The aggregate maturities of the outstanding financing as at December 31, are as follows: Description 2014
2013
Within one year
558,304
564,292
From 1 year to 5 years
2,457,255
2,460,315
More than 5 years
1,695,633
1,916,274
4,711,192
4,940,881
17- Earnings per share and dividends Earnings per share is calculated based on the weighted average number of shares outstanding during the two years ended December 31, 2014 and 2013 amounting 338.41 million shares and 315 million shares respectively (note 26). The General Assembly approved in its meeting held on 31 March 2014, a distribution of cash dividends of 10% of the share capital amounting to SR 315 million, representing SR (1) per share for the year 2013. The balance of unclaimed dividends as 31 December 2014 amounted to SR 33.88 million (2013: SR 32.09 million). The board of directors recommended in its meeting held on 19 Safar 1436H (corresponding to 11 December 2014) to distribute cash dividends of SR 393.75 million to the shareholders, representing 10% of the company’s share capital of SR (1) per share for the year 2014. This is subjects to the shareholders approvals during the next meeting of the company’s General Assembly. 18- Zakat and withholding tax The main components of the zakat base of the Group under zakat and income tax regulations are principally comprised of shareholders’ equity, provisions at the beginning of year, long-term borrowings and adjusted net income, less net book value of fixed assets, investments and certain other items. The zakat expense is charged to the consolidated financial statements. Provision of Zakat and withholding tax Following is the movement in provision for zakat and withholding tax during the year ended December 31: Description 2014 2013 Provision for zakat and withholding tax at the beginning of the year 138,907 118,778 Provision for zakat for the year 33,440 43,593 Provision for withholding tax for the year 3,996 6,265 Payments during the year (33,445) (29,729) Provision for zakat and withholding tax at year end 142,898 138,907 The Company and its subsidiaries filed their zakat returns for each company separately.
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The National Shipping Company of Saudi Arabia ( )
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