Delivering Robust Growth
Fair Valuation Overview - NAV Table
2022
In AED Mn
2021
Book Value
Fair Value
Book Value
Fair Value
Cash and bank balances
Trade and Other Receivables
Development Properties
18,289
18,289
8,539
8,539
27,984
27,984
30,743
30,743
42,241
75,040*
37,689
63,462
Investment in Associates and Joint Ventures
5,801
6,542
5,550
7,548
Securities and Loans to Associates and Joint Ventures
3,280
3,280
4,381
4,381
Investment Properties
22,688
66,177
22,743
62,388
Fixed Assets
9,884
11,831
9,157
10,516
Intangible assets
212
Assets Held for sale
Right of use assets
Total Assets
Total Liabilities (incl. Minority Interest)
Net Asset Value
Number of Shares Outstanding (in Million)
Net Asset Value per Share (AED)
8,180
14.89
Note: During the year management has re-evaluated its assessment of control over one of the hospitality entity and concluded that both the shareholders have joint control over the relevant business activities.
Hence, the equity method of accounting is applied for such hospitality entity as per IAS 28, retrospectively, and comparative numbers have been restated.
* Adjusted for future collections recorded as trade receivables in the books
1,030
955
132,364
(63,366)
68,998
8,839
7.81
212
1,030
955
211,340
745
745
1,067
120,614
1,067
189,389
(73,250)
138,090
8,839
15.62
(58,899)
(67,575)
61,715
121,814
8,180
7.54
71 EMAAR
Fair valuation is carried out by CBRE and other reputable valuers for development properties (including land), investment properties and revenue generating fixed assets. The above
fair value do not include fair value of unconsolidated JVs except for listed associates & Rove.View entire presentation