22Different Activities

Practical Examples Balance Sheet (Statement of Financial Position) as of 31/12/2019 Assets SAR SAR Assets Current Assets Cash in hand and at banks Trade receivables Prepayments Total current assets Non-current assets Fixed assets Total non-current assets Total assets Liabilities and Shareholders’ Equity SAR SAR Current liabilities Accruals and other current liabilities Total liabilities Non-current assets Provision for end-of-service benefits Total non-current liabilities Shareholders’ equity Capital Statutory reserve Retained earnings Total shareholders’ equity Total liabilities and shareholders’ equity Income Statement for the Period from 1/1/2019 to 31/12/2019 Item SAR Revenues Cost of revenues Gross profit General and administrative expenses 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 Total Movement of Provisions Zakat Calculation Additions to the Base Shareholders’ equity SAR Capital Statutory reserve Retained earnings Provision for end-of-service (opening balance minus the amount utilized during the year) Dividend distribution during the year Total Item Amount Adjustment to activity result SAR Net profit before Zakat Add: Provision for end-of-service benefits Total adjustment to activity result Liabilities on the Zakat payer Total external sources of funds subject to Zakat (to the limits of total deductibles) Total additions to the base Deduction from Zakat Base SAR Fixed assets Total deductible assets Zakat base without adjusted year profit Zakat at 2,578%of the zakat base without adjusted profit Adjusted profit Zakat at 2,5% of the adjusted profit Total Zakat 15. Information and Communication Services Sector