REPORT OF THE BOARD OF DIRECTORS
Statement of Assets and Liabilities for the Past Five Years (In Thousands Saudi Riyals)
Caption
2010
2009
2008
2007
2006
1,578,464 1,226,805
1,579,185 1,400,642
558,011
Current Assets
736,030
609,791
817,726
717,011
1,472,536
Current Liabilities
842,434
617,014
761,459
683,631
(914,525)
Operating Capital
1,977,930 2,381,013
2,581,331 1,761,709
1,788,351
Other Long Term Assets
6,409,885 6,730,766
5,658,910 4,634,435
3,650,744
Fixed Assets
9,966,279 10,338,584 9,819,426 7,796,786 5,997,106
Total Assets
736,030
609,791
817,726
717,011
1,472,536
Current Liabilities
3,818,540 4,516,180
3,709,941 2,229,291
1,336,078
Long Term Loans
33,326
34,974
37,888
37,002
34,612
Other Liabilities
4,587,896 5,160,945 4,565,555 2,983,304 2,843,226
Total Liabilities
3,150,000 3,150,000
3,150,000 3,150,000
2,250,000
Paid up Capital
1,939,691 1,837,520
1,940,796 1,509,793
754,619
Reserves & Retained Earnings
288,692
190,119
163,075
153,689
149,261
Minority Interests
5,378,383 5,177,639
5,253,871 4,813,482
3,153,880
Equities
9,966,279 10,338,584 9,819,426 7,796,786 5,997,106
Total Liabilities & Equities
Affiliates and Segments
NSCSA owns or participates in a group of companies both within and outside the Kingdom of Saudi Arabia, as shown in the table below:
Head Office Location
Geographical Scope of Activity
Date of Incorporation
Ownership (%) 2010
Company’s Name
Activity
NSCSA (America) Inc.
NSCSA ships agent
USA
Global
1991
100%
Mideast Ship Management Ltd. Technical Ship Management
Dubai
Global
1996
100%
National Chemical Carriers Ltd. Co.
Petrochemicals Transportation
Riyadh
Global
1990
80%
Bahri Dry Bulk
Dry bulk transportation
Riyadh
Global
2010
60%
LPG transportation and Trading Glass Manufacturing & Trading
Petredec Co. Ltd.
Bermuda Global
1980
30.3%
Arabian United Float Glass Company
Riyadh
Domestic
2006
10%
The National Shipping Company of Saudi Arabia Annual Report 2010
17
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