ANNUAL REPORT 2020

Consolidated Statement of Changes in Shareholders’ Equity

 

For the years ended 31 December Notes Share capital
(SAR ’000)
Statutory reserve
(SAR ’000)
Other reserves
(SAR ’000)
Retained earnings
(SAR ’000)
Proposed gross dividends
(SAR ’000)
Total

(SAR ’000)
2020
Balance at 31 December 2019 25,000,000 21,789,632 (216,041) 868,066 3,750,000 51,191,657
Net income for the year 10,595,548 10,595,548
Net change in fair value of
FVOCI investments
15 254,222 254,222
Exchange difference on translation
foreign operations
15 6,696 6,696
Re-measurement of employee
EOSB liabilities
15 & 25 (179,605) (179,605)
Net other comprehensive income
recognised directly in
shareholders’ equity
81,313 81,313
Total comprehensive income for the year 81,313 10,595,548 10,676,861
Transfer to statutory reserve 23 3,210,368 (3,210,368)
Dividend for the second half 2019 (3,750,000) (3,750,000)
Balance at 31 December 2020 25,000,000 25,000,000 (134,728) 8,253,246 58,118,518
2019
Restated balance at 31 December 2018 16,250,000 16,250,000 (349,555) 12,499,171 3,656,250 48,305,866
Net income for the year 10,158,527 10,158,527
Net change in fair value of
FVOCI investments
15 178,773 178,773
Exchange difference on translation
foreign operations
15 6,371 6,371
Re-measurement of employee
EOSB liabilities
15 & 25 (51,630) (51,630)
Net other comprehensive income
recognised directly in
shareholders’ equity
133,514 133,514
Total comprehensive income for the year 133,514 10,158,527 10,292,041
Transfer to statutory reserve 5,539,632 (5,539,632)
Bonus shares issued 14 8,750,000 (8,750,000)
Dividend for the second half 2018 (3,656,250) (3,656,250)
Interim dividends for the first half of 2019 23 (3,750,000) (3,750,000)
Proposed final dividends for 2019 23 (3,750,000) 3,750,000
Balance at 31 December 2019 25,000,000 21,789,632 (216,041) 868,066 3,750,000 51,191,657

The accompanying Notes from 1 to 39 form an integral part of these consolidated financial statements.

Chairman
Chief Executive Officer
Chief Financial Officer
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