Summary of Financial Results of Subsidiaries in 2013 (SAR 000)
Total Operating Income
General and Administrative Expenses
Other Revenues (Expenses)
Contribution to Bahri’s Net Profit
Operating Revenues
Operating Expenses
Bunker Subsidy
Net Profit (Loss)
Company
NSCSA (America) Inc.
19,949
(4,897)
– 15,052 (16,881)
598
(1,231)
(0.16%)
Mideast Ship Management Ltd.** National Chemical Carriers Ltd. Co.*
45,144 (43,455)
–
1,689
–
(1,366)
323
0.04%
663,874 (522,422) 6,497 147,949 (10,955)
(10,550)
126,444
16.81%
Bahri Dry Bulk
113,906 (73,387)
–
40,519
(2,962)
(8,623)
28,934
3.85 %
* Income generation is entirely dependent on the Parent Company ** Income generation is entirely dependent on the Parent Company and subsidiaries
Murabaha Financing and Long-term Loans in 2013 * (SAR 000)
Balance of loans at Year-start
Average Loan Term (in years)
Additions during the Year
Principal Loans
Repayments during the Year
Balance of loans at Year-end
Company
The National Shipping Co. of Saudi Arabia (Bahri) National Chemical Carriers Ltd. Co. (NCC)
4,350,535
2,482,799
10
817,170
(288,931)
3,011,038
2,889,920
2,381,633
8.7
–
(295,850)
2,085,783
Bahri Dry Bulk (BDB)
420,000
–
11
167,664
–
167,664
Mideast Ship Management Ltd.
25,342
15,386
7
–
(1,991)
13,395
Total
7,685,797
4,879,818
9.2
984,834
(586,772)
5,277,880
* In addition to the finance received from the Public Investment Fund, the Company and its subsidiaries also received finance from several banks; the most important are Samba Financial Group, Saudi Fransi Bank, Saudi British Bank (SABB), National Commercial Bank, Riyadh Bank, Gulf International Bank, BNP Paribas (Paris).
Powered by FlippingBook