ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) - S.A.E CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 ‘TOGETHER WITH AUDITOR'S REPORTArabian Food tadustries Company (DOMTY) S.A Consolidated final statements For the Year ended 31 December 2019 1 e of Contents Autrs Report onthe Consist Finca Satements Consliaed Statement of Finacial Poston Comsofitated Sutement of Profi Lass Consliates Statement of Comprehensive fneome Conslitas Statement of Chara in Eauity Ccomotdted Statement Cash Flows [Noes othe Consolidated Fania SaertentsSra sie |Nabit Samat Partners Ali for Aecowmting & Audling EY Pubic Accountants & Coosuliants PulleAocomtants & Consultants ‘TO THE SHAREHOLDERS OF ARABIAN FOOD FNBUSTRIES COMPANY (DOMTY) SAE Report onthe Comoldaed nazi! Statement WWinuve aun be secoupanpiog comic sana ements of Arablan od Industries Comp CDOWTY) ~ SALE tthe “Company”) aed subaiiry,rpretd ie ened sles of rari Soston sb of #1 December 2019 end the raed eal seers of grt of eta of “Trratenie coe, chaos nah ey nd ah Bows fry yar ded 31 Dvenber 2619 sd ‘Staaf sigs seouing plies apd tier eplarary ws. Managements Reeponsity forthe Pn ‘There consulted func sere th eaposiy f the Company's manaenen atagent ‘Repose forthe poprton ane scion 9 the nea stents fn acorance wih he Fyptsn ‘Noung Standort ex epee Egyptian nv. Ngee repenublty mle: devging, implementing ‘SStuttsinnineral onl ele ode preparonen epson of conc atin tents {iene tron ater isa ebro alo rt. Thier ces ecing SAiTppbing apropsne ssmuning pots, tnd making secouing estos that re remonsble 0 he Ast’ Resoasitty Gua roporsay Ist eyes a opin 90 thse conocer ses on om, We SEAsar sta acurnce wi the Egyptian sondude an sii ed ape Caption ws. Tose ‘tind requ at we comply with ibs eens uh pon ad pron th sa 10 biti aonb ‘Stn tthe osaliedoni sles oe ee Rone aia essere A sods soles paroming proces to obi ait evidence about he sino an dines fn he ‘Shuotisnetiaptl steno The proces elected depndon he aes pessoa judas, etuing {ie absamen ah tak of meter mista fo cemslol nw sees, wheter ew apd (roost mong thse os vest ter conser era onl eat heey preparation S.i Tr prsenten otic eomolidtanc steer marke to esi ut rocee hat ae spore ineccheomunccs bt ote pos fering 3 pinion a fevenes ofthe i" ea ‘i Anau ao neues ssing the apporinonesaecoung plies wo an te resunabenss ‘STreecaming eames made by Managemen, as well of eral, the overall pesiaon of the ovoid apt ues. Webeteve that deal evidence ws have bane licen ape provi ws oro alt pin ones coma rascal semen‘pay en ie opision Ino oii, the consti nani steno fred aave presen ny, oa meri vespets the olga Rewacil porta of Arab Food tuts Company (DONTY) SA alan a 51 Dacmber 2079 as cnsoined fell pean a cred cath fos forte ye hen ‘eed nacordance wih apn Acouning Stansal anne ays tegen lng oe opus ef scones fnai sttoss, Cairo: 18 March 2020 Autos ASA (1479) AA 2497) Dy, Kibo Sanaa Pa, 8S, CPS ERIAGTS) Matsa f EAR LeneARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~ $.A.E ‘CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of 31 Deemer 2019 howe December 2019.31 Decaber2048 ue 1 Pp on me o soguse a7 Pct cnaon 0 7 “Telenor 595908310 Sos © arsancaye 232726533 ‘Aan ie @ Siasssrt onan emer ae a GWaeise ——2sss02206 Seca i a Ssazis Cabana es o ne ‘aneuea at Timea von He aie Irani peat a sos2039 sosaits9 Uegtraone sean dean Spas ey 9 ssa. ‘ern 306 ‘70196 eto oe o 6As0.65 1980s ea i 3 sossozs8 ‘aaioost Frere etotats rsseasses Sermo 0) esmsast) as033s8) yu steed ci ee hepa wT Niece nes i lst aR Swerve aii Tonner ee oy maa620 Nios naire rrcorn pion 3 sets Ts aie noc ra ry 2S88 oteus pl pamand oe oD sa Peter or ae on ‘Seeman siiee an pegnsam ——sTans3355 ‘eon amcor pron a 1SA28920 i135 ene can pn eH Seas B ‘Fonte i mason 232555, hint cet poo, rit gens 930.08 Penta Goad o2r7at6 ‘evan egos ser it estsgsn4 anos fvmetieele Sijinea Gers “atin Tiss aq ad ahi a7 etre Meme Det “Charan Mr Mee Atl Aetna ag. Omar Mohuned Eldomaty Atos aheit ARABIAN FOOD INDUSTRIES COMPANY (DOMTY)~S.A.E ‘CONSOLIDATED STATEMENT OF PROFIT OR LOSS. For the yea coed 31 December 2019 wae a to susan unas sa 0 ageseavais 258985.410 Sree (5) Gignanesss) _¢/2.099016) 2778S Sen md meng gee csgrieai 605909399 Enel eet ees 08.0, “Setcopemngcane nis08235 fen ara) Grawnnersont Fas me somsia Sep wre 211. ut tin Com 9169") fnawe treme oy ANA AGH Tne eye Arne DeDLCHON DFINCONE:TARES AND isqiteiait 6146S 154028348 1996 iste anh ates oo at The ecnpanyine toes (1) 20(98 an a megralpan of ti onsite ic semen.ARABIAN FOOD INDUSTRIES COMPANY (DOMTY)-$.A.E ‘CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME. Forthe yer ended 31 December 2019 in ‘ta suitins suo esti for tne ene uty ees fo Para Isoienats 188,605,288 eo-Contlig ineret 36 Tota compreseuive income kit er a a “easing tes Fe (1) (5) acon nepal profes cone Mac stemseae cwwes) woure raoveses Reese Gscuiery sors 70 nye rt ame sisaiet ave saree morse eects * x no ae et 6002 eguEG |e pope OK HO} AIDE NI S3ONVHO 40 INEINILLY ES CELLVGTOSNOD TRINOGY ANVaINGD SARIESNANT GOOF RVIVEV‘stents cn oe ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) -S.A.E. ‘CONSOLIDATED STATEMENT OF CASI FLOWS For the year ended 31 December 2019 ‘EASHLTLoWS FROM OFMRATING ACTIVITIES Frlttetre seone tnt oesecsse gang? Precansho pope a nSpea o samen ‘akseaha nnn of lt apa gat ss : sass iscatna a cy ams) nn, ‘Sime nrc itn ton ray Bh es tao) ‘ees iy eb 7 Src & sesame Fen foam bra eed bes taper ence ole ‘rams e pps Hm and pr % ___os Li Baise Cage nents carmen Gass meando (ibast93) {Gage repayment a th bases ciiassm (east) Gg n tien nacnysiie fem) “Sieh Ses intove ni ovis (eee oa egestas sean {CASIEFLOWS PROVIDED FROM OPERATING ACTIVITIES Fibre tame tt id exons tome lle need aay Wines ‘anc NET CASH FLOWS PROVIDED FROM OPERATING ACTIVITIES a ‘ss Lows row posTING ACTIVITES Fowkost sorry ptt crit ee ‘Sess sc ape pa a bo a ‘Tease inuca? Fintan neo gutsy ns ‘nese in ign es fevantas) : ‘Epona en es asia Fonerccae my aston Pwd tor tet ey 6 : 4 SETCASH FLOWS (USED IN) PROVIDED FROM INVESTING ACTIVITIES seo, ‘CaS FLOWS FROM FINANCING ACTIVES fee omen tes, 2antsivaat {omen fea ate less) Fite fon em ns Sanat Grsmob urns a (snr) fone ae (Barnet of ee nee iene ones os treme eb NETCAsineLows (st NANCIE ACTITES ‘Cae co esas bein of dee {CASH AND CAST EQUIVALENT | “iss, gc packing eshte asians of LE 42,0167Rneuh be sete wih he disous sr! the supe Projets nde consston hi amount of LE 5.494.083 taser rom advan Bom snp ajc ante cosration acide aust of LE SS28.9REosh essen Wl he dco teamed a espe‘sg ss se ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.E. ‘NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015, REPORTING ENTITY ‘Ain oor Company DONETY) ~ S.A. the~Company"} re