[100010] Filing information | [200100] Independent auditors report | [300200] Statement of financial position, current/ non-current | |||
[300400] Statement of income, function 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 | 2022-04-01 | 2021-04-01 |
End Date | 2022-06-30 | 2021-06-30 |
Filing information [line items] | ||
Disclosure of entity information [abstract] | ||
Name of reporting entity | Saudi Tadawul Group Holding Co. | |
Company symbol code| ISIN code | 1111 | SA15DHKGHBH4 | |
Sector| Industry group | Financials | Capital Markets | |
Disclosure of document information [abstract] | ||
Whether entity wants to report opening statement of financial position | No | |
Period covered by financial statements | Quarter 2 | |
Reporting period start date | 2022-04-01 | 2021-04-01 |
Reporting period end date | 2022-06-30 | 2021-06-30 |
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 | Actuals | |
Method of presentation of statement of financial position | Current, non-current | |
Method of presentation of statement of income | Function of expense |
[200100] Independent auditors report |
  | Primary auditor [member] | Second primary auditor [member] |
---|---|---|
  | English [member] | English [member] |
Start Date | 2022-04-01 | 2022-04-01 |
End Date | 2022-06-30 | 2022-06-30 |
Auditors information [line items] | ||
Details of auditors signing report [abstract] | ||
Name of auditor signing report | Waleed G. Tawfiq | |
Registration number of auditor | 437 | |
Details of audit firm [abstract] | ||
Name of audit firm | Ernst & Young Professional Services (Professional LLC) | |
Registration number of audit firm | 1010383821 | |
Contact number of audit firm | 011 273 4740 | |
Address of audit firm | Head OfficeAl Faisaliah Office Tower, 14th FloorKing Fahad RoadP.O. Box 2732Riyadh 11461Kingdom of Saudi Arabia |
  | English [member] |
---|---|
Start Date | 2022-04-01 |
End Date | 2022-06-30 |
Auditors report [line items] | |
Disclosures of auditors report [text block] | INDEPENDENT AUDITOR’S REVIEW REPORT ON THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS TO THE SHAREHOLDERS OF SAUDI TADAWUL GROUP HOLDING COMPANY (A SAUDI JOINT STOCK COMPANY) Introduction We have reviewed the accompanying condensed consolidated interim statement of financial position of Saudi Tadawul Group Holding Company ( A Saudi Joint Stock Company) (the “Company”) and its subsidiaries (collectively referred to as the “Group”) as at 30 June 2022 and the related condensed consolidated interim statements of comprehensive income for the three-month and six-month periods then ended, and the related condensed consolidated interim changes in equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (“IAS 34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410,“Review of Interim Financial Information Performed by the Independent Auditor of the Entity” endorsed in the Kingdom of Saudi Arabia. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia. Other matter The consolidated financial statements of the Group for the year ended 31 December 2021 were audited by another auditor who express an unmodified opinion on those consolidated financial statements on 09 March 2022. Further, the condensed consolidated interim financial statements of the Group for the six-month period ended 30 June 2021 were reviewed by another auditor who express and unmodified review conclusion on those financial statements on 17 August 2021. for Ernst & Young Professional Services Waleed G. Tawfiq Certified Public Accountant License No. (437) Riyadh: 15 Muharram 1444H (13 August 2022) |
Contents of auditors report [abstract] | |
Nature of auditors opinion | Unmodified opinion |
