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.