| 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] | Batic Investments and Logistics Company (the “Company” or “Batic”) - a Saudi Joint Stock Company - the pre-vious name (Saudi Transport and Investment Company - Mubarrad) was established and registered in Riyadh under Commercial Registration No. 1010052902 on 13, Rabi` Al-Akhir ,1404H corresponding to 16 January 1984.Based on the approval of the extraordinary general assembly of the shareholders of the company on 6/7/1438H corresponding to 3/4/2017, the second article of the company's by-law has been amended to change the name of the company from (Saudi Transport and Investment Company - Mubarrad) to (Batic Investments and Logistics Company).The principal activities of the company are in the purchase and sale of land and real estate and its division, con-struc-tion of residential buildings and general construction of non-residential buildings, including (schools, hos-pitals, ho-tels, etc.), restoration of residential and non-residential buildings, construction and repair of roads, streets, sidewalks, road accessories, and finishing buildings. | |
| Disclosure of information about major activities of reporting entity [text block] | The principal activities of the Company are in general construction of residential buildings and general construc-tions of non-residential buildings, including (schools, hospitals, hotels, etc.), restoration of residential and non-residential buildings, construction and repair of roads, streets, sidewalks and road accessories, finishing build-ings. | |
| Disclosure of other general disclosures about reporting entity [text block] | The Company’s head office is located in Riyadh - Al-Olaya District - Al-Arz Street - PO Box 7939.The Company's financial year begins on the first of January and ends at the end of December of each calendar year | |
| Disclosure of basis of preparation of financial statements [abstract] | | |
| Disclosure of statement of compliance [text block] | 2-1 Statement of compliance The consolidated financial statements are prepared in accordance with International Financial Reporting Standards that are endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements endorsed by the Saudi Organization for Chartered and Professional Accountants (SOCPA). | |
| Disclosure of basis of measurement [text block] | These consolidated financial statements have been prepared under the historical cost convention, except for fi-nancial assets at fair value through profit and loss measured at fair value and employees benefit which is meas-ured at present value of defined benefit obligations using the Projected Unit Credit Method. | |
| Disclosure of functional and presentation currency [text block] | 2-3 Functional and presentation currency These consolidated financial statements are presented in Saudi Riyals, which is the functional currency of the Group. All financial information presented in SR has been rounded off to the nearest Saudi Riyal (SR), unless otherwise stated. | |
| Disclosure of change in end of the entity's reporting period [text block] | The Company's financial year begins on the first of January and ends at the end of December of each calendar year. | |
| Disclosure of critical accounting judgements, estimates and assumptions [abstract] | | |
| Disclosure of critical accounting judgements, estimates and assumptions, general [text block] | 4. Significant accounting judgments, estimates and assumptionsThe preparation of consolidated financial statements requires the Group to use certain estimates and assumptions that affect the amounts of assets, liabilities, revenues, and expenses, and the accompanying disclosures of con-tingent liabilities. Estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable in the circumstances, and whose results form the basis of to make judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.Estimates and underlying assumptions are reviewed on an ongoing basis. The revision of accounting estimates is charged in the period in which the estimates are revised and the future periods affected.4-1 Impact of Covid-19Since the beginning of the year 2020, the Corona pandemic (Covid-19) has spread globally across different geo-graphical areas, causing business and economic activities to be disrupted. It is concluded that as of the date of issuance of these consolidated financial statements, there are no significant changes in the key judgments and estimates, and the Group is monitoring the ever-evolving scenarios and any change in the key judgments and es-timates will be reflected as part of the operating results and cash flows for future reporting periods. | |
| Disclosure of judgements used in consolidation of a structured entity [text block] | Basis of consolidationAccordingly, comprises the financial statements of the parent company and its subsidiaries. Subsidiaries are enti-ties that are controlled by the company. Control is achieved when the company is exposed, or has rights, to vari-able returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Company controls an investee, if and only if, the Company has all of the fol-lowing: Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee. Exposure or rights to variable returns from its involvement with the investee, and The ability to exercise its power over the investee to influence its returns.Generally, there is an assumption that the majority of voting rights result in control. In support of this assump-tion, when the Company has less than a majority of the voting or similar rights of an investee, the Company con-siders all relevant facts and circumstances in assessing whether it has power over an investee, including: The contractual arrangement(s) with the other vote holders of the investee. Rights arising from other contractual arrangements which grant the parent company the ability to direct the rel-evant activities. The Company’s voting rights and any potential voting rights.The Company re-assesses whether it has control over an investee, if the facts and circumstances indicate any changes in one or more of the three control elements. The consolidation of the subsidiary begins from the date when the Company obtains control over the subsidiary and ceases when the Company loses its control over the subsidiary.The assets, liabilities, revenues and expenses of a subsidiary acquired during the year are recognized in