Financial Statements Report 2011
Consolidated Balance Sheet As of December 31, 2011 (In Thousands Saudi Riyals)
ASSETS
Notes
2011
2010
Current assets:
Cash in hand and at banks
3
144,798
108,713
Investments in Murabaha and short-term deposits
3/4
274,469
1,014,559
Trade receivables and other debit balances, net
5
288,496
175,243
Prepaid expenses
40,457
40,099
Bareboat lease receivable, net
6
7,538
6,615
Agents’ current accounts
21,278
15,147
Inventories
7
145,049
133,366
Investments held for trading
20,312
18,827
Accrued bunker subsidy, net
8
87,779
65,895
Incomplete voyages
12,104
---
Total current assets
1,042,280
1,578,464
Non-current assets:
Investment in government bonds
587
604
Bareboat lease receivable, net
6
404,822
412,359
Investments held to maturity (Sukuk)
30,000
30,000
Investments available for sale
26,903
29,577
Investments in affiliates and other
9
561,432
455,796
Deferred dry-docking cost, net
10
67,203
40,383
Fixed assets, net
11
7,252,854
6,407,630
Ships under construction and other
12
1,237,130
1,011,466
Total non-current assets
9,580,931
8,387,815
Total assets
10,623,211 9,966,279
Continue
Powered by FlippingBook