OOREDOO - Interim / Quarterly Report 2022

Ooredoo Q.P.S.C. Doha - Qatar

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022

Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022

CONTENTS PAGE(S)
Report on review of condensed consolidated interim financial information ___________1
Condensed consolidated interim statement of profit or loss ______________________2
Condensed consolidated interim statement of comprehensive income _______________3
Condensed consolidated interim statement of financial position_________________4–5
Condensed consolidated interim statement of changes in equity _________________6–7
_Condensed consolidated interim statement of cash flows____8–9 _
Notes to the condensed consolidated interim financial information _____________10–32

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REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF OOREDOO Q.P.S.C.

Introduction

We have reviewed the accompanying condensed consolidated interim statement of financial position of Ooredoo Q.P.S.C. (the "Company") and its subsidiaries (together referred to as the "Group") as at 30 September 2022, and the related condensed consolidated interim statements of profit or loss and comprehensive income for the three-month and nine-month periods then ended, and condensed consolidated interim statements of changes in equity and cash flows for the nine-month period then ended, and explanatory notes. Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard 34 ‘Interim Financial Reporting’ as issued by the International Accounting Standard Board (IASB). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.

Scope of review

We conducted our review in accordance with International Standard on Review Engagements 2410, ‘Review of interim financial information performed by the independent auditor of the entity’. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 ‘Interim Financial Reporting’.

For and on behalf of PricewaterhouseCoopers – Qatar Branch Qatar Financial Market Authority registration number 120155

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Waleed Tahtamouni

Auditor’s registration number 370 26 October 2022

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PricewaterhouseCoopers – Qatar Branch, P.O. Box: 6689, Doha, Qatar. Ministry of Commerce and Industry License number 6 / Qatar Financial Markets Authority License number 120155 T: +974 4419 2777, F:+974 4467 7528, www.pwc.com/me

Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS

Note	For the three-month period ended 30 September	For the nine-month period ended 30 September	For the nine-month period ended 30 September
	2022 2021 (Reviewed)* (Reviewed)	2022	2021* (Reviewed)
		(Reviewed)
Revenue 4 Other income Network, interconnect and other operating expenses 5 Employee salaries and associated costs Depreciation and amortisation Finance costs Finance income Share of net profit of associates and joint ventures 11 Impairment losses on financial assets Impairment losses on goodwill and other non-financial assets 23 Gain on sale of towers 6.1 Other losses – net 6 Royalties and fees	QR.’000 QR.’000 5,767,116 7,608,539 101,045 47,510 (2,661,805) (3,325,818) (765,265) (758,286) (1,135,833) (1,937,334) (266,559) (501,706) 70,558 52,240 29,965 27,281 (68,456) (88,755) - - - - (158,924) (508,431) (105,492) (166,195)	QR.’000	QR.’000 22,117,593 141,489 (9,856,639) (2,221,665) (5,994,327) (1,508,584) 134,914 45,786 (181,572) (2,389,657) 1,566,903 (1,164,746) (369,457)

		16,853,504
		160,665

		(7,781,597)

		(2,105,745)
		(3,422,440)
		(776,962)
		178,494

		300,090

		(164,372)

		-
		-
		(239,335)
		(357,895)
Profit before income tax Income tax 22	806,350 449,045 (117,514) (116,592)	2,644,407	320,038 (274,776)

		(280,600)
Profit for theperiod	688,836 332,453	2,363,807	45,262
Profit / (Loss) attributable to: Shareholders of the parent Non-controlling interests	574,021 196,646 114,815 135,807		(759,551) 804,813

		2,048,696
		315,111
	688,836 332,453	2,363,807	45,262
Basic and diluted Profit / (Loss) per share (Attributable to shareholders of the parent) (Expressed inQR.per share) 7	0.18 0.06		(0.24)


		0.64

Refer to note 30 for details regarding certain reclassifications.

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Report on review of condensed consolidated interim financial information is set out on page 1. The accompanying notes from 1 to 30 form an integral part of this condensed consolidated interim financial information.

Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME	NTERIM STATEMENT OF COMPREHENSIVE INCOME	NTERIM STATEMENT OF COMPREHENSIVE INCOME
For the three-month ended 30 September For the nine-month period ended 30 September 2022 2021 2022 2021 Note (Reviewed) (Reviewed) (Reviewed) (Reviewed)	For the three-month ended 30 September For the nine-month period ended 30 September
QR.’000 QR.’000 Profit for the period 688,836 332,453 Other comprehensive income/(loss) Items that may be reclassified subsequently to profit or loss Effective portion of changes in fair value of cash flow hedges 21 796 1,121 Share of other comprehensive gain/(loss) of associates and joint ventures 21 15,222 6,706 Foreign currency translation differences 21 (650,009) (28,096) Items that will not be reclassified subsequently to profit or loss Net changes in fair value on investments in equity instruments designated as at FVTOCI 21 33,133 32,720 Net changes in fair value of employees’benefits reserve 21 1,083 9,212		QR.’000 QR.’000 2,363,807 45,262 5,447 4,495 19,925 (4,809) 1,358,345 (808,621) 41,508 51,326 1,083 18,800
Other comprehensive income/(loss) net of tax (599,775) 21,663		1,426,308 (738,809)

Total comprehensive income/(loss) for the period 89,061 354,116		3,790,115 (693,547)
Total comprehensive income/(loss) attributable to: Shareholders of the parent (19,162) 210,180 Non-controlling interests 108,223 143,936		3,545,721 (1,423,089) 244,394 729,542
89,061 354,116		3,790,115 (693,547)

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Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

Note	30 September 2022 31 December 2021 (Reviewed)* (Audited)
Assets Non-current assets Property, plant and equipment 8 Intangible assets, goodwill and long-term prepayments 9 Right-of-use assets 10 Investment properties Investment in associates and joint ventures 11 Financial assets – equity instruments 12 Other non-current assets Deferred tax assets Contract costs	QR.’000 QR.’000 13,803,168 14,868,664 16,708,243 18,088,422 2,468,265 2,860,655 124,351 133,960 7,245,557 1,646,154 684,313 686,078 212,616 234,199 298,683 365,551 129,385 111,897
Total non-current assets	41,674,581 38,995,580
Current assets Inventories Contract costs Trade and other receivables 13 Bank balances and cash 14	407,630 364,994 199,955 181,287 5,815,751 5,251,310 12,212,975 11,670,454
Assets held for sale	18,636,311 17,468,045 - 20,893,903
Total current assets	18,636,311 38,361,948
Total assets	60,310,892 77,357,528
EQUITY AND LIABILITIES EQUITY Share capital Legal reserve Fair value reserve Employees’ benefits reserve Translation reserve 15 Other statutory reserves Retained earnings	3,203,200 3,203,200 12,434,282 12,434,282 401,166 393,453 182 (5,583) (7,205,485) (8,634,620) 1,326,968 1,326,968 13,644,738 12,504,113
Equity attributable to shareholders of the parent Non-controlling interests	23,805,051 21,221,813 3,824,454 5,186,715
Total equity	27,629,505 26,408,528

Refer to note 30 for details regarding certain reclassifications.

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Ooredoo[Q] .P .S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION (CONTINUED)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION (CONTINUED)	CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION (CONTINUED)
ao Septemle 31December 2022 2021 Note (Revieed)* (Audited)
QR'ooo QR.'ooo LIABILITES Non-current liailites Loans and borrowings 17 13,735,028 18,943,487 Employees'benefts 594,647 572,093 Lease liabilites 20 3,038,234 3,557,607 Othernon-currentliabilites 18 666,627 746,303 Contract liabilities 9,774 9,972 Provisions 26 217~~2~~116 211,530
Total non-currnt liabilites 18 22612426~~j~~ 24,040,992 Current liabilites Loans and borrowings 17 4,389,716 824,968 Lease liabilites 20 664,866 629,569 Trade and other payables 19 7,468,634 8,323,455 Defrred income 1,139,299 1,264,377 Contract liabilities 57,293 46,748 Income tax payable 273,903 320,220 Provisions 26 426,250 575,359 1,419,961 11,984,696 Liabilities directy assoiated with assets held fr sale - 14,923,312
Total current llaortes ~~l~~ 14,419,9<1	26,908,008
Tota~~l~~ ~~l~~abiltes ! a226s12asz Total eguitand liabilites I 6023102822	50,242,000
	ZZ235Z2528

Refer to note 30 for details regarding certain reclassifications.

The condensed consolidated interim financial information on pages 2 to 32 were approved and authorised for issue by the Board of Directors on 26 October 2022 and were signed on its b ehalfby:

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,...- a1sal Bin ThaniAI Thani Chairman

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Board member
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Repo1t on review ofcondensedconsolidated interim financial information is setouton page 1. The accompanying notes from 1 to 30 form an integral part of this condensed consolidated interim financial information.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

Ooredoo Q.P.S.C.

