ORASCOM DEVELOPMENT HOLDING AG Contents
Orascom Development Holding AG (consolidated financial statements)
Consolidated statement of comprehensive income F-3
Consolidated statement of financial position F-4
Consolidated statement of changes in equity F-6
Consolidated statement of cash flows F-7
Notes to the consolidated financial statements F-10
Orascom Development Holding AG
Statutory income statement F-79
Statutory balance sheet F-80
Notes to the statutory financial statements F-81
Orascom Development Holding AG
Consolidated financial statements together with auditor's report for the year ended 31 December 2022
Consolidated statement of comprehensive income for the year ended 31 December 2022
2022
2021
RevenueCost of sales
Impairment losses recognised on receivables
GROSS PROFIT
Investment income Other gains Administrative expenses Finance costs
Share of profit/(losses) of associates Other losses
PROFIT BEFORE TAX Income tax expense
PROFIT FOR THE YEAROTHER COMPREHENSIVE (LOSS)/INCOME, NET OF INCOME TAX
Items that will not be reclassified subsequently to profit or loss
Gain on revaluation of property, plant and equipment reclassified to investment property
Net (loss) on revaluation of financial assets at FVTOCI Remeasurement of defined benefit obligation
Share of other comprehensive income of associates
Items that may be reclassified subsequently to profit or loss
Exchange differences arising on translation of foreign operations
TOTAL OTHER COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR, NET OF INCOME TAX
TOTAL COMPREHENSIVE LOSS/INCOME FOR THE YEAR
Profit/(loss) attributable to: Owners of the Parent Company Non-controlling interests
Total comprehensive (loss)/income attributable to: Owners of the Parent Company
Non-controlling interests
5/6 6.2 33.9
689,716,328
538,501,408
(535,827,582) (426,004,756)
(3,452,318) (3,614,344)
150,436,428 108,882,308
8 9 10 18 11
18,832,662 16,029,538
11,012,117 6,007,522
(44,778,566) (42,803,842)
(37,816,548) (32,883,181)
23,719,614 (4,788,053)
(36,770,582) (7,504,264)
12
84,635,125 (33,323,523)
42,940,028 (33,471,648)
51,311,602
9,468,380
15
-
729,036
(11,511)
(309)
32 18
512,127 197,856
1,606,955 876,017
2,107,571 1,802,600
(131,857,970) 16,555,122
(131,857,970) 16,555,122
(129,750,399) 18,357,722
(78,438,797) 27,826,102
22,885,746
(5,684,075)
28,425,856 15,152,455
51,311,602 9,468,380
(63,107,366) 6,936,579
(15,331,431) 20,889,523
(78,438,797) 27,826,102
CHF | Notes | 31 December 2022 | 31 December 2021 |
ASSETS | |||
NON-CURRENT ASSETS | |||
Property, plant and equipment | 14 | 742,495,934 | 797,829,382 |
Investment property | 15 | 36,895,453 | 37,319,156 |
Goodwill | 16 | 1,908,454 | 2,974,101 |
Investments in associates | 18 | 51,346,118 | 39,366,941 |
Non-current receivables | 19 | 106,813,094 | 104,557,688 |
Deferred tax assets | 12.4 | 13,526,260 | 1,598,384 |
Other financial assets | 20 | 2,035 | 1,460 |
TOTAL NON-CURRENT ASSETS | 952,987,348 | 983,647,112 | |
CURRENT ASSETS | |||
Inventories | 21 | 437,025,570 | 595,291,026 |
Trade and other receivables | 22 | 164,655,322 | 165,642,846 |
Current receivables due from related parties | 35.1 | 21,833,394 | 21,896,170 |
Other current assets | 23 | 67,249,217 | 91,731,541 |
Cash and bank balances | 24 | 180,298,029 | 206,999,539 |
TOTAL CURRENT ASSETS | 871,061,532 | 1,081,561,122 | |
TOTAL ASSETS | 1,824,048,880 | 2,065,208,234 | |
F-4 |
EQUITY AND LIABILITIES
CAPITAL AND RESERVES Issued capital
Reserves (Accumulated losses)
Equity attributable to owners of the Parent Company
Non-controlling interests
31 December 2022
31 December 2021
25 26
202,968,745 329,490,811 (247,650,476)
202,968,745 417,004,375 (272,381,871)
284,809,080
347,591,249
157,949,560
171,197,040
TOTAL EQUITY
442,758,640
518,788,289
NON-CURRENT LIABILITIES Borrowings
Trade and other payables Contract liabilities
Notes payable Provisions
Retirement benefit obligation Deferred tax liabilities
TOTAL NON-CURRENT LIABILITIES
27 28 29
418,407,070
243,104,128
60,099,754
70,615
30 32 12.4
412,272,778
361,055,952
93,658,401
66,273
20,613,065
433,948
24,512,092
24,243,648
677,841
28,764,778
767,240,672
920,739,671
CURRENT LIABILITIES Trade and other payables Borrowings
Due to related parties Current tax liabilities Provisions
Other current liabilities
TOTAL CURRENT LIABILITIES
28
37,896,237
27
62,226,631
49,287,553
35.1
32,937,238
20,311,188
12.3
31,221,766
40,304,227
30
38,428,497
44,660,414
31
39,410,843
421,589,949
421,455,299
614,049,568
625,680,274
TOTAL LIABILITIES
1,381,290,240
1,546,419,945
TOTAL EQUITY AND LIABILITIES
Naguib S. Sawiris Chairman of the Board
1,824,048,880
2,065,208,234
Ashraf Nessim Group CFO
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Orascom Development Holding AG published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 08:40:05 UTC.
