Interim condensed consolidated statement of financial position
1 - 2
Interim condensed consolidated statement of profit or loss
3
Interim condensed consolidated statement of profit or loss and other comprehensive income
4
Interim condensed consolidated statement of changes in equity
5 - 6
Interim condensed consolidated statement of cash flows
7 - 8
Notes to the Interim condensed consolidated financial statements
9 - 12
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at March 31, 2022
Note
March 31,
December 31,
2022
2021
(Unaudited)
(Audited)
QR' 000
QR' 000
Property, plant and equipment
3
12,522,928
12,695,877
Investments in associates
4
1,634,265
1,577,311
Investments in joint ventures
5
7,418,753
6,822,599
Right-of-use assets
178,518
186,902
Intangible asset
1,693
1,723
Total non-current assets
21,756,157
21,284,412
Current assets
Inventories
1,691,322
2,004,231
Trade and other receivables
3,826,991
4,584,170
Financial assets at fair value through profit or loss
379,577
348,510
Cash and bank balances
5,220,835
4,606,901
Fixed deposits
5,909,788
9,479,477
Total current assets
17,028,513
21,023,289
Total assets
38,784,670
42,307,701
ASSETS Non-current assets
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
- 1 -
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the three-month period ended March 31, 2022
For the three-month period ended March 31, 2021
2022
(Unaudited)
Note
(Unaudited)
(Restated)
QR' 000
QR' 000
Revenues
5,280,579
2,839,825
Cost of sales
(3,217,695)
(1,966,096)
Gross profit
2,062,884
873,729
General and administrative expenses
(175,822)
(146,545)
Selling and distribution expenses
(31,240)
(17,395)
Share of results of investments in associates
57,249
22,165
Share of results of investments in joint ventures
672,594
608,342
Finance costs
(5,494)
(5,915)
Other income - net
123,830
109,977
Profit before tax
2,704,001
1,444,358
Income tax
(145)
(414)
Profit for the period
2,703,856
1,443,944
Attributable to:
Equity holders of the parent
2,703,618
1,443,210
Non-controlling interest
238
734
2,703,856
1,443,944
Earnings per share
Basic and diluted earnings (QR per share)
6
0.45
0.24
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
- 3 -
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IQ - Industries Qatar QSC published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 18:59:12 UTC.
Industries Qatar Q.P.S.C is a holding Qatar-based company. The Company is engaged in three business segments: the Petrochemical segment, which produces and sells ethylene, polyethylene, methyl tertiary butyl ether (MTBE), methanol, caustic soda, ethylene dichloride, vinyl chloride monomer and other petrochemical products; the Fertilizer segment produces and sells urea, ammonia and other by products, and the Steel segment produces and sells steel pellets, bars, billets and others. The Companyâs subsidiaries and joint ventures include Qatar Steel Company QSC, Qatar Petrochemical Company (QAPCO) QSC, Qatar Fertiliser Company QSCC and Qatar Fuel Additives Company Limited QSCC.
INDUSTRIES QATAR Q.P.S.C. 
