Global Telecom E : GTH Q2 2023 English financials

Condensed interim separate financial statements

Global Telecom Holding S.A.E.

As of and for the six-month period ended June 30, 2023

Together with the Review Report

Translation of separate financial statements

Originally issued in Arabic

Global Telecom Holding S.A.E.

Condensed interim separate statement of financial position

As of

		June 30,	December 31,
	Note	2023	2022
(In millions of USD)
Assets
Non-current assets
Investments in subsidiaries	8	0.1	0.1
Due from related parties	9	907.5	900.3
Total non-current assets		907.6	900.4
Current assets
Due from related parties	9	70.9	64.8
Other financial assets	10	0.8	0.8
Cash and cash equivalents	11	1.3	1.5
Total current assets		73.0	67.1
Total assets		980.6	967.5
Equity and liabilities
Equity		969.7	957.8
Total equity		969.7	957.8
Liabilities
Current liabilities
Other financial liabilities	12	10.9	9.7
Total current liabilities		10.9	9.7
Total liabilities		10.9	9.7
Total equity and liabilities		980.6	967.5

On behalf of the Board of Directors

Gerbrand Nijman

Managing Director and Vice-Chairman

Review report "attached"

The accompanying notes from (1) to (17) are an integral part of these condensed interim separate financial statements.

1

Translation of separate financial statements

Originally issued in Arabic

Global Telecom Holding S.A.E.

Condensed interim separate statement of income

For the six and three-month period ended June 30

(In millions of USD, except per share amounts)

Other operating expenses

Total operating (loss)

Impairment loss on loans receivables from related parties

Finance income

Net foreign exchange gain / (loss)

(Loss) / profit before tax

Earnings / (Losses) per share (expressed in USD per share)

Basic and diluted (losses) / earnings per share for the period

	Six-month period	Three-month period
Note	2023	2022	2023	2022
4	(2.5)	(1.3)	(0.2)	(0.1)
	(2.5)	(1.3)	(0.2)	(0.1)
5	-	(124.0)	-	24.0
6	14.1	13.4	7.1	7.0
	0.3	(2.3)	-	(0.3)
	11.9	(114.2)	6.9	30.6
7	0.003	(0.024)	0.002	0.006

The accompanying notes from (1) to (17) are an integral part of these condensed interim separate financial statements.

2