Far Hat Abbas

8/9/2019 Far Hat Abbas

1/34

LIABILITIES & EQUITY 2008

SHARE CAPITAL AND RESERVES

Share Capital 43,009,284.00

Capital Reserve 3,503,064.00Unappropriated Proft 63,902,995.00

Total Share Capital & Reer!e """

N#N CURRENT LIABILITIES

Deered !a"ation #2,#3#,932.00

Deered $%plo&ee 'enefts #,528,444.00

Provision (or De)o%%issionin* Cost 6,+95,#4#.00

Total No$ C%rre$t Liailitie 20'())')*+,00

CURRENT LIABILITIES

!rade and other pa&ales #+,2#5,555.00

Provision (or ta"ation 4,223,048.00Total C%rre$t Liailitie 2*'(-8'.0-,00

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it """

ASSETS

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent 23,225,+63.00

Dvp and prod)tion 1ssets/ntan*ile 36,808,04#.00

$"ploration and evalation assets +,6+2,444.00

Total No$ 1ie3 Aet .+'+0.'2(8,00

on* !er% /nvest%ents 3,#+5,054.00

on* !er% oans and Re)ivales #,324,059.00

on* !er% Prepa&%ents #08,93+.00

Total No$ C%rre$t Aet +2'-*('248,00

C%rre$t Aet

Stores, spare parts and loose tools #6,6#5,095.00

Sto)7 in !rade #5#,+82.00

!rade Dets 40,+05,299.00

oans and advan)es 2,339,03+.00

Deposits and short ter% pa&%ents 6+9,#65.00

/nterest 1))red #80,295.00

-ther Re)eivales 638,92#.00

-ther inan)ial 1ssets #0,20+,5#6.00

Cash and an7 'alan)es 8,306,548.00

Total C%rre$t Aet +4'82-'.)8,00

Total Aet """

BALANCE SHEET C


2/34

2004 20*0 20** 20*2

43,009,284.00 43,009,284.00 43,009,284.00

3,658,3#8.00 3,859,682.00 4,059,#38.00 4,906,000.00+9,503,+94.00 ##0,523,520.00 #54,49+,#55.00 220,449,368.00

*2.'*+*'-4.,00 *)+'-42'(8.,00 20*').)')++,00 -.8'-.('.)2,00

#+,+#0,49+.00 2#,499,#84.00 20,+86,#95.00 23,545,++3.00

2,008,499.00 2,699,++3.00 3,30#,#69.00 4,623,#53.00

#0,8#4,506.00 #2,435,365.00 #4,348,98#.00 #+,#93,8#3.00

-0')--')02,00 -.'.-('-22,00 -8'(-.'-(),00 ()'-.2'+-4,00

#8,+4+,328.00 28,624,204.00 #6,+94,29+.00 22,#+#,85#.00

2,540,#+0.00 6,2#6,639.00 4,98#,309.00 2,42#,83#.002*'28+'(48,00 -('8(0'8(-,00 2*'++)'.0.,00 2'(2*'8-*,00

*++'442'-4.,00 228'8.+'.)*,00 2.*'+++')28,00 2(')4-'.82,00

28,482,#94.00 34,998,898.00 39,#46,582.00 40,966,44#.00

49,05+,+66.00 58,630,85+.00 58,926,89+.00 64,6+#,505.00

8,++9,699.00 9,55#,394.00 +,96#,#9+.00 #0,406,#56.00

8.'-*4'.)4,00 *0-'*8*'*(4,00 *0.'0-('.+.,00 **.'0(('*02,00

2,903,#33.00 3,23#,435.00 3,568,930.00 3,98+,633.00

#,849,+0+.00 #,902,330.00 2,4#0,90+.00 3,066,634.00

85,35+.00 ##8,93+.00 #59,550.00 346,4#3.00

4*'*)+'8).,00 *08'(--'8)*,00 **2'*+('0.-,00 *2-'((('+82,00

#+,464,35#.00 #4,82+,2+8.00 #3,9+9,854.00 #2,860,+23.00

#08,30#.00 #+2,084.00 26#,835.00 2#0,523.00

56,#40,092.00 82,992,29#.00 ++,9##,3#2.00 #38,095,+64.00

2,633,965.00 2,2#6,88#.00 2,+38,8+3.00 5,604,9+6.00

4#9,62#.00 6#6,64#.00 640,229.00 984,+96.00

2+,#56.00 #+,03#.00 324,845.00 532,58+.00

9+9,3#9.00 926,95#.00 #,459,0+3.00 998,652.00

5,08+,9#+.00 ##,#20,823.00 38,445,555.00 5#,820,58#.00

3,9+3,8#8.00 +,843,820.00 #3,84#,889.00 3,+6+,689.00

8.'8-(')(0,00 *20'(--'800,00 *(4'.0-'(.),00 2*('8+.'24*,00

*++'442'-4.,00 228'8.+'.)*,00 2.*'+++')28,00 --8'-2*'0+-,00

#55#N SI6E ANALYSIS


3/34


4/34

LIABILITIES & EQUITY 2008 2004 20*0


Share Capital 28: 24: #9:

