[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 | 2019-12-31 | 2018-12-31 |
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 | Annual | |
Reporting period start date | 2019-01-01 | 2018-01-01 |
Reporting period end date | 2019-12-31 | 2018-12-31 |
Description of nature of financial statements | Consolidated | |
Status of financial statements | Audited | |
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 | 2019-12-31 | 2019-12-31 |
Auditors information [line items] | ||
Details of auditors signing report [abstract] | ||
Name of auditor signing report | Ayad O. Al-Seraihi | |
Registration number of auditor | 405 | |
Details of audit firm [abstract] | ||
Name of audit firm | Baker Tilly MKM & Co.Certified Public Accountants | |
Registration number of audit firm | 323/11/479 | |
Contact number of audit firm | Tel :00966126339777Fax:00966126631888 | |
Address of audit firm | Madinah Road - Wessal 7575 Center P.O Box 100890 , Jeddah 21311 KSA |
  | English [member] |
---|---|
Start Date | 2019-01-01 |
End Date | 2019-12-31 |
Auditors report [line items] | |
Disclosures of auditors report [text block] | - |
Contents of auditors report [abstract] | |
Nature of auditors opinion | Qualified opinion |
Auditors opinion | - |
Basis of opinion | - |
Key audit matters | - |
Responsibilities of management and those charged with governance for financial statements | - |
Auditors responsibilities for audit of financial statements | |
Date of signing audit report by auditor | 2020-04-27 |
[300200] Statement of financial position, current/ non-current |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-12-31 | 2018-12-31 | |
Statement of financial position [abstract] | |||
Assets [abstract] | |||
Current assets [abstract] | |||
Bank balances and cash | 2,228 | 6,034 | |
Trade accounts receivable | 531 | 333 | |
Prepayments | 10,790 | 13,111 | |
Due from related parties | 7,652 | 3,812 | |
Inventories | 3,774 | 3,392 | |
Total | 24,975 | 26,682 | |
Total current assets | 24,975 | 26,682 | |
Non-current assets [abstract] | |||
Property, plant and equipment | 240,858 | 232,471 | |
Assets subject to finance lease | 74,671 | 0 | |
Intangible assets other than goodwill, net | 1,290 | 1,067 | |
Investments in associates and joint ventures | 82,123 | 81,248 | |
Total non-current assets | 398,942 | 314,786 | |
Total assets | 423,917 | 341,468 | |
Liabilities and equity [abstract] | |||
Liabilities [abstract] | |||
Current liabilities [abstract] | |||
Current portion of long term loans | 7,598 | 4,193 | |
Trade accounts payables | 23,860 | 15,550 | |
Due to related parties | 10,184 | 16,224 | |
Zakat payable | 0 | 526 | |
Other current liabilities | 10,933 | 0 | |
Total | 52,575 | 36,493 | |
Total current liabilities | 52,575 | 36,493 | |
Non-current liabilities [abstract] | |||
Debt securities, term loans, borrowings and sukuks in issue | 16,452 | 10,655 | |
Employees' terminal benefits | 17,590 | 17,608 | |
Finance leases, non-current | 65,882 | 0 | |
Total non-current liabilities | 99,924 | 28,263 | |
Total liabilities | 152,499 | 64,756 | |
Equity [abstract] | |||
Shareholder's equity [abstract] | |||
Share capital | 225,000 | 225,000 | |
Statutory Reserve | 27,414 | 27,414 | |
General Reserve | 0 | ||
Retained earnings (accumulated losses) | 18,520 | 24,055 | |
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 452 | 230 | |
Total other reserves | 452 | 230 | |
Equity attributable to owners of parent | 271,386 | 276,699 | |
Non-controlling interests | 32 | 13 | |
Total equity | 271,418 | 276,712 | |
Total liabilities and equity | 423,917 | 341,468 |
[300300] Statement of income, nature of expense |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
---|---|---|---|
End Date | 2019-12-31 | 2018-12-31 | |
Statement of income [abstract] | |||
Profit (loss) [abstract] | |||
Continuing operations [abstract] | |||
Revenue [abstract] | |||
Sales of goods | 230,484 | 233,688 | |
Total revenue | 230,484 | 233,688 | |
Changes in inventories of finished goods and work in progress | 210,772 | 191,405 | |
Other operating expenses | 24,370 | 26,345 | |
Finance costs | 3,978 | 490 | |
Share of profit (loss) of joint ventures and associates | 875 | 730 | |
Other income | 3,477 | 2,251 | |
Other expenses | 250 | 327 | |
Profit (loss) before zakat and income tax from continuing operations | -4,534 | 18,102 | |
Zakat expenses on continuing operations for period | 227 | 381 | |
Profit (loss) for period from continuing operations | -4,761 | 17,721 | |
Discontinued operations [abstract] | |||
Profit (loss) before zakat and income tax from discontinued operations | -3,000 | ||
Profit (loss) for period from discontinued operations | -3,000 | ||
Profit (loss) for period | -4,761 | 14,721 | |
Profit (loss), attributable to [abstract] | |||
