Dubai Electricity and Water Authority (PJSC) (DFM: DEWA)

DEWA 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	4,780	5,300	5,287	4,406	6,883	11,778
Short-Term Investments	6,576	7,583	10,666	6,948	387.06	483.22
Trading Asset Securities	553.49	594.85	492.11	-	-	-
Accounts Receivable	4,427	3,420	4,215	3,850	5,245	4,587
Other Receivables	-	-	-	-	2,380	1,322
Inventory	1,505	1,401	1,445	1,451	1,415	1,287
Other Current Assets	852.89	625.24	131.85	445.67	1,137	1,399
Total Current Assets	18,694	18,924	22,238	17,101	17,448	20,856
Property, Plant & Equipment	157,001	155,917	154,029	149,472	140,999	127,811
Other Intangible Assets	432.86	462.37	471.12	529.58	161.86	132.59
Long-Term Investments	5,002	4,476	2,806	1,293	10.38	93.85
Long-Term Deferred Tax Assets	174.94	91.9	-	-	-	-
Long-Term Accounts Receivable	-	-	-	-	698.46	843.14
Other Long-Term Assets	1,252	1,291	1,208	1,013	606.89	585.52
Total Assets	182,556	181,164	180,753	169,408	159,925	150,323
Accounts Payable	1,921	1,777	1,215	1,599	2,309	2,036
Accrued Expenses	254.73	244.84	290.52	281.64	272.44	149.56
Short-Term Debt	1,384	641.85	565.12	442.34	477.63	498.81
Current Portion of Long-Term Debt	12,011	10,904	2,807	3,144	1,800	5,790
Current Unearned Revenue	2,729	1,814	1,737	1,823	1,755	1,896
Current Portion of Leases	15.64	15.97	12.88	3.01	6.44	7.15
Other Current Liabilities	10,795	11,091	10,491	9,827	10,313	9,596
Total Current Liabilities	29,436	26,489	17,118	17,120	16,933	19,974
Long-Term Debt	25,603	27,345	37,323	25,586	20,360	12,379
Long-Term Leases	24.23	16.28	23.53	11.94	14.89	19.86
Long-Term Unearned Revenue	32,087	32,464	31,814	30,623	29,946	27,683
Pension & Post-Retirement Benefits	1,046	1,020	1,010	1,009	1,036	967.12
Other Long-Term Liabilities	1,156	1,127	1,083	1,467	1,613	1,425
Total Liabilities	89,434	88,462	88,372	75,817	69,903	62,448
Common Stock	500	500	500	500	39,830	38,411
Additional Paid-In Capital	40,043	40,043	40,043	40,037	-	-
Retained Earnings	47,255	47,845	47,930	53,699	52,592	49,805
Comprensive Income & Other	1,033	824.72	954.25	-1,236	-1,983	-857.54
Total Common Equity	88,831	89,212	89,427	93,000	90,439	87,358
Minority Interest	4,291	3,489	2,953	591.91	-416.99	516.13
Shareholders' Equity	93,122	92,701	92,380	93,592	90,022	87,874
Total Liabilities & Equity	182,556	181,164	180,753	169,408	159,925	150,323
Total Debt	39,038	38,924	40,731	29,187	22,658	18,694
Net Cash (Debt)	-27,129	-25,446	-24,285	-17,832	-15,388	-6,433
Net Cash Per Share	-0.54	-0.51	-0.49	-0.36	-0.31	-
Filing Date Shares Outstanding	50,000	50,000	50,000	50,000	50,000	-
Total Common Shares Outstanding	50,000	50,000	50,000	50,000	50,000	-
Working Capital	-10,742	-7,564	5,120	-19.44	514.81	882.45
Book Value Per Share	1.78	1.78	1.79	1.86	1.81	-
Tangible Book Value	88,398	88,750	88,956	92,470	90,277	87,226
Tangible Book Value Per Share	1.77	1.77	1.78	1.85	1.81	-
Land	44,085	43,983	43,600	42,991	40,968	38,960
Machinery	164,293	160,782	137,123	130,774	116,006	107,972
Construction In Progress	13,490	13,301	29,770	27,544	28,028	23,705

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