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)

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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