FINANCIAL REPORTS
Consolidated statement of changes in equity
For the year ended 31 December 2019
(Saudi Arabian Riyals)
| Notes | Share capital | Statutory reserve | General reserve | Fair value reserve | Retained earnings | Total equity | |
| Balance as at 1 January 2019 | 1,200,000,000 | 311,582,367 | 1,114,180,214 | – | 608,896,618 | 3,234,659,199 | |
| Total comprehensive income for the year: |
|||||||
| Profit for the year | – | – | – | – | 153,293,786 | 153,293,786 | |
| Other comprehensive income for the year |
– | – | – | – | (8,547,741) | (8,547,741) | |
| Dividend | 30 | – | – | – | – | (120,000,000) | (120,000,000) |
| Transfer to statutory reserve | – | 15,329,379 | – | – | (15,329,379) | – | |
| Balance as at 31 December 2019 | 1,200,000,000 | 326,911,746 | 1,114,180,214 | – | 618,313,284 | 3,259,405,244 |
| 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 of the adoption of IFRS 9 on 1 January 2018 |
– | – | – | (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 | – | – | – | – | (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 | 3,234,659,119 |
The accompanying Notes from (1) through (31) form an integral part of these consolidated financial statements.