Thimar Development Holding Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	425,304	3,668,062	-88.41
Gross Profit (Loss)	14,661	-3,556,249	-
Operational Profit (Loss)	-79,416,727	-12,325,999	544.3
Net Profit (Loss) after Zakat and Tax	-162,451,394	-11,679,683	1,290.89
Total Comprehensive Income	-162,606,677	-11,679,683	1,292.22
Total Share Holders Equity (after Deducting Minority Equity)	-126,218,633	36,388,044	-
Profit (Loss) per Share	-16.25	-1.17
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for decrease in net loss during the current year compared to the last year is due to:

1. Increase in general and administrative expenses by SR 70 million.

2. Provision for expected credit losses by SR 22 million.

3. Provision for debit balances - the Execution Court by SR 4 million.

4. Impairment losses in the value of property and machinery by SR 12.7 million.

Financial cases and claims by SR 45.5 million. Statement of the type of external auditor's report Disclaimer of opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion External auditor's opinion and basis for Disclaimer of conclusion (Attached) Reclassification of Comparison Items Certain reclassifications were made in comparative numbers to conform to the current period. each of the following has been modified:

1. Gross Profit (Loss) for the year 2020 changed from gross profit of SR184,022 to a gross loss of SR3,556,249

2. Operational Profit (Loss) for the year 2020 changed from operational loss of SR11,679,683 to operational loss of SR12,325,999 Attached Documents

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