Consolidated statement of income for the
year ended December 31, 2016

All amounts in Saudi Riyals unless otherwise stated

    Year ended Year ended
    December 31, December 31,
  Notes 2016 2015
       
Sales 33 9,506,241,216 10,956,125,938
Cost of sales 34 (7,459,968,463) (8,517,081,736)
Gross profit   2,046,272,753 2,439,044,202
       
Operating expenses      
Selling, marketing and logistic expenses 35 (410,054,943) (531,872,951)
General and administrative expenses 36 (333,517,983) (448,378,831)
Exploration and technical services expenses 37 (51,090,792) (143,756,853)
Write-off of plant and equipment 13,14 (57,752,626) (10,494,925)
Operating income   1,193,856,409 1,304,540,642
       
       
Other (expenses) / income      
Share in net loss of jointly controlled entities 18.1,18.2 (73,788,148) (91,630,866)
Income from short-term investments 38 151,636,138 35,583,877
Finance charges 39 (825,853,491) (450,452,843)
Other income, net 40 33,143,164 56,410,062
Income before zakat   478,994,072 854,450,872
       
Zakat expense 22.2 (78,428,404) (46,374,297)
Net income for the year   400,565,668 808,076,575
       
Net income / (loss) attributable to:      
Shareholders’ of the parent company 6.1,41 400,639,080 605,173,945
Non-controlling interest 32.6 (73,412) 202,902,630
    400,565,668 808,076,575
Earnings per ordinary share (Saudi Riyals)      
Operating income per share inclusive of non-controlling interest’s share   1.02 1.12
Basic and diluted earnings per share from continuing operations attributable to shareholders’ of the parent company 41 0.34 0.52