ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of cash flow For the nine-month period ended 30 September 2024 9 months ended 30 September 2024 2023 AED’000 AED’000 Cash flows from operating activities Profit for the period before tax 2,073,554 1,977,762 Adjustments for: Depreciation of property, plant and equipment 432,976 376,423 Depreciation of right-of-use assets 110,840 120,799 Amortization of intangible assets 32,379 7,544 Impairment losses on receivables 29,658 22,936 Recoveries on receivables (13,413) (7,383) Employees’ end of service benefit charge 23,622 25,442 Gain on disposal of property, plant and equipment (19,840) (2,257) Impairment of property, plant and equipment 11,534 4,022 Inventories written off 2,285 2,675 Finance costs 367,877 315,354 Interest income (116,741) (59,215) Operating cash flows before movements in working capital 2,934,731 2,784,102 (Increase)/ decrease in inventories (208,553) 96,022 Increase in trade receivables and other current assets (12,067) (247,689) Increase in due from related parties (243,264) (1,587) Increase in trade and other payables 129,797 156,941 Increase in due to related parties 281,509 569,320 Cash generated from operating activities 2,882,153 3,357,109 Payment of employees’ end of service benefit (19,174) (23,354) Payment of income taxes (18,896) (7,900) Net cash generated from operating activities 2,844,083 3,325,855 Cash flows from investing activities Payments for purchases of property, plant and equipment (838,911) (636,476) Payments for advances to contractors (57,370) (25,534) Increase in term deposits with maturity more than three months - (70,000) Proceeds from disposal of property, plant and equipment 23,473 5,471 Interest received 116,741 59,215 Payments for acquisition of subsidiary, net of cash acquired - (542,755) Net cash used in investing activities (756,067) (1,210,079) Cash flows from financing activities Payment of lease liabilities (171,344) (155,605) Net proceeds from borrowings 69,920 1,672 Repayment of borrowings (1,087) - Dividends paid (1,328,143) (1,324,791) Finance cost paid (317,510) (225,835) Net cash used in financing activities (1,748,164) (1,704,559) Net increase in cash and cash equivalents 339,852 411,217 Cash and cash equivalents at the beginning of the period 2,993,937 2,617,099 Effect of foreign exchange rate changes (107,487) (3,847) Cash and cash equivalents at the end of the period 3,226,302 3,024,469 Non-cash transactions Accruals for property, plant and equipment 418,391 389,702 Advances to contractors transferred to property, plant and equipment 35,577 23,091 Additions to right of use assets for land leases 134,999 412,510 Dividend Payable 1,285,625 1,285,625 The accompanying notes form an integral part of these interim condensed consolidated financial statements. 9