Emirates Driving Company P.J.S.C. (ADX: DRIVE)

DRIVE Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	644.32	684.09	574.93	373.13	283.31	153.35
Short-Term Investments	-	-	-	-	81.17	160.04
Trading Asset Securities	81.31	76.97	59.82	105.53	23.94	-
Cash & Short-Term Investments	725.63	761.06	634.75	478.66	388.42	313.39
Cash Growth	3.62%	19.90%	32.61%	23.23%	23.94%	23.62%
Accounts Receivable	11.69	9.03	5.81	2.78	2.04	1.15
Other Receivables	11.78	16.26	3.26	1.31	1.9	3.47
Receivables	23.48	25.29	9.07	4.09	3.94	4.62
Inventory	0.98	0.9	0.8	2.52	3.35	2.3
Prepaid Expenses	12.28	4.71	7.06	4.73	1.97	2.71
Other Current Assets	6.48	2.47	1.15	4.41	1.81	25.87
Total Current Assets	768.84	794.42	652.82	494.4	399.49	348.88
Property, Plant & Equipment	364.74	257.35	250.55	239.16	239.9	256.37
Long-Term Investments	-	36.66	36.23	38.12	35.42	35.96
Other Intangible Assets	227.18	4.66	3.26	3.28	3.46	1.69
Other Long-Term Assets	164.1	164.1	148.5	136.7	134.25	153.6
Total Assets	1,592	1,257	1,091	911.65	812.51	796.49
Accounts Payable	15.86	2.39	7.32	3.73	3.18	6.8
Accrued Expenses	49.6	28.15	31	31.35	21.42	17.99
Current Portion of Leases	5.97	3.66	3.15	3.15	3.15	0.66
Other Current Liabilities	55.89	23.49	31.98	22.21	15.18	20.42
Total Current Liabilities	148.11	57.69	73.45	60.44	42.93	45.87
Long-Term Leases	81.65	41	38.58	39.33	39.98	43.12
Total Liabilities	303.8	107.63	119.6	106.11	87.89	93.71
Common Stock	538.72	89.79	89.79	89.79	89.79	89.79
Retained Earnings	624.14	1,037	859.45	691.34	613.13	576.15
Comprehensive Income & Other	-	22.95	22.52	24.41	21.71	22.25
Total Common Equity	1,163	1,150	971.76	805.54	724.62	688.19
Minority Interest	124.91	-	-	-	-	14.59
Shareholders' Equity	1,288	1,150	971.76	805.54	724.62	702.78
Total Liabilities & Equity	1,592	1,257	1,091	911.65	812.51	796.49
Total Debt	87.62	44.66	41.73	42.48	43.13	43.78
Net Cash (Debt)	638.01	716.4	593.02	436.18	345.29	269.6
Net Cash Growth	-2.76%	20.81%	35.96%	26.32%	28.07%	6.35%
Net Cash Per Share	0.59	0.66	0.55	0.40	0.32	0.25
Filing Date Shares Outstanding	1,077	1,077	1,077	1,077	1,077	1,077
Total Common Shares Outstanding	1,077	1,077	1,077	1,077	1,077	1,077
Working Capital	620.73	736.73	579.37	433.96	356.56	303.01
Book Value Per Share	1.08	1.07	0.90	0.75	0.67	0.64
Tangible Book Value	868.98	1,145	968.5	802.26	721.16	686.5
Tangible Book Value Per Share	0.81	1.06	0.90	0.74	0.67	0.64
Buildings	-	288.1	254.88	254.33	253.81	253.54
Machinery	-	103.83	89.47	91.19	85.65	87.88
Construction In Progress	-	2.33	30.54	6.54	0.2	2.14

Source: S&P Capital IQ. Standard template. Financial Sources.