[100010] Filing information | [200100] Independent auditors report | [300200] Statement of financial position, current/ non-current | |||
[300300] Statement of income, nature of expense | [300500] Statement of other comprehensive income, before tax | [300600] Statement of changes in equity | |||
[300700] Statement of cash flows, indirect method | [400100] Notes forming part of accounts |
[100010] Filing information |
  | English [member] | |
---|---|---|
Start Date | 2019-04-01 | 2018-04-01 |
End Date | 2019-06-30 | 2018-06-30 |
Filing information [line items] | ||
Disclosure of entity information [abstract] | ||
Name of reporting entity | Raydan Food Co. | |
Company symbol code| ISIN code | 9506 | SA1490G4KH19 | |
Sector| Industry group | Consumer Discretionary | Consumer Services | |
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 | 2019-04-01 | 2018-04-01 |
Reporting period end date | 2019-06-30 | 2018-06-30 |
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 | Thousands | |
Method of presentation of statement of financial position | Current, non-current | |
Method of presentation of statement of income | Nature of expense |
[200100] Independent auditors report |
  | Primary auditor [member] | Second primary auditor [member] |
---|---|---|
  | English [member] | English [member] |
Start Date | 2019-04-01 | 2019-04-01 |
End Date | 2019-06-30 | 2019-06-30 |
Auditors information [line items] | ||
Details of auditors signing report [abstract] | ||
Name of auditor signing report | Ayad O. Al-Seraihi | عياد عبيان السريحي |
Registration number of auditor | 405 | 405 |
Details of audit firm [abstract] | ||
Name of audit firm | Baker Tilly MKM & Co.Certified Public Accountants | بيكر تيلي م ك م وشركاه محاسبون قانونيون |
Registration number of audit firm | 323/11/479 | 479/11/323 |
Contact number of audit firm | Tel :00966126339777Fax:00966126631888 | تلفون : 00966 126639777فاكس : 00966 12663 1888 |
Address of audit firm | Madinah Road - Wessal 7575 Center P.O Box 100890 , Jeddah 21311 KSA | طريق المدينة المنورة - مركز الوصال 7575 ص ب 100890 جدة 21311 |
  | English [member] |
---|---|
Start Date | 2019-04-01 |
End Date | 2019-06-30 |
Auditors report [line items] | |
Contents of auditors report [abstract] | |
Nature of auditors opinion | Qualified opinion |
Auditors opinion | |
Basis of opinion | |
Emphasis of matter | |
Date of signing audit report by auditor | 2019-09-09 |
[300200] Statement of financial position, current/ non-current |
Start Date | 2019-01-01 | 2018-01-01 | 2018-01-01 | Note No. |
---|---|---|---|---|
End Date | 2019-06-30 | 2018-06-30 | 2018-12-31 | |
Statement of financial position [abstract] | ||||
Assets [abstract] | ||||
Current assets [abstract] | ||||
Bank balances and cash | 8,592 | 28,267 | 6,034 | |
Trade accounts receivable | 832 | 1,715 | 333 | |
Prepayments | 12,882 | 17,930 | 13,111 | |
Due from related parties | 6,336 | 20,309 | 3,813 | 6 |
Inventories | 3,584 | 6,172 | 3,392 | |
Total | 32,226 | 74,393 | 26,683 | |
Total current assets | 32,226 | 74,393 | 26,683 | |
Non-current assets [abstract] | ||||
Property, plant and equipment | 232,655 | 262,671 | 232,471 | 4 |
Intangible assets other than goodwill, net | 1,191 | 4,361 | 1,067 | |
Investments in associates and joint ventures | 81,557 | 0 | 81,247 | |
Other non-current assets | 65,818 | 0 | 0 | 5 |
Total non-current assets | 381,221 | 267,032 | 314,785 | |
Total assets | 413,447 | 341,425 | 341,468 | |
Liabilities and equity [abstract] | ||||
Liabilities [abstract] | ||||
Current liabilities [abstract] | ||||
Current portion of long term loans | 5,895 | 3,145 | 4,193 | 7 |
Trade accounts payables | 7,564 | 10,200 | 10,618 | |
Accrued expenses | 5,554 | 10,974 | 4,868 | |
Due to related parties | 12,780 | 190 | 16,224 | 6 |
Dividends payable | 64 | 11,250 | 63 | |
Provisions, current | 68 | 488 | 526 | 9 |
Other current liabilities | 8,049 | 0 | 5 | |
Total | 39,974 | 36,247 | 36,492 | |
Total current liabilities | 39,974 | 36,247 | 36,492 | |
Non-current liabilities [abstract] | ||||
Debt securities, term loans, borrowings and sukuks in issue | 20,550 | 12,405 | 10,655 | 7 |
Employees' terminal benefits | 17,046 | 19,083 | 17,608 | 8 |
Other non-current liabilities | 55,569 | 0 | 0 | 5 |
Total non-current liabilities | 93,165 | 31,488 | 28,263 | |
Total liabilities | 133,139 | 67,735 | 64,755 | |
Equity [abstract] | ||||
Shareholder's equity [abstract] | ||||
Share capital | 225,000 | 225,000 | 225,000 | |
Statutory Reserve | 27,414 | 25,482 | 27,414 | |
Retained earnings (accumulated losses) | 27,529 | 22,970 | 24,055 | |
Other reserves [abstract] | ||||
