Notes forming part of accounts [line items] | | |
Disclosure of notes and other explanatory information [text block] | there is no | |
Disclosure of general information about reporting entity [abstract] | | |
Disclosure of general information about reporting entity [text block] | The Arab Sea Information Systems Company was registered in the Kingdom of Saudi Arabia as a Saudi joint stock company under Commercial Registration No. 1010169116 issued in the city of Riyadh on 06/27/1422 AH (corresponding to 09/15/2001 AD). | |
Disclosure of information about major activities of reporting entity [text block] | The company is engaged in wholesale and retail trade in computers, machines and office equipment, importing and distributing devices, maintaining and operating computers, electronic and electrical devices, software and their spare parts, extending and maintaining computer networks, and electronic work and software. | |
Disclosure of other general disclosures about reporting entity [text block] | Based on the decision of His Excellency the Minister of Commerce and Industry No. (128 / M) dated 04/14/1429 AH corresponding to 04/20/2008 AD, the legal entity of the company was transferred from a Saudi limited liability company to a Saudi joint stock company. On 09/22/1437 AH (corresponding to 27) / 06 / 2016AD) The Extraordinary General Assembly convened and the Board of Directors and the shareholders decided to offer 20% of the company's shares on the parallel market on 05/02/1438 AH (corresponding to 01/30/2017 AD) The decision of the Capital Market Authority Board was issued approving the company's prospectus and offering 20% of its 2 million shares in the parallel market, at an offer price of 11 Saudi riyals per share, with a total value of 22 million Saudi riyals, and in 2020 the company was moved to the main market. | |
Disclosure of major shareholders of reporting entity [text block] | Muhammad Saleh Muhammad Al-Suhaibani 22.05% Bg Company Ltd. 15.04 | |
Other disclosures about reporting entity [text block] | A Saudi joint stock company with a capital of one hundred million riyals, started its activities in 1980 | |
Disclosure of basis of preparation of financial statements [abstract] | | |
Disclosure of basis of preparation of financial statements [text block] | The financial statements are prepared in accordance with the International Financial Reporting Standards approved in the Kingdom of Saudi Arabia and other versions approved by the Saudi Organization for Certified Public Accountants and in accordance with the requirements of the Articles of Association and the Companies Law. | |
Disclosure of accounting framework used in preparation of financial statements [text block] | he financial statements have been prepared in accordance with the appropriate accounting framework and in compliance with International Financial Reporting Standards | |
Disclosure of statement of compliance [text block] | These condensed interim financial statements have been prepared in accordance with International Accounting Standard No. (34) “Initial Financial Report” adopted in the Kingdom of Saudi Arabia and other standards and publications issued by the Saudi Organization for Certified Public Accountants and must be read along with the company's latest financial statements for the year ending on December 31, 2019. M, which does not include all the information required for a complete set of financial statements prepared in accordance with the International Financial Reporting Standards, but selected accounting policies and explanatory notes have been included to explain important events and transactions to understand the changes in the financial position and financial performance of the group since the last annual financial statements. Among the interim condensed financial statements was the application of IFRS 16, which had no effect on the financial statements. | |
Disclosure of basis of measurement [text block] | The financial statements are prepared on the historical cost basis, which is generally determined on the basis of the fair value of the consideration paid for goods and services, and in accordance with the accrual and going concern principles. | |
Disclosure of going concern [text block] | The company is bound by the principle of continuity when preparing the financial statements and our attention has not been paid, which may cause doubts about the continuity of the company. | |
Disclosure of change in end of the entity's reporting period [text block] | there is no | |
Disclosure of note for emphasis of matter/ qualified opinion [text block] | there is no | |
Disclosure of basis of consolidation of financial statements [text block] | do not apply | |
Other disclosures on basis of preparation of financial statements [text block] | in this company of condensed Primary financial statements, IFRS 16 was applied, which had no effect on the financial statements. | |
Disclosure of critical accounting judgements, estimates and assumptions [abstract] | | |
Disclosure of critical accounting judgements, estimates and assumptions, general [text block] | he significant estimates made by management when applying the Company’s accounting policies and the significant sources of estimation uncertainties were the same as those shown in the last annual financial statements. | |
