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As at 31 December
Note(s)
2024
RO ’000
2023
RO ’000
ASSETS
Current assets
Cash and bank balances 4.1 299,364 428,635
Bank balances held in customers account 4.2 19,846 15,975
Trade receivables and other current assets 5 1,481,417 1,284,462
Contract assets 19.2 139,631 125,754
Inventories 6 115,662 81,006
Investment securities at fair value through profit or loss 7 70,151 49,040
2,126,071 1,984,872
Assets of disposal group classified as held for sale 8 119,123 6,254
Total current assets 2,245,194 1,991,126
Non-current assets
Contract assets 19.2 93,277 70,037
Investment securities at fair value through profit or loss 7 24,704 25,357
Investment securities at FVOCI 7 17,130 14,412
Investment securities at amortized cost 7 1,000 1,000
Investments in associates and joint venture 9 248,511 239,848
Other non-current assets 11 139,895 75,454
Deferred tax asset 32,005 28,428
Right of use of assets 10 311,581 257,787
Property and equipment 11 1,918,130 1,814,044
Intangible assets and goodwill 12 3,134,409 3,232,476
Total non-current assets 5,920,642 5,758,843
Total assets 8,165,836 7,749,969
LIABILITIES AND EQUITY
Current liabilities
Trade and other payables 13 1,683,946 1,566,444
Contract liabilities 19.2 119,262 114,362
Income tax payables 14 37,729 32,182
Borrowings 15 894,825 487,100
Lease liabilities 16 45,327 45,653
2,781,089 2,245,741
Liabilities of disposal group classified as held for sale 8 41,048 1,244
Total current liabilities 2,822,137 2,246,985
Non-current liabilities
Borrowings 15 1,678,969 1,880,046
Government grant 17.2 4,226
Lease liabilities 16 353,189 309,574
Other non-current liabilities 17.1 376,776 406,216
Total non-current liabilities 2,413,160 2,595,836
Total liabilities 5,235,297 4,842,821
Equity
Share capital 18 75,000 75,000
Owns shares held by liquidity provider 18 (191)
Reserve on trading in liquidity shares 18 (1,815)
Legal reserve 18 25,000 25,000
Voluntary reserve 18 49,875 49,875
Capital contribution 18 7,288 7,288
Capital reserve 18 36,893 36,893
Foreign currency translation reserve 18 (119,797) (103,843)
Investment fair valuation reserve 18 (4,911) (4,932)
Other reserves 18 566 822
Retained earnings 598,037 560,200
Attributable to the Company’s shareholders 665,945 646,303
Non-controlling interest 2,264,594 2,260,845
Total equity 2,930,539 2,907,148
Total liabilities and equity 8,165,836 7,749,969

The accompanying notes are an integral part of these consolidated financial statements.

Chairman

Director

Chief Executive Officer

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