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2018
Highlights

It was a banner
year for Tadawul

Chairperson’s
statement

A giant leap
forward

Chief Executive Officer’s
Message

The
springboard

 

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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