104
105
Annual Report 2018
Consolidated statement of financial position As at 31 December 2018 (In Thousands Saudi Riyals)
Consolidated statement of profit or loss For the year ended 31 December 2018 (In Thousands Saudi Riyals)
Note
2018
2017
ASSETS NON-CURRENT ASSETS Property and equipment Ships under construction
Note
2018
2017
Revenue
6,129,910 (5,183,278)
6,045,835 (4,911,018) 1,134,817
6 7 8 9
15,623,148 138,764 667,409 1,265,341 105,562
14,746,536 959,390 719,593 995,161 121,735
Operating costs
Intangible assets
Gross profit before bunker subsidy
946,632 293,602
Investment in associates Receivables from finance lease Other investments, including derivatives TOT AL NON-CURRENT ASSETS
10 11
Bunker subsidy
185,864
76,624
78,366
Gross profit
1,240,234 (162,767)
1,320,681 (171,274)
17,876,848
17,620,781
General and administrative expenses
22 23
CURRENT ASSETS Receivables from finance lease - current portion
10 12 13 14
5,547
56,860 290,759 1,474,988 297,379 251,375 692,921 497,520 3,561,802 21,182,583
Other income (expenses), net
10,718
(15,854)
Inventories
344,045 1,883,716 494,682 364,293 228,513 3,320,796 21,197,644 -
Total operating profit
1,088,185 (389,113) (118,529)
1,133,553 (308,435) 82,153 907,271 (100,760) 806,511
Trade and other receivables Prepayments and other current assets Murabaha and short-term deposits Cash and cash equivalents TOT AL CURRENT ASSETS Investment held for sale
Finance costs
24
9
Share in results of associates Income before zakat and tax
9
15-1
15
580,543 (92,186) 488,357
21
Zakat and taxes, net Net income for the year
TOT AL ASSETS
EQUITY AND LIABILITIES EQUITY Share capital
Net income for the year attributable to: Equity holders of the parent company
481,238
800,313
16 17
3,937,500 1,012,852 1,489,103 (13,302) 2,951,718 9,377,871
3,937,500 964,732 1,489,103 3,109,225 9,495,218 (5,342)
Statutory reserve Share premium Other reserves Retained earnings
Non-controlling interests
31
7,119
6,198
488,357
806,511
Earnings per share (Saudi Riyal): Basic earnings per share
Equity attributable to equity holders of the parent company
25 25
1.22 1.22
2.03 2.03
Non-controlling interests
31
441,430
422,813
Diluted earnings per share
TOTAL EQUITY
9,819,301
9,918,031
LIABILITIES NON-CURRENT LIABILITIES Sukuk and long-term loans Employees’ end of service benefits
Consolidated statement of comprehensive income For the year ended 31 December 2018 (In Thousands Saudi Riyals)
Net income for the period/year
488,357
806,511
18 19 21
9,212,847
9,180,585
Items that will not be reclassified to profit or loss Re-measurement gain on defined benefit liability
69,927 23,511
69,467 12,235
Deferred tax liability
19
(384)
1,352
TOTAL NON-CURRENT LIABILITIES
9,306,285
9,262,287
Items that are or may be reclassified subsequently to profit or loss: Investment in associates share ofOCI
CURRENT LIABILITIES Short term loans
(8,333) 479,640
-
18-4
96,000 887,816 873,340 214,902
-
Long term loans - current portion Trade and other payables Provision for zakat and taxes TOTAL CURRENT LIABILITIES
18 20 21
1,075,289 694,947 232,029 2,002,265 11,264,552 21,182,583
Total comprehensive income for the period/year Total comprehensive income attributable to: Equity holders of the parent company
807,863
2,072,058 11,378,343 21,197,644
473,278
801,665
TOT AL LIABILITIES
31
Non-controlling interests
6,362
6,198
TOTAL EQUITY AND LIABILITIES
Total comprehensive income for the period/year
479,640
807,863
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