Choose a Saudi corporation (Almarai) and find its statement of financial position for 2019 and the related notes. Discuss and analyze the statement in light of things you studied in chapter 5. Answer should be no less than 300 words. (2 marks)

chapter 5 about (STATEMENT OF FINANCIAL POSITION AND STATEMENT OF CASH FLOWS)

 

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132 Almarai Annual Report 2019 Consolidated Statement of Financial Position as at 31 December 2019 ASSETS Non-Current Assets Property, Plant and Equipment. Right of Use Assets Intangible Assets and Goodwill Biological Assets Investments in Associate and Joint Venture Equity Investment Derivative Financial Instruments Deferred Tax Assets Current Assets Inventories Biological Assets Trade Receivables, Prepayments and Other Receivables Derivative Financial Instruments. Time Deposit Cash and Bank Balances TOTAL ASSETS EQUITY Share Capital Statutory Reserve Treasury Shares Other Reserves Retained Eamings Equity Attributable to Shareholders Perpetual Sukuk Equity Attributable to Equity Holders of the Company Non-Controlling Interests TOTAL EQUITY Non-Current Liabilities Loans and Borrowings Lease Liabilities Employee Retirement Benefits- Derivative Financial Instruments Deferred Tax Liabilities Current Liabilities Bank Overdrafts Loans and Borrowings Lease Liabilities Zakat Income Tax Payable Trade and Other Payables Derivative Financial Instruments TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Notes Paul-Louis Gay Chief Financial Officer 7 8 9 10 11 11 36 23 13 10 14 36 15 16 17 13 19 20 21 8 22 36 23 33 21 8 24 24 25 36 For the year ended 31 December 2018 2019 Restated (Note 5.1.1) Restated SAR '000 SAR '000 Majed Mazen Rasheed Nofal Chief Executive Officer 22,576,888 461,375 1.128.533 1,381.268 88,029 145,684 725 40.836 25,823.338 4,198,005 96,462 1,868,895 13,751 590,038 557,553 7,324,704 33,148,042 10,000,000 2,230,479 (770,740) (450,587) 3,644.197 14,653,349 14,653,349 605,771 15,259,120 10,897,327 335,659 826,399 1,556 103,328 12,164,269 219,118 1,986,393 95,750 363,488 31,578 3,019,160 9,166 5,724,653 17,888,922 33,148,042 22,606,542 547,933 1038,371 1.366,566 204 102,624 19,747 11,488 25,693,475 3,874,193 98 439 1913,202 20,336 1,182902 7,089,072 32,782,547 10,000,000 2,049.304 (593,567) (520,500) 2,941,346 13,876,583 13,876,583 556,061 14,462,644 11651,970 409,703 699,325 7101 37,967 12,806,066 179 321 2,094,292 29,796 302,911 13.153 2808042 26,322 5,513,837 18,319,903 32,782,547 1 Jan 2018 (Note5.1.1) SAR '000 22,401,692 602433 1,046,607 1283,342 129429 90,711 16,008 39,926 25610943 3,121,903 57.321 1.667,507 9.420 1,891,697 6,777,908 32,388,856 10.000.000 1,343,410 (453,156) (609,135) 1944,927 12,731,054 1,700,000 14,431,054 395,504 14,826,558 10.543.125 500,183 621536 30779 48060 11,743,683 255585 2003,403 47,653 256.235 16.671 The accompanying notes 1 to 41 form an integral part of these Consolidated Financial Statements, which have been authorised for issue by the Board of Directors on behalf of the Shareholders and signed on its behalf by 3,227,343 11,725 5,318,615 17,562,298 32,388,856 HH Prince Sultan bin Mohammed bin Saud Al Kabeer Chairman 132 Almarai Annual Report 2019 Consolidated Statement of Financial Position as at 31 December 2019 ASSETS Non-Current Assets Property, Plant and Equipment. Right of Use Assets Intangible Assets and Goodwill Biological Assets Investments in Associate and Joint Venture Equity Investment Derivative Financial Instruments Deferred Tax Assets Current Assets Inventories Biological Assets Trade Receivables, Prepayments and Other Receivables Derivative Financial Instruments. Time Deposit Cash and Bank Balances TOTAL ASSETS EQUITY Share Capital Statutory Reserve Treasury Shares Other Reserves Retained Eamings Equity Attributable to Shareholders Perpetual Sukuk Equity Attributable to Equity Holders of the Company Non-Controlling Interests TOTAL EQUITY Non-Current Liabilities Loans and Borrowings Lease Liabilities Employee Retirement Benefits- Derivative Financial Instruments Deferred Tax Liabilities Current Liabilities Bank Overdrafts Loans and Borrowings Lease Liabilities Zakat Income Tax Payable Trade and Other Payables Derivative Financial Instruments TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Notes Paul-Louis Gay Chief Financial Officer 7 8 9 10 11 11 36 23 13 10 14 36 15 16 17 13 19 20 21 8 22 36 23 33 21 8 24 24 25 36 For the year ended 31 December 2018 2019 Restated (Note 5.1.1) Restated SAR '000 SAR '000 Majed Mazen Rasheed Nofal Chief Executive Officer 22,576,888 461,375 1.128.533 1,381.268 88,029 145,684 725 40.836 25,823.338 4,198,005 96,462 1,868,895 13,751 590,038 557,553 7,324,704 33,148,042 10,000,000 2,230,479 (770,740) (450,587) 3,644.197 14,653,349 14,653,349 605,771 15,259,120 10,897,327 335,659 826,399 1,556 103,328 12,164,269 219,118 1,986,393 95,750 363,488 31,578 3,019,160 9,166 5,724,653 17,888,922 33,148,042 22,606,542 547,933 1038,371 1.366,566 204 102,624 19,747 11,488 25,693,475 3,874,193 98 439 1913,202 20,336 1,182902 7,089,072 32,782,547 10,000,000 2,049.304 (593,567) (520,500) 2,941,346 13,876,583 13,876,583 556,061 14,462,644 11651,970 409,703 699,325 7101 37,967 12,806,066 179 321 2,094,292 29,796 302,911 13.153 2808042 26,322 5,513,837 18,319,903 32,782,547 1 Jan 2018 (Note5.1.1) SAR '000 22,401,692 602433 1,046,607 1283,342 129429 90,711 16,008 39,926 25610943 3,121,903 57.321 1.667,507 9.420 1,891,697 6,777,908 32,388,856 10.000.000 1,343,410 (453,156) (609,135) 1944,927 12,731,054 1,700,000 14,431,054 395,504 14,826,558 10.543.125 500,183 621536 30779 48060 11,743,683 255585 2003,403 47,653 256.235 16.671 The accompanying notes 1 to 41 form an integral part of these Consolidated Financial Statements, which have been authorised for issue by the Board of Directors on behalf of the Shareholders and signed on its behalf by 3,227,343 11,725 5,318,615 17,562,298 32,388,856 HH Prince Sultan bin Mohammed bin Saud Al Kabeer Chairman

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