Disclosure of judgements used in consolidation of a structured entity [text block] | do not apply | |
Disclosure of impairment of non-financial assets [text block] | There is and is clarified in the report | |
Disclosure of fair value of unquoted financial instruments [text block] | The fair value of non-financial assets is measured by taking into account the ability of market participants to achieve economic benefits through the best and maximum use of the asset or selling it to other market dealers who use the asset in the best and maximum way. The company uses appropriate valuation methods according to the circumstances, and sufficient data is available to measure the value. Fair and greater use of observable inputs and reduced use of unobservable inputs | |
Disclosure of revaluation and useful lives of property, plant and equipment, intangible assets and investment properties [text block] | The fair value of non-financial assets is measured by taking into account the ability of market participants to achieve economic benefits through the best and maximum use of the asset or selling it to other market dealers who use the asset in the best and maximum way. The company uses appropriate valuation methods according to the circumstances, and sufficient data is available to measure the value. Fair and greater use of observable inputs and reduced use of unobservable inputs. | |
Disclosure of impairment of financial assets [text block] | The decline in the value of financial assets is reviewed periodically (if any), and this decrease is caught in the financial statements | |
Disclosure of provision for inventory obsolescence [text block] | The inventory aging is reviewed periodically to assess the need to create a provision for the advanced goods | |
Disclosure of classification of held-to-maturity investments [text block] | do not apply | |
Disclosure of judgements used in consolidation of entities in which the group holds less than a majority of voting right (de facto control) [text block] | do not apply | |
Disclosure of estimates used in revenue recognition [text block] | Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company. Revenue can be measured reliably, regardless of the date on which payment is made. Revenue is measured at the fair value of the consideration received | |
Disclosure of deferred tax [text block] | do not apply | |
Disclosure of percentage of completion method [text block] | do not apply | |
Disclosure of hedge accounting and effective interest rate [text block] | There is No | |
Disclosure of hydrocarbon reserve and resource estimates [text block] | do not apply | |
Disclosure of exploration and evaluation expenditures [text block] | do not apply | |
Disclosure of units of production (UOP) depreciation of oil and gas assets [text block] | do not apply | |
Disclosure of recoverability of oil and gas assets [text block] | do not apply | |
Disclosure of decommissioning costs [text block] | Be remedied according to international standards | |
Disclosure of ore reserve and mineral resource estimates [text block] | do not apply | |
Disclosure of judgements used in operating lease commitments [text block] | Be remedied according to international standards | |
Disclosure of judgements used for assets held for distribution and non-cash distribution [text block] | do not apply | |
Disclosure of defined benefit plans [text block] | do not apply | |
Disclosure of fair value for share-based payments [text block] | there is no | |
Disclosure of estimates used in development costs [text block] | The significant estimates made by management when applying the group's accounting policies and the significant sources of estimation uncertainties were the same as those shown in the most recent annual financial statements. | |
Other disclosures on critical accounting judgements, estimates and assumptions [text block] | The significant estimates made by management when applying the group's accounting policies and the significant sources of estimation uncertainties were the same as those shown in the most recent annual financial statements. | |
Disclosure of first-time adoption of IFRS [abstract] | | |
Disclosure of period of adopting of IFRS [text block] | All periods in the lists follow international standards | |
Disclosure of changes made from first Interim IFRS financial statements to first IFRS financial statements [text block] | There are no changes | |
Disclosure of exemptions adopted that are permitted for first-time adopters [text block] | There is No | |
Disclosure of effects of transition from SOCPA to IFRS [text block] | There is No | |
Disclosure of estimates [text block] | Estimates are reviewed periodically at the end of each period | |
Other disclosures on first-time adoption of IFRS [text block] | international Standard No. 16 was followed for the first time, and there is no significant accounting impact for its application | |
Disclosure of summary of significant accounting policies [abstract] | | |
