Bahri Annual Report-2011

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

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