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY	CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY
Attributable to shareholders of the parent
Share capital	Legal reserve Fair value reserve Employees’ benefits reserve Translation reserve Other statutory reserves Retained earnings Total Non – controlling interests Total equity
QR.’000 At 1 January 2021 3,203,200	QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 12,434,282 410,925 (11,273) (7,869,693) 1,304,333 13,277,770 22,749,544 5,451,279 28,200,823
(Loss)/profit for the period - Other comprehensive income/ (loss) -	- - - - - (759,551) (759,551) 804,813 45,262 - 51,035 12,191 (726,764) - - (663,538) (75,271) (738,809)
Total comprehensive income/ (loss) for the period -	- 51,035 12,191 (726,764) - (759,551) (1,423,089) 729,542 (693,547)
Employee benefit reserve transferred to retained earnings (Note 6) - Transactions with shareholders of the parent, recognised directly in equity Dividend for 2020 (Note 16) - Transactions with non- controlling interests, recognised directly in equity Change in associate’s non- controlling interest of its subsidiaries - Dividends paid to non-controlling interests - Transactions with non- owners of the Group, recognised directly in equity Transfer to employee association fund -	- - (4,168) - - 4,168 - - - - - - - - (800,800) (800,800) - (800,800) - - - - - 1,348 1,348 - 1,348 - - - - - - - (145,913) (145,913) - - - - - (1,666) (1,666) (315) (1,981)
At 30 September 2021 3,203,200	12,434,282 461,960 (3,250) (8,596,457) 1,304,333 11,721,269 20,525,337 6,034,593 26,559,930

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Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

Ooredoo Q.P.S.C.

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY (CONTINUED)

Attributable to shareholders of the parent	Attributable to shareholders of the parent
Share capital	Legal reserve Fair value reserve Employees ’ benefits reserve Translation reserve Other statutory reserves Retained earnings Total Non – controlling interests Total equity
QR.’000	QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000

At 1 January 2022 3,203,200	12,434,282 393,453 (5,583) (8,634,620) 1,326,968 12,504,113 21,221,813 5,186,715 26,408,528

Profit for the period -	- - - - - 2,048,696 2,048,696 315,111 2,363,807
Other comprehensive income/
(loss) -	- 66,807 1,083 1,429,135 - - 1,497,025 (70,717) 1,426,308
Total comprehensive income for
the period -	- 66,807 1,083 1,429,135 - 2,048,696 3,545,721 244,394 3,790,115
Realised gain on FVTOCI investment recycled to retained
earnings -	- (59,094) - - - 59,094 - - -
Employee benefit reserve transferred to retained earnings
(Note 6) -	- - 4,682 - - (4,682) - - -
Transactions with shareholders of the parent,
recognised directly in equity
Dividend for 2021 (Note 16) -	- - - - - (960,960) (960,960) - (960,960)
Transactions with non- controlling interests,
recognised directly in equity
Deconsolidation of a subsidiary
(Note 6) -	- - - - - - - (1,206,108) (1,206,108)
Dividends paid to non-controlling
interests -	- - - - - - - (400,259) (400,259)
Transactions with non- owners of the Group,
recognised directly in equity
Transfer to employee association
fund -	- - - - - (1,523) (1,523) (288) (1,811)
At 30 September 2022 3,203,200	12,434,282 401,166 182 (7,205,485) 1,326,968 13,644,738 23,805,051 3,824,454 27,629,505

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Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

			For the nine-month period ended	For the nine-month period ended
			30 September
		Note	2022	2021*
			(Reviewed)	(Reviewed)
Cash flows from operating activities			QR.’000	QR.’000
Profit before income tax			2,644,407	320,038
Adjustments for:
Depreciation and amortisation			3,422,440	5,994,327
Dividend income			-	(23,316)
Impairment losses on goodwill	and other non-financial assets		-	2,389,657
Changes in fair value of investments at FVTPL		6	(580)	(531)
Gain on disposal of non-financial assets		6	(36,775)	(30,594)
Gain on sale of towers		6.1	-	(1,566,903)
Gain on disposal of investments at FVTPL			(14,242)	-
Gain on deconsolidation of a subsidiary		6	(2,571,881)	-
Translation reserve recycled to profit or loss		6	2,555,069	-
Finance costs			776,962	1,508,584
Finance income			(178,494)	(134,914)
Provision for employees’ benefits			152,076	67,703
Impairment losses on financial assets			164,372	181,572
Share of net profits of associates and joint ventures		11	(300,090)	(45,786)
Operating profit before working capital changes			6,613,264	8,659,837
Working capital changes:
Changes in inventories			(42,636)	68,559
Changes in trade and other receivables			(709,507)	880,832
Changes in contract costs			(36,156)	26,487
Changes in trade and other payables			(468,512)	(2,114,544)
Changes in contract liabilities			10,347	(26,355)
Cash generated from operations			5,366,800	7,494,816
Interest paid			(632,855)	(1,465,400)
Employees’ benefits paid			(137,411)	(155,815)
Income tax paid			(269,164)	(998,462)
Net cash generated from operating activities			4,327,370	4,875,139
Cash flows from investing	activities
Acquisition of property, plant and equipment			(2,081,966)	(2,878,045)
Acquisition of intangible assets			(204,138)	(1,064,584)
Additional investments in associates			-	(806)
Proceeds from disposal of stake in a subsidiary			1,409,261	-
Proceeds from disposal of non-financial assets			51,948	1,985,385
Proceeds from disposal of investments at FVTPL			56,695	451
Released restricted deposits			21,687	317,024
Additions to restricted deposits			(71,556)	(94,068)
Net movement in short-term deposits			(5,427)	7,537
Movement in other non-current assets			-	(3,840)
Dividend received from an associate and a joint venture			157,534	9,380
Other dividend received			-	23,316
Interest received			178,059	134,401
Net cash used in investing	activities		(487,903)	(1,563,849)

Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 (All amounts are expressed in Qatari Riyals unless otherwise stated)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS (CONTINUED)

		For the nine-month period ended	For the nine-month period ended
		30 September
	Note	2022	2021*
		(Reviewed)	(Reviewed)
		QR.’000	QR.’000
Cash flows from financing activities
Proceeds from loans and borrowings		3,577,863	5,594,413
Repayments of loans and borrowings		(5,258,452)	(9,846,383)
Principal element of lease payments	20	(566,800)	(790,276)
Additions to deferred financing costs		-	(134,283)
Dividends paid to shareholders of the parent	16	(960,960)	(800,800)
Dividends paid to non-controlling interests in subsidiaries		(400,259)	(145,913)
Movement in other non-current liabilities		-	(800,644)
Net cash used in financing activities		(3,608,608)	(6,923,886)
Net increase (decrease) in cash and cash
equivalents		230,859	(3,612,596)
Effect of exchange rate fluctuations		258,457	1,911,845
Cash and cash equivalents at the beginning of the period		10,676,223	14,609,483
Cash and cash equivalents at the end of the period	14	11,165,539	12,908,732

Refer to note 30 for details regarding certain reclassifications.

Refer to note 14 for details regarding non-cash financing and investing activities.

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Ooredoo Q.P.S.C. Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

1. REPORTING ENTITY

Qatar Public Telecommunications Corporation (the “Corporation”) was formed on 29 June 1987 domiciled in the State of Qatar by Law No. 13 of 1987 to provide domestic and international telecommunication services within the State of Qatar. The Company’s registered office is located at 100 Westbay Tower, Doha, State of Qatar.

The Corporation was transformed into a Qatari Shareholding Company under the name of Qatar Telecom (Qtel) Q.S.C. (the “Company”) on 25 November 1998, pursuant to Law No. 21 of 1998.

In June 2013, the legal name of the Company was changed to Ooredoo Q.S.C. This change had been duly approved by the shareholders at the Company’s extraordinary general assembly meeting held on 31 March 2013.

The Company changed its legal name from Ooredoo Q.S.C. to Ooredoo Q.P.S.C. to comply with the provisions of the new Qatar Commercial Companies Law issued on 7 July 2015.

The Company is a telecommunications service provider licensed by the Communications Regulatory Authority (CRA) (formerly known as Supreme Council of Information and Communication Technology (ictQATAR)) to provide both fixed and mobile telecommunications services in the state of Qatar. As a licensed service provider, the conduct and activities of the Company are regulated by CRA pursuant to Law No. 34 of 2006 (Telecommunications Law) and the Applicable Regulatory Framework.

During 2021, the Qatar Commercial law number 11 of 2015 has been amended by Law number 8 of 2021. The management assessed the compliance of the Company and the required changes to the Article of the Association was amended in the Extraordinary General Assembly Meeting held on 8 March 2022.

