90
91
Annual Report 2018
Consolidated Income Statement 2014-2018 The below graph shows stability in revenue and operating income due to the continued decline in global transportation rates in 2018 driven by a struggling global economy in addition to the declining volume of crude oil imports and exports, further compounded by a surplus in shipping capacity. Operating income, furthermore, was negatively affected by increased fuel costs. An increase in Bahri’s fleet’s size and its growth in
Total Assets 2014-2018 The graph below shows that Bahri has achieved stability in total assets
in 2018 due to its increase and expansion of investments and fleet.
the logistics sector, however, mitigated the effects of declining transportation and shipping rates on the Company’s performance and financial results.
25,000,000
8,000,000
20,000,000
15,000,000
6,000,000
10,000,000
4,000,000
5.000,000
2,000,000
0.00
2014
2015
2016
2017
2018
0.00
2014
2015
2016
2017
2018
Total Current Assets
Total Non-Current Assets
Total Assets
Operating Revenues
Gross profit
Net income for the year
2014 – 2018 Total Assets
2014 – 2018 Consolidated Income Statement
(SAR “000”)
2018
2017
2016
2015
2014
(SAR “000”)
2018
2017
2016
2015
2014
3,320,796 3,561,802 3,812,768 2,840,531 1,838,528 17,876,848 17,620,781 17,024,487 16,256,120 15,305,883 21,197,644 21,182,583 20,837,255 19,096,651 17,144,411
Total Current Assets
6,129,910 6,045,835 6,788,484 7,502,120 3,626,412
Operating Revenues
Total Non-Current Assets
1,088,185 1,133,553 1,779,761 1,980,030
575,351 533,840
Operating profit
Total Assets
Net income for the year attributable to: Equity holders of the parent company
481,238
800,313
1,717,871 1,817,583
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