Rabigh Refining & Petrochemical Co. (2380.SE)

Financial StatementsConsolidated Balance Sheet(in SAR Million) 2007A 2008A 1H08A 1H09A 2009E 2010E 2011EASSETSNon-current assetsProperty, plant and equipment 0 1,541.27 578.76 15,750.30 18,148.97 22,879.54 26,239.74Leased assets 0 6,547.61 0 6,379.33 6,357.93 6,168.25 5,978.57Construction in progress 23,812.68 31,428.49 28,461.02 18,299.24 16,886.37 13,782.65 12,774.14Long term investment 2,450.84 3,337.63 3,124.10 3,259.91 3,363.01 3,670.60 4,030.78Total non-current assets 26,263.52 42,855.00 32,163.89 43,688.78 44,756.28 46,501.05 49,023.22Current assetsCash and cash equivalents 185.95 1,534.09 377.37 878.04 927.10 995.43 1,543.25Trade receivables 0 2,348.49 0 3,175.76 3,587.89 4,860.49 5,860.55Inventories 0 974.11 0 2,840.71 2,913.54 3,725.14 4,225.61Advances to suppliers 420.88 90.25 212.94 53.28 53.28 53.28 53.28Prepayments and other current assets 90.26 109.00 100.82 168.11 173.42 192.01 213.76Total current assets 697.09 5,055.94 691.13 7,115.88 7,655.22 9,826.35 11,896.44Total Assets 26,960.61 47,910.94 32,855.01 50,804.66 52,411.50 56,327.39 60,919.66LIABILITIES AND EQUITYLiabilitiesNon-current liabilitiesLong-term loans 19,443.75 21,900.00 21,337.50 21,900.00 21,900.00 21,900.00 21,900.00Loan from founding shareholders 0 3,000.00 0 4,575.00 4,575.00 4,575.00 4,575.00Finance lease obligations 0 6,538.63 0 6,472.52 6,567.17 7,012.77 7,145.89Provision for deferred employee serviceawards 0 5.78 2.63 8.92 9.76 15.06 21.76Employees’ termination benefits 0 3.62 2.33 4.12 4.25 4.57 4.94Total non-current liabilities 19,443.75 31,448.02 21,342.45 32,960.57 33,056.18 33,507.40 33,647.59Current liabilitiesAccounts payable 1,118.83 6,647.42 779.62 7,418.74 7,665.70 8,658.44 9,057.64Short term loans 0 0 0 633.72 633.72 702.61 729.43Accrued expenses and other currentliabilities 445.45 421.13 410.42 658.17 678.98 735.34 801.39Current portion of finance lease obligation 0 130.53 0 134.25 137.46 153.13 174.40Total current liabilities 1,564.27 7,199.07 1,190.03 8,844.88 9,115.87 10,249.52 10,762.86Total liabilities 21,008.02 38,647.10 22,532.49 41,805.45 42,172.05 43,756.93 44,410.45EquityShare capital 6,570.00 8,760.00 8,760.00 8,760.00 8,760.00 8,760.00 8,760.00Statutory reserve 0 2,409.00 2,409.00 2,409.00 2,409.00 2,517.40 2,764.36Employee Share Ownership Plan 0 -31.50 -31.50 -31.48 -31.48 -31.48 -31.48Accumulated losses -617.42 -1,873.66 -814.98 -2,138.31 -898.07 1,324.55 5,016.34Equity attributable to equity holders ofthe Company 5,952.58 9,263.84 10,322.53 8,999.21 10,239.44 12,570.46 16,509.21Total liabilities & equity 26,960.61 47,910.94 32,855.01 50,804.66 52,411.50 56,327.39 60,919.66