Disclosure of summary of significant accounting policies, general comment [text block] | The company follows accounting policies in accordance with the accounting framework of the International Financial Reporting Standards used | |
Description of accounting convention [text block] | The financial statements have been prepared using the measurement bases defined by IFRS | |
Description of accounting policy for cash and cash equivalents [text block] | Cash and cash equivalents include bank balances, cash in hand, short-term deposits, demand deposits, and highly liquid investments with maturities of three months or less that can be easily converted into known amounts of cash and are subject to insignificant risk of changes in value. | |
Description of accounting policy for current/ non-current classification [text block] | The company shows the assets and liabilities in the balance sheet as "current / non-current". Assets are considered current: when they are expected to be realized or intend to sell or deplete them during the normal cycle of operations, in the event that they are mainly acquired for trading purposes, when they are expected to be realized within twelve months after the financial period, or when they are cash and cash equivalents unless there are restrictions on their replacement Or use it to pay any liabilities for a period of not less than twelve months after the financial period. All other assets are classified as non-current assets. All liabilities are considered current: when they are expected to be paid during the normal cycle of operations, in the event that they are mainly acquired for trading purposes, when they are due within twelve months after the financial period, or when there is no unconditional right to postpone the payment of the liabilities for a period of not less than twelve months After the fiscal period. The company classifies all other liabilities as non-current liabilities. Deferred tax assets and liabilities are classified as non-current assets and liabilities. | |
Description of accounting policy for financial assets [text block] | تصنف االصول المالية عند االثبات األولي بالقيمة العادلة زائدا، في حالة أصل مالي ليس بالقيمة العادلة من خالل الربح أو الخسارة، تكاليف المعاملة التي يمكن عزوها – بشكل مباشر -إلى اقتناء االصل المالي، وتقاس الحقا بالقيمة العادلة من خالل قائمة الدخل الشامل االخر، أو بالتكلفة المستنفدة، أو بالقيمة العادلة من خالل قائمة الربح أو الخسارة. يتم قياس االصل المالي بالتكلفة المستنفدة إذا تم استيفاء كل من الشرطين التاليين: - يُحتفظ باألصل المالي ضمن نموذج أعمال هدفه هو االحتفاظ باألصول المالية لتحصيل التدفقات النقدية التعاقدية. - ينشأ عن الشروط التعاقدية لألصل المالي، في تواريخ محددة، تدفقات نقدية تُعد -فقط -دفعات من المبلغ االصلي والفائدة على المبلغ االصلي القائم. يتم قياس االصل المالي بالقيمة العادلة من خالل قائمة الدخل الشامل االخر اذا تم استيفاء كل من الشرطين التاليين: - يُحتفظ باألصل المالي ضمن نموذج أعمال يتم تحقيق هدفه من خالل تحصيل التدفقات النقدية التعاقدية وبيع االصول المالية. - ينشأ عن الشروط التعاقدية لألصل المالي، في تواريخ محددة، تدفقات نقدية تُعد -فقط -دفعات من المبلغ االصلي والفائدة على المبلغ االصلي القائم. يتم قياس االصل المالي بالقيمة العادلة من خالل قائمة الربح أو الخسارة ما لم يتم قياسه بالتكلفة المستنفدة أو بالقيمة العادلة من خالل الدخل الشامل االخر | |
Description of accounting policy for associates and joint ventures [text block] | do not apply | |
Description of accounting policy for inventories [text block] | the inventory consists of computer equipment and accessories. Inventories are stated at cost and net realizable value, whichever is the lower. The cost is determined using the weighted average method. Net realizable value represents the estimated selling price | |
Description of accounting policy for inventory real estate properties [text block] | do not apply | |
Description of accounting policy for property, plant and equipment [text block] | property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. This cost includes the cost of replacing part of the property and equipment and borrowing costs related to those assets (qualifying assets) in the case of fulfilling the evidentiary criteria. All other costs such as general and administrative expenses and training costs are excluded.Any feasibility study costs are charged to expenses when incurred unless they relate to a specifically identifiable asset that is built internally and is directly related to it. Pre-operation during the start-up period after deducting the proceeds from the sale of the trial production as part of the cost of the item of property and equipment, provided that the cost is directly related to it and which will meet the evidentiary standards, and up to the stage in which the asset is in a ready-to-use state for the purpose for which it was created. When the cost of parts of property and equipment is significant compared to the total cost of the item, and when these parts / components individually have a different useful life than other parts They are to be replaced at different time intervals, the company individually identifies these parts as assets with specified useful lives, and depreciates accordingly. Likewise, when a major inspection is performed (comprehensive periodic maintenance / scheduled or unscheduled work stoppage), the related cost is recognized directly in the book value of