ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the six-month period ended 30 June 2024 (continued) 19. Business Combination (continued) 19.1 TotalEnergies Marketing Egypt LLC (continued) Acquisitions in 2023 (continued) From the date of acquisition until 31 December 2023, TEME contributed revenue of AED 574,444 thousand and profit of AED 9,176 thousand. Acquisition related costs amounted to AED 11,456 thousand which were expensed during the period and are included in the interim condensed consolidated statement of profit and loss. The non-controlling interests (50% ownership interest in TEME) recognised at the acquisition date was measured by reference to the proportionate share of net assets acquired and amounted to AED 330,802 thousand. Analysis of cashflow on acquisition AED’000 Cash paid 708,562 Contingent consideration liability 12,018 720,580 Cash paid for the acquisition (708,562) Net cash acquired on business combination 169,462 Net cash outflow on acquisition (included in cash flows from investing activities) (539,100) Transaction cost of the acquisition (included in cash flows from operating activities) (11,456) Net cash outflow on acquisition (550,556) 20. Contingencies and litigation The Group has contingent liabilities amounting to AED 258,430 thousand (31 December 2023: AED 230,052 thousand) in respect of bank and other guarantees and other matters arising in the ordinary course of business from which it is anticipated that no material liabilities will arise. The Group is involved in various legal proceedings arising in the ordinary course of business. While the outcome of these matters cannot be predicted with certainty, management does not believe that these matters will have a material adverse effect on the Group’s interim condensed consolidated financial statements if concluded unfavorably. 21. Commitments The capital expenditure contracted for at the reporting date but not yet incurred amounted to AED 483,414 thousand (31 December 2023: AED 368,216 thousand). 22. Seasonality of results There is no material impact of seasonality on the Group’s operating results. 23