Swot Analysis Of Raysut Cement

Oman cables industry manufactures and markets a wide range of high quality electrical items like power cables and pilot cables. It was established in 1984 and since then has experienced tremendous growth. The financial statements of the company reflect that they have kept legal and general reserve provisions. The provision has also been kept for employees’ end of service benefits and for the deferred tax liability. They also have provision for taxation and bank borrowings.
RAYSUT CEMENT COMPANY:
Raysut cement is one of the biggest producer of the cement in the gulf countries opened in 2007 in Sohar. It has annual capacity of 4,7 million tons of cement. The consolidated financial statements of Raysut cement for the first and second quarter

Though it is at times need for estimation the amount or timing of receivables, and unbelief is mostly many less than the provisions.
Often it reported as part of the benefits of trade accounts and another payable, whilst provisions reported on separately.
Scope
IAS 37 eliminates requirements and possibilities rising of: [IAS 37.1-6]
• 1) Fiscal implements that stand in the choice of IAS 39 fiscal tools: Confession and dimension (or IFRS 9 Financial Appliances).
2) Non-substantial executory agreements. 3) Insurance decades (see IFRS 4 Insurance decades), but IAS 37 does put on to other supplies, potential accountabilities and potential assets from an insurance company.
4) Stuffs enclosed by another IFRS. For instance, IAS 11 building decades put on to duties ascending below such agreements; IAS 12 Revenue Taxes smears to responsibilities for current or delayed income taxes; IAS 17 Rents put on to tenancy duties; and IAS 19 Employee Welfares put on to pension and other employee advantage

Where is measured one commitment, It may be the individual most likely result better appreciation of the responsibility. But, till at this state, the results of other suitable entity.
Contingent Liabilities and Contingent Assets
FRS makes a distinction among governance and possible liability on the foundation that the entity not must ever that recognizes potential liabilities. FRS request potential liabilities for be uncover except if the bearing of any economical benefits will flow to steady it is far away.
A potential asset generally arises of unexpected events or other unplanned that lead for the potential of the flow of economical benefits to the entity. It is not recognized on potential assets at the financial statements for it could lead to confession the profits, which may not be achieved. With that, when you make a profit almost certain, then the related asset is not possible assets and the confession by it is appropriate. The potential asset is that uncover about where the flow of economic benefit likely.

Contingent liabilities
Contingent liabilities