![]() The impairment/ provision is calculated using Expected Credit Loss (ECL) model as required under “IFRS 9” against receivable balances of leasing, utilities and service charges.Ħ) Increase in financial charges by SAR 60M is mainly due to increase in SAIBOR and increase in credit spread due to restructuring of outstanding long-term loans, however, the increase is partially offset by conversion of part of MOF loan into equity during 2021 resulting in reduction in finance charges by SAR 13M (with effect from date of conversion, i.e. Increase in impairment loss on account receivable and unbilled revenue by SAR 7.5M during the current year.During the year, the Group recorded an impairment loss amounting to SAR Nil whereas during 2021 an impairment of SAR 16M was recorded. ![]() The variance is mainly due to the following:Ī) Decrease in Significant Financing Component “SFC” by SAR 15M mainly due to cancellation order intake.ī) There was an impairment of SAR 38M in previous year, whereas there is no significant impairment during current year on development properties.Ĭ) The above positive impacts as a result of SFC and reduction in impairment on development properties are partially offset by variance in order intake of SAR 264M (Net order intake 2022: SAR 306M vs 2021: SAR 42M), having negative impact of SAR 32.7M.Ģ) Increase in general and administrative expenses by SAR 172M mainly due to certain provisions.ģ) Decrease in marketing cost by SAR 17M mainly due to reduction in additional discounts given to various customers during last year.Ĥ) Decrease in amortization expense by SAR 6.7M mainly due to certain assets being fully amortised prior to 2022.ĥ) Decrease in impairment loss by SAR 7.5M due to the following reasons: Key factors impacting the net results for the current year, are summarized below:ġ) EEC Group has reported a gross loss of SAR 217.5M during 2022 which represents decrease in gross loss by SAR 19.5M (8.2%) as compared to the gross loss of SAR 237M for the corresponding year. Total comprehensive loss for FY-2022 is SAR 1,122M as compared to the total comprehensive loss of SAR 788M in the corresponding year. The reason of the increase (decrease) in the net profit during the current year compared to the last year is More information on federal spectrum management and the international process is contained in the NTIA Manual of Regulations and Procedures for Federal Radio Frequency Management.Total Share Holders Equity (after Deducting Minority Equity)Īll figures are in (Millions) Saudi Arabia, Riyals The Department of State submits the approved documents to the Americas regional group, the Inter-American Telecommunication Commission (CITEL) of the Organization of American States, or directly to the ITU depending on time constraints. Once reconciled, the positions are transmitted to the Department of State as draft U.S. The FCC and NTIA reconcile any differences in their positions through their designated WRC coordinators. NTIA conveys these positions to the FCC’s International Bureau Chief via official correspondence from the Associate Administrator of OSM. Once approved by the IRAC, NTIA reviews these documents and develops a final position. ![]() Once the RCS adopts preliminary views and proposals, they are sent to the IRAC for consideration and approval. The Federal Communications Commission (FCC), while not a member, has a designated Liaison Representative who works with the RCS. The RCS, like the IRAC, is composed of representatives appointed by federal departments and agencies. The RCS develops preliminary views and proposals for WRCs. OSM performs this role via the Interdepartment Radio Advisory Committee’s (IRAC) Radio Conference Subcommittee (RCS). NTIA, through its Office of Spectrum Management (OSM), is responsible for coordinating the Federal Government's participation in WRC-19. WRC-19 will consider spectrum requirements for uses ranging from identifying spectrum for fifth generation “5G” broadband applications to global safety and distress systems. WRCs are organized with an agenda based on proposals made by member administrations at the previous Conference. International Telecommunication Union (ITU) World Radiocommunication Conferences (WRCs) are normally held every three to four years to review and, if necessary, revise the international Radio Regulations (RR), the international treaty governing the use of the radio-frequency spectrum.
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