Below are the financial statements of Emirates Telecommunications Group, 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 |
|---|---|---|
| Non-current assets | — | — |
| Goodwill and other intangible assets | 44,389.25a | 24,120.54a |
| Property, plant and equipment | 43,421.53a | 39,335.94a |
| Right-of-use assets | 2,776.09a | 1,680.98a |
| Investments in associates and joint ventures | 22,428.24a | 8,977.8a |
| Other investments | 7,223.26a | 19,795.52a |
| Trade and other receivables | 726.07a | 499.9a |
| Finance lease receivables | 1,316.3a | 1,442.98a |
| Derivative financial instruments | 456.72a | 39.25a |
| Contract assets | 863.58a | 537.66a |
| Deferred tax assets | 581.28a | 395.95a |
| Non-current assets | 124,182.33a | 96,826.52a |
| Current assets | — | — |
| Inventories | 1,200.05a | 1,090.19a |
| Trade and other receivables | 17,051.6a | 16,397.87a |
| Current income tax assets | 1,005.14a | 491.07a |
| Finance lease receivables | 169.05a | 152.44a |
| Due from related parties | 119.77a | 74.36a |
| Contract assets | 2,901.24a | 2,545.69a |
| Other investments | 2,448.41a | 743.16a |
| Derivative financial instruments | 5.61a | 67.55a |
| Cash and bank balances | 33,628.23a | 28,989.39a |
| Assets held for sale | 238.57a | 234.98a |
| Current assets | 58,767.67a | 50,786.68a |
| Total assets | 182,950a | 147,613.2a |
| Non-current liabilities | — | — |
| Trade and other payables | 1,582.18a | 1,713.32a |
| Borrowings | 33,658.53a | 35,850.09a |
| Payables related to investments and licenses | 1,045.33a | 233.08a |
| Conditional commitment to acquire NCI’s share | 8,092.09a | 56.92a |
| Deferred tax liabilities | 2,122.56a | 1,838.12a |
| Lease liabilities | 3,602.26a | 2,894.14a |
| Provisions | 600.35a | 367.09a |
| Provision for employees’ end of service benefits | 1,342.16a | 1,194.25a |
| Contract liabilities | 104.09a | 91.81a |
| Non-current liabilities | 52,149.55a | 44,238.83a |
| Current liabilities | — | — |
| Trade and other payables | 31,382.34a | 29,543.73a |
| Contract liabilities | 3,167.51a | 2,851.05a |
| Borrowings | 35,536.45a | 13,190.57a |
| Payables related to investments and licenses | 572.72a | 15.02a |
| Current income tax liabilities | 1,262.93a | 291.89a |
| Lease liabilities | 806.41a | 568.56a |
| Provisions | 3,886.63a | 5,039.16a |
| Derivative financial instruments | 0a | 25.7a |
| Due to related parties | 146.89a | 0a |
| Provision for employees’ end of service benefits | 142.29a | 138.19a |
| Current liabilities | 76,904.17a | 51,663.87a |
| Total liabilities | 129,053.72a | 95,902.7a |
| Equity | — | — |
| Share capital | 8,696.75a | 8,696.75a |
| Reserves | 25,128.92a | 17,364.91a |
| Retained earnings | 11,738.96a | 16,596.24a |
| Equity attributable to the owners of the Company | 45,564.63a | 42,657.89a |
| Non-controlling interests | 8,331.64a | 9,052.6a |
| Total equity | 53,896.27a | 51,710.5a |
| Total liabilities and equity | 182,950a | 147,613.2a |
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