the con-solidated Financial Statements from the date the Company obtains control until such control ceases to exist.Gains or losses and each of the other comprehensive income items are attributed to the shareholders of the parent company and the non-controlling interests, even if this results in the non-controlling interests having a deficit balance.When necessary, adjustments are made to the Financial Statements of the subsidiaries to make their accounting policies consistent with the Company’s accounting policies. All assets, liabilities equity, revenues, expenses and cash flows related to intra-company transactions are entirely eliminated upon consolidation of the Financial Statements.5. Significant accounting policies (continued)Basis of consolidation (continued)Changes in Company’s ownership interests in any subsidiary that do not result in loss of control are treated as equity transactions.According to the sale and purchase agreements signed between Batic Investments and Logistics and some of the owners of Smart Cities Solutions for Communications and Information Technology (a subsidiary company), the details of which are as follows:- On May 1, 2021, an agreement was signed to buy and sell shares between Batic Investment and Logistics Company and Smart Parking Holding Company, according to which Batic will purchase 35.8% of the shares of Smart Parking Holding Company in the capital of Smart City Solutions for Communications and Information Technology (a subsidiary company). ) In exchange for a cash amount of 107,874,812 Riyals, and on October 3, 2021 AD, the purchase process was completed and the shares were transferred to BATIC.- On October 3, 2021, an agreement was signed to buy and sell stakes between Batic Investment and Lo-gistics Company and Hazoon Holding Company, according to which Batic will purchase 2% of Hazoon Holding Company’s shares in the capital of Smart Cities Solutions for Communications and Information Technology (a subsidiary) in return for cash amounted to 6,000,000 Saudi Riyals, and on October 3, 2021, the purchase process was completed and the shares were transferred to BATIC.In accordance with the requirements of International Financial Reporting Standard No. (10) “Consolidated Fi-nancial Statements” paragraphs 23 and paragraph B 96, which states:- Paragraph No. 23: “Changes in the parent entity’s ownership interest in a subsidiary entity that do not result in the parent entity losing control of the subsidiary entity are equity transactions (i.e. transactions with owners in their capacity as owners).”- Paragraph B 96: When the proportion of equity held by the non-controlling interests changes, the entity must adjust the carrying amounts of the non-controlling and non-controlling interests to reflect the effect of changes in their relative interests in the subsidiary, and the entity must recognize directly in equity, i.e. The difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received and attributed to the owners of the parent entity.Subtracting the aforementioned amounts from the book values of these controlling interests resulted in differ-ences of 122,747,412 Riyals, which were recognized in the consolidated equity.If the Group loses control over a subsidiary, it derecognizes the related assets (including goodwill), liabilities, non-controlling interest and other components of equity, while any resultant gain or loss is recognized in profit or loss. Any investment retained is recognized at fair value. Changes in the Group's interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions.SubsidiariesSubsidiaries are all companies controlled by the Group. The group controls an entity when the group has rights or variable returns as a result of its participation in the entity in addition to its ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group and are discontinued from the date that control ceases.The Group uses the acquisition method of accounting to calculate business combinations entered into by the Group. The consideration transferred for the acquisition of a subsidiary represents the fair values of the assets transferred, the liabilities incurred, and the equity interests issued by the Group.The consideration includes the fair value of any asset or liability arising from a contingent consideration ar-rangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are initially measured at their fair values at the acquisi-tion date. The Group recognizes, on an acquisition-by-acquisition basis, any interest other than controlling inter-est in the acquiree either at fair value or at the non-controlling interest's proportionate share of the acquiree's identifiable net assets.5. Significant accounting policies (continued)Subsidiaries (continued)Any consideration likely to be transferred by the Group is recorded at fair value at the acquisition date. Subse-quent changes to the fair value of the contingent consideration to be classified as assets or liabilities in accord-ance with the requirements of IFRS 9 “Financial Instruments” are calculated either in the profit or loss account or charged to other comprehensive income. Contingent consideration that is classified under equity is not remeas-ured and its subsequent settlement is recognized in equity.The excess of the consideration transferred over the value of the non-controlling interest in the acquired compa-ny and the acquisition-date fair value of any previous ownership interests in the acquired company over the fair value of the group's share of the identifiable net assets acquired is included under goodwill. In the event that the sum of the transferred consideration, the imputed non-controlling interest and the imputed interest previously owned is less than the fair value of the net assets of the subsidiary acquired through a swap purchase agreement, the difference is calculated directly in the profit and loss in the statement of consolidated comprehensive in-come.Disposed transactions on consolidating Financial StatementsAll internal transactions, balances and unrealized profits on transactions between group companies are eliminat-ed. Unrealized losses are also eliminated. The amounts reported by the subsidiaries, where applicable, have been adjusted to conform to the Group's accounting policies. | |