Auditors opinion | INDEPENDENT AUDITOR’S REVIEW REPORT ON THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS TO THE SHAREHOLDERS OF SAUDI TADAWUL GROUP HOLDING COMPANY (A SAUDI JOINT STOCK COMPANY) Introduction We have reviewed the accompanying condensed consolidated interim statement of financial position of Saudi Tadawul Group Holding Company ( A Saudi Joint Stock Company) (the “Company”) and its subsidiaries (collectively referred to as the “Group”) as at 30 June 2022 and the related condensed consolidated interim statements of comprehensive income for the three-month and six-month periods then ended, and the related condensed consolidated interim changes in equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (“IAS 34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410,“Review of Interim Financial Information Performed by the Independent Auditor of the Entity” endorsed in the Kingdom of Saudi Arabia. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia. Other matter The consolidated financial statements of the Group for the year ended 31 December 2021 were audited by another auditor who express an unmodified opinion on those consolidated financial statements on 09 March 2022. Further, the condensed consolidated interim financial statements of the Group for the six-month period ended 30 June 2021 were reviewed by another auditor who express and unmodified review conclusion on those financial statements on 17 August 2021. for Ernst & Young Professional Services Waleed G. Tawfiq Certified Public Accountant License No. (437) Riyadh: 15 Muharram 1444H (13 August 2022) |
Basis of opinion | INDEPENDENT AUDITOR’S REVIEW REPORT ON THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS TO THE SHAREHOLDERS OF SAUDI TADAWUL GROUP HOLDING COMPANY (A SAUDI JOINT STOCK COMPANY) Introduction We have reviewed the accompanying condensed consolidated interim statement of financial position of Saudi Tadawul Group Holding Company ( A Saudi Joint Stock Company) (the “Company”) and its subsidiaries (collectively referred to as the “Group”) as at 30 June 2022 and the related condensed consolidated interim statements of comprehensive income for the three-month and six-month periods then ended, and the related condensed consolidated interim changes in equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (“IAS 34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410,“Review of Interim Financial Information Performed by the Independent Auditor of the Entity” endorsed in the Kingdom of Saudi Arabia. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia. Other matter The consolidated financial statements of the Group for the year ended 31 December 2021 were audited by another auditor who express an unmodified opinion on those consolidated financial statements on 09 March 2022. Further, the condensed consolidated interim financial statements of the Group for the six-month period ended 30 June 2021 were reviewed by another auditor who express and unmodified review conclusion on those financial statements on 17 August 2021. for Ernst & Young Professional Services Waleed G. Tawfiq Certified Public Accountant License No. (437) Riyadh: 15 Muharram 1444H (13 August 2022) |
Date of signing audit report by auditor | 2022-08-13 |
[300200] Statement of financial position, current/ non-current |
Start Date | 2022-01-01 | 2021-01-01 | 2021-01-01 | Note No. |
---|---|---|---|---|
End Date | 2022-06-30 | 2021-06-30 | 2021-12-31 | |
Statement of financial position [abstract] | ||||
Assets [abstract] | ||||
Current assets [abstract] | ||||
Bank balances and cash | 158,942,777 | 213,310,635 | 86,197,458 | |
Trade accounts receivable | 80,369,228 | 91,462,332 | 60,547,611 | |
Prepayments | 109,306,720 | 95,564,089 | 108,059,619 | |
Investments | 2,508,185,691 | 2,280,742,878 | 2,631,732,808 | |