Capital Reserve 2: 2: 2:Unappropriated Proft 42: 45: 48:

Total Share Capital & Reer!e +27 +*7 .47


Deered !a"ation 8: #0: 9:

Deered $%plo&ee 'enefts #: #: #:

Provision (or De)o%%issionin* Cost 4: 6: 5:

Total No$ C%rre$t Liailitie *-7 *+7 *.7

CURRENT LIABILITIES

!rade and other pa&ales ##: ##: #3:

Provision (or ta"ation 3: #: 3:Total C%rre$t Liailitie *(7 *27 *)7

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it *007 *007 *007

ASSETS

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent #5: #6: #5:

Develop%ent and prod)tion 1ssets/ntan*ile 24: 28: 26:

$"ploration and evalation assets 5: 5: 4:

Total No$ 1ie3 Aet ((7 (87 ()7

on* !er% /nvest%ents 2: 2: #:

on* !er% oans and Re)ivales #: #: #:

on* !er% Prepa&%ents 0: 0: 0:

Total No$ C%rre$t Aet (+7 )*7 (+7

C%rre$t Aet

Stores, spare parts and loose tools ##: #0: 6:

Sto)7 in !rade 0: 0: 0:

!rade Dets 2+: 32: 36:

oans and advan)es 2: #: #:

Deposits and short ter% pa&%ents 0: 0: 0:

/nterest 1))red 0: 0: 0:

-ther Re)eivales 0: #: 0:

-ther inan)ial 1ssets +: 3: 5:

Cash and an7 'alan)es 5: 2: 3:

Total C%rre$t Aet )27 (47 )-7

Total Aet *007 *007 *007


5/34

20** 20*2

#6: #+5:

2: 20:59: 896:

++7 *(487

8: 96:

#: #9:

5: +0:

*)7 *8(7

6: 90:

2: #0:87 *07

*007 *007

#5: #2:

23: #9:

3: 3:

(*7 -(7

#: #:

#: #:

0: 0:

(-7 -.7

5: 4:

0: 0:

30: 4#:

#: 2:

0: 0:

0: 0:

#: 0:

#5: #5:

5: #:

)+7 .(7

*007 *007


6/34

2008

Salesnet #25,908,304.00

Ro&alt& ;#+,320,#8+.00<

-peratin* e"penses ;#9,6#3,345.00<

!ransportation )har*es ;#,4+2,6#5.00<

Total #perati$ Epe$e 9-8'(0.'*(+,00:

;ro Pro proft parti)ipation (nd ;4,38+,4##.00<

Share o( proft in asso)iatenet o( ta"ation 44,680.00

Pro


7/34

2004 20*0 20**

#30,829,5+9.00 #42,5+#,863.00 #55,63#,290.00

;#5,#55,66+.00< ;#6,+28,843.00< ;#+,+03,60#.00<

;22,6+3,893.00< ;23,+2+,8#8.00< ;32,99+,860.00<

;#,522,489.00< ;#,492,26+.00< ;2,20#,339.00<

9-4'-)2'0(4,00: 9(*'4(8'428,00: 9)2'402'800,00:

4*'(++')-0,00 *00'.22'4-),00 *02'+28'(40,00

3,3+0,823.00 3,300,2#4.00 3,303,9+#.00

;+,459,560.00< ;+,902,3+0.00< ;6,62#,+05.00<

;#,332,982.00< ;#,598,#6#.00< ;2,233,6+2.00<

;926,02+.00< ;#,2+3,3#2.00< ;#,484,+8#.00<

;4,259,364.00< ;4,660,6+#.00< ;4,+88,53+.00<

5+,503.00 64,##8.00 +8,438.00

80'42+'42-,00 88'))2'+)-,00 40'482'20(,00

;25,388,282.00< ;29,3+5,628.00< ;2+,454,934.00<

))')-4'.(*,00 )4'*++'*2),00 .-')2+'2+0,00

*2,4* *-,+. *(,++

Co@@o$ Sie A$ali


8/34

20*2

#9+,838,+26.00

;23,#23,#+6.00<

;34,3+9,542.00<

;2,029,+55.00<

9)4')-2'(+-,00:

*-8'-0.'2)-,00

9,660,443.00

;4,04+,++4.00<

;2,200,3#3.00<

;#,+#8,65#.00<

;+,004,359.00<

8+,2#5.00

*--'082'8*(,00

;36,#++,239.00<

4.'40)')+),00

22,)-


9/34

2008 2004 20*0 20**

Salesnet #00: #00: #00: #00:

Ro&alt& #4: #2: #2: ##:

-peratin* e"penses #6: #+: #+: 2#:

!ransportation )har*es #: #: #: #:

Total #perati$ Epe$e >-*7 >-07 >247 >-(7

;ro Pro proft parti)ipation (nd 3: 3: 3: 3:

