Financial Statements Report 2011
Notes To The Consolidated Financial Statements For the year ended December 31, 2011 (In Thousands Saudi Riyals)
7. INVENTORIES
Inventories on board the ships at December 31 comprise the following:
2011
2010
Fuel
122,835
109,880
Lubricants
22,214
21,502
Other
-
1,984
145,049
133,366
8. ACCRUED BUNKER SUBSIDY, NET
Accrued bunker subsidy, net at December 31 comprise the following:
2011
2010
Accrued bunker subsidy
130,374
90,753
Provision for doubtful bunker subsidy
)42,595(
)24,858(
87,779
65,895
9. INVESTMENTS IN AFFILIATES AND OTHER
Summary of the movement in investments in affiliates and other for the year ended December 31 is as follows:
2011
2010
Balance, beginning of the year
455,796
418,519
Company’s share in affiliate’s net income
135,384
36,932
Company’s share in net income of a joint venture
4,339
3,856
Dividends received during the year
)34,087(
)3,511(
Balance, end of the year
561,432
455,796
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