| Element List | Current Year | Previous Year | Change % |
|---|---|---|---|
| Sales/Revenue | – | – | – |
| Gross Profit (Loss) | – | – | – |
| Operational Profit (Loss) | 125 | 422 | -70.38 |
| Net Profit (Loss) | 112 | 277 | -59.57 |
| Total Comprehensive Income | 90 | 376 | -76.06 |
| Total Share Holders Equity (after Deducting Minority Equity) | 10,023 | 10,687 | -6.21 |
| Profit (Loss) per Share | 0.15 | 0.41 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount |
|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | – | – |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales/Revenue and Gross profit” do not appear in the profit or loss statement. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reasons for the decrease in the net income during the current year compared to last year are:
SIIG’s share of profit of the joint ventures has decreased due to: • A decrease in the selling prices, across all products. • The unplanned shutdown of the project “Saudi Polymer Company” during the current year. Note that there were: – An increase in the financing income “Murabaha”. – A decrease in the general and administrative expenses. |
| Statement of the type of external auditor’s report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not Applicable |
| Reclassification of Comparison Items | Certain prior year figures have been re-classified to confirm with the presentation in the current year. |
| Additional Information | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales and Gross profit” do not appear in the profit or loss statement. |