Annual Report 2017
176
177
Notes to the Consolidated Financial Statements (continued) December 31, 2017 (In Thousands Saudi Riyal)
11 Consolidated Financial Statements
6.PROPERTY AND EQUIPMENT
Notes to the Consolidated Financial Statements (continued) December 31, 2017 (In Thousands Saudi Riyal)
2017
5. OPERATING SEGMENTS (continued)
Furniture and fixtures
Tools and office equipment
Containers yard equipment
Building and improvements
Fleet and equipment*
Containers and trailers
Motor vehicles
Computer equipment
Total
Dry bulk transporta- tion
Cost At January 1, 2017 Additions/ transfers
Oil trans- portation
Head office and Others
2017
Chemical
Logistic
Total
54,512 19,404,770
29,471 11,968
4,176 4,454 63,699 14,435 19,587,485
Property and equipment
9,847,834 2,975,050 1,343,650
533,440
46,562 14,746,536
796 1,875,697 5,364
413
238
-
5,995
- 1,888,503
Total assets
12,423,200 3,548,304 2,327,355
688,573 2,195,151 21,182,583
Disposals
-
- (14,596)
(8)
(256) (3,322)
(111)
-
(18,293)
Total liabilities
6,849,952 2,116,263
947,529
359,611
991,197 11,264,552
At December 31, 2017
55,308 21,280,467 20,239 12,373
4,158 1,132 69,583 14,435 21,457,695
Dry bulk transporta- tion
Oil trans- portation
Head office and Others
2016
Chemical
Logistic
Total
Accumulated depreciation At January 1, 2017
Property and equipment
15,481 5,800,240
29,219 7,743
3,691 1,722 56,638 10,855 5,925,589
8,511,362
3,138,716
1,422,611
559,202
30,005 13,661,896
Total assets
11,570,776
3,741,470
1,971,912
704,739
2,848,358 20,837,255
Charge for the year
4,742
791,790
302
522
394
104
2,036
1,677
801,567
Total liabilities
5,948,036
2,324,146
1,095,470
387,928
994,578 10,750,158
Disposals
-
- (14,596)
-
(256) (1,034)
(111)
-
(15,997)
At December 31, 2017
Dry bulk transporta- tion
20,223 6,592,030
14,925 8,265
3,829
792 58,563 12,532 6,711,159
Oil trans- portation
Head office and Others
January 1, 2016
Chemical
Logistic
Total
Net book value: As at December 31, 2017
Property and equipment
7,808,188
2,740,528
1,478,975
592,789
22,189 12,642,669
35,085 14,688,437 5,314 4,108
329
340 11,020
1,903 14,746,536
Total assets
10,936,177
3,158,966
1,863,650
700,369
2,043,002 18,702,164
Total liabilities
4,979,168
1,858,006
1,138,964
407,949
998,898
9,382,985
*Certain vessels and tankers of the Group under fleet and equipment with a carrying value of SR 9.3 billion as at December 31, 2017, are pledged against the long term loans (note 18).
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