For the year ended 31 December 2020
(Saudi Arabian Riyals)
Notes | 2020 | 2019 | |
Operating revenue | 22 | 1,079,635,090 | 564,747,899 |
Operating costs | 23 | (356,484,493) | (326,128,116) |
Gross profit | 723,150,597 | 238,619,783 | |
General and administrative expenses | 24 | (180,244,860) | (196,960,609) |
Operating profit | 542,905,737 | 41,659,174 | |
Investment income | 25 | 38,797,145 | 94,343,939 |
Share of net loss in an equity-accounted investee | 6 | (2,101,685) | (1,610,095) |
Other income | 4,478,947 | 18,900,768 | |
Non-operating profit | 41,174,407 | 111,634,612 | |
Profit for the year | 584,080,144 | 153,293,786 | |
Zakat expense | 21 | (83,561,274) | - |
Net profit for the year | 500,518,870 | 153,293,786 | |
Other comprehensive income | |||
Items that will not be reclassified to the consolidated statement of profit or loss | |||
Re-measurement of employees' end-of-service benefits liability | 15 | (5,301,735) | (8,547,741) |
Other comprehensive loss for the year | (5,301,735) | (8,547,741) | |
Total comprehensive income for the year | 495,217,135 | 144,746,045 | |
Basic and diluted earnings per share | 26 | 4.17 | 1.28 |
The accompanying Notes from (1) through (34) form an integral part of these consolidated financial statements.