Report and condensed consolidated financial information for the six month period ended 30 June 2022
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TABLE OF CONTENTS
01 | 02 | 03 |
Report on review of | Condensed consolidated | Condensed consolidated |
condensed consolidated | statement of financial | statement of profit or |
financial information | position | loss |
04 | 05 | 06 |
Condensed consolidated | Condensed consolidated | Condensed consolidated |
statement of profit or | statement of changes in | statement of cash flows |
loss and other | equity | |
comprehensive income |
07
Notes to the condensed consolidated financial statements
Condensed consolidated statement of profit or loss
Six month | Six month | Three month | Three month | |||||
period ended | period ended | period ended | period ended | |||||
30 June 2022 | 30 June 2021 | 30 June 2022 | 30 June 2021 | |||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||
Note | AED '000 | AED '000 | AED '000 | AED '000 | ||||
Continuing operations | ||||||||
Revenue from sale of goods and | ||||||||
services | 18 | 55,375 | 65,719 | 28,695 | 33,576 | |||
Cost of sale of goods and services | 18 | (45,528) | (23,753) | |||||
(44,367) | (22,931) | |||||||
Gross profit | 11,008 | 20,191 | 5,764 | 9,823 | ||||
Share of profit / (loss) from equity- | ||||||||
accounted associates and joint | ||||||||
ventures, net | 9 | 4,986 | (10,142) | 2,303 | (4,471) | |||
Impairment of equity-accounted | ||||||||
associates and joint ventures | - | (32,014) | - | (32,014) | ||||
Gain on disposal of equity- | ||||||||
accounted associates and joint | ||||||||
ventures | 31,263 | 50,511 | 31,263 | 50,511 | ||||
Income from financial | ||||||||
investments, net | 19 | 149,853 | 501,536 | (107,815) | 277,748 | |||
Income from investment property, | ||||||||
net | 24,572 | 23,212 | 12,430 | 11,542 | ||||
Other income / (expense), net | 2,318 | (5,110) | 1,827 | (6,080) | ||||
Net operating income / (loss) | 224,000 | 548,184 | (54,228) | 307,059 | ||||
General and administrative | ||||||||
expenses | 20 | (64,593) | (107,726) | (17,613) | (53,284) | |||
Finance cost, net | 21 | (54,284) | (41,800) | (28,547) | (21,514) | |||
Profit / (loss) for the period from | ||||||||
continuing operations | 105,123 | 398,658 | (100,388) | 232,261 | ||||
Discontinued operations | ||||||||
Loss for the period from | ||||||||
discontinued operations | 6 | (6,430) | (15,580) | (1,008) | (11,678) | |||
Profit / (loss) for the period | 98,693 | 383,078 | (101,396) | 220,583 | ||||
Profit / (loss) for the period | ||||||||
attributable to: | ||||||||
Owners of the Company | 87,282 | 264,481 | (59,342) | 153,900 | ||||
Non-controlling interests | 11,411 | 118,597 | (42,054) | 66,683 | ||||
Profit / (loss) for the period | 98,693 | 383,078 | (101,396) | 220,583 | ||||
Basic and diluted earnings / (loss) | ||||||||
per share attributable to the | ||||||||
Owners of the Company (AED) | 13 | 0.046 | 0.144 | (0.032) | 0.084 | |||
Basic and diluted earnings / (loss) | ||||||||
per share from continuing | ||||||||
operations attributable to the | ||||||||
Owners of the Company (AED) | 13 | 0.043 | 0.135 | (0.032) | 0.077 | |||
The notes numbered 1 to 23 are an integral part of these condensed consolidated financial statements. 3