Bahri Annual Report-2010

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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