Saudi Aramco made its financial information available in a prospectus for a $10 billion bond issue, revealing that its shareholders’ equity jumped 25 percent year-on-year (YoY) to 1.017 trillion by the end of 2018.
Cash and cash equivalents more than doubled YoY to SAR 96 million, with time deposits surging by SAR 93.1 billion YoY in the same period.
Other balance sheet items saw a YoY increase, except for investments in associates, as a Netherlands-based firm was converted to an affiliate.
The state-run oil giant was officially declared as the world’s most profitable firm in 2018, with a net income of $111 billion, Argaam reported.
Saudi Aramco established a Global Medium Term Note Program and started on April 1, 2019 a series of fixed income investor meetings.
|
Balance Sheet (SAR bln) |
|||
|
Period |
2017 |
2018 |
Variation |
|
Cash & cash equivalent |
87.42 |
183.34 |
+110% |
|
Current assets |
253.2 |
382.7 |
+51% |
|
Properties |
751.1 |
873.8 |
+16% |
|
Investment in affiliates |
27.3 |
22.6 |
(17%) |
|
Non-current assets |
849.4 |
963.5 |
+13% |
|
Total assets |
1,102.6 |
1,346.2 |
+22% |
|
Short-term loans |
8.9 |
30.0 |
+237% |
|
Current liabilities |
149.1 |
183.7 |
+23% |
|
Long-term loans |
68.7 |
71.3 |
+4% |
|
Non-current liabilities |
127.2 |
134.0 |
+5% |
|
Total liabilities |
276.2 |
317.7 |
+15% |
|
Capital |
60.0 |
60.0 |
-- |
|
Shareholders’ equity |
813.8 |
1016.8 |
+25% |
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