Clearing participant financial assets | 4,028,652,670 | 16,794,735 | 18,013,567 | |
Total | 6,885,457,086 | 2,697,874,669 | 2,904,551,063 | |
Total current assets | 6,885,457,086 | 2,697,874,669 | 2,904,551,063 | |
Non-current assets [abstract] | ||||
Property, plant and equipment | 51,824,406 | 44,695,306 | 56,056,384 | |
Intangible assets other than goodwill, net | 158,838,106 | 149,967,611 | 144,727,277 | |
Investments in associates and joint ventures | 373,220,618 | 377,271,847 | 375,616,085 | |
Investment | 55,494,539 | 55,274,008 | 55,272,377 | |
Right of use assets | 11,816,355 | 13,482,347 | 7,120,394 | |
Total non-current assets | 651,194,024 | 640,691,119 | 638,792,517 | |
Total assets | 7,536,651,110 | 3,338,565,788 | 3,543,343,580 | |
Liabilities and equity [abstract] | ||||
Liabilities [abstract] | ||||
Current liabilities [abstract] | ||||
Trade accounts payables | 11,696,954 | 116,554,829 | 6,785,710 | |
Accrued expenses | 226,597,698 | 90,323,948 | 236,085,074 | |
Finance lease, current | 5,708,066 | 4,999,751 | 982,913 | |
Zakat payable | 36,988,625 | 25,789,235 | 66,663,698 | |
Deferred revenue, current | 58,997,670 | 52,160,231 | 3,214,902 | |
Margin deposits from clearing participants | 4,026,450,225 | 16,794,735 | 18,013,349 | |
Balance due to Capital Market Authority (CMA) | 58,619,375 | 63,313,754 | 22,280,843 | |
Total | 4,425,058,613 | 369,936,483 | 354,026,489 | |
Total current liabilities | 4,425,058,613 | 369,936,483 | 354,026,489 | |
Non-current liabilities [abstract] | ||||
Employees' terminal benefits | 100,847,285 | 90,475,432 | 96,876,185 | |
Finance leases, non-current | 0 | 1,487,276 | 0 | |
Total non-current liabilities | 100,847,285 | 91,962,708 | 96,876,185 | |
Total liabilities | 4,525,905,898 | 461,899,191 | 450,902,674 | |
Equity [abstract] | ||||
Shareholder's equity [abstract] | ||||
Share capital | 1,200,000,000 | 1,200,000,000 | 1,200,000,000 | |
Statutory Reserve | 360,000,000 | 376,963,633 | 360,000,000 | |
General Reserve | 1,114,180,214 | |||
Retained earnings (accumulated losses) | 1,450,745,212 | 185,522,750 | 1,532,440,906 | |
Equity attributable to owners of parent | 3,010,745,212 | 2,876,666,597 | 3,092,440,906 | |
Total equity | 3,010,745,212 | 2,876,666,597 | 3,092,440,906 | |
Total liabilities and equity | 7,536,651,110 | 3,338,565,788 | 3,543,343,580 |
[300400] Statement of income, function of expense |
Start Date | 2022-04-01 | 2021-04-01 | 2022-01-01 | 2021-01-01 | Note No. |
---|---|---|---|---|---|
End Date | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | |
Statement of income [abstract] | |||||
Profit (loss) [abstract] | |||||
Continuing operations [abstract] | |||||
Operating profit (loss) [abstract] | |||||
Operating income [abstract] | |||||
Gross profit (loss) [abstract] | |||||
Revenue | 298,112,221 | 313,537,847 | 592,061,213 | 645,907,783 | |
Cost of sales | 101,350,999 | 82,352,022 | 189,052,319 | 174,617,827 | |
Gross profit (loss) | 196,761,222 | 231,185,825 | 403,008,894 | 471,289,956 | |
Total operating income | 196,761,222 | 231,185,825 | 403,008,894 | 471,289,956 | |
Operating expenses [abstract] | |||||
General and administrative expenses | 57,858,500 | 55,219,301 | 108,359,700 | 98,383,590 | |
Impairment loss on financial assets | 1,344,548 | 96,034 | 3,504,831 | 1,069,855 | |
Total operating expenses | 59,203,048 | 55,315,335 | 111,864,531 | 99,453,445 | |
Operating profit (loss) | 137,558,174 | 175,870,490 | 291,144,363 | 371,836,511 | |
Finance costs | 42,850 | 73,083 | 95,170 | 143,432 | |
Share of profit (loss) of joint ventures and associates | -800,370 | -895,100 | -2,395,467 | -1,623,446 | |
Other income (expenses), net | 2,836,749 | 2,608 | 2,836,951 | 156,789 | |
