NATIONAL CENTRAL COOLING COMPANY National Central Cooling Company PJSC
INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
30 JUNE 2022 (UNAUDITED)
NATIONAL CENTRAL COOLING COMPANY PJSC AND ITS SUBSIDIARIES Interim condensed consolidated financial statements
30 June 2022 (Unaudited)
Pages | |
Report on review of interim condensed consolidated financial statements | 1 |
Condensed consolidated interim statement of profit or loss | 2 |
Condensed consolidated interim statement of comprehensive income | 3 |
Condensed consolidated interim statement of financial position | 4 |
Condensed consolidated interim statement of changes in equity | 5 |
Condensed consolidated interim statement of cash flows | 6 |
Notes to the interim condensed consolidated financial statements | 7 - 21 |
NATIONAL CENTRAL COOLING COMPANY PJSC AND ITS SUBSIDIARIES Interim condensed consolidated statement of profit or loss (unaudited)
For the three months and six months periods ended 30 June 2022 (Unaudited)
Three-months ended | Six-months ended | ||||||||||
30 June | 30 June | ||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||
Notes | AED'000 | AED'000 | AED'000 | AED'000 | |||||||
Continuing operations | |||||||||||
Revenue | 5 | 555,799 | 511,447 | 975,728 | 869,002 | ||||||
Direct costs | (266,569) | (259,260) | (472,728) | (428,841) | |||||||
Gross profit | 289,230 | 252,187 | 503,000 | 440,161 | |||||||
Administrative and other expenses | (66,309) | (60,735) | (126,399) | (114,140) | |||||||
Operating profit | 222,921 | 191,452 | 376,601 | 326,021 | |||||||
Finance costs | 15 | (73,173) | (61,570) | (145,654) | (123,769) | ||||||
Finance income | 2,206 | 287 | 3,517 | 1,212 | |||||||
Other gains and losses, net | 845 | 143 | 1,151 | (2,283) | |||||||
Share of results of associates and joint ventures, net | 8,350 | 12,475 | 18,855 | 24,860 | |||||||
Profit from continuing operations | 161,149 | 142,787 | 254,470 | 226,041 | |||||||
Profit from discontinued operations | - | 12,816 | - | 19,785 | |||||||
Profit for the period | 161,149 | 155,603 | 254,470 | 245,826 | |||||||
Attributable to: | |||||||||||
Equity holders of the parent | |||||||||||
Profit from continuing operations | 152,157 | 135,147 | 240,368 | 213,714 | |||||||
Profit from discontinued operations | - | 12,816 | - | 19,785 | |||||||
152,157 | 147,963 | 240,368 | 233,499 | ||||||||
Non-controlling interests | |||||||||||
Profit from continuing operations | 8,992 | 7,640 | 14,102 | 12,327 | |||||||
Profit from discontinued operations | - | - | - | - | |||||||
8,992 | 7,640 | 14,102 | 12,327 | ||||||||
161,149 | 155,603 | 254,470 | 245,826 | ||||||||
Basic and diluted earnings per share from | |||||||||||
continuing operations attributable to ordinary | |||||||||||
equity holders of the parent (AED) | 0.054 | 0.048 | 0.085 | 0.075 | |||||||
Basic and diluted earnings per share from | |||||||||||
discontinued operations attributable to ordinary | |||||||||||
equity holders of the parent (AED) | 0.000 | 0.005 | 0.000 | 0.007 | |||||||
Total basic and diluted earnings per share | |||||||||||
attributable to ordinary equity holders of the | |||||||||||
parent (AED) | 7 | 0.054 | 0.053 | 0.085 | 0.082 |
The attached notes 1 to 22 form part of the interim condensed consolidated financial statements.
2
NATIONAL CENTRAL COOLING COMPANY PJSC AND ITS SUBSIDIARIES
Interim condensed consolidated statement of comprehensive income (unaudited) For the three months and six months periods ended 30 June 2022 (Unaudited)
Three-months ended | Six-months ended | |||||||
30 June | 30 June | |||||||
2022 | 2021 | 2022 | 2021 | |||||
AED'000 | AED'000 | AED'000 | AED'000 | |||||
Profit for the period | 161,149 | 155,603 | 254,470 | 245,826 | ||||
Other comprehensive income | ||||||||
Items that may be reclassified subsequently to profit or loss: | ||||||||
Exchange difference on translation of foreign operations | (973) | (313) | 134 | (313) | ||||
Net movement in fair value of derivatives in cash flow | ||||||||
hedges | 59,741 | (5,125) | 207,559 | 33,701 | ||||
Share of changes in fair value of derivatives of an associate | ||||||||
and a joint venture in cash flow hedges | 3,935 | (1,866) | 10,875 | 23,308 | ||||
Total other comprehensive income for the period | 62,703 | (7,304) | 218,568 | 56,696 | ||||
Total comprehensive income for the period | 223,852 | 148,299 | 473,038 | 302,522 | ||||
Attributable to: | ||||||||
Equity holders of the parent | ||||||||
Total comprehensive income from continuing operations | 214,860 | 127,843 | 458,936 | 270,410 | ||||
Total comprehensive income from discontinued operations | - | 12,816 | - | 19,785 | ||||
214,860 | 140,659 | 458,936 | 290,195 | |||||
Non-controlling interest | ||||||||
Total comprehensive income from continuing operations | 8,992 | 7,640 | 14,102 | 12,327 | ||||
Total comprehensive income from discontinued operations | - | - | - | - | ||||
8,992 | 7,640 | 14,102 | 12,327 | |||||
223,852 | 148,299 | 473,038 | 302,522 |
The attached notes 1 to 22 form part of the interim condensed consolidated financial statements.
3
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Tabreed - National Central Cooling Company PJSC published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 04:51:09 UTC.
