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)
Provision for zakat and tax Following is the movement in provision for zakat and tax during the year ended December 31:
2012
2011
Balance, beginning of the year
104,576
129,429
Amounts paid during the year
(22,858)
(51,272)
Income tax refund related to a subsidiary
761
922
Provisions for the year: Zakat
32,945
21,594
Tax: Withholding tax
3,354
3,904
Income tax (benefit) related to a subsidiary
---
(1)
Balance, end of the year
118,778 104,576
17. Segment Information
A) The following schedule illustrates the distribution of the Company’s and subsidiaries’ activities according to the operational segments as of December 31:
2012
General Cargo Transportation (Liner)
Crude Oil Transportation
Petrochemical Transportation
Bulk Transportation
Total
Operating revenues
1,474,477
440,873
510,106
39,172
2,464,628
Bunker cost
724,631
---
150,466
---
875,097
Other operating expenses: Vessel related expenses
216,129
165,566
42,939
30,918
455,552
Cargo related expenses
---
---
184,870
---
184,870
Voyage related expenses
87,960
---
54,127
---
142,087
Depreciation and amortization
278,472
132,390
12,273
---
423,135
Others
9,956
---
---
---
9,956
Total other operating expenses
592,517
297,956
294,209
30,918
1,215,600
Total operating expenses
1,317,148
297,956
444,675
30,918
2,090,697
Gross operating income before bunker subsidy
157,329
142,917
65,431
8,254
373,931
Bunker subsidy
157,468
2,164
40,940
---
200,572
Gross operating income
314,797 145,081 106,371
8,254 574,503
96
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