Bahri Annual Report-2008

The National Shipping Company of Saudi Arabia

Annual Report 2008

41

Consolidated Statement of Income For the year ended December 31, 2008 (InThousands Saudi Riyals)

2008

2007

Notes

17 17/18

2.594.530 (1.633.882) 960.648 (105.718) 854.930 (3.840) (4.292) (105.833)

1.703.294 (1.251.958)

Operating revenues Operating expenses Gross operating income General and administrative expenses Operating income Company’s share in (loss) profit of affiliates, net Other (expense) income, net Financing charges Profit before bunker subsidy, zakat, tax, and minority interest Bunker subsidy Profit before zakat, tax, and minority interest Zakat provision Tax provision Profit before minority interest Minority interest in consolidated subsidiaries’ net profit Net profit for the year Earnings per share from operating income (SR) Earnings per share from net profit for the year (SR)

451.336 (87.301) 364.035 81.210 71.648 (128.110) 388.783 56.640 445.423 (12.224) (6.195) 427.004 (4.428) 422.576 1.28 1.48

19

8 20 13

740.965 72.859 813.824 (40.211) (14.260) 759.353 (9.385) 749.968 2.71 2.38

14 14

21 21

Consolidated Statement of Changes in Shareholders Equity For the year ended December 31, 2008 (InThousands Saudi Riyals)

Unrealised gains

(losses) from investments in securities

Retained earnings

2.250.000 900.000 Paid-up Capital

Share premium

Statutory reserve

Hedging reserve

Particulars

Total

123.569 - - - 42.258 - - 165.827 - 74.997

3.004.619 900.000 524.416 422.576 - )225.000( 33.182 4.659.793 749.968 -

- - 524.416

662.114 - -

- - - - - - - - - -

)31.064( - - - - -

Balance at December 31, 2006 Increase in paid-up capital Share premium Net profit for the year Statutory reserve Dividends Unrealised gains from investments available-for-sale Balance at December 31, 2007 Net profit for the year Statutory reserve Hedging reserve for loans commission Dividends Unrealised gains from investments in financial instruments Balance at December 31, 2008

- - - -

- - -

422.576 )42.258( )225.000(

33.182 2.118

- 3.150.000

- 524.416

- 817.432 749.968 )74.997(

- -

- -

- -

- -

)5.024( -

- -

)5.024( )315.000(

- -

- -

- )315.000(

-

-

1.059

1.059

-

-

-

3.150.000

524.416

240.824

1.177.403

)5.024(

3.177

5.090.796

The accompanying notes from (1) to (26) form an integral part of these consolidated financial statements

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