Aamal Company Q.P.S.C.
Unaudited condensed consolidated
interim financial statements
for the three-month period ended
31 March 2023
Aamal Company Q.P.S.C. | |||||
Condensed consolidated interim statement of financial position | |||||
As at 31 March 2023 | In Qatari Riyals | ||||
31 March | 31 December | ||||
2023 | 2022 | ||||
(Unaudited) | (Audited) | ||||
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 258,505,539 | 261,352,993 | |||
Investment properties | 7,196,013,383 | 7,193,500,605 | |||
Right-of-use assets | 36,725,059 | 38,923,945 | |||
Equity-accounted investees | 365,859,924 | 352,103,333 | |||
Retention receivables | 4,046,420 | 6,862,649 | |||
Total non-current assets | 7,861,150,325 | 7,852,743,525 | |||
Current assets | |||||
Inventories | 227,117,566 | 267,261,804 | |||
Investments at fair value through profit or loss | 9,443,555 | 9,443,555 | |||
Trade and other receivables | 670,404,133 | 620,642,295 | |||
Amounts due from related parties | 62,566,433 | 56,228,565 | |||
Cash and cash equivalents | 165,203,808 | 243,544,209 | |||
Total current assets | 1,134,735,495 | 1,197,120,428 | |||
Total assets | 8,995,885,820 | 9,049,863,953 | |||
Equity and liabilities | |||||
Equity | |||||
Share capital | 6,300,000,000 | 6,300,000,000 | |||
Legal reserve | 706,257,279 | 706,257,279 | |||
Retained earnings | 647,524,869 | 875,030,360 | |||
Equity attributable to owners of the Company | 7,653,782,148 | 7,881,287,639 | |||
Non-controlling interests | 44,100,827 | 44,332,005 | |||
Total equity | 7,697,882,975 | 7,925,619,644 | |||
Liabilities | |||||
Non-current liabilities | |||||
Borrowings | 232,481,033 | 255,546,162 | |||
Lease liabilities | 30,266,737 | 32,365,432 | |||
Employees' end of service benefits | 26,283,764 | 26,688,096 | |||
Total non-current liabilities | 289,031,534 | 314,599,690 | |||
Current liabilities | |||||
Borrowings | 92,260,513 | 107,836,134 | |||
Lease liabilities | 12,305,651 | 12,293,679 | |||
Trade and other payables | 504,236,711 | 515,628,733 | |||
Amounts due to related parties | 400,168,436 | 173,886,073 | |||
Total current liabilities | 1,008,971,311 | 809,644,619 | |||
Total liabilities | 1,298,002,845 | 1,124,244,309 | |||
Total equity and liabilities | 8,995,885,820 | 9,049,863,953 |
Sheikh Mohamed Bin Faisal Al Thani | Rashid Bin Ali Al Mansoori |
Vice Chairman and Managing Director | Chief Executive Officer |
Aamal Company Q.P.S.C.
Condensed consolidated interim statement of profit or loss and other comprehensive income
For the three months ended 31 March 2023 | In Qatari Riyals | ||||
For the three months | |||||
ended 31 March | |||||
2023 | 2022 | ||||
(Unaudited) | (Unaudited) | ||||
Revenue | 511,422,901 | 453,493,423 | |||
Cost of sales | (391,214,782) | (348,586,122) | |||
Gross profit | 120,208,119 | 104,907,301 | |||
Other income | 3,570,706 | 1,260,236 | |||
Marketing and promotion expenses | (1,678,835) | (2,714,924) | |||
General and administrative expenses | (41,307,739) | (31,347,768) | |||
Net impairment losses on financial assets | (144,935) | (178,138) | |||
Operating profit for the period | 80,647,316 | 71,926,707 | |||
Finance income | 234,636 | 1,372,159 | |||
Finance costs | (7,375,212) | (6,684,486) | |||
Finance costs - net | (7,140,576) | (5,312,327) | |||
Share of profit of equity-accounted investees | 13,756,591 | 8,124,367 | |||
Profit for the period | 87,263,331 | 74,738,747 | |||
Other comprehensive income | - | - | |||
Total comprehensive income for the period | 87,263,331 | 74,738,747 | |||
Profit for the period attributable to: | |||||
Owners of the Company | 87,494,509 | 73,618,493 | |||
Non-controlling interests | (231,178) | 1,120,254 | |||
87,263,331 | 74,738,747 | ||||
Total comprehensive income for the period attributable to: | |||||
Owners of the Company | 87,494,509 | 73,618,493 | |||
Non-controlling interests | (231,178) | 1,120,254 | |||
87,263,331 | 74,738,747 | ||||
Basic and diluted earnings per share | |||||
(attributable to owners of the Company) | |||||
(expressed in QR per share) | 0.014 | 0.012 |