Share o( proft in asso)iatenet o( ta"ation 0: 0: 0: 0:

Pro


10/34

20*2

#00:

#2:

#+:

#:

>-07

+07

5:

2:

#:

0:#:

4:

0:

.+7

#8:

(47

07


11/34

2008


Share Capital 43,009,284.00

Capital Reserve 3,503,064.00Unappropriated Proft 63,902,995.00

Total Share Capital & Reer!e """


Deered !a"ation #2,#3#,932.00

Deered $%plo&ee 'enefts #,528,444.00

Provision (or De)o%%issionin* Cost 6,+95,#4#.00

Total No$ C%rre$t Liailitie 20'())')*+,00

CURRENT LIABILITIES

!rade and other pa&ales #+,2#5,555.00

Provision (or ta"ation 4,223,048.00Total C%rre$t Liailitie 2*'(-8'.0-,00

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it """

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent 23,225,+63.00

Develop%ent and prod)tion 1ssets/ntan*ile 36,808,04#.00

$"ploration and evalation assets +,6+2,444.00

Total No$ 1ie3 Aet .+'+0.'2(8,00

on* !er% /nvest%ents 3,#+5,054.00

on* !er% oans and Re)ivales #,324,059.00

on* !er% Prepa&%ents #08,93+.00

Total No$ C%rre$t Aet +2'-*('248,00

C%rre$t Aet

Stores, spare parts and loose tools #6,6#5,095.00

Sto)7 in !rade #5#,+82.00

!rade Dets 40,+05,299.00

oans and advan)es 2,339,03+.00

Deposits and short ter% pa&%ents 6+9,#65.00

/nterest 1))red #80,295.00

-ther Re)eivales 638,92#.00

-ther inan)ial 1ssets #0,20+,5#6.00

Cash and an7 'alan)es 8,306,548.00

Total C%rre$t Aet +4'82-'.)8,00

Total Aet """

BALANCE SHEET


12/34

2004 20*0 20** 20*2

43,009,284.00 43,009,284.00 43,009,284.00

3,658,3#8.00 3,859,682.00 4,059,#38.00 4,906,000.00+9,503,+94.00 ##0,523,520.00 #54,49+,#55.00 220,449,368.00

*2.'*+*'-4.,00 *)+'-42'(8.,00 """ """

#+,+#0,49+.00 2#,499,#84.00 20,+86,#95.00 23,545,++3.00

2,008,499.00 2,699,++3.00 3,30#,#69.00 4,623,#53.00

#0,8#4,506.00 #2,435,365.00 #4,348,98#.00 #+,#93,8#3.00

-0')--')02,00 -.'.-('-22,00 -8'(-.'-(),00 ()'-.2'+-4,00

#8,+4+,328.00 28,624,204.00 #6,+94,29+.00 22,#+#,85#.00

2,540,#+0.00 6,2#6,639.00 4,98#,309.00 2,42#,83#.002*'28+'(48,00 -('8(0'8(-,00 2*'++)'.0.,00 2(')4-'.82,00

*++'442'-4.,00 228'8.+'.)*,00 """ """

28,482,#94.00 34,998,898.00 39,#46,582.00 40,966,44#.00

49,05+,+66.00 58,630,85+.00 58,926,89+.00 64,6+#,505.00

8,++9,699.00 9,55#,394.00 +,96#,#9+.00 #0,406,#56.00

8.'-*4'.)4,00 *0-'*8*'*(4,00 """ """

2,903,#33.00 3,23#,435.00 3,568,930.00 3,98+,633.00

#,849,+0+.00 #,902,330.00 2,4#0,90+.00 3,066,634.00

85,35+.00 ##8,93+.00 #59,550.00 346,4#3.00

4*'*)+'8).,00 *08'(--'8)*,00 """ """

#+,464,35#.00 #4,82+,2+8.00 #3,9+9,854.00 #2,860,+23.00

#08,30#.00 #+2,084.00 26#,835.00 2#0,523.00

56,#40,092.00 82,992,29#.00 ++,9##,3#2.00 #38,095,+64.00

2,633,965.00 2,2#6,88#.00 2,+38,8+3.00 5,604,9+6.00

4#9,62#.00 6#6,64#.00 640,229.00 984,+96.00

2+,#56.00 #+,03#.00 324,845.00 532,58+.00

9+9,3#9.00 926,95#.00 #,459,0+3.00 998,652.00

5,08+,9#+.00 ##,#20,823.00 38,445,555.00 5#,820,58#.00

3,9+3,8#8.00 +,843,820.00 #3,84#,889.00 3,+6+,689.00

8.'8-(')(0,00 *20'(--'800,00 """ """

*++'442'-4.,00 228'8.+'.)*,00 """ """

C#5PARATIVE ANALYS C#


13/34

5PARATIVE ANALYSIS


14/34

2008>2004 Cha$


Share Capital 0:

Capital Reserve #55,254.00 4:Unappropriated Proft #5,600,+99.00 24:

