Consolidated Financial Statements
48
Notes To The Consolidated Financial Statements For the year ended December 31, 2008 (InThousands Saudi Riyals)
3. Cash and Cash Equivelents
Cash and cash equivalents as of December 31, 2008 represents cash in hand and at banks, Murabaha and short-term deposits, out of which SR 5.84 million (2007: SR 5.71 million) that are subject to bank restrictions for letter of guarantees issued for the Department of Zakat and Income Tax (DZIT) and other parties, and SR 42.36 million (2007: SR 18.84 million) restricted for repayment of current portion of loans maturing within 180 days from the balance sheet date.
It also includes restricted bank balances in Mideast Ship management co. amounted to SR 0.48 Million (2007: SR 0.48 Million), and in National Shipping company of Saudi Arabia (America) amounted to SR 0.54 Million (2007 : SR 0.54 Million. For the purpose of preparing the cash flow statement, cash and cash equivalents at December 31 comprises the following:
2008
2007
225.545 )17.905( 207.640 882.847 )31.326( 851.521 1.059.161
190.481 )21.063( 169.418 686.392 )4.513( 681.879 851.297
Cash in hand and at banks Amounts restricted by banks
Investment in Murabaha & short-term deposits Amounts restricted by banks
4. Investments in Murabaha and short-term deposits
Investments inMurabaha and short-termdeposits at December 31 comprise the following:
2008
2007
437.020 441.740 4.087 882.847
627.026 58.340 1.026 686.392
Investments in Murabaha & short-term deposits in SR Investments in Murabaha & short-term deposits in USD Investments in Murabaha & short-term deposits in EURO
5.Trade Receivable and other Debit Balances, net
Trade receivable and other debit balances, net at December 31 comprise the following:
2008
2007
98.622 25.978 78.708 203.308 )21.902( 181.406
142.635 19.709 39.617 201.961 )10.195( 191.766
Trade receivable Insurance claims Other debit balances
Provision for doubtful debts
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