Emaar Properties PJSC (EMAAR) 2002 FY annual report

2002 FY result list | EMAAR forum | Emaar Properties PJSC - details & pdf annual reports

EMAAR (listed on DFM)	Auditor: Ernst & Young
EMAAR accounts in UAE dirhams
Date of results and share price	16 Jan 2003
Current share price	AED 2.48 on 15 Apr 2009
Chairman	Mohammed Ali Al Abbar
CEO
Balance Sheet (AED)	31 Dec 2001	31 Dec 2002	%Δ	?	notes
Total Assets	18,629,700,000	6,637,607,000	-64%
Total Liabilities	(221,469,000)	(908,970,000)	310%		Includes Minority Interests
Shareholders Equity	18,408,231,000	5,728,637,000	-69%		Excludes Minority Interests
Income Statement (AED)	2001 FY	2002 FY
Revenue (Sales)	820,923,000	1,334,539,000	63%
Cost of Revenues (COGS)	(579,923,000)	(690,777,000)	19%
Gross Profit	241,000,000	643,762,000	167%
Other Income	170,483,000	80,700,000	-53%
Other Expenses	(69,558,000)	(208,104,000)	199%
Net Profit	341,925,000	516,358,000	51%
Minority Interests	0	622,000
Net Profit due to shareholders	341,925,000	516,980,000	51%
Earnings Per Share stated	1.29	2.03	57%
Ratio Calculations	As on 16 Jan 2003
Number of shares outstanding		265,000,000
EPS calculated	1.29	1.95	51%
Price to Earnings ratio (PE)
Price to Book Value (PBV)
Return on Assets (ROA)	1.8%	7.8%	324%
Return on Equity (ROE)	1.9%	9.0%	386%
Return on Sales (ROS) or Profit Margin	41.7%	38.7%	-7%
Dividends
Cash Dividend		10%			Proposed
Dividend Yield (cash)
Share Dividend
Important Dates	Record Date				AGM Date
Comments about Emaar Properties PJSC FY 2002 results
Date results released unknown but auditor's report and director's report are both dated 16 January 2003. Massive drop in Total Assets and Shareholder's Equity of AED 11.3 billion is due to change in accounting policy effective 01 January 2002 where land donated by the government of Dubai is valued at a nominal cost of AED 1 dh instead of fair market value, as in previous years. Other Income for FY2001 has been restated from AED 277,758,000, and Net Profit for FY 2001 has been restated from AED 449,200,000. An interim dividend of AED 0.50 per share was paid during 2002 and another 0.50 per share proposed to make a total of AED 1 dh per share (10% of par value 10 dhs per share). No discussion topic about EMAAR 2002 FY results yet. Start one at the EMAAR forum.

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This page last updated 20-Jan-2009. Company information last updated 01 Aug 2008. E & OE.

Emaar Properties PJSC (EMAAR) 2002 FY annual report

Comments about Emaar Properties PJSC FY 2002 results