ANNUAL REPORT 2020

Consolidated Statement of Income

 

For the years ended 31 December Notes 2020
(SAR ’000)
2019
(SAR ’000)
Income
Gross financing and investment income 17 17,377,963 16,962,583
Return on customers’, banks’ and financial institutions’ time investments 17 (464,946) (534,860)
Net financing and investment income 17 16,913,017 16,427,723
Fee from banking services, net 18 2,659,680 1,987,367
Exchange income, net 783,894 774,096
Other operating income, net 19 364,669 295,278
Total operating income 20,721,260 19,484,464
Expenses
Salaries and employees’ related benefits 20 2,977,344 2,794,046
Depreciation and Amortisation 8 & 9 1,118,148 1,059,582
Other general and administrative expenses 21 2,646,409 2,532,213
Operating expenses before credit impairment charge 6,741,901 6,385,841
Impairment charge for financing and other financial assets, net 7 2,165,740 1,772,265
Total operating expenses 8,907,641 8,158,106
Income for the year before Zakat 11,813,619 11,326,358
Zakat for the year 37 (1,218,071) (1,167,831)
Net income for the year 10,595,548 10,158,527
Basic and diluted earnings per share (in SAR) 22 4.24 4.06

 

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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