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The ninemonths ended September 30
(All amounts in thousand Egyptian Pound)
2017
2016
Net (Loss) for the year after income tax
(723 655)
(989 810)
Other comprehensive income items
Foreign currency translation difference
68 979
1 808 645
Modification surplus of fixed assets result
(116 300)
318 250
Total other comprehensive income for the year before income tax
(47 321)
2 126 895
Income tax Related to other comprehensive income item
22 133
(61 163)
Other comprehensive income for the year after income tax
(25 188)
2 065 732
Total other comprehensive income for the year
(748 843)
1 075 922
Other comprehensive income is attributable to:
Owners of the company
(657 612)
511 667
Non-controlling interests
(91 231)
564 255
(748 843)
1 075 922
*The accompanying notes forman integral part of these consolidated financial statements, and to be read therewith.
31December 2017
Attributed to owners of the company
(All amounts in thousand
Egyptian Pound)
Share
capital
Shares
held by
the group
Legal
reserve
Foreign
currency
transla-
tion
reserve
"ESOP
(Fair
value)
reserve"
Surplus re-
valuation
of fixed
assets
reserve
Share
premium
(Special
reserve)
Retained
earnings
Net profit
/ (losses)
for the
year
total
Non-
Con-
trolling
interests
Total
equity
Balanceat 31December2016 1 094 010
(26 506) 311 125 1 235 511
86 440
259 585
967 439
759 762 (865 656) 3 821 710 1 169 638 4 991 348
Transferred to retained
earnings
-
-
-
-
-
-
- (865 656) 865 656
-
-
-
Total comprehensive income
Net (loss) for the year
-
-
-
-
-
-
-
- (666 900)
(666 900)
(56 755)
(723 655)
Modification surplus of fixed
assets after income tax
-
-
-
-
-
(94 167)
-
47 099
-
(47 068)
-
(47 068)
Other comprehensive income
items
-
-
-
56 356
-
-
-
-
-
56 356
12 623
68 979
Total comprehensive income
-
-
-
56 356
-
(94 167)
-
47 099 (666 900) (657 612) (44 132) (701 744)
Transactionswithownersof thecompany
Results of sale of shares held by
the group
-
26 506
-
-
-
- (50 638)
-
-
(24 132)
-
(24 132)
Change of non-controlling
interests without changing in
control
-
-
-
-
-
-
- (44 702)
-
(44 702)
44 702
-
Dividends
-
-
-
-
-
-
-
(31 200)
-
(31 200)
(8 800)
(40 000)
ESOP fair value
-
-
-
-
2 442
-
-
-
-
2 442
-
2 442
Capital increase
-
-
-
-
-
-
-
-
-
-
1 750
1 750
Transferred to Legal reserve
-
-
9 867
-
-
-
-
(9 867)
-
-
-
-
Total Transactions with
owners of the company
-
26 506
9 867
-
2 442
- (50 638) (85 769)
- (97 592)
37 652
(59 940)
Balance at December 31, 2017 1 094 010
- 320 992 1 291 867
88 882
165 418
916 801 (144 564) (666 900) 3 066 506 1 163 158 4 229 664
*The accompanying notes forman integral part of these consolidated financial statements, and to be read therewith.
Consolidated statement of comprehensive income
for the financial year ended December 31, 2017
Consolidated statement of Shareholders Equity
for the financial year ended December 31, 2017
68 • 2017 ANNUAL REPORT
2017 ANNUAL REPORT • 69
GB Auto (S.A.E.)
Notes to the consolidated financial statements for the financial year ended December 31, 2017
(In the notes all amounts are shown in Thousand Egyptian Pounds unless otherwise stated)