Bahri Annual Report-2011

The National Shipping Company of Saudi Arabia

72/73

2010

General Cargo Transportation (Liner)

Crude Oil Transportation

Petrochemical Transportation

Bulk Transportation

Total

Operating revenues

1,445,532

266,744

337,554

-

2,049,830

Bunker cost

513,193

-

112,499

-

625,692

Other operating expenses

Vessel related expenses

212,933

86,692

49,903

-

349,528

Cargo related expenses

-

-

134,995

-

134,995

Voyage related expenses

67,912

-

57,173

-

125,085

Depreciation and amortization

266,679

65,036

23,099

-

354,814

Others

9,704

2,127

-

-

11,831

Total other operating expenses

557,228

153,855

265,170

-

976,253

Total operating expenses

1,070,421

153,855

377,669

-

1,601,945

Gross operating income (loss) before bunker subsidy

375,111

112,889

(40,115)

-

447,885

Bunker subsidy

79,510

-

29,988

-

109,498

Gross operating income (loss)

454,621

112,889

(10,127)

-

557,383

b- The following schedule illustrates the distribution of the Company’s and subsidiaries’ assets and liabilities according to the operational segments as of December 31:

2011

General Cargo Transportation (Liner)

Crude Oil Transportation

Petrochemical Transportation

Bulk Transportation

Shared Assets and Liabilities *

Total

5,415,286

3,647,375

542,316

199,124

819,110

Assets

10,623,211

2,337,777

2,568,479

213,692

5,288

142,038

Liabilities

5,267,274

2010

General Cargo Transportation (Liner)

Crude Oil Transportation

Petrochemical Transportation

Bulk Transportation

Shared Assets and Liabilities *

Total

5,519,163

2,961,285

207,488

200,000

1,078,343

9,966,279

Assets

2,460,319

1,917,823

61,724

-

148,030

4,587,896

Liabilities

* Shared assets and liabilities represent amounts which cannot be determined for a specific segment such as cash, investments in Murabaha, deposits and government bonds, unclaimed dividends, etc.

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