| Disclosure of fair value of unquoted financial instruments [text block] | Fair value measurement of financial instrumentsWhen the fair values of financial assets and financial liabilities recorded in the consolidated statement of finan-cial position cannot be measured on the basis of quoted prices in active markets, the fair value is determined us-ing valuation methods including the discounted cash flow model. Inputs into these models are taken from ob-servable markets where possible, and when this is not feasible, a degree of judgment is required to determine fair values. Estimates include considerations of inputs such as liquidity risk, credit risk and price risk. Factors that may affect the reported fair value of financial instruments The contingent consideration arising from a business combination is assessed at fair value at the acquisition date as part of a business combination when the contin-gent consideration meets the definition of a financial liability It is subsequently re-measured at fair value at each reporting date based on the determination of fair value To discounted cash flows, the key assumptions take into account the probability of achieving each performance objective and the discount factor. | |
| Disclosure of first-time adoption of IFRS [abstract] | | |
| Disclosure of period of adopting of IFRS [text block] | The consolidated financial statements are prepared in accordance with International Financial Reporting Standards that are endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements endorsed by the Saudi Organization for Chartered and Professional Accountants (SOCPA). | |
| Disclosure of summary of significant accounting policies [abstract] | | |
| Description of accounting policy for cash and cash equivalents [text block] | Cash and cash equivalentsCash and cash equivalents include cash at banks, funds and investments with maturities of three months or less from the date of acquisition and which are subject to insignificant risk of changes in value | |
| Description of accounting policy for current/ non-current classification [text block] | Classification of current and non-current itemsThe Group presents assets and liabilities in the consolidated statement of financial position based on current/non-current classification. An asset is current when it is: Expected to be realized or intended to be sold or consumed in the normal operating cycle; It is held primarily for the purpose of trading; Expected to be realized within twelve months after the reporting period; or Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.All other assets are classified as non-current Assets.A liability is current when: It is expected to be settled in the normal operating cycle; It is held primarily for the purpose of trading; It is due to be settled within twelve months after the reporting period; or There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. | |
| Description of accounting policy for financial assets [text block] | Financial assetsWhen a company acquires a financial asset, the financial asset is classified at amortized cost or at FVTOCI or FVTPL on the basis of both (a) the business model for managing a group of financial assets and (b) the contractu-al cash flow characteristics of the financial asset. Initial measurement of the financial assetA financial asset is measured on initial recognition at fair value plus transaction costs, with the exception of fi-nancial assets at fair value through profit or loss, which are measured at fair value without adding transaction costs.Amounts receivable from trade debtors are measured at their transaction price (as per the definition in IFRS 15 “Revenue from Contracts with Clients” if the amounts due from commercial debtors do not include a significant financing component in accordance with IFRS 15.Subsequent measurement of the financial assetAfter initial recognition, the Group makes the subsequent measurement of the financial assets based on the clas-sification of the financial assets as follows:- At amortized cost using the effective interest method, if the company’s goal is to maintain a group of finan-cial assets to collect contractual cash flows on specific dates, which are only payments from the principal amount and interest on the principal amount outstanding.- At fair value through other comprehensive income, if the company’s goal is to maintain a group of financial assets to collect contractual cash flows and sell financial assets, and that the contractual terms of the finan-cial asset give rise on specific dates to cash flows that are - only - payments from the principal amount and interest on the original outstanding amount.- At fair value through other comprehensive income, if the company used this measurement option available in IFRS 9 Financial Instruments in relation to equity instruments. Subsequent changes in the fair value as well as the gains / (losses) on sale are recognized in other comprehensive income. The resulting dividends are recognized in profit or loss. | |
| Description of accounting policy for property, plant and equipment [text block] | Property and equipmentProperty and equipment are stated at cost less accumulated depreciation and any impairment losses in the accu-mulated value (if any). The cost includes all costs directly associated with creating or acquiring the asset on site and in the condition necessary for it to be intended for use for its intended purpose. Significant portions of prop-erty and equipment are depreciated separately from other parts.When a major inspection is performed, its cost is recognized within the carrying amount of an item of property and equipment as a replacement if the criteria for evidence in the consolidated financial statements are satisfied. Other maintenance and repair costs are included in the consolidated statement of comprehensive income when incurred.Depreciation is calculated using the straight-line method over its expected useful life at rates calculated to re-duce the cost of the asset down to its estimated residual value as follows:5. Significant accounting policies (continued)Property and equipment (continued) YearsBuildings and construction 20Locomotives, trailers and auto refrigeration units and cars 4-15Prefabricated workshops and homes equipment 6.5-20Plant and equipment’s 5Furniture 5The residual values and useful lives of the assets are reviewed, and adjusted if necessary, at the end of each re-porting period, when the carrying amount of the asset is greater than its estimated recoverable amount, it is di-rectly reduced to the recoverable amount.Profits and losses resulting from disposal operations are determined by comparing the returns with the book val-ue, and it is calculated under (other income / expenses - net) in the consolidated statement of comprehensive in-come.Capital work in progress is shown at cost and includes property and equipment being developed for future use. When it is ready for use, it is transferred to the appropriate category and depreciation is calculated on it accord-ing to the company's policy.Relationships with clients are established by continuous communication and prior transactions between the ac-quirer and its customers, and its value is determined. | |
