22Different Activities

Practical Examples Balance Sheet (Statement of Financial Position) as of 31/12/2019 Assets SAR SAR Non-current assets Mining properties Property, plant and equipment Intangible assets Deferred revenue expenses Other non-current assets Total non-current assets Current Assets Inventory Trade receivables Prepaid expenses and other receivables Long-term loan Time deposits Cash in hand and at banks Total current assets Total assets Liabilities and Shareholders’ Equity SAR SAR Shareholders’ equity Capital Statutory reserve General reserve Issue premium Retained earnings Total shareholders’ equity Non-current liabilities Medium and Long-term loans Due to a joint venture partner Provision for end-of-service benefits Provision for removal, site restoration and dismantling obligation Non-current portion of an obligation under a finance lease Financial derivative Project liabilities and trade and other liabilities Total non-current liabilities Current liabilities Current portion of medium and long-term loans Project liabilities Suppliers Current portion of an obligation under a finance lease Accrued Zakat Accrued concession fees Total current liabilities Total liabilities and shareholders’ equity 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 liabilities for removal, site restoration and dismantling Total Movement of Provisions Income Statement for the Period from 1/1/2019 to 31/12/2019 SAR Revenues Cost of revenues 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 Zakat Calculation Item Adjustment to activity result SAR Net profit before Zakat Add: Provision for end-of-service provided during the year Total adjustment to activity result Additions to the Base Equity SAR Capital Statutory reserve General reserve Issue premium Retained earnings Less Dividend distribution Provision for removal, site restoration and dismantling obligation Provision for end-of-service (opening balance less amount utilized amount during the year) Total Obligations on the Zakat payer Medium and Long-term loans Due to joint venture partner Current and non-current portion of an obligation under finance lease Financial derivatives Provision for end-of-service (opening balance less amount utilized amount during the year) Project liabilities and trade and other payable Total external sources of funds subject to Zakat Total additions to the base Deduction from Zakat Base SAR Mining properties Properties, plant and equipment Intangible assets Deferred revenue expenses 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 7. Education Sector