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As at 31 December 2018 AED'000 2019 Note AED'000 ASSETS Non-current assets Property, plant and equipment Right of use assets Goodwill Other intangible assets Investment in joint ventures and associates Financial assets at fair value though other comprehensive income 14 Deferred tax assets Other non-current assets 6 1,005,085 854,112 1,128,337 214,241 26,631 32,656 7,359 5,536 3.273.957 949,715 7 1,124,695 211,193 22,856 53,787 6,323 5,877 2,374.446 12,13 15 Current assets Accounts receivable, net Other current assets 1,196,466 272,323 260,740 739,318 2,468,847 5.742.804 1,140,664 352,512 9,554 827,105 2,329.835 4,704,281 16 17 Margins and bank deposits Cash and cash equivalents 18 18 TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Statutory reserve Foreign currency translation reserve Reserve arising from acquisition of non-controlling interests Reserve arising from other comprehensive income items Retained carnings 19 20 20 20 20 1,464,100 367,095 (398,720) (335,186) 272 1,464,100 314,515 (371,217) (324,745) 10,252 1,316,764 21 1,519,928 Equity attributable to equity holders of the Parent Non-controlling interests Total equity 2,617,489 15,053 2,632,542 2,409,669 22,137 2.431,806 LIABILITIES Non-current liabilities Interest-bearing loans and borrowings Lease liabilities Employees' end of service benefits Deferred tax liabilities 22 157,636 673,020 146,983 200,822 17,996 140,167 51,298 410,283 7 23 15 49.515 1.027,154 Current liabilities Accounts payable Lease liabilities Bank overdrafts 24 7 25 22 266,814 189,849 151,204 582,510 290,638 16,070 120,463 302,197 45,678 66,325 1,020,821 1,862,192 2,272,475 4,704,281 Interest-bearing loans and borrowings Employees' benefit liability Income tax provision Other current liabilities 27 15 26 86,995 805,736 2.083.108 3,110,262 Total liabilities TOTAL EQUITY AND LIABILITIES 5.742,804

As at 31 December 2018 AED'000 2019 Note AED'000 ASSETS Non-current assets Property, plant and equipment Right of use assets Goodwill Other intangible assets Investment in joint ventures and associates Financial assets at fair value though other comprehensive income 14 Deferred tax assets Other non-current assets 6 1,005,085 854,112 1,128,337 214,241 26,631 32,656 7,359 5,536 3.273.957 949,715 7 1,124,695 211,193 22,856 53,787 6,323 5,877 2,374.446 12,13 15 Current assets Accounts receivable, net Other current assets 1,196,466 272,323 260,740 739,318 2,468,847 5.742.804 1,140,664 352,512 9,554 827,105 2,329.835 4,704,281 16 17 Margins and bank deposits Cash and cash equivalents 18 18 TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Statutory reserve Foreign currency translation reserve Reserve arising from acquisition of non-controlling interests Reserve arising from other comprehensive income items Retained carnings 19 20 20 20 20 1,464,100 367,095 (398,720) (335,186) 272 1,464,100 314,515 (371,217) (324,745) 10,252 1,316,764 21 1,519,928 Equity attributable to equity holders of the Parent Non-controlling interests Total equity 2,617,489 15,053 2,632,542 2,409,669 22,137 2.431,806 LIABILITIES Non-current liabilities Interest-bearing loans and borrowings Lease liabilities Employees' end of service benefits Deferred tax liabilities 22 157,636 673,020 146,983 200,822 17,996 140,167 51,298 410,283 7 23 15 49.515 1.027,154 Current liabilities Accounts payable Lease liabilities Bank overdrafts 24 7 25 22 266,814 189,849 151,204 582,510 290,638 16,070 120,463 302,197 45,678 66,325 1,020,821 1,862,192 2,272,475 4,704,281 Interest-bearing loans and borrowings Employees' benefit liability Income tax provision Other current liabilities 27 15 26 86,995 805,736 2.083.108 3,110,262 Total liabilities TOTAL EQUITY AND LIABILITIES 5.742,804

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 9MC
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You are required to calculate:
1. Liquidity ratios 
2. Solvency rations 
3. Profitability ratios 
For the selected companies and shortly write your comments and findings.

