Advanced Technology K S C P : Financial Statements Q1 2022
May 14, 2022
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Advanced Technology Company K.S.C.P.
Kuwait
Interim Condensed Financial Information (Unaudited)
31 March 2022
Advanced Technology Company K.S.C.P.
Kuwait
C o n t e n t s
Page
Independent Auditors' Review Report
1
Interim Condensed Statement of Financial Position (Unaudited)
2
Interim Condensed Statement of Profit or Loss (Unaudited)
3
Interim Condensed Statement of Profit or Loss and Other Comprehensive Income (Unaudited)
4
Interim Condensed Statement of Changes in Equity (Unaudited)
5
Interim Condensed Statement of Cash Flows (Unaudited)
6
Notes to the Interim Condensed Financial Information (Unaudited)
7 - 13
Advanced Technology Company K.S.C.P.
Kuwait
Interim Condensed Statement of Profit or Loss - Three months period ended 31 March 2022 (Unaudited)
Kuwaiti Dinars
Three months ended
31 March
2022
2021
Note
(Unaudited)
(Unaudited)
Revenue
39,271,691
33,043,664
Cost of sales
(29,017,463)
(22,465,194)
Gross profit
10,254,228
10,578,470
Sales and administrative expenses
(5,221,629)
(5,605,131)
Depreciation of right-of-use of assets
(47,408)
(121,802)
Depreciation and amortization
(1,707,256)
(1,773,461)
Operating profit
3,277,935
3,078,076
Other income
497,670
229
Finance costs
(1,444,605)
(1,456,907)
Profit before contribution to KFAS, NLST, ZAKAT, and Remuneration to Board
of Directors
2,331,000
1,621,398
Contribution to Kuwait Foundation for Advancement of Sciences
(23,310)
(16,214)
Contribution to National Labor Support Tax
(93,535)
(101,567)
Contribution to Zakat
(37,413)
(20,489)
Remuneration to Board of Directors
(54,875)
(26,250)
Net profit for the period
2,121,867
1,456,878
Earnings per share (fils)
11
14.15
9.71
The accompanying notes 1 to 17 are an integral part of this interim condensed financial information.
3
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ATC - Advanced Technology Company KSCC published this content on 15 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 13:05:05 UTC.
Advanced Technology Co KSCP is a Kuwait-based shareholding company engaged in healthcare products trading; the installation and maintenance of equipment; the civil construction of healthcare facilities, and the investment of funds in investment securities through portfolio managers. The Company is active in the import, supply and maintenance of medical, laboratory, diagnostic, pharmaceutical, sterilization and disinfection, agriculture and veterinary products, as well as health and fitness and commercial kitchen equipment. The Company offers a range of equipment and supplies, hardware and software products to over 500 health care facilities in the region, and provides over 2000 products to customers both in public and private sectors.
ADVANCED TECHNOLOGY COMPANY K.S.C.P. 
