Page 379 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:06 PM PRESSR: Salik reports 12.5% growth in profit before tax during the 9M-2024 — TradingView News

30-Sep- 30-Jun- % Δ 31-Dec-
AED million % Δ YtD
24 24 QoQ 23

Short term
deposit with - 600.0 - 750.0 -
bank (1)

Total
liabilities, 4,669.4 4,596.3 1.6% 4,561.2 2.4%
including:

Borrowings 3,990.4 0.0% 0.1%
3,991.2 3,988.8

Contract 356.7 3.6% 4.6%
liabilities (2) 369.4 353.1

Total equity 657.3 -40.7% -41.2%
389.8 662.5

Net debt 2,947.1 7.3%
3,163.3 2,980.5 6.1%

Net working
capital (218.8) (191.3) 14.4% (192.4) 13.7%
balance (3)

(1) Represent Fixed deposit with original maturity of 3 to 12 months. Previously the
term deposits had maturity less than 3 months and thus were classified as Cash
(2) Contract liabilities is the sum of current and non-current balances paid in advance
by customers relating to recharges and top-ups and tag activation fees.
(3) Net working capital is the balance of inventories plus trade and other receivables
plus dues from related parties plus contract assets minus trade and other payables,
minus due to a related party minus current portion of contract liabilities minus current
portion of lease liabilities and provision for taxation.

https://www.tradingview.com/news/reuters.com,2024-11-13:newsml_ZawbQzQJj:0-pressr-salik-reports-12-5-growth-in-profit-before-tax-during-the-9m… 8/13