ag }g`` djbjmge jy ucg Fbxgbukqv _qkigyyfbm _gqfke fy uvpfij`

hkq ucg fbewyuqv ju ::6"53 ejvy"

:" Igdgbu pqkewiufkb hkq ucg vgjq 1?:? fy 58="551 dguqfi ukby egi`fbg kh 8'"1" Egiqgjyg fb `kij` igdgbu egdjbe"9"

Ijpjifuv wuf`f~jufkb kh ucg p`jbu kb`v 71'"

5" Egi`fbfbm uqgbe kh igdgbu jbe i`fblgq pqkewiufkb bgu yj`gy qgxgbwg egi`fbge av 97"8'"7" Igdgbu yj`gy `kij` jbe gspkqu egiqgjyge av 5=5?= D"U"

Ucfy egi`fbg fy juuqfawuge uk ucg pqfig }jq fb ucg ygiukq }cfic ijwyge igdgbu ikdpjbfgy uk

y`jyc pqfigy jbe yjiqfhfig qgxgbwg fb qguwqb hkq cfmcgq yj`gy xk`wdg jbe fy agfbm gspgqfgbige av

j`` igdgbu ikdpjbfgy" Igdgbu pqkewiufkb hkq ucg vgjq yukke ju 58="551 dguqfi ukby j egi`fbg kh

8' kxgq `jyu vgjq #HV-?6> 565?51 dguqfi ukby& djfb`v kb jiikwbu kh egiqgjyg fb `kij` igdgbu

egdjbe" Ijpjifuv wuf`f~jufkb }jy ck}gxgq kb`v 71'" Ewg uk egi`fbfbm uqgbe kh igdgbu jbe

i`fblgq pqkewiufkb bgu yj`gy qgxgbwg egi`fbge av 97"8' uk Qy =35159 af``fkb" Ucg pqkewiufkb kh

i`fblgq jbe igdgbu egiqgjyge av :=7?=3 D"U" jbe 188?? D"U" qgypgiufxg`v jy ikdpjqge uk ucg

ikqqgypkbefbm pgqfke kh `jyu vgjq" Igdgbu yj`gy `kij` jbe gspkqu egiqgjyge av 5=5?= D"U" fb

jeefufkb ucg Ikdpjbv cjy gspkquge 576?5 D"U" kh i`fblgq jbe yk`e 1?89= D"U" `kij``v" Ucfy

egi`fbg fy juuqfawuge uk ucg pqfig }jq fb ucg ygiukq }cfic ijwyge igdgbu ikdpjbfgy uk y`jyc pqfigy

jbe yjiqfhfig qgxgbwg fb qguwqb hkq cfmcgq yj`gy xk`wdg jbe fy agfbm gspgqfgbige av j`` igdgbu


6/18

ikdpjbfgy"

Ewqfbm HV:? gspkquy ikbuqfawuge :=' kh ucg ukuj` igdgbu efypjuicgy kh ucg ikdpjbv

}cf`g `kij` yj`gy ikbuqfawuge 35'" Gspkqu qgxgbwg yukke ju Qy 83? df``fkb #HV?6> Qy :"?5

af``fkb& j egi`fbg kh 95"3'< }cf`g qgxgbwg hqkd `kij` yj`gy yukke ju Qy 5"87 af``fkb #HV?6> Qy

7"85 af``fkb& j egi`fbg kh :="75'" Fb ugqdy kh xk`wdg gspkquy egi`fbge av 1:"1' `jqmg`v j

qgywù kh fbiqgjyge ijpjifuv kh bgfmcakqfbm ikwbuqfgy" J`yk ewqfbm HV?6 JJIF@ }jy ja`g uk

gspkqu j ikbyfegqja`g jdkwbu kh i`fblgq }cfic }jy bku hgjyfa`g ucfy vgjq ewg uk egi`fbg fb i`fblgq

pqfigy fbugqbjufkbj``v"

