Emirates Reem Investments Company P.J.S.C (DFM: ERC)

ERC 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	233.6	234.17	270.49	15.66	15.73	15.64
Trading Asset Securities	23.48	33.34	47.65	18.4	-	-
Cash & Short-Term Investments	257.08	267.51	318.14	34.06	15.73	15.64
Cash Growth	-13.81%	-15.91%	834.13%	116.58%	0.54%	-0.55%
Accounts Receivable	29.24	23.01	6.7	5.29	3.59	7.95
Other Receivables	21.27	15.3	5.15	0.45	0.47	0.67
Receivables	50.51	38.31	11.85	5.74	4.05	8.62
Inventory	7.7	9.9	6.45	4.79	4.19	5.26
Prepaid Expenses	1.49	0.95	0.72	0.85	0.8	1.32
Other Current Assets	0.36	0.43	0.02	0.01	0.07	6.3
Total Current Assets	317.13	317.1	337.18	45.46	24.84	37.15
Property, Plant & Equipment	30.31	32.16	14.55	9.16	6.96	10.4
Long-Term Investments	1.11	1.21	1.11	1.01	0.72	1.54
Goodwill	5.3	5.3	-	-	-	-
Other Intangible Assets	3.72	4.17	-	-	-	0.79
Other Long-Term Assets	3.28	3.28	3.38	11.81	12.09	2.9
Total Assets	360.85	363.22	356.22	67.44	44.61	52.78
Accounts Payable	18.65	20.95	8.77	8.49	3.45	7.23
Accrued Expenses	5.61	2.24	1.54	1.64	1.87	2.58
Short-Term Debt	-	-	-	24.42	7.11	7.12
Current Portion of Leases	0.8	1.25	1.43	2.09	1.86	2.38
Other Current Liabilities	0.32	0.13	0.07	0.09	3.88	0.16
Total Current Liabilities	25.38	24.57	11.8	36.74	18.17	19.47
Long-Term Leases	3.32	3.51	6.19	7.86	5.45	5.12
Long-Term Deferred Tax Liabilities	0.1	0.38	-	-	-	-
Total Liabilities	30.85	30.35	19.71	46.31	25.64	26.67
Common Stock	319.87	319.87	319.87	30	30	30
Retained Earnings	9.41	12.18	15.91	-9.49	-11.36	-4.8
Comprensive Income & Other	0.72	0.82	0.72	0.62	0.33	0.91
Shareholders' Equity	330	332.87	336.5	21.13	18.97	26.11
Total Liabilities & Equity	360.85	363.22	356.22	67.44	44.61	52.78
Total Debt	4.12	4.76	7.62	34.37	14.42	14.62
Net Cash (Debt)	252.96	262.75	310.51	-0.31	1.31	1.02
Net Cash Growth	-13.08%	-15.38%	-	-	28.63%	-90.37%
Net Cash Per Share	0.79	0.82	1.81	-0.01	0.04	0.03
Filing Date Shares Outstanding	319.87	319.87	319.87	30	30	30
Total Common Shares Outstanding	319.87	319.87	319.87	30	30	30
Working Capital	291.76	292.53	325.37	8.72	6.67	17.68
Book Value Per Share	1.03	1.04	1.05	0.70	0.63	0.87
Tangible Book Value	320.98	323.4	336.5	21.13	18.97	25.32
Tangible Book Value Per Share	1.00	1.01	1.05	0.70	0.63	0.84
Buildings	-	19.61	14.63	8.66	8.4	8.54
Machinery	-	54.54	60.07	63.98	64.25	39.8
Construction In Progress	-	0.06	0.09	0.48	0.18	0.35

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