Balance Sheet
Statement of financial position — assets, liabilities and equity as at a specific date
Year Ends
Base44 Private Girls School
Balance Sheet
As at 04 Oct 2026
All amounts in SAR '000
Assets
6 accountsCurrent Assets
| 1000 | Cash at Bank | 206,384 | 65% |
| 1100 | Accounts Receivable | 54,912 | 17% |
| Subtotal Current Assets | 261,296 | ||
Non-Current Assets
| 1510 | Accumulated Depreciation | -4,500 | 1% |
| 1550 | Land | 20,000 | 6% |
| 1560 | Buildings / Property | 60,000 | 19% |
| 1570 | Accumulated Depreciation – Buildings | -19,500 | 6% |
| Subtotal Non-Current Assets | 56,000 | ||
Total Assets317,296
Liabilities
3 accountsCurrent Liabilities
| 2000 | Accounts Payable | 200 | 0% |
| 2320 | Pension / GOSI Payable | 5,880 | 12% |
| 2330 | Net Pay Payable | 43,120 | 88% |
| Subtotal Current Liabilities | 49,200 | ||
Non-Current Liabilities
—
Total Liabilities49,200
Equity
3 accounts| 3000 | Owner Capital | 120,000 | 45% |
| 3100 | Retained Earnings | -30,000 | 11% |
| Retained Earnings / Result to Date(derived) | 178,096 | 66% |
Total Equity268,096
Total Liabilities + Equity317,296
Total Assets317,296
Balance Check✓ Balanced
Working Capital (Current Assets − Current Liabilities)212,096
Notes to the Financial Statements — Zakat
Cash and bank balances206,384
Trade receivables54,912
Inventory0
Other current assets0
Less: current liabilities-49,200
Zakat base212,096
Zakat @ 2.575%5,461
Zakat payable (carried)0
Zakat is computed at 2.575% of the Zakat base — current assets (cash, receivables, inventory and other current assets) less current liabilities, excluding the Zakat payable itself. The 2.575% rate is the ZATCA-mandated proration of the 2.5% Hijri rate for a 365-day Gregorian year. Fixed assets and long-term liabilities are not subject to Zakat. Only actually written-off bad debts are deductible, not general provisions. The provision is recorded as an expense (account 6800) with a matching credit to Zakat Payable (account 2400).