| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 9,299,692 | 10,046,288 | -7.43 | ||
| Gross Profit (Loss) | 8,072,818 | 8,485,367 | -4.86 | ||
| Operational Profit (Loss) | -4,894,554 | 10,819,342 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,171,932 | 10,238,032 | -59.25 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 3,968,594 | 10,298,501 | -61.46 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 310,627,495 | 306,658,901 | 1.29 | ||
| Profit (Loss) per Share | 0.14 | 0.34 | |||
| 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 | 1,324,950 | 0.44 | |
| 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 | The reason of the decrease in the revenues during the current year compared to the previous year is due to the decrease in financing income from lease contracts due to their nature, which decreases from year to year, In addition to not recording of revenue from palm farm rentals, unlike the situation in the corresponding of previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit for the current year compared to the previous year is due to the recording of non-recurring revenue from government grants during the previous year, which did not exist in the current year. In addition to the recording of capital losses from the disposal of investment properties and property, plant, and equipment, compared to capital gains recorded from the same item in the previous year. Additionally, there was a decline in operating revenue and other income, as well as an increase in general and administrative expenses, in addition to a lower reversal of impairment in investment properties during the current year compared to the previous year. This is despite the positive impact of the following items: A decrease in expected credit loss provision Reversal of Zakat provision for prior years A decrease in cost of revenue An increase in dividend income and the revaluation of financial assets at fair value through profit or loss |
| 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) | NA |
| Reclassification of Comparison Items | Certain comparative figures for the previous period have been reclassified to conform to the presentation used for the current period |
| Additional Information | NA |
