Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
Liquidity risk management
Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s
approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its
liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage
to the Group’s reputation.
Ultimate responsibility for liquidity risk management rests with the board of directors, who have built an appropriate
liquidity risk management framework for the management of the Group’s short, medium and long-term funding and
liquidity management requirements. The Group manages liquidity risk by maintaining adequate reserves by continuously
monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.
The table below analyses the Group’s non-derivative financial liabilities based on the remaining period at the consolidated
statement of financial position to the contractual maturity date. The amounts disclosed in the table below are the contractual
undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is
not significant.
2,791,842
36,251,242
8,500,000
4,500,000
3,866,170
55,909,254
5,530,012
221,110
-
-
-
6,337,800
-
6,337,800
6,912,516
-
-
-
-
33,801,600
-
33,801,600
15,207,534
-
2,971,842
36,251,242
8,500,000
44,639,400
3,866,170
96,048,654
27,650,062
221,110
At 31 December 2011
Financial liabilities
Less than
1 year
KD
Between
1 & 2 years
KD
Bank overdrafts
Accounts payable and other credit balances
Wakala and Murabaha payables
Term loans
Deferred consideration on acquisition of
properties
Commitments
Capital commitments
Operating lease commitments
Between
2 & 5 years
KD
Total
KD
4,971,120
55,842,100
8,500,000
44,381,400
30,070,031
143,764,651
-
245,109
-
-
-
-
-
-
-
-
4,971,120
55,842,100
8,500,000
44,381,400
30,070,031
143,764,651
35,880,362
245,109
-
-
-
-
-
-
35,880,362
-
Bank overdrafts
Accounts payable and other credit balances
Wakala and Murabaha payables
Term loans
Deferred consideration on acquisition of
properties
Commitments
Capital commitments for construction
Operating lease commitments for land
Financial liabilities
At 31 December 2010
Less than
1 year
KD
Between
1 & 2 years
KD
Between
2 & 5 years
KD
Total
KD
49
