Consolidated Annual Results

QAR Millions	2015	2016	2017	2018	2019	2020	2021
Operating Revenue	2,984	2,551	2,491	2,420	2,425	2,267	2,784
Operating Expenses	(2,129)	(1,996)	(2,043)	(2,019)	(2,142)	(1989)	(2,531)
Operating Profit before Impairments	855	555	448	401	283	279	253
Non-Operating Income/(Expenses)	254	148	36	111	264	(215)	477
Non-Controlling Interest	(15)	8	(14)	5	1	0	(2)
Tax Expense	(0)	0	(0)	0	(1)	(5)	(4)
Net Income – Equity Holders of the Parent	1,095	711	470	516	547	59	724
Operating Profit Margin	29%	22%	18%	17%	12%	12%	9%
Depreciation & Amortization	(308)	(331)	(323)	(334)	(362)	(367)	(368)
Finance Expenses	(106)	(175)	(195)	(148)	(103)	(84)	(73)
Finance Income	114	161	143	62	24	21	15
Impairments	(101)	(161)	(304)	(243)	(272)	(741)	(148)

*EBITDA	1,509	1,209	1,163	1,175	1,259	1,236	1,303

Total Assets	22,132	22,058	18,805	17,808	17,671	17,012	17,469
Total Liabilities	8,381	7,816	5,194	3,170	3,073	3,254	2,710
Working Capital	1,648	1,260	1,673	941	324	244	753
Long Term Loans	2,693	2,790	3,040	2,149	1,837	1,403	1,057
Shareholders’ Equity	13,751	14,242	13,612	14,638	14,598	13,758	14,760
Return on Assets (ROA)	5.4%	3.2%	2.4%	2.8%	3.1%	0.3%	4.2%
Return on Equity (ROE) of Parent	8.1%	5.0%	3.5%	3.6%	3.8%	0.4%	5.1%
Debt (LT Interest Bearing) to Equity Ratio	19.6%	19.6%	22.3%	14.7%	12.6%	10.2%	7.2%
Debt (Total Liabilities) to Equity Ratio	60.9%	54.9%	38.2%	21.7%	21.0%	23.6%	18.4%
Earnings per Share	0.96	0.63	0.41	0.45	0.48	0.05	0.64

*EBITDA Calculated as Net Profit including Non-Controlling Interest + Interest Expense – Interest Income + Depr & Amort + Tax + Impairments)

Operating Revenues (QR mn)

EBITDA (QR mn)

Net Profit (QR mn)

Financials