The Company and its subsidiaries (together referred to as the “Group”) provides domestic and international telecommunication services in Qatar and elsewhere in the Asia and Middle East and North African (MENA) region. Qatar Holding L.L.C. is the Parent Company of the Group. Qatar Holding L.L.C. is controlled by Qatar Investment Authority - the sovereign wealth fund of the State of Qatar - (the "Ultimate parent").

In line with an amendment issued by Qatar Financial Markets Authority (“QFMA”), effective from May 2018, listed entities are required to comply with the Qatar Financial Markets Authority’s law and relevant legislations including Governance Code for Companies & Legal Entities Listed on the Main Market (the “Governance Code”). The Group has taken appropriate steps to comply with the requirements of the Governance Code.

The condensed consolidated interim financial information of the Group for the nine-month period ended 30 September 2022 were authorised for issuance in accordance with a resolution of the Board of Directors of the Group on 26 October 2022.

2. BASIS OF PREPARATION

The condensed consolidated interim financial information for the nine-month period ended 30 September 2022 has been prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting' (“IAS 34”).

The condensed consolidated interim financial information is prepared in Qatari Riyals, which is the Company’s functional and Group's presentation currency, and all values are rounded to the nearest thousands (QR.’000) except when otherwise indicated.

The condensed consolidated interim financial information does not include all information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the Group’s annual consolidated financial statements for the year ended 31 December 2021. In addition, results for the nine-month period ended 30 September 2022 are not necessarily indicative of the results that may be expected for the financial year ending 31 December 2022.

2. BASIS OF PREPARATION (CONTINUED)

Judgments, estimates and risk management

The preparation of the condensed consolidated interim financial information requires management to make judgments, estimates and assumptions that affects the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The significant judgments made by management in applying the Group's accounting policies, the key sources of estimation uncertainty and financial risk management objectives and policies were the same as those that applied to the Group’s annual consolidated financial statements for the year ended 31 December 2021, except those discussed in Notes 6 and 29.

3. SIGNIFICANT ACCOUNTING POLICIES

The accounting policies used in the preparation of this condensed consolidated interim financial information are consistent with those used in the preparation of the Group’s annual consolidated financial statements for the year ended 31 December 2021, and the notes attached thereto, except for the adoption of certain new and revised standards, that became effective in the current period as set out below and as disclosed in Note 3.1.

Changes to significant accounting policies

New and amended standards adopted by the Group

A number of new or amended standards became applicable for the current reporting period, and the Group has applied the following standards and amendments for the first time for their annual reporting period commencing 1 January 2022:

Property, Plant & Equipment: proceeds before intended use – Amendments to IAS 16
Reference to the conceptual framework – Amendments to IFRS 3
Onerous contracts – cost of fulfilling a contract, amendments to IAS 37
Annual Improvements to IFRS Standards 2018–2020
Amendments to IFRS 16 – Covid-19-Related Rent Concessions beyond 30 September 2021

The amendments listed above did not have a material impact on the amounts recognised in prior periods and are not expected to significantly affect the current period.

2 . Impact of new standards (issued but not yet adopted by the Group)

Certain new accounting standards and interpretations have been published that are not mandatory for the current reporting period and have not been adopted by the Group. The management of the Group is in the process of assessing the impact of these new standards, interpretation and amendments which will be adopted in the Group’s financial statement as and when they are applicable.

4. REVENUE

4. REVENUE
	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 (Reviewed) (Reviewed)	2022 2021 (Reviewed) (Reviewed)
Revenue from rendering of services Sale of telecommunication equipment Equipment rental revenue	QR.’000 QR.’000 5,381,948 7,304,148 366,118 290,333 19,050 14,058	QR.’000 QR.’000 15,644,684 21,048,086 1,161,982 975,065 46,838 94,442
	5,767,116 7,608,539	16,853,504 22,117,593

REVENUE (CONTINUED)

	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 (Reviewed) (Reviewed)	2022 2021 (Reviewed) (Reviewed)
Over time At apoint in time	QR.’000 QR.’000 5,400,998 7,318,206 366,118 290,333	QR.’000 QR.’000 15,691,522 21,142,528 1,161,982 975,065
	5,767,116 7,608,539	16,853,504 22,117,593

5. NETWORK, INTERCONNECT AND OTHER OPERATING EXPENSES

	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 (Reviewed) (Reviewed)	2022 2021 (Reviewed) (Reviewed)
Cost of equipment sold and other services Outpayments and interconnect charges Regulatory and related fees Network operation and maintenance Rentals and utilities Marketing costs and sponsorship Commission on cards Legal and professional fees Provision / (Reversal of provision) for obsolete and slow-moving inventories Other expenses	QR.’000 QR.’000 740,720 592,434 476,681 619,915 375,173 657,650 385,461 564,727 183,843 350,076 134,061 145,319 155,391 177,814 58,167 51,351 4,466 2,197 147,842 164,335	QR.’000 QR.’000 2,162,767 1,890,609 1,353,802 1,815,873 1,107,521 1,866,818 1,134,738 1,711,513 521,369 991,248 446,363 472,852 463,994 481,164 172,675 144,047 3,664 (9,143) 414,704 491,658
	2,661,805 3,325,818	7,781,597 9,856,639

OTHER LOSSES – NET

	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 (Reviewed)* (Reviewed)	2022 2021 (Reviewed)* (Reviewed)
QR.’000 QR.’000 Gain on sale of non-financial assets 18,234 2,999 Change in fair value of derivatives – net 203 (1,178) Unrealised gain/(loss) on equity investment at FVTPL 1,937 (948) Foreign currency loss – net (201,272) (453,142) Gain on deconsolidation of a subsidiary (i) - - Miscellaneous gain/(loss) – net 21,974 (56,162)		QR.’000 QR.’000 36,775 30,594 340 4,158 580 531 (2,857,352) (1,003,890) 2,571,881 - 8,441 (196,139)
	(158,924) (508,431)	(239,335) (1,164,746)

Refer to note 30 for details regarding certain reclassifications.

6. OTHER LOSSES – NET (CONTINUED)

(i) Merger between Indosat Ooredoo (“IO”) and PT Hutchison 3 Indonesia

On 4 January 2022, one of the subsidiaries of the Group namely IO completed a statutory merger with PT Hutchison 3 Indonesia (“H3I”), the Indonesian subsidiary of CK Hutchison Holdings Limited (“CKH”).

The merger was approved by the shareholders on 28 December 2021. However, the remaining ministry approvals to finalise the merger deal (Minister of Law and Human Rights and Ministry of Communication and Informatics) were only received on 4 January 2022. Accordingly, the merger was completed as of that date, and the Group lost control over IO in which the Group had 65% shareholding via Ooredoo Asia - its fully owned subsidiary, when the new board of directors came into effect.

On the same day of merger closing, CK Hutchison Group acquired a 50% shareholding in Ooredoo Hutchison Asia (“OHA”) (previously known as Ooredoo Asia). Following this restructuring, the Group and CK Hutchison Group each owns 50% of OHA, based on which Ooredoo Group and CK Hutchison Group now have joint control over 65.6% ownership stake in the merged Company via OHA.

The merger has resulted in the deconsolidation of IO and the recognition of the retained interest as investment in a joint venture with effective ownership of 32.8%.

Below is the carrying amounts of IO’s assets and liabilities as at the date of the merger:

	QR.’000
Property, plant and equipment	8,560,998
Intangible assets, goodwill and long-term prepayments	5,477,053
Right-of-use assets	3,051,059
Investment properties	56,816
Investment in associates and joint ventures	71,309
Financial assets – equity instruments	96,716
Other non-current assets	634,429
Deferred tax assets	171,518
Inventories	4,628
Contract costs	21,393
Trade and other receivables	1,403,152
Bank balances and cash	1,044,340
Assets held for sale	300,492
Total Assets	20,893,903
Loans and borrowings	4,343,615
Employees’ benefits	118,695
Lease liabilities	4,336,974
Deferred tax liabilities	267,962
Other non-current liabilities	974,244
Contract liabilities	49,679
Trade and other payables	4,127,166
Deferred income	694,829
Income tax payable	4,999
Liabilities directly associated with assets held for sale	5,149
Intercompany payables	10,756
Total Liabilities	14,934,068
Net assets	5,959,835
Non-controllinginterest	(1,206,108)
Carrying amount of net assets derecognised	4,753,727

6. OTHER LOSSES – NET (CONTINUED)

Below is the calculation of the gain on the deconsolidation:

Consideration received or receivable: Fair value of retained interest in Ooredoo Hutchison Asia* Cash received	*QR.’000*

	5,916,347
	1,409,261
Total consideration Carryingamount of net assets derecognised	7,325,608
	(4,753,727)
Gain on sale before recycling of foreign currency translation reserve Recyclingof foreign currencytranslation reserve	2,571,881
	(2,555,069)
Gain on deconsolidation	16,812

The fair value of the retained interest in Ooredoo Hutchison Asia is derived from the quoted price of IOH’s shares on the effective merger date with appropriate consideration and adjustment for a control premium. Management exercised judgement and the control premium applied was determined to be 40%, which is a level 2 valuation technique.

