| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-371,467
|
-26,047,237
|
98.57
|
| Earning or loss per share, Riyals |
0
|
-0.08
|
-
|
| Gross profit (loss) |
19,842,556
|
28,247,683
|
-29.76
|
| Operational profit (loss) |
-10,104,763
|
-23,058,720
|
56.18
|
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decrease in the company’s net profit during year 2013 compared to the previous year is due to: The decrease in General and Administrative expenses by 28 % compared to the previous year The decrease in Sales and Marketing expenses by 72 % compared to the previous year The increase in the company's share in the net profits of equity associates The decrease in Zakat expenses by 42 % compared to the previous year This comes in spite of the overall decline in gross profit and income from Murabaha deposits and other income during the current year compared to the previous year |
| Reclassifications in annual financial results | Certain figures of previous year have been reclassified to be in line with the current year presentation. |
| Other notes | The difference between the results of 2013’s annual income statement and those of 2013’s fourth quarter is due to the recalculation of the zakat pool of one of Knowledge Economic City’s subsidiaries. It should be noted that the loss per share for the current year amounted to SAR 0.001 compared to SAR 0.077 for the previous year. |
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