| Reasons of increase (decrease) for quarter compared with same quarter last year |
Net profit for the quarter increased due to the increase in total operating income by 13.6% resulting mainly from the increases in net special commission income, gains on non-trading investments, net trading income and other operating income, in addition to the decrease in net unrealized losses from FVIS financial instruments; offset by decreases in net exchange income, net banking fees and commission income, and dividend income. Furthermore, total operating expenses increased by 13.9% resulting mainly from the increases in impairment charges for credit losses, salaries and employees related expenses and general and administrative expenses; offset by the decreases in rent and premises related expenses, and depreciation expenses. |
| Reasons of increase (decrease) for period compared with same period last year |
Net profit for the period increased due to the increase in total operating income by 8.9% resulting mainly from the increases in net special commission income, net trading income, gains on non-trading investments, dividend income and other operating income, in addition to the decrease in net unrealized losses from FVIS financial instruments; offset by decreases in net banking fees and commission income and net exchange income. Furthermore, total operating expenses increased by 11.6% resulting mainly from the increases in impairment charges for credit losses, and rent and premises related expenses, and general and administrative expenses; offset by decreases in salaries and employees related expenses, impairment charges for investments and depreciation expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter |
The net profit for the quarter decreased due to the decrease in total operating income by 5.5% due to the decrease in gains from non-trading investments, other operating income and dividend income; offset by increases in net special commission income, net exchange income, net banking fees and commission income, net trading income, in addition to the decrease in net unrealized losses from FVIS financial instruments. Furthermore, total operating expenses increased by 5% resulting mainly from the increase in impairment charges for credit losses, rent and premises related expenses, and general and administrative expenses; offset by decreases in salaries and employee related expenses, depreciation expenses, and impairment charges for investments. |
| Reclassifications in quarterly financial results |
Certain comparative figures were reclassified to conform to the current year presentation |
| Other notes |
- The total special commission / financing and investment income for the year ended 31 December 2017 reached SAR 6035.2 million, against SAR 5738.2 million for the same period last year; an increase of 5.2%. The total special commission / financing and investment income for the current quarter reached SAR 1510.4 million, against SAR 1541.4 million for the same quarter last year ; a decrease of 2.0% - The total comprehensive income for the year ended 31 December 2017 reached SAR 2784.7 million, against SAR 2918.4 million for the same period last year; a decrease of 4.6%. The total comprehensive income for the three-month period ended 31 December 2017 reached SAR 512.4 million, against SAR 904.3 million for the same quarter last year; a decrease of 43.3%. - The total shareholders' equity (excluding the minority interest) for the current period reached SAR 24370 million, against SAR 23235 million for same period last year, an increase of 4.9% |
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