IFRS Financial Statements & Balance Sheet (SCR-FN-04)
Consolidated Balance Sheet, Profit & Loss, and Statement of Cash Flows with comparative period analysis
Balance Sheet Reconciled (Diff = 0.00 AED)
Statement of Financial Position (Balance Sheet)
All figures in UAE Dirhams (AED) · IFRS Standards Compliant
| Financial Statement Line Item | Notes | As of 10-Oct-2026 (AED) | As of 31-Dec-2025 (AED) | Movement % |
|---|---|---|---|---|
| ASSETS | ||||
| Non-Current Assets | ||||
| Property, Plant & Equipment (IAS 16) | Note 4 | 33,439,600.00 | 28,150,000.00 | +18.8% |
| Capital Work In Progress (CWIP) | Note 5 | 12,400,000.00 | 9,200,000.00 | +34.8% |
| Right-of-Use (ROU) Assets (IFRS 16) | Note 6 | 16,420,000.00 | 14,800,000.00 | +10.9% |
| Total Non-Current Assets | 62,259,600.00 | 52,150,000.00 | +19.4% | |
| Current Assets | ||||
| Development Properties / Inventory Under Construction | Note 7 | 342,800,000.00 | 280,000,000.00 | +22.4% |
| Trade Receivables (Milestone Invoices) | Note 8 | 48,920,400.00 | 38,100,000.00 | +28.4% |
| Post-Dated Cheques (PDC) In Hand | Note 9 | 94,300,000.00 | 82,500,000.00 | +14.3% |
| RERA Escrow Trust Bank Accounts | Note 10 | 142,850,210.00 | 98,200,000.00 | +45.5% |
| Corporate Operating Cash & Bank Balances | Note 11 | 28,450,000.00 | 19,800,000.00 | +43.7% |
| Total Current Assets | 657,320,610.00 | 518,600,000.00 | +26.8% | |
| TOTAL ASSETS | 719,580,210.00 | 570,750,000.00 | +26.1% | |
| LIABILITIES & EQUITY | ||||
| Current Liabilities | ||||
| Trade Payables & Contractor Retention Held (10%) | Note 12 | 92,400,000.00 | 71,500,000.00 | +29.2% |
| Advances Received from Customers (Unearned Revenue) | Note 13 | 284,100,000.00 | 210,000,000.00 | +35.3% |
| Federal Tax Authority (FTA) VAT Payable | Note 14 | 4,120,000.00 | 3,200,000.00 | +28.8% |
| Total Current Liabilities | 380,620,000.00 | 284,700,000.00 | +33.7% | |
| Non-Current Liabilities & Equity | ||||
| IFRS 16 Lease Liabilities (Long-Term) | Note 15 | 14,810,000.00 | 13,200,000.00 | +12.2% |
| Paid-Up Share Capital | Note 16 | 150,000,000.00 | 150,000,000.00 | 0.0% |
| Retained Earnings & Development Reserve | Note 17 | 174,150,210.00 | 122,850,000.00 | +41.8% |
| TOTAL LIABILITIES & EQUITY | 719,580,210.00 | 570,750,000.00 | +26.1% | |