FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF INCOME

    Year ended 31 Dec 2015 Year ended 31 Dec 2014
  Note KD KD
Revenue 8 61,906,141 36,437,200
Cost of revenue   (36,057,375) (17,167,967)
Net income   25,848,766 19,269,233
Net income from ticket sale and related services   213,391 263,028
Net loss on investment properties 17.2 (58,117) (1,927,195)
Loss on disposal of investment properties 17 - (22,603)
Net loss from investment in associates and joint venture 7.2.2 - (10,596,267)
Impairment in value of assets 11a (4,120,256) (3,447,809)
Net gain on disposal of subsidiary 7.1.2 15,287,357 -
Interest income 9 239,845 472,024
Other income 10 3,440,625 -
    40,851,611 4,010,411
     
Staff costs   6,093,685 4,996,849
Sales and marketing expenses   1,905,283 2,576,686
Other operating expenses and charges 11b 17,383,630 12,273,024
Depreciation 15 4,546,928 4,996,563
Finance costs 12 8,985,301 9,499,092
Total expenses and other charges   38,914,827 34,342,214
Profit/(loss) before taxation, KFAS, NLST and Zakat   1,936,784 (30,331,803)
       
Tax credit (expense) relating to overseas subsidiaries 13 18,873 (137,163)
Contribution to Kuwait Foundation for the Advancement of Sciences (KFAS)   (22,629) -
Provision for National Labour Support Tax (NLST)   (64,171) -
Provision for Zakat   (25,668) -
Profit /(loss) for the year   1,843,189 (30,468,966)
       
     
Owners of the Parent Company   2,401,874 (29,920,281)
Non-controlling interests   (558,685) (548,685)
    1,843,189 (30,468,966)

Basic and diluted earnings/(loss) per share attributable to the owners of the Parent Company

14 3.95 Fils 49.04 Fils