Page 11 - Q3-2024-EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30, 2023
(All amounts are in Kuwaiti Dinars)

For the nine months ended
September 30
2023 2022

Net increase (decrease) in cash and cash equivalent 9,816,543 (947,027)
Cash on hand and at banks relating to assets classified as held for sale
(Note 4) (749,383) (183,522)
Cash on hand and at banks related to disposed subsidiary (Note 4) (108,754) (139,269)
Foreign currency translation adjustments (121,821) 291,771
Cash and cash equivalent at the beginning of the period (Note 3) 5,774,968 6,412,811
Cash and cash equivalent at the end of the period (Note 3) 14,611,553 5,434,764

Non-cash transactions:
Accounts receivable and other debit balances - (200,000)
Advances to purchase properties (8,260,020) -
Property, plant and equipment - (215,152)
Additions on investment properties (8,610,901) (25,907,567)
Disposal of investment properties 16,870,921 -
Accounts payable and other credit balances - 4,340,152
Islamic bank facilities - 6,000,000
Lease liabilities - 15,782,567
Disposal of a subsidiary - 200,000
- -

The accompanying notes (1) to (14) form an integral part of the interim consolidated financial information.

8