FIND OUT RETURN ON EQUITY

The National Agricultural Development Company (NADEC) A Saudi Joint Stock Company Statement of Cash flows for the year ended 31 December 2018 5 nadec 31 December 2017 31 December 2018 SAR SAR 1,741,440 39,941,421 Note Cash flows from Operating Activities Profit for the year Adjustments for Depreciation 13-14 Amortization Zakat Expense Zakat reversal Realized deferred income Employee Benefits Obligations (End of Service) Impairment of Trade Receivables Inventory Provision movement, net Finance Cost Loss on sale of Property Plant and Equipment and Biological Assets Profit on sale of Available for Sale Investment Impairment loss of Property, plant and Equipment 269,554,663 2,892,195 5,054628 (2,121,000) (9,046,933) 36,435,835 6,679,759 (4,281,781) 67,598,620 23,100,149 326,676,813 2,304,294 5,457,274 (7,693,438) (2,429,200) 23,008,112 530,565 (315,500) 59,917,501 27,605,917 (22,000,000) 52,674,671 450,282,246 453,003,758 Changes in Inventory and Biological Assets - Held for Sale Biological Assets Trade Receivables, Prepayments and Other Receivables Trade and Other Payables 78,821,732 17,384,303) (100,120,551) 37,507,474 459,106,598 (188,947) (23, 224,328) 435,693,323 (71,364,768) 1,759,047 (13,622,612) (176,204,256) 193,571,169 (1,344,377) (22,254,107) 169,972,685 Zakat Paid Employee Benefits Paid Net Cash Generated from Operating Activities Cash flows from Investing Activities Acquisition of Property, Plant and Equipment and Biological 13-15 Assets Proceed from sales of Property, plant and Equipment and Biological Assets Proceed from sale of Available for Sale Investment Net Cash Used in Investing Activities (244,928,115) 53,032,063 (427,723,251) 49,039,183 25,000,000 (353,684,068) (191,896,052) Cash flows from Financing Activities Proceeds from Murabaha Repayment of Murabaha Finance Cost Paid Dividend Paid Net Cash (Used in)/ Generated from Financing Activities Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at the beginning of the year Cash and Cash Equivalents at the end of the year 78,138,897 (262,347,754) (64,864,327) (224,157) (249,297,341) (5,500,070) 40,719,547 35,219,477 541,792,096 (313,976,238) (62,795,273) (14,417) 165,006,168 (18,705,215) 59,424,762 40,719,547 The accompanying notes 1 to 35 are an integral part of these financial statements These financial statements appearing on pages (6) to (45) were approved by the Board of Directors and were signed on its behalf by Naser The National Agricultural Development Company (NADEC) A Saudi Joint Stock Company Statement of Cash flows for the year ended 31 December 2018 5 nadec 31 December 2017 31 December 2018 SAR SAR 1,741,440 39,941,421 Note Cash flows from Operating Activities Profit for the year Adjustments for Depreciation 13-14 Amortization Zakat Expense Zakat reversal Realized deferred income Employee Benefits Obligations (End of Service) Impairment of Trade Receivables Inventory Provision movement, net Finance Cost Loss on sale of Property Plant and Equipment and Biological Assets Profit on sale of Available for Sale Investment Impairment loss of Property, plant and Equipment 269,554,663 2,892,195 5,054628 (2,121,000) (9,046,933) 36,435,835 6,679,759 (4,281,781) 67,598,620 23,100,149 326,676,813 2,304,294 5,457,274 (7,693,438) (2,429,200) 23,008,112 530,565 (315,500) 59,917,501 27,605,917 (22,000,000) 52,674,671 450,282,246 453,003,758 Changes in Inventory and Biological Assets - Held for Sale Biological Assets Trade Receivables, Prepayments and Other Receivables Trade and Other Payables 78,821,732 17,384,303) (100,120,551) 37,507,474 459,106,598 (188,947) (23, 224,328) 435,693,323 (71,364,768) 1,759,047 (13,622,612) (176,204,256) 193,571,169 (1,344,377) (22,254,107) 169,972,685 Zakat Paid Employee Benefits Paid Net Cash Generated from Operating Activities Cash flows from Investing Activities Acquisition of Property, Plant and Equipment and Biological 13-15 Assets Proceed from sales of Property, plant and Equipment and Biological Assets Proceed from sale of Available for Sale Investment Net Cash Used in Investing Activities (244,928,115) 53,032,063 (427,723,251) 49,039,183 25,000,000 (353,684,068) (191,896,052) Cash flows from Financing Activities Proceeds from Murabaha Repayment of Murabaha Finance Cost Paid Dividend Paid Net Cash (Used in)/ Generated from Financing Activities Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at the beginning of the year Cash and Cash Equivalents at the end of the year 78,138,897 (262,347,754) (64,864,327) (224,157) (249,297,341) (5,500,070) 40,719,547 35,219,477 541,792,096 (313,976,238) (62,795,273) (14,417) 165,006,168 (18,705,215) 59,424,762 40,719,547 The accompanying notes 1 to 35 are an integral part of these financial statements These financial statements appearing on pages (6) to (45) were approved by the Board of Directors and were signed on its behalf by Naser