DFM: EMPOWER Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	1,644	538.78	1,474	1,246	1,087	331.25
Short-Term Investments	345.89	27.5	11.3	114.8	-	-
Trading Asset Securities	15.26	10	-	100	-	-
Accounts Receivable	407.6	210.05	219.81	154.48	164.59	121.78
Other Receivables	35.42	33.51	36.79	14.17	24.75	10.88
Inventory	47.58	43.73	46.15	27.02	35.08	41.85
Prepaid Expenses	-	13.55	13.43	14.1	15.04	11.39
Other Current Assets	96.12	89.92	77.49	99.29	116.7	129.45
Total Current Assets	2,592	967.03	1,879	1,769	1,443	646.6
Property, Plant & Equipment	7,084	6,939	6,997	7,046	6,732	6,223
Other Intangible Assets	330.87	339.98	352.14	364.3	-	-
Long-Term Investments	57.03	54.46	53.22	58.42	57.96	0.31
Long-Term Deferred Tax Assets	16.5	17.45	-	-	-	-
Other Long-Term Assets	1,395	1,410	373.86	305.16	-	-
Total Assets	11,475	9,728	9,655	9,544	8,233	6,870
Accounts Payable	1,483	934.84	1,157	1,639	434.09	362.91
Accrued Expenses	334.17	240.49	287.93	-	295.1	410.02
Current Portion of Long-Term Debt	2.1	-	-	1,000	167.18	68.28
Current Unearned Revenue	473.71	344.96	293.4	2.78	298.81	353.99
Current Portion of Leases	2.21	3.5	2.34	3.01	6.15	7.15
Other Current Liabilities	126.43	22.1	19.72	12.69	647.94	608.3
Total Current Liabilities	2,486	1,546	1,760	2,657	1,849	1,811
Long-Term Debt	5,496	4,492	4,490	987.67	1,155	352.4
Long-Term Leases	0.51	0.58	0.73	11.94	14.6	19.86
Long-Term Unearned Revenue	303.47	305.56	308.34	370.89	373.67	376.45
Pension & Post-Retirement Benefits	57.24	54.67	56.04	49.7	45.45	37.32
Other Long-Term Liabilities	14.44	18.04	5.26	35.32	-	-
Total Liabilities	8,357	6,417	6,620	4,113	3,438	2,597
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	82.19	82.19	82.19	82.19	82.19	64.69
Retained Earnings	1,846	2,048	1,945	4,344	3,708	3,207
Comprehensive Income & Other	17.24	14.51	5.84	2.74	2.28	-
Total Common Equity	2,945	3,144	3,033	5,429	4,793	4,272
Minority Interest	172.98	166.78	2.13	1.94	2.12	1.8
Shareholders' Equity	3,118	3,311	3,035	5,431	4,795	4,274
Total Liabilities & Equity	11,475	9,728	9,655	9,544	8,233	6,870
Total Debt	5,501	4,497	4,493	2,003	1,343	447.69
Net Cash (Debt)	-3,495	-3,920	-3,007	-542.45	-256.09	-116.44
Net Cash Per Share	-0.35	-0.39	-0.30	-0.05	-0.26	-
Filing Date Shares Outstanding	10,000	10,000	10,000	1,000	1,000	-
Total Common Shares Outstanding	10,000	10,000	10,000	1,000	1,000	-
Working Capital	106.14	-578.85	118.59	-887.88	-406.42	-1,164
Book Value Per Share	0.29	0.31	0.30	5.43	4.79	-
Tangible Book Value	2,614	2,804	2,680	5,065	4,793	4,272
Tangible Book Value Per Share	0.26	0.28	0.27	5.06	4.79	-
Land	432.36	432.36	432.36	494.28	494.28	476.78
Buildings	70.71	70.71	70.71	70.71	70.71	70.71
Machinery	9,299	9,240	8,850	8,098	7,695	6,720
Construction In Progress	572.06	249.83	393.37	842.07	596.02	806.53

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