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.