_qkhfujaf`fuv

Ucg igdgbu ygiukq fy gspgqfgbifbm mqk}uc fb igdgbu efypjuicgy awu ju ucg yjdg ufdg

ikdpjbfgy jqg hjifbm egi`fbfbm pqkhfujaf`fuv" Yj`gy Qgxgbwg fy kb j egi`fbg }fuc ikyu kh

pqkewiufkb kb j yugjev qfyg" Ucg egi`fbg fb pqkhfujaf`fuv qgywùge fb ucg ikdpjbv gspgqfgbifbm j

`kyy kh Qy =1?8:7 df``fkb hkq ucg vgjq 1?:? #_qkhfu HV?6> Qy :1:3:9 df``fkb&" Ucg egi`fbg kh

Qy =35159 df``fkb fb bgu yj`gy qgywùge fb pqkewiufkb ikyuy qfyfbm jakxg qgxgbwg `gjefbm uk jb

kxgqj`` `kyy"

Efyuqfawufkb ikyuy fbiqgjyge av 7' yujbefbm ju Qy 5:988= #HV?6> Qy 96?8:6 df``fkb&

}cf`g jedfbfyuqjufxg gspgbygy egi`fbge av :6'" Hfbjbig icjqmgy egi`fbge av :6' qgypgiufxg`v"

Ucgyg egi`fbfbm ikyuy ck}gxgq }gqg bku ywhhfifgbu uk djfbujfb pqkhfujaf`fuv jbe ucg ikdpjbv

}fubgyyge j `kyy aghkqg ujs kh Qy =58"563 df``fkb" Jy j qgywù kh j eghgqqge ujs iqgefu ucg hfbj`

hfmwqg kh `kyy jhugq ujs yukke ju Qy =1?8:7 df``fkb"

_qkhfujaf`fuv qjufky kh ucg ikdpjbv jqg kb j egi`fbg Mqkyy pqkhfu djqmfb fb HV:? fy kb

9' #HV?6> 19'& }cf`g bgu pqkhfu djqmfb fb HV:? j`yk bgmjufxg $91"= #HV?6> 5'&" Yfdf`jq`v

QKJ jbe QKG cjxg }fubgyyge ycjqp egi`fbgy }fuc QKJ eqkppfbm hqkd 1' uk $91"='< jbe


7/18

QKG eqkppfbm hqkd =' uk $=1"1'" ]cf`g pqkhfujaf`fuv kh ucg ygiukq fy kb j egi`fbg jy j }ck`g J`

Jaajy Igdgbu Fbewyuqfgy @fdfuge #JJIF@& hfmwqgy yujbe }g`` ag`k} ucg fbewyuqv jxgqjmg" Ucg

fbewyuqv jxgqjmg mqkyy pqkhfu djqmfb yujbey ju :7"1' }cf`g ucg pqkhfu djqmfb yujbey ju :"5'"

@fzwfefuv

Ucg `fzwfefuv pkyfufkb kh ucg ikdpjbv cjy aggb egugqfkqjufbm kxgq ucg vgjqy ewg uk

ywayujbufj` qfyg fb ucg iwqqgbu `fjaf`fufgy" JJIF@ hg`u j `fzwfefuv iqwbic `flg djbv kucgq

ikdpjbfgy fb ucg igdgbu ygiukq ewg uk ucg pqfig }jq jbe `kyygy ijwyge av ucju fb HV?= jbe jmjfb

fb HV?3" Ucg iwqqgbu `fjaf`fufgy kh JJIF@ cjxg fbiqgjyge uk Qy :"8:6 af``fkb ewqfbm HV:?

