| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 34,978.256 | 23,414.34 | 49.388 | 34,324.106 | 1.905 |
| Gross Profit (Loss) | 403.879 | -3,958.249 | - | -2,859.35 | - |
| Operational Profit (Loss) | -2,819.148 | -7,247.291 | -61.1 | -7,740.746 | -63.58 |
| Net Profit (Loss) after Zakat and Tax | -4,140.637 | -8,839.774 | -53.159 | -8,879.528 | -53.368 |
| Total Comprehensive Income | -4,134.864 | -8,909.842 | -53.592 | -8,878.725 | -53.429 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 69,302.362 | 72,098.13 | -3.877 |
| Gross Profit (Loss) | -2,455.471 | -3,879.81 | -36.711 |
| Operational Profit (Loss) | -10,559.894 | -12,264.528 | -13.898 |
| Net Profit (Loss) after Zakat and Tax | -13,020.165 | -15,502.002 | -16.009 |
| Total Comprehensive Income | -13,013.589 | -15,510.755 | -16.099 |
| Total Share Holders Equity (after Deducting Minority Equity) | 171,748.626 | 255,883.284 | -32.88 |
| Profit (Loss) per Share | -0.58 | -0.69 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -81,178.34 | 225,000 | -36.08 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Increase in sales and other revenues/ decrease in selling and marketing expenses/ decrease in financing expenses/ Decrease in some fixed operating expenses related to branches that have been closed permanently or temporarily. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Increase in sales and other revenues /Decrease in general and administrative expenses. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Decreased selling and marketing expenses/Decreased financing expenses/Decreased Zakat expenses / Decrease in some fixed operating expenses related to branches that have been closed permanently or temporarily. |
| Statement of the type of external auditor's report | Qualified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | A) The balance of the investment in Al-Jonah Sweets and Outside Catering Limited (the “Associate”) in the interim condensed consolidated statement of financial position as at 30 June 2021 and 31 December 2020 amounted to SR 79.2 million and SR 79.3 million, respectively. We were unable to obtain sufficient appropriate audit evidence regarding the balance of the Group's investment in the Associate as at 31 December 2020 and the Group's share of the Associate's net profit for the year ended 31 December 2020, because we were unable to review the working papers of the Associate's auditor. Also, we were unable to perform appropriate review procedures regarding the balance of the Group's investment in the Associate as at 30 June 2021 and the Group's share of the Associate's net profit for the six-month period ended 30 June 2021, because we were unable to access the relevant financial information. Accordingly, we were unable to determine whether any adjustments to these amounts were necessary. |
B) The International Accounting Standard 36 “Impairment of Assets” requires management to assess, at the end of each financial reporting period, whether there is any indication of impairment of assets. In the event of any such indication, the Group must estimate the recoverable amount of the asset and record an impairment loss, if any. Management did not perform an assessment for the impairment of property, plant and equipment as at 30 June 2021 and 31 December 2020, amounting to SR 161.6 million and SR 167 million, respectively. Also, management did not perform an assessment for the impairment of investment in an associate as at 30 June 2021 and 31 December 2020 amounting to SR 79.2 million and SR 79.3 million, respectively. Accordingly, we were unable to determine whether any adjustments to the book value of property, plant and equipment and investment in an associate were necessary.
It has an impact on (non-current assets / shareholders' equity). (In the comparative statement of financial position December 31, 2020 to the current financial period June 30, 2021).
- The amounts of foreign exchange differences amounted to 7677 Riyal and 1635 Riyal for the three and six months period, were reclassified respectively, as on June 30, 2020 (previously announced period) within the general and administrative expenses for the current three and six months period as on June 30, 2021.
- It has no effect on net loss.
- Total profit during the current quarter amounted to 403,879 Riyal, compared to a total loss of 3,958,249 Riyal for the same quarter of the previous year, in an increase of 4,362,128 Riyal, and by 110.20%.
- The operating loss during the current quarter amounted to -2,819,148 Riyal, compared to an operating loss of -7,247,291 Riyal for the same quarter of the previous year, with a decrease of 4,428,143 Riyal, and by -61.10%.
- The net loss after Zakat and Tax during the current quarter amounted to -4,140,637 Riyal, compared to a net loss of -8,839,774 Riyal for the same quarter of the previous year, in a decrease of 4,699,137 Riyal, and by -53.16%. And compared to a net loss of - 8,879,528 Riyal for the previous quarter, in a decrease of 4,738,891 Riyal, and by -53.37%.
- Total loss from comprehensive income during the current quarter amounted to -4,134,864 Riyal. Compared to a total loss of -8,909,842 Riyal for the same quarter of the previous year, in a decrease of 4,774,978 Riyal, and by -53.59%. Compared to a total loss of comprehensive income of -8,878,725 Riyal for the previous quarter, in a decrease of 4,743,861 and by -53.43%.
- Sales during the current period amounted to 69,302,362 Riyal, compared to 72,098,130 Riyal for the same period of the previous year, in a decrease of -2,795,768 Riyal, and by -3.88%.
- Total loss for the current period amounted to -2,455,471 Riyal, compared to a total loss of -3,879,810 Riyal for the same period of the previous year, in a decrease of 1,424,339 Riyal, and by -36.71%.
- The operational loss during the current period amounted to -10,559,894 Riyal, compared to an operating loss of -12,264,528 Riyal for the same period of the previous year, in a decrease of 1,704,634 Riyal and by -13.90%.
- The net loss after Zakat and Tax during the current period amounted to -13,020,165 Riyal, compared to a net loss of -15,502,002 Riyal for the same period of the previous year, with a decrease of 2,481,837 Riyal, and by -16.01%.
- The total loss from comprehensive income during the current period amounted to -13,013,589 Riyal, compared to a total loss from comprehensive income of -15,510,755 Riyal for the same period of the previous year, in a decrease of 2,497,166 and by -16.10%.
- The loss per share during the current period amounted to -0.58 Riyal, compared to a loss per share of -0.69 Riyal for the same period of the previous year.
- The accumulated losses at the end of the current period amounted to 81,178,340 - Riyal, and by 36.08% of the capital.
- Total shareholders’ equity (after excluding minority rights) during the current period (June 30, 2021) amounted to 171,748,626 Riyal, compared to 255,883,284 Riyal for the same period of the previous year (June 30, 2020), in a decrease of - 84,134,658 Riyal, and a percentage of - 32.88%.
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