Profit (loss), attributable to equity holders of parent company | -4,779 | 14,714 | |
Profit (loss), attributable to non-controlling interests | 18 | 7 | |
Earnings per share [abstract] | |||
Basic earnings (loss) per share [abstract] | |||
Basic earnings (loss) per share from continuing operations | -0.21 | 0.79 | |
Basic earnings (loss) per share from discontinued operations | -0.21 | 0.07 | |
Total basic earnings (loss) per share | -0.42 | 0.86 | |
Share closing price at the last trading day of financial year (in numbers) | 0.0176 | 0.0152 |
[300500] Statement of other comprehensive income, before tax |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-12-31 | 2018-12-31 | |
Statement of other comprehensive income, before tax [abstract] | |||
Statement of comprehensive income [abstract] | |||
Profit (loss) for period | -4,761 | 14,721 | |
Other comprehensive income [abstract] | |||
Components of other comprehensive income that will not be reclassified to profit or loss [abstract] | |||
Remeasurement gains (losses) on defined benefit plans | -757 | 509 | |
Total other comprehensive income that will not be reclassified to profit or loss | -757 | 509 | |
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 | 224 | -18 | |
Total other comprehensive income (loss), foreign currency translation | 224 | -18 | |
Total other comprehensive income (loss), that will be reclassified to profit or loss | 224 | -18 | |
Total other comprehensive income (loss) | -533 | 491 | |
Total comprehensive income (loss) for period | -5,294 | 15,212 | |
Total comprehensive income (loss) attributable to [abstract] | |||
Total comprehensive income (loss), attributable to equity holders of parent | -5,314 | 15,215 | |
Total comprehensive income (loss), attributable to non-controlling interests | 20 | -3 |
[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. | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | 2019-12-31 | 2018-12-31 | |
Statement of changes in equity [line items] | |||||||||||||||||||||||||||||||||||
Equity balance at beginning of period (before adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 24,055 | 22,014 | 230 | 238 | 230 | 238 | 276,699 | 272,734 | 13 | 16 | 276,712 | 272,750 | |||||||||||||||||||
Equity balance at beginning of period (after adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 24,055 | 22,014 | 230 | 238 | 230 | 238 | 276,699 | 272,734 | 13 | 16 | 276,712 | 272,750 | |||||||||||||||||||
Changes in equity [abstract] | |||||||||||||||||||||||||||||||||||
Comprehensive income [abstract] | |||||||||||||||||||||||||||||||||||
Profit (loss) for period | 0 | 0 | -4,779 | 14,714 | -4,779 | 14,714 | 18 | 7 | -4,761 | 14,721 | |||||||||||||||||||||||||
Other comprehensive income | 0 | 0 | -756 | 509 | 222 | -8 | 222 | -8 | -534 | 501 | 1 | -10 | -533 | 491 | |||||||||||||||||||||
Total comprehensive income (loss) for period | 0 | 0 | -5,535 | 15,223 | 222 | -8 | 222 | -8 | -5,313 | 15,215 | 19 | -3 | -5,294 | 15,212 | |||||||||||||||||||||
Final dividend paid | 11,250 | 11,250 | 11,250 | ||||||||||||||||||||||||||||||||
Other miscellaneous changes in equity | 1,932 | -1,932 | 0 | 0 | |||||||||||||||||||||||||||||||
Total changes in shareholders equity | 0 | 0 | 1,932 | -5,535 | 2,041 | 222 | -8 | 222 | -8 | -5,313 | 3,965 | 19 | -3 | -5,294 | 3,962 | ||||||||||||||||||||
Equity balance at end of period | 225,000 | 225,000 | 27,414 | 27,414 | 18,520 | 24,055 | 452 | 230 | 452 | 230 | 271,386 | 276,699 | 32 | 13 | 271,418 | 276,712 |
[300700] Statement of cash flows, indirect method |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-12-31 | 2018-12-31 | |
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 | -4,534 | 18,102 | |
Profit (loss) before zakat and income tax from discontinued operations | -3,000 | ||
Profit (loss) for period before zakat and income tax | -4,534 | 15,102 | |
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 | 14,264 | 15,632 | |
Adjustments for amortization and impairment (reversal of impairment) of intangible assets | 8,989 | 290 | |
Adjustments for finance costs | 3,978 | 490 | |
Adjustments for gain (loss) on disposal of property, plant and equipment | -222 | 1 | |
Adjustment for provision of employees' terminal benefit | 2,215 | 3,090 | |
Adjustments for share of profit of an associate and joint venture | -875 | -730 | |
Adjustments for other non-cash expenses | 4,606 | ||
Other adjustments to reconcile profit (loss) before tax to net cash flows | 0 | 53 | |
Total adjustments to reconcile profit (loss) before tax to net cash flows | 28,793 | 23,430 | |
Operating cash flow before working capital changes | 24,259 | 38,532 | |
Adjustments for working capital changes [abstract] | |||
Adjustments for decrease (increase) in inventories | -381 | 1,191 | |
