[100010] Filing information | [200100] Independent auditors report | [300200] Statement of financial position, current/ non-current | |||
[300300] Statement of income, nature of expense | [300500] Statement of other comprehensive income, before tax | [300600] Statement of changes in equity | |||
[300700] Statement of cash flows, indirect method | [400100] Notes forming part of accounts |
[100010] Filing information |
  | English [member] | |
---|---|---|
Start Date | 2019-01-01 | 2018-01-01 |
End Date | 2019-03-31 | 2018-03-31 |
Filing information [line items] | ||
Disclosure of entity information [abstract] | ||
Name of reporting entity | Raydan Food Co. | |
Company symbol code| ISIN code | 6012 | SA14TG92TU17 | |
Sector| Industry group | Consumer Discretionary | Hotels, Restaurants and Leisure | |
Disclosure of document information [abstract] | ||
Whether entity wants to report opening statement of financial position | No | |
Period covered by financial statements | Quarter 1 | |
Reporting period start date | 2019-01-01 | 2018-01-01 |
Reporting period end date | 2019-03-31 | 2018-03-31 |
Description of nature of financial statements | Consolidated | |
Status of financial statements | Reviewed | |
Description of presentation currency | Saudi Arabia, Riyals | |
Level of rounding used in financial statements | Thousands | |
Method of presentation of statement of financial position | Current, non-current | |
Method of presentation of statement of income | Nature of expense |
[200100] Independent auditors report |
  | Primary auditor [member] | Second primary auditor [member] |
---|---|---|
  | English [member] | English [member] |
Start Date | 2019-01-01 | 2019-01-01 |
End Date | 2019-03-31 | 2019-03-31 |
Auditors information [line items] | ||
Details of auditors signing report [abstract] | ||
Name of auditor signing report | Ayad O. Al-Seraihi | عياد عبيان السريحي |
Registration number of auditor | 405 | 405 |
Details of audit firm [abstract] | ||
Name of audit firm | Baker Tilly MKM & Co.Certified Public Accountants | بيكر تيلي م ك م وشركاه محاسبون قانونيون |
Registration number of audit firm | 323/11/479 | 479/11/323 |
Contact number of audit firm | Tel :00966126339777Fax:00966126631888 | تلفون : 00966 126639777فاكس : 00966 12663 1888 |
Address of audit firm | Madinah Road - Wessal 7575 Center P.O Box 100890 , Jeddah 21311 KSA | طريق المدينة المنورة - مركز الوصال 7575 ص ب 100890 جدة 21311 |
  | English [member] |
---|---|
Start Date | 2019-01-01 |
End Date | 2019-03-31 |
Auditors report [line items] | |
Contents of auditors report [abstract] | |
Nature of auditors opinion | Unmodified opinion |
Auditors opinion | |
Basis of opinion | |
Emphasis of matter | |
Other matters | |
Date of signing audit report by auditor | 2019-05-28 |
[300200] Statement of financial position, current/ non-current |
Start Date | 2019-01-01 | 2018-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-03-31 | 2018-03-31 | 2018-12-31 | |
Statement of financial position [abstract] | ||||
Assets [abstract] | ||||
Current assets [abstract] | ||||
Bank balances and cash | 5,481 | 9,190 | 6,033 | |
Trade accounts receivable | 562 | 1,044 | 333 | |
Prepayments | 11,831 | 12,823 | 13,111 | |
Due from related parties | 4,512 | 19,055 | 3,812 | |
Inventories | 2,924 | 5,568 | 3,392 | |
Total | 25,310 | 47,680 | 26,681 | |
Total current assets | 25,310 | 47,680 | 26,681 | |
Non-current assets [abstract] | ||||
Property, plant and equipment | 232,120 | 264,336 | 232,471 | |
Intangible assets other than goodwill, net | 1,010 | 2,756 | 1,067 | |
Investments in associates and joint ventures | 85,854 | 0 | 85,854 | |
Other non-current assets | 59,893 | 0 | 0 | |
Total non-current assets | 378,877 | 267,092 | 319,392 | |
Total assets | 404,187 | 314,772 | 346,073 | |
Liabilities and equity [abstract] | ||||
Liabilities [abstract] | ||||
Current liabilities [abstract] | ||||
Current portion of long term loans | 4,193 | 0 | 4,193 | |
Trade accounts payables | 12,917 | 9,069 | 10,618 | |
Accrued expenses | 6,244 | 6,090 | 4,868 | |
Due to related parties | 15,021 | 1,718 | 16,224 | |
Zakat payable | 530 | 1,166 | 526 | |
Dividends payable | 63 | 0 | 63 | |
Other current liabilities | 8,025 | 0 | 0 | |
Total | 46,993 | 18,043 | 36,492 | |
Total current liabilities | 46,993 | 18,043 | 36,492 | |
Non-current liabilities [abstract] | ||||
Debt securities, term loans, borrowings and sukuks in issue | 9,780 | 0 | 10,655 | |
Employees' terminal benefits | 17,580 | 18,823 | 17,608 | |
