Page 24 - Q3-2024-EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
SEPTEMBER 30, 2023
(All amounts are in Kuwaiti Dinars)

13. Fair value measurement
The Group measures financial assets such as financial assets at fair value through profit or loss, financial assets at fair
value through other comprehensive income, and non-financial assets such as investment properties at fair value at the
end of the financial period.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The fair value measurement is based on the presumption that
the transaction to sell the asset or transfer the liability takes place either:
• In the principal market for the asset or liability, or
• In the absence of a principal market, in the most advantageous market for the asset or liability.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within
the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value
measurement as a whole:

The details of fair value measurement hierarchy are as follows:

Level 1: Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly
or indirectly observable.
Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable.

The following table shows an analysis of captions recorded at fair value by level of the fair value hierarchy:

September 30, 2023
Level 1 Level 2 Level 3 Total
Financial assets at fair value through
profit or loss - - 590 590
Financial assets at fair value through
other comprehensive income - 1,468,874 4,984,932 6,453,806
Investment properties (a) - 35,596,150 106,449,660 142,045,810

- 37,065,024 111,435,182 148,500,206

December 31, 2022 (Audited)
Level 1 Level 2 Level 3 Total
Financial assets at fair value through
profit or loss 79,616 - 155,971 235,587
Financial assets at fair value through
other comprehensive income - 1,225,648 7,787,909 9,013,557
Investment properties (a) - 65,432,532 109,349,804 174,782,336
79,616 66,658,180 117,293,684 184,031,480

September 30, 2022
Level 1 Level 2 Level 3 Total
Financial assets at fair value through
profit or loss - - 351,866 351,866
Financial assets at fair value through
other comprehensive income - 1,252,956 7,958,810 9,211,766
Investment properties (a) - 45,046,418 143,343,969 188,390,387
- 46,299,374 151,654,645 197,954,019

20