Adjustments for decrease (increase) in trade accounts receivable, net | -199 | 303 | |
Adjustments for decrease (increase) in prepayment | 471 | 72 | |
Adjustments for decrease (increase) in due from related parties | -3,840 | -3,205 | |
Adjustments for increase (decrease) in trade accounts payable | 8,311 | 884 | |
Adjustments for increase (decrease) in due to related parties | -6,041 | 77 | |
Net increase (decrease) due to working capital changes | -1,679 | -678 | |
Net cash flows from (used in) operations | 22,580 | 37,854 | |
Other inflows (outflows) of cash, classified as operating activities [abstract] | |||
Interest paid, classified as operating activities | 2,990 | 1,488 | |
Zakat paid, classified as operating activities | 754 | 763 | |
Total other inflows (outflows) of cash, classified as operating activities | -3,744 | -2,251 | |
Net cash flows from (used in) operating activities | 18,836 | 35,603 | |
Cash flows from (used in) investing activities [abstract] | |||
Proceed from sales of property, plant and equipment | 50 | 269 | |
Purchase of property, plant and equipment | 22,460 | 21,095 | |
Purchase of financial assets | 488 | 1,851 | |
Other inflows (outflows) of cash, classified as investing activities | 0 | -17,250 | |
Net cash flows from (used in) investing activities | -22,898 | -39,927 | |
Cash flows from (used in) financing activities [abstract] | |||
Repayment of debt securities, term loans, borrowings, sukuks and murabahas | 2,538 | ||
Repayments of finance lease liabilities | 7,709 | ||
Dividends paid (other than to non-controlling interest), classified as financing activities | 11,186 | ||
Other inflows (outflows) of cash, classified as financing activities | 10,280 | 14,357 | |
Net cash flows from (used in) financing activities | 33 | 3,171 | |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -4,029 | -1,153 | |
Effect of exchange rate changes on cash and cash equivalents, net | 223 | -147 | |
Net increase (decrease) in cash and cash equivalents | -3,806 | -1,300 | |
Cash and cash equivalents at beginning of period | 6,034 | 7,334 | |
Cash and cash equivalents at end of period | 2,228 | 6,034 |
  | English [member] | Note No. | |
---|---|---|---|
Start Date | 2019-01-01 | 2018-01-01 | |
End Date | 2019-12-31 | 2018-12-31 | |
Disclosure of other non-cash information [line items] | |||
Non-cash supplemental information [text block] | 31138184 |
[400100] Notes forming part of accounts |
  | English [member] | Note No. |
---|---|---|
Start Date | 2019-01-01 | |
End Date | 2019-12-31 | |
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 information about major activities of reporting entity [text block] | ||
Disclosure of other general disclosures about reporting entity [text block] | ||
Disclosure of major shareholders of reporting entity [text block] | ||
Disclosure of determination of control over investee [text block] | ||
Other disclosures about reporting entity [text block] | ||
Disclosure of basis of preparation of financial statements [abstract] | ||
Disclosure of basis of preparation of financial statements [text block] | ||
Disclosure of functional and presentation currency [text block] | ||
Disclosure of note for emphasis of matter/ qualified opinion [text block] | ||
Disclosure of basis of consolidation of financial statements [text block] | ||
Disclosure of critical accounting judgements, estimates and assumptions [abstract] | ||
Disclosure of critical accounting judgements, estimates and assumptions, general [text block] | ||
Disclosure of judgements used in consolidation of a structured entity [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 classification of held-to-maturity investments [text block] | ||
Disclosure of defined benefit plans [text block] | ||
Disclosure of first-time adoption of IFRS [abstract] | ||
Disclosure of estimates [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 segment reporting [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 other notes forming part of accounts [abstract] | ||
Disclosure of bank balances and cash [text block] | ||
Disclosure of inventories [text block] | ||
Disclosure of prepayments [text block] | ||
Disclosure of property, plant and equipment [text block] | ||
Disclosure of intangible assets [text block] | ||
Disclosure of zakat [text block] | ||
Disclosure of dividends [text block] | ||
Disclosure of debt securities, term loans, borrowings, sukuks and murabahas [text block] | ||
Disclosure of employees' terminal benefits [text block] | ||
Disclosure of sales [text block] | ||
Disclosure of selling and distribution expenses [text block] | ||
Disclosure of risk management [abstract] | ||
Disclosure of credit risk [text block] | ||
Disclosure of liquidity risk [text block] | ||
Disclosure of currency risk [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] |