Separate financial statements
Global Telecom Holding S.A.E.
As of and for the year ended December 31, 2021
Together with the Auditor's Report
Translation of separate financial statements Originally issued in Arabic
Global Telecom Holding S.A.E. | ||
Separate statement of financial position as of | ||
December 31, | December 31, | |
Note | 2021 | 2020 |
0.3 | 0.3 | |
468.8 | 377.1 | |
469.1 | 377.4 | |
515.0 | 44.3 | |
4.1 | 4.3 | |
0.2 | 3.3 | |
519.3 | 51.9 | |
- | 423.2 | |
988.4 | 852.5 | |
978.1 | 843.6 | |
978.1 | 843.6 | |
- | 0.5 | |
10.3 | 8.4 | |
10.3 | 8.9 | |
10.3 | 8.9 | |
988.4 | 852.5 |
(In millions of USD)
Assets Non-current assets
Investments in subsidiaries 11
Due from related parties 13
Total non-current assets
Current assets
Due from related parties 13
Other financial assets 14
Cash and cash equivalents 16
Total current assets
Assets held for sale 12
Total assets
Equity and liabilities Equity
Total equity
Liabilities Current liabilities
Due to related parties 13
Other financial liabilities 15
Total current liabilities
Total liabilities
Total equity and liabilities
On behalf of the Board of Directors
Gerbrand Nijman
Managing Director and Vice-Chairman
Auditor's report "attached"
The accompanying notes from (1) to (24) are an integral part of these separate financial statements.
1
Translation of separate financial statements Originally issued in Arabic
Global Telecom Holding S.A.E.
Separate statement of income
For the year ended December 31 2021
2020 | |||
Note | Represented* | ||
(In millions of USD, except per share amounts) | |||
Continuing operations | |||
Other operating expenses | 4 | (3.3) | (8.0) |
Other income | 5 | 108.2 | 104.4 |
Other expenses | 6 | (10.9) | (10.6) |
Total operating profit | 94.0 | 85.8 | |
Finance cost | 7 | - | (50.3) |
Finance income | 8 | 18.9 | 28.4 |
Net foreign exchange (loss) / gain | (2.8) | 0.7 | |
Profit from continuing operations | 110.1 | 64.6 | |
Discontinued operations | |||
Profit from discontinued operations, net of tax | 9 | 4.3 | 9.5 |
Profit for the year | 114.4 | 74.1 | |
Basic and diluted earnings per share | |||
from continuing operations | 10 | 0.023 | 0.014 |
from discontinued operations | 10 | 0.001 | 0.002 |
0.024 | 0.016 |
* Some of comparative figures of the statement of income for the year ended December 31, 2020, have been represented to discontinued operations after the sale of the Algerian subsidiary Omnium Telecom Algerie SpA, in addition to Oratel International Inc. and Moga Holding Ltd. to the VEON group in August 2021, and to be consistent with the current year presentation, which is mainly representing of dividend income received from Omnium Telecom Algerie SpA and Oratel International Inc, together with the withholding tax on dividend related to these dividends.
The accompanying notes from (1) to (24) are an integral part of these separate financial statements.
2
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Global Telecom Holding SAE published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 08:18:08 UTC.