Reserve of exchange differences on translation | 342 | 233 | 231 | |
Total other reserves | 342 | 233 | 231 | |
Equity attributable to owners of parent | 280,285 | 273,685 | 276,700 | |
Non-controlling interests | 23 | 5 | 13 | |
Total equity | 280,308 | 273,690 | 276,713 | |
Total liabilities and equity | 413,447 | 341,425 | 341,468 |
[300300] Statement of income, nature of expense |
Start Date | 2019-04-01 | 2018-04-01 | 2019-01-01 | 2018-01-01 | Note No. |
---|---|---|---|---|---|
End Date | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | |
Statement of income [abstract] | |||||
Profit (loss) [abstract] | |||||
Continuing operations [abstract] | |||||
Revenue [abstract] | |||||
Sales of goods | 63,119 | 60,398 | 117,854 | 115,067 | |
Total revenue | 63,119 | 60,398 | 117,854 | 115,067 | |
Changes in inventories of finished goods and work in progress | 55,884 | 47,113 | 104,120 | 91,596 | |
Other operating expenses | 5,236 | 7,069 | 10,982 | 12,731 | |
Finance costs | 808 | 144 | 1,629 | 144 | |
Share of profit (loss) of joint ventures and associates | 309 | 309 | |||
Other income | 1,367 | 743 | 2,432 | 1,653 | |
Profit (loss) before zakat and income tax from continuing operations | 2,867 | 6,815 | 3,864 | 12,249 | |
Zakat expenses on continuing operations for period | 99 | 198 | 381 | 508 | 9 |
Profit (loss) for period from continuing operations | 2,768 | 6,617 | 3,483 | 11,741 | |
Discontinued operations [abstract] | |||||
Profit (loss) before zakat and income tax from discontinued operations | 424 | 0 | 465 | ||
Profit (loss) for period from discontinued operations | 424 | 465 | |||
Profit (loss) for period | 2,768 | 7,041 | 3,483 | 12,206 | |
Profit (loss), attributable to [abstract] | |||||
Profit (loss), attributable to equity holders of parent company | 2,764 | 7,043 | 3,474 | 12,206 | |
Profit (loss), attributable to non-controlling interests | 4 | -2 | 9 | 0 | |
Earnings per share [abstract] | |||||
Basic earnings (loss) per share [abstract] | |||||
Basic earnings (loss) per share from continuing operations | 0.12 | 0.29 | 0.15 | 0.53 | 10 |
Basic earnings (loss) per share from discontinued operations | 0 | 0.02 | 0 | 0.01 | |
Total basic earnings (loss) per share | 0.12 | 0.31 | 0.15 | 0.54 | 10 |
[300500] Statement of other comprehensive income, before tax |
Start Date | 2019-04-01 | 2018-04-01 | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | |
Statement of other comprehensive income, before tax [abstract] | |||||
Statement of comprehensive income [abstract] | |||||
Profit (loss) for period | 2,768 | 7,041 | 3,483 | 12,206 | |
Other comprehensive income [abstract] | |||||
Components of other comprehensive income that will be reclassified to profit or loss [abstract] | |||||
Foreign currency translation [abstract] | |||||
Gains (losses) on exchange differences on translation of foreign operations | 75 | -7 | 112 | -16 | |
Total other comprehensive income (loss), foreign currency translation | 75 | -7 | 112 | -16 | |
Total other comprehensive income (loss), that will be reclassified to profit or loss | 75 | -7 | 112 | -16 | |
Total other comprehensive income (loss) | 75 | -7 | 112 | -16 | |
Total comprehensive income (loss) for period | 2,843 | 7,034 | 3,595 | 12,190 | |
Total comprehensive income (loss) attributable to [abstract] | |||||
Total comprehensive income (loss), attributable to equity holders of parent | 2,838 | 7,036 | 3,585 | 12,200 | |
Total comprehensive income (loss), attributable to non-controlling interests | 5 | -2 | 10 | -10 |
[300600] Statement of changes in equity |
  | Share capital [member] | Share premium [member] | Treasury shares [member] | Statutory reserve [member] | General reserve [member] | Retained earnings (accumulated losses) [member] | Asset revaluation reserve [member] | Available-for-sale [member] | Employee share based plan reserve [member] | Reserve of exchange differences on translation [member] | Cash flow hedges reserve [member] | Reserve of disposal group held for distribution/ sale [member] | Miscellaneous other reserves [member] | Total other reserves [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total equity [member] | Note No. | |||||||||||||||||
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Start Date | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | 2019-01-01 | 2018-01-01 | |
End Date | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | 2019-06-30 | 2018-06-30 | |
Statement of changes in equity [line items] | |||||||||||||||||||||||||||||||||||
Equity balance at beginning of period (before adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 28,661 | 22,014 | 231 | 238 | 231 | 238 | 281,306 | 272,734 | 13 | 16 | 281,319 | 272,750 | |||||||||||||||||||