arent”) wns orgy saieht {nde th ace of Banat Company fo Fao Innes mite tly cpg nde conc No, 1274 {ed [8Mrch 198 The contre was smended oa 18 uly 948 when she Company's betters changed and ‘ont Angut 1988 an Exton Genera Astunbly veg washed ad eset hang he conpenys ical or en tn ihn capny fo join sock ompany sects Canons Law. 199 oF 1 pas excute eglons ‘ose onthe sacle: mstian asin the Exrsrinary Gove Assbly mesg hel 16 Avast 205 ‘he Companys ae wes changed o Dom Caran for Food ines. 6° ‘Bsa o he sarcholes solos md nthe Exreedinay Gentat Avenbly mctng el on Ag 2008 Tae conpory mame changed Arabian Fo Induses Company (Doth) SA. stead of Dart Company er instr ae commer reer was ama “The Compony has en rest under the commer iter tuber BIDE on 7 Stoner 1968, ‘The Companys eau sed at 52 Tata Hsin Sew, previously Murad Stet - Gra he msn sve underaen bythe Cnn ato maf a types of iy and os rts ‘he conte apt sinemens comprise te Scares of he Company and ite edi, “Tever Fool Inonis Company (SAE) festive the “Ganp") On Ap 201 he Compusy seed 900 ofthe shane El Tues Pod ndasies Conga.) (one 2 EL Taeer Fed iedsviss Compiny i xb wt ck compa jot the Companiss Lae NO. of 1997 ad relies nd forthe pope of easing id aperaing fist fore manure of {istroknds fee coming vee and cbihing stars and tegration Sheen forthe Company a foro, set oe Iw ds uns “The Companys ostream he commer repiter aur 37566 ine 11 March 2009, ‘he Hae sateen ofthe Campy forthe yer ened December 209 wer arin for ska {cote wih aoaia hear of det 8 March 2020, { ASIS OF PREPARATION OF THE: CONSOLIDATED FINANCIAL STATEMENTS ‘he consist Fail semen he bss repre nde ie going coca aumption nivel a ‘on 98 ps 2044she Crmpsay sur 99.99% El Taree for Fo dusts Company (S.A) dat wis ‘Stews nde te snl of He stole of he Parent (he “Common Corot Tsar) for UE Fedo ieath sth rasaeton neste coin oF ines une canon contol the pacing once mth of ecoruns wos apled te preven of tees Mai sarees ich Srsem invests th Group ef El Two fe Fe ses Copan (S.A sas en part Fe Eroun, secondly be mete and Tabb rasfared to he Comper) wee reogeeed at une! seta Th ete hneil stemente pos fh rea nd ges neg te Csr on 9 ‘Mic wm oop fol Roa nen hoon he rors prsenel Site of camptionce ‘he anci snemens ofthe company have been peed in aconEace wih te Fyn Acounting Sanlands he apts tows ol eu2Semregy e ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.E. NOTES TO THE CONSOLIDATED FINANCIAL STATEMEN:S 51 Deseniee 2019, ‘Changes ia Fypian Accouatng Standards ‘On IB" March 20), Miniter of ae ang trian cooper las sue a dessin No 69 tr yee 2019 ol eof the gpa Accounts sued by he Rig meses miner Ne 110 fo ‘eyo 205. The eso wa pulse one fal Nespeper on 7 Api 2019, ommarzed ew ae the mance ofthe te ‘he New Feyplin Accounting Standard No. (1) "Finan nse 2 No Hapa Accounting Sand Np (17) “Fnac nsruments" superaes the covespondiog ‘eed ues cued in ie Egypion Aceon Sunder Ne. (26, “lence Ismet [Reognton and Messer 4 ecortngy, EepsianAerousting Sand No (26) var ended nd reso air sting the ncuraps pening othe ees aand in tbs New Strid No, (47) th scope ef tae ‘Shonda Ne (26) spc den el oly wii eases oF Hehe Aesotne ‘sco iat cng the exegee 1+ Pursuant the esis ote stint, frame sn areclafd Eased on seas Inctuenst wheter at smarts! coo fe ake hough het oapreesive income oF ‘Siu rough tio fos in cesdance wih he exergse busines ode or agg anal “sos and ie contact a ow ebarcterses of he sal 2 + When measur he plano ance, fhe incre Los Mel src by Exped {Cre Lan (ECL Model wach ees ean te apuizmen faci ass ested at ‘Shae cosa hana tes ead wf ue sheesh ee omgrsensive neon omer int eciyrton eae repre nhc thee san netion fe eearece of ss 4+ Bison th euronens of hi stand, he lowing stds wer amended: ‘yan Acconing Stand No. (1) Presentin of Fini Sees” 1 gpten Actouig Sana No) “Sune of Cashion” ‘yin Acconing tad No, 3) Plana ase: Presetton” ‘Ron Atcovbing Siar No, (26)°Fnanil nemons Recognition a Messrement™ Fon Aecounng Standard No, 10)"Fea stamens: ses ‘awa tmplewentation tnd ple fear yos ging on or fer Jar 202, a ie tty notion i eed proved hth ends pon Account Star N, (1, (5), 288 4 ae mola pied Powe inact on gn statements Peony Icey esesig the pose tpl o the ana tates afer sping he ‘Te New Rayon Accounting Stara No. (4) “Lease Contrasts” ype er BayuinAecoutigStanrd No. (4) "Les oat” sal spe ed revoke Eytan “Accosting Stand No (20) “Aci lesan tndrds ee rcs sine” 8 aed n 1+ Thesandar nreduee sins, ortalnce sec aeoming mod fr th ese. At the emomeneamen ne he ee, th ese ecopals 2 igo: sc repeveting it 10 ‘he unervng se and ecm ea Ihty he scl we of wpe as payments Feorening bg fo make kase pays, king ino eon ths os Cres ae ma ‘Seif neste eas 8 oprsting Foes eet, + Thneisareagrion exemption osx em ess which lb recs on 9 tag tn bas expat pi oF ls an ow ae,ta aan act ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.E. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 Dezember 2015, Less sal emer thea and athe ight af se ase on cence of etn evens sh ‘rehung oth see, fr as yen ruling oma lage inane rate 828 ‘desmine thos panes 4+ ‘heer sal ey ah ase cana ie sam opting leno na ese cont 2 AsforteSnuee an, he ior msc hel kes Ase ee emt nthe Stems nna pin and pres tam mont reve witha sau equval mt the ‘er vein aoe ewe one 1+ Toropetisg ens, sor mu rca te lease yen pain ese cons os income eter seo he ane eho efectos ear bass. Date ieptemeotaton 1 The Sunré No. (9) piso fae pods esining ano aes 1 amy 2020 ad eel “apn pete Fin cciting Sand No. (8 "eer fr eaiats ith ‘Stu sansa apple. Beep fv he above mension at of erry Standard No, {) api oleae conc ht wersja aie se a NO. (5) fr yor 1993 an [mindments od were read acon we Fyn Aacousing Std No (2) “Ase ‘Rts sone cated age len ab wel ate ance at conast ae ee Ire ube hn No 7b for yur 2078 oth tet of eelting buh Funes abs toring ‘ecves sing orth begin fhe tn epi pied which aw No. (95) Rr ear 995. the caestd a aw Na (178) 1 yar 2018 ms 48, ose inact om Signet statement +e company suet sven the posse act on te Frac tents ae ppg “brenomen othe new sda ithe olvng expat eens ha oil he sana (43) otf es, that are uj Law No 5) for yea 1995~ on sameness well (GS ioer ese eoac tw sj he poss tw No. (76) ye 201 france Tesingané dsouming: Accom fet an Financial Pastor Fhid Aso Rigo ae focre 7.600408 Retinal eariass Incase anor 00 sae fbi freee 60.808 ‘ih Irom 3.719.968 mpl eens Derene — 1ASKADE ‘eed expenses Deree 301537 ‘Nera othe Year Inorene 16S he New Accounting Sttdard No. (48)“Reveru fom cenenets ih esters” he new EsitinnAccomig Sundrd No, (1) "Revenue Grd entra! with casomers sip the Foti sans an eos sch sl be dese ul nod. TeyyinnAesouning Stansaré No. 8) “Consvacion Cos” as amended 92015 yan Aconting