Financial Statements Report 2011
Notes To The Consolidated Financial Statements For the year ended December 31, 2011 (In Thousands Saudi Riyals)
23. CONSOLIDATION OF SUBSIDIARIES
financial position and results of operations of these subsidiaries as of and for the year ended December 31:
The consolidated financial statements include the financial statements of the Company and its subsidiaries, after eliminating all intercompany balances. Following is a summary of the
2010
Gross operating income
Net (loss) profit
Total assets
Total liabilities
National Chemical Carriers Ltd. Co.
3,647,375 (2,568,479)
151,754
135,435
Mideast Ship Management Ltd.
59,904
(58,120)
40,665
1,608
NSCSA (America) Inc.
10,972
(3,490)
16,864
238
Al-Bahri Company for Bulk Transportation
199,124
(5,288)
-
(6,164)
2010
Gross operating income
Net (loss) profit
Total assets
Total liabilities
National Chemical Carriers Ltd. Co.
2,961,285 (1,917,823)
112,889
92,868
Mideast Ship Management Ltd.
56,615
(40,298)
34,658
268
NSCSA (America) Inc.
12,969
(5,725)
16,955
(1,556)
Al-Bahri Company for Bulk Transportation
200,000
-
-
-
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