Consolidated Statement of Cash Flows for the Year Ending in December 31, 2014 (in Thousands Saudi Riyals)
Notes
2014
2013
Cash flows from operating activities: Net income for the year
533,840
752,262
Adjustments to reconcile net income for the year to net cash flows from operating activities: Depreciation
540,673 46,965 15,249
13 11 12
423,523
Amortization of deferred dry-docking costs
46,012
Amortization of intangible assets
-
4,360
Provision for doubtful debt
5 , 21
8
(131,956)
Share in results of an associated company
10 22
(291,235)
(3,096) 28,504 37,436
Gains from sale of fixed assets
(75,496)
Non-controlling interests
36,863 49,858
Zakat and withholding tax, net
18
6,074
Employees’ end of service benefits, net
6,547
-
Unrealized gain from available for sale investments
(2,562) 945,780
1,078,049
Changes in operating assets and liabilities: Trade receivables, net
(59,951)
(329,178)
15,257
Bareboat lease receivable, net
10,143 49,560
(69,901) (23,214) (94,356) (73,527) 14,269 187,675 (33,445)
Prepayments and other receivables
Agents’ current accounts
(25,306)
Inventories
(101,066)
Accrued bunker subsidy, net
8,673
Incomplete voyages
16,919 78,637
Accounts payable and accruals Zakat and withholding tax paid Investments held for trading
18
(29,729) 26,384 (6,046) 644,771
- -
Other liabilities
19
Net cash from operating activities
940,856
continued,,,
103
The National Shipping Company of Saudi Arabia ( )
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