|
 |
 |
GCC
LEASING FUND |
|
SUMMARY OF FINANCIAL
STATEMENTS |
|
Statistical Financial Position (Unaudited) As at 30
November 2005 |
| |
|
ASSETS |
US Dollar
|
|
Total
Investments |
68,024,098.42 |
|
Investment Debtors |
357,229.28 |
|
Accrued Revenues |
98,925.48 |
|
Prepaid Expenses |
597.15 |
|
Other
Debtors |
0.00 |
|
|
|
Total
Assets |
$ 68,480,850.33
|
|
|
|
LIABILITIES
|
|
|
Capital Participation |
61,362,000.00 |
|
Issue
Premium |
63,673.68 |
|
Transferred
Profit /losses |
10,712.99 |
|
Profits Distribution |
(1,637,104.80) |
|
Profit
for the Period |
2,320,300.56 |
|
Other
Liabilities |
6,361,268.54 |
|
|
|
Total Liabilities |
$ 68,480,850.33 |
|
|
|
INCOME
STATEMENT
(Unaudited)
From March 1, 2005 to November 30, 2005 |
|
|
US Dollar
|
|
Total
Income |
3,244,403.30 |
|
Less
: |
|
|
General
& Administrative Expenses
|
158,040.57 |
|
Risk
Provision |
210,516.88 |
|
|
Net
Operational Profit |
|
|
(Before Mudarib's Share) |
2,875,845.85
|
|
Mudarib’s
Share |
555,545.29 |
|
|
|
Net
Profit for the Period |
$ 2,320,300.56 |
|
|
|
| |
|
|
|