| Description of accounting policy for intangible assets [text block] | Intangible assetsThe intangible assets whose useful life is defined and which have been acquired separately are shown at cost less accumulated amortization and accumulated impairment losses. Any changes in estimates on a prospective basis. Intangible assets with indefinite useful lives that have been acquired separately are shown at cost less accumu-lated impairment losses.Intangible assets are derecognized when they are disposed of or when it is anticipated that no future economic benefits will arise from their use or disposal. The gains or losses arising from the derecognition of intangible as-sets are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the consolidated statement of comprehensive income when the asset is derecognized. | |
| Description of accounting policy for impairment of financial and non-financial assets [text block] | Impairment of non-financial assetsAssets that do not have a specific useful life such as goodwill are not subject to amortization. Rather, they are examined annually for impairment in their value. At the date of each financial position statement, a determina-tion is made whether there are any indications of a decline in the value of non-financial assets. In the event that there are indicators in relation to an asset, or when an annual impairment test is required, the Group estimates the asset's recoverable amount (recoverable value) and assesses it for goodwill (if any) annually. The recoverable amount is determined from the asset alone, or from the cash-generating unit to which the asset belongs if the as-set does not generate cash flows that are largely independent of the flows from other assets or groups of assets. The recoverable amount is measured as (a) the fair value of the asset (or cash-generating unit) minus the costs of disposal, or (b) the asset's use-of-value (that is, the present value of the future cash flows expected to be obtained from the asset or cash-generating unit) whichever is greater. The carrying amount of the asset is reduced to the recoverable amount only when the recoverable amount of the asset is less than it carrying amount, and that re-duction is considered an impairment. An impairment is recognized immediately in profit or loss. An estimate is made at each reporting date to determine whether there is an indication that the previously recognized impair-ment losses no longer exist or that the value of these losses has decreased. An impairment recognized in prior periods for a single asset or cash-generating unit is reversed only when there has been a change in the estimates used to determine the recoverable amount of the asset or generation unit since the last impairment loss was evidenced. Where, in this case, the carrying amount is increased to the recoverable amount, and if the reversal of the impairment relates to a single asset, the carrying amount that would have been determined should not increase if a loss was not proven in previous years. A reversal of an impairment is recog-nized as income in the consolidated statement of comprehensive income for the financial period in which it oc-curs. | |
| Description of accounting policy for foreign currencies [text block] | Operation in foreign currencies Transactions in foreign currencies were converted into the currency of the activity using the exchange rates pre-vailing on the dates of the transactions or valuation when re-measuring. Foreign exchange gains and losses re-sulting from the settlement of these transactions and the transfer of assets and liabilities are also calculated. In foreign currencies, at the rates prevailing at the end of the year, through the consolidated statement of compre-hensive income.Foreign exchange gains and losses are presented through the consolidated statement of comprehensive income under (other income / (expenses), net. | |
| Description of accounting policy for provisions [text block] | ProvisionsProvisions are recognized when the group has liabilities (legal or contractual) at the consolidated statement of financial position date arising from past events and the repayment of the liabilities is likely to result in an out-flow of economic benefits and their value can be measured reliably. Provisions are determined by discounting the expected future cash flows at a rate that reflects current market assessments of the time value of money and the risks specific to that obligation. | |
| Description of accounting policy for employees' terminal benefits [text block] | Employee end of service obligation benefitsEmployees end of service obligation is a compensation obligation that is paid to employees after the end of their services. According to the Saudi Labor Law, the company makes payments to employees upon the end of their services, which are usually based on years of service, salary and the reason for termination of service. The liabil-ities recognized in the consolidated statement of financial position in relation to the end of service benefit are the present value of the defined benefit liability at the end of the financial reporting period. The defined benefit ob-ligation is calculated annually by management using the projected unit credit method.The current service cost of the defined benefit list recognized in the consolidated statement of comprehensive income is included in the employee benefit expense, unless it is included in the cost of the asset, and reflects the increase in the defined benefit obligation resulting from the employee’s service in the current year and cases of change, reduction and settlement of benefits.5. Significant accounting policies (continued)Employee end of service obligation benefits (continued)Past service costs are recognized immediately in the consolidated statement of comprehensive income. The pre-sent value of defined benefit liabilities is determined by discounting the estimated future cash outflows using rates of return on corporate bonds with a high credit rating, valuated in the currency in which the benefits are paid and which have deposits that approximate the related benefit liabilities. In the absence of a wide market for these companies, government bond market prices will be applied. Actuarial gains or losses arising from prior ad-justments and changes in actuarial assumptions are charged and recognized in the consolidated statement of comprehensive income in the period in which they occur. | |
