Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
43
STATUTORY RESERVE
As required by the Commercial Companies Law and the Parent Company’s Articles of Association, 10% of the profit for
the year before KFAS, NLST and Zakat is to be transferred to the statutory reserve until the reserve reaches a minimum
of 50% of the paid up share capital and shareholders resolve to discontinue such transfers. This reserve is not available
for distribution except for payment of a dividend of 5% of paid up share capital in years when retained earnings are not
sufficient for the payment of such dividends. No transfer to the reserve has been made due to losses incurred during the
year.
VOLUNTARY RESERVE
In accordance with the Parent Company’s Articles of Association, 10% of the profit for the year before KFAS, NLST and
Zakat is required to be transferred to the voluntary reserve until the shareholders decide to discontinue the transfer on
distributions from the voluntary reserve. No transfer to the reserve has been made due to losses incurred during the year.
19. TREASURY SHARES
64,802,113
9.98
4,017,731
21,788,181
35,869,869
7.18
4,232,644
18,113,786
2011
2010
2009
49,189,869
9.8
5,997,864
27,189,284
Number of shares (shares)
Percentage of issued shares (%)
Market value (Kuwaiti Dinars)
Cost (Kuwaiti Dinars)
20. NET INVESTMENT LOSS
308,794
100,000
(455,904)
(53,729)
(100,839)
2,008,721
422,122
(4,156,488)
-
(1,725,645)
2011
KD
2010
KD
Realized gain on disposal of available for sale investments
Dividend income
Impairment loss on investments available for sale
Portfolio management fees
21. LOSS PER SHARE
)15,842,218(
Shares
620,172,229
)59,174,197(
560,998,032
)28.24(
)11,320,941(
Shares
499,476,780
)32,872,287(
466,604,493
)24.26(
2011
KD
Loss for the year attributable to equity holders of the Parent Company
Weighted average number of issued and fully paid-up shares
Less: weighted average number of treasury shares
Weighted average number of shares outstanding
Loss per share attributable to equity holders of the Parent Company -Fils
2010 (Restated)
KD
