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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	242.6	234.17	270.49	15.66	15.73	15.64
Trading Asset Securities	-	33.34	47.65	18.4	-	-
Cash & Short-Term Investments	267.68	267.51	318.14	34.06	15.73	15.64
Cash Growth	-1.19%	-15.91%	834.13%	116.58%	0.54%	-0.55%
Accounts Receivable	62.51	23.01	6.7	5.29	3.59	7.95
Other Receivables	-	15.3	5.15	0.45	0.47	0.67
Receivables	62.51	38.31	11.85	5.74	4.05	8.62
Inventory	8.86	9.9	6.45	4.79	4.19	5.26
Prepaid Expenses	-	0.95	0.72	0.85	0.8	1.32
Other Current Assets	-	0.43	0.02	0.01	0.07	6.3
Total Current Assets	339.05	317.1	337.18	45.46	24.84	37.15
Property, Plant & Equipment	29.5	32.16	14.55	9.16	6.96	10.4
Long-Term Investments	1.09	1.21	1.11	1.01	0.72	1.54
Goodwill	5.3	5.3	-	-	-	-
Other Intangible Assets	3.49	4.17	-	-	-	0.79
Other Long-Term Assets	3.28	3.28	3.38	11.81	12.09	2.9
Total Assets	381.71	363.22	356.22	67.44	44.61	52.78
Accounts Payable	35.12	20.95	8.77	8.49	3.45	7.23
Accrued Expenses	-	2.24	1.54	1.64	1.87	2.58
Short-Term Debt	-	-	-	24.42	7.11	7.12
Current Portion of Leases	1.17	1.25	1.43	2.09	1.86	2.38
Other Current Liabilities	-	0.13	0.07	0.09	3.88	0.16
Total Current Liabilities	36.99	24.57	11.8	36.74	18.17	19.47
Long-Term Leases	2.72	3.51	6.19	7.86	5.45	5.12
Long-Term Deferred Tax Liabilities	0.31	0.38	-	-	-	-
Total Liabilities	42.11	30.35	19.71	46.31	25.64	26.67
Common Stock	319.87	319.87	319.87	30	30	30
Retained Earnings	19.03	12.18	15.91	-9.49	-11.36	-4.8
Comprehensive Income & Other	0.7	0.82	0.72	0.62	0.33	0.91
Shareholders' Equity	339.6	332.87	336.5	21.13	18.97	26.11
Total Liabilities & Equity	381.71	363.22	356.22	67.44	44.61	52.78
Total Debt	3.89	4.76	7.62	34.37	14.42	14.62
Net Cash (Debt)	263.79	262.75	310.51	-0.31	1.31	1.02
Net Cash Growth	0.55%	-15.38%	-	-	28.63%	-90.37%
Net Cash Per Share	0.81	0.82	1.81	-0.01	0.04	0.03
Filing Date Shares Outstanding	320.74	319.87	319.87	30	30	30
Total Common Shares Outstanding	320.74	319.87	319.87	30	30	30
Working Capital	302.06	292.53	325.37	8.72	6.67	17.68
Book Value Per Share	1.06	1.04	1.05	0.70	0.63	0.87
Tangible Book Value	330.81	323.4	336.5	21.13	18.97	25.32
Tangible Book Value Per Share	1.03	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.