Consolidated Statement of Cash Flows

For the years ended 31 December	Notes	2021 (SAR ’000)	2020 (SAR ’000)
Cash flows from operating activities
Income before Zakat		16,444,790	11,813,619
Adjustments to reconcile net income to net cash from/(used in) operating activities:
Loss/(gain) on investments held at fair value through statement of income (FVSI)	19	37,897	(33,441)
Depreciation and amortisation	8	1,116,280	1,080,171
Depreciation on investment properties	9	25,652	37,977
(Gain) on sale of property and equipment, net	19	(47,511)	(10,256)
Impairment charge for financing and other financial assets, net	7	2,345,086	2,165,740
Share in profit of an associate	19	(32,030)	(42,944)
(Increase)/decrease in operating assets
Statutory deposit with SAMA and other central banks		(5,343,990)	(2,796,037)
Due from banks and other financial institutions		4,345,399	9,846,917
Financing		(139,463,642)	(68,195,037)
FVSI investments		(585,805)	(4,615,776)
Other assets, net		(2,889,081)	(609,530)
Increase/(decrease) in operating liabilities
Due to banks and other financial institutions		7,188,079	8,544,457
Customers’ deposits		129,441,210	70,225,180
Other liabilities		9,457,298	(958,351)
Zakat paid	37	(2,086,251)	(2,032,674)
Net cash generated from operating activities		19,953,381	24,420,015
Cash flows from investing activities
Purchase of property and equipment	8	(2,386,485)	(945,685)
Proceeds from disposal of property and equipment		886,701	48,234
Purchase of FVOCI investments		(2,342,405)	(2,528,010)
Proceeds from disposal of FVOCI investments		178,363	163,231
Proceeds from maturities of investments held at amortised cost		7,852,423	23,898,760
Purchase of investments held at amortised cost		(28,691,735)	(29,548,322)
Net cash used in investing activities		(24,503,138)	(8,911,792)
Cash flows from financing activities
Dividends paid	23	(6,000,000)	(3,750,000)
Payment against lease obligation		(37,357)	(42,261)
Net cash used in financing activities		(6,037,357)	(3,792,261)
Net (decrease)/increase in cash and cash equivalents		(10,587,114)	11,715,962
Cash and cash equivalents at the beginning of the year		32,827,361	21,111,399
Cash and cash equivalents at end of the year	24	22,240,247	32,827,361
Gross financing and investment income received during the year		21,446,997	17,579,469
Return on customers’, banks’ and financial institutions’ time investments paid during the year		(417,115)	(147,912)
		21,029,882	17,431,557
Non–cash transactions:
Net change in fair value of FVOCI equity investments		399,339	254,222
Share in OCI from associate		24,044	–

The accompanying Notes from 1 to 40 form an integral part of these consolidated financial statements.