Emirates Central Cooling Systems Corporation (DFM:EMPOWER)

DFM:EMPOWER Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,937	538.78	1,474	1,246	1,087
Short-Term Investments	30.26	27.5	11.3	114.8	-
Trading Asset Securities	25.47	10	-	100	-
Accounts Receivable	184.71	210.05	219.81	154.48	164.59
Other Receivables	35.89	33.51	36.79	14.17	24.75
Inventory	53.79	43.73	46.15	27.02	35.08
Prepaid Expenses	17.6	13.55	13.43	14.1	15.04
Other Current Assets	75.11	89.92	77.49	99.29	116.7
Total Current Assets	2,359	967.03	1,879	1,769	1,443
Property, Plant & Equipment	7,001	6,939	6,997	7,046	6,732
Other Intangible Assets	327.83	339.98	352.14	364.3	-
Long-Term Investments	56.02	54.46	53.22	58.42	57.96
Long-Term Deferred Tax Assets	16.23	17.45	-	-	-
Other Long-Term Assets	1,423	1,410	373.86	305.16	-
Total Assets	11,183	9,728	9,655	9,544	8,233
Accounts Payable	1,004	934.84	1,157	1,639	434.09
Accrued Expenses	277.73	240.49	287.93	-	295.1
Short-Term Debt	2.2	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	1,000	167.18
Current Unearned Revenue	523.26	344.96	293.4	2.78	298.81
Current Portion of Leases	5.39	3.5	2.34	3.01	6.15
Current Income Taxes Payable	88.95	-	-	-	-
Other Current Liabilities	35.05	22.1	19.72	12.69	647.94
Total Current Liabilities	1,937	1,546	1,760	2,657	1,849
Long-Term Debt	5,496	4,492	4,490	987.67	1,155
Long-Term Leases	0.16	0.58	0.73	11.94	14.6
Long-Term Unearned Revenue	302.78	305.56	308.34	370.89	373.67
Pension & Post-Retirement Benefits	57.65	54.67	56.04	49.7	45.45
Other Long-Term Liabilities	16.19	18.04	5.26	35.32	-
Total Liabilities	7,810	6,417	6,620	4,113	3,438
Common Stock	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	82.19	82.19	82.19	82.19	82.19
Retained Earnings	2,097	2,048	1,945	4,344	3,708
Comprehensive Income & Other	18.77	14.51	5.84	2.74	2.28
Total Common Equity	3,198	3,144	3,033	5,429	4,793
Minority Interest	175.75	166.78	2.13	1.94	2.12
Shareholders' Equity	3,373	3,311	3,035	5,431	4,795
Total Liabilities & Equity	11,183	9,728	9,655	9,544	8,233
Total Debt	5,504	4,497	4,493	2,003	1,343
Net Cash (Debt)	-3,512	-3,920	-3,007	-542.45	-256.09
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	422.73	-578.85	118.59	-887.88	-406.42
Book Value Per Share	0.32	0.31	0.30	5.43	4.79
Tangible Book Value	2,870	2,804	2,680	5,065	4,793
Tangible Book Value Per Share	0.29	0.28	0.27	5.06	4.79
Land	432.36	432.36	432.36	494.28	494.28
Buildings	70.71	70.71	70.71	70.71	70.71
Machinery	9,542	9,240	8,850	8,098	7,695
Construction In Progress	339.04	249.83	393.37	842.07	596.02

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