Sane No, (1) "even ws ened 2015 «+ Forseseue ecopton, ne a sda sabe 2 Ave top abel acco he resenting fhm corso ener ard mee ht ena Be erga thea ca reet he ‘Somidrtoneshchan ety expe bev eschews Bods Vi 08 +The to sus eis eli to ves june hing in sosieration ff ren fs tru chemsnces when applying sch tp ofthe del contac wit somes. Thesis ‘fecienhe aecourtn ote nena lt oF oasis satan thecal elte9 liga conic. Torrent ests folate WH user ae oad wo ait eee ‘pvt ouoer hee tego filing he conte ao bv saz net ‘slow eran cantons re me‘it wo et ae ARABIAN POOD INDUSTRIES COMPANY (DOMTY) ~$.A. ‘NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019 +e saad sue ht cones rt ve commeri susan ode for revese to BE secngces 4+ These sandr estanises exudes preseoaton nd distosire ann. Date of plementation a Stand opie Smell aris being om oa * ory 2020, nd the ey don ie pris. Posse pat on Hine statements ee conpny econ ses the oti put the anil sateen fer sping he sew snr gypanAeconnting Standard No. (23) amended 2019 “Parnig er Share” een he scee of ptomentnion athe snderd we aended be app (ob soa console Fiance snd etree Date ofimplemenaon 1 Tnsnennensinvodaes and al spo See paid sing oo ae 1" ay 2019 Powabletnaet on faanca statement Fe the conpany meety ssn te posh mpe onthe Gari semen ae ping ayptian Accounting Standard No (8 as amended 2019 “Sateen af Cashews” eras san rues th ens fo prvide elu ha nb Wes ofthe ast tenon ross hues i ies mising fs ane oes, edn changes wing om Gah Do Date of taplemestation 1 Fsumen indice and sal py oa pis begining ono er 1° aray 2009 Posie impala inane samen Pye campoy he aly oped he andar foie fais paris aig wer * rey 201, ney prt 44, HA 1 $28, where eels rstioned pape ae apnleble forth periods sting afi Zara) 250) en el adopon s alowed ithe ended andar 2) isoppi he tnd soul be appa eeepeevely “yptin Accoting Standard No. (34) amended 2019 Investment propery” ep vlc ect hs ben revoked rl ener ten sp ssoqven ensasrtsu C8 Frvesimen popery ant cn ony apy cet od, ower, fre modal piel oly or investmeneics bon spying bsquoeemessueon al tere esate open + Tis mentions rested in oduct anendents sro te stad la he Investmsn enc. The Snare tht er mene ae Flo Tp Accoustng Sard No) pment of no-name pps Acwouning Stars No. (32) "Now-erel asad forse a coed operon” the ew Hayton Aceousng Sandan No. (3) Taverne opr” supe am evoke Rayan ‘caning Sider Na 34) amended 25,ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) NOTES TO THE CONSOLIDATED FINANCIAL STA 31 Dscesber 2019 Date of implementation 1 Theamennen i avocied and sala 0 Saaei pods esiing an rer 1 ny 2019 Posie impacto financial statements ens adapta of sandaré (4) be tet he Fania tenes ‘yptinn Accounting Standard No, (3) as mended 2019 "Eaepayes Bees” Ts yonbeofprrezora wre toducel and uetded in edertoamevd he Aenuning us of ‘etme ad caine beni plans Date oFimplemenaton Tissue No pts finns ening on sar ey 2020 a early Powscimpact on asc statements 2 the lotion o wanda (38) as a eto fhe all sateen ayptan Accounting Stadard No, (42) 3 mena 2049 “Consolidated ane tements” tiene pr sue ee eslan of tn ivetmen ens, on conslatonreces Were 1+ Tasamendt as sted ining amends os standards tate he sujet fie mete ies, Fe Standards hot wee me ars low (EAS 15 else Pay Diselnes {EAS 17) Coded and spate Srna sees {EAS 19) Ives in Ascites. (A824 neonates (HAS 20 ste combinion 2 EAS 20 fern Goo semen 1 {EAS H) Dieter fltrst nether ees ate oF mpteaentation ear pps anc pcads esoing ono se Sty 2020 and he ay adoptions sie «Thera oramendedyrseas peining athe read standard coning te vetoes ets “hu opp ome eliza of Eagan Acrtning land o, (12) “Corl Fianca ‘Sen as amend aed ised 22009 Poul pact Gane statements The olotion fsa (87h! 2 ict te Fania, Biss eoseeation lw) Satsitiaces Sire a lets ove whic the Group hat te porto gotem he Tall and operating plies SAU shachtdng afore ton oe bal he voting igs The exstnce end et of poten ong ‘gh tc ae cureny suercanle ve canertble az cam wher eseaig weet he Group cons reir cig. Ssiiic re ly cola rom ie dt oy ch cna taeedo he Gro The ae de-consti the dats ha como eeses Accooing forbes combination ander EAS 29 nly apple i scone she busines ec gue eStthoslion meaing Be efi bse, te purse method fxn sede azo seeeedisefasctaes 6 the Group Tecate Sqn eased athe awe oft ase sen Neate an lil laced mond the dee of esonee ps ons det strbabbleARABIAN FOOD INDUSTRIES COMPANY (DOMTY) £ NOTES T0 THE CONSOLIDATED PINANCIAL STATEMENTS 3 December 2019 to the sequin, Mennble ws sequel snd bios and cominget fabs aun fa bsiess ‘Sonbeton anc esse ay ate ales a te season Ge nesptive oF te ete fey Nor Cooling nes. The eres a ica of gain gv he value the Crop’ shar oe Hebe ‘eo ue ene 6 god Ite cost of season ea ta he ee ae fe News of ‘Seabury aque the difernce scoped deed he sent af ome Inrompany ranaectons, tunes end ured guns on suns Uetween Group companion oe lov Unrest! cs ar le einiated Acoust pols of sires hae been changed whe cena seit contenny with pies slop yt Goo (0) Transactions wih Now-Gonteoting interests ‘he Geoup applies» psy of ting tations wih Now-Convaing fess as renscons with ety yer ot Cows ‘ov purses rm son Cento rex, th itzeace ewoen ay onion pide he leven ete eylredotth ening ite fhe atoms tba frecrded ney, Cais r loses on diosas {oom Convo sone lo ecnde ney 21 CHANGES IN ACCOUNTING POLICIES ‘he accoming oc oped bis yar ae consent wi hes ofthe vos ee 112 SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES, “Te proprio of ese Console nia ren regues mangement ake judges od enstes Iho aoe he reprted abu reve eapemes, sbeto dnb, hv asepanin cers and the {sions oun lbtseet ne oporting dots User tou the asanption an esis cis eh fn omnes tt egies lea austen to ths crying amour ofthe sets o abs fects in tae poo ites adh andeying muons ne revowed on an ongoing ik Revlon accountng xis ae ‘eae nthe psd whi he ete a eed The Key judgements andesite ave ¢ sigan impact on the Conse fiancee of he Conan ae asad elo edents Revenue econ forsale af gods ing be edges mangement contend he eal eters or be recopnion of veniam hese of hos arco EAS 17 Rencons an npc eter eines rks and evans ones of {rns av ped the bge whch sal pan the ers fhe alsa the sees BNO, 222 timate of tate and other reccvales arctan oft ctieebte suo tee and hr eval ea when coeton of te flan iongr babe for ndvaly sg ents th estat is peter onan ida bas ARIS ‘SUE doa naty sete ae pat ure ese eallcively nds provson ep ety {Dune anh of inept Sedona exo a, Lei tes of fled sete ‘i company’smanageme eternity eine pe esos el ass ecltingdersiain Thi ‘lous Secemind ser comideing the expected rage of neat physi wear ander. Fhe mane (Slate eviews the etna ea nes ae detest etd wes he mee an the pring