Bahri Annual Report-2011

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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