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Description |
2000 |
2001 |
|
OPERATING ACTIVITIES |
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|
Income (loss) before Zakat |
43,923,604 |
24,361,560 |
|
Adjustment for : |
|
|
|
Depreciation and amortization |
778,114 |
713,859 |
|
Employee's terminal benefits |
107,664 |
115,911 |
|
Share in results of an associate |
39,583,000 |
28,080,000 |
|
|
5,226,382 |
4,548,210 |
|
|
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Changes un operating assets and liabilities : |
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Prepayments and other assets. |
48,436 |
1,291,908 |
|
Accounts payable & Accruals |
61,262 |
33,003 |
|
Cash from operating |
5,336,080 |
5,807,115 |
|
Zakat paid |
312,461 |
- |
|
Net cash from operating activities |
5,014,619 |
5,807,115 |
|
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INVESTMENT ACTIVITIES |
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|
Purchase of property and equipment. |
6,240 |
133,606 |
|
Investment in Saudi Government Development Bonds. |
7,283,659 |
4,409,502 |
|
Deferred charges incurred |
- |
504,075 |
|
Net cash used in investing activities. |
7,289,899 |
5,047,183 |
|
FINANCING ACTIVITIES |
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|
Loans to an associate |
3,923,711 |
- |
| Net cash used in investing activities |
3,923,711 |
- |
|
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS. |
6,198,991 |
759,932 |
| Cash and cash equivalents at the beginning of the year |
6,211,860 |
12,869 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR. |
12,869 |
772,801 |