Other non-current liabilities | 47,763 | 0 | 0 | |
Total non-current liabilities | 75,123 | 18,823 | 28,263 | |
Total liabilities | 122,116 | 36,866 | 64,755 | |
Equity [abstract] | ||||
Shareholder's equity [abstract] | ||||
Share capital | 225,000 | 225,000 | 225,000 | |
Statutory Reserve | 27,414 | 25,482 | 27,414 | |
Retained earnings (accumulated losses) | 29,371 | 27,177 | 28,661 | |
Other reserves [abstract] | ||||
Reserve of exchange differences on translation | 268 | 240 | 230 | |
Total other reserves | 268 | 240 | 230 | |
Equity attributable to owners of parent | 282,053 | 277,899 | 281,305 | |
Non-controlling interests | 18 | 7 | 13 | |
Total equity | 282,071 | 277,906 | 281,318 | |
Total liabilities and equity | 404,187 | 314,772 | 346,073 |
[300300] Statement of income, nature of expense |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-03-31 | 2018-03-31 | |
Statement of income [abstract] | |||
Profit (loss) [abstract] | |||
Continuing operations [abstract] | |||
Revenue [abstract] | |||
Sales of goods | 54,735 | 54,669 | |
Total revenue | 54,735 | 54,669 | |
Changes in inventories of finished goods and work in progress | 48,236 | 44,483 | |
Other operating expenses | 5,745 | 6,098 | |
Finance costs | 821 | 0 | |
Other income | 1,065 | 928 | |
Profit (loss) before zakat and income tax from continuing operations | 998 | 5,016 | |
Zakat expenses on continuing operations for period | 283 | 294 | |
Profit (loss) for period from continuing operations | 715 | 4,722 | |
Discontinued operations [abstract] | |||
Profit (loss) before zakat and income tax from discontinued operations | 459 | ||
Zakat expenses on discontinued operations for period | 17 | ||
Profit (loss) for period from discontinued operations | 442 | ||
Profit (loss) for period | 715 | 5,164 | |
Profit (loss), attributable to [abstract] | |||
Profit (loss), attributable to equity holders of parent company | 710 | 5,162 | |
Profit (loss), attributable to non-controlling interests | 5 | 2 | |
Earnings per share [abstract] | |||
Basic earnings (loss) per share [abstract] | |||
Basic earnings (loss) per share from continuing operations | 0.03 | 0.21 | |
Total basic earnings (loss) per share | 0.03 | 0.21 |
[300500] Statement of other comprehensive income, before tax |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-03-31 | 2018-03-31 | |
Statement of other comprehensive income, before tax [abstract] | |||
Statement of comprehensive income [abstract] | |||
Profit (loss) for period | 715 | 5,164 | |
Other comprehensive income [abstract] | |||
Components of other comprehensive income that will be reclassified to profit or loss [abstract] | |||
Foreign currency translation [abstract] | |||
Gains (losses) on exchange differences on translation of foreign operations | 38 | -8 | |
Total other comprehensive income (loss), foreign currency translation | 38 | -8 | |
Total other comprehensive income (loss), that will be reclassified to profit or loss | 38 | -8 | |
Total other comprehensive income (loss) | 38 | -8 | |
Total comprehensive income (loss) for period | 753 | 5,156 | |
Total comprehensive income (loss) attributable to [abstract] | |||
Total comprehensive income (loss), attributable to equity holders of parent | 748 | 5,164 | |
Total comprehensive income (loss), attributable to non-controlling interests | 5 | -8 |
[300600] Statement of changes in equity |
  | Share capital [member] | Share premium [member] | Treasury shares [member] | Statutory reserve [member] | General reserve [member] | Retained earnings (accumulated losses) [member] | Asset revaluation reserve [member] | Available-for-sale [member] | Employee share based plan reserve [member] | Reserve of exchange differences on translation [member] | Cash flow hedges reserve [member] | Reserve of disposal group held for distribution/ sale [member] | Miscellaneous other reserves [member] | Total other reserves [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total equity [member] | Note No. | |||||||||||||||||
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Start Date | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | |
End Date | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | 2019-03-31 | 2018-03-31 | |
Statement of changes in equity [line items] | |||||||||||||||||||||||||||||||||||
Equity balance at beginning of period (before adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 28,661 | 22,015 | 230 | 238 | 230 | 238 | 281,305 | 272,735 | 13 | 15 | 281,318 | 272,750 | |||||||||||||||||||
