|
ELEMENT LIST |
Current YEAR |
PREVIOUS YEAR |
% Change |
|
Total Revenue from Special Commissions/Financing & Investments |
2,812.6 |
3,262 |
-13.776 |
|
Net Income from Special Commissions/Financing & Investments |
2,359.7 |
2,321.7 |
1.636 |
|
Total Operation Profit (Loss) |
2,767.7 |
2,846.1 |
-2.754 |
|
Net Profit (Loss) before Zakat and Income Tax |
1,267.3 |
1,228.5 |
3.158 |
|
Net Profit (Loss) |
1,061.7 |
979.6 |
8.38 |
|
Total Comprehensive Income |
831.7 |
1,441.6 |
-42.307 |
|
Total Share Holders Equity (after deducting minority equity) |
14,801 |
13,331 |
11.026 |
|
Assets |
101,588 |
99,885 |
1.704 |
|
Investments |
28,842 |
30,514 |
-5.479 |
|
Loans and Advances Portfolio (Financing & Investment) |
57,803 |
55,074 |
4.955 |
|
Clients' deposits |
61,515 |
60,144 |
2.279 |
|
Profit (Loss) per Share |
1.34 |
1.25 |
|
All figures are in (Millions) Saudi Arabia, Riyals
|
Element |
Explanation |
|
The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Net profit increased by 8.4% primarily due to a decrease in total operating expenses and an increase in net special commission income. Total operating income decreased by 2.8% primarily due to a decrease in fair value through profit and loss, gains on disposals of FVOCI debt securities, exchange income, and other income which was offset by an increase in net special commission income and fee income from banking services. Total operating expenses decreased by 6.5% primarily due to a decrease in provisions for credit and other losses, which was offset by an increase in other general and administrative expenses, salaries and employee-related expenses, rent and premises related expenses and depreciation and amortization.
|
|
Statement of the type of external auditor's report |
Unmodified opinion. |
|
Reclassification of Comparison Items |
None. |
|
Additional Information |
Net impairment charge for credit and other losses for the current year is SR 271.1 million as compared to SR 449.4 million for the previous year with a decrease of 39.7% Earnings per share for the year ended December 31, 2021 and 2020 was SAR 1.34 and 1.25 respectively, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 710 million shares and 689 million shares respectively representing the weighted average of the issued and outstanding shares after giving effect to the purchase and issuance of 74.9 million treasury shares. |
