Calculate Earning before interest Tax
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Calculate Earning before interest Tax
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statement
for the year ended 31
December 2019
2019
2018
Notes
AED 000
AED '000
Revenue
24
7,147,881
6,286,533
Direct costs
25
(4,378,237)
(3,654,846)
Gross profit
2,769,644
2,631,687
Selling and marketing expenses
General and administrative
26
(109,522)
(85,440)
expenses
Staff costs
(218,948)
(230,142)
27
(237,423)
Depreciation and amortisation
Provisions, impairments and
write-downs, net
Others
6,7
(268,550)
28
(152,675)
(50,048)
(126,407)
(139,235)
Share of (loss)/profit from
associates and joint ventures
Gain on disposal of joint venture
Gain on disposal of property, plant
and equipment
9
(3,096)
49,863
9
30,319
22,964
Fair value loss on investment
properties, net
Gain on disposal of investment
properties
Gain on exchange of properties,
8
(374,751)
(671,046)
8
23,856
net of write-downs
32
388,384
Finance income
29
84,087
79,735
Finance costs
30
(349,719)
(309,749)
Other income
31
258,387
767,868
Profit for the year
1,925,179
1,854,864
Profit for the year attributable
to:
Owners of the Company
1,984,097
1,855,808
Non-controlling interests
(58,918)
(944)
1,925,179
1,854,864
Basic and diluted earnings per
share
33
0.252
0.236
II](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa37fab07-be99-44b0-b1b1-5ba52bbcd7ef%2Fdafffe2c-0a0a-49c5-a27d-c6ec54d6a121%2F01awru9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:17:59 A &e
LTE2 .ll
Vo)
READ ONLY - This is an older file format. To ..
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statement
for the year ended 31
December 2019
2019
2018
Notes
AED 000
AED '000
Revenue
24
7,147,881
6,286,533
Direct costs
25
(4,378,237)
(3,654,846)
Gross profit
2,769,644
2,631,687
Selling and marketing expenses
General and administrative
26
(109,522)
(85,440)
expenses
Staff costs
(218,948)
(230,142)
27
(237,423)
Depreciation and amortisation
Provisions, impairments and
write-downs, net
Others
6,7
(268,550)
28
(152,675)
(50,048)
(126,407)
(139,235)
Share of (loss)/profit from
associates and joint ventures
Gain on disposal of joint venture
Gain on disposal of property, plant
and equipment
9
(3,096)
49,863
9
30,319
22,964
Fair value loss on investment
properties, net
Gain on disposal of investment
properties
Gain on exchange of properties,
8
(374,751)
(671,046)
8
23,856
net of write-downs
32
388,384
Finance income
29
84,087
79,735
Finance costs
30
(349,719)
(309,749)
Other income
31
258,387
767,868
Profit for the year
1,925,179
1,854,864
Profit for the year attributable
to:
Owners of the Company
1,984,097
1,855,808
Non-controlling interests
(58,918)
(944)
1,925,179
1,854,864
Basic and diluted earnings per
share
33
0.252
0.236
II
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