Financial Statements
Consolidated Statement of Comprehensive Income
for the year ended December 31, 2011
2011 AED’000   2010 AED’000   2011 US$’000
Net profit for the year 3,045,111   390,615   829,053
Exchange difference arising on translation of foreign operations 40,196   508,442   10,944
Fair value changes on cash flow hedges on financial assets (2,581)     (703)
Fair value changes on net investment in foreign operation hedges (66,561)   (430,544)   (18,122)
Fair value changes on available for sale investments (559,061)   176,744   (152,208)
Fair value changes reversed on disposal/impairment of
available for sale investments
52,785   111,474   14,371
Board of Directors’ remuneration   (5,250)  
Share in other comprehensive income statement items of associate (19,098)   68,460   (5,200)
Reversal of related reserve balances on disposal of associate (Note 11) 399,309     108,715
Reversal of share in other comprehensive income statement items
of associate on disposal of associate (Note 11)
(59,050)     (16,077)
Total comprehensive income for the year 2,831,050   819,941   770,773
Attributed to:    
Equity holders of the parent 2,811,804   810,327   765,533
Non-controlling interests 19,246   9,614   5,240
Total comprehensive income for the year 2,831,050   819,941   770,773