ENelpclaionue comineat ih eapsed pr ofeeonrc busts towels According he wel safe Mace (Sr ne} hsbc change m0 yeas 18 yy ad the spill te Mecha pv ofthe tie,ARABIAN FOOD INDUSTRIES COMPANY (DOMI ‘NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 37 Decenbar 2019 eset “The Company stot ace tn in Epp Sgn agement roqu to eearnine he tot proviso {or crem and dsfeed foxes The Campy eis rosin, bse resale estates, fr posible ‘Sanghanre! sis hes evbortes i Egypt Th oot fee rovsion stad on vara east ‘expense pevoutan uli iietnepenons ne eels he Capany athe responste 1h ay, Such itences of merry be on Wie aFey of es depending othe cndons Presing in Haye Defend sla enna fran seamed ose tothe att probable tat able pts ‘silva asin which the hes em beso. Sian managment ude reed o deerme Tie omoor of Steed en ses canbe engines, ate pen te tel og apd the eel firs abe ois ogeir wh ew pang sis Inpsimetof monforele {he Company sauces wher tee we ay ado of wrpaimer et sonal ws teach epeting fie. The no. pcll ues ted frigate eh hee ae ideo ht he oy amounts 5) tereemrahe Whon vu nn glins e sderae,manspete timate expect fur xh fs ‘hm ie ate ren zenertng eta boas 2 subentire reer vee of these cash lon SIGNIFICANT ACCOUNTING POLICIES orsign corraneytranstaton the nancial tment ve onal an pees in Eayptan puns, wish she ona ereney of the Cannan 3b sy. ‘rato in fren eres ae nly re! xing te exchange ate prevaing on th date of the somain Monciany sets an lable Soma ia Crcign cures ar esate sing the exchonge ae ovate ae repeing eA Wie ar rcagez nthe teen one exe Wht is tas tant, ‘Nonna tsa re sed at his catn sap eae te ons sng exchange ates Prowing tho dae of ena eee oamoray ens unwed ssa ine eso cameny sean sng the exchanges pov, She date nie he Sia dered opens rat and equine vedo hil ot et of acne deneiaton and acctited pont se pdt eifecace of forign eehane fence wll added ascrcng Wo EAS 1A ie Tov of change feign excnog) So eof th cot rep at ofthe pat acquit en Auecontsneunce ifthe ecogiton ern arnt Ligne when major nspecton epee 3 Shlictcognzed nt caning sn ae prope, plat nt ealpnen a repent he eg ‘rr eased Al ut par end itn cos areavopnzndi he teres of come as MEAT Beprecaan a nist sors when ti de nes conn aso oto Be capone of peas Freeman intend by matagetet and iscomucegusa the saighne ei scot oH es theft ie fe ase as bowsARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.F [NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019 agesiation % itings 2am aches ad une sms Mojo cies oes 20 Tots ste Computer and stare aa as Fare and tstree Tisai rpeny plan afpmcet ee dercouize upon dos or when no ire sonic Bessie expected Fo ts ieee depos Any gin hs ising om dorcognon ae sot neti a he ten theme ab th ae serene Compoy as chong the sie of sme vce a machey & aire (packings Tape) hems snd eeive 1 Janay 2017 follows: Beforectsoge After change Depretatonss — Depreaatlon Motor vehi ea vase hin augment packing: Terapak) ion om “Thess dl vais, sl ves a eto of depen ae eve ach cia yee The Copy asses ach epning te wher hr nln Cal proper, lat td eguinen ru be ona. tet ann moun ai an set exces eos nou ease conse ipned snd win dw vo ts enwenble enol. Lagu toss ae eoghze nthe eaten of [Revol eg male oss reversed only toe has eens chang Inthe sumptions wed {lemine he snd wconersble sou sine et sinned. The eves iid ‘Sarthe cong mou the ot door ot eco ecowenble art or excel he arn moar ‘ha woud have Seon detent, nto spect, bn pnt ss Deon coi fr the set fir pear Such newsfeed in the sere eae 253. Preece ander construction Projet an const ete th ert aac a Ihe pps conrcig or pcan Property sn quent lt syndy to bewsed ne person gn #8 ateed pope, ‘mend expec Projects der canara re valued costs inpienet 2-4 Inseiments Investment in uiass Tosca in obi ar isos noes hh the Comp sc th vege o ety hap suki ore a: alo evn power of he ves, Jn nese cement Dear ernst hat snl he Invest insite ae ot fr gota aston es and in eae eines ica {hoc one sje byte vl ths gust apd raed te De seen of ner fr eh invest sept eves impr sng othe sma fname ae pein whe evel 25.5 Treswey is ‘esy bills purchased std a a The inet de Fr the nso is copii the ‘Nighi method by dvsing the dteence Bwer he emia aco he esr rane ad he purchase ‘Sotvet he number ays ot de of paras to he ede tite by the mer f days since ‘frbegnnmgote immcll peradorDatslpurcbse- whichever she es-on po he a of repo ‘Ste stomaae ae a9) pe an ici iat osed re ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.AJ NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 4 censor 2019 Inverse he ow cs ant st rial lis Cas a hoes cured ing oil os reset enon so cnn 8 Os 1) Raw rn st Spe part pce cost ona ephedra is Work in ross and ited poo eso et meus and abr sus aba ovehcs Based on art evet ot ey ‘yan goose lower he cot of production hase as he eos) or et eae value ‘Con elas awe rls des hr and aloes sre of manus averbead excising bowing se Net rail vl is bie etna sling prise fm he aay couse of ses leaned cos of Copco dhe einnad eos sass ome De sale Te amount of ty rae doen of vemorer fo bel ealbable yale mal ses of vers sal be ‘Rengnfa neo oa nthe sate com he year he mrt ow) os eeu. The but {ey revert ony wie gon err an from mbes ela vale nV be recogsied ‘ston of cot of aks the tact of eam ne earn wht he reer wes scoot esi an ter acetals ‘Acco resivabe noth cevbles arsed at org ime aust nt fay impact ass, Tape ose are meso ae iene etc eee ang amount dhe peso wae rosimsed fue cach fons The impact ef regained he Sane oF feet Revel of panna epize inthe strc Tea ah ea which Roce Acco and mae payable. agers expenses andthe pyabion Units are ecounized for mous oe pid inh ire fr tous series esi wt ile shesippr ane Provan are eognizal whet Conpany bas rows ea or cnsuciv iain asm est fs pas ‘rene ts protec into tow fare ony econ Danes wl erat wo etl she ‘Shizaon andrei ena i an he olgato can bermade rovins m6 evewed 3 he oor poston dea ds torte te event Bestest ‘Where effect ofthc tenes of any rater he tos of poison should Bethe peer va of Ihe ayes expen tegpzed to sels the obligation, Whee daausig 6 ust te tense 19 te von he pssgeo ee i ecognie ane co ‘Soca surance “The Company aes connbutontothe Ss surance Antares prema of ie ciployees liso He Companys slats se ied ghee cntbcon, which arcexpnseé when de, Lag reerve -Acontng othe Conny’ ani of asset, 5% af ow pros of he ea niet to he a aS serfs rece S02 ott sued cpt Th ere eed pn dese Fos oer ‘Sonwoly mesing baa onthe propos ofthe fondo carsaon 2s ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) NOTES TO TRE CONSOLIDATED FINANCIAL STATEMENTS 31 Dacetnber 2019 Dervowings Boning ae ini ecgsied tt wl fis eperation csi. Amos maturing tin ae Sor fre chased se curt Fahne, ner te Company