Financial Report

Consolidated Statement of Financial Position

(All amounts in Saudi Riyals unless otherwise stated)

As at 31 December 2022

	Notes	2022	2021
ASSETS
CURRENT ASSETS
Cash and cash equivalents	12	543,975,536	1,607,556,524
Short term murabahas	13	2,700,800,000	–
Accounts receivable	14 & 37	4,344,695,974	3,020,557,307
Prepayments and other assets	15 & 37	194,779,896	287,976,272
Contract assets	16 & 37	1,276,580,067	1,256,218,688
Inventories	17	322,436,948	273,986,156
TOTAL CURRENT ASSETS		9,383,268,421	6,446,294,947
NON-CURRENT ASSETS
Other non-current assets	18	12,376,566	23,128,803
Intangible assets and goodwill	19	372,667,927	98,209,814
Property and equipment	20	473,053,143	550,611,682
Right of use assets	21	40,970,157	54,502,773
TOTAL NON-CURRENT ASSETS		899,067,793	726,453,072
TOTAL ASSETS		10,282,336,214	7,172,748,019
LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accruals	22 & 37	2,572,574,644	1,931,349,611
Deferred revenue	23 & 37	3,265,700,868	2,276,522,431
Contract liabilities	24 & 37	487,784,622	354,116,804
Zakat and income tax payable	11	135,882,233	72,269,437
Bank overdraft and short term borrowing	25	194,387,595	–
TOTAL CURRENT LIABILITIES		6,656,329,962	4,634,258,283
NON-CURRENT LIABILITIES
Lease liabilities	26	15,845,573	31,335,206
End of service indemnities	27	260,822,151	236,586,315
Long term borrowing	25	502,014,450	–
Provision for tax	11	24,265,187	–
TOTAL NON-CURRENT LIABILITIES		802,947,361	267,921,521
TOTAL LIABILITIES		7,459,277,323	4,902,179,804
EQUITY
Share capital	28	1,200,000,000	1,200,000,000
Statutory reserve	29	308,758,320	203,471,411
Other reserves	30	9,138,046	88,434,032
Treasury shares	31	(155,972,883)	(181,200,000)
Retained earnings		1,432,244,956	959,862,772
EQUITY ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT COMPANY		2,794,168,439	2,270,568,215
Non-controlling interests	33	28,890,452	–
TOTAL EQUITY		2,823,058,891	2,270,568,215
TOTAL LIABILITIES AND EQUITY		10,282,336,214	7,172,748,019

Chief Financial Officer

Chief Executive Officer

Authorized Board Member

The accompanying notes 1 to 43 form an integral part of these consolidated financial statements