Bahri Annual Report-2013

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

Powered by