Bahri Annual Report-2012

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)

5. Trade Receivables and Other Debit Balances, Net

2012

2011

Trade receivables

322,584

243,185

Insurance claims

15,223

35,053

Employee receivables

12,412

10,469

Other debit balances

13,768

12,375

363,987

301,082

Provision for doubtful debts

(13,177)

(12,586)

Total

350,810 288,496

Movement in provision for doubtful debts is as follows:

2012

2011

Balance at the beginning of the year

12,586

19,418

Additions

7,600

5,290

Write-offs

(7,009)

(12,122)

Balance at the end of the year

13,177

12,586

87

Powered by