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)
19. General and Administrative Expenses
General and administrative expenses for the year ended December 31 comprised the following:
2012
2011
Employees’ costs
99,738
86,845
Other general and administrative expenses
10,193
12,669
Depreciation
6,113
5,774
Boards of Directors expenses for the Company and its subsidiaries
4,673
4,372
Total
120,717 109,660
20. Other Income (Expenses), Net
Other income (expense), net for the year ended December 31 comprised the following:
2012
2011
Income from Murabaha and short-term deposits
590
4,336
Income from investments, net
6,747
2,035
Bank commissions
(475)
(152)
Gains on sale of fixed assets
12,507
99
Foreign currency exchange differences
(1,351)
(1,469)
Excess recovery from insurance claims
-
7,535
Case won by the Company
-
6,183
Others
2,117
1,986
Total
20,135
20,553
99
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