Global Telecom E : GTH Q2 2022 English financials

Condensed interim separate financial statements

Global Telecom Holding S.A.E.

As of and for the six-month period ended June 30, 2022

Together with the Review Report

Translation of separate financial statements

Originally issued in Arabic

Global Telecom Holding S.A.E.

Condensed interim separate statement of financial position

As of

		June 30,	December 31,
	Note	2022	2021
(In millions of USD)
Assets
Non-current assets
Investments in subsidiaries	9	0.3	0.3
Due from related parties	10-A	437.1	468.8
Total non-current assets		437.4	469.1
Current assets
Due from related parties	10- B	429,2	515.0
Other financial assets	11	4.9	4.1
Cash and cash equivalents	12	1.8	0.2
Total current assets		435.9	519.3
Total assets		873.3	988.4
Equity and liabilities
Equity		863.9	978.1
Total equity		863.9	978.1
Liabilities
Current liabilities
Other financial liabilities	13	9.4	10.3
Total current liabilities		9.4	10.3
Total liabilities		9.4	10.3
Total equity and liabilities		873.3	988.4

On behalf of the Board of Directors

Gerbrand Nijman

Managing Director and Vice-Chairman

Review report "attached"

The accompanying notes from (1) to (17) are an integral part of these condensed interim separate financial statements.

1

Translation of separate financial statements

Originally issued in Arabic

Global Telecom Holding S.A.E.

Condensed interim separate statement of income

For the six and three-month period ended June 30

(In millions of USD, except per share amounts)

Continuing operations

Other operating expenses

Other income

Total operating (loss)

Impairment loss on loans receivables from related parties

Finance income

Net foreign exchange (loss) / gain

(Loss) / profit before tax from continuing operations

Discontinued operations

Profit from discontinued operations, net of tax

(Loss) / profit for the period

(Losses) / earnings per share (expressed in USD per share)

Basic and diluted (losses) / earnings per share for

the period from continuing operations Basic and diluted earnings per share for the

period from discontinued operations

	Six-month period	Three-month period
2022	2021	2022	2021
Note		Represented		Represented

4	(1.3)	(1.9)	(0.1)	(1.0)
	-	0.1	-	0.1
	(1.3)	(1.8)	(0.1)	(0.9)
5	(124.0)	-	24.0	-
6	13.4	7.1	7.0	3.4
	(2.3)	(0.4)	(0.3)	0.1
	(114.2)	4.9	30.6	2.6
7	-	4.3	-	4.3
	(114.2)	9.2	30.6	6.9

8	(0.024)	0.001	0.006	0.0005
8	-	0.001	-	0.001

The accompanying notes from (1) to (17) are an integral part of these condensed interim separate financial statements.

2

Translation of separate financial statements

Originally issued in Arabic

Global Telecom Holding S.A.E.

Condensed interim separate statement of comprehensive income

For the six and three-month period ended June 30

(In millions of US dollars)

(Loss) / profit for the period

Other comprehensive income items

Total comprehensive (loss) / income for the period

Six-month period

Three-month period

2022 2021 2022 2021

(114.2)	9.2	30.6	6.9
-	-	-	-
(114.2)	9.2	30.6	6.9

The accompanying notes from (1) to (17) are an integral part of these condensed interim separate financial statements.

3