Total Share Capital & Reer!e """ *(7


Deered !a"ation 5,5+8,565.00 46:

Deered $%plo&ee 'enefts 480,055.00 3#:

Provision (or De)o%%issionin* Cost 4,0#9,365.00 59:

Total No$ C%rre$t Liailitie """ (47

CURRENT LIABILITIES

!rade and other pa&ales #,53#,++3.00 9:

Provision (or ta"ation ;#,682,8+8.00< 40:Total C%rre$t Liailitie 9*)*'*0),00: >*7

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it """ *+7

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent 5,256,43#.00 23:

Develop%ent and prod)tion 1ssets/ntan*ile #2,249,+25.00 33:

$"ploration and evalation assets #,#0+,255.00 #4:

Total No$ 1ie3 Aet """ 2+7

on* !er% /nvest%ents ;2+#,92#.00< 9:

on* !er% oans and Re)ivales 525,648.00 40:

on* !er% Prepa&%ents ;23,580.00< 22:

Total No$ C%rre$t Aet """ 2.7

C%rre$t Aet

Stores, spare parts and loose tools 849,256.00 5:

Sto)7 in !rade ;43,48#.00< 29:

!rade Dets #5,434,+93.00 38:

oans and advan)es 294,928.00 #3:

Deposits and short ter% pa&%ents ;259,544.00< 38:

/nterest 1))red ;#53,#39.00< 85:

-ther Re)eivales 340,398.00 53:

-ther inan)ial 1ssets ;5,##9,599.00< 50:

Cash and an7 'alan)es ;4,332,+30.00< 52:

Total C%rre$t Aet +'0*0'882,00 47

Total Aet """ *+7


15/34

2004>20*0 Cha$e


0: Share Capital

20#,364.00 6: Capital Reserve 3#,0#9,+26.00 39: Unappropriated Proft

""" 2)7Total Share Capital & Reer!e


3,+88,68+.00 2#: Deered !a"ation

69#,2+4.00 34: Deered $%plo&ee 'enefts

#,620,859.00 #5: Provision (or De)o%%issionin* Cost

.'*00'820,00 207Total No$ C%rre$t Liailitie

CURRENT LIABILITIES

9,8+6,8+6.00 53: !rade and other pa&ales

3,6+6,469.00 #45: Provision (or ta"ation""" .(7Total C%rre$t Liailitie

C-!/$C/$S 1D C-/!$!S

""" 247Total Liailitie & E/%it

N#N CURRENT ASSETS

1ie3 Aet

6,5#6,+04.00 23: Propert&, plant and eip%ent

9,5+3,09#.00 20: Develop%ent and prod)tion 1ssets/ntan*ile

++#,695.00 9: $"ploration and evalation assets

""" 207Total No$ 1ie3 Aet

328,302.00 ##: on* !er% /nvest%ents

52,623.00 3: on* !er% oans and Re)ivales

33,580.00 39: on* !er% Prepa&%ents

""" *47Total No$ C%rre$t Aet

C%rre$t Aet

;2,63+,0+3.00< #5: Stores, spare parts and loose tools

63,+83.00 59: Sto)7 in !rade

26,852,#99.00 48: !rade Dets

;4#+,084.00< #6:oans and advan)es

#9+,020.00 4+: Deposits and short ter% pa&%ents

;#0,#25.00< 3+:/nterest 1))red

;52,368.00< 5: -ther Re)eivales

6,032,906.00 ##9: -ther inan)ial 1ssets

3,8+0,002.00 9+: Cash and an7 'alan)es

""" -47Total C%rre$t Aet

""" 247Total Aet


16/34

20*0>20** Cha$e 20**>20*2 Cha$e

0: 0:

#99,456.00 5: 846,862.00 2#: 43,9+3,635.00 40: 65,952,2#3.00 43:

(('*+-'04*,00 287 *..'+44'0+),00 8-7

;+#2,989.00< 3: 2,+59,5+8.00 #3:

60#,396.00 22: #,32#,984.00 40:

#,9#3,6#6.00 #5: 2,844,832.00 20:

*'802'02-,00 )7 .'42.'-4(,00 *87

;##,829,90+.00< 4#: 5,3++,554.00 32:

;#,235,330.00< 20: ;2,559,4+8.00< 5#: 9*-'0.)'2-+,00: >-+7 2'8*8'0+.,00 *-7

-2'404'8++,00 *(7 +.')(-')(),00 247

4,#4+,684.00 #2: #,8#9,859.00 5:

296,040.00 #: 5,+44,608.00 #0:

;#,590,#9+.00< #+: 2,444,959.00 3#:

2'8)-')2+,00 -7 *0'004'(2.,00 47

33+,495.00 #0: 4#8,+03.00 #2:

508,5++.00 2+: 655,+2+.00 2+:

40,6#3.00 34: #86,863.00 ##+:

-'+(0'2*2,00 -7 **'2+0'+*4,00 *07

;84+,424.00< 6: ;#,##9,#3#.00< 8:

