Consolidated Financial Statements
21. General and adminstrative expenses General and administrative expenses for the year ended December 31 comprises the following:
2010
2009
Employees’ costs
80,180 17,604
73,525 15,651
Other general and administrative expenses
Depreciation
1,884
1,948
Boards of Directors expenses for the Company and its subsidiaries
4,133 3,896 103,801 95,020
22. Other income (expenses), NET Other income (expense), net for the year ended December 31 comprises the following:
2010 5,784 3,267
2009
Income from Murabaha and short-term deposits
10,552
Income (losses) from investments, net
6,912
Bank commissions
(173)
22
Gains on sale of fixed assets
152
30,489
Recovery on cancelled contracts for ships under construction (Note 12)
---
15,122
Reversal of excess zakat and withholding tax provision
---
12,050
(181) 1,654
997
Foreign currency exchange differences
Other
1,976 25,625 62,998
The National Shipping Company of Saudi Arabia Annual Report 2010
75
Powered by FlippingBook