Page 91 - Inegrated Annual Report 2020-Eng

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 31 DECEMBER 2020

31 December 2020 31 December 2020 31 December 2020
UAE International Group
AED’000 AED’000 AED’000
Segment revenue 3,453,607 636,833 4,090,440
Intersegment revenue - - (314,208)
Revenue 3,776,232

Segment gross profit 243,803 263,523 507,326
Share of profit of a joint venture - - 2,987
General and administrative expenses - - (131,634)
Foreign currency exchange gain - - (21,676)
Fair value gain on financial assets at fair value - - 685
through profit or loss
Finance income - net - - (1,623)
Other income - net - - 8,906
Profit before tax for the period - - 364,971
Income tax expense on foreign operations - - (13,215)
Profit after tax 351,756
Total assets 5,740,599 1,490,764 7,231,363

Total liabilities 1,936,118 1,466,175 3,402,293

31 December 2019 31 December 2019 31 December 2019
UAE International Group
AED’000 AED’000 AED’000
Segment revenue 2,968,733 426,743 3,395,476
Intersegment revenue - - (584,743)
Revenue 2,810,733

Segment gross profit 219,044 54,828 273,872
Share of profit of a joint venture - - 1,245
General and administrative expenses - - (137,257)
Foreign currency exchange gain - - 36,845
Fair value gain on financial assets at fair value - - 1,097
through profit or loss
Finance income - net - - 51
Other income - net - - 15,320
Profit before tax for the period - - 191,173
Income tax expense on foreign operations - - (10,329)

Profit after tax 180,844
Total assets 4,577,726 1,189,873 5,766,705
Total liabilities 1,209,495 1,014,309 2,223,804

31. APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS

The consolidated financial statements were approved by the Board of Directors and authorised for issue on on
28 February 2021.

2020 Integrated Annual Report 91