Financial Services Tasks 2022

Financial services

Task 1 - LO2
a)
Emaar Properties PJSC and its Subsidiaries
CONSOLIDATED FINANCIAL STATEMENTS
Particulars
Amount in AED'000
2019 2018 2017 2016 2015
ASSETS
Cash and Bank Balances 6,795,737 9,494,194 21,102,536 17,288,535 17,918,972
Trade Receivables 10,465,030 7,448,529 3,002,620 2,691,566 2,616,981
Other Assets and Receivables 15,459,265 14,528,558 10,926,510 7,884,097 4,814,487
Development Properties 40,319,940 38,384,181 35,252,213 32,456,393 21,356,561
Assets held for Sale 669,290 3,144,037 6,570,089 6,213,464 -
Investments in Securities 2,861,795 2,235,774 1,985,749 1,620,108 1,652,237
Loans to Associates and Joint Ventures 980,719 9,869,696 727,497 153,709 3,022,175
Investments in Associates and Joint
Ventures
4,922,904 4,701,430 4,723,962 4,863,434 6,696,930
Property, Plant and Equipment 10,900,437 10,647,628 11,237,398 9,331,301 9,333,284
Investment Properties 21,905,268 19,768,447 16,596,397 13,785,511 12,099,101
Intangible Assets 766,671 616,323 626,959 46,006 46,066
Right-of-use assets 823,348 - - - -
TOTAL ASSETS 116,870,404 120,838,797 112,751,930 96,334,124 79,556,794

LIABILITIES & EQUITY
LIABILITIES
Trade and Other Payables 16,919,196 17,970,375 14,480,168 11,303,542 9,350,397
Advance from Customers 10,147,032 13,587,524 14,535,281 15,754,394 14,071,943
Liabilities related to Assets held for Sale 159,669 722,894 3,380,694 3,217,547 -
Retentions Payable 1,576,716 1,276,971 1,033,329 892,404 803,292
Deferred tax liabilities 1,339,538
Loans and Borrowings 15,785,537 13,586,401 14,249,576 10,036,165 6,874,794
Sukuk 7,316,364 7,323,582 7,318,852 7,314,037 6,399,132
Provision for Employees' Retirement
Benefits
176,929 162,810 162,707 148,530 136,104
TOTAL LIABILITIES 53,420,981 54,630,557 55,160,607 48,666,619 37,635,662
EQUITY
Equity attributable to Owners of the
Parent
Share Capital 7,159,739 7,159,739 7,159,739 7,159,739 7,159,739
Employees' Performance Share Program (1,684) (1,684) (1,684) (1,684) (1,684)
Reserves 17,562,729 16,583,498 16,698,449 16,197,029 16,938,069
Retained Earnings 29,441,645 24,792,451 25,212,399 17,649,244 14,018,215
54,162,429 48,534,004 49,068,903 41,004,328 38,114,339
Non-Controlling Interests 9,286,994 8,791,506 8,522,420 6,663,237 3,806,793

TOTAL EQUITY 63,449,423 57,325,510 57,591,323 47,667,565 41,921,132
TOTAL LIABILITIES & EQUITY 116,870,404 111,956,067 112,751,930 96,334,184 79,556,794
Table no. 1 Balance sheet
Emaar Properties PJSC and its Subsidiaries
CONSOLIDATED INCOME STATEMENT
Particulars
Amount in AED'000
2019 2018 2017 2016 2015
Revenue 24,585,931 25,694,324 18,812,044 15,539,704 13,660,536
Cost of Revenue (13,023,507) (12,811,621) (9,266,460) (7,439,780) (6,397,612)
GROSS PROFIT 11,562,424 12,882,703 9,545,584 8,099,924 7,262,924
Other Operating Income 525,756 433,281 354,363 324,720 320,595
Other Operating Expenses (163,832) (196,101) (168,173) (157,040) (160,560)
Finance Income 652,329 835,872 639,001 640,534 432,319
Finance Costs (1,162,678) (1,057,015) (733,851) (598,668) (477,563)
Other Income 1,067,507 489,336 476,926 437,292 148,672
Selling, General and Administrative
Expenses
(3,303,342) (4,386,199) (3,396,685) (2,965,881) (2,878,562)