POWERING A THRIVING FUTURE

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TAQA Annual Report 2020POWERING A THRIVING FUTUREAnnual Report 2020Our Business 1-11About Us 12020 Operational Highlights 4At a Glance 6Business Model 10Strategic Review 12-19Chairman s Statement 12Group CEO & Managing Director s Statement 14Strategic Review 16Operational Review 20-33Generation 20Transmission and Distribution 22Oil and Gas 24Health, Safety, Security and Environment 26Our People 28Corporate Social Responsibility 30Financial Review 34-35Financial Highlights 34Control Environment 36-47Board of Directors 36Executive Management 38Corporate Governance 40Financial Statements 48-120Report of the Board of Directors 48Proforma Financial Information 50Proforma Consolidated Statement of Profit or Loss 51Proforma Consolidated Statement of Financial Position 52Independent Auditor s Report 53Consolidated Statement of Profit or Loss 56Consolidated Statement of Comprehensive Income 57Consolidated Statement of Financial Position 58Consolidated Statement of Changes in Equity 60Consolidated Statement of Cash Flows 61Notes to the Consolidated Financial Statements 63Glossary

Abu Dhabi Water and Electricity Authority owning interests in power and water assets in the UAE, and listed on the Abu Dhabi Stock Exchange. 2010 Acquired interest of Abu Dhabi Water and Electricity Authority in Sohar Aluminium Company LLC, Oman. 2009 TAQA began operating the Brent System oil pipelines in the UK, commenced expansion into

  Electricity, Oman