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financial statements
consolidated
statement of
comprehensive income
|
For the year ended 31 December |
Notes |
2024 (SAR ’000) |
2023 (SAR ’000) |
| Net income for the year | 19,731,186 | 16,621,159 | |
| Other comprehensive income | |||
| Items that will not be reclassified to the consolidated statement of income in subsequent periods: | |||
| – Net change in fair value (FVOCI equity investment) | 20 | (46,180) | (9,369) |
| – Actuarial gain on re–measurement of employees’ end of service benefits liabilities (“EOSB”) | 20, 30 | 56,421 | 2,821 |
| – Share in FVOCI from associate | 20 | 1,360 | 18,333 |
| Items that may be reclassified to the consolidated statement of income in subsequent periods: | |||
| – FVOCI instrument: | |||
| – Net change in fair value of FVOCI Sukuk and Structured products investments | 20 | (278,101) | 307,054 |
| – Net amounts transferred to the consolidated statement of income | 30,323 | – | |
| – Exchange difference on translating foreign operations | 20 | 55,984 | (42,712) |
| – Cash flow hedge effective portion of change in the fair value | 2,465 | 57,788 | |
| – Employee share plan reserve | (37,110) | – | |
| Total other comprehensive (loss)/income for the year recognized in equity | (214,838) | 333,915 | |
| Total comprehensive income for the year | 19,516,348 | 16,955,074 | |
| Attributable to: | |||
| Equity holders of the Bank | 19,506,998 | 16,955,074 | |
| Non-controlling interests | 9,350 | – | |
| Total comprehensive income for the year | 19,516,348 | 16,955,074 |
The accompanying notes from 1 to 44 form an integral part of these consolidated financial statements.
Chairman
Chief Executive Officer
Chief Financial Officer