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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2020
  Share
capital
Legal
reserve
Accumulated
losses
Total
  AED AED AED AED
At 1 January 2019 126,500,000 1,855,075 -34,231,475 94,123,600
Profit for the year - - 25,125,518 25,125,518
Transfer to legal reserve
(note 14)
- 2,512,552 -2,512,552 -
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 -
At 31 December 2019 156,500,000 6,043,864 3,467,611 166,011,475