Page 86 - Inegrated Annual Report 2020-Eng

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 31 DECEMBER 2020

24. OTHER INCOME

2020 2019
AED’000 AED’000
Gain on disposal of property, plant and equipment 212 5,659
Dividend income 1,412 2,674
Miscellaneous income 2,524 6,987

8,906 15,320

25. EARNINGS PER SHARE

Basic earnings per share amounts are calculated by dividing the profit for the period attributable to ordinary
equity holders of the parent by the weighted average number of ordinary shares outstanding during the year.
The weighted average number of ordinary shares outstanding at the end of the reporting year was 250,000,000
shares (2019: 250,000,000 shares). There are no potentially dilutive instruments therefore the basic and diluted
earnings per share are the same.

26. RELATED PARTY TRANSACTIONS AND BALANCES

Related parties include the Government of Abu Dhabi, joint ventures, Directors and key management personnel,
management entities engaged by the Group and those enterprises over which the Government of Abu Dhabi,
Directors, the Group or its affiliates can exercise significant influence, or which can exercise significant influence
over the Group. In the ordinary course of business, the Group provides services to, and receives services from,
such enterprises on terms agreed by management. The Group derives a significant portion of its UAE revenue
from the Government of Abu Dhabi, its departments and related entities.
Balances with related parties included in the consolidated statement of financial position are as follows:

2020 2019
AED’000 AED’000
Balances with Government of Abu Dhabi and related
entities:
Trade and other receivables 2,886,540 2,759,743
Balance with shareholders (excluding Government of
Abu Dhabi and related entities):

Trade and other receivables - 1,626
Trade and other payables 1,000 1,000

Due from joint venture for project related work:
Trade and other receivables 637,662 459,849

Transactions with related parties included in the consolidated statement of profit or loss are as follows:

2019 2019
AED’000 AED’000
Government of Abu Dhabi and related entities
Revenue earned during the year 2,838,495 2,388,726
Joint venture
Revenue earned during the year 471,588 291,680

86 2020 Integrated Annual Report