Qatari Investors Q S C : INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE THREE MONTHS PERIOD ENDED 31 MARCH 2022

QATARI INVESTORS GROUP (Q.P.S.C.)

DOHA - QATAR

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

AS AT AND FOR THE THREE MONTHS PERIOD ENDED 31 MARCH 2022

Qatari Investors Group (Q.P.S.C.)
Interim Condensed Consolidated Financial Statements
As at and for the three months period ended 31 March 2022
Contents	Page
Condensed consolidated financial statements
Interim condensed consolidated statement of financial position	1
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

As at 31 March 2022	in Qatari riyals
31 March,	31 December,
2022	2021
(Unreviewed)	(Audited)
ASSETS
Non-current assets
Property, plant and equipment	2,250,203,238	2,264,082,120
Right of use assets	63,768,231	65,113,973
Investment properties	777,222,211	769,231,515
Goodwill	312,819,226	312,819,226
Investment in associates	27,220,302	28,329,787
Financial investments at FVTOCI	9,670,779	9,670,779
Derivative financial assets	63,403,711	28,556,185
Total non-current assets	3,504,307,698	3,477,803,585
Current assets
Contract assets	9,613,148	19,744,436
Inventories	147,329,568	115,885,000
Derivative financial assets	10,144,594	4,393,259
Prepayments and other debit balances	40,760,785	36,217,432
Advances to contractors and suppliers	15,945,291	19,185,130
Accounts receivable	263,254,762	239,551,662
Due from related parties	13,856,147	14,172,449
Cash and cash equivalents	779,511,895	793,790,900
Total current assets	1,280,416,190	1,242,940,268
Total assets	4,784,723,888	4,720,743,853
As at 31 March 2022	in Qatari riyals
31 March,	31 December,
2022	2021
(Unreviewed)	(Audited)
EQUITY
Share capital	1,243,267,780	1,243,267,780
Legal reserve	621,633,890	621,633,890
Fair value reserve	6,054,979	6,054,979
Hedging reserves	73,548,305	32,949,444
Retained earnings	1,031,927,999	949,999,717
Proposed dividends	-	124,326,778
Equity attributable to the shareholders of the Company	2,976,432,953	2,978,232,588
Non-controlling interest	(3,748,903)	(3,357,006)
Total equity	2,972,684,050	2,974,875,582
LIABILITIES
Non-current liabilities
Bank borrowings	1,042,298,890	1,119,527,245
Lease liabilities	60,126,432	59,325,377
Employees' end of service benefits	9,644,544	9,520,747
Total non-current liabilities	1,112,069,866	1,188,373,369
Current liabilities
Bank borrowings	153,333,742	153,839,398
Lease liabilities	6,870,702	6,860,227
Accounts payable	33,770,298	36,888,439
Due to related parties	1,988,737	1,750,705
Retention payables	5,471,565	5,097,126
Notes payable	2,841,535	3,231,073
Accruals and other liabilities	495,693,393	349,827,934
Total current liabilities	699,969,972	557,494,902
Total liabilities	1,812,039,838	1,745,868,271
Total equity and liabilities	4,784,723,888	4,720,743,853

These interim condensed consolidated financial statements were approved by the Board of Directors and signed on their behalf by the following on 25 April, 2022:

_______________________________________

Sheikh Hamad Bin Faisal Al Thani

Vice Chairman

Interim Condensed Consolidated Statement of Profit or Loss For the three months period ended 31 March 2022

in Qatari riyals

For the three months period ended

31 March

2022	2021
(Unreviewed)	(Unreviewed)
Revenue	210,776,099	192,202,640
Cost of revenue	(99,605,239)	(123,340,310)
Gross profit	111,170,860	68,862,330
Share of profit of investment in associates	2,553,898	3,022,714
Investment income	1,996,256	1,154,000
Selling and distribution expenses	(1,079,850)	(2,439,487)
General and administrative expenses	(23,150,315)	(22,464,399)
Finance costs	(10,761,089)	(11,694,983)
Income from short-term deposits and saving accounts	2,223,276	1,413,589
Other income	1,129,889	1,782,577
Net profit for the period before taxation	84,082,925	39,636,341
Tax expenses	(2,546,540)	(1,279,901)
Net profit for the period after taxation	81,536,385	38,356,440
Attributable to:
Shareholders of the Company	81,928,282	37,082,285
Non-controlling interest	(391,897)	1,274,155
Net profit for the period after taxation	81,536,385	38,356,440
Basic and diluted earnings per share	0.07	0.03