property and equipment if the evidence criteria are met, and a separate item with a useful life generally equal to the period of time is recorded. The next scheduled main examination (comprehensive periodic maintenance). In the event that the periodic comprehensive maintenance is performed before the scheduled date, the current carrying value of the previous comprehensive maintenance is recognized as an expense immediately. All other repair and maintenance costs are recognized in the statement of profit or loss when incurred. The current cost of the expected cost of removing the assets after they have been used in the cost of the relevant asset in case the provision recognition criteria are met The company evaluates expectations and estimates periodically regarding the obligation related to asset removal (if any). Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as follows: Leasehold improvements 10 years Rental cars that end with ownership 4 years Office equipment 10 years Furniture and furnishings 10 years Number and tools C 5 years The value, useful lives and methods of depreciation of the assets are reviewed and adjusted retrospectively, if appropriate, at the end of each fiscal year. Assets under construction, which are not ready for their intended purpose, are not depreciated. | |
Disclosure of accounting policy for oil and natural gas exploration, evaluation and development expenditure [text block] | do not apply | |
Disclosure of accounting policy for mine properties [text block] | do not apply | |
Description of accounting policy for intangible assets [text block] | Intangible assets acquired separately are measured on initial recognition at cost. Intangible assets acquired in the acquisition process are measured at fair value at the date of acquisition. After initial recognition, intangible assets are stated at cost less accumulated amortization and accumulated impairment losses, if any. The useful lives of intangible assets are classified as finite or indefinite. Intangible assets that have a finite life are amortized over their estimated useful lives, and they are reviewed to ensure that their value is impaired when there is evidence indicating that such decline has occurred. The period and method of amortization of intangible assets that have a finite life are reviewed at least once at the end of each financial year. Changes in the expected useful life or the method of depletion of future economic benefits that are included in the asset are accounted for by changing the amortization period or method, as appropriate, and are considered as changes in accounting estimates. The amortization expense on intangible assets that have a finite life is included in the statement of profit or loss as an expense in line with the function of the intangible assets. The amortization periods for intangible assets that have a finite useful life are as follows: Computer programs 20 years Technical and innovative assets, licenses and others 20 years The useful life of intangible assets that have a finite life is reviewed regularly to determine whether there is any indication that the valuation is That was made for the useful life is still valid. Otherwise, the change in the useful life evaluation is made on a prospective basis. Intangible assets that do not have a finite life are not amortized. Rather, they are tested annually to ensure that their value is impaired, individually or at the cash-generating unit level. Gains or losses arising from discontinuation of recognition of intangible assets are measured as the difference between the net disposal proceeds and the carrying amount of the asset. They are recognized in the statement of profit or loss when the asset is no longer recognized. | |
Description of accounting policy for impairment of financial and non-financial assets [text block] | تقوم الشركة بتاريخ إعداد كل قوائم مالية، بإجراء تقويم للتأكد من وجود دليل موضوعي علي وجود انخفاض في قيمة أصل مالي ما أو مجموعة من االصول المالية التي يتم قياسھا بالتكلفة المستنفدة وعلى االصول المالية التي يتم قياسھا بالقيمة العادلة من خالل الدخل الشامل االخر. يعتبر األصل المالي أو مجموعة من االصول المالية منخفضة القيمة فقط إذا كان هناك دليل موضوعي علي وقوع الھبوط في القيمة كنتيجة لوقوع حدث أو أكثر بعد اإلثبات األولي لألصل وأن لحدوث الخسارة أثر علي التدفقات النقدية المستقبلية المقدرة لألصل المالي أو مجموعة من االصول المالية التي يمكن تقديرها بشكل موثوق به، يشتمل الدليل على وقوع الھبوط على مؤشرات توحي بأن المدينين أو مجموعة من المدينين تعاني من صعوبات مالية هامة أو إخفاق أو تأخير في سداد العموالت أو أصل المبلغ، أو احتمال اإلفالس أو أعادة هيكلة مالية أخرى، وعندما تشير البيانات القابلة للمالحظة إلى وجود انخفاض قابل للقياس في التدفقات النقدية المستقبلية المقدرة، مثل التغيرات في الظروف االقتصادية المرتبطة بحاالت االخفاق في السداد. | |
Description of accounting policy for foreign currencies [text block] | In principle, foreign currency transactions are converted by the company at the spot rates prevailing in the functional currency specified on the date on which the transactions first qualify for evidence. Monetary assets and liabilities recorded in foreign currencies are translated at the spot exchange rates in the functional currency at the reporting date. | |
