Aluminium Bahrain B.S.C.

Report Publication Announcement • Dec 31, 2010

.C.S.B Bahrain Aluminium Statements Financial

(2010 December 31 ended Year(

com.albasmelter

2010 December 31 at POSITION FINANCIAL OF STATEMENT 2009 2010 000' BD 000 'BD ASSETS assets current-Non 1,043,023 992,149 equipment and plant ,Property 20,630 17,192 receivable term Long 1,063,653 1,009,341 assets Current 168,111 152,308 Inventories 3,438 3,438 receivable term long of portion Current 92,215 99,342 prepayments and receivable Accounts 748 - shareholder a from due Amounts 16,395 2,352 instruments financial Derivative 46,357 59,812 cash and balances Bank 327,264 317,252 1,390,917 1,326,593 ASSETS TOTAL LIABILITIES AND EQUITY Equity 142,000 142,000 capital Share - (3,735) shares Treasury 54,807 68,629 reserve Statutory 249 249 reserve Capital 75,954 - shareholders from Contributions 380,675 491,539 earnings Retained 653,685 698,682 equity Total liabilities current-Non 295,923 243,738 Borrowings 129,438 102,742 instruments financial Derivative 991 972 benefits service of end' Employees 426,352 347,452 liabilities Current 160,684 145,367 Borrowings 8,823 6,813 loans term Short 97,991 84,765 accruals and payable Accounts 43,382 43,514 instruments financial Derivative 310,880 280,459 737,232 627,911 liabilities Total 1,390,917 1,326,593 LIABILITIES AND EQUITY TOTAL 2010 December 31 ended Year INCOME COMPREHENSIVE OF STATEMENT 2009 2010 000' BD 000 'BD 581,786 750,819 customers to Sales 748 - shareholder a to Sales 582,534 750,819 revenue sales Total (538,121) (555,079) sales of Cost 44,413 195,740 PROFIT GROSS 4,213 6,160 income Other (11,908) (15,566) expenses distribution and Selling (24,024) (26,400) expenses Administrative (6,980) (454) equipment and plant property of off Write 1,349 (3,072) exchange on gain) Loss( (161) (195) fees' Directors (23,385) (7,633) costs Finance (16,483) 148,580 DERIVATIVES BEFORE YEAR THE FOR) LOSS (PROFIT derivative of settlement/revaluation on Loss (66,193) (10,358) (net (instruments financial (82,676) 138,222 YEAR THE FOR) LOSS (PROFIT - - year the for income comprehensive Other (82,676) 138,222 YEAR THE FOR) LOSS (INCOME COMPREHENSIVE TOTAL (58) 98 (fils (share per earnings diluted and Basic 2010 December 31 ended Year EQUITY IN CHANGES OF STATEMENT Contributions Total earnings Retained shareholders from reserve Capital reserve Statutory shares Treasury capital Share 000' BD 000 'BD 000 'BD 000 'BD 000 'BD 000 'BD 000 'BD 660,407 463,351 - 249 54,807 - 142,000 2008 December 31 at Balance (82,676) (82,676) - - - - - year the for loss comprehensive Total 75,954 - 75,954 - - - - shareholders to due amounts from Transfer 653,685 380,675 75,954 249 54,807 - 142,000 2009 December 31 at Balance 2010 December 31 ended Year FLOWS CASH OF STATEMENT 000' BD 000 'BD ^{2009 2010} ACTIVITIES OPERATING (82,676) 138,222 year the for) loss (Profit :for Adjustments 74,480 74,239 Depreciation 656 904 benefits service of end' employees for Provision 61,175 (12,521) instruments financial derivative of revaluation on loss) Gain( 427 (206) equipment and plant ,property of disposal on loss) Gain( 6,980 454 value book net - equipment and plant ,property of off Write (1,148) (533) income Interest 22,734 7,244 costs Finance - 75 Plan Incentive Stock' Employees on Cost 82,628 207,878 :changes capital Working 58,874 15,803 Inventories 32,644 (7,127) prepayments and receivable Accounts 1,177 - shareholder a from due Amounts (25,296) (12,881) accruals and payable Accounts 150,027 203,673 operations from Cash (591) (923) paid benefits service of end' Employees 149,436 202,750 activities operating from flows cash Net ACTIVITIES INVESTING (35,342) (24,002) equipment and plant ,property of Purchase 155 389 equipment and plant ,property of disposal from Proceeds - (3,011) deposit Term 1,148 533 received Interest (34,039) (26,091) activities investing in used flows cash Net ACTIVITIES FINANCING 3,438 3,438 receivable term long of Repayment 191,686 202,186 availed Borrowings (262,115) (269,688) repaid Borrowings (2,993) (2,010) loans term short in Movement (24,614) (7,965) paid costs Finance - (932) deposit Margin - (12,412) shares treasury of Purchase - (2,700) plan incentive stock' employees for shares of Purchase - (1,110) Offering Public Initial the to subsequent shares of Purchase - (75,954) shareholders from contributions of Repayment (20,894) - shareholders to due amounts in Movement (115,492) (167,147) activities financing in used flows cash Net (95) 9,512 EQUIVALENTS CASH AND CASH IN) DECREASE (INCREASE 46,452 46,357 January 1 at equivalents cash and Cash 46,357 55,869 DECEMBER 31 AT EQUIVALENTS CASH AND CASH

:by behalf their on signed and 2011 February 28 on Directors the of resolution a with accordance in issue for authorised were statements financial These

138,222 138,222 - - - - - year the for income comprehensive Total (75,954) - (75,954) - - - - shareholders to repaid Amounts (13,536) - - - - (13,536) - year the during purchased shares Treasury - (13,536) - - - 13,536 - shares treasury of Reissue (3,735) - - - - (3,735) - year the during purchased shares Treasury - (13,822) - - 13,822 - - reserve statutory to Transfer 698,682 491,539 - 249 68,629 (3,735) 142,000 2010 December 31 at Balance