Report on Review of Interim Condensed Consolidated Financial Statements
1 - 2
Interim Condensed Consolidated Statement of Comprehensive Income
3
Interim Condensed Consolidated Statement of Financial Position
4
Interim Condensed Consolidated Statement of Changes in Equity
5 - 6
Interim Condensed Consolidated Statement of Cash Flows
7
Notes to the Interim Condensed Consolidated Financial Statements
8 - 27
Emaar Development PJSC and its Subsidiaries
INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the period ended 30 June 2022 (Unaudited)
(US$ 1.00 = AED 3.673)
Notes
Six-month period ended
Three-month period ended
30 June 2022
30 June 2021
30 June 2022
30 June 2021
AED'000
AED'000
AED'000
AED'000
Revenue
4
7,282,520
7,754,702
3,714,379
3,907,055
Cost of revenue
4
(4,173,610)
(4,803,615)
(2,122,117)
(2,468,583)
________
________
________
________
GROSS PROFIT
3,108,910
2,951,087
1,592,262
1,438,472
Selling, general and administrative
(668,254)
(332,482)
expenses
5
(853,438)
(410,524)
Finance income
6(a)
83,996
17,860
43,352
10,006
Finance cost
6(b)
(136,566)
(142,847)
(65,245)
(88,344)
Other income
38,378
14,938
18,366
11,877
Share of results of joint ventures
80,686
102,794
24,658
41,344
________
________
________
________
PROFIT FOR THE PERIOD
2,507,150
2,090,394
1,280,911
1,002,831
Other comprehensive income
-
-
-
-
TOTAL COMPREHENSIVE
________
________
________
________
INCOME FOR THE PERIOD
2,507,150
2,090,394
1,280,911
1,002,831
ATTRIBUTABLE TO:
═══════
═══════
═══════
═══════
2,190,454
1,140,076
Owners of the Company
1,512,393
731,503
Non-controlling interest
316,696
578,001
140,835
271,328
───────
───────
──────
──────
2,507,150
2,090,394
1,280,911
1,002,831
Earnings per share attributable to
═══════
═══════
═══════
═══════
the owners of the Company:
-basic and diluted earnings per
0.55
0.29
share (AED)
0.38
0.18
═══════
═══════
══════
══════
The accompanying notes 1 to 18 form an integral part of these interim condensed consolidated financial statements.
3
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Emaar Development PJSC published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 12:34:03 UTC.
Emaar Development PJSC is United Arab Emirates based company engaged in the real estate development. The Company is engaged in the the property investment, development, and development management business in the United Arab Emirates. Emaar operates through 3 different main segments: Real Estate, Leasing and Related Activities, and Hospitality. The Real Estate segment develops, creates and sell condominiums, villas, commercial units, and plots of land. The leasing and Related activities develops malls and manages malls in addition to retail, commercial and residential areas. The Hospitality segment develops and manages a portfolio of hospitality assets, such as Hotels, serviced residences, golf retreats and yacht clubs, among others. Its portfolio includes properties, such as Burj Khalifa, Dubai Marina, among others.
EMAAR DEVELOPMENT 