bm te rik to yestpne the stlement fr Year ‘esoling oe erate fe epoing d,s ke oa lanes shi els a lang bes ‘ots ecto nt aig loon ad brs are sasequety reset sce cost uslag ‘Be toetve ison ie aol. Gln at forsee are ep nthe woes when ie Tabs tne ctesngzeé wees dough th eff inure rath nar zaton pecs. ‘Rooriea sorte aelsod by king neato ay dicot or pre omaeusen and cas hat ‘neaninegal pn ofthe eee restrictive beste orntants len nance cst ltthestmeet fncone- nose iad in sono wh he yan Current income ox Gren iacome ts ss ad Ibis ae sue athe mount pete 9 be caer fom a pa tothe touionaiberin The sae an bello compu te aoue ree sta cance ern ‘ein Bee ‘The een income tx charge is cle on he bast of et as enced the epaing Cn Ea “Movageent yearly cvs postin taken nox rts ih rss suas wish ape ‘Raton sujet snr. exces prose where apropos eos expel {pte pil othetan sabres. Detar income sas Detar mome ns eae itera eo emp liens beamed ‘ps ety tax pps (sae) an caring arm heal she cing be ig ‘Beppe xa, efor ast ogo whan potable th he asset can he ino rete tre le pois od ‘heated byte poton hat notte Ft bene ‘Conon nd eee tan sl Be sro incb or an expenses inched inthe somata ioe the ev excl oe eto th that ans nn oan ved wach ise, he se or ‘Brn ponin dety ince. Revere reogulon evens sreewzizd the exe ht i bbe hath capi brs wl Ao he ems he Ieee ent be seal) meso. Reven air te nal of cowie ecsve, ending (Secunia aes tocietmet hd usar day The oon sesiiereopatin erin st ao hem eles events seg + sate orgnade even fm he ke of gods oxagi oe he sities an ends of eer of the sos five mse he baer sully an dlr the goss Revenue Rom the ea ess ast a er ‘core costaeaton ecened escent urs an alan rade counts and volune ees, Pa. tet nce eid eres srt sty the fictive rest et Tt incre ed in ‘nance nee satenet fneeaais a nee timer wipe ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~ S.A. ‘NOTES T0 THE CONSOLIDATED FINANCIAL STATEMENTS 31 Daceabor 2019 » Goverment grate ‘Govemors as compotion for expec le aay cure fre purest of [Giving nome Eaucislvppn sats samy no frter rented costs ae recep ners ‘Shaner me youn which ey bosom vitally ea andl afckod eens ee pled Wh, ponies Aten inca peat eapents, geal and admiiiecxpenss ance expenses ate recog “nd charged the sasyen of cic nthe sacl yar in whch bee epee wee eure Berni costs cans ofr an ter cons tht ney ners in omestin wh De Sowing of ind. ‘i Boring cot rc expanse he year ered ‘Camprenensive Media aearance Law (fray 11,208, Ls No. 202018 he Compose Hest sans Law wns sue. ich comes io ecto he das fling ean fsx mons mth dat os bean tol pubic Thi Ged fom eens ro employes, ployee tc geo py te share of te etiam ofthe employes ar per ono hs mage he sl Wore a a sen LE, 50 fersont Templo ae elie pay ter nay cots ote Sol esas At ‘poor ae ae slg tn conte 0 {8 0025) a x alpen Fhe ta nal evens of Inds emer somal wher te lp yer sujet. Th ant sot ona = {sso neue pistons othe face Ta Las Callacson of ctu of heath sree acon {ote Seanil ep a teases soe othe Tes AUP Rested party ranastion ‘eh pares open saci compais jor share, dcr ey manage perme ofthe {Componys and ents snl ny sonal elstcaynecee yah pres. Pri plicesond Jenne of ee tnsconn ne approved by he bons a Ueto rir nu sth plst woud be ena an at aio ase iy nan cde taston ferwcen nel pics a fi ecient te The far vue easement based on th este tht the mamactn al se sft Iai aes pce eer ete prea arte forthe ase or liye te nos shane rset or de ase abil, “The fervor ofan aet ora iy mens sing ee asp ha st pias woul se won Pring oc su obey, ssn eh pripants at nthe ere et nes 2 ive meastrement of afin ss kes ino cont 9 sot pastas ay 10 geate amon betes By ting the ee night antes se Ey el Ha mabe are! pricga st ‘pald ws he et 85 aon esse For nets add nan sve wrk, rales deemed by fiance qed mae bd ps he iva finest hearing teeta Hal on dour <9 Aes sg irs aes or es srs ene nd kare Tor wt ast vale dteine by referent the matali of sar ase or shed on he owe discon etch FoeARABIAN FOOD INDUSTRIES COMPANY (DOMTY) —S.A.E. [NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019 “The Company wus vation echgues at are appropri the chcursuess fr which sien dt re tule to bewove ft value, massing tn Uo eleven sens aps and ning the area {rotaerable pus Alesis abs fr which irae ena or sod te Consa foari taternens ane ‘Grego within ie ur vas try, dsr slaw ted nt Tove evel pa a igen {EW evan surement whee bes! 1 Pat ate macarons ace se vd oon qed piss an oie market at oe ‘je Sorel seo be + Lee Por ule metre oe derived ro ngs hn quote ies ined win tench dor ae absorb fore ase or bit eter dire ( pes} oF nde ie denved fron price, 1 Loc! Pur ylvemeeseromente as dived km vauasontenignes ha ine apis te ‘oso lai fat eat seo berber daa Cabra npus) or sets and iis da ae ect nthe Conelida,Saai stenens on a euing bak the Conary dermis witha nse ve ocumedeeos vos neler by atest eters suite so ach epoing prod. wth pepsi ale doses, the Companys deo clases of sete and ies on he ss (le sui carceiies on iso he seo aby site eel ofthe Fv erates exlaned tore Contingent Libis aed Assets Coming! bes ve pot resosic ia the conned fami sateen Tey ate sass less he pny of a ouow sf esouresmbadng cama Beets feo ‘A comtnger ase i ot recopied inte sorted onsite bu los wh an aw of ‘onan eis prota “theconponyasessa int acepion wheter cacti or conse. ht fhe cas comeys tievihto onto th of ened ar apr fine echange fr cms, “Tacconpars apes single ecogion od mctiumers ppreat fora hae xcept sore ese ad Icecrown aut The company rcnzizs lee abies oak te pms ii-oF i aes Feprasing herb te the undying ass Ae Rlgheoane acts The Group reaping a sets athe commencemet dof he esi edt the serying st sve fre). Raghaase ashe are metstan a es esumates {ecco end ingests sa nd asd er any rmetsnemest ke Unb, re ‘iiveatace ssn he amt es aie reoysia ie re ens euro Jee pment a ov elon th compeestc ates ty Kae comes eee Rights sts rs dpa night fine bas ove tear hs ease fer a he {imowd nhl vero ese acd oe nly s epic deecation pli. = wows tho eed mst rants i onpany a end oe em oe ca refs ihecuocle ofa pcehseopion, dprecaten x caclaed oie setae sei i Fe ase Ipod nthe ents pple deceit poly “Ths aoe setae abo abject 1 featARABIAN FOOD INDUSTRIES COMPANY (DOMTY) -S.AE. ote TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 December 2019 she commencnat is Lease Lib ese sl meet ability at th pent valu ofthe ease Pinetop a at ds Te se payee sae aco using the ere ae [pint est ae canbe ely deere. the rae amet be ely deen, He Jenee shal eth ees rere Boro a ‘ibe commencement ie, he ee net ead i th messmo he aetailty ‘ne te flowing et forthe pe oe he dering set rn he ase tr that re orp athe ommend 2322 Impalement fs py inning cpt tat pag BE Tee inane rset ‘valve