عربي

Annual Report 2010

Mubadala

Mubadala Development Company PJSC

Consolidated Statement of Comprehensive Income

for the year ended 31 December



Note

 2010
AED ‘000

 2009
AED ‘000
(Restated)1
Revenue from sale of goods and services 8 15,952,565 13,092,612
Income from other investments (net) 13 1,041,060 4,191,950
Change in fair value of investment properties 17 (927,650) 44,060
Share of results of equity accounted investees:
  - associates 19(a) 86,526 14,928
  - jointly controlled entities 19(b) 729,527 536,773
Impairment losses 14 (264,349) (1,336,242)
Reversal of impairment loss on an equity accounted investee 19(b) - 148,067
Gain on acquisition of stake in a subsidiary - 167,941
Other operating income 9 996,590 517,418
Operating income 6 17,614,269 17,377,507
Cost of sales of goods and services 10,15 (10,840,404) (8,426,840)
Impairment losses on intangible assets and property, plant and equipment 15,16 (519,532) (201,528)
Reversal of impairment losses on intangible assets and property, plant and equipment 15,16 - 655,775
General and administrative expenses 10,15 (3,648,277) (2,912,496)
Project expenses (549,920) (463,598)
Exploration costs 11 (534,976) (498,827)
Results from operating activities 1,521,160 5,529,993
Finance income 12 1,399,653 1,000,849
Finance expenses 12 (1,624,910) (1,156,169)
Net finance expense 12 (225,257) (155,320)
Profit before income tax 1,295,903 5,374,673
Income tax expense (net) 35 (168,147) (394,735)
Profit for the year 6 1,127,756 4,979,938
Other comprehensive (loss) / income
Net change in fair value of available-for-sale financial assets 20(b) (1,401,184) 3,310,507
Effective portion of changes in fair values of cash flow hedges (265,495) 292,204
Net change in exchange fluctuation reserve 189,746 272,982
Share of effective portion of changes in fair values of hedging
  instruments of equity accounted investees 		19(a,b) 32,041 91,911
Share of movements in exchange fluctuation reserves of equity accounted investees 19(b) 2,314 (5,128)
Other comprehensive (loss) / income for the year net of income tax (1,442,578) 3,962,476
Total comprehensive (loss) / income for the year (314,822) 8,942,414
Profit attributable to:
  Equity holder of the Company 1,205,355 5,125,447
  Non-controlling interests (77,599) (145,509)
Profit for the year 1,127,756 4,979,938
Total comprehensive (loss) / income attributable to:
 Equity holder of the Company (337,539) 9,048,989
 Non-controlling interests 22,717 (106,575)
Total comprehensive (loss) / income for the year (314,822) 8,942,414

The notes form an integral part of these consolidated financial statements.
1 See note 2(e)(iii) for restatement on account of change in accounting policies.
The independent auditors’ report is set out here.