Description of accounting policy for trade accounts payable and accruals [text block] | These amounts represent the obligations related to the goods and services provided to the company before the end of the financial year, and which have not been paid. These amounts are not guaranteed and are usually payable during the financial year. Trade and other payables are shown as current liabilities unless payment is not due within 12 months after the date of preparing the financial statements, and they are originally recognized at fair value, and the cost depreciated is subsequently measured using the actual commission. | |
Description of accounting policy for provisions [text block] | Provisions are recognized when there are current obligations (legal or anticipated) on the company resulting from previous events, and that it is likely that it will require the use of resources that include economic benefits to settle the obligation and that the amount of the obligation can be estimated reliably. For example, some or all of the provisions under an insurance contract, the recovered amounts are recognized as a separate asset and that is only when the recovery process is really certain.The expense related to the provision is presented in the statement of profit or loss after deducting any recoveries. The provisions are deducted using the current pre-tax rate that reflects, when appropriate, the risks associated with that obligation. When using the discount, the increase in the provision due to the passage of time is recognized as a financing cost. | |
Description of accounting policy for debt securities, term loans, borrowings, sukuks and murabahas [text block] | Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not traded in an active financial market. After initial measurement, these financial assets are measured at cost depleted using the effective commission rate method less impairment in value. The depreciated cost is calculated after taking into account the discount or premium on purchase, as well as any fees or costs that are an integral part of the actual commission rate. The effective commission rate amortization is included in finance income in the statement of profit or loss. The losses arising from impairment in value are recognized in the statement of profit or loss in finance costs for loans and in cost of sales or other operating expenses in relation to receivables. | |
Description of accounting policy for employees' terminal benefits [text block] | The end of service indemnity provision for employees is calculated according to the expected unit cost method in accordance with IAS 19 “Employee benefits” taking into consideration the work system in the Kingdom of Saudi Arabia, | |
Description of accounting policy for zakat [text block] | The company calculates and records zakat provision on the basis of the Zakat base in its financial statements in accordance with the laws and regulations of the General Authority of Zakat and Income in the Kingdom of Saudi Arabia. Zakat is an obligation on the company and is absorbed in the financial statements by uploading it to the list of profits or losses, in accordance with the Zakat standard issued by the Saudi Organization for Certified Public Accountants, and the differences between the provision and the final assessment are dealt with in the year in which the assessment is received after being approved by the General Authority of Zakat and Income. | |
Description of accounting policy for statutory reserves [text block] | Statutory reserve is formed in accordance with the articles of association of the company | |
Description of accounting policy for revenue recognition [text block] | Revenue from contracts with customers is recognized using a five-step model: 1. Determining the contract 2. Fulfilling performance obligations 3. Determining the transaction price 4. Assigning the transaction price to performance obligations 5. Revenue recognition When the company fulfills performance obligations, the entity recognizes its revenue when it is made ( Or when) the performance obligation is fulfilled, that is, when it transfers to the customer the “control” of the goods or services associated with the performance obligation related to the extent that it is likely that economic benefits will flow to the company. | |
Description of accounting policy for selling and distribution expenses [text block] | This item includes the costs incurred to implement or facilitate all selling activities in the company. These costs usually include the salaries of sales representatives, marketing and distribution expenses, logistical expenses, as well as commissions and fees. These expenses also include the distribution of general indirect expenses. | |
Description of accounting policy for general and administrative expenses [text block] | This item relates to operating expenses that are not directly related to selling any goods or providing services. It also includes the allocation of general indirect expenses that are not specifically related to cost of sales or selling and distribution expenses. Indirect expenses are allocated between cost of sales, selling and distribution, and general and administrative expenses, when required, on a consistent basis. | |
