Bahri Annual Report-2013

Revenue of the Company’s Core Sectors in Fiscal Year 2013 (SAR 000)

Contribution of Sector’s Operating Income to Total Operating Income

Other Operating Expenses

Total Operating Expenses

Total Operating Income

Operating Revenue

Bunker Cost

Bunker Subsidy

Sector

Oil Transportation Sector

1,506,756 (701,566)

(641,399) (1,342,965) 143,943 307,734

51%

Chemical Transportation Sector *

663,874 (109,529)

(412,893)

(522,422)

6,497 147,949

25%

General Cargo Transportation Sector

562,162 (132,311)

(350,278)

(482,589) 20,668 100,241

17%

Dry Bulk Transportation Sector **

113,906

-

(73,387)

(73,287)

-

40,519

7%

2,846,698 (943,406) (1,477,957) (2,421,363) 171,108 596,443

100%

Total

* Some tankers in this Sector are chartered under fixed-term agreements; thus, the charterer is responsible for the bunker cost, while the other tankers operate under a pool that allocates net results after deducting expenses from shareholders. ** The vessels in this Sector are chartered, and re-chartered to ARASCO. ARASCO is responsible for the bunker fuel cost. In addition, profit was generated from the operation of the first owned specialized vessel to transport dry bulk cargo, which was delivered on 29 November, 2013.

Operating Revenue

Total Operating Expenses

4 %

3 %

Dry Bulk Cargo Transportation

Dry Bulk Cargo Transportation

General Cargo Transportation

General Cargo Transportation

20 %

20 %

53 %

55 %

Chemical Transportation

Chemical Transportation

Oil Transportation

Oil Transportation

23 %

22 %

Total Operating Income

7 %

Dry Bulk Cargo Transportation

General Cargo Transportation

17 %

51 %

Chemical Transportation

Oil Transportation

25 %

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