HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG Statement of financial position As at 31 December 2019 EXHIBIT - B 2019 2018 Note RO RC ASSETS Non-current assets 14 7,746,275 8,407,57
HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG Statement of financial position As at 31 December 2019 EXHIBIT - B 2019 2018 Note RO RC ASSETS Non-current assets 14 7,746,275 8,407,57
Chapter1: Financial Statements And Business Decisions
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![HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG
Statement of financial position
As at 31 December 2019
EXHIBIT- В
2019
2018
Note
RO
RO
ASSETS
Non-current assets
Property, plant and equipment
Deferred tax assets
8,407,572
40,977
14
7,746,275
12
40,551
Total Non-current assets
7,786,826
8,448,549
Current assets
430,885
1,129,440
70,300
Inventories
508,680
860,757
15
Trade and other receivables
16
Due from related parties
46,883
5,217,842
24
Cash and bank balances
17
6,856,734
Total current assets
6,634,162
8,487,359
Total assets
14,420,988
16,935,908
EQUITY
Capital and reserves
Share capital
Legal reserve
Retained earnings
3,000,000
1,000,000
7,529,865
3,000,000
1,000,000
18
19
9,563,504
Total equity - Exhibit – C
11,529,865
13,563,504
LIABILITIES
Non-current liabilities
End of service benefits
20
612,787
537,570
Total non-current liabilities
612,787
537,570
Current liabilities
1,808,661
11,300
155,217
303,158
1,877,186
67,200
393,657
496,791
21
Trade and other payables
Directors' remuneration payable
Due to related parties
Income tax payable
24
24
12
Total current liabilities
2,278,336
2,834,834
Total liabilities
2,891,123
3,372,404
Total equity and liabilities
14,420,988
16,935,908
4.521
Net assets per share
THE CTIED
The financial statements were approved and authorized for issue by the Board of Direeers on t6 February 2020 and
were signed on their behalf by:
C.R. No. 17110214
P.O. Sox 954
* Postal Code 133 *
Suitanate of Oman
H.H. Sayyid Mohammed Thuwainy Shihab Al Said
Chairman
THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PARTOR THESE PINANCIAL STATEMENT.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07958dfd-e59e-413e-84c1-cea0db0c4133%2Fbbf36b6f-1361-450f-b06c-47f208817bfd%2Fh6crws9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG
Statement of financial position
As at 31 December 2019
EXHIBIT- В
2019
2018
Note
RO
RO
ASSETS
Non-current assets
Property, plant and equipment
Deferred tax assets
8,407,572
40,977
14
7,746,275
12
40,551
Total Non-current assets
7,786,826
8,448,549
Current assets
430,885
1,129,440
70,300
Inventories
508,680
860,757
15
Trade and other receivables
16
Due from related parties
46,883
5,217,842
24
Cash and bank balances
17
6,856,734
Total current assets
6,634,162
8,487,359
Total assets
14,420,988
16,935,908
EQUITY
Capital and reserves
Share capital
Legal reserve
Retained earnings
3,000,000
1,000,000
7,529,865
3,000,000
1,000,000
18
19
9,563,504
Total equity - Exhibit – C
11,529,865
13,563,504
LIABILITIES
Non-current liabilities
End of service benefits
20
612,787
537,570
Total non-current liabilities
612,787
537,570
Current liabilities
1,808,661
11,300
155,217
303,158
1,877,186
67,200
393,657
496,791
21
Trade and other payables
Directors' remuneration payable
Due to related parties
Income tax payable
24
24
12
Total current liabilities
2,278,336
2,834,834
Total liabilities
2,891,123
3,372,404
Total equity and liabilities
14,420,988
16,935,908
4.521
Net assets per share
THE CTIED
The financial statements were approved and authorized for issue by the Board of Direeers on t6 February 2020 and
were signed on their behalf by:
C.R. No. 17110214
P.O. Sox 954
* Postal Code 133 *
Suitanate of Oman
H.H. Sayyid Mohammed Thuwainy Shihab Al Said
Chairman
THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PARTOR THESE PINANCIAL STATEMENT.
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