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Anaam International Holding Group announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 7,738 | 8,193 | -5.553 | ||
| Gross Profit (Loss) | 2,608 | 1,234 | 111.345 | ||
| Operational Profit (Loss) | -17,051 | -8,715 | 95.651 | ||
| Net Profit (Loss) after Zakat and Tax | -16,724 | -8,706 | 92.097 | ||
| Total Comprehensive Income | 4,951 | -7,344 | - | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 94,883 | 88,945 | 6.676 | ||
| Profit (Loss) per Share | 0.49 | -1 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the increased in the net loss during this year is due to the substantial increased in the operating expenses because of the cost of the financial consultation and advisory which is associated with activity of capital increase during the current year, write-of some doubtful debts as well as the costs of acquiring a subsidiary. The gross profit has increased with 111% compared to the previous year mainly as a result of a 26% decrease in sales costs and a 6% decrease in sales. |
| Statement of the type of external auditor's report | Emphasis of matter |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | Material uncertainty related to going concern : As stated in note No. (27) to the consolidated financial statement, which indicates that the Group has accumulated losses of SR 10.1 million during the year ended December 31,2021 (2020: SR 16 million) and, as of that date, the Groups current liabilities exceeded its current assets by an amount of SR 23.7 million (2020: SR 29.3 million). As stated in note No. (27) There is no practical and operational alternative to the plant green fodder till the year ended December 31, 2021 in order to cover the current liabilities and the Groups expenses, those cultivation was stopped since 2018, and was representing around 80% of the Group􀂶s revenues These events or conditions, along with other matters as set forth in note No. (27), indicate that a material uncertainty exists that may cast significant doubt on the Groups ability to continue as a going concern. Our opinion is not modified in respect of this matter. Emphasis of Matter : We would like to draw attention to the following, - As stated in note No (5) to the consolidated financial statements, property, plant, and equipment include land and building amounting to SR 20 million not registered in the name of the Group. - As stated in note (6), the group in the process of transfer to ownership of a land amounting to SR 26 million Our opinion is not modified in respect to these matters. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to match the current years classification. |
| Additional Information | the company achieved profit around 21 from non continued operating from sale Al- Jouf projects |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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