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 Inventory Prepayments Total current assets Non-current assets Property and equipment Intangible assets Right of assets Total non-current assets Total assets Liabilities and Shareholders’ Equity SAR SAR Current liabilities Murabaha financing and long-term loans - current portion Trade payables Accruals and other current liabilities Deferred revenues - current portion Total non-current liabilities Non - current liabilities Murabaha financing and long-term loans - non-current portion Provision for end-of-service benefits Deferred revenues - non-current portion Client collaterals Deferred government grants Total non-current liabilities Total 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 SAR Revenues Cost of revenues Gross profit General and administrative 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 Total Movement of Provisions Note: The balance of retained earnings was distributed throughout the year. Zakat Calculation Item Amount Adjustment to activity result SAR Net Profit before Zakat and income tax Add: Provision for end-of-service provided during the year Total adjustment to activity result Additions to the Base Shareholders’ equity SAR Capital Statutory reserve Retained earnings Dividend distribution during the year Total Liabilities on the Zakat payer Long-term loans Deferred revenues Client collaterals Deferred government grants Provision for end-of-service (opening balance minus the amount utilized during the year) Total external sources of funds subject to Zakat Total additions to the base Deduction from Zakat Base SAR Property, plant and equipment Intangible assets Right of assets 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 6. Mining and Quarrying Sector