Ekttitab K S C Public : Detailed analysis of the accumulated losses

u .............. " n v') !Lilli

•

EK TE T TAB i-IIv' ~L~'- ''''' 1'',j!,'!''!''-''! '''' L! ''!v~---

CII-==--==========:z::II::=-======:::C:_-== ::::: I-=:'''

Detailed analysis of accumulated losses

Emad Husain Nea Chairman

The accumulated losses amounted to KD20,628,138, equivalent to approximately 65% of the company's capital, compared to KD 15,093,323 equivalent to 47.37% of the company's capital. The main reason for the increase in accumulated losses is due to:

• • Loss from Sale of investments of Other Comprehensive

  Income

• • Loss of cancellation of investments of Other

  Comprehensive Income by decision from Capital Market Authority (cancellation of Capital Increment of Jiyad

  Holding Co.)

• • Increase ofthe Prov is ion for Expected credit losses.

• • Achieving growth in the company's revenues.

• • Achieving the operational efficiency of the company's assets.

  • • Focus on restructuring the company's assets and liabilities.

  • • Reduce the value of the Provision for Expected credit losses.

  • • Reduce the Value of the G&AExpenses

I

"'

nt I Irrv :~Ul- nronl· : .... A.L,L..., - w ...... fi Ir·rA .y..; ,;;~I r v .... : y . ~ - Ii .;-,..ul - ~~ ~ - c!.l.;4J.1 >.'~ t.;~ - c;~1 - c ..... pl Kuwait - Sharq - Jaber AI-Mubarak Street - Behbehani Complex - Floor 16 - P.O. Box: 2799 - Safat 13028 - Tel.: [phone] - Fax : [phone]