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
ii) Primary segment information:
iii)
Secondary segment information:
2014
2013
Kuwait
KD
Kuwait
KD
UAE
KD
UAE
KD
KSA
KD
KSA
KD
Others
KD
Others
KD
Total
KD
Total
KD
2013
25,975,940
228,116,141
Residential
KD
Commercial
KD
Total segment revenue
Total segment assets
Other
KD
Total
KD
14,860,760
52,764,086
10,893,939
122,716,722
221,241
52,635,333
2014
16,664,896
261,888,635
Residential
KD
Commercial
KD
Total segment revenue
Total segment assets
Others
KD
Total
KD
8,753,231
74,609,560
7,911,665
133,270,940
-
54,008,135
Other segmental
information:
Change in fair value of
investment properties
Write back of impairment
loss on properties held for trading
Gain (loss) on financial
assets available for sale
Impairment loss on financial assets
available for sale
Other segmental
information:
Change in fair value of
investment properties
Write back of impairment
loss on properties held for trading
Gain (loss) on financial
assets available for sale
Impairment loss on financial assets
available for sale
)807,657(
-
61,129
)61,904(
)558,967(
-
)41,497(
)314,316(
5,154,172
704,717
-
-
221,885
-
-
-
266,058
-
-
-
5,083,148
704,717
)41,497(
)314,316(
)592,294(
2,003,838
-
-
)69,597(
-
-
-
269,599
-
1,614,418
-
)1,199,949(
2,003,838
1,675,547
)61,904(
80
28. CAPITAL COMMITMENTS
The Group has agreed construction contracts with third parties and is consequently committed to future capital expenditure
in respect of properties under construction amounting to KD 17,418,130 (31 December 2013: KD 17,777,462).
The Group has commitments amounting to KD 8,998,633 to purchase land from a third party (Note 24).
29. FAIR VALUES MEASUREMENT
Financial instruments comprise financial assets and financial liabilities
The fair value of financial assets and financial liabilities that are not carried at fair value is not materially different from
their carrying amounts.
The methodologies and assumptions used to determine fair values of assets is described in fair value section of Note 4:
Significant Accounting Policies.
Financial instruments
The Group held the following financial instruments available for sale fair valued at the reporting date in the consolidated
statement of financial position:
Certain unquoted investments with carrying value of KD 1,931,434 (31 December 2013: KD 2,565,811) are carried at
cost less impairment.
The following table shows a reconciliation of the opening and closing amount of level 3 assets which are recorded at fair
value:
-
At 1 January
2014
KD
Gain
recorded in the
consolidated
statement of
income
KD
Financial assets available for sale:
Funds and managed portfolio
Loss recorded
in other
comprehensive
income
KD
Net
purchases,
sales and
settlements
KD
At
31 December
2014
KD
-
7,478,115
)64,483(
7,413,632
)86,418(
At 1 January
2013
KD
Loss
recorded in the
consolidated
statement of
income
KD
Gain recorded
in other
comprehensive
income
KD
Net
purchases,
sales and
settlements
KD
At
31 December
2013
KD
)125,575(
7,606,660
83,448
7,478,115
2014
2013
10,141,263
10,185,062
Level 1
KD
Level 1
KD
Financial assets available for sale
Financial assets available for sale
Level 3
KD
Level 3
KD
Total
KD
Total
KD
2,727,631
2,706,947
7,413,632
7,478,115
Financial assets available for sale:
Funds and managed portfolio
81