Adjustments for restatements | -4,606 | -4,606 | -4,606 | ||||||||||||||||||||||||||||||||
Equity balance at beginning of period (after adjustments) | 225,000 | 225,000 | 27,414 | 25,482 | 24,055 | 22,014 | 231 | 238 | 231 | 238 | 276,700 | 272,734 | 13 | 16 | 276,713 | 272,750 | |||||||||||||||||||
Changes in equity [abstract] | |||||||||||||||||||||||||||||||||||
Comprehensive income [abstract] | |||||||||||||||||||||||||||||||||||
Profit (loss) for period | 3,474 | 12,206 | 3,474 | 12,206 | 9 | 3,483 | 12,206 | ||||||||||||||||||||||||||||
Other comprehensive income | 111 | -5 | 111 | -5 | 111 | -5 | 1 | -11 | 112 | -16 | |||||||||||||||||||||||||
Total comprehensive income (loss) for period | 3,474 | 12,206 | 111 | -5 | 111 | -5 | 3,585 | 12,201 | 10 | -11 | 3,595 | 12,190 | |||||||||||||||||||||||
Final dividend paid | 11,250 | 11,250 | 11,250 | ||||||||||||||||||||||||||||||||
Total changes in shareholders equity | 3,474 | 956 | 111 | -5 | 111 | -5 | 3,585 | 951 | 10 | -11 | 3,595 | 940 | |||||||||||||||||||||||
Equity balance at end of period | 225,000 | 225,000 | 27,414 | 25,482 | 27,529 | 22,970 | 342 | 233 | 342 | 233 | 280,285 | 273,685 | 23 | 5 | 280,308 | 273,690 |
[300700] Statement of cash flows, indirect method |
Start Date | 2019-01-01 | 2018-01-01 | Note No. |
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End Date | 2019-06-30 | 2018-06-30 | |
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 | 3,864 | 12,249 | |
Profit (loss) before zakat and income tax from discontinued operations | 0 | 465 | |
Profit (loss) for period before zakat and income tax | 3,864 | 12,714 | |
Adjustments to reconcile profit (loss) before tax to net cash flows [abstract] | |||
Adjustments for depreciation and impairment (reversal of impairment) of property, plant and equipments | 10,633 | 8,458 | |
Adjustments for amortization and impairment (reversal of impairment) of intangible assets | 116 | 146 | |
Adjustments for finance costs | 1,629 | 144 | |
Adjustments for gain (loss) on disposal of property, plant and equipment | 0 | 0 | |
Adjustment for provision of employees' terminal benefit | 1,068 | 1,244 | |
Adjustments for share of profit of an associate and joint venture | -310 | ||
Total adjustments to reconcile profit (loss) before tax to net cash flows | 13,136 | 9,992 | |
Operating cash flow before working capital changes | 17,000 | 22,706 | |
Adjustments for working capital changes [abstract] | |||
Adjustments for decrease (increase) in inventories | -192 | 68 | |
Adjustments for decrease (increase) in trade accounts receivable, net | -499 | -855 | |
Adjustments for decrease (increase) in other receivables | 229 | -3,614 | |
Adjustments for decrease (increase) in due from related parties | -2,523 | -2,669 | |
Adjustments for increase (decrease) in trade accounts payable | -3,054 | -1,096 | |
Adjustments for increase (decrease) in other accounts payable | 686 | 5,408 | |
Adjustments for increase (decrease) in due to related parties | -3,444 | 43 | |
Adjustments for decrease (increase) in inventory real estate properties | 0 | 0 | |
Net increase (decrease) due to working capital changes | -8,797 | -2,715 | |
Net cash flows from (used in) operations | 8,203 | 19,991 | |
Other inflows (outflows) of cash, classified as operating activities [abstract] | |||
Zakat paid, classified as operating activities | 840 | 876 | |
Other inflows (outflows) of cash, classified as operating activities | -1,629 | -654 | |
Total other inflows (outflows) of cash, classified as operating activities | -2,469 | -1,530 | |
Net cash flows from (used in) operating activities | 5,734 | 18,461 | |
Cash flows from (used in) investing activities [abstract] | |||
Proceed from sales of property, plant and equipment | 88 | ||
Purchase of property, plant and equipment | 6,885 | 11,168 | |
Expenditure on other intangible assets | 240 | 1,750 | |
Net cash flows from (used in) investing activities | -7,037 | -12,918 | |
Cash flows from (used in) financing activities [abstract] | |||
Proceeds from debt securities, term loans, borrowings, sukuks and murabahas | 13,693 | 15,550 | |
Repayment of debt securities, term loans, borrowings, sukuks and murabahas | 2,096 | 0 | |
Other inflows (outflows) of cash, classified as financing activities | -7,849 | -144 | |
Net cash flows from (used in) financing activities | 3,748 | 15,406 | |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 2,445 | 20,949 | |
Effect of exchange rate changes on cash and cash equivalents, net | 113 | -16 | |
