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 |