105
104
Consolidated Financial Statement
Consolidated Financial Statement
Bahri Annual Report
Bahri Annual Report
Consolidated Statements of Cash Flow For the Year Ended 31 December 2016 (In Thousands Saudi Riyals)
Consolidated Statements of Cash Flow For the Year Ended 31 December 2016 (In Thousands Saudi Riyals) - continuation
Note
2016
Note
2016
2015
2015
Cash flows from operating activities:
Cash flows from investing activities:
)20,285(
)20,271(
1,759,140
1,817,583
Net income for the year
Murabaha and short-term deposits
Adjustments to reconcile net income for the year to net cash flows from operating activities:
)40(
544
Investments held to maturity
51,137
10
62,500
791,055
Depreciation
Dividends received from an associated company
713,072
13
)1,601,104(
13
)522,119(
82,182
Amortization of deferred dry-docking costs
Additions to fixed assets
53,370
11
47,913
13
6,450
Amortization of intangible assets
Proceeds from sale of fixed assets
52,732
54,037
12
)327,834(
14
)1,098,412(
(Reversal of) provision for doubtful account
Ships under construction and others, net
)23,877(
31,027
5,21
)197,062(
11
)57,790(
Share in results of an associated company
Deferred dry-docking costs
)147,044(
)184,683(
10
)2,047,275(
)1,629,098(
Net cash used in investing activities
Loss (gain) on sale of fixed assets
32,942
)5,107(
22
Cash flows from financing activities:
Non-controlling interests in consolidated subsidiaries’ net income
38,899
44,223
-
)3,459,313(
Provision for zakat and tax
Repayment of short-term Murabaha financing
)43,527(
181,354
18
2,146,128
3,900,000
Employees’ end of service benefits, net
Proceeds from Murabaha and long-term financing
574
940
)452,403(
)558,329(
Repayment of Murabaha and long-term financing
2,543,076
2,705,816
)982,039(
17
)344,784(
Dividends paid
Changes in operating assets and liabilities:
)1,800(
)2,000(
Board of directors rewards
)58,496(
)370,379(
Trade receivables, net
709,886
)464,426(
Net cash from (used in) financing activities
27,902
21,140
Bareboat lease receivable, net
819,846
829,523
Net change in cash and cash equivalents during the year
)148,255(
651
Prepayments and other receivables
1,142,831
313,308
Cash and cash equivalents at the beginning of the year
)20,387(
28,747
Agents’ current accounts
1,962,677
3
1,142,831
Cash and cash equivalents at the end of the year
)37,065(
123,880
Inventories
Major non-cash transactions:
72,304
46,995
Accrued bunker subsidy, net
13 , 14
192,170
10,550
Ships under construction and others transferred to fixed assets
23,656
)16,182(
Incomplete voyages
The accompanying notes from (1) to (28) from an integral part of these consolidated financial statement
)181,065(
409,820
Accounts payable and accruals
)30,704(
Other liabilities
-
18
)33,731(
Zakat and withholding tax paid
)27,441(
Net cash flows from operating activities
2,157,235
2,923,047
The accompanying notes from (1) to (28) from an integral part of these consolidated financial statement
Powered by FlippingBook