The National Shipping Company of Saudi Arabia (A Saudi Joint Stock Company) Notes to the Consolidated Financial Statements As of December 31, 2012 (in Thousands of Saudi Riyals)
3. Cash and Cash Equivalents Cash and cash equivalents as of December 31, 2012 represent cash in hand and at banks and Murabaha and short-term deposits, including amounts subject to bank restrictions for letters of guarantee issued for the Jeddah Islamic Port (2012: SR nil and 2011: SR 0.03 million). It also includes SR 76.73 million as of December 31, 2012 (2011: SR 33.3 million) restricted for repayment of loan installments falling due within 180 days from the balance sheet date. It also includes restricted cash of SR 0.57 million as of December 31, 2012 (2011: SR 0.57 million) in respect of Mideast Ship Management Ltd., and SR 0.54 million as of December 31, 2012 (2011: SR 0.54 million) in respect of The National Shipping Company of Saudi Arabia (America) Inc. For the purpose of preparing the statement of cash flows, cash and cash equivalents as of December 31 comprises the following:
2012
2011
Cash in hand and at banks
99,605
144,798
Amounts restricted by banks
(10,657)
(16,563)
88,948
128,235
Investment in Murabaha and short-term deposits
292,656
274,469
Amounts restricted by banks
(67,184)
(17,884)
225,472
256,585
Cash and cash equivalents balance at the end of the year
314,420 384,820
4. Investments in Murabaha and Short-Term Deposits
2012
2011
Investments in Murabaha and short-term deposits in Saudi Riyals
86,930
200,031
Investments in Murabaha and short-term deposits in USD
203,684
34,691
Investments in Murabaha and short-term deposits in AED
2,042
39,747
Total
292,656 274,469
86
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