Ataa Educational Co. — Earnings Release 2021

Sep 29, 2021

Ataa Educational Co. announces its Annual Financial Results for the Period Ending on 2021-07-31

4292 · 29/09/2021 08:28:02 · Announcement #64994 · View on Saudi Exchange

Ataa Educational Co. announces its Annual Financial Results for the Period Ending on 2021-07-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	280,002	336,377	-16.759
Gross Profit (Loss)	75,327	116,255	-35.205
Operational Profit (Loss)	58,370	99,498	-41.335
Net Profit (Loss) after Zakat and Tax	37,065	75,799	-51.1
Total Comprehensive Income	35,916	69,604	-48.399
Total Share Holders Equity (after Deducting Minority Equity)	744,740	749,049	-0.575
Profit (Loss) per Share	0.93	1.89
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	1- The decrease in net profit is due to the decrease in revenue by 17% compared to last year as a result of making additional discounts due to continuing to close schools & continuing on online learning, Although the operational cost has been decreased by 7% compared to the same period last year.

2- The decrease in other revenue by 38 %, due to the suspension of students’ activities, and the operating of canteens as a result of school closures, compared to the same period of last year. Statement of the type of external auditor's report Unmodified opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion There is no notes Reclassification of Comparison Items Reclassification of some comparison figures and Clarifications on the annual financial statements for the compared periods:

1- An increase in the payables by an amount of 3.6 million riyals Clarification No. 9 (Orouba Complex lease contract obligations)

2- An increase in the amount due to related parties by an amount of 8.9 million riyals (obligations of the lease contract of Dr. Ahmed Al-Mutib - member of the Board of Directors) in return for reducing the liabilities of the lease contracts by 12.4 million riyals and other receivables and credit balances by an amount of 0.1 million riyals Clarification No. 12 (Related party transactions and balances)

3- An increase in general and administrative expenses by 1.8 million riyals (bank expenses) in return for reducing financing costs by the same amount

Clarification No. 27 ( financing costs ) and note No. 15 (transactions and balances with related parties) Additional Information Ataa has acquired Al Elem International School Company and Al-Awsat National School Company for Education and Training So that The financial statements of the two companies have been unified with the financial statements of Ataa Company.

We would like to draw the attention of the shareholders that the condensed consolidated interim financial statements for financial year ending on July 31, 2021 will be available on Ataa Educational Company website

at the following link

ataa.sa After sending it to the competent authorities, the company also wishes to draw the attention of the financial analysts and investors to send their inquiries about the results of business to the company's email

ir@ataa.sa

And that is within 10 days from the date of publishing the financial statements.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.