DEPA LIMITED Depa Limited
Annual Report
2016
depa.com
Depa Limited
Contents Annual Report 2016
Contents
01 | Vision, Mission and Values | Page 02 |
02 | Highlights | Page 03 |
03 | Chairman's Message | Page 04 |
04 | Group Chief Executive Officer's Operational Review | Page 05 |
05 | Financial Review | Page 09 |
06 | Key Projects | Page 13 |
07 | The Board | Page 14 |
08 | Board Members | Page 21 |
09 | Connected Persons | Page 24 |
10 | Corporate Governance and Risk Management | Page 26 |
11 | Audited Financials | Page 37 |
Depa is a strategic management company specialising in global interior solutions. Depa's Key Business Units hold market-leading positions in their respective regions, Design Studio, Vedder, Depa Interiors Group and Deco Group. Employing thousands of people worldwide, the Group's operations are centred around three operating hubs: the UAE, Germany and Singapore.
Depa Limited is listed on the Nasdaq Dubai (DEPA:DU) and is head-quartered in Dubai, United Arab Emirates.
In this Annual Report a reference to 'Depa', 'Depa Group', 'The Group', 'we', 'us', or 'our' is a reference to Depa Limited and certain entities that it controls unless otherwise stated.
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Depa Limited
01 Vision, Mission and Values
Annual Report 2016
Vision, Mission and Values
Our Vision
Global Interior Solutions
Our Mission
To deliver sustainability, profitability and performance for our clients, shareholders and employees.
Our Values
Transparency
We will encourage and practice open communication by sharing relevant information and ideas. We will trust and respect each other by promoting inclusive communication.
Integrity
We will act honestly and respect ourselves, our colleagues and all company stakeholders.
Accountability
We will take ownership and responsibility for our actions with a positive attitude. We will each commit to what we are responsible for. We will take a can-do approach to all of our tasks.
Professionalism
We will be consistently productive by working together as a team, sharing knowledge, innovating, collaborating, inspiring and enhancing the overall business. We will embrace and welcome change as a catalyst for creating opportunities. We will work to identify and eliminate risks.
Exceptional Service
By building strong, sustainable and healthy relationships we will deliver on our promise and enhance our reputation and credibility. We will stay motivated and focused to provide competitive solutions tailored for our clients.
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imited
Depa L
Highlights
Annual Report 2016
02 Highlights
AED 1,730mnRobust revenue growth: Revenue of
2015
2016
Up AED 90million, 5% on 2015
Gross profit of
AED 324mn2015 2016
Up AED 171million, 112% on 2015
Gross margin of 19% compared with 9% in 2015
AED 0.07
0.51
Full year audited net profit of
AED 52mn2015: AED (0.44)
Up AED 324.7million on 2015
Four quarters of profit generating earnings per share of AED 0.07.
Design Studio, Vedder, Depa Interiors Group and Deco Group all performed well in 2016
Backlog of AED 1,927mn1.1x 2016 revenue
Solid net
cash position of
AED 278mn2015 2016
Up AED 153.3million, 123% on 2015
Strong cash generation and robust balance sheet
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Depa Ltd. published this content on 26 March 2017 and is solely responsible for the information contained herein.
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