| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 47,290,173 | 63,054,027 | -25 | ||
| Gross Profit (Loss) | 9,729,501 | 21,072,128 | -53.83 | ||
| Operational Profit (Loss) | -4,170,238 | 7,942,471 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -5,260,794 | 5,929,471 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -5,768,626 | 5,644,272 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 31,572,675 | 37,341,301 | -15.45 | ||
| Profit (Loss) per Share | -3.39 | 4.2 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue decreased by 25% to reach SR 47.3 million compared to the previous year, revenue declined during the year primarily due to completion of major Government contracts carried over from prior years and slower project activity in Government sector. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Digital Research Company (DRC) incurred a loss of SR 5.3 million for the year as compared to last year net profit of SR 5.93 million. The loss is mainly due to the following: -Decrease in revenue by SR 15.8 million. -Increase in general and administrative expenses by SR 0.27 million. -Increase in allowances for ECL (expected credit loss) expenses by SR 0.88 million. Despite the above, there was decrease in: -Cost of revenue by SR 4.42 million. -Selling and marketing expenses by SR 0.49 million. -Finance cost by SR 0.26 million and Zakat expenses by SR 0.16 million respectively. In addition, other income was increased by SR 0.51 million during the year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | - |
