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    Financial statements 2013

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    Consolidated Financial Statements 2013 (en)

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    Financial statements 2013

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    19 views27 pages

    Consolidated Financial Statements 2013 (En)

    Uploaded by

    naeem_shams
    Financial statements 2013

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 27
    ‘THE SAUDI ARABIAN AMIANTIT COMPANY AND SUBSIDIARIES (Samual Joint Stock Company) CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31,2013 [AND INDEPENDENT AUDITORS: REPORT {HE SAUDI ARASUN AMATI COMPANY AND SUBSIIARIES (Sout Joint Secs Compeny) CONSOLIDATED riNANGtaL SrATEMENTS Iepardet auctor pat Conlin can ow tae Cones satan of changes insane ty Notes tote consi nc erent +s pwe INDEPENDENT AUDITORS’ REPORT February 6, 2014 Tote Shareholders of The Saud Arabian Amiantt Company’ (A Saud Joint Stock Company) cope of aut Wie have audited tho accompanying consolidated talance sheet of The Saudi Arabian Arianit Company (the ‘Company’ and Suestares(colecWely the “Group as of Dscember 32012 and ‘he elated consolidates statement of icome, cath fows and changes in sharenoleers uty forthe year then ended, and the notes whicn for an intgral pat ofthe consolidated nancial satements. ‘These corsolated nancial statements, which wore prepare bythe Compa to comply wth Arle 123 of te Regulstions for Companies and presonts ous wth a ifxmaton dnd explanatons whch we requred, are the responsbay f the Group's management. Our reepensbly let exprocs sh ‘pinion on tese conslted franca statements based on ou aut. We conducted cur aust n accontance with audting standards ganeraly accepted in Saudi Arabia Those standards require that we plan and perform the aust fo oblan reasonable assurance obout nether the franca statements are fee of material mastatemant An aust includes examining, on @ {esi basis, evderce supporing te enuns and asclosures inthe nancial stsments, AN aust also includes assessing the accounting pencpes used ana sxrican estimates made by management, 28 ‘wel 2 evaluating the overal franca statement prosertaton We Deseve that Ow aud proves & ‘eavonle base for aur union us Incr opion sh Consodatod nancial sitements taken a8 2 whole: ‘+ Prasant fay, nal materia respect, the fnancil poston ofthe Grp as of Oacember 31,2013 and the reuits oft operatons ard is cash fs forthe year then ended in contrmity th ‘accounting principles general acceped in Saud Arabia approprate tothe cumstances of the (Group, ana ‘+ Comply, in all mate respects, withthe requirements of he Regulations for Companies and the Company's By.aws with respect to the graparaton and preeeiation of conedted tani statements Pn useCoopers nN Co mae WA Saga Lcense No. 368 ‘PrceterousCoopes Al Hugoyt Tower, P.O Box $87, Dhahran Apert s932, Kingdom of Sau rata 1 9608) ap P4966 (1) 84S, pwc deo oi —— is Sac ‘THE SAUDI ARASIAN AMLANTIT COMPANY AND SUBSIDIARIES (i Saul Joint Stock Company) encased anes shock (ammts nS fyoe ovsands uot beni sae) Note a Shortion bank depots é ra saute 7 anuars 20x06 Preparmenis and terrecaabes "138,138 127286 Propor pent ad eaupmnt sai, ram Isang asco “ 20 Before name ac assis % ore her noncorent sacs i ane Tota arets anise 820508 arent ites Shontem sarewirge 2 sssna40 1999198 Curent matty ofang tem Borownge 8 Shr eae ‘ecm pate suze ssaee ‘sere ad trates “4 2isae8 2ae2se eta ace pate ozs fae asset arenes tena ier boronings 2 7308 rose Empayes temiaton bets 8 saz 208 Viarany provisos 7 Boot saves ‘hereon bis fai son Bas Ee otal abies arose sxzeose Eauity uy stile fo sharealer of te Company ‘Shwe capt 0 4.385000 Stay rece a ‘soete Resa earings sages Empoyes share: progam and reson 6 ere) ‘Crensyvasaionedtents 24) ‘ola shaaholers’ egy aera Total eguiy 1.700407 ‘The noes 2 pages for 710 25 fom an nga pat se conse Ean sttemers THE SAUDI ARABIAN AMANTIT COMPANY AND SUBSIDIARIES Somat cen tack thames mn au yal san es Costa sas Groep ‘70008 ‘6 6a4 Operating expenses Selng ra matting a (ens) a7sea) Sener ane adrinsave 2 52 808 Income rom opeatons Hae 25910 ‘thar expenses) income ‘Shara rt or of esostes ° 7) ao220) anil charge, et exnsa em) (eso) other