apne th penn an des 8 ally menses the dos ‘esate commerceben He “uns expt tae pyle he ce wader esi! vale ganis the err pc of perchose opin th sce seasonal est etre ha oso payrons of pees frmiing the es, the eso els the se exersng {Spuon so arith ee. lnpairment ofc asses ‘he Company esses teach eponing date wh he x ny bj: evidence sol wat & tFuup of Rael as spate, A fee set or rp of Branca sess dee eb paed f snd Sn Hf thaw objective cence ipsa er eof ae or are ves Ut as Ose fer he [Ei repanon of fhe ast aw 99 pot the estmotd one eh as oF te anes he op oF ances at eon Be sy eed ‘heCouipiny sce teach rpting ae wheter trem nina en as ay e pd Fy Inctonexou,the Canpany caste ave’ reovoble anon An me's ecovable amo ise phrases or COU" a ve fers of pela twa nae. The resbtble aun is ‘aeine fo at avo sls the se se gente cash lows at egy independ of {Fen hom tls bro rons af ests, Whose crying anu fant CGU ened ts tenverble unheeded sie a ten don fever HD | provi recogsied impaimen oss oly overs etere as hon change i i soins sl 12 emit he secon toa sine ngs tpn a5 was eens, The vers eis furtccning snout of et dean ete respec aroun exceed he caring R04 ht ‘fold tae bow atric ef drei a no pmo os teva cso fr he se par ‘fos Sachvoveret heen se atm’ of gone 2923. Statement fo News The ate of ath ows prepared sng the nt! ms 2324 Cash and ash egatatent ov the pane of pearing th sh store the es and cash gual capes atom lan, cet Secs rh as st pnts ting within ee mobs es Bark overssno sunge pee os po AY Te aH eee Re wT SeENTTSE Siars ase Tiswee "TOV Hence Geren (ones w © cae eis ors) opotese euch voreeeth rr Saree cercHRUES severe SS . SINSNALVIS TVIONVNEd GBLVANOSNO AV S~ COUIANOG ANVAINOD SHRAESAGNI GOOd NVIEVAYcess pooaxse ) made pur wget 5 04 US aes PR roe State Aes aad Ese eons 4 gos'so9'er isso smimoges ——ticomna nko pe wes eed sap = SUNSWALVIS TVIONVNEL CALVAITOSNOD HVS~ (KINO) ANVANOD SANISAGNT GOOT NVIse woudings se une sassswasn soon © SUNAWSILVIS TVIDNVNL CALM VS CLINGG) ANVANOD SIVAN GOT NVIEVAYsana meee Rae GPF weuSY ua ‘aereee fos) —— (ico) se) PD Gwen (ove) (6sste08) RIE Wrate — arwee wor ieee ETE wre F 5 : (ors oss oeucror—seazoect kareena soovecie soe ters HVS CIAO ANVANOD SAAUISHGNT GOST NVISeem on Cece win pan dnd jose mn a 51698 uemorate seinen wD sere, crew aster sestiese panei sets 8 ner 5 so ness eas pu and Sud jo sss sew 9 586 cS 02 aque ie SINGWNSLVUS TVIONVNIS CAE VEIITOSNO? SAL OF SALON IVS TATROG) ANVENGS SANAISTGNT GOOT VIVEARABIAN FOOD INDUSTRIES COMPANY (DOMTY), NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS, 31 Dewsber 2019 [PROJECTS UNDER CONSTRUCTION Asian summa 27a0taT Francs prs latent ae 3 tenes) osarearn Tmo papers. planta aie sat "Q0ei8, a ines Pros ner coarstonte amd flows aay isha § IRVENTORIES Soemee ‘3992 ‘pais Wr poss haus Hath Tete __— fa _omtin {6 ACCOUNTS AND NOTES RECERVARLE pretibial sismss ahs Provision rian of ecu ohbie provision for inpatient of aecagetsrechables erase flows: 8 december 219° SL Decener 208 ‘ase ener 961538 Chad dna at —— ousARABIAN FOOD INDUSTRIES COMPANY (DOMTY) “S.A NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019 4 REPAYMENTS AND OTHER DEBIT BALANCES . Proper yaaa su 31 Depo wa ebors SsisaT ‘eon Empogees advances t5ecnas rats ‘ool pene pers pn ene past simnn ‘navanaes sop eaaaone ‘ened anes visas Utes eet arin on ate f puro ae Provision npn ftps aterreciveles een fe TRRASURY MILLS st meember 2019 51sec 2018 dace ice pane sma, NP ory ls “aaa east Inmet reper (ries sen) 2b asta rains tx nr ori tome) es ata 4 CASHLON HAND AND AT BANKS. [ReeeRPaeee "eee (re us sonsgss 1 Fosge arene 18 PROVISIONS 1 Deconber2099 A Dsenbe DIE i te Duane sof Say cana asa2is Change rt see vant asso Nonger roses soaks sed dng he yee _aiaain he it 3 Dab ext te ping ye i (tiSind nas poea ee. et ey Rea noni ssa ttn ce wna ses ‘vata eae be ease 9 be mgt with ose pis Tse panne een Scions Usury nubs sp oemARABIAN FOOD INDUSTRIES COMPANY (DOMTY) -S.A.E, NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 Devember 2019, 1 SHORT TRRM CREDIE FACILITIES Dow 201931 December 2018 mo te 2) Saypan pounds asigte ——sicouustl 1) Foren ctrenies Sieass _ssssroe Bameor EMIS = Coit in epee et te tis om bakso tee pots woking apa ape Iecers of ect eying to EP 2 208 aan, The re alien carson avesabe ret eof (599% fr fies danni in Egypan pour nd aveage mse ref 80% for Ts evant in eign cers, 1 TRADE AND NOTHS PAVAILES steer p “eae ass anaaaas sae sda ee 15 ACCRUED EXPENSES AND OTHER CREDIT BALANCES Acard pens ‘svn rom sre pon ee ots Dar Socal nurse Aatiy acai (ns laese Le TERAE LOANS te en conn prtin nates testi 8 sae Le senigss6 535810 803 rane up me QN HSBC EAL Total BANK © te uk tsp us, 1 Pane of Samay 2059 Swoon z a0 Procter ese asset soma ssarsat8 Pence he es sco aur a LSS TTT AUDIBANK HSBC se ‘Tou ue ue uso. 1 ate of ery 2088 Pwo 2 i7eom — s19m,000 raeang20 Paynes cing te ser _Gi3so00, @.lmom) irate anne zae, Face as 9 3 ecm 208 am ee S070ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) —S.A.E. ‘NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 3 December 2019 {oe from Aad Baek —Eaypt «Represents ton sn gana 9 te Caspany ring 2014, ani 19 LE 46.6 tin oon Ao aun Egpuio wo ranches ao ex waste amon to LE 364 milion ee 0 et etn bn cad ies ed oe paid io ecb eatery nines sai oe Sept 2018, Second i apna 01 10.2 ton and wos wed py tone grate wo He company by |i Ue Bask“ Epp and be ui nee ean ln tring om Osco 2013 “Te bk as hs eh Yo ist dese of cacmeril morgne tbe Companys reper pat ad vent and ingest covering ts ta 1108 oe an alse ines oF reach of he ‘Sun covramt, Th ae isso got y he Company shes he lnm Blac smut 45000 ws ill pion ansary 208 ‘Ln ot HSBC Bak Foreign currency oa epeses aterm fan gre to the Company cing 2017, anmating to USD 336 ion fem [HGR Book weg creat ons gre tothe company hy he Ea as working ep {neta os anlcoveng te dtc ae rm ects eal careny vale. The a Isreal over oul ssaliness ‘+ Loum from Commnercia Inleratons Ban ‘Oe 12019 he compat gd eon en oan eon th The Gere ner Bank (18 Egy. ehrty eB lw Dt as eg af to 100 mon Fyn ‘ound, smog 10 EL 10 fon om CS Dash Parse: “Th Ton proceeds wl be wed oa the companys ote exnson eal expenire ic ‘he mane eu 2019 fs tn copays rw pes eprsees i Dkr ah ONE ‘suing ters eee wh main perio of 35 days, nth maximum sour of EOP Vin soul toUSD 1737000 “The company is comme t spy Be fan seat 6 20 quately linens ting air 18 rents Hor ed bl wast Lean from BAUR [Reps ee iy he fare of ame lan ane te eompany bye San ‘ha Lard Book with lament USD 00000 ons tw won and ne hdl hound Sale ony ‘Te purse ofthe rtd fsmncing to nce he impor of th sakery poutine oan arm gesting te Bac nd wows po, ih masa of 1 Goths be poe 1870 eal quartets + Loan fom QM -eprescls