6.1 GAIN ON SALE OF TOWERS

	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 2022 2021 (Reviewed) (Reviewed) (Reviewed) (Reviewed)
Gain on sale of towers (i)	QR.’000 QR.’000 QR.’000 QR.’000 - - - 1,566,903

Refer to note 30 for details regarding certain reclassifications.

(i) On 30 March 2021, Indosat Ooredoo (seller-lessee) entered into a Sales and Purchase agreement for the sale of 4,247 telecommunication towers to PT EPID Menara AssetCo, (buyer-lessor) ultimately owned by Digital Colony. Furthermore, each party also entered into a lease agreement for one space each of 4,085 telecommunication towers for a 10 year period starting from the closing date of the transactions. On 18 May 2021, the Indosat Ooredoo and EPID closed the deal on the sale and leaseback transactions. As a result of these sale and leaseback transactions, a gain on sale recognised was QR 1.57 billion.

Significant judgment has been applied by management in assuming a 10-year lease term for the leased back assets. The management will continue to re-assess extension options and termination options only when a significant event or change in circumstances occurs that is within the control of Indosat Ooredoo.

7. BASIC AND DILUTED EARNINGS PER SHARE

Basic earnings per share is calculated by dividing the earnings for the period attributable to the shareholders of the parent by the weighted average number of shares outstanding during the period.

There were no potentially dilutive shares outstanding at any time during the period and, therefore, the dilutive earnings per share is equal to the basic earnings per share.

	For the three-month period	For the nine-month period
	ended30 September	ended30 September
	2022 2021 (Reviewed) (Reviewed)	2022 2021 (Reviewed) (Reviewed)
Profit/(loss) for the period attributable to shareholders of theparent(QR.’000)	574,021 196,646	2,048,696 (759,551)
Weighted average number of shares(In ’000)	3,203,200 3,203,200	3,203,200 3,203,200
Basic and diluted earnings / (loss) per share (QR)	0.18 0.06	0.64 (0.24)

PROPERTY, PLANT AND EQUIPMENT

	30 September 2022 31 December 2021 (Reviewed) (Audited)
Net book value at beginning of the period/year Derecognition of previously held interest in a subsidiary Additions Disposals Reclassification Depreciation for the period/year Impairment made during the period/year Related to assets held for sale Exchange adjustments	QR.’000 QR.’000 14,868,664 26,120,103 - (115,711) 1,489,957 4,736,420 (12,081) (214,538) (62,514) (226,727) (2,225,643) (5,309,905) - (733,539) - (8,560,998) (255,215) (826,441)
Carrying value at the end of the period/year	13,803,168 14,868,664

INTANGIBLE ASSETS, GOODWILL AND LONG-TERM PREPAYMENTS

	30 September 2022 31 December 2021 (Reviewed) (Audited)
Net book value at beginning of the period/ year Additions Disposals Reclassification from property, plant and equipment Amortisation for the period/ year Impairment during the period/ year Related to assets held for sale Exchange adjustment	QR.’000 QR.’000 18,088,422 26,454,938 85,795 407,723 (3,092) (777) 62,514 121,082 (774,357) (1,455,566) - (1,085,698) - (5,477,053) (751,039) (876,227)
Carryingvalue at the end of theperiod/year	16,708,243 18,088,422

10. RIGHT-OF-USE ASSETS

The Group leases numerous assets including land and buildings, exchange and network assets, subscriber apparatus and other equipment, and Indefeasible rights-of-use (IRU) assets. The lease term ranges from 2 to 20 years (2021: 2 to 20 years).

	30 September 2022 31 December 2021 (Reviewed) (Audited)
Net book value at beginning of the period/ year Derecognition of previously held interest in a subsidiary Additions Disposals Amortisation during the period/ year Reclassification to property, plant and equipment Reduction on early termination Impairment during the period/ year Related to assets held for sale Exchange adjustments	QR.’000 QR.’000 2,860,655 6,710,353 - (7,436) 189,083 1,899,342 - (217,102) (412,879) (1,195,776) - (37,897) (29,540) (123,413) - (581,227) - (3,051,059) (139,054) (535,130)
Carryingvalue at the end of theperiod/ year	2,468,265 2,860,655

11. INVESTMENT IN ASSOCIATES AND JOINT VENTURES

The following table presents the summarised financial information of the Group’s investment in associates and joint ventures.

associates and joint ventures.
		30 September		31 December
		2022		2021
		(Reviewed)		(Audited)
	QR.’000	QR.’000	QR.’000	QR.’000
	Ooredoo
Group’s share in associates and joint	Hutchison
ventures statement of financial position:	Asia	Others	Total
Current assets	1,265,607	1,283,141	2,548,748	1,312,353
Non-current assets	11,985,765	2,356,828	14,342,593	2,440,787
Current liabilities	(4,453,309)	(767,063)	( 5,220,372 )	(776,661)
Non-current liabilities	(6,624,838)	(2,149,736)	( 8,774,574 )	(2,238,396)
Net assets	2,173,225	723,170	2,896,395	738,083
Goodwill	3,495,534	853,628	4,349,162	908,071
Carryingamount of the investment	5,668,759	1,576,798	7,245,557	1,646,154

	For the nine-month period ended 30 September 2022 2021 Ooredoo Hutchison Asia Others Total (Reviewed) (Reviewed) (Reviewed) (Reviewed)	For the nine-month period ended 30 September 2022 2021 Ooredoo Hutchison Asia Others Total (Reviewed) (Reviewed) (Reviewed) (Reviewed)	For the nine-month period ended 30 September 2022 2021 Ooredoo Hutchison Asia Others Total (Reviewed) (Reviewed) (Reviewed) (Reviewed)
		2022
	Ooredoo
	Hutchison
	Asia	Others
	(Reviewed)	(Reviewed)
Share in revenues of associates and joint ventures	QR.’000	QR.’000	QR.’000 QR.’000 3,998,935 1,065,795


	2,824,065	1,174,870
Share in results of associates and joint ventures			300,090 45,786
	282,526	17,564

The carrying amount of equity-accounted investments has changed as follows in the nine months to September 2022:

	30 September	31 December
	2022	2021
	(Reviewed)	(Audited)
	QR.’000	QR.’000
At 1 January	1,646,154	1,695,507
Additions	5,916,347	809
Share of results for the period/year	300,090	80,462
Other comprehensive loss	(459,499)	(40,425)
Change in non-controlling interest	-	1,348
Dividend received	(157,534)	(18,854)
Related to liability assets for sale	-	(71,309)
Exchange adjustment	(1)	(1,384)
	7,245,557	1,646,154

As a result of the merger that took place on 4 January 2022 between IO and PT Hutchison 3 Indonesia (note 6), the Group deconsolidated IO and recognised the retained interest as an investment in a joint venture. A 'Notional Purchase Price Allocation' (NPPA) has been undertaken at the Group level. As the deal was only finalised on 4 January 2022, provisional figures were used at 30 September 2022.

12. FINANCIAL ASSETS – EQUITY INSTRUMENTS

12. FINANCIAL ASSETS–EQUITY INSTRUMENTS
	30 September	31 December
	2022	2021
	(Reviewed)	(Audited)
	QR.’000	QR.’000
Investment in equity instruments designated at
FVTOCI (i)	659,922	682,195
Financial assets measured at FVTPL	24,391	3,883
	684,313	686,078

(i) The Group’s financial assets comprise of investment in a telecommunication related company with fair value of QR. 451,690 thousand (2021: QR. 422,242 thousand), investment in venture capital funds and other private equity funds. The investment in hedge funds is accounted for at fair value through the statement of profit or loss (FVTPL).

Other investments are accounted for at fair value through other comprehensive income (FVTOCI). The Group has elected to designate these investments in equity instruments as at FVTOCI as these investments are held for medium to long-term strategic purposes and not held for trading.

Further, management believes that recognising short-term fluctuations in the fair value of these investments in the condensed consolidated interim statement of profit or loss would not be consistent with the Group’s strategy.

Further information about the fair value of these investments is disclosed in Note 28.