| Description of accounting policy for zakat [text block] | Zakat provisionZakat provision is calculated annually in the consolidated financial statements in accordance with Zakat, Tax and Customs Authority regulations in the Kingdom of Saudi Arabia. Any amendments that may occur upon the final assessment of Zakat are recorded in the consolidated statement of comprehensive income in the year in which the final assessment is received, in which case the provision is settled. | |
| Description of accounting policy for statutory reserves [text block] | Statutory reserveIn line with the requirements of the Companies Law and the company’s by-law, (10%) of the annual net profits is set aside to form the statutory reserve for the company. It is permissible to discontinue this reserve when the aforementioned reserve reaches (30%) of the paid-up capital. | |
| Description of accounting policy for revenue recognition [text block] | RevenueRevenue is recognized according to the five step inputs:First step: Defining the group for the contract with the client in the following cases: The contract and commitments have been approved by the parties Defining every party right Definition payment terms The contract has a commercial content. And CollectabilitySecond step: The group identifies all goods or services promised in the contract and determines whether to ac-count for each promised good or service as a separate performance obligation.The good or service is considered distinct and is separated from the other obligations in the contract if both of them are: The customer can benefit from the good or service separately or with other resources that are readily available to the customer. And The good or service is defined separately from the other goods or services included in the con-tract.Third step: The group determines the transaction price, which is the consideration amount it expects in ex-change for transporting promised goods or services to a customer.Fourth step: The transaction price is allocated in an arrangement for each independent performance obligation based on the relative independent selling prices of the goods or services provided to the customer.Fifth step: Revenue is recognized when control of the goods or services is transferred to the customer. The group transfers a good or service when the customer obtains control of that good or service. A cus-tomer obtains control over a good or service if he has the ability to direct the use and entitlement of the benefit from the good or service. In the comparison period, revenue is recognized to the extent that it is probable that the economic benefits will flow to the group and the revenue can be meas-ured reliably, regardless of when the payment was received. Revenue is measured at the fair value of the consideration received or receivable, subject to contractually defined payment terms and the exclusion of taxes or fees. The company concluded that it is the principal in all of its revenue ar-rangements, has price freedom and is susceptible to inventory and credit risk. Dividend income is recognized when the company's right to receive dividends from its various investments can be demonstrated. This is usually achieved when the shareholders have formally approved a dividend. Revenue consists of the fair value of the consideration received or receivable from the sale of goods and services in the normal course of business of the group's activities. Revenue is reported net of returns, discounts and discounts. The company records revenue when the value of the revenue can be measured reliably, and it is probable that future economic returns will flow to the group, and when specific criteria are met for each of the group’s activities, as shown below. The amount of rev-enue is not considered reliably measurable until all contingent liabilities associated with the sale have been settled.5. Significant accounting policies (continued)Revenue from providing servicesRevenue from providing services is recognized in the accounting period in which the group provides the agreed services to its customers. Revenue is calculated for fixed-value and incomplete contracts at the end of the period in proportion to the service provided until the end of the period from the total service agreed upon in the con-tract.Real estate segment revenueRevenue from the real estate segment includes income from rental, property management and property sales.Real estate rental income is recognized on a straight-line basis over the term of the lease agreement. When the group provides a discount on the rent as an incentive to its clients, whether at the beginning or the end of the pe-riod, the cost of this discount is distributed in a straight-line method over the contract period and deducted from the rental income. Real estate management revenues are recognized in the accounting period in which the service is provided to its clients. In the event that the group acts as a middleman, only the commission value is recog-nized as revenue and not the total contract value.Construction, equipping and operating services revenueRevenue relating to construction and fit-out services under service concession arrangements is recognized over time in line with the Group's accounting policy for construction contract revenue recognition. Operational or ser-vice revenue is recognized in the period in which the services are provided by the Group. If the service conces-sion arrangement contains more than one performance obligation, then the consideration is allocated to a recipi-ent by reference to the relative independent selling prices of the services provided.Dividend incomeDividend income is recognized when the company's right to receive dividends from its various investments can be recognized. This is usually achieved when the shareholders have formally approved a dividend. | |
