Themaar Development Holding Company’s losses increased to 6.5 million riyals by the end of 2023, compared to losses of 3 million riyals achieved during the same period in 2022.
The company said that the reason for the increase in losses during the current period compared to the same period of the previous year is due to:
– General and administrative expenses increased by 9 million riyals.
– Impairment loss in the value of property, machinery and equipment amounting to 1 million riyals.
– Other revenues decreased by 0.5 million riyals.
In return, this came Recording the effect of adjusting the cash flows of financial obligations by 7 million riyals.
additional information:
The company also said that shareholders’ equity (after excluding minority rights) at the end of the period amounted to 31,139 million riyals, compared to (100,507) million riyals, as at the end of the similar period of the previous year.
Some financial statement balances have been reclassified to conform to the current period. The following have been amended:
1. Operating profit (loss), becoming a loss of 6,621,082 riyals instead of a loss of 7,672,001 riyals.
2. Net profit (loss), becoming a loss of 2,955,601 riyals instead of a loss of 4,705,412 riyals.
3. Total comprehensive income to become 28,823,940 riyals instead of 27,074,129 riyals.
The company also said that the accumulated losses at the end of the current period amounted to (259,866) million riyals, representing 103.95% of the capital.
Statement of the type of auditor’s report: Unmodified opinion
The attached file:
ظهرت في الأصل على www.argaam.com