89,+5#.00 52: ;5#,3#2.00< 20:

;5,080,9+9.00< 6: 60,#84,452.00 ++:

52#,992.00 24: 2,866,#03.00 #05:

23,588.00 4: 344,56+.00 54:

30+,8#4.00 #80+: 20+,+42.00 64:

532,#22.00 5+: ;460,42#.00< 32:

2+,324,+32.00 246: #3,3+5,026.00 35:

5,998,069.00 +6: ;#0,0+4,200.00< +3:

24'*.4'..),00 2(7 .)'2+2'82.,00 ((7

-2'404'8++,00 *(7 +.')(-')(),00 247


17/34

2008 2004

Salesnet #25,908,304.00 #30,829,5+9.00

Ro&alt& ;#+,320,#8+.00< ;#5,#55,66+.00<

-peratin* e"penses ;#9,6#3,345.00< ;22,6+3,893.00<

!ransportation )har*es ;#,4+2,6#5.00< ;#,522,489.00<

Total #perati$ Epe$e 9-8'(0.'*(+,00: 9-4'-)2'0(4,00:

;ro Pro proft parti)ipation (nd ;4,38+,4##.00< ;4,259,364.00<

Share o( proft in asso)iatenet o( ta"ation 44,680.00 5+,503.00

Pro


18/34

20*0 20** 20*2

#42,5+#,863.00 #55,63#,290.00 #9+,838,+26.00

;#6,+28,843.00< ;#+,+03,60#.00< ;23,#23,#+6.00<

;23,+2+,8#8.00< ;32,99+,860.00< ;34,3+9,542.00<

;#,492,26+.00< ;2,20#,339.00< ;2,029,+55.00<

9(*'4(8'428,00: 9)2'402'800,00: 9)4')-2'(+-,00:

*00'.22'4-),00 *02'+28'(40,00 *-8'-0.'2)-,00

3,300,2#4.00 3,303,9+#.00 9,660,443.00

;+,902,3+0.00< ;6,62#,+05.00< ;4,04+,++4.00<

;#,598,#6#.00< ;2,233,6+2.00< ;2,200,3#3.00<

;#,2+3,3#2.00< ;#,484,+8#.00< ;#,+#8,65#.00<

;4,660,6+#.00< ;4,+88,53+.00< ;+,004,359.00<

64,##8.00 +8,438.00 8+,2#5.00

88'))2'+)-,00 40'482'20(,00 *--'082'8*(,00

;29,3+5,628.00< ;2+,454,934.00< ;36,#++,239.00<

)4'*++'*2),00 .-')2+'2+0,00 4.'40)')+),00

*-,+. *(,++ 22,)-

Co@parati!e A$ali


19/34

Co@parati!e A$ali


20/34

2008 & 2004 Cha$e

Salesnet 4,92#,2+5.00 4:

Ro&alt& 2,#64,520.00 #2:

-peratin* e"penses ;3,060,548.00< #6:

!ransportation )har*es ;49,8+4.00< 3:

Total #perati$ Epe$e 94()'402,00: 27

;ro Pro proft parti)ipation (nd #28,04+.00 3:

Share o( proft in asso)iatenet o( ta"ation #2,823.00 29:

Pro


21/34

2004 & 20*0 Cha$e

##,+42,284.00 9: Salesnet

;#,5+3,#+6.00< #0: Ro&alt&

;#,053,925.00< 5: -peratin* e"penses

30,222.00 2: !ransportation )har*es

92')4.'8+4,00: +7 Total #perati$ Epe$e

4'*()'(0),00 *07 ;ro Pro proft parti)ipation (nd

6,6#5.00 #2: Share o( proft in asso)iatenet o( ta"ation

+'.2('8-0,00 47 Pro


22/34

20*0 & 20** Cha$e 20** & 20*2 Cha$e

#3,059,42+.00 9: 42,20+,436.00 2+:

;9+4,+58.00< 6: ;5,4#9,5+5.00< -*7

;9,2+0,042.00< 39: ;#,38#,682.00< 4:

;+09,0+2.00< 48: #+#,584.00 8:

9*0'4)-'8+2,00: 2.7 9.'.24'.+-,00: *-7

2'*0)'))),00 27 -)')++'+.-,00 -)7

3,+5+.00 0: 6,356,4+2.00 #92:

#,280,665.00 #6: 2,5+3,93#.00 39:

;635,5##.00< 40: 33,359.00 #:

0: 0: ;2##,469.00< #+: ;233,8+0.00< #6:

;#2+,866.00< 3: ;2,2#5,822.00< 46:

#4,320.00 22: 8,+++.00 ##:

2'(24'()*,00 -7 (2'*00'.*0,00 (.7

#,920,694.00 +: ;8,+22,305.00< 32:

('-)0'*(),00 +7 --'-+8'-0),00 )-7

*,0* +7 +,+. )-7


23/34

2008 2004


Share Capital 43,009,284.00 43,009,284.00

Capital Reserve 3,503,064.00 3,658,3#8.00Unappropriated Proft 63,902,995.00 +9,503,+94.00

