2,266,732
618,180
92,312,256
12,884,446
12,072,697
16,817,022
136,971,333
98,751,223
9,848,399
16,317,680
124,917,302
261,888,635
68,827,896
21,655,393
11,136,621
8,201,701
1,340,732
)21,788,181(
845,160
2,096,107
8,294,866
100,610,295
7,145,155
107,755,450
586,008
8,000,000
48,254,413
56,840,421
4,500,000
4,004,101
79,656,977
9,131,686
-
97,292,764
154,133,185
261,888,635
2,266,732
358,706
89,094,871
14,250,135
12,750,873
-
118,721,317
86,385,937
5,563,047
17,445,840
109,394,824
228,116,141
64,931,977
21,655,393
10,289,898
7,354,978
1,408,173
)21,788,181(
673,551
636,546
5,797,886
90,960,221
6,207,117
97,167,338
377,211
22,000,000
20,497,705
42,874,916
1,500,000
2,399,595
68,662,798
12,523,867
2,987,627
88,073,887
130,948,803
228,116,141
7
8
9,10
11
12
13
14
15
16
16
17
17
18
19
20
19
20
21
15
2014
KD
ASSETS
Non-current assets
Goodwill
Property and equipment
Investment properties
Investment in joint ventures and associates
Financial assets available for sale
Advances for purchase of properties
Current assets
Properties held for trading
Accounts receivable and other debit balances
Cash and cash equivalents
Total assets
EQUITY AND LIABILITIES
Equity
Share capital
Share premium
Statutory reserve
Voluntary reserve
Fair value reserve
Treasury shares
Other reserves
Foreign currency translation reserve
Retained earnings
Equity attributable to equity holders of the Parent Company
Non-controlling interests
Total equity
Liabilities
Non-current liabilities
Employees’ end of service benefits
Term loans
Tawarruq and ijara payables
Current liabilities
Term loans
Tawarruq and ijara payables
Advances from customers
Accounts payable and other credit balances
Bank overdrafts
Total liabilities
TOTAL LIABILITIES AND EQUITY
2013
KD
Notes
Rasheed Y. Al-Nafisi – Chairman
Ibrahim A. AlSoqabi – Group CEO
Consolidated Statement of Financial Position
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
At 31 December 2014
The attached notes 1 to 31 form part of these consolidated financial information.
44
22
8
9,10
10
13
23
24
16
6
2014
KD
2013
KD
Revenue from sale of properties held for trading
Rental income
Net management fees and commission income
REVENUE
Cost of sale of properties held for trading
Cost of rental
COST OF REVENUE
GROSS PROFIT
Net change in fair value of investment properties
Gain on disposal of investment properties
Share of results of joint ventures and associates
Gain on disposal of an associate
Write back of impairment loss on properties held for trading
General and administrative expenses
OPERATING INCOME
Net investment income (loss)
Other income (expense)
Interest income
Finance costs
Foreign exchange loss
Profit for the year before contribution for board of directors’ remuneration,
Kuwait Foundation for Advancement of Sciences (“KFAS”), National
Labour Support Tax (“NLST”) and Zakat
Board of Directors’ Remuneration
KFAS
Zakat
NLST
Attributable to:
Equity holders of the Parent Company
Non-controlling interests
PROFIT FOR THE YEAR
BASIC AND DILUTED EARNING PER SHARE ATTRIBUTABLE TO EQUITY
HOLDERS OF THE PARENT COMPANY
The attached notes 1 to 31 form part of these consolidated financial information.
10,968,894
5,302,786
393,216
16,664,896
)9,168,087(
)1,229,322(
)10,397,409(
6,267,487
)1,199,949(
202,728
1,628,667
2,928,815
2,003,838
(3,997,903)
7,833,683
1,591,387
2,233,251
55,302
(2,539,603)
(31,892)
9,142,128
(120,000)
(76,069)
(50,076)
(134,739)
8,761,244
8,086,345
674,899
8,761,244
13.05 fils
21,401,278
3,964,882
609,780
25,975,940
)17,070,175(
)1,119,465(
)18,189,640(
7,786,300
5,083,148
126,271
309,765
26,052
704,717
(3,459,447)
10,576,806
(484,641)
(591,651)
75,837
(2,634,303)
(2,691)
6,939,357
(85,000)
(55,129)
-
-
6,799,228
6,001,051
798,177
6,799,228
9.69 fils
Notes
Consolidated Statement of Income
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
For the year ended 31 December 2014
45