13. TRADE AND OTHER RECEIVABLES

	30 September	31 December
	2022	2021
	(Reviewed)	(Audited)
	QR.’000	QR.’000
Trade receivables – net of impairment allowances	2,750,182	2,469,067
Other receivables – net of impairment allowances and prepayments	1,666,806	1,534,498
Contract assets – net of impairment allowances	145,107	122,660
Unbilled subscriber revenue – net of impairment allowances	774,688	675,186
Amounts due from international carriers – net of impairment
allowance	475,896	449,899
Positive fair value of derivative contracts(Note 28)	3,072	-
	5,815,751	5,251,310

BANK BALANCES AND CASH For the purpose of the condensed consolidated interim statement of cash flows, cash and cash equivalents comprise the following items:

equivalents comprise the following items:
	30 September 2022 30 September 2021 (Reviewed) (Reviewed)
Bank balances and cash – net of impairment allowance Less: deposits with maturity more than three months Less: restricted deposits	QR.’000 QR.’000 12,212,975 13,744,672 (318,427) (125,416) (729,009) (710,524)
Cash and cash equivalents as per condensed consolidated interim statement of cash flows	11,165,539 12,908,732

Balances with banks are assessed to have low credit risk of default since these banks are highly regulated by the central banks of the respective countries. Accordingly, the Group estimates the loss allowance on balances with banks at the end of the reporting period at an amount equal to 12-month ECL. None of the balances with banks at the end of the reporting period are past due and taking into account the historical default experience and the current credit ratings of the banks, the Group has recorded an impairment loss of QR. 867 thousand during the period ended 30 September 2022 (2021: QR. 31,893 thousand).

The principal non-cash transactions during the period ended 30 September 2022 comprise mainly of (i) acquisition of property, plant, and equipment of QR. 667,285 thousand and (ii) proceeds from the disposal of financial assets satisfied by the receipt of shares of QR. 62,381 thousand.

15. TRANSLATION RESERVE

The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. During the current period, the movement was mainly coming from the Kuwaiti Dinar, Tunisian Dinar, and Algerian Dinar. In addition, the translation reserve decreased significantly as a result of the deconsolidation of the Indosat Ooredoo (Note 6).

16. DIVIDEND

	For the nine-month period	For the nine-month period
	ended 30 September
	2022	2021 (Reviewed)
	(Reviewed)
Dividend declared and approved at the Annual General Meeting: Final Dividend for 2021, QR 0.30 per share (2020:QR o.25 per share)	QR.’000	QR.’000 800,800


	960,960
17. LOANS AND BORROWINGS		31 December 2021 (Audited)
	30 September
	2022
	(Reviewed)
Loans and borrowings Interest payable Less: deferred financingcosts	QR.’000	QR.’000 19,763,845 182,360 (177,750)

	18,069,548
	201,389
	(146,193)
	18,124,744	19,768,455

17. LOANS AND BORROWINGS

Presented in the condensed consolidated interim statement of financial position as follows:

	30 September	31 December 2021 (Audited)
	2022
	(Reviewed)
Non-current portion Currentportion	QR.’000	QR.’000 18,943,487 824,968

	13,735,028
	4,389,716
	18,124,744	19,768,455

The fair value of the Group’s loans and borrowings, which include loans and borrowings carried at fixed rates and floating rates, amounted to QR. 17,095,968 thousand as at 30 September 2022 (2021: QR. 20,900,496 thousand).

At 30 September 2022, a USD 1 billion bond maturing in February 2023 is now classified under the current portion (31 December 2021: non-current portion).

OTHER NON-CURRENT LIABILITIES

	30 September	31 December
	2022	2021*
	(Reviewed)	(Audited)
	QR.’000	QR.’000
License cost payables**	555,573	693,301
Others***	111,054	53,002
	666,627	746,303

Refer to note 30 for details regarding certain reclassifications.

** License cost payables movement is due to amounts paid to Telecom regulators in Oman for license charges.

*** Others mainly include long-term procurement payables.

19. TRADE AND OTHER PAYABLES

	30 September	31 December
	2022	2021*
	(Reviewed)	(Audited)
	QR.’000	QR.’000
Trade payables	1,140,531	1,328,942
Accrued expenses	4,277,860	4,590,981
Payables to Communication regulatory authority	683,117	947,194
Amounts due to international carriers - net	504,831	482,285
License cost payable	157,491	153,696
Negative fair value of derivatives	60,983	110,531
Long term incentive points-based payments	79,818	90,812
Otherpayables	564,003	619,014
	7,468,634	8,323,455

Refer to note 30 for details regarding certain reclassifications.

20. LEASE LIABILITIES

30 September 2022 31 December 2021 (Reviewed) (Audited)	30 September 2022 31 December 2021 (Reviewed) (Audited)	30 September 2022 31 December 2021 (Reviewed) (Audited)
QR.’000 QR.’000 Carrying value at beginning of the period/ year 4,187,176 7,360,403 Deconsolidation of a subsidiary - (118,487) Additions during the period/ year 189,083 2,598,496 Interest expense on lease liability 193,599 638,639 Principal element of lease payments (566,800) (1,084,254) Payment of interest portion of lease liability (101,026) (555,687) Reduction on early termination (32,968) (134,222) Relating to liability held for sale - (4,336,974) Exchange adjustments (165,964) (180,738)
Carryingvalue at the end of theperiod/ year 3,703,100 4,187,176
30 September 2022 31 December 2021 (Reviewed) (Audited)
QR.’000 QR.’000 Non-current portion 3,038,234 3,557,607 Currentportion 664,866 629,569
3,703,100 4,187,176
The Group does not face a significant liquidity risk with regard to its lease liabilities. The maturity profile of lease liabilities is monitored by the Group’s treasury function. 30 September 2022 31 December 2021 (Reviewed) (Audited)
	30 September
	2022
	(Reviewed)
Contractual maturity analysis Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years Less: unearned finance income	QR.’000	QR.’000 889,725 3,058,689 1,604,390 (1,365,628)

	893,824
	2,658,842
	1,230,507
	(1,080,073)
	3,703,100	4,187,176

The Group does not face a significant liquidity risk with regard to its lease liabilities. The maturity profile of lease liabilities is monitored by the Group’s treasury function.

COMPONENTS OF OTHER COMPREHENSIVE INCOME

21. COMPONENTS OF OTHER COMPREHENSIVE INCOME	21. COMPONENTS OF OTHER COMPREHENSIVE INCOME
For the three-month period ended 30 September 2022 2021 (Reviewed) (Reviewed)		For the nine-month period
		ended 30 September
		2022 2021 (Reviewed) (Reviewed)
QR.’000 QR.’000 *Items that may be* *reclassified subsequently* *to profit or loss* *Cash flow hedges* Gain arisingduringtheperiod 796 1,121		QR.’000 QR.’000 5,447 4,495
Share of changes in fair value of cash flow hedges 15,222 6,706		19,925 (4,809)
*Foreign currency* *translation reserve* Recycling of foreign currency translation reserve on deconsolidation of a subsidiary - -		2,555,069 -
Foreign exchange translation differences – foreign operations (650,009) (28,096)		(1,196,724) (808,621)
*Items that will not be* *reclassified subsequently* *to profit or loss* *Fair value reserve* Net changes in fair value of equity investments at fair value through other comprehensive income 33,133 32,720		41,508 51,326
*Employees benefit reserve* Net movement in employees benefit reserve 1,083 14,915 Deferred tax effect - (5,703)		1,083 26,326 - (7,526)
Other comprehensive income/(loss) for the period – net of tax	1,083 9,212 (599,775) 21,663	1,083 18,800 1,426,308 (738,809)

22. INCOME TAX

The income tax represents amounts recognised by the subsidiaries. The major components of the income tax expense for the period included in the condensed consolidated interim statement of profit or loss are as follows:

	For the three-month period	For the nine-month period
	ended 30 September	ended 30 September
	2022 2021 (Reviewed) (Reviewed)	2022 2021 (Reviewed) (Reviewed)
Current income tax Current income tax charge Deferred income tax Relating to origination and reversal of temporary differences	QR.’000 QR.’000 127,606 146,534 (10,092) (29,942)	QR.’000 QR.’000 222,847 342,566 57,753 (67,790)
	117,514 116,592	280,600 274,776

23. IMPAIRMENT LOSSES ON GOODWILL AND OTHER NON-FINANCIAL ASSETS

As at 30 June 2021, and as a result of the political situation, the Group assessed its investment in Myanmar by comparing the recoverable amount (based on value in use calculations computed using cash flow projections) to the carrying value of the cash generating unit. The computations indicated that the recoverable amount of the investment is less than its carrying value and as a result an impairment charge of QR 2,252.1 million has been reflected in the consolidated statement of profit or loss.

As at 30 September 2022, the Group has performed an assessment to identify any impairment indicators during the period. The Group compared the achieved results to the approved budgets and cashflow projections. The assessment did not give rise to any additional impairment as at 30 September 2022. Management will monitor the performance of its investments and the market during the future reporting periods. Management is also considering exiting the Myanmar market in due course (Note 29).

