Investment Corporation of Dubai and Its Subsidiaries
Investment Corporation of Dubai and its subsidiaries CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 Investment Corporation of Dubai and its subsidiaries CONSOLIDATED INCOME STATEMENT Year ended 31 December 2013 2013 2012 Notes AED’000 AED’000 *(Restated) Continuing operations Revenues 39 178,262,800 150,990,148 Cost of revenues (145,651,253) (123,141,479) ————— ————— 32,611,547 27,848,669 Other income 3 5,169,751 4,459,073 Net gain from derivative instruments 48,345 181,176 General, administrative and other expenses (15,889,389) (13,881,252) Net impairment losses on financial assets 4 (4,984,691) (3,801,175) Other finance income 5 764,400 904,739 Other finance costs 6 (3,520,715) (2,496,589) Share of results of associates and joint ventures 15 2,497,841 2,620,836 ————— ————— PROFIT FOR THE YEAR BEFORE INCOME TAX FROM CONTINUING OPERATIONS 16,697,089 15,835,477 Income tax expense 7 (895,563) (984,833) ————— ————— PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS 15,801,526 14,850,644 Discontinued operations Profit for the year / period from discontinued operations 23 (a) and 23 (c) 1,790,945 1,618,989 ————— ————— PROFIT FOR THE YEAR 8 17,592,471 16,469,633 ═══════ ═══════ Attributable to: The equity holder of ICD 14,591,403 13,973,267 Non-controlling interests 3,001,068 2,496,366 ————— ————— 17,592,471 16,469,633 ═══════ ═══════ * Certain comparatives as disclosed in note 2.3 have been restated due to the adoption of IFRS 10 by the Group. The attached notes 1 to 42 form part of these consolidated financial statements.
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