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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	675.39	684.09	574.93	373.13	283.31	153.35
Short-Term Investments	-	-	-	-	81.17	160.04
Trading Asset Securities	75.25	76.97	59.82	105.53	23.94	-
Cash & Short-Term Investments	750.64	761.06	634.75	478.66	388.42	313.39
Cash Growth	17.92%	19.90%	32.61%	23.23%	23.94%	23.62%
Accounts Receivable	9.26	9.03	5.81	2.78	2.04	1.15
Other Receivables	9.66	16.26	3.26	1.31	1.9	3.47
Receivables	18.92	25.29	9.07	4.09	3.94	4.62
Inventory	0.93	0.9	0.8	2.52	3.35	2.3
Prepaid Expenses	6.03	4.71	7.06	4.73	1.97	2.71
Other Current Assets	1.14	2.47	1.15	4.41	1.81	25.87
Total Current Assets	777.65	794.42	652.82	494.4	399.49	348.88
Property, Plant & Equipment	256.68	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	6.09	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	1,205	1,257	1,091	911.65	812.51	796.49
Accounts Payable	13.85	2.39	7.32	3.73	3.18	6.8
Accrued Expenses	18.45	28.15	31	31.35	21.42	17.99
Current Portion of Leases	3.66	3.66	3.15	3.15	3.15	0.66
Other Current Liabilities	30.76	23.49	31.98	22.21	15.18	20.42
Total Current Liabilities	78.22	57.69	73.45	60.44	42.93	45.87
Long-Term Leases	38.88	41	38.58	39.33	39.98	43.12
Total Liabilities	126.92	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	538.88	1,037	859.45	691.34	613.13	576.15
Comprensive Income & Other	-	22.95	22.52	24.41	21.71	22.25
Total Common Equity	1,078	1,150	971.76	805.54	724.62	688.19
Minority Interest	-	-	-	-	-	14.59
Shareholders' Equity	1,078	1,150	971.76	805.54	724.62	702.78
Total Liabilities & Equity	1,205	1,257	1,091	911.65	812.51	796.49
Total Debt	42.54	44.66	41.73	42.48	43.13	43.78
Net Cash (Debt)	708.1	716.4	593.02	436.18	345.29	269.6
Net Cash Growth	18.65%	20.81%	35.96%	26.32%	28.07%	6.35%
Net Cash Per Share	0.66	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	699.43	736.73	579.37	433.96	356.56	303.01
Book Value Per Share	1.00	1.07	0.90	0.75	0.67	0.64
Tangible Book Value	1,072	1,145	968.5	802.26	721.16	686.5
Tangible Book Value Per Share	0.99	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.