| Operating Activities |
|
|
|
| Net income |
|
979,561 |
239,461 |
Adjustments to reconcile net income to
net cash provided from operating activities |
|
|
|
Net accretion of discounts and net amortization of
premiums on investments, net |
|
25,570 |
36,428 |
| Net change in accrued special commission income |
|
276,887 |
193,514 |
| Net change in accrued special commission expense |
|
(186,241) |
(33,611) |
| Net change in deferred loan fees |
|
(38,677) |
27,031 |
| Gains on disposals of FVOCI debt securities, net |
22 |
(104,476) |
(43,518) |
| Unrealized fair value through profit and loss |
|
81,871 |
(7,350) |
| Realized fair value through profit and loss |
|
(3,542) |
(3,275) |
| Depreciation and amortization |
9 |
144,676 |
143,517 |
| Loss on sales of property, equipment, and intangibles |
|
– |
2,629 |
| Gain on sale of other real estate |
|
(7) |
(33,886) |
| Gain on sale of an ownership interest in an associate |
8 (b) i |
(19,460) |
– |
| Net effect of Commission free deposits from SAMA and SAMA Private Sector Financing Support Program |
|
(112,930) |
– |
| Provisions for credit and other losses |
38 (a) |
449,413 |
1,342,637 |
| Share in earnings of associates |
8 (b) |
(45,928) |
(88,156) |
|
|
1,446,717 |
1,775,421 |
| Net (increase) decrease in operating assets: |
|
|
|
| Statutory deposit with SAMA |
|
212,677 |
(221,996) |
| Due from banks and other financial institutions maturing after three months from acquisition date |
|
(1,027,968) |
(128,566) |
| Loans and advances |
|
2,339,336 |
800,384 |
| Positive fair values of derivatives, net |
|
301,549 |
(60,822) |
| Other real estate |
|
11,008 |
228,525 |
| Other assets |
|
7,590 |
(258,546) |
| Net increase (decrease) in operating liabilities: |
|
|
|
| Due to banks and other financial institutions, net |
|
6,616,806 |
1,177,687 |
| Customers’ deposits |
|
(8,780,757) |
5,385,416 |
| Negative fair values of derivatives, net |
|
(30,868) |
(203,539) |
| Other liabilities |
|
692,615 |
221,110 |
|
|
1,788,705 |
8,715,074 |
| Zakat and Income Tax payments |
|
(231,668) |
(476,080) |
| Net cash provided from operating activities |
|
1,557,037 |
8,238,994 |
| Investing Activities |
|
|
|
| Proceeds from sales and maturities of investments |
|
4,932,104 |
1,939,699 |
| Purchases of investments |
|
(8,824,344) |
(2,857,924) |
| Dividends received from associates |
8 (b) |
79,397 |
105,709 |
| Proceeds from sale of an ownership interest in an associate |
8 (b) (i) |
133,129 |
– |
| Acquisitions of property, equipment, and intangibles |
9 |
(106,092) |
(163,646) |
| Proceeds from sales of property, equipment, and intangibles |
|
– |
7,705 |
| Net cash used in investing activities |
|
(3,785,806) |
(968,457) |
| Financing Activities |
|
|
|
| Treasury shares purchased |
37 |
– |
(253,531) |
| Proceeds from Tier I Sukuk |
36 |
– |
215,000 |
| Redemption of Subordinated debt |
|
– |
(2,000,000) |
| Tier I Sukuk costs |
|
(117,601) |
(122,024) |
| Net cash used in financing activities |
|
(117,601) |
(2,160,555) |
| Net increase (decrease) in cash and cash equivalents |
|
(2,346,370) |
5,109,982 |
| Cash and cash equivalents |
|
|
|
| Cash and cash equivalents at the beginning of the year |
4 (b) |
9,613,154 |
4,503,172 |
| Net increase remove/(decrease) in cash and cash equivalents |
|
(2,346,370) |
5,109,982 |
| Cash and cash equivalents at the end of the year |
4 (b) |
7,266,784 |
9,613,154 |
| Supplemental special commission information |
|
|
|
| Special commission received |
|
3,538,863 |
4,096,002 |
| Special commission paid |
|
1,128,563 |
1,661,263 |
| Supplemental non-cash information |
|
|
|
| Total other comprehensive income |
|
462,066 |
522,033 |
| Adoption of IFRS 16 on January 1, 2019 |
|
– |
246,601 |
| Other real estate |
|
– |
121,285 |