Investment income | 14,352,330 | 5,771,213 | 24,270,798 | 17,166,693 | |
Profit (loss) before zakat and income tax from continuing operations | 153,904,033 | 180,676,128 | 315,761,475 | 387,393,115 | |
Zakat expenses on continuing operations for period | 16,234,861 | -388,556 | 37,457,169 | 25,348,897 | |
Profit (loss) for period from continuing operations | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 | |
Profit (loss) for period | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 | |
Profit (loss), attributable to [abstract] | |||||
Profit (loss), attributable to equity holders of parent company | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 | |
Earnings per share [abstract] | |||||
Basic earnings (loss) per share [abstract] | |||||
Basic earnings (loss) per share from continuing operations | 1.15 | 1.51 | 2.32 | 3.02 | |
Total basic earnings (loss) per share | 1.15 | 1.51 | 2.32 | 3.02 | |
Weighted average number of equity shares outstanding | 120000000 | 120000000 | 120000000 | 120000000 |
[300500] Statement of other comprehensive income, before tax |
Start Date | 2022-04-01 | 2021-04-01 | 2022-01-01 | 2021-01-01 | Note No. |
---|---|---|---|---|---|
End Date | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | |
Statement of other comprehensive income, before tax [abstract] | |||||
Statement of comprehensive income [abstract] | |||||
Profit (loss) for period | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 | |
Total comprehensive income (loss) for period | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 | |
Total comprehensive income (loss) attributable to [abstract] | |||||
Total comprehensive income (loss), attributable to equity holders of parent | 137,669,172 | 181,064,684 | 278,304,306 | 362,044,218 |
[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 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | 2022-01-01 | 2021-01-01 | |
End Date | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | 2022-06-30 | 2021-06-30 | |
Statement of changes in equity [line items] | |||||||||||||||||||||||||||||||||||
Equity balance at beginning of period (before adjustments) | 1,200,000,000 | 1,200,000,000 | 360,000,000 | 376,963,633 | 1,114,180,214 | 1,532,440,906 | 943,478,532 | 3,092,440,906 | 3,634,622,379 | 3,092,440,906 | 3,634,622,379 | ||||||||||||||||||||||||
Equity balance at beginning of period (after adjustments) | 1,200,000,000 | 1,200,000,000 | 360,000,000 | 376,963,633 | 1,114,180,214 | 1,532,440,906 | 943,478,532 | 3,092,440,906 | 3,634,622,379 | 3,092,440,906 | 3,634,622,379 | ||||||||||||||||||||||||
Changes in equity [abstract] | |||||||||||||||||||||||||||||||||||
Comprehensive income [abstract] | |||||||||||||||||||||||||||||||||||
Profit (loss) for period | 278,304,306 | 362,044,218 | 278,304,306 | 362,044,218 | 278,304,306 | 362,044,218 | |||||||||||||||||||||||||||||
Total comprehensive income (loss) for period | 278,304,306 | 362,044,218 | 278,304,306 | 362,044,218 | 278,304,306 | 362,044,218 | |||||||||||||||||||||||||||||
Final dividend paid | 360,000,000 | 1,120,000,000 | 360,000,000 | 1,120,000,000 | 360,000,000 | 1,120,000,000 | |||||||||||||||||||||||||||||
Total changes in shareholders equity | -81,695,694 | -757,955,782 | -81,695,694 | -757,955,782 | -81,695,694 | -757,955,782 | |||||||||||||||||||||||||||||
Equity balance at end of period | 1,200,000,000 | 1,200,000,000 | 360,000,000 | 376,963,633 | 1,114,180,214 | 1,450,745,212 | 185,522,750 | 3,010,745,212 | 2,876,666,597 | 3,010,745,212 | 2,876,666,597 |
[300700] Statement of cash flows, indirect method |
Start Date | 2022-01-01 | 2021-01-01 | Note No. |
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End Date | 2022-06-30 | 2021-06-30 | |
