The National Shipping Company of Saudi Arabia (A Saudi Joint Stock Company) Consolidated Balance Sheet As of December 31, 2012 (in Thousands of Saudi Riyals)
Notes
2012
2011
LIABILITIES AND EQUITY Current liabilities:
Accounts payable and other credit balances
13
231,364
288,907
Current portion of Murabaha financing and long-term finance
14
466,085
456,045
Short term finance
160,000
64,000
Unclaimed dividends
15
30,941
30,720
Provision for zakat and tax
16
118,778
104,576
Total current liabilities
1,007,168
944,248
Non-current liabilities:
14
4,253,733
4,294,968
Murabaha financing and long-term finance
40,213
28,058
Employees' end of service benefits provision
36,750
-
Other liabilities
4,330,696
4,323,026
Total non-current liabilities
5,337,864
5,267,274
Total liabilities Equity: Shareholders’ equity
Paid-up share capital
3,150,000
3,150,000
Statutory reserve
2/t
922,834
872,435
Retained earnings
1,020,748
882,154
Proposed dividends
15
315,000
157,500
Unrealized gain from available for sale investments
2,332
534
Total shareholders’ equity
5,410,914
5,062,623
Non-controlling interests
314,831
293,314
Total equity
5,725,745
5,355,937
Total liabilities and equity
11,063,609 10,623,211
The accompanying notes from (1) to (25) form an integral part of these consolidated financial statements
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