Consolidated Balance Sheet As of December 31, 2010 (In Thousands Saudi Riyals)
Notes
2010
2009
Assets Current assets: Cash in hand and at banks
3
108,713
78,545
Investments in Murabaha and short-term deposits
3 / 4
1,014,559
707,112
Trade receivables and other debit balances, net
5
175,243
203,961
Prepaid expenses
40,099
43,994
Bareboat lease receivable, net
6
6,615
5,925
Agents’ current accounts, receivables
15,147
14,626
Inventories
7
133,366
116,801
Investments held for trading
18,827
16,317
Accrued bunker subsidy, net
8
65,895
31,252
Incomplete voyages
---
6,613
Total current assets
1,578,464
1,225,146
Non-current assets: Investment in government bonds
604
604
Bareboat lease receivable, net
6
412,359
418,974
Investments held to maturity (Sukuk)
30,000
30,000
Investments available for sale
29,577
29,739
Investments in affiliates and other
9
455,796
418,519
Deferred dry-docking cost, net
10
40,383
51,388
Fixed assets, net
11
6,407,630
6,730,766
Ships under construction and other
12
1,011,466
1,431,698
Total non-current assets
8,387,815 9,966,279
9,111,688
Total assets
10,336,834
The accompanying notes from (1) to (26) form an integral part of these consolidated financial statements
The National Shipping Company of Saudi Arabia Annual Report 2010
48
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