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AL MAlAYA HOLDING COMPANY K.S.C. (CLOSED) AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE PERIOD ENDED JUNE 30, 2008
(All amounts are in Kuwaiti Dinars)
Six months ended June 30,
Cash flows from operating activities:
Profit for the period before contribution to Kuwait Foundation for the
Advancement of Sciences, National Labour Support Tax and contribution to
Zakat
Adjustments for:
Net investment income
Gain on partial disposal of a subsidiary
Group's share of results from joint ventures
Expenses related to equity settled share based payments
Depreciation and amortization
Foreign currency exchange gain
Interest income
Finance charges
Provision for end of service indemnity
2008
2007
Paid to Kuwait Foundation for the Advancement of Sciences
Paid to National Labour Support Tax
Paid to Zakat
End of service indemnity paid
Net cash generated from operating activities
29,468,201
12,227,779
(1,129,960)
(588,468)
(3,391,755)
(1,042,178)
(1,819,219)
1,438,281
347,024
172,370
48,660
(1,007,086)
(5,309)
(814,762)
(268,576)
2,405,681
823,023
69,879
56,049
26,168,671
10,820,963
6,319,360
(10,078,564)
(5,861,298)
(59,508,925)
(12,836,459)
(629,745)
(443,722)
56,850,529
28,174,316
1,864,012
(3,491,885)
(2,744,732)
21,710,719
12,891,802
(249,078)
(216,197)
(691,883)
(610,185)
(17,556)
(3,109)
(17,096)
20,749,093
12,048,324
(7,627,025)
(9,838,465)
9,500,966
2,974,368
(562,918)
1,146,856
4,964,916
(7,437,414)
(3,918,271 )
(1,195,990)
172,505
810,446
223,760
333,962
574,638
(82,912)
(389,250)
(149,113)
(10,200,715)
Changes in operating assets and liabilities:
Accounts receivable and other debit balances
Properties held for trading
Properties under development
Work in progress
Accounts payable and other credit balances
Gross amount due to customers for properties under development
Deferred consideration on acquisition of properties
Cash flows from investing activities:
Purchase of investments at fair value through income statement
Proceeds from sale of investments at fair value through income statement
Purchase of investments available for sale
Proceeds from sale of investments available for sale
Proceeds from partial disposal of subsidiary
Increase in investment in joint ventures
Net movement of investment properties
Interest income received
Dividend income received
Purchase of fixed assets
Net cash used in investing activities
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