#HV?6> Qy :"575 af``fkb& ajilge djfb`v av fbiqgjyge yckqu ugqd akqqk}fbmy av ucg ikdpjbv"

Uqjeg jbe kucgq pjvja`gy egi`fbg av jppqksfdjug`v Qy 13= df``fkb }cf`g yckqu$ugqd akqqk}fbm

yck}ge j qfyg kh Qy 5?? df``fkb" Jeefufkbj``v iwqqgbu djuwqfufgy kh `kbm$ugqd `kjby ucg `jqmgyu

pkqufkb kh iwqqgbu `fjaf`fufgy qkyg av 17? df``fkby"

Iwqqgbu jyyguy fy egi`fbg av 7?' yukke ju Qy 865 df``fkb ju ucg gbe kh HV:? #HV?6> Qy

:"97 af``fkb&" Ucg ikdpkyfufkb kh iwqqgbu jyyguy icjbmge ywic ucju ucg dkyu `fzwfe jyygu ijyc jbe

ajbl aj`jbigy egi`fbge av 87' yujbefbm ju Qy 77"3 df``fkb #HV?6> Qy :76 df``fkb&" Ucfy fy j

bgmjufxg yfmb jy fu yck}y ucju ucg jaf`fuv kh ucg ikdpjbv uk cjbe`g ejv uk ejv kpgqjufkby fy kb ucg

egi`fbg" Yukqgy ypjqgy jbe `kkyg ukk`y }cfic djlg wp 57' kh iwqqgbu jyyguy yck}ge j egi`fbg

kh :1' yujbefbm ju Qy 9=8 df``fkb"

Ucg iwqqgbu qjufk kh JJIF@ pqgygbu`v yujbey ju ?"59 }fuc j egi`fbg kh 79' kxgq HV?6

#HV?6> ?"69&" Ucg fbewyuqv jxgqjmg yujbey ju ?"8= }fuc JJIF@ agfbm ucg kb`v ikdpjbv }fuc j

iwqqgbu qjufk ag`k} ?"7" Ucwy }cf`g ucg kxgqj`` fbewyuqv-y pkyfufkb fy bku fegj` fu fy dwic aguugq

ucjb ucg pkyfufkb kh JJIF@"


8/18

Jyygu djbjmgdgbu

Jyygu djbjmgdgbu kh ucg ikdpjbv yfdf`jq uk ucg kucgq qjufky jbj`v~ge yj} j egi`fbg

ewqfbm HV:?" Fbxgbukqv Uwqbkxgq hg`` hqkd 7= ejvy fb HV?6 uk 7? ejvy ewqfbm HV:? `jqmg`v j

qgywù kh egi`fbfbm yj`gy kxgq ucg vgjq" Jeefbm uk ucg ghhgiu kh egi`fbfbm yj`gy }jy ucg qfyg fb

fbxgbukqv djfb`v ewg uk jb jiiwdw`jufkb kh ikj` }cfic fy wyge fb ucg pqkewiufkb pqkigyy" Ejvy

Yj`gy Kwuyujbefbm qgdjfbge ikbyujbu ju 9 ejvy }cfic fy ikbyfegqja`v `gyygq ucjb ucg fbewyuqv

jxgqjmg }cfic fy 8 ejvy" Ucg ikdpjbfgy kpgqjufbm ivi`g hkq HV:? ucwy yukke ju :?1 ejvy jy

ikdpjqge uk 7? ejvy ewqfbm HV?6" ]cf`g ucfy ycjqp fbiqgjyg fb ucg Kpgqjufbm Ivi`g qgh`giuy

bgmjufxg`v kb ucg ikdpjbv-y pgqhkqdjbig fu fy yfdf`jq uk ucg fbewyuqv jxgqjmg }cfic fy 6= ejvy"

Ucfy yck}y ucju JJIF@ }jy pqgxfkwy`v pgqhkqdfbm gsuqgdg`v }g`` fb ugqdy kh Jyygu

Djbjmgdgbu jbe fuy pgqhkqdjbig fy bk} yfdf`jq uk ucg qgyu kh ucg fbewyuqv"

Ukuj` Jyygu Uwqbkxgq jbe Yj`gy+Gzwfuv yfdf`jq`v }fubgyyge egi`fbgy jàgfu dwic ydj``gq"

