Investor Presentaiton
Fair Valuation Overview - NAV Table
EMAAR
In AED Mn
2020
2019
Book Value
Fair Value
Book Value
Fair Value
Cash and bank balances
Trade and Other Receivables
Development Properties
6,271
6,271
6,796
6,796
27,277
27,277
25,815
25,815
40,933
64,952
41,704
63,745
Investment in Associates and Joint Ventures
4,854
5,344
4,923
5,057
Securities and Loans to Associates and Joint Ventures
4,022
4,022
3,843
3,843
Investment Properties
22,319
56,985
21,905
65,974
Fixed Assets
10,278
12,096
10,900
12,838
Intangible assets
755
755
767
767
Assets Held for sale
669
669
Right of use assets
Total Assets
1,269
1,269
823
823
117,978
178,971
118,145
186,327
Total Liabilities (incl. Minority Interest)
Net Asset Value
Number of Shares Outstanding (in Million)
Net Asset Value per Share (AED)
(62,459)
(75,282)
(64,696)
(79,278)
55,519
103,689
53,449
107,049
7,160
7,160
7,160
7,160
14.95
Note: In Q1'21 revenue recognition policy of Emaar Egypt has been changed retrospectively from over a period of time to point in time method due to recent contract enforcement trends, legal opinions and
industry practice. Accordingly, the prior periods numbers have been restated.
7.75
14.48
7.46
58
EMAAR PROPERTIES
Fair valuation is carried out by CBRE, JLL and other reputable valuers for development properties (including land), investment properties and revenue generating fixed
assets. The above do not include fair value of unconsolidated JVs and JDAS except those that are listed associates & JVs.View entire presentation