Equity balance at beginning of period (after adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 28,661 | 22,015 | 230 | 238 | 230 | 238 | 281,305 | 272,735 | 13 | 15 | 281,318 | 272,750 | |||||||||||||||||||
Changes in equity [abstract] | |||||||||||||||||||||||||||||||||||
Comprehensive income [abstract] | |||||||||||||||||||||||||||||||||||
Profit (loss) for period | 710 | 5,162 | 710 | 5,162 | 5 | 2 | 715 | 5,164 | |||||||||||||||||||||||||||
Other comprehensive income | 0 | 38 | 2 | 38 | 2 | 38 | 2 | 0 | -10 | 38 | -8 | ||||||||||||||||||||||||
Total comprehensive income (loss) for period | 710 | 5,162 | 38 | 2 | 38 | 2 | 748 | 5,164 | 5 | -8 | 753 | 5,156 | |||||||||||||||||||||||
Total changes in shareholders equity | 710 | 5,162 | 38 | 2 | 38 | 2 | 748 | 5,164 | 5 | -8 | 753 | 5,156 | |||||||||||||||||||||||
Equity balance at end of period | 225,000 | 225,000 | 27,414 | 25,482 | 29,371 | 27,177 | 268 | 240 | 268 | 240 | 282,053 | 277,899 | 18 | 7 | 282,071 | 277,906 |
[300700] Statement of cash flows, indirect method |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-03-31 | 2018-03-31 | |
Statement of cash flows, indirect method [abstract] | |||
Statement of cash flows [abstract] | |||
Cash flows from (used in) operating activities [abstract] | |||
Profit (loss) before zakat and income tax [abstract] | |||
Profit (loss) before zakat and income tax from continuing operations | 998 | 5,016 | |
Profit (loss) before zakat and income tax from discontinued operations | 459 | ||
Profit (loss) for period before zakat and income tax | 998 | 5,475 | |
Adjustments to reconcile profit (loss) before tax to net cash flows [abstract] | |||
Adjustments for depreciation and impairment (reversal of impairment) of property, plant and equipments | 5,233 | 4,228 | |
Adjustments for amortization and impairment (reversal of impairment) of intangible assets | 57 | ||
Adjustments for finance costs | 821 | ||
Adjustment for provision of employees' terminal benefit | 531 | 633 | |
Total adjustments to reconcile profit (loss) before tax to net cash flows | 6,642 | 4,861 | |
Operating cash flow before working capital changes | 7,640 | 10,336 | |
Adjustments for working capital changes [abstract] | |||
Adjustments for decrease (increase) in inventories | 468 | 671 | |
Adjustments for decrease (increase) in trade accounts receivable, net | -229 | -184 | |
Adjustments for decrease (increase) in other receivables | 1,280 | 1,494 | |
Adjustments for decrease (increase) in due from related parties | -700 | -1,415 | |
Adjustments for increase (decrease) in trade accounts payable | 2,299 | -2,227 | |
Adjustments for increase (decrease) in other accounts payable | 1,376 | 524 | |
Adjustments for increase (decrease) in due to related parties | -1,203 | 1,571 | |
Net increase (decrease) due to working capital changes | 3,291 | 434 | |
Net cash flows from (used in) operations | 10,931 | 10,770 | |
Other inflows (outflows) of cash, classified as operating activities [abstract] | |||
Zakat paid, classified as operating activities | 279 | 0 | |
Other inflows (outflows) of cash, classified as operating activities | -560 | -302 | |
Total other inflows (outflows) of cash, classified as operating activities | -839 | -302 | |
Net cash flows from (used in) operating activities | 10,092 | 10,468 | |
Cash flows from (used in) investing activities [abstract] | |||
Proceed from sales of property, plant and equipment | 0 | ||
Purchase of property, plant and equipment | 2,995 | 8,604 | |
Net cash flows from (used in) investing activities | -2,995 | -8,604 | |
Cash flows from (used in) financing activities [abstract] | |||
Proceeds from debt securities, term loans, borrowings, sukuks and murabahas | -875 | 0 | |
Repayment of debt securities, term loans, borrowings, sukuks and murabahas | 6,639 | 0 | |
Other inflows (outflows) of cash, classified as financing activities | -173 | 0 | |
Net cash flows from (used in) financing activities | -7,687 | 0 | |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -590 | 1,864 | |
Effect of exchange rate changes on cash and cash equivalents, net | 38 | -8 | |
Net increase (decrease) in cash and cash equivalents | -552 | 1,856 | |
Cash and cash equivalents at beginning of period | 6,033 | 7,334 | |
Cash and cash equivalents at end of period | 5,481 | 9,190 |
  | English [member] | Note No. | |
---|---|---|---|
Start Date | 2019-01-01 | 2018-01-01 | |
End Date | 2019-03-31 | 2018-03-31 | |
Disclosure of other non-cash information [line items] | |||