rt a 2498 250 Ince bef frpn income tues. Foreign ncaa nies 6 (ess) (ese) Zac 6 asses 59 Income tee ron canting iret 55100 35325 Non-corcoing sets 942 sso Net income forthe year a0 111338 arings per share (Saul Riyal) 2 2 Goering nr 201 aa ‘The noes on age tom 70.25 frm an neg part of ess conse anc sateen ‘THE SAUD) ARABIAN AMIANTIT COMPANY AND SUBSIDIARIES [A Saul Joint Stock Company) ‘Avanos Sous Ras Pusan ness hens ae) Cash Now tom operating seivites Net eae forte eer sete ita Adium for non-cash tems Share tee fase ° sem 35328 Doprecaton,mpsrment smerzaon nd provions xco waar. Defoedincame tax (eat) crargor 6 oe) 3284 Loss apple to norcaroling nese naan) sora) ‘tangas nmtina cots pots rexble sss enn ‘vt puss (43ss00) Proporta tor coh eas os) ‘ecauis pee 24702) rsis2 ‘ezwad and over abies (2st) esz2) Empey tomnaton bene 215 Net cath generate fom (uae hy oerting sete esse) cen ow trom investing nevis Shortie bank dopo, * ) 23 Investment 1 (sao) co) Procees om expos of vestments 1 200 Purchase of propery. ant ané equipment (e2s01) 15285 Inangbe arse ond cher (23344) sas Notenen led mins stvinn sa30) 7981) cen ow rom fnancing seven (Changesinshrem borowngs as) 450300 reed em ong-em Beenngs 24as 25307 Repayments of ngerm arin (2098) 220385) Fepoymrts of abies apis cpi eases (1218), Dien pd Py (12900) ansee) Dons pd by subsbivisanoncantong wats (05) ate) Board of recto’ fe pid (1200) (1200) Purse of shaes fo ergloyoes shares program 16 5 i788) ‘changes nronconoling inert ara cet 704 (e219) "Net ash tized generated tom sco ace want) 759256 Net change in cash and exsh squivalenis 22000 2ens29) ‘Cash and casn equate at bepening one yer nse 280878. Cah and cash equivalents at nd of he yes 5 oar s2rser Tre rtes on ges or 71025 fem a intel pro hase consid nace, “THE SAUD ARABIAN AWANTIT COMPANY AND SUESIOIARIES (GSauc Jit Stock Company) Consoiated statement of change in eharholer'auty (tame Sod Ras eurens unese erie sed) ina §2013 ‘visso0o tener soncey racy ae) tera tne tee snow wae Tame suey ‘ssn 2 = maize - ase a : sac sso (oo! of reo ee a0) a0 (Garon sonata ne ‘orang leet 1 5 asim ° sry crane erargee carey net, ‘sdoomers A : z a Pa sane. 202 115500 tanere see = gram ssasasa eae ee - Sta 7 sess more Pa sesae 99 . bases a” * qs, : 5 sears Seana he : eer) : ‘0 oxen 8 - eH = esr ‘ge or eroset ‘Sas pogen 8 7 re) 430 ‘shoes : a amu sree ‘The tion een ton Yn fom antegalatesn ast ancl ar, “THE SAUDI ARABIAN AMANTIT COMPANY AND SUBSIDIARIES (A Sous om tock Company) Notes tote consobdsted tari ttements for he year ended Decamber 3, 2049 (hemeunisn oud Rls nurens ures harase ne) Te Sau ain Anant Company tha,"Coroany”er"SAAC ad suteidares (cote he ‘19 ‘sit othe Company ante ae Saud fron end reg subaaes, the Group pmo “rgeoes m mariocioing an sng race ‘pee of pr and sence reise, tering eked ‘teil, bed wie anajeren senza ln 68 conaitnc. ere an pears ‘The Conpeny is ot sick company registred in te Keodom of Sous Arba wet Connect ogaeion No. 265002169 sued Dasma on Rab aoe Ge 137080). The rgd Sess ofthe Conpany P.O. Boe 85, Panda en, Dammam 3621 Kingdom of aus Ab Flowing thet of ia pean utara inte inte Grou: ace ownertip Subsiiany Incorporation Becamper a mo 202 ‘Alar Fiberglass nga Lie AFL) Sau Aba 100 10 ‘nus Arabian Duel rn Pie Campy Lime ex0P) Sous Aba ‘00 0 ‘naraton!iastucue Management nd ‘Opraon Company Linea AIAWATER) Sau Arabia 10 ‘anaet Rubber uss Ltd APL) Seu Art “ ‘maton St rb (SAL) Sau Arata e070 andtend Lig (8S) Sava Arata 0 Sava Arte Coca Prods Lined (SACOP) Sa aia sea0 Fens Pipes Gansany Ui. (FPC) Saud abe BI ote Tecnology Bana WL ata 100 ‘rich Gemacy Gt Gemany 100 “ns Hance & Seine Gmbh HS) emt ry “oR lteratona Bat Gre ‘cermeny 7025 ‘BT waseer-undAbwasse ark Gobi cemany © one Tetralogy AS Nomay 0 ‘Suber Son San Te AS. Taney 0 ‘anech Poland Sp.200. Pond 0 ‘ach Span A. Spain 0 Prater nda Son S.A Sain 00 rman: Fools ndston (ia Pv Li (FL -) naa - ~ ‘etch Astra LLC Kazattan ss 225 France SAS, France| 00 00 195 Romana SRL Ronan ” 0 DPS Nora AS. Newsy 100 10 Oumar irrestsnheebstris er genesy regard he name of SAAC orn he nae of atin ‘Somerite nolrg conpanc ran on beta o SARC: ‘uring the yer ended Docebar 3,203: + Te Goi’ ctv cunesipn FPO wat Hezeased om 1% to 100% ugh an cation o 40%

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