3. Cash and Cash Equivalents Cash and cash equivalents comprise bank balances and cash, and investments in Murabaha and short-term deposits, out of which SR 74.90 million as of December 31, 2013 (2012:SR 77.84 million) are restricted for repayment of loan installments falling due within 180 days from the consolidated balance sheet date For the purpose of the consolidated statement of cash flows, cash and cash equivalents as of December 31 comprise the following: The National Shipping Company of Saudi Arabia (A Saudi Joint Stock Company) Notes To The Consolidated Financial Statements December 31, 2013 (In Thousands Saudi Riyals) Chapter 5 Consolidated Financial Statements and Auditor’s Report for the year ended 31 December 2013
2013
2012
Bank balances and cash
106,525
105,651
Amounts restricted by banks
(9,428)
(10,657)
97,097
94,994
Murabaha and short-term deposits
237,940
292,656
Amounts restricted by banks
(65,471)
(67,184)
172,469
225,472
Cash and cash equivalents at the end of the year
269,566
320,466
4. Murabaha and Short-Term Deposits Murabaha and short- term deposits balance as of December 31 comprise the following:
2013
2012
Murabaha and short-term deposits in Saudi Riyals
75,250
86,930
Murabaha and short-term deposits in USD
162,690
203,684
Murabaha and short-term deposits in AED
-
2,042
Total
237,940
292,656
5. Trade Receivables, Net Trade receivables, net at December 31 comprise the following:
2013
2012
Trade receivables
616,864
265,942
Provision for doubtful debts
(8,241)
(13,177)
Total
608,623
252,765
Movement in provision for doubtful debts is as follows:
2013
2012
Balance at the beginning of the year
13,177
12,586
Charge for the year
55
7,600
Amounts written-off during the year
(4,991)
(7,009)
Balance at the end of the year
8,241
13,177
80/81
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