24. COMMITMENTS, CONTINGENT LIABILITIES AND LITIGATIONS

	30 September	31 December
	2022	2021
	(Reviewed)	(Audited)
	QR.’000	QR.’000
Capital expenditure commitments
Estimated capital expenditure contracted for at the end of the
financial reporting period/ yearbut notprovided for	1,730,477	2,223,090
Letters of credit	219,297	221,927
	30 September	31 December
	2022	2021
	(Reviewed)	(Audited)
	QR.’000	QR.’000
Contingent liabilities
Letters ofguarantees	690,162	937,401
Claims against the Groupnot acknowledged as debts	15,822	15,822

Litigations

All other litigation positions reported in the Group’s annual consolidated financial statements as at 31 December 2021 have not materially changed as at 30 September 2022.

25. RELATED PARTY DISCLOSURES

Related parties represent associated companies including Government and semi-Government agencies, associates, major shareholders, directors and key management personnel of the Group, and companies of which they are principal owners. In the ordinary course of business, the Group enters into transactions with related parties. Pricing policies and terms of transactions are approved by the Group’s management. The Group enters into commercial transactions with Government related entities in the ordinary course of business in terms of providing telecommunication services, placement of deposits and obtaining credit facilities etc.

(a) Transactions with Government and related entities

As stated in Note 1, Qatar Holding L.L.C. is the Parent Company of the Group, which is controlled by Qatar Investment Authority. The Group enters into commercial transactions with the Government and other Government related entities in the ordinary course of business, which includes providing telecommunication services, placement of deposits and obtaining credit facilities. All these transactions are in the ordinary course of business at normal commercial terms and conditions. Following are the significant balances and transactions between the Company and the Government and other Government related entities.

(i) Trade receivables-net of impairment include an amount of QR 792,713 thousand (2021: QR. 563,081 thousand) receivable from Government and Government related entities.
(ii) The most significant amount of revenue from a Government related entity amounted to QR 99,183 thousand (2021: QR 105,546 thousand).
(iii) Industry fee pertains to the industry fee payable to CRA, a Government related entity.

In accordance with IAS 24 Related Party Disclosures, the Group has elected not to disclose transactions with the Qatar Government and other entities over which the Qatar Government exerts control, joint control or significant influence. The nature of transactions that the Group has with such related parties relates to provision of telecommunication services on normal commercial terms and conditions.

(b) Transactions with Directors and other key management personnel

Key management personnel comprise the Board of Directors and key members of management having authority and responsibility of planning, directing and controlling the activities of the Group.

The compensation and benefits related to Board of Directors and key management personnel amounted to QR 84,778 thousand for the three-month period ended 30 September 2022 (2021: QR 85,741 thousand) and QR 209,137 thousand for the nine-month period ended 30 September 2022 (2021: QR 259,872 thousand), and end of service benefits amounted to QR 2,778 thousand for the three-month period ended 30 September 2022 (2021: QR 4,394 thousand) and QR 8,623 thousand for the ninemonth period ended 30 September 2022 (2021: QR 11,581 thousand). The remuneration to the Board of Directors and key management personnel has been included under the caption “Employee salaries and associated cost”.

26. PROVISIONS

26. PROVISIONS
	30 September 2022			31 December 2021* (Audited) Current Non-current Total
		(Reviewed)

	Current	Non-current Total
				QR.’000	QR.’000	QR.’000
	QR.’000	QR.’000	QR.’000
Site restoration provision Otherprovisions(i)				- 575,359	211,530 -	211,530 575,359


	146	217,116	217,262

	426,104	-	426,104
	426,250	217,116	643,366	575,359	211,530	786,889

Refer to note 30 for details regarding certain reclassifications.

(i) Other provisions includes provisions relating to certain legal, commercial, and other regulatory related matters, including provisions relating to certain Group subsidiaries.

27. SEGMENT INFORMATION

Information regarding the Group’s reportable segments is set out below in accordance with “IFRS 8 Operating Segments”. IFRS 8 requires reportable segments to be identified on the basis of internal reports that are regularly reviewed by the Group’s chief operating decision maker (“CODM”), which is the “Board of Directors”, and used to allocate resources to the segments and to assess their performance.

The Group is mainly engaged in a single line of business, being the supply of telecommunications services and related products. The majority of the Group’s revenues, profits and assets relate to its operations in the MENA. Outside of Qatar, the Group operates through its subsidiaries and associates and major operations that are reported to the Group’s CODM are considered by the Group to be reportable segments. Revenue is attributed to reportable segments based on the location of the Group companies. Inter-segment sales are charged at arms’ length prices.

For management reporting purposes, the Group is organised into business units based on their geographical area covered, and has seven reportable segments as follows:

Ooredoo Qatar is a provider of domestic and international telecommunication services within the State of Qatar;
Asiacell is a provider of mobile telecommunication services in Iraq;
Ooredoo Hutchison Asia (“OHA”) (considered a major joint venture) is a provider of telecommunication services such as cellular services, fixed telecommunications, multimedia, data communication and internet services in Indonesia;
Ooredoo Oman is a provider of mobile and fixed telecommunication services in Oman;
Ooredoo Algeria is a provider of mobile and fixed telecommunication services in Algeria; 6. Ooredoo Myanmar is a provider of mobile and fixed telecommunication services in Myanmar; and
Others include some of the Group’s subsidiaries which are providers of wireless and telecommunication services.

NMTC group is a provider of mobile telecommunication services in Kuwait and elsewhere in the Middle East and North African (MENA) region. NMTC group includes balances and results of Ooredoo Kuwait, Ooredoo Tunisia, Ooredoo Algeria, Wataniya Palestine, Ooredoo Maldives PLC and others. In 2020, based on the recent information and circumstances, management reassessed and concluded that each of the mentioned entities represents a separate operating segment and should be assessed individually whether it meets the criteria of IFRS 8 Operating Segments, as a reportable segment. If not, such entity is reported as part of “Others”.

Management monitors the operating results of its operating subsidiaries separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss of these reportable segments. Transfer pricing between reportable segments is on an arm’s length basis in a manner similar to transactions with third parties.

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

SEGMENT INFORMATION (CONTINUED)

Operating segments

The following table presents revenue and profit information regarding the Group’s operating segments for the three-month period ended 30 September 2022 and 2021:

For the three-month period ended 30 September 2021 (Reviewed)

	Ooredoo		Ooredoo	Indosat	Ooredoo	Ooredoo		Adjustments and
	Qatar	Asiacell	Algeria	Ooredoo	Oman	Myanmar	Others	eliminations		Total
	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000		QR.’000
Revenue
Revenue from rendering of telecom
services	1,701,426	1,052,627	577,366	2,042,616	520,785	313,844	1,095,484	-		7,304,148
Sale of telecommunications
equipment	4,966	1,362	1,546	1,780	9,602	55	271,022	-		290,333
Revenue from use of assets by
others	4,476	-	-	538	6,114	424	2,506	-		14,058
Inter-segment	40,767	136	5,892	417	668	435	65,889	(114,204)		-
Total revenue	1,751,635	1,054,125	584,804	2,045,351	537,169	314,758	1,434,901	(114,204)	(i)	7,608,539
Timing of revenue recognition
At a point in time	41,850	1,362	1,546	1,780	9,602	55	271,022	(36,884)		290,333
Over time	1,709,785	1,052,763	583,258	2,043,571	527,567	314,703	1,163,879	(77,320)		7,318,206
	1,751,635	1,054,125	584,804	2,045,351	537,169	314,758	1,434,901	(114,204)		7,608,539
Results
Segmentprofit/(loss)before tax*	439,381	298,945	37,289	64,630	50,792	(429,859)	90,890	(103,023)	(ii)	449,045
Depreciation and amortisation	222,893	200,532	161,735	706,836	172,953	103,830	265,532	103,023	(iii)	1,937,334
Net finance costs	149,392	4,365	9,004	214,501	10,318	48,557	13,329	-		449,466

Segment profit/(loss) before tax is determined after deducting all expenses attributable to the segment including depreciation and amortisation and finance cost.

