Al Waha Capital : Report and condensed consolidated financial information for the three month period ended 30 June 2021

Report and condensed consolidated financial information for the six month period ended 30 June 2021

www.wahacapital.ae

TABLE OF CONTENTS

01		02	03
Report on review of	Condensed consolidated	Condensed consolidated
condensed consolidated	statement of financial	statement of profit or loss
financial information		position

04		05	06
Condensed consolidated	Condensed consolidated	Condensed consolidated
statement of profit or loss	statement of changes in	statement of cash flows
and other comprehensive		equity
	income

07

Notes to the condensed consolidated financial statements

Condensed consolidated statement of profit or loss and other comprehensive income

			Six month period		Six month	Three month		Three month
			ended 30 June		period ended 30	period ended		period ended 30
			2021		June 2020	30 June 2021		June 2020
			(Unaudited)		(Unaudited)	(Unaudited)		(Unaudited)
	Note	AED '000		AED '000	AED '000		AED '000
Revenue from sale of goods and
services	17		156,444	146,461		78,495	72,190
Cost of sale of goods and
services	17		(120,674)	(113,938)		(61,386)	(55,801)
Gross profit			35,770	32,523		17,109	16,389
Share of loss from equity-
accounted associates and
joint ventures, net	8		(10,142)	(10,153)		(4,471)	(9,875)
Impairment of equity-accounted
associates and joint ventures	8		(32,014)	(10,000)		(32,014)	(10,000)
Gain on disposal of equity-
accounted associates and
joint ventures			50,511	-		50,511	-
Income from financial
investments	18		501,536	59,379		277,748	506,272
Gain on settlement of loan
investments			-	11,244		-	-
Income from investment
property, net			23,212	19,522		11,542	10,329
Other (expense) / income, net			(3,993)	4,924		(5,501)	2,380
Net operating income			564,880	107,439		314,924	515,495
General and administrative
expenses	19		(136,309)	(98,316)		(70,976)	(52,505)
Finance cost, net	20		(45,493)	(58,891)		(23,365)	(31,291)
Profit / (loss) for the period			383,078	(49,768)		220,583	431,699
Profit / (loss) for the period
attributable to:
Owners of the Company			264,481	(27,208)		153,900	267,246
Non-controlling interests			118,597	(22,560)		66,683	164,453
Profit / (loss) for the period			383,078	(49,768)		220,583	431,699
Basic and diluted earnings /
(loss) per share attributable
to the Owners of the
Company (AED)	12		0.14	(0.01)		0.08	0.15

The notes numbered 1 to 23 are an integral part of these condensed consolidated financial statements.

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