Page 41 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at December 31, 2025

(All amounts are in Kuwaiti Dinars)

ASSETS Note 2025 2024
Current assets:
Cash and cash equivalents 3 5,373,010 6,280,374
Accounts receivable and other debit balances 4 11,705,842 9,975,154
Inventories 5 1,490,149 1,466,940
Financial assets at fair value through other
comprehensive income (“FVOCI”) 27 181,322 186,255
Total current assets 18,750,323 17,908,723
Non-current assets:
Property and equipment 6 47,601,906 44,316,478
Right-of-use assets 7 944,396 1,185,135
Investment properties 8 12,114,340 11,922,000
Total non-current assets 60,660,642 57,423,613
Total assets 79,410,965 75,332,336

LIABILITIES AND EQUITY

Current liabilities:
Loans and borrowings 9 1,770,000 1,370,000
Accounts payable and other credit balances 10 7,306,765 7,087,996
Lease liabilities 11 600,035 635,110
Total current liabilities 9,676,800 9,093,106

Non-current liabilities:
Loans and borrowings 9 7,377,816 7,940,030
Lease liabilities 11 346,484 561,091
Provision for end of service indemnity 12 2,216,670 2,098,562
Total non-current liabilities 9,940,970 10,599,683
Total liabilities 19,617,770 19,692,789

Equity:
Share capital 13 15,000,000 15,000,000
Statutory reserve 14 7,500,000 8,170,653
Revaluation surplus 6 (c) 9,788,819 9,187,409
Fair value reserve 74,642 79,575
Foreign currency translation reserve (7,986) (12,490)
Retained earnings 27,437,720 23,214,400
Total equity 59,793,195 55,639,547
Total liabilities and equity 79,410,965 75,332,336

The accompanying notes from (1) to (28) form an integral part of the consolidated financial statements.

Sheikh Sabah Mohammad Abdulaziz Al Sabah
Vice Chairman

40 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.