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

27. SEGMENT INFORMATION (CONTINUED) For the three-month period ended 30 September 2022 (Reviewed)

							Adjustments
	Ooredoo		Ooredoo	Ooredoo	Ooredoo		and		Total as
	Qatar	Asiacell	Algeria	Oman	Myanmar	Others	Eliminations		reported	OHA*
	QR.’000	QR.’000 QR.’000 QR.’000 QR.’000 QR.’000					QR.’000		QR.’000	QR.’000
Revenue
Revenue from rendering of telecom services 1,877,120		968,226	568,466	611,180	249,934	1,107,022	-		5,381,948	959,364
Sale of telecommunications
equipment	18,868	(1,181)	1,686	21,093	4	325,648	-		366,118	1,297
Revenue from use of assets by others Inter-segment	4,356 51,800	- 49	- 3,390	10,755 562	1,810 825	2,129 92,637	- (149,263)		19,050 -	311 -
Total revenue	1,952,144	967,094	573,542	643,590	252,573	1,527,436	(149,263)	(i)	5,767,116	960,972
Timing of revenue recognition
At a point in time	69,248	(1,181)	1,686	21,093	4	325,648	(50,380)		366,118	1,297
Over time	1,882,896	968,275	571,856	622,497	252,569	1,201,788	(98,883)		5,400,998	959,675
	1,952,144	967,094	573,542	643,590	252,573	1,527,436	(149,263)		5,767,116	960,972
Results
Segmentprofit/(loss) before tax **	617,522	233,565	77,199	81,542	(218,703)	90,827	(75,602)	(ii)	806,350	65,170
Depreciation and amortisation	240,037	191,066	144,095	175,667	77,165	232,201	75,602	(iii)	1,135,833	307,304
Net finance costs	127,239	3,077	5,231	9,614	40,729	10,111	-		196,001	98,758

Ooredoo Hutchison Asia (OHA) proportionate results are included in the segment analysis. As a result of the merger between IO and PT Hutchison 3 Indonesia (note 6), the Group deconsolidated IO and recognised its retained interest as an investment in a joint venture. The Group’s share of IOH operations is equal to 32.8% (note 11). ** Segment profit/(loss) before tax is determined after deducting all expenses attributable to the segment including depreciation and amortisation and finance cost.
(i) Inter-segment revenues are eliminated on consolidation.
(ii) Segment profit before tax does not include the following:

	For the three-month period
	ended30 September
Amortisation of intangibles	2022 2021 (Reviewed) (Reviewed) QR.’000 QR.’000 (75,602) (103,023)
	(75,602) (103,023)

(iii) Amortisation relating to additional intangibles identified from business combination was not considered as part of segment expense.

Ooredoo Q.P.S.C.

SEGMENT INFORMATION (CONTINUED)

Operating segments

The following table presents revenue and profit information regarding the Group’s operating segments for the nine-month period ended 30 September 2022 and 2021:

For the nine-month period ended 30 September 2021 (Reviewed)

	Ooredoo		Ooredoo	Indosat	Ooredoo	Ooredoo	Adjustments and	Adjustments and
	Qatar	Asiacell	Algeria	Ooredoo	Oman	Myanmar	Others	eliminations		Total
	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000		QR.’000
Revenue
Revenue from rendering of telecom
services	5,190,547	2,749,779	1,683,472	5,809,660	1,658,228	787,367	3,169,033	-		21,048,086
Sale of telecommunications
equipment	46,117	5,151	2,925	5,211	56,053	2,463	857,145	-		975,065
Revenue from use of assets by
others	13,297	-	-	49,512	18,387	5,840	7,406	-		94,442
Inter-segment	176,675	280	15,307	697	2,070	3,632	222,429	(421,090)		-
Total revenue	5,426,636	2,755,210	1,701,704	5,865,080	1,734,738	799,302	4,256,013	(421,090)	(i)	22,117,593
Timing of revenue recognition
At a point in time	210,546	5,151	2,925	5,211	56,053	2,463	889,203	(196,487)		975,065
Over time	5,216,090	2,750,059	1,698,779	5,859,869	1,678,685	796,839	3,366,810	(224,603)		21,142,528
	5,426,636	2,755,210	1,701,704	5,865,080	1,734,738	799,302	4,256,013	(421,090)		22,117,593
Results
Segmentprofit/(loss) before tax*	1,500,012	673,014	76,630	1,504,670	196,381	(3,669,529)	353,483	(314,623)	(ii)	320,038
Depreciation and amortisation	669,154	596,943	499,696	2,101,078	516,689	512,468	783,676	314,623	(iii)	5,994,327
Net finance costs	471,753	10,707	33,295	632,846	30,658	152,303	42,108	-		1,373,670

Segment profit/(loss) before tax is determined after deducting all expenses attributable to the segment including depreciation and amortisation and finance cost.

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

27. SEGMENT INFORMATION (CONTINUED) For the nine-month period ended 30 September 2022 (Reviewed)

							Adjustments
	Ooredoo		Ooredoo	Ooredoo	Ooredoo		and		Total as
	Qatar	Asiacell	Algeria	Oman	Myanmar	Others	eliminations		reported	OHA*
	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000	QR.’000		QR.’000	QR.’000
Revenue
Revenue from rendering of telecom services	5,515,539	2,712,630	1,639,360	1,752,890	789,887	3,234,378	-		15,644,684	2,817,454
Sale of telecommunications
equipment	34,512	2	5,261	89,274	297	1,032,636	-		1,161,982	2,705
Revenue from use of assets by others	13,418	-	-	21,511	5,367	6,542	-		46,838	3,906
Inter-segment	174,915	130	14,160	2,023	2,095	287,950	(481,273)		-	-
Total revenue	5,738,384	2,712,762	1,658,781	1,865,698	797,646	4,561,506	(481,273)	(i)	16,853,504	2,824,065
Timing of revenue recognition
At a point in time Over time	201,910 5,536,474	2 2,712,760	5,261 1,653,520	89,274 1,776,424	297 797,349	1,038,127 3,523,379	(172,889) (308,384)		1,161,982 15,691,522	2,705 2,821,360
	5,738,384	2,712,762	1,658,781	1,865,698	797,646	4,561,506	(481,273)		16,853,504	2,824,065
Results
Segmentprofit/(loss) before tax**	1,634,005	586,833	167,215	246,094	(307,331)	545,286	(227,695)	(ii)	2,644,407	385,715
Depreciation and amortisation	689,335	590,580	443,651	517,690	250,542	702,947	227,695	(iii)	3,422,440	950,360
Net finance costs	395,095	5,757	15,441	30,080	119,886	32,209	-		598,468	306,626

Ooredoo Hutchison Asia (OHA) proportionate results are included in the segment analysis. As a result of the merger between IO and PT Hutchison 3 Indonesia (note 6), the Group deconsolidated IO and recognised its retained interest as an investment in a joint venture. The Group’s share of IOH operations is equal to 32.8% (note 11).

** Segment profit/(loss) before tax is determined after deducting all expenses attributable to the segment including depreciation and amortisation and finance cost.

(i) Inter-segment revenues are eliminated on consolidation.
(ii) Segment profit before tax does not include the following:

		For the nine-month period
		ended30 September
		2022 2021
		(Reviewed) (Reviewed)
		QR.’000 QR.’000
Amortisation of intangibles		(227,695) (314,623)
		(227,695) (314,623)
(iii)	Amortisation relatingto additional intangibles identified	from business combination was not considered aspart of segment expense.

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022

Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

27. SEGMENT INFORMATION (CONTINUED)

The following table presents segment assets of the Group’s operating segments as at 30 September 2022 and 31 December 2021.

Adjustments Ooredoo Ooredoo Indosat Ooredoo Ooredoo and Total as Qatar Asiacell Algeria Ooredoo Oman Myanmar Others eliminations reported OHA QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 QR.’000 Segment assets (i) At 30 September 2022 (Reviewed) 18,138,363 5,233,932 3,342,924 - 4,131,467 2,044,086 15,576,640 11,843,480 60,310,892 9,945,289 At 31 December 2021 (Audited) 16,854,963 6,034,345 3,591,916 16,871,064 4,355,850 2,754,591 10,255,353 16,639,446 77,357,528 - Capital expenditure (ii) At 30 September 2022 (Reviewed) 454,994 238,110 245,590 - 254,570 51,063 331,425 - 1,575,752 562,718* At 31 December 2021 (Audited) 802,886 993,485 297,173 1,760,779 501,693 141,541 646,586 - 5,144,143 -

Ooredoo Hustchison Asia (OHA) proportionate results are included in the segment analysis. As a result of the merger between IO and PT Hutchison 3 Indonesia (note 6), the Group deconsolidated IO and recognised its retained interest as an investment in a joint venture. The Group’s share of IOH operations is equal to 32.8% (note 11).
(i) Goodwill and other intangibles arising from business combinations amounting to QR 11,843,480 thousand (31 December 2021: QR 16,639,446 thousand) were not considered as part of segment assets.
(ii) Capital expenditure consists of additions to property, plant and equipment and intangibles excluding goodwill and assets from business combinations.

FAIR VALUES OF FINANCIAL INSTRUMENTS

Fair value hierarchy

The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

Quoted (unadjusted) prices in active markets for identical assets Level 1: or liabilities that the Group can access at the measurement date; Inputs other than quoted prices included within level 1 that are observable for the assets or liability, either directly or indirectly; Level 2: and Level 3: Unobservable inputs for the asset or liability.

