Consolidated Income Statement
For the years ended December 31, 2017 and 2016| Notes | 2017 SAR ’000 |
2016 SAR ’000 |
|
| Special commission income | 20 | 3,533,089 | 3,200,609 |
| Special commission expense | 20 | 1,491,029 | 1,528,553 |
| Net special commission income | 2,042,060 | 1,672,056 | |
| Fee income from banking services, net | 21 | 412,157 | 415,504 |
| Exchange income, net | 136,772 | 145,650 | |
| Dividend income | 22 | 19,749 | 27,543 |
| Gains on investments, net | 23 | 49,130 | 145,112 |
| Other operating income, net | 15 | 1 | |
| Total operating income | 2,659,883 | 2,405,866 | |
| Salaries and employee-related expenses | 24 | 579,105 | 591,801 |
| Rent and premises-related expenses | 161,980 | 140,320 | |
| Depreciation and amortization | 9 | 92,559 | 89,001 |
| Other general and administrative expenses | 225,670 | 229,420 | |
| Impairment charge for credit losses | 7 (b) | 213,000 | 246,000 |
| Impairment charge for investments | 6 (e) | 108,622 | 207,000 |
| Total operating expenses | 1,380,936 | 1,503,542 | |
| Operating income | 1,278,947 | 902,324 | |
| Share in earnings of associates | 8 (b) | 131,851 | 150,634 |
| Net income | 1,410,798 | 1,052,958 | |
| Basic and diluted earnings per share (expressed in SAR per share) | 25 | 1.88 | 1.40 |
The accompanying Notes 1 to 42 form an integral part of these consolidated financial statements.