Ukuj` Jyygu Uwqbkxgq hg`` hqkd ?"7? ewqfbm HV?6 uk ?"5: ewqfbm HV:?" Ucfy fy gbufqg`v ewg uk ucg

egi`fbg fb yj`gy jy ukuj` jyyguy cjxg qgdjfbge qg`jufxg`v yuja`g kxgq ucg vgjq" Yj`gy+Gzwfuv

fbiqgjygy hqkd :"=9 ewqfbm HV?6 uk 1"1? ewqfbm HV:? }cfic yck}fbm ucg ikdpjbv fy dkqg ja`g

uk djlg wyg kh fuy Ukuj` Yukilckègqy- Gzwfuv uk mgbgqjug yj`gy"

Egau Djbjmgdgbu

Egau djbjmgdgbu kh JJIF@ yck}ge dkegqjug egugqfkqjufkb }fuc qfyfbm yckqu jbe `kbm$

ugqd egau" Egau uk Jyyguy qkyg y`fmcu`v yujbefbm ju ?"3: #HV?6> ?"83&" Ucfy fy ewg uk ucg cwmg qfyg

fb `fjaf`fufgy }fuc jyyguy qgdjfbfbm ikbyujbu" Ukuj` `fjaf`fufgy qkyg av j`dkyu 1"98' yujbefbm ju

Qy 5"9? af``fkb #HV?6> Qy 5"1? af``fkb&" Egau uk gzwfuv qkyg hqkd 1"55 ju ucg gbe kh HV?6 uk 5"9:

ju ucg gbe kh HV:?< juuqfawuge uk egi`fbfbm gzwfuv jbe qfyfbm `fjaf`fufgy" JJIF@ fy yggb uk ag

cfmc`v `gxgqjmge }cgb ikdpjqge }fuc ucg fbewyuqv }cfic cjy jb fbewyuqv jxgqjmg egau uk gzwfuv


9/18

qjufk kh :"95 }cfic fy ucqgg ufdgy `gyy ucjb ucg ikdpjbv-y hfmwqg" @kbm ugqd egau uk gzwfuv

ck}gxgq yck}ge j pkkq uqgbe fbiqgjyfbm hqkd :"8? ju ucg gbe kh HV?6 uk 1"86 ju ucg gbe kh

HV:?" @kbm$ugqd `fjaf`fufgy egi`fbge kxgq ucg vgjq av j`dkyu 1"5?' yujbefbm ju Qy 1"83 af``fkb

#HV?6> Qy 1"=7 af``fkb&" Gzwfuv egi`fbge av 51' ju Qy 68 df``fkb fb ypfug kh jb fbiqgjyg fb ucg

bwdagq kh ycjqgy kwuyujbefbm" Ucg egi`fbg ijb ag juuqfawuge uk ucg ycjqp eqkp fb qgygqxgy j qgywù

kh ucg `kyy hjige av ucg ikdpjbv fb HV:?"

Ewqfbm ucg vgjq JJIF@ ukkl yugpy uk qgyuqwiuwqg fuy egau jy j qgywù kh }cfic ucg `kbm

ugqd egau uk gzwfuv pkyfufkb cjy yck}b fdpqkxgdgbu" Ucg djbjmgdgbu fy fb pqkigyy kh

bgmkufjufkb }fuc fuy `gbegqy uk qgyicgew`g fuy `kbm$ugqd jbe bfywy uk kaujfb ucg mqjig pgqfke jbe

eghgqdgbu fb pjvdgbu kh djqlwp" Ucg Ikdpjbv cjy j`yk yuqkbm hfbjbifj` ywppkqu hqkd fuyypkbykqy" Ewqfbm ucg vgjq ucg Ypkbykqy cjxg fbngiuge ucg hqgyc hwbe kh Qy" :39"17: df``fkb jbe

ucg Akjqe kh Efqgiukqy j`yk pqkpkyfbm uk gbcjbig ucg Ikdpjbv pjfe wp ycjqg ijpfuj` av fyywfbm

:??' qfmcu ycjqg ju j efyikwbuge xj`wg kh Qy" 7" Ucg pqkiggey kh qfmcu ycjqgy ju efyikwbuge xj`wg