For the year ended 31 December 2019 2018 Note AED'000 AED'000 Continuing operations 5,245,540 (2,467,557) 2,777,983 (204,055) (28,999) (884,663) (1,014,904) 4,488 649,850 Rendering of services Cost of services * 28 5,086,055 (2,319,430) 2,766,625 (207,823) (26,957) (920,828) (932,307) 5.986 684,696 29 Gross profit Selling and marketing expenses Net impairment loss on financial assets Administrative expenses Other operating expenses Other income, net Operating profit 16 30 31 32 9,046 (27,649) 3,956 (45,665) 624,384 Finance income 12,133 (83,800) 4,470 Finance expense Share of results of joint ventures and associates Loss on disposal of a joint venture Profit before tax from continuing operations Income tax expense Profit for the year from continuing operations Discontinued operations Profit after tax for the year from discontinued operations Profit for the year 12,13 12 582,653 (81,573) 501,080 15 (100,393) 523,991 11 811 501,080 524,802 Attributable to: Equity holders of the Parent Profit for the year from continuing operations Profit for the year from discontinued operations 497,400 492,148 487 492,635 497,400 Non-controlling interests Profit for the year from continuing operations Profit for the year from discounted operations 3,680 31,843 324 3,680 501,080 32,167 524,802 Earnings per share attributable to the equity holders of the Parent: Basic and diluted earnings per share from continuing operations 35 AED 0.340 AED 0.336
Transcribed Image Text:For the year ended 31 December 2019 2018 Note AED'000 AED'000 Continuing operations 5,245,540 (2,467,557) 2,777,983 (204,055) (28,999) (884,663) (1,014,904) 4,488 649,850 Rendering of services Cost of services * 28 5,086,055 (2,319,430) 2,766,625 (207,823) (26,957) (920,828) (932,307) 5.986 684,696 29 Gross profit Selling and marketing expenses Net impairment loss on financial assets Administrative expenses Other operating expenses Other income, net Operating profit 16 30 31 32 9,046 (27,649) 3,956 (45,665) 624,384 Finance income 12,133 (83,800) 4,470 Finance expense Share of results of joint ventures and associates Loss on disposal of a joint venture Profit before tax from continuing operations Income tax expense Profit for the year from continuing operations Discontinued operations Profit after tax for the year from discontinued operations Profit for the year 12,13 12 582,653 (81,573) 501,080 15 (100,393) 523,991 11 811 501,080 524,802 Attributable to: Equity holders of the Parent Profit for the year from continuing operations Profit for the year from discontinued operations 497,400 492,148 487 492,635 497,400 Non-controlling interests Profit for the year from continuing operations Profit for the year from discounted operations 3,680 31,843 324 3,680 501,080 32,167 524,802 Earnings per share attributable to the equity holders of the Parent: Basic and diluted earnings per share from continuing operations 35 AED 0.340 AED 0.336
As at 31 December 2019 2018 Note AED'000 AED'000 ASSETS Non-current assets Property, plant and equipment Right of use assets Goodwill Other intangible assets Investment in joint ventures and associates Financial assets at fair value though other comprehensive income 14 Deferred tax assets Other non-current assets 1,005,085 854,112 1,128,337 949,715 8 1,124,695 211,193 22,856 53,787 6,323 5,877 2,374.446 214,241 12,13 26,631 32,656 7,359 5,536 3.273.957 15 Current assets Accounts receivable, net Other current assets Margins and bank deposits Cash and cash equivalents 1,196,466 272,323 260,740 16 1,140,664 17 352,512 9,554 827,105 2,329,835 4.704,281 18 739,318 2,468,847 5,742.804 18 TOTAL ASSETSS EQUITY AND LIABILITIES Equity Share capital Statutory reserve Foreign currency translation reserve Reserve arising from acquisition of non-controlling interests Reserve arising from other comprehensive income items Retained earnings 19 1,464,100 367,095 1,464,100 314,515 (371,217) (324,745) 10,252 1,316,764 20 20 20 (398,720) (335,186) 272 20 21 1,519,928 Equity attributable to equity holders of the Parent Non-controlling interests Total equity 2,617,489 15,053 2.632.542 2,409,669 22,137 2,431.806 LIABILITIES Non-current liabilities Interest-bearing loans and borrowings Lease liabilities 22 157,636 673,020 146,983 49.515 1,027,154 200,822 17,996 140,167 51,298 410,283 7 Employees' end of service benefits Deferred tax liabilities 23 15 Current liabilities Accounts payable Lease liabilities 24 290,638 16,070 120,463 302,197 45,678 66,325 1,020.821 1,862,192 2,272,475 4,704,281 266,814 189,849 151,204 582,510 7 25 22 27 15 26 Bank overdrafts Interest-bearing loans and borrowings Employees' benefit liability Income tax provision Other current liabilities 86,995 805,736 2,083,108 3.110,262 5.742,804 Total liabilities TOTAL EQUITY AND LIABILITIES 4799
Transcribed Image Text:As at 31 December 2019 2018 Note AED'000 AED'000 ASSETS Non-current assets Property, plant and equipment Right of use assets Goodwill Other intangible assets Investment in joint ventures and associates Financial assets at fair value though other comprehensive income 14 Deferred tax assets Other non-current assets 1,005,085 854,112 1,128,337 949,715 8 1,124,695 211,193 22,856 53,787 6,323 5,877 2,374.446 214,241 12,13 26,631 32,656 7,359 5,536 3.273.957 15 Current assets Accounts receivable, net Other current assets Margins and bank deposits Cash and cash equivalents 1,196,466 272,323 260,740 16 1,140,664 17 352,512 9,554 827,105 2,329,835 4.704,281 18 739,318 2,468,847 5,742.804 18 TOTAL ASSETSS EQUITY AND LIABILITIES Equity Share capital Statutory reserve Foreign currency translation reserve Reserve arising from acquisition of non-controlling interests Reserve arising from other comprehensive income items Retained earnings 19 1,464,100 367,095 1,464,100 314,515 (371,217) (324,745) 10,252 1,316,764 20 20 20 (398,720) (335,186) 272 20 21 1,519,928 Equity attributable to equity holders of the Parent Non-controlling interests Total equity 2,617,489 15,053 2.632.542 2,409,669 22,137 2,431.806 LIABILITIES Non-current liabilities Interest-bearing loans and borrowings Lease liabilities 22 157,636 673,020 146,983 49.515 1,027,154 200,822 17,996 140,167 51,298 410,283 7 Employees' end of service benefits Deferred tax liabilities 23 15 Current liabilities Accounts payable Lease liabilities 24 290,638 16,070 120,463 302,197 45,678 66,325 1,020.821 1,862,192 2,272,475 4,704,281 266,814 189,849 151,204 582,510 7 25 22 27 15 26 Bank overdrafts Interest-bearing loans and borrowings Employees' benefit liability Income tax provision Other current liabilities 86,995 805,736 2,083,108 3.110,262 5.742,804 Total liabilities TOTAL EQUITY AND LIABILITIES 4799
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