Description of accounting policy for share-based payments [text block] | Within the framework of international standards | |
Description of accounting policy for segment reporting [text block] | The operating sectors of the company are determined based on internal reports that are reviewed regularly by the company’s management in order to evaluate its performance. Note that the decision maker in the company is the CEO. | |
Description of accounting policy for accounting of leases [text block] | It is accounted for leases in accordance with Standard No. 16 | |
Description of accounting policy for research and development costs [text block] | Research costs related to internally developed programs and technical and innovative assets are expensed as incurred. Development expenses for internally developed assets are recognized as intangible assets when the company is able to separate those expenses from research costs, and the technical feasibility of completing the intangible assets so that they are available for use or sale, their intention to complete and their ability to use or sell the asset, and how the asset generates benefits Future economic, availability of technical, financial and other resources to complete the development and to use or sell the intangible asset, its ability to measure - in a reliable way - the expense that goes back to the intangible asset during its development. | |
Description of accounting policy for government subsidies and grants [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for contingent gains or loss [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for business combinations and goodwill [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for fair value measurement [text block] | The fair value is the price that will be received when an asset is sold or paid upon transferring a liability according to an orderly transaction between market participants at the measurement date. The fair value measurement is determined assuming that the transaction to sell the asset or transfer a liability takes place either: in the principal market for the asset or liability, or in the absence of the principal market, in the most advantageous market for the asset or liability. The fair value of the assets or liabilities is measured taking into account the ability of market participants to achieve economic benefits through the best and maximum use of the asset or its sale to other market participants who use the asset in the best and maximum manner. The company uses appropriate valuation methods according to the circumstances, and sufficient data is available to measure fair value, increase the use of observable inputs, and reduce the use of unobservable inputs All assets and liabilities that are measured at fair value or disclosed in the financial statements are classified within the hierarchy of the fair value levels mentioned below On the basis of the lowest level input that is significant to the fair value measurement as a whole: Level One: The quoted prices in an active market for similar assets or liabilities (i.e. without modifying or renewing prices). Direct or indirect Level Three: Valuation methods that are not considered the lowest level inputs - significant to fair value measurement - are unobservable.For assets and liabilities that are repeatedly recorded in the financial statements at fair value, the company checks whether the conversion between the hierarchy of levels The fair value is by re-evaluating the classification (based on the lowest level input that is significant to the fair value measurement as KK) L) At the end of each period. Policies and procedures for each of the fair value measurements are frequently evaluated on a regular basis, such as non-current available-for-sale financial assets, and infrequently, such as assets intended for distribution in discontinued operations. For the purpose of fair value disclosure, the company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of assets and liabilities and the hierarchy of levels of fair value measurement mentioned above. | |
Description of accounting policy for income and other taxes including deferred taxes [text block] | في اطار المعايير الدولية للتقرير المالي | |
Description of accounting policy for non-current assets held for distribution to equity holders of the parent and discontinued operations [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for cash dividend and non-cash distribution to equity holders of the parent [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for borrowing costs [text block] | The costs of the loans that are used directly to finance the constructions during the daily period are capitalized to complete those assets, and other costs are recorded as an expense in the finance cost. | |
Description of accounting policy for derivative financial instruments and hedge accounting [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for convertible preference shares[text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for treasury shares [text block] | Within the framework of international financial reporting standards | |