Total Share Capital & Reer!e """ """


Deered !a"ation #2,#3#,932.00 #+,+#0,49+.00

Deered $%plo&ee 'enefts #,528,444.00 2,008,499.00

Provision (or De)o%%issionin* Cost 6,+95,#4#.00 #0,8#4,506.00

Total No$ C%rre$t Liailitie 20'())')*+,00 -0')--')02,00

CURRENT LIABILITIES

!rade and other pa&ales #+,2#5,555.00 #8,+4+,328.00

Provision (or ta"ation 4,223,048.00 2,540,#+0.00Total C%rre$t Liailitie 2*'(-8'.0-,00 2*'28+'(48,00

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it """ """

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent 23,225,+63.00 28,482,#94.00

Develop%ent and prod)tion 1ssets/ntan*il 36,808,04#.00 49,05+,+66.00

$"ploration and evalation assets +,6+2,444.00 8,++9,699.00Total No$ 1ie3 Aet .+'+0.'2(8,00 8.'-*4'.)4,00

on* !er% /nvest%ents 3,#+5,054.00 2,903,#33.00

on* !er% oans and Re)ivales #,324,059.00 #,849,+0+.00

on* !er% Prepa&%ents #08,93+.00 85,35+.00

Total No$ C%rre$t Aet +2'-*('248,00 4*'*)+'8).,00

C%rre$t Aet

Stores, spare parts and loose tools #6,6#5,095.00 #+,464,35#.00

Sto)7 in !rade #5#,+82.00 #08,30#.00

!rade Dets 40,+05,299.00 56,#40,092.00

oans and advan)es 2,339,03+.00 2,633,965.00

Deposits and short ter% pa&%ents 6+9,#65.00 4#9,62#.00

/nterest 1))red #80,295.00 2+,#56.00

-ther Re)eivales 638,92#.00 9+9,3#9.00

-ther inan)ial 1ssets #0,20+,5#6.00 5,08+,9#+.00

Cash and an7 'alan)es 8,306,548.00 3,9+3,8#8.00

Total C%rre$t Aet +4'82-'.)8,00 8.'8-(')(0,00

Total Aet """ """

BALANCE SHEET TRE


24/34

20*0 20** 20*2

43,009,284.00 43,009,284.00

3,859,682.00 4,059,#38.00 4,906,000.00##0,523,520.00 #54,49+,#55.00 220,449,368.00

*)+'-42'(8.,00 20*').)')++,00 """

2#,499,#84.00 20,+86,#95.00 23,545,++3.00

2,699,++3.00 3,30#,#69.00 4,623,#53.00

#2,435,365.00 #4,348,98#.00 #+,#93,8#3.00

-.'.-('-22,00 -8'(-.'-(),00 ()'-.2'+-4,00

28,624,204.00 #6,+94,29+.00 22,#+#,85#.00

6,2#6,639.00 4,98#,309.00 2,42#,83#.00-('8(0'8(-,00 2*'++)'.0.,00 2'(2*'8-*,00

228'8.+'.)*,00 2.*'+++')28,00 2(')4-'.82,00

34,998,898.00 39,#46,582.00 40,966,44#.00

58,630,85+.00 58,926,89+.00 64,6+#,505.00

9,55#,394.00 +,96#,#9+.00 #0,406,#56.00*0-'*8*'*(4,00 *0.'0-('.+.,00 """

3,23#,435.00 3,568,930.00 3,98+,633.00

#,902,330.00 2,4#0,90+.00 3,066,634.00

##8,93+.00 #59,550.00 346,4#3.00

*08'(--'8)*,00 **2'*+('0.-,00 """

#4,82+,2+8.00 #3,9+9,854.00 #2,860,+23.00

#+2,084.00 26#,835.00 2#0,523.00

82,992,29#.00 ++,9##,3#2.00 #38,095,+64.00

2,2#6,88#.00 2,+38,8+3.00 5,604,9+6.00

6#6,64#.00 640,229.00 984,+96.00

#+,03#.00 324,845.00 532,58+.00

926,95#.00 #,459,0+3.00 998,652.00

##,#20,823.00 38,445,555.00 5#,820,58#.00

+,843,820.00 #3,84#,889.00 3,+6+,689.00

*20'(--'800,00 *(4'.0-'(.),00 """

228'8.+'.)*,00 2.*'+++')28,00 """

ND ANALYSIS TREN


25/34

D ANALYSIS


26/34

2008 & 2004 Cha$


Share Capital 0:

Capital Reserve #55,254.00 4:Unappropriated Proft #5,600,+99.00 24:

Total Share Capital & Reer!e *)'+).'0)-,00 *(7


Deered !a"ation 5,5+8,565.00 46:

Deered $%plo&ee 'enefts 480,055.00 3#:

Provision (or De)o%%issionin* Cost 4,0#9,365.00 59:

