Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
42
15. WAKALA AND MURABAHA PAYABLES
Average cost rate attributable to Wakala payables during the year ended 31 December 2011 was 6.25% (2010: 7.23%,
2009: 7%) per annum.
Average cost rate attributable to Murabaha payable during the year ended 31 December 2011 was 6.5% (2010: 6.5%,
2009:8%) per annum.
16. DEFFERED CONSIDERATION ON ACQUISITION OF PROPERTIES
Adjustments represent a transfer of KD 24,205,675 to investments properties as explained in note 12 and a transfer of KD
1,507,023 to accounts payable and other credit balances.
17. SHARE CAPITAL
During the year, the Parent Company completed the issuance of shares pertaining to subscriptions received in advance
during the year 2010.
Share capital consists of 649,319,770 authorised and issued shares of 100 fils each (2010: 499,476,750 authorised and
issued shares of 100 fils each, 2009: 499,476,750 authorised and issued shares of 100 Fils each) fully paid in cash.
18. OTHER RESERVES
5,000,000
3,500,000
8,500,000
5,000,000
3,500,000
8,500,000
5,000,000
3,500,000
8,500,000
Wakala payables maturing on 19 October 2012
Murabaha payable maturing on 13 April 2012
2011
KD
2010
KD
2009
KD
30,070,031
)491,163(
)25,712,698(
-
3,866,170
31,464,443
)996,795(
-
)397,617(
30,070,031
34,007,819
)3,582,792(
-
1,039,416
31,464,443
Balance at the beginning of the year
Consideration paid during the year
Adjustments
Foreign currency transaction adjustments
Balance at the end of the year
2011
KD
2010
KD
2009
KD
9,646,725
-
-
9,646,725
9,646,725
9,646,725
)2,934,920(
-
6,711,805
6,711,805
701,077
)701,077(
-
-
-
519,366
-
)519,366(
-
-
)156,410(
-
-
88,612
88,612
)457,645(
-
-
)457,645(
)457,645(
19,899,838
)3,635,997(
)519,366(
15,989,497
15,989,497
At 31 December 2009
Loss on sale of treasury shares
Other comprehensive loss
At 31 December 2010
At 31 December 2011
Statutory
reserve
KD
Voluntary
reserve
KD
Treasury shares
reserve
KD
Asset
revaluation
surplus
KD
Effect of
changes in
subsidiary’s
equity
KD
Effect of
changes in
subsidiary’s
treasury shares
KD
Total
KD