#fh jppqkxge av ucg ikbigqbge jwuckqfufgy& }kwè ag jqkwbe 6:5"117 df``fkb" Ucg pqkiggey }f``

ag wuf`f~ge hf``fbm ucg mjp kh }kqlfbm ijpfuj` kh ucg Ikdpjbv jbe fdpqkxfbm ucg iwqqgbu qjufk jbe

egau gzwfuv qjufk" ]cf`g hfbjbig ikyuy kh ucg ikdpjbv cjxg fbiqgjyge kxgq ucg pgqfke ewg uk ucg

ikdpjbv-y kpgqjufbm `kyy"

]cf`g hfbjbig ikyuy kh ucg ikdpjbv cjxg egi`fbge kxgq ucg pgqfke ewg uk ucg ikdpjbv-y

kpgqjufbm `kyy ucg UFG qjufk cjy p`wddguge" Hqkd 1"?? ju ucg gbe kh HV?6 ucg UFG qjufk cjy

hj``gb uk $?"=8< j egi`fbg kh :93'" Ucfy hfmwqg fy }g`` ag`k} ucg fbewyuqv jxgqjmg }cfic yujbey ju

5"97"


10/18

Djqlgu xj`wg

Djqlgu xj`wg kh JJIF@ fy yggb uk ag egi`fbfbm yugjef`v }fuc ufdg }fuc ucg ycjqg pqfig

eqkppfbm uk Qy 9"9= pgq ycjqg av ucg gbe kh HV:? #HV?6> Qy :9"73&" Ucg yukil cjy j aguj kh

?"97 dgjbfbm ucju fu cjy pqkxfegy j dwic ydj``gq qguwqb fb pqkpkqufkb uk ucg djqlgu" Ucfy j`yk

dgjby ucg yukil cjy `k} qfyl jbe djv pqkxfeg qfyl$jxgqyg fbxgyukqy }fuc j yuja`g fbxgyudgbu"

Gjqbfbmy pgq Ycjqg yukke ju Qy #9"65& qgh`giufbm ucg `kyy hjige av ucg ikdpjbv #HV?6>

Qy ?":8&" Ucg ikdpjbv-y G_Y yujbey }g`` ag`k} ucg fbewyuqv jxgqjmg }cfic fy Qy #9"65& pgq

ycjqg" Ucg _qfig$Gjqbfbmy Qjufk hg`` uk $1"11 ju ucg gbe kh HV:? ewg uk akuc ucg hj`` fb djqlgu

pqfig jbe ucg hj`` fb G_Y" Akkl Xj`wg gspgqfgbige j qgjykbja`g egi`fbg hj``fbm hqkd :1"?9 ju ucg

gbe kh HV?6 uk 6"68 ju ucg gbe kh HV:?" Ucfy fy ewg uk ucg egi`fbg fb gzwfuv jbe ucg fbiqgjyg fb

bwdagq kh ycjqgy kwuyujbefbm" @flg kucgq igdgbu djbwhjiuwqgqy JJIF@ }jy wbja`g uk pqkxfeg

ycjqgckègqy }fuc j efxfegbe ju ucg gbe kh ucg vgjq"

Hwuwqg kwu`kkl

Ucg pqkypgiuy kh ucg `kij` igdgbu fbewyuqv jqg `fblge uk fdpqkxgdgbuy fb ucg gikbkdv

gypgifj``v djiqk$gikbkdfi fbefijukqy jbe ucg `j} jbe kqegq yfuwjufkb" Jiikqefbm uk ucg Hgegqj`

Awemgu 1?:?$:: Qy 889 af``fkb cje aggb j``kijuge uk pwa`fi ygiukq egxg`kpdgbu pqkmqjd

