National Central Cooling Company PJSC (DFM: TABREED)

TABREED 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	747.83	1,510	1,773	1,197	1,313	226.9
Short-Term Investments	-	102.37	108.91	97.68	96.15	35
Accounts Receivable	1,057	749.29	834.34	882.05	1,094	824.37
Other Receivables	-	-	-	-	-	16.79
Inventory	74.56	69.69	60.03	50.84	42.42	34.67
Prepaid Expenses	-	17.03	15.18	14.33	12.45	12.04
Other Current Assets	51.26	155.51	274.33	20.54	341.06	13.21
Total Current Assets	1,930	2,604	3,066	2,263	2,899	1,163
Property, Plant & Equipment	5,011	5,001	5,198	5,225	4,902	4,144
Goodwill	-	319.21	319.21	347.73	107.45	28.53
Other Intangible Assets	3,996	3,730	3,833	3,937	2,253	-
Long-Term Investments	622.68	636.7	457.29	372.79	358.26	731.98
Long-Term Accounts Receivable	2,474	2,523	2,578	2,689	2,793	2,837
Total Assets	14,034	14,814	15,451	14,833	13,313	8,904
Accounts Payable	833.46	80.72	61.12	54.17	47.68	96.32
Accrued Expenses	-	321.38	257.17	322.97	218.41	213.64
Current Portion of Long-Term Debt	2,549	61.04	45.7	59.67	51.82	154.69
Current Unearned Revenue	-	81.17	103.67	100.78	104.04	93.98
Current Portion of Leases	52.44	53.05	46.32	46.69	44.8	47.25
Other Current Liabilities	-	275.84	304.64	274.62	195.26	208.61
Total Current Liabilities	3,435	873.19	818.62	858.89	662	814.5
Long-Term Debt	2,913	6,148	7,046	7,071	6,403	2,699
Long-Term Leases	146.02	177	170.49	200.58	219.6	247.5
Long-Term Unearned Revenue	-	255.11	207.99	204.99	110.99	89.52
Pension & Post-Retirement Benefits	52.05	45.26	42.71	41.29	36.49	31.39
Long-Term Deferred Tax Liabilities	348.93	358.8	-	-	-	-
Other Long-Term Liabilities	305.56	13.56	10.57	10.07	5.74	5.74
Total Liabilities	7,200	7,870	8,297	8,387	7,438	3,888
Common Stock	2,845	2,845	2,845	2,776	2,716	2,716
Retained Earnings	3,312	3,328	3,280	2,917	2,547	2,282
Treasury Stock	-3.31	-3.3	-3.3	-3.22	-2.02	-2.02
Comprehensive Income & Other	69.41	148.03	352.64	56.69	-95.56	-50.24
Total Common Equity	6,223	6,318	6,475	5,746	5,165	4,945
Minority Interest	610.59	625.72	679.27	700.25	710.29	70.67
Shareholders' Equity	6,834	6,943	7,154	6,446	5,875	5,016
Total Liabilities & Equity	14,034	14,814	15,451	14,833	13,313	8,904
Total Debt	5,660	6,439	7,309	7,378	6,719	3,149
Net Cash (Debt)	-4,912	-4,826	-5,427	-6,083	-5,310	-2,887
Net Cash Per Share	-1.73	-1.70	-1.91	-2.14	-1.87	-1.02
Filing Date Shares Outstanding	2,842	2,842	2,842	2,842	2,836	2,836
Total Common Shares Outstanding	2,842	2,842	2,842	2,842	2,836	2,836
Working Capital	-1,504	1,731	2,247	1,404	2,237	348.48
Book Value Per Share	2.19	2.22	2.28	2.02	1.82	1.74
Tangible Book Value	2,228	2,268	2,323	1,462	2,805	4,916
Tangible Book Value Per Share	0.78	0.80	0.82	0.51	0.99	1.73
Land	-	4,320	4,330	4,272	3,799	3,312
Machinery	-	2,292	2,346	2,273	2,182	2,005
Construction In Progress	-	258.28	252.04	201.66	299.49	66.96

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