Calculate Earning before interest Tax 17:59 A &eLTE2 .llVo)READ ONLY - This is an older file format. To ..Find...statementfor the year ended 31December 201920192018NotesAED 000AED '000Revenue247,147,8816,286,533Direct costs25(4,378,237)(3,654,846)Gross profit2,769,6442,631,687Selling and marketing expensesGeneral and administrative26(109,522)(85,440)expensesStaff costs(218,948)(230,142)27(237,423)Depreciation and amortisationProvisions, impairments andwrite-downs, netOthers6,7(268,550)28(152,675)(50,048)(126,407)(139,235)Share of (loss)/profit fromassociates and joint venturesGain on disposal of joint ventureGain on disposal of property, plantand equipment9(3,096)49,863930,31922,964Fair value loss on investmentproperties, netGain on disposal of investmentpropertiesGain on exchange of properties,8(374,751)(671,046)823,856net of write-downs32388,384Finance income2984,08779,735Finance costs30(349,719)(309,749)Other income31258,387767,868Profit for the year1,925,1791,854,864Profit for the year attributableto:Owners of the Company1,984,0971,855,808Non-controlling interests(58,918)(944)1,925,1791,854,864Basic and diluted earnings pershare330.2520.236II

EBIT (earnings before interest and taxes) is a company's net income before income tax expense and…

Answered: Calculate Earning before interest Tax

Business

Accounting

Calculate Earning before interest Tax

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate Earning before interest Tax

17:59 A &e
LTE2 .ll
Vo)
READ ONLY - This is an older file format. To ..
Find...
statement
for the year ended 31
December 2019
2019
2018
Notes
AED 000
AED '000
Revenue
24
7,147,881
6,286,533
Direct costs
25
(4,378,237)
(3,654,846)
Gross profit
2,769,644
2,631,687
Selling and marketing expenses
General and administrative
26
(109,522)
(85,440)
expenses
Staff costs
(218,948)
(230,142)
27
(237,423)
Depreciation and amortisation
Provisions, impairments and
write-downs, net
Others
6,7
(268,550)
28
(152,675)
(50,048)
(126,407)
(139,235)
Share of (loss)/profit from
associates and joint ventures
Gain on disposal of joint venture
Gain on disposal of property, plant
and equipment
9
(3,096)
49,863
9
30,319
22,964
Fair value loss on investment
properties, net
Gain on disposal of investment
properties
Gain on exchange of properties,
8
(374,751)
(671,046)
8
23,856
net of write-downs
32
388,384
Finance income
29
84,087
79,735
Finance costs
30
(349,719)
(309,749)
Other income
31
258,387
767,868
Profit for the year
1,925,179
1,854,864
Profit for the year attributable
to:
Owners of the Company
1,984,097
1,855,808
Non-controlling interests
(58,918)
(944)
1,925,179
1,854,864
Basic and diluted earnings per
share
33
0.252
0.236
II

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