National International K S C P : Financial statements for the 2nd QTR of 2022

National International Holding Company K.S.C.P.

And its subsidiaries

State of Kuwait

Interim Condensed Consolidated Financial Information

And Review Report

For the six months period ended 30 June 2022

(Unaudited)

National International Holding Company K.S.C.P.

And its subsidiaries

State of Kuwait

Interim Condensed Consolidated Financial Information

And Review Report

For the six months period ended 30 June 2022

(Unaudited)

INDEX

Page

Review Report on Interim Condensed Consolidated Financial Information
Interim Condensed Consolidated Statement of Financial Position (Unaudited)	1
Interim Condensed Consolidated Statement of Income (Unaudited)	2
Interim Condensed Consolidated Statement of Comprehensive Income (Unaudited)	3
Interim Condensed Consolidated Statement of Changes in Equity (Unaudited)	4
Interim Condensed Consolidated Statement of Cash Flows (Unaudited)	5
Notes to the Interim Condensed Consolidated Financial Information (Unaudited)	6-13

National International Holding Company K.S.C.P.

And its subsidiaries

State of Kuwait

Interim Condensed Consolidated Statement of Financial Position as at 30 June 2022 (Unaudited)

(All amounts are in Kuwaiti Dinar)

	Notes	30 June		31 December		30 June
		2022	2021	2021
				(Audited)
Assets
Cash and cash equivalents	4	1,087,313	1,529,660	555,148
Accounts receivable and other assets	5	3,385,975	2,488,044	3,542,899
Inventories		927,852	617,060	638,722
Investments at fair value through profit or loss	6	5,706,854	5,196,535	2,713,899
Investments at fair value through OCI	7	16,728,103	17,445,254	13,341,847
Investments in debt instruments at amortized cost	8	9,567,166	9,292,453	8,550,656
Investment in associates	9	13,293,195	13,639,644	12,212,229
Investment properties	10	345,999	953,788	1,433,576
Property and equipment		4,703,409		4,708,819		4,727,201
Total assets		55,745,866	55,871,257	47,716,177
Liabilities and equity
Liabilities
Bank facilities	11	3,288,073	2,708,533	2,802,272
Accounts payable and other liabilities	12	6,297,870		5,951,720		3,127,599
Total liabilities		9,585,943	8,660,253	5,929,871
Equity
Share capital		22,772,138	22,772,138	22,772,138
Share premium		2,813,184	2,813,184	2,813,184
Statutory reserve		1,322,233	1,322,233	1,136,639
Fair value reserve		10,563,094	11,253,231	10,720,180
Treasury shares	13	(1,540,240)	(1,539,404)	(1,870,748)
Treasury shares reserve		490,638	490,638	315,569
Group's share in associates' reserves		(283,976)	(328,110)	(172,007)
Retained earnings		2,031,201	2,002,419	468,174
Equity attributable to the shareholders of the Parent
Company		38,168,272	38,786,329	36,183,129
Non-controlling interests		7,991,651		8,424,675		5,603,177
Total equity		46,159,923		47,211,004		41,786,306
Total liabilities and equity		55,745,866		55,871,257		47,716,177

The accompanying notes form an integral part of this interim condensed consolidated financial information.

Abdul Wahab Mohamed Al-Wazzan	Mamdouh Abdul Ghani El Sherbiny
Chairman	Chief Executive Officer

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National International Holding Company K.S.C.P.

And its subsidiaries

State of Kuwait

Interim Condensed Consolidated Statement of Income for the six months ended 30 June 2022 (Unaudited)

(All amounts are in Kuwaiti Dinar)

	Notes	Three months ended		Six months ended
		30 June			30 June
		2022			2021	2022			2021
Revenues
Net investment (loss) / income	14	(216,294)			-	795,923			84,009
Group share of results from associates		608,303			(87)	691,842			53,197
Profit from operating activities		728,300			807,857	1,629,346			1,668,710
Net loss from investment properties	10	(19,196)			(24,034)	(25,449)			(24,034)
Other income		5,509			144,794		16,036			150,561
		1,106,622			928,530	3,107,698			1,932,443
Expenses
Cost of sales from operating activities		520,030			550,070	1,237,535			1,114,623
Other expenses		378,117			283,627	730,937			605,913
Finance costs		39,012			37,843		73,043			73,119
		937,159			871,540		2,041,515			1,793,655
Profit for the period before deductions		169,463			56,990	1,066,183			138,788
Contribution to KFAS		6,143			6	(2,064)			-
National Labour Support Tax		18,247			(1,377)	(5,136)			(3,205)
Zakat		7,632			(442)		(1,150)			(442)
Net Profit for the period		201,485			55,177	1,057,833			135,141
Attributable to:
Shareholders of the Parent Company		218,546			22,069	1,098,295			74,102
Non-controlling interests		(17,061)			33,108		(40,462)			61,039
		201,485			55,177		1,057,833			135,141
Basic and diluted earnings per share (fils)	15	1			0.1		5			0.3

The accompanying notes form an integral part of this interim condensed consolidated financial information.

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