The following table provides the fair value measurement hierarchy of the Group’s financial asset and liabilities at 30 September 2022 and 31 December 2021:

	30 September
	2022 Level 1 Level 2 Level 3
	(Reviewed) (Reviewed) (Reviewed) (Reviewed)
	QR.’000 QR.’000 QR.’000 QR.’000
Assets
Financial assets measured at
fair value
FVTOCI 659,922 937 17,844 641,141
FVTPL 24,391 23,236 1,155 -
Derivative financial instruments 3,072 - 3,072 -
687,385 24,173 22,071 641,141

Liabilities
Other financial liabilities
measured at fair value
Derivative financial instruments 60,983 - 60,983 -

Other financial liability for
which fair value is disclosed
Loans andborrowings 17,095,968 - 17,095,968 -
17,156,951 - 17,156,951 -

FAIR VALUES OF FINANCIAL INSTRUMENTS (CONTINUED)

	31 December
	2021	Level 1	Level 2	Level 3
	(Audited)	(Audited)	(Audited)	(Audited)
	QR.’000	QR.’000	QR.’000	QR.’000
Assets
Financial assets measured at fair
value
FVTOCI	682,195	-	-	682,195
FVTPL	3,883	-	3,883	-
Derivative financial instruments	-	-	-	-
	686,078	-	3,883	682,195
Liabilities
Other financial liabilities
measured at fair value
Derivative financial instruments	110,531	-	110,531	-
Other financial liability for which
fair value is disclosed
Loans andborrowings	20,900,496	-	20,900,496	-
	21,011,027	-	21,011,027	-

There were no transfers among Levels 1, 2, and 3 for the nine-month period ended 30 September 2022 and for the year ended 31 December 2021.

At 30 September 2022, the Group has notes with a fair value of QR. 14,501,796 thousand (2021: 16,611,437 thousand). The notes are listed on the Irish bond market and the fair value of these instruments is determined by reference to quoted prices in this market. The market for these bonds is not considered to be liquid and consequently the fair value measurement is categorised within level 2 of the fair value hierarchy.

For fair value measurements categorised within Level 2 and 3 of the fair value hierarchy, the fair values are determined using appropriate valuation techniques, which include the use of mathematical models, such as discounted cash flow models and option pricing models, comparison to similar instruments for which market observables prices exist and other valuation techniques. Valuation techniques incorporate assumptions regarding discount rates, estimates of future cash flows and other factors.

The following table summarises the quantitative information about the significant unobservable inputs used in level 3 fair value measurements for the individually significant investment:

	Fair value at 30	Unobservable	Value of	Relationship of unobservable
Description	September 2022	inputs	inputs	inputs to fair value
	QR.’000
				A change in the EV/EBITDA by 10%
				would increase/decrease the fair value
FVTOCI	451,690	EV/EBITDA	8.203 times	by QAR 41,347 thousand

29. SIGNIFICANT ARRANGEMENT

On 8 September 2022, the Group announced that it has entered into an agreement to sell 100 percent of its equity in Ooredoo Asian Investments Pte Ltd. (Singapore) (“OAI”), the parent company that owns 100 percent of Ooredoo Myanmar Ltd. (“OML”), and 100 percent of Ooredoo Myanmar Fintech Ltd. (“OMFL”) to Nine Communications Pte. Ltd. (“Buyer”) for an enterprise value of approximately USD 576 million (QAR 2,097 million) and total equity consideration of USD 162 million (QAR 590 million). The transaction has been approved by the board of directors of the Group and of Nine Communications Pte. Ltd, and remains subject to customary closing conditions, including regulatory approvals in Myanmar. As completion of the proposed transaction is conditional on the satisfaction or waiver of certain legal and regulatory conditions, there remains a possibility that the proposed transaction may not proceed. Management has exercised significant judgement and has determined that not all held for sale criteria in accordance with IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations' are met as at the end of the reporting period. Consequently, the Group continues to consolidate its subsidiary in Myanmar and OML has not been classified as held for sale in this condensed consolidated interim financial information as at 30 September 2022.

30. COMPARATIVE INFORMATION

The Group performed an exercise to determine if the presentation of the condensed consolidated interim financial information is in accordance with IAS 1 “Presentation of financial statements”. This exercise resulted in reclassification of certain line items in the condensed consolidated interim financial information. The comparative figures have been reclassified in order to conform with the presentation for the current period. Such reclassifications have been made by the Group to improve the quality of information presented and did not have any impact on the previously reported equity and profits.

Below is a summary of significant reclassifications made during the period:

Nine-month period ended 30 September 2021

	Previous	Reclassification	Current	Notes
	QR.’000	QR.’000	QR.’000
Condensed consolidated interim statement of profit or loss for the nine-month period
ended 30 September	2021
Other losses - net	402,157	(1,566,903)	(1,164,746)	Reclassification of the gain on sale of towers to a
Gain on sale of towers	-	1,566,903	1,566,903	separatelineitem
Total	402,157	-	402,157

30. COMPARATIVE INFORMATION (CONTINUED)

		As at 31 December	As at 31 December
			Reclassification
		Reclassification	of financial
	Previous	of current/non- current	statement line item		Current		Notes
	QR.’000	QR.’000		QR.’000	QR.’000
Consolidated statement of financial position as at 31 December 2021
Trade and other							Reclassification of the
payables	8,943,056	(44,242)		(575,359)	8,323,455		provision for site restoration from trade
Other non-current							and other payables to other non-current
liabilities	913,591	44,242		(211,530)		746,303	liabilities.
							Reclassification of the
							provisions amount
							recorded in the trade
Provisions – Current	-		-	575,359		575,359	and other payables
							and other non-current
							liabilities to be a
							separate line item in
Provisions – Non-							the statement of
current	-		-	211,530		211,530	financial position.
							Reclassification of the
Other non-current							advances on
assets Trades and other	184,744		-	49,455		234,199	purchases of PPE from trades and other receivables to other
receivables	5,300,765		-	(49,455)	5,251,310		non-current assets.
Total	15,342,156		-	-	15,342,156

The effects of the reclassifications in the tables above have accordingly been mirrored in the comparative period’s condensed consolidated interim statement of cash flows with no impact on net cash generated from operating activities, net cash used in investing activities or net cash used in financing activities.

AI assistant

OOREDOO — Interim / Quarterly Report 2022

66579_rns_2022-10-26_72ac9a32-7f53-4be2-a8ee-24b95570229f.pdf

Ooredoo Q.P.S.C. Doha - Qatar

REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF OOREDOO Q.P.S.C.

Introduction

Scope of review

Conclusion

Waleed Tahtamouni

CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS

CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

Ooredoo Q.P.S.C.

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

Ooredoo Q.P.S.C.

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY (CONTINUED)

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS (CONTINUED)

1. REPORTING ENTITY

2. BASIS OF PREPARATION

2. BASIS OF PREPARATION (CONTINUED)

Judgments, estimates and risk management

3. SIGNIFICANT ACCOUNTING POLICIES

4. REVENUE

5. NETWORK, INTERCONNECT AND OTHER OPERATING EXPENSES

6. OTHER LOSSES – NET (CONTINUED)

(i) Merger between Indosat Ooredoo (“IO”) and PT Hutchison 3 Indonesia

6. OTHER LOSSES – NET (CONTINUED)

7. BASIC AND DILUTED EARNINGS PER SHARE

10. RIGHT-OF-USE ASSETS

11. INVESTMENT IN ASSOCIATES AND JOINT VENTURES

12. FINANCIAL ASSETS – EQUITY INSTRUMENTS

13. TRADE AND OTHER RECEIVABLES

15. TRANSLATION RESERVE

16. DIVIDEND

17. LOANS AND BORROWINGS

19. TRADE AND OTHER PAYABLES

20. LEASE LIABILITIES

22. INCOME TAX

23. IMPAIRMENT LOSSES ON GOODWILL AND OTHER NON-FINANCIAL ASSETS

24. COMMITMENTS, CONTINGENT LIABILITIES AND LITIGATIONS

Litigations

25. RELATED PARTY DISCLOSURES

(a) Transactions with Government and related entities

(b) Transactions with Directors and other key management personnel

26. PROVISIONS

27. SEGMENT INFORMATION

Ooredoo Q.P.S.C.

Operating segments

For the three-month period ended 30 September 2021 (Reviewed)

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

27. SEGMENT INFORMATION (CONTINUED) For the three-month period ended 30 September 2022 (Reviewed)

Ooredoo Q.P.S.C.

Operating segments

For the nine-month period ended 30 September 2021 (Reviewed)

Ooredoo Q.P.S.C.

Condensed consolidated interim financial information for the nine-month period ended 30 September 2022 Notes to the condensed consolidated interim financial information (All amounts are expressed in Qatari Riyals unless otherwise stated)

27. SEGMENT INFORMATION (CONTINUED) For the nine-month period ended 30 September 2022 (Reviewed)

Ooredoo Q.P.S.C.

27. SEGMENT INFORMATION (CONTINUED)

Fair value hierarchy

29. SIGNIFICANT ARRANGEMENT

30. COMPARATIVE INFORMATION

30. COMPARATIVE INFORMATION (CONTINUED)

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OOREDOO Interim / Quarterly Report 2022