22Different Activities

Practical Examples Balance Sheet (Statement of Financial Position) as of 31/12/2019 Assets Assets SAR SAR Current Assets Cash in hand and at banks Trade receivables Spare parts inventory Inventories held for sale Inventory, other materials Loans and advances Prepayments Total current assets Non-current assets Property, plant and equipment Water treatment plants Water basins (reservoirs) Real Estates (properties) Intangible assets Total non-current assets Total assets Liabilities and Shareholders’ Equity Current liabilities SAR SAR Current portion of medium and long-term loans Trade payables Accruals and other current liabilities Provision for obligations and other fees Refundable subscribers’ deposits Government payables Payments from subscribers Short-term deferred revenues Total current liabilities Non-current assets Long-term loans Provision for end-of-service benefits Liabilities relating to disposal of assets Total non-current liabilities Shareholders’ equity Capital Statutory reserve General reserve Other reserves Retained earnings Total shareholders’ equity Total liabilities and shareholders’ equity Balance Sheet (Statement of Financial Position) as of 31/12/2019 Item SAR Revenues Cost of revenues (100,000,000) Gross profit General and administrative expenses Selling and distribution expenses Income from operations Financing charges Profit before Zakat and income tax Zakat Profit for the year Description Opening Balance Provided During the Year Utilized During the Year Closing Balance SAR SAR SAR SAR Provision for end-of- service benefits Provision for obligations and other fees Total Movement of Provisions Zakat Calculation Additions to the Base Shareholders’ equity SAR Capital Statutory reserve General reserve Other reserves Retained earnings Dividend distribution during the year Provision for obligations and other fees Total Liabilities on the Zakat payer Long-term loan Liabilities relating to disposal of assets Provision for end-of-service benefits - opening balance minus the amount utilized during the year Total external sources of funds subject to Zakat Total additions to the base Item Amount Adjustment to activity result SAR Net profit before Zakat Add: Provision for end-of-service provided during the year Total adjustment to activity result Deduction from Zakat Base SAR Property, plant and equipment Water treatment plants Water basins (reservoirs) Real Estates (properties) Spare parts inventory Total deductible assets Zakat base without the adjusted profit for the year Zakat at 2.578% of the Zakat base without the adjusted profit Adjusted profit Zakat at 2.5% of the adjusted profit Total Zakat 14. Other Service Activities Sector 14.1 Definition of the Sector This sector includes (as a residual category) the activities of membership organizations, the repair of computers, personal and household appliances, and a variety of personal services not covered in other sectors. This sector also includes: ● Activities of membership organizations. ● Repair of computers, personal, and household goods. ● Other personal service activities.