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financial statements
consolidated
statement of
comprehensive income
For the year ended 31 December | Notes | 2023 (SAR ’000) |
2022 (SAR ’000) |
Net income for the year | 16,621,159 | 17,150,825 | |
Other comprehensive income | |||
Items that will not be reclassified to the consolidated statement of income in subsequent periods: | |||
– Net change in fair value (FVOCI equity investment) | 17 | (9,369) | (669,175) |
– Actuarial gain on re–measurement of employees’ end of service benefits liabilities (“EOSB”) |
17,30 | 2,821 | 231,824 |
– Share in FVOCI from associate | 17 | 18,333 | 1,316 |
Items that may be reclassified to the consolidated statement of income in subsequent periods: | |||
– Exchange difference on translating foreign operations | 17 | (42,712) | (38,229) |
– Net change in fair value of FVOCI Sukuk and Structured products investments |
17 | 307,054 | 5,449 |
– Cash flow hedge effective portion of change in the fair value | 57,788 | (41,975) | |
Total other comprehensive income (loss) for the year recognised in shareholders’ equity |
333,915 | (510,790) | |
Total comprehensive income for the year | 16,955,074 | 16,640,035 |
The accompanying Notes from 1 to 44 form an integral part of these consolidated financial statements.
![chairman](../assets/images/signature/Chairman_E.png)
Chairman
![ceo](../assets/images/signature/CEO.png)
Chief Executive Officer
![cfo](../assets/images/signature/CFO.png)
Chief Financial Officer