| For the years ended 31 December |
Notes |
Share
capital
(SAR ’000) |
Statutory
reserve
(SAR ’000) |
Other
reserves
(SAR ’000) |
Retained
earnings
(SAR ’000) |
Proposed
dividends
(SAR ’000) |
Total
(SAR ’000) |
| 2018 |
|
|
|
|
|
|
|
| Balance at 31 December 2017 |
|
16,250,000 |
16,250,000 |
5,281,682 |
13,906,736 |
4,062,500 |
55,750,918 |
| Impact of adopting IFRS 9 |
3 |
– |
– |
(129,789) |
(2,752,899) |
– |
(2,882,688) |
| Other adjustment |
38 |
– |
– |
– |
(799,356) |
– |
(799,356) |
| Restated balance at 1 January 2018 |
23 |
16,250,000 |
16,250,000 |
5,151,893 |
10,354,481 |
4,062,500 |
52,068,874 |
| Dividend for the second half 2017 |
23 |
– |
– |
– |
– |
(4,062,500) |
(4,062,500) |
| Interim dividends for the first half of 2018 |
15 |
– |
– |
– |
(3,250,000) |
– |
(3,250,000) |
Net change in fair value of
FVOCI investments |
15 |
– |
– |
(49,798) |
– |
– |
(49,798) |
Net movement in foreign
currency translation reserve |
15 |
– |
– |
(52,637) |
– |
– |
(52,637) |
Net other comprehensive income
recognised directly in equity |
|
– |
– |
(102,435) |
– |
– |
(102,435) |
| Net income for the period |
|
– |
– |
– |
10,296,867 |
– |
10,296,867 |
Total comprehensive income for
the period |
|
|
|
(102,435) |
10,296,867 |
– |
10,194,432 |
| Zakat for previous year(s) |
15 |
– |
– |
(5,379,724) |
(25,547) |
– |
(5,405,271) |
| Zakat for current year and other transfers |
15 |
– |
– |
(19,289) |
(972,228) |
– |
(991,517) |
| Proposed final dividends for 2018 |
|
– |
– |
– |
(3,656,250) |
3,656,250 |
– |
| Balance at 31 December 2018 |
|
16,250,000 |
16,250,000 |
(349,555) |
12,747,323 |
3,656,250 |
48,554,018 |
| 2017 |
|
|
|
|
|
|
|
| Balance at 1 January 2017 |
|
16,250,000 |
16,250,000 |
4,773,362 |
12,236,010 |
2,437,500 |
51,946,872 |
| Transfer to other reserves for zakat |
|
– |
– |
758,000 |
(758,000) |
– |
– |
| Dividends for the second half of 2016 |
|
– |
– |
– |
– |
(2,437,500) |
(2,437,500) |
| Interim dividends for the first half of 2017 |
23 |
– |
– |
– |
(2,437,500) |
– |
(2,437,500) |
Net change in fair value of
available-for-sale investments |
15 |
– |
– |
201,825 |
– |
– |
201,825 |
Net amounts transferred to consolidated
statement of income |
15 |
– |
– |
(340,134) |
– |
– |
(340,134) |
Net movement in foreign currency
translation reserve |
15 |
– |
– |
73,624 |
– |
– |
73,624 |
Net income recognised directly in
shareholder’s equity |
|
– |
– |
(64,685) |
– |
– |
(64,685) |
| Net income for the year |
|
– |
– |
– |
9,120,726 |
– |
9,120,726 |
| Re-measurement of employee EOSB |
|
– |
– |
(29,521) |
– |
– |
(29,521) |
| Total comprehensive income for the year |
|
– |
– |
(94,206) |
9,120,726 |
– |
9,026,520 |
| Zakat paid |
|
– |
– |
(155,474) |
– |
– |
(155,474) |
| Zakat Payable transferred to other liability |
|
– |
– |
– |
(192,000) |
– |
(192,000) |
| Proposed final dividends for 2017 |
23 |
– |
– |
– |
(4,062,500) |
4,062,500 |
– |
| Balance at 31 December 2017 |
|
16,250,000 |
16,250,000 |
5,281,682 |
13,906,736 |
4,062,500 |
55,750,918 |
The accompanying Notes from 1 to 39 form an integral part of these consolidated financial statements.
Chairman Chief Executive Officer Chief Financial Officer
