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Consolidated Statement of Changes in Equity

For the years ended December 31, 2018 and 2017

2018 (SAR ’000)
Notes Share
capital
Statutory
reserve
Treasury
shares
Other
reserves
Retained
earnings
Shares
held for
employee
options, net
Shareholders’
equity
Tier 1
Sukuk
Total
equity
Balances at the beginning of the year 7,500,000 4,563,000 204,478 1,284,858 (58,269) 13,494,067 785,000 14,279,067
Effect of the adoption of IFRS 9 on January 1, 2018 3 50,603 (873,159) (822,556) (822,556)
Balances at the beginning of the year as adjusted 7,500,000 4,563,000 255,081 411,699 (58,269) 12,671,511 785,000 13,456,511
Net income 1,458,718 1,458,718 1,458,718
Total other comprehensive loss (373,735) (373,735) (373,735)
Total comprehensive (loss) income (373,735) 1,458,718 1,084,983 1,084,983
Gains on sales of FVOCI equity investments (73,402) 73,402
Zakat for current period (110,346) (110,346) (110,346)
Zakat for prior periods, net of fair value adjustment 27 (711,807) (711,807) (711,807)
Income tax for current period (28,060) (28,060) (28,060)
Foreign shareholder income tax reimbursements 21,566 21,566 21,566
Dividends paid 26 (450,000) (450,000) (450,000)
Net movement in shares held for employee options 38 58,269 58,269 58,269
Treasury shares purchased 40 (787,536) (787,536) (787,536)
Tier 1 Sukuk proceeds 39 1,000,000 1,000,000
Tier 1 Sukuk costs (94,904) (94,904) (94,904)
Transfer to statutory reserve 18 365,000 (365,000)
Balances at the end of the year 7,500,000 4,928,000 (787,536) (192,056) 205,268 11,653,676 1,785,000 13,438,676

The accompanying Notes 1 to 43 form an integral part of these Consolidated Financial Statements.

2017 (SAR ’000)
Notes Share capital Statutory reserve Other reserves Retained earnings Proposed dividends Shares held for employee options, net Shareholders’ equity Tier 1 Sukuk Total equity
Balances at the beginning of
the year
7,000,000 4,210,000 509,651 826,775 350,000 (62,884) 12,833,542 500,000 13,333,542
Net income 1,410,798 1,410,798 1,410,798
Total other comprehensive loss (305,173) (305,173) (305,173)
Total comprehensive (loss) income (305,173) 1,410,798 1,105,625 1,105,625
Zakat for current period (45,323) (45,323) (45,323)
Income Tax for current period (27,386) (27,386) (27,386)
Foreign shareholder income tax reimbursements 13,332 13,332 13,332
Income tax for prior periods, net (2,091) (2,091) (2,091)
Dividends paid 26 (350,000) (350,000) (350,000)
Bonus shares issued 26 500,000 (500,000)
Net movement in shares held for employee options 38 4,615 4,615 4,615
Tier 1 Sukuk proceeds 39 285,000 285,000
Tier 1 Sukuk costs (38,247) (38,247) (38,247)
Transfer to statutory reserve 18 353,000 (353,000)
Balances at the end of the year 7,500,000 4,563,000 204,478 1,284,858 (58,269) 13,494,067 785,000 14,279,067

The accompanying Notes 1 to 43 form an integral part of these Consolidated Financial Statements.

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