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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	7,423	5,300	5,287	4,406	6,883	11,778
Short-Term Investments	6,596	7,583	10,666	6,948	387.06	483.22
Trading Asset Securities	355.01	594.85	492.11	-	-	-
Accounts Receivable	4,756	3,420	4,215	3,850	5,245	4,587
Other Receivables	-	-	-	-	2,380	1,322
Inventory	1,474	1,401	1,445	1,451	1,415	1,287
Other Current Assets	605.19	625.24	131.85	445.67	1,137	1,399
Total Current Assets	21,209	18,924	22,238	17,101	17,448	20,856
Property, Plant & Equipment	158,554	155,917	154,029	149,472	140,999	127,811
Other Intangible Assets	419.64	462.37	471.12	529.58	161.86	132.59
Long-Term Investments	4,296	4,476	2,806	1,293	10.38	93.85
Long-Term Deferred Tax Assets	199.62	91.9	-	-	-	-
Long-Term Accounts Receivable	-	-	-	-	698.46	843.14
Other Long-Term Assets	1,351	1,291	1,208	1,013	606.89	585.52
Total Assets	186,030	181,164	180,753	169,408	159,925	150,323
Accounts Payable	2,035	1,777	1,215	1,599	2,309	2,036
Accrued Expenses	241.62	244.84	290.52	281.64	272.44	149.56
Short-Term Debt	1,409	641.85	565.12	442.34	477.63	498.81
Current Portion of Long-Term Debt	10,852	10,904	2,807	3,144	1,800	5,790
Current Unearned Revenue	2,870	1,814	1,737	1,823	1,755	1,896
Current Portion of Leases	14.34	15.97	12.88	3.01	6.44	7.15
Other Current Liabilities	14,843	11,091	10,491	9,827	10,313	9,596
Total Current Liabilities	32,932	26,489	17,118	17,120	16,933	19,974
Long-Term Debt	26,907	27,345	37,323	25,586	20,360	12,379
Long-Term Leases	22.35	16.28	23.53	11.94	14.89	19.86
Long-Term Unearned Revenue	32,290	32,464	31,814	30,623	29,946	27,683
Pension & Post-Retirement Benefits	1,075	1,020	1,010	1,009	1,036	967.12
Other Long-Term Liabilities	1,159	1,127	1,083	1,467	1,613	1,425
Total Liabilities	94,402	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	47,014	47,845	47,930	53,699	52,592	49,805
Comprehensive Income & Other	420	824.72	954.25	-1,236	-1,983	-857.54
Total Common Equity	87,977	89,212	89,427	93,000	90,439	87,358
Minority Interest	3,651	3,489	2,953	591.91	-416.99	516.13
Shareholders' Equity	91,628	92,701	92,380	93,592	90,022	87,874
Total Liabilities & Equity	186,030	181,164	180,753	169,408	159,925	150,323
Total Debt	39,205	38,924	40,731	29,187	22,658	18,694
Net Cash (Debt)	-24,831	-25,446	-24,285	-17,832	-15,388	-6,433
Net Cash Per Share	-0.50	-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	-11,722	-7,564	5,120	-19.44	514.81	882.45
Book Value Per Share	1.76	1.78	1.79	1.86	1.81	-
Tangible Book Value	87,557	88,750	88,956	92,470	90,277	87,226
Tangible Book Value Per Share	1.75	1.77	1.78	1.85	1.81	-
Land	44,098	43,983	43,600	42,991	40,968	38,960
Machinery	165,144	160,782	137,123	130,774	116,006	107,972
Construction In Progress	15,655	13,301	29,770	27,544	28,028	23,705

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