92
93
Annual Report 2018
Bahri Five Year Financial Results 2014-2018
Bahri Five Year Financial Results 2014-2018
operating segments for the year ended 31st December, 2018 Oil Transportation Chemical Transportation Logistics Dry Bulk Transportation
Head Office and Others
Item
2018
2017
2016
2015
2014
Total
6,129,910 6,045,835 6,788,484 7,502,120 3,626,412
Revenue
3,692,550 (3,146,670)
872,174 (752,004) 15,011 135,181
1,158,022 (926,594)
387,389 (349,568)
19,775 (8,442)
6,129,910 (5,183,278)
Revenue
(5,183,278)
(4,911,018)
(5,030,411)
(5,485,511)
(3,170,122)
Operating costs
Operating cost Bunker subsidy
946,632 293,602
1,134,817 1,758,073 2,016,609
456,290 217,936 674,226 (98,875) 24,429 (37,436) 533,840
Gross profit before bunker subsidy
267,738 813,618
10,853 242,281 (22,009) (19,156) 201,116
293,602
185,864
134,258
179,910
Bunker subsidy
37,821 (14,767) (10,129) 12,925
11,333
1,240,234 (162,767) (496,924) 580,543
Gross profit
1,240,234 1,320,681 1,892,331 2,196,519
Gross profit
General and administrative expenses Other income (expenses), net
(2,086)
(3,674)
(120,231) (158,004) (266,902)
(162,767) (496,924) (92,186) 481,238
(171,274) (242,136) (100,760) 800,313
(111,062) (75,070)
(216,489)
General and Administrative expenses
(238,703)
(70,932) 60,575
63,130
Other income (expenses), net
43,527
(181,354)
Zakat and taxes, net
Income before zakat & taxes 572,829
Net income for the year attributable to: Equity holders of the parent company Non-Controlling Interest Equity
99%
10%
35%
2%
-46%
100%
Ration to Total
1,717,871 1,817,583
7,119
6,198
31,855
44,223
28,504
1.22
2.03
4.36
4.62
1.58
Earnings Per Share (EPS)
Operating business units for the year ended 31st December, 2018
Bahri is organized into business units based on their operations and has the following reportable segments: A reporting business unit is a component of Bahri Group that engaged in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of Bahri’s other components. All business units’ operating results are reviewed regularly by Bahri’s key decision makers to asses their performance and allocated resources, and for which discrete financial information is available.
Bahri Oil
Bahri Chemicals
Bahri Logistics
Bahri Dry Bulk
Head office and Others
Bahri’s management reviews the above business units for quantitative thresholds as well as criteria for presenting the revenues and expenses
for the business unit at the end of every reporting year. Intersegments revenues are recorded
either at values that approximate third-parties selling prices or at prices mutually agreed by the management of the business units.
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