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For the year ended 31 December 2018
(Saudi Arabian Riyals)

Notes Share
capital
Statutory
reserve
General
reserve
Fair value
reserve
Retained
earnings
Total
equity
Balance as at 1 January 2018 1,200,000,000 296,763,700 1,114,180,214 9,360,408 567,428,470 3,187,732,792
Effect on the adoption of IFRS 9 at 1 January 2018 3.1.1 – – – (9,360,408) 7,797,649 (1,562,759)
Restated balance at 1 January 2018 1,200,000,000 296,763,700 1,114,180,214 – 575,226,119 3,186,170,033
Total comprehensive income for the year:
Profit for the year – – – – 148,186,665 148,186,665
Other comprehensive income for the year – – – – 20,302,501 20,302,501
Dividend 29 – – – – (120,000,000) (120,000,000)
Transfer to statutory reserve – 14,818,667 – – (14,818,667) –
Balance as at 31 December 2018 1,200,000,000 311,582,367 1,114,180,214 – 608,896,618 3,234,659,199

 

Notes Share
capital
Statutory
reserve
General
reserve
Fair value
reserve
Retained
earnings
Total
equity
Balance as at 1 January 2017 – as previously reported 1,200,000,000 283,786,867 1,114,180,214 (3,156,708) 577,878,210 3,172,688,583
Effect of transition to IFRS 4.1 – – – – (50,565,901) (50,565,901)
Balance as at 1 January 2017 – Restated 1,200,000,000 283,786,867 1,114,180,214 (3,156,708) 527,312,309 3,122,122,682
Total comprehensive income for the year:
Profit for the year – – – – 145,302,709 145,302,709
Change in fair value of available-for-sale investments – – – 12,517,116 – 12,517,116
Remeasurement of defined benefit liability (2,209,715) (2,209,715)
Transfer to statutory reserve – 12,976,833 – – (12,976,833) –
Dividend 29 – – – – (90,000,000) (90,000,000)
Balance as at 31 December 2017 1,200,000,000 296,763,700 1,114,180,214 9,360,408 567,428,470 3,187,732,792

The accompanying notes from (1) through (30) form an integral part of these consolidated financial statements.

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