Net increase (decrease) in cash and cash equivalents | 2,558 | 20,933 | |
Cash and cash equivalents at beginning of period | 6,034 | 7,334 | |
Cash and cash equivalents at end of period | 8,592 | 28,267 |
[400100] Notes forming part of accounts |
  | English [member] | Note No. |
---|---|---|
Start Date | 2019-04-01 | |
End Date | 2019-06-30 | |
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] | 1 | |
Disclosure of information about major activities of reporting entity [text block] | 1 | |
Disclosure of other general disclosures about reporting entity [text block] | 1 | |
Other disclosures about reporting entity [text block] | ||
Disclosure of basis of preparation of financial statements [abstract] | ||
Disclosure of basis of preparation of financial statements [text block] | ||
Disclosure of statement of compliance [text block] | ||
Disclosure of basis of measurement [text block] | ||
Disclosure of functional and presentation currency [text block] | ||
Disclosure of note for emphasis of matter/ qualified opinion [text block] | ||
Disclosure of basis of consolidation of financial statements [text block] | ||
Disclosure of critical accounting judgements, estimates and assumptions [abstract] | ||
Disclosure of critical accounting judgements, estimates and assumptions, general [text block] | ||
Disclosure of impairment of non-financial assets [text block] | ||
Disclosure of revaluation and useful lives of property, plant and equipment, intangible assets and investment properties [text block] | ||
Disclosure of impairment of financial assets [text block] | ||
Disclosure of first-time adoption of IFRS [abstract] | ||
Disclosure of exemptions adopted that are permitted for first-time adopters [text block] | ||
Disclosure of summary of significant accounting policies [abstract] | ||
Description of accounting policy for cash and cash equivalents [text block] | ||
Description of accounting policy for current/ non-current classification [text block] | ||
Description of accounting policy for financial assets [text block] | ||
Description of accounting policy for associates and joint ventures [text block] | ||
Description of accounting policy for inventories [text block] | ||
Description of accounting policy for property, plant and equipment [text block] | ||
Description of accounting policy for intangible assets [text block] | ||
Description of accounting policy for impairment of financial and non-financial assets [text block] | ||
Description of accounting policy for foreign currencies [text block] | ||
Description of accounting policy for provisions [text block] | ||
Description of accounting policy for debt securities, term loans, borrowings, sukuks and murabahas [text block] | ||
Description of accounting policy for employees' terminal benefits [text block] | ||
Description of accounting policy for zakat [text block] | ||
Description of accounting policy for statutory reserves [text block] | ||
Description of accounting policy for revenue recognition [text block] | ||
Description of accounting policy for selling and distribution expenses [text block] | ||
Description of accounting policy for general and administrative expenses [text block] | ||
Description of accounting policy for share-based payments [text block] | ||
Description of accounting policy for accounting of leases [text block] | ||
Description of accounting policy for fair value measurement [text block] | ||
Description of accounting policy for borrowing costs [text block] | ||
Description of accounting policy for derivative financial instruments and hedge accounting [text block] | ||
Description of accounting policy for financial liabilities[text block] | ||
Disclosure of new and amended standards and interpretations [text block] | ||
Disclosure of other notes forming part of accounts [abstract] | ||
Disclosure of debt securities, term loans, borrowings, sukuks and murabahas [text block] | ||
Disclosure of leases [text block] | ||
Disclosure of segments reporting [text block] | ||
Disclosure of risk management [abstract] | ||
Disclosure of credit risk [text block] | ||
Disclosure of liquidity risk [text block] | ||
Disclosure of interest rate risk [text block] | ||
Disclosure of currency risk [text block] | ||
Disclosure of commitments and contingencies [text block] | ||
Disclosure of comparative figures and restatements [text block] | ||
Disclosure of board of director's approval of the financial statements [text block] | ||
Disclosure of capital management [text block] | ||
Disclosure of financial liabilities [text block] | ||
Disclosures of assets held for sale and discontinued operations [text block] |