| Description of accounting policy for segment reporting [text block] | Segment ReportingA business segment is a group of assets, operations or entities: Participates in business activities that may generate revenues for him and incur expenses, including revenues and expenses related to operations with other elements of the group, The results of its operations are analyzed on an ongoing basis by the chief operating decision maker in order to make decisions regarding resource allocation and performance assessment, and For which financial information is available independentlyIncludes Segment results reported to the chief operating decision-maker that include items directly attributable to a Segment as well as those that can be allocated on a reasonable basis.A geographical Segment is a group of assets, operations or entities engaged in income-producing activities within a specific economic environment that are subject to risks and returns different from those operating in other eco-nomic environments.For management purposes, the Group is organized into business units based on its products and services and has nine Segments that can be reported as follows: Real Estate Investment segment Land Transport segment Security guards segment ATM Feeding segment Insured money transfer segment, counting and sorting of money and correspondence Maintenance and Operation segment Medical Equipment Supply segment Home medical services and physiotherapy segment Smart Parking Segment | |
| Description of accounting policy for accounting of leases [text block] | Group as a lesseeThe company evaluates whether the contract contains a lease at the beginning of the contract. The company rec-ognizes the right-of-use principal and the corresponding lease liability in respect of all lease agreements in which the company is the lessee, with the exception of short-term leases (which are recognized as leases of 12 months or less) and leases for low-value assets. For these leases, the company recognizes lease payments as operating expenses on a straight-line basis over the term of the contract unless there is another regular basis more repre-sentative of the time pattern in which the economic benefits from the leased asset are exhausted.Right of use assets and lease liabilitiesThe lease liability is initially measured at the present value of the lease payments not paid on the commencement date, discounted using the rate implicit in the lease agreement. If this rate cannot be easily determined, the com-pany uses an implicit interest rate.Lease payments included in the measurement of the lease liability include the following: Fixed rental payments (including fixed principal payments), less any rental incentives. Variable rental payments that are index or price dependent, initially measured using the index or price at the start date, The amount expected to be payable by the tenant under residual value guarantees, The price of executing purchase options, if the tenant is reasonably sure to exercise those options, and Pay fines to terminate the lease, if the lease agreement demonstrates the exercise of the option to terminate the leaseThe lease liability is presented in a separate line item in the consolidated statement of financial position.The lease liability is subsequently measured by increasing the carrying amount to reflect the interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.The Group re-measures the lease liability (and makes the corresponding adjustment to the related right-to-use asset) whenever: The terms of the lease have changed or there has been a change in the evaluation of the purchase option exer-cise, in which case the lease liability is remeasured by deducting the revised lease payments using a modified discount rate. The lease payments have changed due to changes in an index or price or a change in the expected payment ac-cording to the guaranteed residual value, in which case the lease liability is remeasured by deducting the ad-justed lease payments using the initial discount rate (unless the lease payments change due to a change in the prevailing interest rate, in this case a modified discount rate is used.) The lease has been amended and the lease amendment is not accounted for as a separate lease contract, in which case the lease liability is remeasured by deducting the revised lease payments using a modified discount rate.The company has not made any such adjustments during the periods presented.Group as a lessorWhen the Group is the lessor, it determines at the lease inception date whether the lease is a finance lease or an operating lease. In order to classify each lease, the Group assesses whether the lease transfers substantially all the risks and rewards of ownership of the underlying assets. In this case, the lease is finance, otherwise it is clas-sified as an operating lease. When the Group is an intermediary lessor, its rights in the main lease are accounted for separately from the sub-lease. It classifies a sub-lease in view of the right of use arising from the main lease rather than in relation to the underlying assets.Rental income from operating leases is recognized on a straight line basis over the term of the relevant lease. The initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized on a straight-line basis over the term of the lease.For contracts that have a lease component and a non-lease component, the Group allocates the consideration in the contract by applying IFRS 15. The Group also applies the derecognition and impairment requirements in IFRS 9 to lease receivables financing.5. Significant accounting policies (continued)Right of use assetsIt includes the right to use the initial measurement assets for the corresponding rental obligation, lease payments made on or before the commencement day and any initial direct costs. It is subsequently measured at cost less accumulated depreciation and accumulated impairment losses.Right-to-use assets are depreciated over the lease term and the useful life of the main asset, whichever is shorter. If the lease transfers ownership of the underlying asset