The National Shipping Company of Saudi Arabia
54/55
Consolidated Statement of Changes in Shareholders’ Equity For the year ended December 31, 2011 (In Thousands of Saudi Riyals)
Unrealized gain from available for sale investments
Paid-up capital
Statutory reserve
Retained earnings
Hedging reserve
Total
Balance at December 31, 2009
3,150,000 802,170 1,037,273 (3,530)
1,607 4,987,520
Net profit for the year
---
---
414,878
---
---
414,878
Statutory reserve
---
41,488
(41,488)
---
---
---
Hedging reserve for finance commission
---
---
---
1,796
---
1,796
Dividends
---
---
(315,000)
---
---
(315,000)
Unrealized gain from available for sale investments
---
---
---
---
497
497
Balance at December 31, 2010
3,150,000 843,658 1,095,663 (1,734)
2,104 5,089,691
Net profit for the year
---
---
287,768
---
---
287,768
Statutory reserve
---
28,777
(28,777)
---
---
---
Hedging reserve for finance commission
---
---
---
1,734
---
1,734
Dividends
---
---
(315,000)
---
---
(315,000)
Unrealized loss from available for sale investments
---
---
---
---
(1,570)
(1,570)
Balance at December 31, 2011
3,150,000 872,435 1,039,654
---
534
5,062,623
The accompanying notes from (1) to (26) form an integral part of these consolidated financial statements
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