Report and consolidated financial information for the three month period ended 30 September 2022

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

Note

As at

As at

30 September 2022

31 December 2021

(Unaudited)

(Audited)

AED '000

AED '000

ASSETS

Property and equipment, net

18,818

36,392

Right-of-use assets

17

34,137

99,649

Investment property

7

243,322

711,422

Goodwill and intangible assets

36,965

78,983

Loan investments

8

39,453

-

Investments in equity-accounted associates and joint

ventures

9

165,516

170,242

Financial investments

10

6,611,740

6,414,024

Inventories

2,015

15,604

Trade and other receivables

11

657,605

641,900

Cash and bank balances

12

687,710

1,421,350

Assets held for sale

6

466,800

-

Total assets

8,964,081

9,589,566

EQUITY AND LIABILITIES

Equity

Share capital

13

1,944,515

1,944,515

Treasury shares

(157,735)

(267,184)

Retained earnings

1,017,764

1,089,852

Reserves

544,420

544,666

Equity attributable to the Owners of the Company

3,348,964

3,311,849

Non-controlling interests

1,722,139

1,479,541

Total equity

5,071,103

4,791,390

Liabilities

Borrowings

14

3,307,522

4,117,198

End of service benefit provision

19,054

26,288

Derivative liabilities

15

92,989

100,626

Lease liabilities

17

37,529

119,918

Trade and other liabilities

16

435,884

434,146

Total liabilities

3,892,978

4,798,176

Total equity and liabilities

8,964,081

9,589,566

Chairman

Vice Chairman

Acting Chief Financial Officer

Nine-month

Nine-month

Three-month

Three-month

period ended

period ended

period ended

period ended

30 September

30 September

30 September

30 September

2022

2021

2022

2021

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Note

AED '000

AED '000

AED '000

AED '000

Continuing operations

Revenue from sale of goods and

services

18

79,847

91,447

24,472

25,728

(65,412)

(21,045)

Cost of sale of goods and services

18

(65,794)

(20,266)

Gross profit

14,435

25,653

3,427

5,462

Share of profit / (loss) from equity-

accounted associates and joint

ventures, net

9

7,106

(14,427)

2,120

(4,285)

Impairment of equity-accounted

associates and joint ventures

-

(77,969)

-

(45,955)

Gain on disposal of equity-

accounted associates and joint

ventures

9

31,263

50,511

-

-

Income from financial

investments, net

19

339,708

670,133

189,855

168,597

Income from investment

property, net

36,549

36,236

11,977

13,024

11,487

9,169

Other income, net

3,968

9,078

Net operating income

440,548

694,105

216,548

145,921

General and administrative

expenses

20

(122,419)

(155,987)

(57,826)

(48,261)

(82,221)

(27,937)

Finance cost, net

21

(65,973)

(24,173)

Profit for the period from

continuing operations

235,908

472,145

130,785

73,487

Discontinued operations

Loss for the period

(9,887)

(3,457)

6

(17,956)

(2,376)

Gain on disposal of subsidiary

32,653

32,653

22

-

-

Profit / (loss) for the period

from discontinued

operations

22,766

(17,956)

29,196

(2,376)

Profit for the period

258,674

454,189

159,981

71,111

Profit for the period

attributable to:

186,966

99,684

Owners of the Company

296,540

32,059

Non-controlling interests

71,708

157,649

60,297

39,052

Profit for the period

258,674

454,189

159,981

71,111

Basic and diluted earnings per

share attributable to the

Owners of the Company (AED)

13

0.100

0.161

0.053

0.017

Basic and diluted earnings per

share from continuing

operations attributable to the

Owners of the Company (AED)

13

0.084

0.171

0.037

0.019