or the cost of the right-to-use asset shows that the compa-ny expects to exercise the purchase option, the relevant right-to-use asset is depreciated over the useful life of the underlying asset. Depreciation starts on the date of the commencement of the rental.The Group applies International Accounting Standard No. (36), impairment of assets value, to determine whether there has been any decline in the value of the right to use assets.Variable lease paymentsIn the case of lease contracts that contain variable payments related to the use or performance of the leased as-sets, these payments are recognized in the consolidated statement of other comprehensive income.Extension and termination optionsWhen determining the term of the lease, management takes into account all facts and circumstances that create an economic incentive to exercise the option of extension, or not to exercise the option of termination. Extension options or post-termination options are included in the lease term only if the extension or non-termination of the lease is reasonably certain. The Company evaluates whether it is reasonably certain to exercise extension options when evaluating the lease. The Company reassesses whether it is reasonably certain to exercise options if there is a material event or change of circumstances within the limits of control. | |
| Disclosure of other notes forming part of accounts [abstract] | | |
| Disclosure of short term borrowing [text block] | Short-term LoansA) On 5/1/2020, BATIC Investment and Logistics Company signed a short-term credit facility agreement under the Islamic Tawarruq system with a local bank, ending on 1/5/2023, and the maximum agreement is 20 million Saudi Riyals, and it is used to finance working capital requirements, and the facilities are secured by a mortgaged real estate for the company’s land on Riyadh - Al-Kharj Road under deed No. 711524003191. The balance of the facilities as on December 31, 2021 is 6,000,000 Riyals due to be paid on April 03, 2022.B) On July 28, 2021, BATIC Investment and Logistics Company signed a short-term credit facility agreement under the Islamic Tawarruq system with one of the local banks and expires on July 27, 2022, and the maximum amount of the agreement is 140,000,000 Riyals, with the guarantee of a waiver in favor of the bank of the pro-ceeds of offering priority rights and a promissory note of 140,000,000 Saudi Riyals with the aim of financing the purchase of shares of Smart Cities Solutions for Communications and Information Technology and financing capital and operational expenses. On December 31, 2021, the company used 140,000,000 Saudi Riyals and paid the full value of the facilities on January 13, 2022.C) On 5/9/2019, the Arab Company for Security and Safety Services (AMNCO) signed a credit facility agree-ment under the Islamic Tawarruq system with a local bank, with a maximum amount of 55 million Riyals, and the terms and conditions for using the credit facilities are as follows: - Murabaha to finance the purchase and sale of goods to refinance letters of credit through the bank.- Short-term Murabaha financing the purchase and sale of commodities to finance working capital re-quirements.- Guarantee facilities for the issuance of primary guarantees / performance guarantees / payment guaran-tees for the benefit of beneficiaries acceptable to the bank.- The company used an amount of 30,570,164 Saudi Riyals to finance the working capital requirements, and 30 million Riyals were paid during 2021, and the rest is due for payment during the first quarter of the year 2022. The agreement was renewed with a maximum of 30 million Saudi Riyals for the agreement and ends on September 30, 2022. 15. Loans (continued)Short-term Loans (continued)D) On December 8, 2019, the Arab Company for Security and Safety Services (AMNCO) signed a credit facility agreement with a local bank, with a maximum amount of 80 million Riyals, and the terms and conditions for us-ing the credit facilities are as follows:- General facilities, including guarantee facilities for the issuance of guarantees with a maximum of 10 million Saudi Riyals, and short-term loan facilities with a maximum of 5 million Saudi Riyals to fi-nance working capital.- Specific facilities, including payment guarantees of a maximum of 25 million Saudi Riyals, for the Dammam parking project.- Specific facilities including payment guarantees of a maximum of 40 million Saudi Riyals for the Kho-bar parking project.The company used an amount of 5,000,000 Saudi Riyals to finance the working capital requirements, and the payment was made during the third quarter of the year 2021.E) On October 17, 2019, the Arab Company for Security and Safety Services (AMNCO), which is a partner, signed a long-term financing agreement “Tawarruq” and guarantees and hedging in compliance with the provi-sions of Islamic Sharia, with a total amount of 74 million Saudi Riyals, and a financing period of 7 years, with the purpose of financing investment in a project Smart Parking in the Eastern Province of Smart Cities Solutions for Communications and Information Technology (a subsidiary company). On December 3, 2019, an agreement was signed to transfer the agreement and its terms, obligations and clauses to Smart Cities Solutions for Communica-tions and Information Technology. (It is paid semi-annually after the lapse of an availability period of one year from the date of the letter of offer of the facility dated October 17, 2019 and the lapse of a grace period of one year) On the date of December 30, 2021 AD, the terms of the agreement were renewed by transferring all existing credit facilities granted to the Arab Company for Services Security and Safety is a subsidiary company (the debt-or) to the Batic Investment and Logistics Company (the new debtor), after transferring 35% of the shares of the Smart Cities Solutions Company from AMNCO to the Batic Investment and Logistics Company. | |
