103
102
Consolidated Financial Statement
Bahri Annual Report
Consolidated Financial Statement
Bahri Annual Report
Consolidated Statements of Balance Sheet As at 31 December 2016 (In Thousands Saudi Riyals) - continuation
Consolidated Statements of Income For the Year Ended 31 December, 2016 (In Thousands Saudi Riyals)
2016
2015
Note
2016
2015
Note
LIABILITIES AND EQUITY
6,788,789
7,464,018
24
Operating revenues
Current liabilities:
)805,699(
Bunker cost
)1,081,099(
24
Accounts payable and accruals
747,261
)4,177,603(
Other operating expenses
928,326
)4,366,310(
15
24
Murabaha and long-term financing -current portion
Gross operating income before bunker subsidy
1,001,146
1,805,487
547,016
2,016,609
16
Dividends payable
Bunker subsidy
37,431
134,258
35,095
179,910
17
24
Provision for zakat and tax
Gross operating income
219,553
1,939,745
296,811
2,196,519
18
Incomplete voyages
General and administrative expenses
17,287
)112,649(
-
)216,489(
21
Other liabilities
Operating income
-
1,827,096
30,704
1,980,030
19
Total current liabilities
Share in results of an associated company
2,022,678
147,044
1,837,952
184,683
10
16 ، 26
Non-current liabilities:
Finance charges
)237,076(
)132,230(
Murabaha, Sukuk and long-term financing
Other income, net
8,745,442
17,448
7,505,847
10,677
16
22
Employees’ end of service benefits
Income before zakat, tax and non-controlling interests
54,348
1,754,512
53,774
2,043,160
Total non-current liabilities
Zakat and withholding tax, net
8,799,790
43,527
7,559,621
)181,354(
18
Total liabilities
Income before non-controlling interests
10,822,468
1,798,039
9,397,573
1,861,806
Equity:
Non-controlling interests in consolidated subsidiaries’ net income
)38,899(
)44,223(
Shareholders’ equity
Net income for the year
1,759,140
1,817,583
Share capital
Earnings Per Share (in SR):
3,937,500
3,937,500
1
Statutory reserve
Attributable to operating income
2,373,804
4.64
2,197,890
5.03
17
Retained earnings
Attributable to net income for the year
3,746,319
4.47
3,149,268
4.62
17
17
Total shareholders’ equity
The accompanying notes from (1) to (28) from an integral part of these consolidated financial statement
10,057,623
9,284,658
Non-controlling interests
453,319
414,420
Total equity
10,510,942
9,699,078
Total liabilities and equity
21,333,410
19,096,651
The accompanying notes from (1) to (28) from an integral part of these consolidated financial statement
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