Bahri Annual Report-2009

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

Powered by