20- Related party transactions During the ordinary course of business, the Group transacts with related parties. The details of such transactions during the year are as follows: Description 2014
2013
1,485,744
Operating Revenues
1,143,369
15,857
Refunded compensations of cost and expenses
15,911
Balances of such transactions as at December 31 are as follows: Amounts due from related parties shown under trade receivables are as follows: 2014
2013
194,831
ARAMCO (shareholder)
275,269
International Shipping and Transportation Company (affiliate)
16,204
33,278
21- General and administrative expenses General and administrative expenses for the year ended December 31 comprises the following: Description 2014
2013
65,856
Employees’ salaries and benefits
57,913
10,415
Professional, legal, and consultation fees
7,528
6,006
Depreciation
3,588
4,360
Provision for Doubtful Debts (Note 5)
8
12,238
Others
10,086
98,875
79,123
123
The National Shipping Company of Saudi Arabia ( )
Powered by FlippingBook