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)
23. Segmental Information - Continued
2012
Oil Transportation
Petrochemical Transportation*
General Cargo Transportation
Dry Bulk Transportation
Total
Operating revenues
1,474,477
440,873
510,106
39,172
2,464,628
Bunker cost
(724,631)
-
(150,466)
-
(875,097)
Other operating expenses Vessel related expenses
(246,611)
(162,260)
(50,111)
(30,918)
(489,900)
Cargo related expenses
-
-
(184,870)
-
(184,870)
Voyage related expenses
(87,960)
-
(54,127)
-
(142,087)
Depreciation and amortization
(278,472)
(132,390)
(12,273)
-
(423,135)
Others
(9,956)
(3,306)
-
-
(13,262)
Total other operating expenses
(622,999)
(297,956)
(301,381)
(30,918) (1,253,254)
Total operating expenses
(1,347,630)
(297,956)
(451,847)
(30,918) (2,128,351)
Gross operating income before bunker subsidy
126,847
142,917
58,259
8,254
336,277
Bunker subsidy
157,468
2,164
40,940
-
200,572
Gross operating income
284,315
145,081
99,199
8,254
536,849
* The financial information of NCC and its subsidiary is consolidated effective June 1, 2013. Accordingly, revenue, bunker cost and other operating costs are shown on gross basis. B) The table below illustrates the distribution of the Company’s and subsidiaries’ assets and liabilities by operating segments as of December 31: 2013 Oil Transportation Petrochemicals Transportation General Cargo Transportation Dry Bulk Transportation Shared Assets and Liabilities *
Total
Assets
5,273,014
3,490,069
1,730,364
412,784
1,090,297
11,996,528
Liabilities
1,652,778
2,237,139
1,224,998
184,070
510,120
5,809,105
2012
Oil Transportation
Petrochemicals Transportation
General Cargo Transportation
Dry Bulk Transportation
Shared Assets and Liabilities *
Total
Assets
5,240,417
3,705,071
972,714
208,969
935,387
11,062,558
Liabilities
1,879,601
2,528,093
613,112
7,556
308,451
5,336,813
* Shared assets and liabilities represent amounts which cannot be allocated to a specific segment such as cash, deposits, investments held to maturity, unclaimed dividends, etc.
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