Consolidated Financial Statements
Consolidated Balance Sheet As of December 31, 2009
ASSETS
Current assets
Notes
2009
2008
Cash in hand and at banks
3
78,545 707,112 182,431 67,183
225,545 882,847 181,406 65,123 17,815 66,916 77,149 12,413 49,971 -
Investments in Murabaha and short-term deposits Trade receivables and other debit balances, net
3/4
5
Prepaid expenses
Bareboat lease receivable, net
6
5,925
Agents’ current accounts, receivables
14,626 116,801
Inventories
Investment held to maturity Investments held for trading Accrued bunker subsidy, net
-
16,317 31,252
7
Incomplete voyages Total current assets Non-current assets:
6,613
-
1,226,805
1,579,185
Investment in government bonds Bareboat lease receivable, net Investments held to maturity (Sukuk) Investments available for sale Investments in affiliates and other
604
604
6
418,974 30,000 29,739 299,342 51,479
- -
29,160 239,756 115,031
8 9
Deferred charges, net
Fixed assets, net
10
6,730,766
5,631,376
Goodwill
8/A
119,177
119,177
Ships under construction and other
11
1,431,698 9,111,779 10,338,584
2,105,137 8,240,241 9,819,426
Total non-current assets
Total assets
In Thousands Saudi Riyals
The accompanying notes from (1) to (27) form an integral part of these consolidated financial statements
Annual Report 2009 The National Shipping Company of Saudi Arabia
41
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