Total No$ C%rre$t Liailitie *0'0++'48),00 (47

CURRENT LIABILITIES

!rade and other pa&ales #,53#,++3.00 9:

Provision (or ta"ation ;#,682,8+8.00< 40:Total C%rre$t Liailitie 9*)*'*0),00: >*7

C-!/$C/$S 1D C-/!$!S

Total Liailitie & E/%it 2)'.82'4--,00 *+7

N#N CURRENT ASSETS

1ie3 Aet

Propert&, plant and eip%ent 5,256,43#.00 23:

Develop%ent and prod)tion 1ssets/ntan*ile #2,249,+25.00 33:

$"ploration and evalation assets #,#0+,255.00 #4:Total No$ 1ie3 Aet *8'.*-'(**,00 2+7

on* !er% /nvest%ents ;2+#,92#.00< 9:

on* !er% oans and Re)ivales 525,648.00 40:

on* !er% Prepa&%ents ;23,580.00< 22:

Total No$ C%rre$t Aet *8'8(-'))8,00 2.7

C%rre$t Aet

Stores, spare parts and loose tools 849,256.00 5:

Sto)7 in !rade ;43,48#.00< 29:

!rade Dets #5,434,+93.00 38:

oans and advan)es 294,928.00 #3:

Deposits and short ter% pa&%ents ;259,544.00< 38:

/nterest 1))red ;#53,#39.00< 85:

-ther Re)eivales 340,398.00 53:

-ther inan)ial 1ssets ;5,##9,599.00< 50:

Cash and an7 'alan)es ;4,332,+30.00< 52:

Total C%rre$t Aet +'0*0'882,00 47

Total Aet 2)'.82'4--,00 *+7


27/34

2008 & 20*0 Cha$e


0: Share Capital

356,6#8.00 #0: Capital Reserve 46,620,525.00 +3: Unappropriated Proft

(.'4++'*(-,00 (-7Total Share Capital & Reer!e


9,36+,252.00 ++: Deered !a"ation

#,#+#,329.00 ++: Deered $%plo&ee 'enefts

5,640,224.00 83: Provision (or De)o%%issionin* Cost

*.'*+8'80),00 +47Total No$ C%rre$t Liailitie

CURRENT LIABILITIES

##,408,649.00 66: !rade and other pa&ales

#,993,59#.00 4+: Provision (or ta"ation *-'(02'2(0,00 .-7Total C%rre$t Liailitie

C-!/$C/$S 1D C-/!$!S

+.'))8'*88,00 )07Total Liailitie & E/%it

N#N CURRENT ASSETS

1ie3 Aet

##,++3,#35.00 5#: Propert&, plant and eip%ent

2#,822,8#6.00 59: Develop%ent and prod)tion 1ssets/ntan*ile

#,8+8,950.00 24: $"ploration and evalation assets -)'(+('40*,00 )27Total No$ 1ie3 Aet

56,38#.00 2: on* !er% /nvest%ents

5+8,2+#.00 44: on* !er% oans and Re)ivales

#0,000.00 9: on* !er% Prepa&%ents

-.'**4'))-,00 )07Total No$ C%rre$t Aet

C%rre$t Aet

;#,+8+,8#+.00< ##:Stores, spare parts and loose tools

20,302.00 #3: Sto)7 in !rade

42,286,992.00 #04: !rade Dets

;#22,#56.00< 5: oans and advan)es

;62,524.00< 9: Deposits and short ter% pa&%ents

;#63,264.00< 9#: /nterest 1))red

288,030.00 45: -ther Re)eivales

9#3,30+.00 9: -ther inan)ial 1ssets

;462,+28.00< 6: Cash and an7 'alan)es

(0'.*0'*(2,00 )*7Total C%rre$t Aet

+.'))8'*88,00 )07Total Aet


28/34

2008 & 20** Cha$ 2008 & 20*2 Cha$e

0: 0:

556,0+4.00 #6: #,402,936.00 40: 90,594,#60.00 #42: #56,546,3+3.00 245:

4*'*)0'2-(,00 8-7 2)+'4(4'-04,00 2-(7

8,654,263.00 +#: ##,4#3,84#.00 94:

#,++2,+25.00 ##6: 3,094,+09.00 202:

+,553,840.00 ###: #0,398,6+2.00 #53:

*+'480'828,00 887 2('40+'222,00 *227

;42#,258.00< 2: 4,956,296.00 29:

+58,26#.00 #8: ;#,80#,2#+.00< 43: --+'00-,00 27 9*4'0*.'++2,00: >847

*04'(.8'0.),00 +27 """ >8(7

#5,920,8#9.00 69: #+,+40,6+8.00 +6:

22,##8,856.00 60: 2+,863,464.00 +6:

288,+53.00 4: 2,+33,+#2.00 36: -8'-28'(28,00 )+7 (8'--+'8)(,00 +*7

393,8+6.00 #2: 8#2,5+9.00 26:

