COMPUTER STATIONERY INDUSTRY SAOG
CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2008     Group Parent Company Group Parent Company           ASSETS 2008 2008 2007 2007 Non-current assets RO RO RO RO Property, plant and equipment 2,461,270 916,927 1,951,808 428,067 Intangible asset 243,950   254,150  -             Investment in subsidiary   640,000  -   640,000   ---------- ---------- ---------- ----------   2,705,220 1,556,927 2,205,958 1,068,067    ---------  ---------  ---------  --------- Current assets         Inventories 1,079,409 380,178 1,054,348 439,099           Accounts and other receivables 1,305,860 500,233 1,272,792 803,676 Cash in hand and at bank 34,368 21,651 27,908 15,585    -------------  -------------  -------------  -------------   2,419,637 902,062 2,355,048 1,258,360   --------- --------- --------- ---------           Total assets 5,124,857 2,458,989 4,561,006 2,326,427   ===== ===== ===== =====           EQUITY AND LIABILITIES                 Capital and reserves         Share capital 1,000,000 1,000,000 1,000,000 1,000,000 Legal reserve 293,064 298,513 266,114 271,563 General reserve 70,000 - 65,000 -             Retained earnings 617,819 446,336 416,111 353,786   --------- --------- --------- ---------   1,980,883 1,744,849 1,747,225 1,625,349   --------- --------- --------- --------- Non-current liabilities         Government term loans and deferred income 16,300 16,300 32,600 32,600 Other term loans 460,843 11,105 406,132 44,441 Deferred tax 104,452 32,858 104,570 35,514 Employee end of service benefits 153,223 76,872 143,209 65,296   ---------- ---------- ---------- ----------   734,818 137,135 686,511 177,851   --------- --------- --------- --------- Current liabilities         Current portion of Government term loans and deferred income 16,300 16,300 36,800 16,300 Current portion of other term loans 336,839 38,892 236,078 33,336 Taxation 44,883 15,900 29,386 13,380 Accounts and other payables 671,835 143,497 684,425 100,841 Bank borrowings 1,339,299 362,416 1,140,581 359,370   --------- --------- --------- ---------   2,409,156 577,005 2,127,270 523,227   --------- --------- --------- --------- Total liabilities 3,143,974 714,140 2,813,781 701,078   ------------- ------------- ------------- ------------- Total equity and liabilities 5,124,857 2,458,989 4,561,006 2,326,427   ===== <===== ===== ===== Net assets 1,980,883 1,744,849 1,747,225 1,625,349   ===== ===== ===== ===== Net assets per share 1.981 1.745 1.747 1.625   ===== ===== ===== =====           These financial statements were approved and authorised for issue by the Board of Directors on 9 February 2008 and signed on their behalf by           CHAIRMAN     DIRECTOR             COMPUTER STATIONERY INDUSTRY SAOG     CONSOLIDATED INCOME STATEMENT       FOR THE YEAR ENDED 31 DECEMBER 2008       Group Parent Group Parent     Company   Company   2008 2008 2007 2007   RO RO RO RO Revenue 3,859,457 1,368,652 3,239,871 1,153,893 Cost of sales (2,761,672) (947,896) (2,477,163) (864,852)   --------- <--------- --------- --------- Gross profit 1,097,785 420,756 762,708 289,041 Other income 62,212 40,310 114,325 105,325   ---------- ---------- ---------- ---------- Total income 1,159,997 461,066 877,033 394,366   --------- --------- --------- ---------           General and administrative expenses (548,722) (257,942) (488,747) (210,891)           Selling and distribution expenses (59,752) (21,778) (42,960) (16,439) Finance charges (122,945) (28,447) (110,716) (40,552)   ---------- ---------- ---------- ----------   (731,419) (308,167) (642,423) (267,882)   --------- --------- --------- --------- Operating profit 428,578 152,899 234,610 126,484 Dividend from subsidiary -   130,000 -   100,000   ----------- ----------- ----------- -----------           Profit before taxation 428,578 282,899 234,610 226,484 Taxation (44,920) (13,399) (22,241) (10,502)   -------- -------- -------- -------- Profit for the year 383,658 269,500 212,369 215,982   ====== ====== ====== ====== Earnings per share 0.384 0.270 0.212 0.216    ====== ======  ====== ======           Financial statements are available in Arabic and English at the Head Office in     Plot No.711, Road No.7, Rusayl Industrial Estate, Sultanate of Oman

Computer Stationery Industry SAOG Unaudited consolidated Profit and Loss account For the Nine months ended 30th September 2009 Particulars 9 months ended 9 months ended Change %   30-Sep-09 30-Sep-08     RO RO           Turnover/Revenue 2,533,387 2,916,182 -13.13% Gross profit 810,157  1,020,616 -20.62%         Depreciation (278,359) (247,196) 12.61% Admin & General expenses (343,215) (389,078) -11.79%         Operating profit 188,583 384,342 -50.93% Finance charges (119,093) (90,183) 32.06% Other Income 28,643 43,596 -34.30% Investment income - -           Profit before taxation and minority interests 98,133   337,755 -70.95% Taxation  * (13,600)   (40,991) -66.82%         Net profit attributable to ordinary shareholders 84,533  296,764 -71.52% Dividend per share**   -   -           Net profit margin***  3.34% 10.18% -67.21%         *  represents  provision for taxation & deferred Taxation ** - Dividend per share is calculated by dividing the dividends paid or proposed during the period by the average number of shares in issue for the period *** -  Net profit margin  =Net profit for the period x 100/ Turnover for period         Computer Stationery Industry SAOG Unaudited consolidated Balance Sheet as on 30-09-2009 Particulars 30-Sep-09 30-Sep-08 Change % RO RO   Fixed Assets  2,774,735 2,725,283 1.81% Current Assets       Inventories 647,172 779,623 -16.99%         Trade receivables 1,094,103 1,047,135 4.49% Receivable from related parties 8,060 103,417 -92.21% Advances to related Parties    -    -   Investments - -   Bank and cash 58,763 40,824 43.94% Other assets     58,991 56,228 4.91% Total Current Assets 1,867,089 2,027,227 -7.90% Current Liabilities       Trade and other creditors 157,051 286,945 -45.27% Payable to related parties 1,578 1,888 -16.42% Bank overdrafts   1,523,978 1,215,980 25.33% Short term maturity of long term loans 310,789 285,633 8.81% Accrued expenses 314,173 353,797 -11.20% Unpaid dividends 1,546 519 197.88% Provision for deferred tax 109,402 109,520 -0.11% Provision for taxation 8,570 35,887 -76.12%         Total Current Liabilities 2,427,087 2,290,169 5.98%         Long term liabilities       Bank loans  349,321 552,052 -36.72% Government Soft Loans - 16,300 -100.00% Total Long Term Liabilities 349,321 568,352 -38.54% Net Assets 1,865,416 1,893,989 -1.51% Shareholders' funds       Share Capital 1,000,000 1,000,000 0.00% Legal Reserve 293,064 266,114 10.13% Profit and loss account 502,352 562,875 -10.75% General Reserve 70,000 65,000 7.69% Total Shareholders equity  1,865,416 1,893,989 -1.51%