Consolidated Statement Of Income

As at December 31, 2020 and 2019

	Note	2020 SAR ’000	2019 SAR ’000
Special commission income	20	9,813,394	10,371,426
Special commission expense	20	1,599,789	2,534,411
Net special commission income		8,213,605	7,837,015
Fee and commission income	21	2,710,220	2,880,929
Fee and commission expense	21	836,665	850,184
Fee and commission income, net		1,873,555	2,030,745
Exchange income, net		412,614	342,658
Trading income, net		218,297	132,806
Dividend income		102,518	102,866
Gains on disposal of non-trading investments, net	22	305,068	255,486
Other operating income	23	79,464	15,487
Total operating income, net		11,205,121	10,717,063
Salaries and employee-related expenses	24	1,939,428	1,879,017
Rent and premises-related expenses		177,716	200,189
Depreciation of property, equipment and right of use assets	10	488,344	438,976
Other general and administrative expenses		974,969	1,035,685
Other operating expenses		54,100	120,207
Total operating expenses before impairment charge		3,634,557	3,674,074
Impairment charge for credit losses and other financial assets, net	8 (f)	2,061,743	1,012,284
Impairment charge (reversal) for investments, net		44,192	(48,028)
Total operating expenses, net		5,740,492	4,638,330
Net operating income		5,464,629	6,078,733
Share in earnings of associates, net		19,368	153,333
Income for the year before zakat		5,483,997	6,232,066
Zakat for the year	26	769,000	630,000
Net income for the year		4,714,997	5,602,066
Basic and diluted earnings per share (in SAR)	25	1.57	1.87

The accompanying notes 1 to 42 form an integral part of these consolidated financial statements.