Consolidated Financial Statements
Cash flows from financing activities:
Short-term Murabaha finance
(71,250)
71,250
Murabaha financing and long-term loans
1,720,746 1,637,295 (219,583) (809,625) (310,007) (466,741) 1,262,406 289,679
Repayments against Murabaha financing and long-term loans
Dividends paid
Net cash provided by financing activities
Net change in cash and cash equivalents during the year Cash and cash equivalents at beginning of the year
(297,543)
207,864
851,297 1,059,161 1,059,161 761,618
Cash and cash equivalents at end of the year
3
Non-cash items:
Ships under construction transferred to fixed assets Bareboat lease receivable against sale of fixed assets Unrealized loss (gain) from available for sale investments
1,235,076 1,859,413 10/11
قائمة التدفقات النقدية الموحدة
429,725
---
1,570
(1,059)
In Thousands Saudi Riyals
Consolidated Statement of Changes in Shareholders’ Equity For the year ended December 31, 2009 The accompanying notes from (1) to (27) form an integral part of these consolidated financial statements
Unrealized gains (losses) from available for sale investments
Paid-up capital
Share premium
Statutory reserve
Retained earnings
Hedging reserve
Total
Balance at December 31, 2007 Net profit for the year
3,150,000
524,416
165,827
817,432
---
2,118
4,659,793
--- ---
---
749,968 (74,997)
--- ---
--- ---
749,968
Statutory reserve
---
74,997
---
Hedging reserve for loans commission
---
---
---
---
(5,024)
---
(5,024)
Dividends
---
---
---
(315,000)
---
---
(315,000)
Unrealized gains from available for sale investments
---
---
---
---
---
1,059
1,059
Balance at December 31, 2008 Net profit for the year
3,150,000
524,416
240,824
1,177,403
(5,024)
3,177
5,090,796
--- ---
--- ---
---
369,300 (36,930)
--- ---
--- ---
369,300
Statutory reserve
36,930
---
Transfer of share premium to statutory reserve (Note 15)
---
(524,416)
524,416
---
---
---
---
Hedging reserve for loans commission
---
---
---
---
1,494
---
1,494
Dividends
---
---
---
(472,500)
---
---
(472,500)
Unrealized loss from available for sale investments
---
---
---
---
---
(1,570)
(1,570)
Balance at December 31, 2009
3,150,000
---
802,170
1,037,273
(3,530)
1,607
4,987,520
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
45
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