INDUSTRIES QATAR Q.P.S.C. INDUSTRIES QATAR Q.P.S.C.
DOHA - QATAR
INTERIM CONDENSED
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE-MONTH PERIOD ENDED
MARCH 31, 2024
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
For the three-month period ended March 31, 2024
CONTENTS | Page |
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, 2024
March 31, | December 31, | ||||
Note | 2024 | 2023 | |||
(Unaudited) | (Audited) | ||||
QR' 000 | QR' 000 | ||||
ASSETS | |||||
Non-current assets | |||||
Property, plant and equipment | 3 | 13,298,801 | 13,357,311 | ||
Capital project advances | 169,828 | 175,041 | |||
Investments in associates | 4 | 1,621,084 | 1,810,706 | ||
Investments in joint ventures | 5 | 6,954,925 | 6,782,965 | ||
Deemed investment | 198,132 | 137,797 | |||
Right-of-use assets | 251,124 | 261,844 | |||
Intangible asset | 1,448 | 1,479 | |||
Advances to an associate | 191,493 | 191,493 | |||
Total non-current assets | |||||
22,686,835 | 22,718,636 | ||||
Current assets | |||||
Inventories | 2,693,042 | 2,833,277 | |||
Trade and other receivables | 2,463,744 | 2,665,434 | |||
Financial assets at fair value through profit or loss | 399,251 | 421,079 | |||
Cash and bank balances | 3,256,181 | 3,564,342 | |||
Fixed deposits | 7,854,200 | 10,849,847 | |||
Total current assets | 16,666,418 | 20,333,979 | |||
Total assets | 39,353,253 | 43,052,615 |
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, 2024
Note
Revenues
Cost of sales
Gross profit
General and administrative expenses Selling and distribution expenses
Share of results of investments in associates Share of results of investments in joint ventures Finance costs
Other income - net
Profit before tax
Income tax
Profit for the period
Attributable to:
Equity holders of the parent
Non-controlling interest
Earnings per share | |
Basic and diluted earnings (QR per share) | 6 |
For the three-month period
ended March 31,
2024 | 2023 | |
(Unaudited) | (Unaudited) | |
QR' 000 | QR' 000 | |
2,913,384 | 3,467,196 | |
(2,072,655) | (2,754,572) | |
840,729 | 712,624 | |
(153,534) | (166,532) | |
(14,735) | (13,767) | |
76,101 | 64,128 | |
353,960 | 382,473 | |
(6,888) | (7,253) | |
186,079 | 195,318 | |
1,281,712 | 1,166,991 | |
(453) | (384) | |
1,281,259 | 1,166,607 | |
1,280,504 | 1,165,925 | |
755 | 682 | |
1,281,259 | 1,166,607 | |
0.21 | 0.19 |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
- 3 -
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the three-month period ended March 31, 2024
Profit for the period
Other comprehensive income
Items that may be reclassified subsequently to statement of profit or loss
Share of other comprehensive income of associates
Total comprehensive income for the period
Attributable to:
Equity holders of the parent
Non-controlling interest
For the three-month period
ended March 31,
2024 | 2023 | |
(Unaudited) | (Unaudited) | |
QR' 000 | QR' 000 | |
1,281,259 | 1,166,607 |
9,8906,163
1,291,1491,172,770
1,290,394 1,172,088
755682
1,291,149 1,172,770
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
- 4 -
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the three-month period ended March 31, 2024
Attributable | Non- | ||||||||||||||||
Share | Legal | Hedging | Other | Retained | to owners of | controlling | Total | ||||||||||
Capital | reserve | reserve | reserves | earnings | the parent | interest | equity | ||||||||||
QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | ||||||||||
Balance as at December 31, | |||||||||||||||||
2023 (Audited) | 6,050,000 | 271,942 | (7,873) | (54,392) | 33,699,253 | 39,958,930 | 17,411 | 39,976,341 | |||||||||
Profit for the period | -- | -- | -- | -- | 1,280,504 | 1,280,504 | 755 | 1,281,259 | |||||||||
Other comprehensive income | -- | -- | 9,890 | -- | -- | 9,890 | -- | 9,890 | |||||||||
Total comprehensive income for | -- | -- | 9,890 | -- | 1,280,504 | 1,290,394 | 755 | 1,291,149 | |||||||||
the period | |||||||||||||||||
Dividends declared | -- | -- | -- | -- | (4,719,000) | (4,719,000) | (510) | (4,719,510) | |||||||||
Balance as at March 31, 2024 | 6,050,000 | 271,942 | 2,017 | (54,392) | 30,260,757 | 36,530,324 | 17,656 | 36,547,980 | |||||||||
(Unaudited) |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
- 5 -
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the three-month period ended March 31, 2024
Attributable to | Non- | ||||||||||||||||
Share | Legal | Hedging | Other | Retained | owners of the | controlling | Total | ||||||||||
Capital | reserve | reserve | reserves | earnings | parent | interest | equity | ||||||||||
QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | QR' 000 | ||||||||||
Balance as at December 31, 2022 | |||||||||||||||||
(Audited) | 6,050,000 | 271,059 | (8,156) | (49,728) | 35,739,722 | 42,002,897 | 16,651 | 42,019,548 | |||||||||
Profit for the period | -- | -- | -- | -- | 1,165,925 | 1,165,925 | 682 | 1,166,607 | |||||||||
Other comprehensive income | -- | -- | 6,163 | -- | -- | 6,163 | -- | 6,163 | |||||||||
Total comprehensive income for | -- | -- | 6,163 | -- | 1,165,925 | 1,172,088 | 682 | 1,172,770 | |||||||||
the period | |||||||||||||||||
Social and sport contribution | |||||||||||||||||
fund refund | -- | -- | -- | -- | 4,111 | 4,111 | -- | 4,111 | |||||||||
Dividends declared | -- | -- | -- | -- | (6,655,000) | (6,655,000) | -- | (6,655,000) | |||||||||
Balance as at March 31, 2023 | 6,050,000 | 271,059 | (1,993) | (49,728) | 30,254,758 | 36,524,096 | 17,333 | 36,541,429 | |||||||||
(Unaudited) |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
- 6 -
INDUSTRIES QATAR Q.P.S.C.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the three-month period ended March 31, 2024
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment and catalysts
Movement in fixed deposits
Dividends received from financial assets at fair value through profit or loss
Dividends received from joint ventures Dividends received from associates Deemed Investment
Interest income received
Net cash generated by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Finance charges paid
Payment of lease liability
Dividends paid
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at January 1
Cash and cash equivalents at March 31
For the three-month period
ended March 31,
2024 | 2023 | |
(Unaudited) | (Unaudited) | |
QR' 000 | QR' 000 | |
(294,470) | (361,909) | |
2,995,647 | 444,960 | |
18,914 | 18,739 | |
182,000 | 54,600 | |
275,613 | 421,272 | |
(60,337) | (15,491) | |
291,857 | 229,606 | |
3,409,224 | 791,777 | |
(5,389)(5,667)
(10,379)(67,846)
(4,719,510) (6,655,000)
(4,735,278) (6,728,513)
(304,314) (4,520,327)
3,460,004 9,626,954
3,155,690 5,106,627
.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
- 8 -
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IQ - Industries Qatar QSC published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 16:13:32 UTC.
