Annual Report 2017
204
205
11 Consolidated Financial Statements
Notes to the Consolidated Financial Statements (continued) December 31, 2017 (In Thousands Saudi Riyal)
32. FIRST-TIME ADOPTION OF IFRS (continued)
32.9 Consolidated statement of cash flows
The transition from SOCPA GAAP to IFRS as endorsed in KSA has not had a material impact on the consolidated statement of cash flows.
33. SUBSEQUENT EVENTS In the opinion of the management, there have been no significant subsequent events since the year ending December 13, 2017 that would have a material impact on the consolidated statement of financial position of the Group as part of these consolidated financial statements.
34. APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS
The Board of Directors has approved the consolidated financial statements for the year ending December 31, 2017 on their meeting held on 12 Jumad Thani 1439H (corresponding to 28 February 2018)
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