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AL MAZAYA HOLDING COMPANY K.S.C. (CLOSED) AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2007
(All amounts are in Kuwaiti Dinars)
31.
Fiduciary accounts
The Group manages projects on behalf of others, and maintains cash balances and notes receivable in
fiduciary accounts, which are not reflected in the Group's balance sheet. Assets under management at
December 31,2007, amounted to KD2,832,792 (December 31,2006 - KD Nil).
32.
Contingent liabilities and commitments
At December 31, 2007, the Group was contingently liable in respect of the following:
2007
2006
Letters of guarantee
Capital commitments
24,944,145
57,538,953
82,483,098
21,389,400
64,568,622
85,958,022
31