MUSCAT CITY DESALINATION COMPANY SAOG Statement of profit or loss and other comprehensive income for year ended 31 December 2019 Notes 2019 2018 RO'000s RO'000s Operating revenue Operating costs 16,071 (9,776) 17 16,810 (10,654) 18 Gross profit 6,156 6,295 Other income 28 (867) (3,143) Administrative and general expenses 19 (885) Finance costs (net) 20 (3,357) Profit for the year before tax 2,174 (690) 2,053 Income tax 21 (904) Profit for the year 1,484 1,149 Other comprehensive (loss) / income for the year - Items that may be reclassified subsequently to profit or lass Changes in fair values of derivative financial instruments Deferred tax on changes in fair values of derivative financial instruments (3,057) 1,311 458 (197) Other comprehensive (loss) / income for the year net of income tax (2,599) 1,114 Total comprehensive (loss) / income for the year (1,115) 2,263 0.010 0.007 Earnings per share - basic and diluted (RO) 22 11cTY DESALINATION COMPANY SAOG 6. Statement of financial position as at 31 December 2019 Notes 2019 RO'000s 2018 RO'000s ASSETS Non-current assets Property, plant and equipment Lease asset (right of use assets) Deferred tax 89,168 91,545 185 716 21 162 Total non-current assets 90,069 91,707 Current assets Trade and other receivables Cash and cash equivalents 1,482 1,973 3,455 1,385 1,820 3,205 Total current assets Total assets 93,524 94,912 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Cumulative changes in fair values of derivative financial instruments 15,555 1,777 15,555 1,628 254 336 10 (3,223) (624) Total equity 14,445 16,813 Non-current linbilities Non-curent portion of term loans Non-curent portion of fair value of derivative financial instruments Provision for decommissioning obligation Deferred tax Lease liability - non-current partion Sharcholders' bridge loms Sharehokders" stand-by equity loans End-of-service benefles 56,450 59,562 657 349 10 3,592 366 3,785 21 3,001 24 13 183 8,854 3,854 14 754 26 15 Total non-current liabilities 74,010 72,438 Curreat liabilities Current portion of term loans Current portion of fair value of derivative financial instruments Lease liability - current portion Shareholders' stand-by equity loans Trade and other payables 3,188 3,106 10 200 77 24 14 754 15 1,674 1,724 Total current liabilities 5,069 5,661 Total liabilities 79,079 78,099 Total equity and liabilities 93,524 94,912 Net nssets per share (RO) 23 0.093 0.108 Chairman Chief Expeutive Officer The accompanying notes form an integral part of these financial statements.