Chapter 5 Consolidated Financial Statements and Auditor’s Report for the year ended 31 December 2013
The National Shipping Company of Saudi Arabia (A Saudi Joint Stock Company) Consolidated Balance Sheet As at December 31, 2013(In Thousands Saudi Riyals)
Notes
2013
2012
Current assets Bank balances and cash
3
106,525
105,651
Murabaha and short-term deposits
3,4
237,940
292,656
Trade receivables, net
5
608,623
252,765
Bareboat lease receivable, net
6
15,256
10,143
Prepaid expenses and other receivables
7
79,616
141,700
Agents’ current accounts
27,523
27,814
Inventories
8
223,023
132,068
Accrued bunker subsidy, net
9
123,880
132,553
Incomplete voyages
4,456
21,375
Investments held for trading
-
26,384
Total current assets
1,426,842
1,143,109
Non-current assets Bareboat lease receivable, net
6
379,423
394,679
Investments held to maturity
40,587
40,587
Investments available for sale
14,399
57,834
Investments in associated companies
10
841,985
651,982
Deferred dry-docking costs, net
11
104,672
98,675
Fixed assets, net
12
8,512,152
7,503,701
Ships under construction and other
13
676,468
1,171,991
Total non-current assets
10,569,686
9,919,449
Total assets
11,996,528
11,062,558
70/71
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