ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the nine-month period ended 30 September 2024 (continued) 9. Related party balances and transactions (continued) Amounts relating to TotalEnergies and its affiliates pertain to the related party balances and transactions of the Group’s newly acquired subsidiary, TotalEnergies Marketing Egypt LLC (note 19). In 2023, the Company renewed the Refined Products Sales Contract with the Parent Company for the sale by Parent Company and purchase by Company of refined petroleum products, with similar terms, for a term of five years from 1 January 2023 to 31 December 2027. The Company entered into a sub-lease agreement with the Parent Company for a property located in Industrial City of Abu Dhabi for a term of 42 years commencing 1 January 2023. In 2023, the Company entered into an amendment agreement to a lease for an office space with the Parent Company. During the period, the Company has entered into a Master Services Agreement (MSA) with its Parent Company for a term of 10 years. Under the MSA, the Parent Company will provide outsourced services to certain functions of the Company, including Procurement, IT, Finance, Human Capital and General Services with the intention of increasing operational and cost efficiencies. Related party transactions: 3 months ended 30 September 9 months ended 30 September 2024 2023 2024 2023 (unaudited) (unaudited) (unaudited) (unaudited) AED’000 AED’000 AED’000 AED’000 ADNOC Group Revenue 515,398 386,078 1,477,006 1,355,661 Purchases 5,213,958 4,571,318 17,485,581 16,868,211 TotalEnergies and its affiliates Revenue 141,497 9,873 416,666 18,465 Purchases 59,324 35,781 138,658 144,413 Management Fee & services 11,798 17,476 48,225 48,849 The Group provides, in the normal course of business, petroleum distribution services to entities owned and controlled by the Government of Abu Dhabi. The Group has elected to use the exemption under IAS 24 Related Party Disclosures for Government of Abu Dhabi related entities on disclosing transactions and related outstanding balances with government related parties owned by the Government other than the Parent Company and entities it owns and controls. 10. Right-of-use assets and lease liabilities Right-of-use assets 30 September 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Balance at beginning of the period/year 1,778,418 1,373,338 Additions related to land lease 134,999 511,560 Additions to decommissioning 1,572 9,394 Recognised as part of business combination (note 19) - 98,694 Reversal due to terminated contracts (34,729) (51,316) Depreciation charge during the period/year (110,840) (146,412) Modification during the period/year (878) (9,173) Exchange differences (66,660) (7,667) Closing balance 1,701,882 1,778,418 17