Description of accounting policy for financial liabilities[text block] | Financial liabilities are recognized upon initial recognition at fair value less, in the case of a financial commitment not at fair value through profit or loss, transaction costs that can be directly attributed to the issuance of a financial liability: All financial liabilities are classified as being measured - subsequently - At depleted cost, except for the following: a) Financial liabilities at fair value through profit or loss Such financial liabilities, including derivatives that are liabilities, must be subsequently measured at fair value b) Financial liabilities that arise when the transfer does not qualify. A financial asset for derecognition or when the continuous engagement approach applies. C) Financial guarantee contracts: After initial recognition, the issuer of such a contract must measure it - subsequently - by whichever is greater: 1. The amount of the loss provision to be determined 2. The amount that has been recognized - Initially minus, when appropriate, the aggregate amount of income that is recognized d) Commitments to providing a loan at an interest rate lower than the market rate In principle, all financial obligations are recognized when the company becomes a party to the contractual provisions and obligations of a tool Why? Liabilities are recorded at fair value, and for loans and payables, they are shown at the amounts received, net of the transaction costs directly related to them. Financial liabilities carried at fair value through profit or loss continue to be recorded at fair value. Changes in the statement of profit or loss and changes in value resulting from credit risk are included in the statement of other comprehensive income. | |
Description of accounting policy for investment properties[text block] | Within the framework of international financial reporting standards | |
Description of other accounting policies relevant to understanding of financial statements [text block] | Within the framework of international financial reporting standards | |
Disclosure of changes in accounting policies, changes in estimates, changes in reporting entity and errors correction [abstract] | | |
Description of changes in accounting policies [text block] | Changes are reviewed periodically at the end of each period | |
Description of changes in accounting estimates [text block] | Changes are reviewed periodically at the end of each period | |
Description of prior periods errors [text block] | Not recognizing part of the cost of inventory and recording it as cost of sales | |
Disclosure of new and amended standards and interpretations [text block] | International Financial Reporting Standard No. (16) - Lease Contracts The International Accounting Standards Board issued a new standard for proof of lease contracts, and this standard will replace: International Accounting Standard No. (17): Lease Contracts Interpretation No. (4) issued by the International Financial Reporting Interpretations Committee: To ascertain whether the arrangement involves the lease agreement Interpretation No. (15) issued by the Permanent Interpretations Committee - Operational lease contracts - Incentives Interpretation No. (27) issued by the Permanent Interpretations Committee: Evaluating the essence of the transactions that take the legal form of the lease contract. According to the International Accounting Standard No. (17), lessees were required to distinguish between a finance lease (on the balance sheet) and operating leases (off the balance sheet). IFRS 16 now requires lessees to demonstrate a lease commitment that reflects future lease payments and a "right to use asset" for all lease contracts. The International Accounting Standards Board has included a voluntary exemption regarding some short-term leases. According to IFRS 16, a contract is considered a lease or involves a lease if the contract conveys control over the use of a specific asset for a specific period in return. The mandatory date for implementation of the standard is January 1, 2019, and the application of the standard has no effect on the financial statements of the company. | |
Disclosure of other notes forming part of accounts [abstract] | | |
Disclosure of bank balances and cash [text block] | Bank matches were made and certificates extracted from the relevant banks | |
Disclosure of short-term deposits [text block] | There is No | |
Disclosure of financial assets [text block] | International Standard 9 applies to customer ages | |
Disclosure of trade account receivables [text block] | An inventory of the goods was taken and the goods were matched on the system | |
Disclosure of inventories [text block] | There is No | |
Disclosure of inventory real estate properties [text block] | They are indicated in the budget for the period | |
Disclosure of other receivables [text block] | They are indicated in the budget for the period | |
Disclosure of prepayments [text block] | There is No | |
Disclosure of murabahas [text block] | There is No | |
Disclosure of due from related parties [text block] | There is No | |
Disclosure of other current assets [text block] | There is No | |
Disclosure of bank overdraft [text block] | There is No | |
