CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021
| NOTES | 2021 AED’000 | 2020 AED’000 (RESTATED) | |
|---|---|---|---|
| Operating revenue | 18 | 121,980 | 142,641 |
| Operating costs | 19 | (98,022) | (143,161) |
| Gross profit / (loss) | 23,958 | (520) | |
| Write-off of a vessel | 5 | – | (197,541) |
| Loss on disposal of asset | 5 | – | (9,610) |
| Provision for impairment of vessels | 5 | – | (12,649) |
| Income on discounting of a financial liability to its present value | 13(e) | 3,265 | – |
| General and administrative expenses | 20 | (18,667) | (17,946) |
| Other income | 794 | 185 | |
| Income from insurance claim | 24 | 85,759 | – |
| Liabilities no longer required written back | 25 | 6,661 | 1,926 |
| Operating profit/ (loss) for the period | 101,770 | (236,155) | |
| Finance costs | 23 | (40,418) | (46,622) |
| Profit / (loss) before income tax | 61,352 | (282,777) | |
| Income tax | (1,830) | (1,830) | |
| Profit / (loss) for the year | 59,522 | (284,607) | |
| Other comprehensive income for the year | – | – | |
| Total comprehensive income/ (loss) for the year | 59,522 | (284,607) | |
| Attributable to: | |||
| Owners of the Company | 60,750 | (284,464) | |
| Non-controlling interests | (1,228) | (143) | |
| Total comprehensive income/ (loss) for the year | 59,522 | (284,607) | |
| Earnings per share attributable to owners of the Company | |||
| 22 | 0.060 | (0.279) |