Non-cash supplemental information [text block] |
[400100] Notes forming part of accounts |
  | English [member] | Note No. |
---|---|---|
Start Date | 2019-01-01 | |
End Date | 2019-03-31 | |
Notes forming part of accounts [line items] | ||
Disclosure of notes and other explanatory information [text block] | ||
Disclosure of general information about reporting entity [abstract] | ||
Disclosure of general information about reporting entity [text block] | ||
Disclosure of information about major activities of reporting entity [text block] | ||
Disclosure of other general disclosures about reporting entity [text block] | ||
Other disclosures about reporting entity [text block] | ||
Disclosure of basis of preparation of financial statements [abstract] | ||
Disclosure of accounting framework used in preparation of financial statements [text block] | ||
Disclosure of statement of compliance [text block] | ||
Disclosure of basis of measurement [text block] | ||
Disclosure of functional and presentation currency [text block] | ||
Disclosure of note for emphasis of matter/ qualified opinion [text block] | ||
Disclosure of critical accounting judgements, estimates and assumptions [abstract] | ||
Disclosure of critical accounting judgements, estimates and assumptions, general [text block] | ||
Disclosure of impairment of non-financial assets [text block] | ||
Disclosure of revaluation and useful lives of property, plant and equipment, intangible assets and investment properties [text block] | ||
Disclosure of impairment of financial assets [text block] | ||
Disclosure of first-time adoption of IFRS [abstract] | ||
Disclosure of exemptions adopted that are permitted for first-time adopters [text block] | ||
Disclosure of summary of significant accounting policies [abstract] | ||
Description of accounting policy for cash and cash equivalents [text block] | ||
Description of accounting policy for current/ non-current classification [text block] | ||
Description of accounting policy for financial assets [text block] | ||
Description of accounting policy for associates and joint ventures [text block] | ||
Description of accounting policy for inventories [text block] | ||
Description of accounting policy for property, plant and equipment [text block] | ||
Description of accounting policy for intangible assets [text block] | ||
Description of accounting policy for impairment of financial and non-financial assets [text block] | ||
Description of accounting policy for foreign currencies [text block] | ||
Description of accounting policy for provisions [text block] | ||
Description of accounting policy for debt securities, term loans, borrowings, sukuks and murabahas [text block] | ||
Description of accounting policy for employees' terminal benefits [text block] | ||
Description of accounting policy for zakat [text block] | ||
Description of accounting policy for statutory reserves [text block] | ||
Description of accounting policy for revenue recognition [text block] | ||
Description of accounting policy for selling and distribution expenses [text block] | ||
Description of accounting policy for general and administrative expenses [text block] | ||
Description of accounting policy for share-based payments [text block] | ||
Description of accounting policy for accounting of leases [text block] | ||
Description of accounting policy for borrowing costs [text block] | ||
Description of accounting policy for derivative financial instruments and hedge accounting [text block] | ||
Description of accounting policy for financial liabilities[text block] | ||
Disclosure of new and amended standards and interpretations [text block] | ||
Disclosure of other notes forming part of accounts [abstract] | ||
Disclosure of debt securities, term loans, borrowings, sukuks and murabahas [text block] | ||
Disclosure of leases [text block] | ||
Disclosure of segments reporting [text block] | ||
Disclosure of risk management [abstract] | ||
Disclosure of credit risk [text block] | ||
Disclosure of liquidity risk [text block] | ||
Disclosure of interest rate risk [text block] | ||
Disclosure of currency risk [text block] | ||
Disclosure of comparative figures and restatements [text block] | ||
Disclosure of board of director's approval of the financial statements [text block] | ||
Disclosure of capital management [text block] | ||
Disclosure of financial liabilities [text block] | ||
Disclosures of assets held for sale and discontinued operations [text block] |