Disclosure of investment in joint ventures and associates [text block] | There is No | |
Disclosure of property, plant and equipment [text block] | There is No | |
Disclosures of investment properties, including investment properties under construction [text block] | There is No | |
Disclosures of goodwill [text block] | There is No | |
Disclosure of assets subject to finance lease [text block] | There is No | |
Disclosure of exploration and evaluation assets [text block] | There is No | |
Disclosure of oil and gas properties [text block] | There is No | |
Disclosure of mine properties [text block] | The explanation is in the report | |
Disclosure of intangible assets [text block] | The explanation is in the report | |
Disclosure of other non-current assets [text block] | There is No | |
Disclosure of short term borrowing [text block] | The explanation is in the report | |
Disclosure of trade account payable [text block] | The explanation is in the report | |
Disclosure of accrued expenses [text block] | The explanation is in the report | |
Disclosure of due to related parties [text block] | The explanation is in the report | |
Disclosure of zakat [text block] | there is no | |
Disclosure of income tax [text block] | The explanation is in the report | |
Disclosure of deferred revenue [text block] | There is No | |
Disclosure of dividends [text block] | There is No | |
Disclosure of other current liabilities [text block] | There is No | |
Disclosure of debt securities, term loans, borrowings, sukuks and murabahas [text block] | The explanation is in the report | |
Disclosure of employees' terminal benefits [text block] | There is No | |
Disclosure of long term accounts payable [text block] | There is No | |
Disclosure of other non-current liabilities [text block] | The explanation is in the report | |
Disclosure of share capital [text block] | there is no | |
Disclosure of treasury shares [text block] | The explanation is in the report | |
Disclosure of statutory reserves [text block] | The explanation is in the report | |
Disclosure of general reserve [text block] | There is No | |
Disclosure of government subsidies and grants [text block] | There is No | |
Disclosure of share premium [text block] | There is No | |
Disclosure of foreign currency translation adjustments [text block] | The explanation is in the report | |
Disclosure of retained earnings/ accumulated losses [text block] | There is No | |
Disclosure of non-controlling interests [text block] | The explanation is in the report | |
Disclosure of sales [text block] | The first period, in addition to inventory purchases and amortization direct expenses minus stock last period | |
Disclosure of cost of sales [text block] | The explanation is in the report | |
Disclosure of selling and distribution expenses [text block] | The explanation is in the report | |
Disclosure of general and administrative expenses [text block] | The explanation is in the report | |
Disclosure of other operating expenses [text block] | The explanation is in the report | |
Disclosure of provisions [text block] | There is No | |
Disclosure of royalties [text block] | The explanation is in the report | |
Disclosure of other income, net [text block] | The explanation is in the report | |
Disclosure of other expenses, net [text block] | The explanation is in the report | |
Disclosure of earnings per share [text block] | The explanation is in the report | |
Disclosure of leases [text block] | The explanation is in the report | |
Disclosure of related party transactions [text block] | The explanation is in the report | |
Disclosure of segments reporting [text block] | The explanation is in the report | |
Disclosure of risk management [abstract] | | |
Disclosure of credit risk [text block] | The explanation is in the report | |
Disclosure of liquidity risk [text block] | The explanation is in the report | |
Disclosure of interest rate risk [text block] | The explanation is in the report | |
Disclosure of currency risk [text block] | The explanation is in the report | |
Disclosure of subsequent events [text block] | The explanation is in the report | |
Disclosure of commitments and contingencies [text block] | There is No | |
Disclosure of comparative figures and restatements [text block] | The explanation is in the report | |
Disclosure of board of director's approval of the financial statements [text block] | The explanation is in the report | |
Disclosure of capital management [text block] | The explanation is in the report | |
Disclosure of fair value hierarchy [text block] | The explanation is in the report | |
Disclosure of financial liabilities [text block] | There is No | |
Disclosure of share based payment [text block] | There is No | |
Disclosure of hedging activities and derivatives [text block] | There is No | |
Disclosures of assets held for sale and discontinued operations [text block] | There is No | |
Disclosures of business combination [text block] | The explanation is in the report | |
Disclosures of component of other comprehensive income [text block] | The explanation is in the report | |
Disclosure of other notes relevant to understanding of financial statements [text block] | The explanation is in the report | |