#_YE_&" Ck}gxgq ucfy jdkwbu djv ag y`jycge av 7?' fb ucg jhugqdjuc kh ucg h`kkey jy

qgykwqigy jqg `fdfuge" Kb h`fp yfeg ucgyg hwbey }kwè wùfdjug`v efxgqu uk qgawfèfbm kh ckwygy

jbe fbhqjyuqwiuwqgy ucju }kwè aj`jbig kwu ucg igdgbu egdjbe jy ucg ejdjmg uk ckwyfbm jbe

fbhqjyuqwiuwqgy cjxg aggb gbkqdkwy" Ucg fbugqbjufkbj` jmgbifgy jbe }kqè ikddwbfuv fb mgbgqj`

jqg j`yk gspgiuge uk pqkxfeg hwbey hkq qgikbyuqwiufkb jiufxfufgy" Yfdf`jq`v ikbyuqwiufkb kh ydj``

jbe dgefwd yf~g ejdy jy }g`` jy jqdv kpgqjufkby fb h`kke jhhgiuge jqgjy }f`` pqkxfeg ucg


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qgzwfqge fdpwugy uk ucg jf`fbm igdgbu fbewyuqv" Ucg fbiqgjyge egdjbe ck}gxgq }f`` bku djlg jb

fdpjiu wbuf` ucg ygikbe cj`h kh HV::"

JJIF@ fy `kklfbm uk iwu ikyuy yk jy uk qgmjfb fuy pqkhfujaf`fuv" Ucg ikdpjbv fy ujlfbm

dgjywqgy uk aqfbm ek}b hwg` jbe g`giuqfifuv ikyuy jbe cjy yujquge wyfbm j`ugqbjug hwg` jbe fy

p`jbbfbm uk fbyuj`` }jyug cgju qgikxgqv pqkngiu hkq hwqucgq qgewiufkb fb pqkewiufkb ikyu"

Jeefufkbj``v ucg djbjmgdgbu fy pwqywfbm kpufdwd wuf`f~jufkb kh p`jbu }fuc ikyu ghhgiufxg

dgjywqgy hkq ywyujfbge kpgqjufkby" J`` ucgyg dgjywqgy j`kbm }fuc hfbjbifj` qgyuqwiuwqfbm pqkxfeg

j pqkdfyfbm hwuwqg hkq ucg ikdpjbv"

Lgv ]gjlbgyygy kh J` Jaajy Igdgbu

Egi`fbfbm uqgbe kh igdgbu jbe i`fblgq pqkewiufkb bgu yj`gy qgxgbwg egi`fbge av 97"8'" Igdgbu jbe i`fblgq pqkewiufkb fy egi`fbg av kh 8' jbe 9?' qgypgiufxg`v" Bgu pqkhfu djqmfb fb HV:? fy $91"= #HV?6> ,5'&" QKJ eqkppfbm hqkd 1' uk $91"='"

Bku gbkwmc `fzwfe jyyguy uk yjufyhv iwqqgbu ka`fmjufkby"

Ikyu kh yj`gy fbiqgjygy av 18"8' hqkd 1??6"


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Qjufk Jbj`vyfy

Hfbjbifj` Qjufk 1?:? 1??6 1??3 1??=

Mqkyy _qkhfu Djqmfb 9"?8 19"53 :?"? 81"8

Bgu _qkhfu Djqmfb #91"=& 5"?3 #6"9:& #83"=3&

QKJ #:9"73& 1"? #1& #9":&

QKG #=1"9?& ="? #8"?& #:?"1&

G_Y #9"65& ?"8= #?"76& #:"15&

Iwqqgbu Qjufk ?"59 ?"69 :"95 ?"39

Egau Qjufk ?"3: ?"7? ?"7: ?"79

Zwfil Qjufk ?":9 ?"16 ?"77 ?"19

Egau uk Gzwfuv Qjufk 5"9: 1"55 1"9? 9"?

Ukuj` Jyygu Uwqbkxgq ?"5:" ?"7? ?"11 ?"?7

Fbxgbukqv Uwqbkxgq 5"9: 1"79 1"11 :":1


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Fbikdg Yujugdgbu


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Aj`jbig Ycggu


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Analysis of Financial Statements of Al Abbas Cement Ltd.

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Transcript of Analysis of Financial Statements of Al Abbas Cement Ltd.