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 | 315,761,475 | 387,393,115 | |
Profit (loss) for period before zakat and income tax | 315,761,475 | 387,393,115 | |
Adjustments to reconcile profit (loss) before tax to net cash flows [abstract] | |||
Adjustments for finance costs | 95,170 | 143,432 | |
Adjustment for provision of employees' terminal benefit | 6,189,478 | 5,715,353 | |
Adjustments for share of profit of an associate and joint venture | 2,395,467 | 1,623,446 | |
Depreciation and amortization | 30,323,821 | 28,550,496 | |
Impairment loss on financial assets | 3,504,831 | 1,069,855 | |
Realised gain on sale of investments | 2,722,680 | 4,421,141 | |
Unrealised gain on investments | 16,237,164 | 7,610,051 | |
Dividend income | 2,888,263 | 3,577,030 | |
Special commission income | 875,433 | 1,551,767 | |
Commission from deposits with SAMA | 1,245,299 | 6,704 | |
Commission from SAMA Bills | 301,959 | 0 | |
Total adjustments to reconcile profit (loss) before tax to net cash flows | 18,237,969 | 19,935,889 | |
Operating cash flow before working capital changes | 333,999,444 | 407,329,004 | |
Adjustments for working capital changes [abstract] | |||
Adjustments for decrease (increase) in trade accounts receivable, net | -23,358,756 | -35,153,498 | |
Adjustments for decrease (increase) in prepayment | -1,247,101 | 6,707,746 | |
Adjustments for increase (decrease) in trade accounts payable | 4,911,244 | 10,239,471 | |
Adjustments for increase (decrease) in advances from customers | 55,782,768 | 48,936,767 | |
Adjustments for increase (decrease) in accrued expenses | -9,487,376 | -15,291,648 | |
Other adjustments for working capital changes | -4,010,207,236 | 5,382,823 | |
Adjustments for other current liabilities | 36,338,532 | 30,554,969 | |
Clearing participant financial liabilities | -4,008,436,876 | 5,382,822 | |
Net increase (decrease) due to working capital changes | 61,168,951 | 45,993,808 | |
Net cash flows from (used in) operations | 395,168,395 | 453,322,812 | |
Other inflows (outflows) of cash, classified as operating activities [abstract] | |||
Zakat paid, classified as operating activities | 67,132,242 | 83,120,936 | |
Other inflows (outflows) of cash, classified as operating activities | -2,218,378 | -6,263,967 | |
Total other inflows (outflows) of cash, classified as operating activities | -69,350,620 | -89,384,903 | |
Net cash flows from (used in) operating activities | 325,817,775 | 363,937,909 | |
Cash flows from (used in) investing activities [abstract] | |||
Purchase of financial assets | 619,557,355 | 1,596,053,720 | |
Proceeds from sale of financial assets | 762,749,895 | 2,477,251,172 | |
Dividends received, classified as investing activities | 2,891,887 | 3,454,647 | |
Purchase of intangible assets and property and equipment | -32,392,137 | -15,905,186 | |
Special commission income received | 700,501 | 1,270,833 | |
Commission from SAMA Bills received | 172,050 | 0 | |
Net cash flows from (used in) investing activities | 114,564,841 | 870,017,746 | |
Cash flows from (used in) financing activities [abstract] | |||
Repayments of finance lease liabilities | 7,542,127 | 7,299,964 | |
Dividends paid to non-controlling interest, classified as financing activities | 360,000,000 | 1,120,000,000 | |
Interest payment of lease liability | 95,170 | 143,432 | |
Net cash flows from (used in) financing activities | -367,637,297 | -1,127,443,396 | |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 72,745,319 | 106,512,259 | |
Net increase (decrease) in cash and cash equivalents | 72,745,319 | 106,512,259 | |
Cash and cash equivalents at beginning of period | 86,197,458 | 106,798,376 | |
Cash and cash equivalents at end of period | 158,942,777 | 213,310,635 |
[400100] Notes forming part of accounts |