23. Cash and cash equivalents
Cash and cash equivalents included in the consolidated statement of cash flows comprise the following:
2018
SAR’000
2017
SAR’000
Cash in hand
2,209,434
1,902,511
Balances with SAMA excluding statutory deposit
93,519
451,093
Due from banks and other financial institutions maturing within
three months of acquisition
7,237,726
8,348,596
Total
9,540,679
10,702,200
24. Employee benefit obligations
24.1 General description
The Bank operates an End of Service Benefit Plan for its employees based on the prevailing Saudi Labor Laws.
Accruals are made in accordance with the actuarial valuation under projected unit credit method while the benefit
payments obligation is discharged as and when it falls due.
24.2 The amounts recognized in the consolidated statement of financial position and movement in the obligation
Do'stlaringiz bilan baham: |