Below are the financial statements of Emirates Central Cooling Systems, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AED | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | 8,823.6a | 8,761.14a |
| Non-current assets | — | — |
| Property, plant and equipment | 6,995.16a | 6,934.82a |
| Right-of-use assets | 5.51a | 3.99a |
| Intangible assets | 327.83a | 339.98a |
| Deferred tax assets | 16.23a | 17.45a |
| Financial assets at amortised cost | 1,304.84a | 1,324.79a |
| Financial assets at fair value through other comprehensive income | 55.71a | 54.15a |
| Investment properties | 118.02a | 85.65a |
| Investment in a joint venture | 0.31a | 0.31a |
| Current assets | 2,359.45a | 967.03a |
| Current assets | — | — |
| Inventories | 53.79a | 43.73a |
| Trade and other receivables | 275.28a | 319.09a |
| Due from related parties | 18.08a | 8.82a |
| Financial assets at amortised cost | 19.95a | 19.11a |
| Financial assets at fair value through profit or loss | 25.47a | 10a |
| Term deposits | 30.26a | 27.5a |
| Cash and cash equivalents | 1,936.63a | 538.78a |
| Total assets | 11,183.05a | 9,728.17a |
| Equity and liabilities | — | — |
| Equity | — | — |
| Equity attributable to equity holders of the Company | 3,197.59a | 3,144.22a |
| Equity attributable to equity holders of the Company | — | — |
| Share capital | 1,000a | 1,000a |
| Statutory reserve | 500a | 500a |
| Other reserves | 18.77a | 14.51a |
| Contributed capital | 82.19a | 82.19a |
| Retained earnings | 1,596.63a | 1,547.52a |
| Non-controlling interests | 175.75a | 166.78a |
| Total equity | 3,373.34a | 3,311a |
| Liabilities | — | — |
| Non-current liabilities | 5,872.99a | 4,871.28a |
| Non-current liabilities | — | — |
| Bank borrowings | 5,496.22a | 4,492.44a |
| Government grants | 302.78a | 305.56a |
| Provision for employees’ end of service benefits | 57.65a | 54.67a |
| Retentions payable | 16.19a | 18.04a |
| Lease liabilities | 0.16a | 0.58a |
| Current liabilities | 1,936.72a | 1,545.88a |
| Current liabilities | — | — |
| Trade and other payables | 1,677.64a | 1,403.26a |
| Due to related parties | 159.37a | 135.95a |
| Current tax liabilities | 88.95a | 0a |
| Government grants | 3.17a | 3.17a |
| Lease liabilities | 5.39a | 3.5a |
| Bank borrowings | 2.2a | 0a |
| Total liabilities | 7,809.71a | 6,417.17a |
| Total equity and liabilities | 11,183.05a | 9,728.17a |
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