cei iy nthe om a longte ayas te campary ye Qa ‘None! Bank wha ot wan oF EG 000000 Cnt five ain and Eayvian pounds). ‘Te yun fhe arms cng et nee he ushase tw ars cain foe ict rape development aan and ase he acento Goan Nationa BK nd Cammerci ntersona! Bank Mme: Tsing te zee sing rom wir ss when sth sn ine ad {uP oreo fee esha pe psd all on #1 200,ARABIAN FOOD INDUSTRIES COMPANY (DGMTY) -S.A.E NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS, 3 esembar2019| 15 ISSUED AND PAID UP Cam [At gach of 31 Decere 2019,31 Dssembr 2018 the Cony’ shai cpl aoa 19 UE ‘sudo. ‘sof 31 Devomber 2012, th sel an yall up capt as LF 38080040 dived over 1290090 ‘Bass ofp voc LE 2S ch ‘0n38Sepreaber 2013 he Extraordinary Geral Assn appa erase ete sue and pod capil by LE 20000000 dite oer #00000 shares ste por ae of E28 Yo vend QE ‘hh. 000 reap suede osha er very 4 otstntine tae 4m 21 Ober 2015 he Eaurrnry Gensal Aneel dese! be Kapnenmin of th nial Vibe ofeach shure Bom LE 2640 UE 0) ad as agpraed i hegoanocaepser on 1S Desker (0 7 Api 2016 te Bos of Der did (tore the extasdary Geer Asselin {he 1S Janay SU16 to eens he oi-e capital By LE 632179 ined ovr 22608605 shares ‘Taha nomial yf 20 pan per sare Yen hea plier held on he isl vals be share aauned o LE 920 por share wee the iene LEY wee share presi, coring ace 94 oft Compas La No, 159 of 19H he peentng Regan. an vont of Li 9366-713 woe al ota premia tothe ep ese, Ts the pl se ‘hate isued copa And aspera were sed Wi de eraig aren oft premin (LE BELA2 35 afer dfeing he tauansespensex of LE $889 anh pal ieee as toed nth ome oso 17 May 2016 eer tend nd pid capital a 3 Dever 2018 amounted OLE 38,521.79 ddd ‘ver 285408605 se af te pr vtucof LED, 01 DECEMBER 2018 LE S6SE1 739) 16 RETAINED EARNINGS “The wine caring of Be Gop len aeunt PLE 912201 9 31 Dewi 019 (91 Desa 2018 LE 15497) ne ale he tion Die al erate sso: 12 MACHINES INSTALMENTS “The inci insti eps toning nll fa th ached pking chines fo the Siti a a a etre The ann eres sl Te te Not rt ee ere sigmees —— s2.920068 Eero at te tan Sire years ect oseasts __34986.00, Sars ses, 18 SALES TAN PAYABLE ON PLANT AND EQUIPMENT Sus x oye on at suet represents he teed ast fakes non he pone trochincsaneqipmers ioe doered ar 0 ys ih 3 eae prac pear acordnze with appleARABIAN FOOD INDUSTRIES COMPANY (DOMTY) - SAE NOTES 10 THE CONSOLIDATED FINANCIAL STATEMENTS 31 Dene 2019 1 INCOME TAXES, rom 782019 Tne Via018 te Cuneminometanes 3971150 Defend come ses Sars Income Tice ESI RECONCILIATION OF THE EFFECTIVE INCOME TAX RATE 57 ser 18 3 December 2018 ee LE Bae Le Pr se come aves 9sar3s88 ayoatas Trane ier eens Tie a5 Tol ro etre een 6 :S11812 Incoetatesm thespian eis 228% sans mao Trea tv ress ils 20% ass 20% 3557082 Now-dfasible expense an Income anesthetic 16.8% 9a rio Compancnts of frre ax Hairy are as ftlows fo ff Defer in fr fepreasinofPpeny, plant and eine sogsnss 28072403, Defend a or Fare eens : afer fo pines of counts eesiabes Defer a Prva ‘seed lain agin ight fs by Netefes t (ih9) 2 SELLANG AND MARKETING EXPENSES. ‘esutaane Asin and acing wees names 535614012 Soares and wanes seassonr (27198357 Warehousing Wrsueg6 162402 Verso ane respon es RaskOs Rae ase rues 1910386 Revere flames risa), 7 Spare pr ad items ssa 2006 Degen N01 3) meses 1221216 Arortvation = ia oF Us ‘36000 B Imurance sein 508320 ryan ech bes ‘enan7 ona eh S99 ‘ring ne oying expense ed sloray S78 Metal Core een neeARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.E NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019, 21 GENERAL AND ADMINISTRATIVE EXPENSES, vesinzans—wsgaune te te Saar an wage s1st6s06 264218 ‘ar aliases ‘590062500 Depreiato(Nete 3) 167s 486076, epcion- Right Uee seat Rovere ese, BRO 480 Less 55i07) Rent aoa ase ‘Veil nd wanporain rent savers 180.888 Anoization of eter copia = 9s Ssatieary past 261.36 Motil Cae nigga 30816 Donaions cassia 662 ober __aastis _ 3380s SIH WS 2 NEP OTHER OPERATING INCOME : va pat ppm sly 3026.68 ‘nein spot Tr Pk Compary Baas Soaps “4099285 Chin rom sl of Pape, nla an equipment (pote 3) hs Otrerevesus haan om tne1y om 018 sersh en errs ser ie anne From nif ais TE te ote an and ce ios ssonsais 17asigis Inert Expat ee tit Tasha 7 (Gin ones fr frig exchange ire nessaARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.A.E NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT 31 Desenber 2019, 25 CONTINGENT LIABILITIES. |Ac31Deserker 2019 the Gong i soinget bei respect ark ever of uri isu by the bnks soning ta LE 4880 000 (41 ese 2018 FE 0229208), And le wpe at MO ‘el bi aie ares of ese ees, 26 MERGER RESERVE Mer teseve sree difveceetwees the iia afte stare he subsiian acquired Inde Connon Con! Tanscton a he ens i erslraton for sch degutsnUnt the et tthe Carmen Conea rsption ne re” sure reese the oma ae oe ses of Te ‘Stay owed bythe cooling shaohlders ofthe ar Chesser pail By the Campany ‘he cooling sacle forthe rare ah ily arson 30 Ap 207 een rested ‘bon EARNING PERSHARE Basic nd tein pe sh cate by hide he pa ese yo ae wo he sy elaow of he ter ewe average mero Se aan Sh ee ete 201931 Dace 208 te i eof sear tssteegns——stsaaaas ‘ohyes ne Hoof ets diens* No wal ditto ae epyes a Yo ‘ose ple Suber farsi asa ie amis po ae + seceding tothe Reppin a employes Bro Decors ener ae ented Lo perce of Th onan pian rs Shing en Sided are dre 2 CAPITAL COMMITMENTS 2 Capita commitnents bane ae somoany’s corr capital comin a5 Deceber 2019 amex {139386581 31 Dowmber 208; 65198884 3 obo: pam) _896, 207, ___ aes aa iF ue stn: Msasw chlo) — Mossaie Big atom ‘iat “OM “ke “itn aneancn Sioa hear) anes Sioa —Gaminy “eke 31 Dcenbe 018 Coamcanas alam Uno noe : Pt iE Nasi enone cousit arsragih sass Solin ce So Moma “skeen ‘one ona) aaa sug aii jogs,ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~S.AE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. 