Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2014
Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2014
26. SIGNIFICANT NON CONTROLLING INTEREST
The summarised consolidated financial statement of First Dubai Real Estate Development
Company K.S.C.P is provided below. This information is based on amounts before inter-company
eliminations.
Summarised consolidated statement of income:
2014
KD
2014
KD
5,364,583
3,884,135
6,291,332
(19,378,368)
(675,049)
19,431,285
(622,132)
Revenue
Profit for the year
Total comprehensive income
Operating
Investing
Financing
Net (decrease) increase in cash and cash equivalents
2013
KD
2013
KD
5,303,801
6,920,921
7,546,133
263,725
538,325
(368,244)
433,806
51
Summarised consolidated statement of financial position as at 31 December:
Summarised consolidated cash flow statement for year ending 31 December:
2014
KD
53,581,671
45,696,394
12,958,505
21,285,721
65,033,839
61,158,504
3,875,335
Current assets
Non-current assets
Current liabilities
Non-current liabilities
Total equity
Attributable to:
Equity holders of parent
Non-controlling interest
2013
KD
29,571,502
43,041,431
11,245,426
2,625,000
58,742,507
55,202,547
3,539,960
78
2013
403,513
454,710
Kuwait
KD
UAE
KD
Segment revenue
Segment profit (loss) *
KSA
KD
Others
KD
Total
KD
23,393,968
6,520,991
1,820,700
)592,007(
357,759
415,534
25,975,940
6,799,228
2014
2014
-
3,688,330
17,825,652
13,650
Kuwait
KD
Kuwait
KD
UAE
KD
UAE
KD
Turkey
KD
Turkey
KD
Segment revenue
Segment profit (loss) *
KSA
KD
KSA
KD
Others
KD
Others
KD
Total
KD
Total
KD
13,672,582
4,040,505
158,673,149
104,884,598
-
-
18,568,567
-
2,625,404
733,268
61,624,690
49,234,937
366,910
299,141
5,196,577
-
16,664,896
8,761,244
261,888,635
154,133,185
2013
11,449,255
15,622
Kuwait
KD
UAE
KD
Total segment assets
Total segment liabilities
Total segment assets
Total segment liabilities
KSA
KD
Others
KD
Total
KD
142,856,067
77,693,429
68,668,247
53,239,752
5,142,572
-
228,116,141
130,948,803
27. SEGMENT INFORMATION
i) Primary segment information:
For management purposes, the Group is divided into four main geographical segments that are: State of Kuwait, United
Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Turkey and others, where the Group performs its main activities in
the real estate segment. There is no income generating transactions between the Group’s segments.
* Segment results are computed after allocating common cost to the geographical segments based on asset base of the
segment.
79
