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Partial Financial Statements - 2nd Quarter 2008

Tabuk Cement Company has announced its partial financial statements for the 2nd Qtr Half of the year 2008. The following is a presentation of the balance sheet and income statement. (Negative values are in red):

Balance Sheet
	30/06/2008	30/06/2007
Assets
Current Assets
Cash and Bank Balances	444,578,707	353,203,184
Short-Term Investments
Debited Balances and Accounts Receivables	22,259,103	15,099,430
Inventory	99,735,884	97,775,084
Total Current Assets	566,658,694	466,077,698
Investments	67,499,990	67,499,990
Fixed Assets - Net	675,551,250	714,871,176
Capital Works Under Construction	3,609,964	3,231,772
Deferred Charges - Net	7,862,099	10,573,681
	754,523,303	796,176,619
Total Assets	1,321,181,997	1,262,254,317
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable and others	24,054,760	21,699,731
Dividends Payable & Other accruals to the Shareholders	137,685,471	73,475,169
Dividends Proposed for Distribution
Current Installment - SIDF Loan
Provision for Zakat and Income Tax	2,436,110	3,128,573
Total Current Liabilities	164,176,341	98,303,473
Long Term Loan SIDF
End of Service Benefits	7,930,488	6,511,784
Total Liabilities	172,106,829	104,815,257
Shareholders' Equity
Capital	900.000.000	900.000.000
Statutory Reserve	116,730,264	94,764,393
Retained Earnings	132,344,904	162,674,667
Total Shareholders' Equity	1,149,075,168	1,157,439,060
Total Liabilities & Shareholders' Equity	1,321,181,997	1,262,254,317

Income Statement
	Year 2008	Year 2007
Net Sales	195,604,318	183,262,724
Cost of Sales	(80,145,084)	(64,639,065)
Gross Profit	115,459,234	118,623,659
Selling & Marketing Expenses	(946,004)	(898,075)
General and Administrative Expenses	(6,218,516)	(5,685,506)
Total Expenses	(7,164,520)	(6,583,581)
Net Income of Main Activity	108,294,714	112,040,078
Other Income (Expenses)
Other Income	13,510,772	11,142,225
Financing Expenses
Total Other Income (Expenses)	121,805,486	123,182,303
Period's Net Income before Zakat
Provision for Zakat	(2,436,110)	(3,079,558)
Net Income for Period	119,369,376	120,102,745
Share Revenue	1.33	1.33