The National Shipping Company of Saudi Arabia
Annual Report 2008
39
CONSOLIDATED BALANCE SHEET As of December 31, 2008 (InThousands Saudi Riyals)
ASSETS
Current assets
Notes
2008
2007
Cash in hand and at banks
3
225.545
190.481
Investments in Murabaha and short-term deposits
4
882.847
686.392
Trade receivables and other debit balances, net
5
181.406
191.766
Prepaid expenses
65.123
48.846
Agents’ current accounts, receivables
17.815
14.167
Inventories
66.916
88.629
6
Investments held to maturity
77.149
-
6
Investments held for trading
12.413
-
6
Investments in available for sale
-
138.509
7
Accrued bunker subsidy, net
49.971
41.852
Total current assets
1.579.185
1.400.642
Notes
2008
2007
Non-current assets:
Investment in government development bonds
604
604
Investments available for sale
29.160
---
Investments in affiliates and other
8
239.756
233.595
Deferred charges, net
9
115.031
146.246
Fixed assets, net
10
5.658.910
4.634.435
Goodwill
8/A
119.177
119.177
Ships under construction and others
11
2.077.603
1.262.087
Total non-current assets
8.240.241
6.396.144
Total assets
9.819.426
7.796.786
The accompanying notes from (1) to (26) form an integral part of these consolidated financial statements
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