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Description |
2001 |
2002 |
|
OPERATING ACTIVITIES |
||
|
Income (loss) before Zakat |
-24,361,560 |
83,658,628 |
|
Adjustment for : |
|
|
|
Depreciation and amortization |
713,859 |
594,303 |
|
Employee's terminal benefits |
115,911 |
131,972 |
|
Share in results of an associate |
28,080,000 |
-82,641,000) |
|
|
4,548,210 |
1,743,903 |
|
|
|
|
|
Changes un operating assets and liabilities : |
|
|
|
Accrued income and other |
1,291,908 |
2,785,202 |
|
Accruals |
-33,003 |
4,290,791 |
|
Net cash from operating activities |
5,807,115 |
8,819,896 |
|
Zakat paid |
- |
-6,292,097 |
|
Net cash from operating activities |
5,807,115 |
2,527,799 |
|
|
|
|
|
INVESTMENT ACTIVITIES |
|
|
|
Purchase of property and equipment. |
-133,606 |
-33,863 |
|
Investment in Saudi Government Development Bonds. |
-4,409,502 |
13,433,440 |
|
Long term receivables |
-504,075 |
-14,754,131 |
|
Net cash used in investing activities. |
-5,047,183 |
-1,354,554 |
|
INCREASE IN CASH AND CASH EQUIVALENTS |
759,932 |
1,173,245 |
|
Cash and cash equivalents at the beginning of the year. |
12,869 |
772,801 |
|
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR. |
772,801 |
1,946,046 |
