Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
41
34,711,975
)15,165,579(
)19,546,396(
-
-
17,373,130
)9,040,096(
-
)8,333,034(
-
52,085,105
)24,205,675(
)19,546,396(
)8,333,034(
-
Balance at the beginning of the year
Adjustment of deferred consideration (note 16)
Decline in fair value (note 7)
Adjustment by transfer to accounts receivable
and other debit balances
Balance at the end of the year
DTJA
KD
WF
KD
Total
KD
13. ACCOUNTS PAYABLE AND OTHER CREDIT BALANCES
Trade payables are non-interest bearing. There is no material difference between the fair value and the book value of
accounts payable and other credit balances.
14. TERM LOAN
17,863,481
-
6,365,991
7,577,199
2,255,185
656,214
1,533,172
36,251,242
24,101,675
14,810,686
8,296,943
5,349,684
1,497,835
726,121
1,059,156
55,842,100
20,449,459
-
10,482,183
6,320,453
136,800
747,868
5,056,051
43,192,814
Trade payables
Amounts received in advance for capital subscription
Amounts due to related parties
Retentions payable
Accrued development costs
Dividends payable
Other payables and accrued expenses
2011
KD
2010
KD
2009
KD
4,500,000
38,000,000
42,500,000
42,000,000
-
42,000,000
44,970,000
-
44,970,000
2011
KD
2010
KD
2009
KD
Current portion
Non-current portion
During the year, the Group rescheduled its long term loan through renegotiation with a local bank. The rescheduling terms
require the Group to repay the loan in sixteen equal quarterly installments between 2012 and 2016 at an approximately
similar interest rate. The average effective interest rate on the term loans is 5.63% (2010: 5.67% and 2009 5.50%) per
annum.
