Page 90 - JTC-Annual Report-2025-Eng
P. 90
JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)
Entities
Ultimate under
Parent common
Company control 2025 2024
Balances included in the
consolidated statement of
financial position:
Cash and cash equivalents - 4,502,400 4,502,400 4,144,662
Accrued income included in “Account
receivables and other debit balances” - 39,531 39,531 57,444
Account receivables and other debit
balances (Note 4) - 13,567 13,567 8,930
Accounts payable and other credit
balances 451,760 778 452,538 -
Transactions included in the
consolidated statement of profit or
loss:
Operating revenue - 143,185 143,185 65,710
General and administrative expenses (451,760) (139,854) (591,614) (122,555)
Other income - 100,926 100,926 205,697
Compensation to key management personnel
Key management personnel comprise of the key members of management having authority and
responsibility for planning, directing and controlling the activities of the Group.
The remuneration to key management personnel during the year was as follows:
2025 2024
Salaries and other short term benefits 436,915 436,085
Board of Directors’ remuneration (Note 23) 46,000 41,000
Termination benefits 23,607 23,684
506,522 500,769
87 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.
