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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2021
Share
capital
Legal
reserve
Retained Earnings /
(Accumulated Losses)
Total
AED AED AED AED
At 1 January 2020 126,500,000 4,367,627 -11,618,509 119,249,118
Capital introduced during the year (note 13) 30,000,000 - - 30,000,000
Profit for the year - - 16,762,357 16,762,357
Transfer to legal reserve (note 14) - 1,676,237 -1,676,237 0
At 1 January 2020 156,500,000 6,043,864 3,467,611 166,011,475
Profit for the year - - 15,590,284 15,590,284
Transfer to legal reserve (note 14) - 1,559,028 -1,559,028 0
At 31 December 2019 156,500,000 7,602,892 17,498,867 181,601,759