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 liabilities Accounts payable and accruals
14
282,765
230,313
Murabaha financing and long-term loans -current portion
15
564,292
466,085
Short term Murabaha financing
15
337,000
160,000
Unclaimed dividends
16
32,088
30,941
Provision for zakat and tax
17
138,907
118,778
Total current liabilities
1,355,052
1,006,117
Non-current liabilities Murabaha financing and long-term loans
15
4,376,589
4,253,733
Employees' end of service benefits
46,760
40,213
Other liabilities
18
30,704
36,750
Total non-current liabilities
4,454,053
4,330,696
Total liabilities
5,809,105
5,336,813
Shareholders’ equity Share capital
1
3,150,000
3,150,000
Statutory reserve
998,060
922,834
Retained earnings
16
1,697,784
1,335,748
Unrealized (losses) gains on available for sale investments
(115)
2,332
Total shareholders’ equity
5,845,729
5,410,914
Non-controlling interests
341,694
314,831
Total equity
6,187,423
5,725,745
Total liabilities and equity
11,996,528
11,062,558
The accompanying notes from (1) to (27) form an integral part of these consolidated financial statements
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