Tabreed 06 Prospectus - London Stock Exchange

NATIONAL CENTRAL COOLING COMPANY (PJSC)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Three months period ended 31 March 2006 (Unaudited)
Share
capital
AED 000
Treasury
shares
AED 000
Statutory
reserve
AED 000
Attributable to equity holders of the parent
Retained
earnings
AED 000
Foreign
currency
translation
reserve
AED 000
Cumulative
changes in
fair value of
derivatives
AED 000
Reserve for
proposed
bonus issue
AED 000
Proposed
dividend
AED 000
Total
AED 000
Minority
interests
AED 000
Total equity
AED 000
Balance at 1 January 2005
(as previously stated) ........................ 500,000 — 7,914 29,669 — (6,419) — 25,000 556,164 14,530 570,694
Effect of adopting IFRS 2 ................... — — — (1,298) — — — — (1,298) — (1,298)
Reclassification from advance to
employee incentive scheme................ — (5,050) — — — — — — (5,050) — (5,050)
Balance at 1 January 2005 (restated) ... 500,000 (5,050) 7,914 28,371 — (6,419) — 25,000 549,816 14,530 564,346
Net movement in fair value of cash
flow hedges........................................ — — — — — 7,667 — — 7,667 — 7,667
Total income for the period recognised
directly in equity ............................... — — — — — 7,667 — — 7,667 — 7,667
Profit for the period ............................. — — — 17,140 — — — — 17,140 3,603 20,743
Total income for the period................. — — — 17,140 — 7,667 — — 24,807 3,603 28,410
Dividend paid....................................... — — — — — — — (25,000) (25,000) (1,205) (26,205)
Balance at 31 March 2005 ................... 500,000 (5,050) 7,914 45,511 — 1,248 — — 549,623 16,928 566,551
Balance at 1 January 2006 ................... 1,000,000 (10,050) 14,544 22,881 — 3,800 50,000 — 1,081,175 64,601 1,145,776
Net movement in fair value of cash
flow hedges........................................ — — — — — 12,647 — — 12,647 — 12,647
Exchange difference arising on
translation of overseas operations .... — — — — (400) — — — (400) — (400)
Total income and (expense) for the
period recognised directly in equity.. — — — — (400) 12,647 — — 12,247 — 12,247
Profit for the period ............................. — — — 17,907 — — — — 17,907 6,631 24,538
Total income and (expense) for the
period ................................................ — — — 17,907 (400) 12,647 — — 30,154 6,631 36,785
Increase in share capital of subsidiary . — — — — — — — — — 7,350 7,350
Dividend paid....................................... — — — — — — — — — (8,700) (8,700)
Balance at 31 March 2006 ................... 1,000,000 (10,050) 14,544 40,788 (400) 16,447 50,000 — 1,111,329 69,882 1,181,211
The attached notes to 1 to 11 form part of these consolidated financial statements.
F-6