Total Share Holders Equity (after Deducting Minority Equity)
73,570
73,678
-0.146
Profit (Loss) per Share
0.33
0.42
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to
The decrease in net profit for the current year compared to the prior year is mainly due to higher depreciation cost and finance charges; this is despite of the increase in operating revenue and lower purchased power costs, operations and maintenance costs and general and administrative expenses. the aforementioned factors was partially offset by an increase in the other items of operating revenue, in addition to the approval and activation of the balancing account of the electricity sector on the fiscal year 2019, which had a positive impact of an increase of SAR 1.1 billion in the other operating revenue line for 2019.
Basis of the External Auditor's Opinion
Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
Null
Reclassification of Comparison Items
Null
Additional Information
The company applied IFRS 16 (leases) effective from of 1 January 2019, which did not have any material impact on the company’s financial statements.
Comments