#,086,848.00 82: #,+42,5+5.00 #32:

50,6#3.00 46: 23+,4+6.00 2#8:

-4'8)4'+.),00 ))7 )*'*-0'(8(,00 +*7

;2,635,24#.00< #6: ;3,+54,3+2.00< 23:

##0,053.00 +3: 58,+4#.00 39:

3+,206,0#3.00 9#: 9+,390,465.00 239:

399,836.00 #+: 3,265,939.00 #40:

;38,936.00< 6: 305,63#.00 45:

#44,550.00 80: 352,292.00 #95:

820,#52.00 #28: 359,+3#.00 56:

28,238,039.00 2++: 4#,6#3,065.00 408:

5,535,34#.00 6+: ;4,538,859.00< 55:

.4'++4'80+,00 8+7 *-)'0)2'.--,00 *.47

*04'(.8'0.),00 +27 *8.'0**'.*0,00 *227


29/34

2008 2004

Salesnet #25,908,304.00 #30,829,5+9.00

Ro&alt& ;#+,320,#8+.00< ;#5,#55,66+.00<-peratin* e"penses ;#9,6#3,345.00< ;22,6+3,893.00<

!ransportation )har*es ;#,4+2,6#5.00< ;#,522,489.00<

Total #perati$ Epe$e 9-8'(0.'*(+,00: """

;ro Pro proft parti)ipation (nd ;4,38+,4##.00< ;4,259,364.00<

Share o( proft in asso)iatenet o( ta"ation 44,680.00 5+,503.00

Pro


30/34

20*0 20** 20*2

#42,5+#,863.00 #55,63#,290.00 #9+,838,+26.00

;#6,+28,843.00< ;#+,+03,60#.00< ;23,#23,#+6.00< ;23,+2+,8#8.00< ;32,99+,860.00< ;34,3+9,542.00<

;#,492,26+.00< ;2,20#,339.00< ;2,029,+55.00<

9(*'4(8'428,00: 9)2'402'800,00: """

*00'.22'4-),00 *02'+28'(40,00 """

3,300,2#4.00 3,303,9+#.00 9,660,443.00

;+,902,3+0.00< ;6,62#,+05.00< ;4,04+,++4.00<

;#,598,#6#.00< ;2,233,6+2.00< ;2,200,3#3.00<

;#,2+3,3#2.00< ;#,484,+8#.00< ;#,+#8,65#.00< ;4,660,6+#.00< ;4,+88,53+.00< ;+,004,359.00<

64,##8.00 +8,438.00 8+,2#5.00

88'))2'+)-,00 40'482'20(,00 """

;29,3+5,628.00< ;2+,454,934.00< ;36,#++,239.00<

)4'*++'*2),00 .-')2+'2+0,00 4.'40)')+),00

*-,+. *(,++ 22,)-

re$3 A$ali T


31/34

e$3 A$ali


32/34

2008 & 2004 Cha$e

Salesnet 4,92#,2+5.00 4:

Ro&alt& 2,#64,520.00 #2:-peratin* e"penses ;3,060,548.00< #6:

!ransportation )har*es ;49,8+4.00< 3:

Total #perati$ Epe$e 94()'402,00: 27

;ro Pro proft parti)ipation (nd #28,04+.00 3:

Share o( proft in asso)iatenet o( ta"ation #2,823.00 29:

Pro


33/34

2008 & 20*0 Cha$e

#6,663,559.00 #3: Salesnet

59#,344.00 3: Ro&alt& ;4,##4,4+3.00< 2#: -peratin* e"penses

;#9,652.00< #: !ransportation )har*es

9-')(2'+8*,00: 47Total #perati$ Epe$e

""" *)7;ro Pro proft parti)ipation (nd

#9,438.00 44: Share o( proft in asso)iatenet o( ta"ation

""" *-7Pro


34/34

2008 & 20** Cha$e 2008 & 20*2 Cha$e

29,+22,986.00 24: +#,930,422.00 5+:

;383,4#4.00< 2: ;5,802,989.00< 34: ;#3,384,5#5.00< 68: ;#4,+66,#9+.00< +5:

;+28,+24.00< 49: ;55+,#40.00< 38:

""" -87 """ ))7

*)'22.'---,00 *+7 )0'80('04.,00 )87

;56#,565.00< #5: 5,+94,90+.00 #50:

;8,869.00< 0: 2,565,062.00 39:

;985,2#2.00< +9: ;95#,853.00< +6:

3#9,283.00 #00: 3#9,283.00 #00:

;94+,982.00< #++: ;#,#8#,852.00< 220: ;40#,#26.00< 9: ;2,6#6,948.00< 60:

33,+58.00 +6: 42,535.00 95:

*2'.+('800,00 *.7 )('++)'(*0,00 +07

6,5#4,359.00 #9: ;2,20+,946.00< 6:

*4'*84'*)4,00 (-7 )2').+'(.(,00 **47

(,(. (-7 *2,22 **47

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Far Hat Abbas