31 Deseaber 2089, 2 LEASE HAMILITY “Arya Hay accnctng standards fe Halley amounted ESP, 605647 a ellos lice aro Son 2019 Inset pd hough he ear Buln of 31 Dever 209 estan ane yee re tim ae en ar ha yes 18 SEGMENT REPORTING ‘i 2072 the conpny a oping nee ses rem Sete 2013. the Company sted otra aspen i Be Caen de tin ofr ot hte me Conan een epee no nae seen fs ‘aby route Se Pras Baber Prac he Ente Maragenent Coss min cert ests Bsns uns ey or tho pupost of taking cectom whut vem alosog at penance seer SEB Feces enh al ov gr it adie muss consent wih oto oe He ‘seine amc semen wwe the Grows Bracing neldingfane os and e incon! mone esse aged on Gaps ub ea loses woperning samen ‘Te avon ofeach soma epee neste mpi th cit Operating devon Tne forte ppc of ating dacs sot locaing snes te bent nd sen petmance Pinay sezmente retreated prac fo the yen ee 31 Dene 219 ae fons okeavaducts lary nda Laat TE ue ra us Segment Slt aomsiadse —susaaeich—_a3kamnast Seger costo er 398) einen 6230 _y9e Gan Prot Tass Seah aise ‘psring expense nt oar apr income wosresee rae nome ‘sorts Pasco ears wares ei src Cotibuton (Gomg lecane tx expense lena et oti 1 pin fre yar iasssinny omy BANS agtsasyy ema piso forte ear Son) aon) 88550) ‘2301 Depa fri yaoi) bse ara + sane gzn: Dupin Rite as “cman __ a sen) Sas IN, peARABIAN FOOD INDUSTRIES COMPANY (DOMTY) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 Dover 2019 mney septs rset produs fo eur ended 31 Dee 208 ae os afr prducts Jace enduts Siammcacd Tua Sepnea Snes azine sss soarson8 = asasa Sepment cof ee Waseioigsn _qauivnisn _orsiize, __o giana Grae it sa Sigiiast ho Sct erties eater epratng ce areas nee ae bass mes expres miso aoscs eis saree Contin Nesp eget Depa eee Depreciation Frey topo lusasom ——cesananry —ONERSI2) gman) same Depsistin fre year st) tian) asks) ‘ais plan exer sos) __ ames) 2 wana cos. aang, anes Ti ae Seqment sts ‘1 Decenber2019 Diy proses Shee pradects Mabry prt rao Tat ue ue a 1 Solace hiosieaeh TAGS ISATISOS 1 SIKBAN GOT LAS.IIOIOF Cops ct (Ft opon) inohass —Sst0.265 esis ‘ation (Tid ton) iiegaes — 1SHa@. Iguigao —aests9s 0a8798 _ 30706307 “gsi Tres, “ovate Dain pret atery pros Uatlos re i ae 1 1 Fo ss uasssaae 44738,09 Lsezonogie 797839900 Copii se (Fe tind asaian) Gash : w.2s.08 VahotonaseThioniin) E4727 _ 8.707301 att otal ane S068 BeBe | wR Tas Teo ‘Secondary Seen resells geographical gs byatea fr he yer ene 3 seme 201 are 8 ‘Seogrenta ates, eel a1 December 201431 Deemer 2018 a [a ce 1469261853, tan0009368 ‘lesa aan Det Soins upper yet aT Ts073.269 Zisenao2r artARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~ SAE NOTES 10 THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019, 0 tea fou insti company DOMPY) 9) Corporaetase “Te Company as esp fom eo as rin yee tial Fm th eommencemt of pera i 3 eer 200. | pears up 2010 wer ines by sh Ts Abr iin ns bien rere ‘st inton ar on sed ned by tne Compa. "he campy inet te Tex detains te the yrs fxn 2081 up 2816 a hey wee snaps bythe Fn Ais ne ciety ng ed “Te compary suited he Tx clarion fr eye 2017 a 208 adn spctin eo pace = 5) sates tes Vale aie an The Cony ros oe ope a all kes ue were pall he ean Kom comencerent of pete i 2016 rom Jou 217 i ese 2018 th eng bit the se tx ret Be thy hlsend atl ae, No ms tepectn oo place fr ht pve ©) Saey tase ‘Tr emma! foprain 3] Deemer 208 he Spay sssords were sped aastine oe wee al arth peta rom Janeary 20:9 it 31 Decener 209. fe company wie! wl pd he taxes eon mot base a eel dies earn clova o . ‘Toe sompany pte ar Dsetber 2019 on ass 2050 4) Stomp any tases oral yu 32 Dacenbee 2015, st Sty es ave bn pected bythe a Au nd pi bythe Company he yw fn ary 2016 o Paces 2019 th company cleats an pu hen rer ©) Witibltiag Fm coment faton it Davee 2018 he Companys eons we suse {nda no de were 9. ‘Company ok on anton eons wl ae es 9) Reattae as Paton was ied by she appa ctsmine wpusiog he rea ete a, the company was ‘oii and ebjers adninisrive oie, Te company sled cx wig, \Teveccne ofthe apps senate a aol diy pn el he peste o he Fore prod tl December 200, {302 PU Tater for Fo! Idustes Company sy Corporate tases From commencement of operation i202, he Company tnd te tox rete on a ep tos ini gel deadlines a the Investment Ta Auta ede an tinal eel ‘hee yearsare ttt a th company eked fe hsestntan dag sbiting ora ‘hah aga dae aod cel recor ee sped on he Fs 3ARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~ S.A.E. NOTES 10 THE CONSOLIDATED FINANCIAL STATEMENTS: 31 Docenber 2019 he yer 2013 aa 2078 he Comey sed he seta 0 ear al win th el dae and heen erent ander naan yas aes Va ae ax Trom he commana fort ol Devenbr 209, he Copy subd he sales ws ‘sus on sony base aa esa mo pctio o ps e, cp Satury ane ‘rom commento pci il camber 25, he Carga wih ad pid he es {hen wort bss ad the Invern! Fax Acie made an estate celsion a thst Sess nated nate sngany ajeted fr theta cuenta ests Wl be {eimpecton te eget yn Fore yor 2016 2939 Carp wit pi thet eo yb within ‘hee dn acer ae fw ce copy ithe NN or she yar 2018 ob Say 208 4) weotag ts “Toe Comply wiles on sransctns in contac witch a 32 FINANCIAL INSTRUMENTS AND RISK MANAGEMENT. sy lnsrest teri ret ie sh ek ha he sale fate ash ows fw nna sent i fetus Benue fangs fn ure ere aan, The Conny exposed Wer re Fik nit inresr cng abies, ons red fais an lant ens 31 esenbar 29 2 bsente 018 Changein— ifecton pres Chane eet onproti Invenerate | beure TAX ieceatate pobre TAX, Le be sti “1% astnim——Libin Hm (946556 i ‘ssint70 se Act 1), Forsga Carrey Rik Th ten crony sk he the yal of decals ihe an te read ash inflows ot saflows in sig sents wil Rte eo etmages in fl enone ‘change nel ans donned n free creas atmo 6678397 (Ei Becenber 2018 [Iba ste) whe tet nc! Laie done iy reign Coreneice sun to L238H4564 (31 Doser 2018 LE E337. 960, ©), Grea is ‘Cie ik he ik hat ee pty trl rsnet el al scare on bin and see ee an na a na ss ‘he Company seks ot red h 1 epet wo nk pygmy cont pecans Ibeage fit an le ding wth epunte Danks. “The Conany sok ot ii kwh pet oct y sting ee ini al Costs Gat on tng ers ad enon otsading etstome ese lanes 1) Lig vik he Company shjecte to nininataloee between cota of fonting ey ough ‘house loans and finns ee The company es eed Timi and ces he ane de atARABIAN FOOD INDUSTRIES COMPANY (DOMTY) ~8.4.E NOTES 10 THE CONSOLIDATED FINANCIAL STATEMENTS, 31 December 2019, ones aii ea ele eee 231 esember 2019 isons 270680 139440 112276267 agaist Sipps werd expenses andor papules 279534488 i b 219834488 Sales tax payable on lat ad upc psi2sT sans rant 207978 Income Ta pave wane sain Note arable 1313s ‘Salest “Ta fon abies (Est mar rom i912 rom L163 More than wots ya sym Te 52 Decanter 2018 Lone reese ato ‘opps asd epee and ther pyabie : i : Saks x paobi ch plan ad gue mass a8 : Some Tat pyebe - 5 amiss ot ce Habit Ta aaa 9 Capt rik management “The company managers capa 0 este ht 3 wil cata i sie fev wile nasing the unt harbors ugh fe opinion f Cat oy ates The onpny's veal sey reais ears 38 FINANCIAL INSTRUMENTS the Compas cal natant re eset nll ses ab anc Hie, “The foc etn wash on hts a ban, ian oe bles de Kam eed paris an wher cea The nc tied aes es payee ter Wan, So em cet ait, machin niet geen ts ple athe pai, ‘he saint acsumting polis apled fr the recognition ud mene af the she = “sitios Ril ute sd inline related nome expe a nlod ie {GhaFtoenner the Fone aaron |S PROPERTY, PLANT AND EQUIPMENT ADJUSTMENTS SURPLUS. aknce Asaf Janeary coxoast "ranked eae amings os ochiney ausmens sep Depron! (a778) “anf w alae carne fom vehi fires ele (Deen) 7.69) “Tenufned wind cans fom machinery sine spss (Daa ana) 99%) “Tra eed eng on eben sph Dap) Ee naseoia (tea) E80) ese