| Disclosure of debt securities, term loans, borrowings, sukuks and murabahas [text block] | Long-term LoansA) BATIC Investment and Logistics Company signed a fixed-term securitization credit facility agreement with a local bank on 12/18/2018, and this agreement ends on 12/31/2023, amounting to 34,000,000 Saudi Riyals to finance the purchase of real estate representing administrative offices in the city of Riyadh. Using part of it as the main center of the group. Until December 31, 2021, the company used the total amount from the fi-nancing agreement, and the financing is repaid in semi-annual installments for a period of 4 years. The loan is secured by a real estate mortgage, a promissory note amounting to 34,000,000 Saudi Riyals and a guaran-tee signed by the Arab Company for Security and Safety Services (AMNCO) - a subsidiary and a legal as-signment in favor of the Bank by the Arab Company for Security and Safety Services (AMNCO) - a subsidi-ary of the rental proceeds of the property being financed and an insurance policy In which the bank will be the first beneficiary, the balance of the facilities as on December 31, 2021 amounted to 23,800,000 Saudi Riyals.B) The Saudi Transport and Investment Company - Mubarrad (a subsidiary company) signed a credit facility agreement under the Islamic Tawarruq system with a local bank on 11/3/2018 AD and this agreement ends on 11/6/2023 AD in order to finance the company’s operational operations with a maximum of 15 million Saudi Riyals Until December 31, 2021, the company used an amount of 14,820,616 Saudi Riyals from the financing agreement for the purpose of purchasing refrigerated trailers used in the operational process, and the financing is paid in quarterly installments for a period of 5 years.C) The Saudi Transport and Investment Company - Mubarrad (a subsidiary company) and on March 17, 2020, a credit facility agreement was signed with a local bank under the Islamic Tawarruq system. Saudi and until December 31, 2021 AD, the company has used an amount of 20,887,773 Riyals, and the financing is repaid in quarterly installments for a period of 5 years. 15. Loans (continued)Long-term Loans (continued)The loans include financial covenants and the Group has complied with these covenants.The following is the movement of loans during the year: 31 December 2021 31 December 2020 Balance at the beginning of the year 153,357,299 75,655,839Additions during the year 181,060,175 85,448,454Eligible finance charges 3,265,732 -Paid during the year (69,821,394) (7,746,994)Total loan value 267,861,812 153,357,299Deduct: deferred finance value (2,606,165) (3,318,202)Net loan value 265,255,647 150,039,097Non-current value 90,936,314 94,144,894Current value 174,319,333 55,894,203The following is the loan maturity schedule as in: 31 December 2021 31 December 2020 During one year 174,319,333 55,894,203 Between one year to two years 14,190,025 14,190,025 Between two years to 5 years 76,746,289 79,954,869 Total 265,255,647 150,039,097 | |
| Disclosure of employees' terminal benefits [text block] | 16. Employees end of service benefit obligation 2021 2020 1 January 35,984,568 38,127,823Current service cost and interest cost 11,811,594 9,926,534Carried forward balances from the acquisition of a subsidiary 88,360 -Actuarial losses 1,135,872 2,902,511Paid during the year (11,649,351) (14,972,299)31 December 37,371,043 35,984,569Significant actuarial assumptions endorsed 2021 2020 Average discount rate used for the Group 2.38% 2.10%Company salary increase rate (Batic) 2.85% 2.50%Subsidiary salary increases rate (Mubrrad) 1.65% 1.30%Subsidiary salary increases rate (AMANCO) 2.05% 1.50%Subsidiary salary increases rate (Appean Healthcare) 2.85% 3.10%Subsidiary salary increases rate (Cities Solutions) 2.50% - | |
| Disclosure of share capital [text block] | CapitalThe authorized capital of the Company is 300 million Saudi riyals, divided into 30 million ordinary shares of equal value and fully paid, and the nominal value of the share is 10 Saudi riyals | |
| Disclosure of earnings per share [text block] | Profit / (loss) basic and diluted share Basic profit / (loss) per share versus profit / (loss) relating to ordinary shares is calculated by dividing the net profit / (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstand-ing during the period. The diluted profit /(loss) per share is the same as the basic profit / (loss) per share since the company does not have any convertible shares | |
| Disclosure of subsequent events [text block] | 36. Subsequent events- On January 13, 2022, the capital increase of Batic Company was completed from 300 million riyals to 600 million through rights issue shares, and the proceeds of the capital increase were received in the company’s account. On January 17, 2022, the company’s articles of association were amended to reflect the company’s capital after the amendment.- On January 13, the company repaid the entire short-term credit facility agreement with a local bank, amounting to 140,000,000.- On January 13, 2022, BATIC signed an agreement to purchase the shares of the shares owned by Smart Solutions in the capital of the Smart City Solutions and Information Technology Company (a subsidiary company) until the date of this revision of the shares.- On March 09, 2022, the Batak Company signed a memorandum of understanding for investments in its subsidiary (the Saudi Transport and Investment Company - Mubarrad) and the duration of this memo-randum is 6 months from the date of signing the memorandum of understanding. | |
| Disclosure of commitments and contingencies [text block] | 32. Contingent liabilities and capital commitmentsAs at December 31, 2021, the Group has contingent liabilities in the form of bank guarantees amounting to SR 107.1 million issued in the normal course of business (December 31, 2020: SR 101.7 million). The bank guaran-tees as on December 31, 2021 include an amount of 65 million Saudi Riyals issued to the Eastern Province Mu-nicipality in exchange for the lease contract (December 31, 2020: 65 million Saudi Riyals) and all have expira-tion dates during the year 2021 AD, the Group has capital commitments amounting to 14,434,837 represented in contracts for the purchase of property and equipment represented in the equipment and devices for establishing and operating the project. | |
| Disclosure of comparative figures and restatements [text block] | 37. Comparative figuresCertain comparative figures have been reclassified to conform to the current year's classifications | |
| Disclosure of board of director's approval of the financial statements [text block] | 38. Approval of the consolidated financial statementsThese consolidated financial statements were approved by the company's board of directors on 24 March 2022 (corresponding to 21 Shaaban 1443). | |
