Below are the financial statements of Emirates Integrated Telecommunications, 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 | — | — |
| Property, plant and equipment | 9,838.45a | 9,722.7a |
| Right-of-use assets | 1,657.22a | 1,597.19a |
| Intangible assets and goodwill | 1,260.15a | 1,110.77a |
| Lease receivable | 92.58a | 109.61a |
| Investments accounted for using the equity method | 2.72a | 5.14a |
| Financial asset at fair value through other comprehensive income | 2.33a | 2.95a |
| Trade receivables, contract assets and other assets | 180.57a | 257.39a |
| Contract costs | 345.23a | 222.23a |
| Total non-current assets | 13,379.24a | 13,027.98a |
| Current assets | — | — |
| Inventories | 175.61a | 101.7a |
| Lease receivable | 19.03a | 18.1a |
| Trade receivables, contract assets and other assets | 2,319.81a | 2,224.03a |
| Contract costs | 361.58a | 341.86a |
| Due from related parties | 21.73a | 53.45a |
| Term deposits | 1,299.28a | 1,326.59a |
| Cash and bank balances | 983.97a | 610.04a |
| Total current assets | 5,181.01a | 4,675.76a |
| Total assets | 18,560.25a | 17,703.74a |
| Equity and liabilities | — | — |
| Equity | — | — |
| Share capital | 4,532.91a | 4,532.91a |
| Share premium | 232.33a | 232.33a |
| Other reserves | 2,250.47a | 2,251.03a |
| Retained earnings | 2,862.73a | 2,226.94a |
| Total equity | 9,878.45a | 9,243.21a |
| Liabilities | — | — |
| Non-current liabilities | — | — |
| Lease liabilities | 1,436.69a | 1,455.37a |
| Contract liabilities | 233.03a | 217.25a |
| Provision for employees’ end of service benefits | 208.6a | 208.47a |
| Other provisions | 219.12a | 210.78a |
| Total non-current liabilities | 2,097.44a | 2,091.88a |
| Current liabilities | — | — |
| Trade and other payables | 3,533.02a | 5,247.29a |
| Federal royalty on profit and corporate income tax | 1,923.45a | 0a |
| Lease liabilities | 562a | 649.59a |
| Contract liabilities | 559.18a | 465.71a |
| Due to related parties | 6.72a | 6.06a |
| Total current liabilities | 6,584.36a | 6,368.65a |
| Total liabilities | 8,681.81a | 8,460.52a |
| Total equity and liabilities | 18,560.25a | 17,703.74a |
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