| Cash flows from operating activities |
|
|
|
| Net income for the year |
|
10,296,867 |
9,120,726 |
| Adjustments to reconcile net income to net cash from/(used in) operating activities: |
|
|
|
| Gain/loss on investments held at fair value through statement of income (FVSI) |
19 |
(14,600) |
(12,635) |
| Depreciation and Amortisation on property and equipment |
8 |
442,171 |
440,566 |
| Depreciation on investment properties |
|
16,416 |
16,862 |
| Loss/(Gain) on sale of property and equipment, net |
19 |
115 |
(594) |
| Impairment charge for financing and other financial assets, net |
7 |
1,530,946 |
1,547,577 |
| Share in earnings of associate |
19 |
(47,928) |
(35,545) |
| (Increase)/decrease in operating assets |
|
|
|
| Statutory deposit with SAMA and central banks |
|
(1,491,942) |
191,193 |
| Due from banks and other financial institutions |
|
(15,005,538) |
8,083,181 |
| Financing |
|
(4,940,851) |
(10,089,026) |
| Investments held as FVSI |
|
151,904 |
(261,286) |
| Other assets, net |
|
1,333,582 |
(801,486) |
| Increase/(decrease) in operating liabilities |
|
|
|
| Due to banks and other financial institutions |
|
1,767,057 |
(3,394,403) |
| Customers’ deposits |
|
20,852,681 |
463,309 |
| Other liabilities |
|
(520,389) |
2,293,735 |
| Net cash from operating activities |
|
14,370,491 |
7,562,174 |
| Cash flows from investing activities |
|
|
|
| Acquisitions of property and equipment |
8 |
(1,481,746) |
(1,813,962) |
| Purchase of FVOCI/Available for sale investment |
|
(1,389,489) |
(1,071,373) |
| Proceeds from disposal of FVOCI/Available-for-sale investment |
|
1,203,936 |
380,213 |
| Proceeds from maturities of investments recorded at amortised cost |
|
96,748,563 |
111,048,401 |
| Purchase of investments recorded at amortised cost |
|
(103,363,657) |
(112,554,297) |
| Proceeds from sale of property and equipment |
|
– |
1,025 |
| Net cash (used in)/from investing activities |
|
(8,282,393) |
(4,009,993) |
| Cash flows from financing activities |
|
|
|
| Dividends paid |
|
(7,312,500) |
(4,858,497) |
| Zakat paid |
|
(211,290) |
(155,474) |
| Net cash used in financing activities |
|
(7,523,790) |
(5,013,971) |
| Net (decrease)/increase in cash and cash equivalents |
|
(1,435,692) |
(1,461,790) |
| Cash and cash equivalents at the beginning of the year |
|
31,222,195 |
32,683,985 |
| Cash and cash equivalents at the end of the year |
24 |
29,786,503 |
31,222,195 |
| Gross financing and investment income received during the year |
|
13,391,901 |
12,639,813 |
| Return on customers’, banks’ and financial institutions’ time investments paid during the year |
|
(728,956) |
(542,644) |
|
|
12,662,945 |
12,097,169 |
| Non-cash transactions: |
|
|
|
| Other real estate |
|
72,106 |
147,106 |
Net change in fair value and gain/(loss) transferred to consolidated statement of income on
available-for-sale investments |
|
– |
(138,309) |
| Net change in fair value of FVOCI equity investments |
|
(49,798) |
– |
