For the years ended December 31, 2020 and 2019
|
|
2020 (SAR ’000) |
|
Notes |
Share
capital |
Statutory
reserve |
Treasury
shares |
Other
reserves |
Retained
earnings |
Shareholders’
equity |
Tier I
Sukuk |
Total
equity |
| Balances at the beginning of the year |
|
7,500,000 |
4,988,000 |
(1,041,067) |
329,977 |
230,097 |
12,007,007 |
2,000,000 |
14,007,007 |
| Net income |
|
– |
– |
– |
– |
979,561 |
979,561 |
– |
979,561 |
| Total other comprehensive income |
|
– |
– |
– |
462,066 |
– |
462,066 |
– |
462,066 |
| Total comprehensive income |
|
– |
– |
– |
462,066 |
979,561 |
1,441,627 |
– |
1,441,627 |
| Tier I Sukuk costs |
|
– |
– |
– |
– |
(117,601) |
(117,601) |
– |
(117,601) |
| Transfer to statutory reserve |
17 |
– |
245,000 |
– |
– |
(245,000) |
– |
– |
– |
| Balances at the end of the year |
|
7,500,000 |
5,233,000 |
(1,041,067) |
792,043 |
847,057 |
13,331,033 |
2,000,000 |
15,331,033 |
|
|
2019 (SAR ’000) |
|
Notes |
Share capital |
Statutory reserve |
Treasury shares |
Other reserves |
Retained earnings |
Shareholders’ equity |
Tier I Sukuk |
Total equity |
| Balances at the beginning of the year as previously reported |
|
7,500,000 |
4,928,000 |
(787,536) |
(192,056) |
205,268 |
11,653,676 |
1,785,000 |
13,438,676 |
| Retroactive effect of other adjustments |
|
– |
– |
– |
– |
(32,608) |
(32,608) |
– |
(32,608) |
Balances at the beginning
of the year as restated |
|
7,500,000 |
4,928,000 |
(787,536) |
(192,056) |
172,660 |
11,621,068 |
1,785,000 |
13,406,068 |
| Net income |
|
– |
– |
– |
– |
239,461 |
239,461 |
– |
239,461 |
| Total other comprehensive income |
|
– |
– |
– |
522,033 |
– |
522,033 |
– |
522,033 |
| Total comprehensive income |
|
– |
– |
– |
522,033 |
239,461 |
761,494 |
– |
761,494 |
| Treasury shares purchased |
37 |
– |
– |
(253,531) |
– |
– |
(253,531) |
– |
(253,531) |
| Tier I Sukuk proceeds |
36 |
– |
– |
– |
– |
– |
– |
215,000 |
215,000 |
| Tier I Sukuk costs |
|
– |
– |
– |
– |
(122,024) |
(122,024) |
– |
(122,024) |
| Transfer to statutory reserve |
17 |
– |
60,000 |
– |
– |
(60,000) |
– |
– |
– |
| Balances at the end of the year |
|
7,500,000 |
4,988,000 |
(1,041,067) |
329,977 |
230,097 |
12,007,007 |
2,000,000 |
14,007,007 |
The accompanying Notes 1 to 43 form an integral part of these Consolidated Financial Statements.
