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ANNUAL REPORT
2015
Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2015
22. NET MANAGEMENT FEES AND COMMISSION INCOME
2015
KD
8,837,008
1,267,692
59,974
211,192
1,645,413
3,878,957
15,900,236
Trade payables
Retentions payable
Accrued development costs
Dividends payable
Due to related parties (Note 24)
Other payables and accrued expenses
2014
KD
4,013,789
1,606,979
59,974
166,450
-
3,284,494
9,131,686
2015
KD
477,064
(98,234)
378,830
Management fees and commission income
Cost of management fees and commission
income
2014
KD
658,863
(265,647)
393,216
23. NET INVESTMENT INCOME
24. RELATED PARTY TRANSACTIONS
These represent transactions with related parties, i.e. subsidiaries, shareholders, directors and key management personnel of the
Group, and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and terms of these
transactions are approved by the Group’s management.
Transactions with related parties included in the consolidated financial statement are as follows:
i) Amounts due from/to related parties are interest free and are receivable or payable on demand.
324
127,075
)61,039(
)54,947(
11,413
1,675,547
104,381
)126,637(
)61,904(
1,591,387
Realized gain on disposal of financial assets available for sale
Dividend income
Portfolio management fees
Impairment loss on financial assets available for sale (Note 11)
2014
KD
2015
KD
21. ACCOUNTS PAYABLE AND OTHER LIABILITIES
495,936
1,579,374
-
1,043,844
66,039
11,933,090
1,539,780
1,645,413
11,933,090
1,761,850
-
14,656,980
Consolidated statement of financial position:
Accounts receivable and other debit balances (Note 14) (Note i)
Accounts payable and other credit balances (Note 21) (Note i)
Advances for purchase of properties (Note 12)
Major
shareholders
KD
Joint venture
and associates
KD
2015
KD
2014
KD
80