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AL MAZAYA HOLDING COMPANY KS.C. (CLOSED) AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
SEPTEMBER 30, 2008
(All amounts are in Kuwaiti Dinars)
3.
Cash and cash equivalents
December 31,
September 30,
2007
September 30,
2008
(Audited}
2007
Cash and bank balances
34,703,184
10,216,087
20,946,933
Short term bank deposits
20,999,850
11,500,000
2,750,000
Cash in investment portfolios
70,676
5,784,456
43,703
55,773,710
27,500,543
23,740,636
Short term bank deposits earn an average interest rate of 6.5% (December 31, 2007 - 7.08 % and
September 30,2007 - 7.5
%)
per annum.
4.
Investments at fair value through income statement
December 31,
September 30,
2007
September 30,
2008
(Audited}
2007
Balance at the beginning of the period
I
year
17,171,474
19,555,139
21,815,983
Additions
13,252,984
3,898,708
9,588,922
Disposals
(27,847,270)
(6,607,450)
(4,118,032)
Unrealized (loss) gain from changes in fair value of
investments at fair value through income statement
{336,353}
325,077
(270,512)
Balance at the end of the period
I
year
2,240,835
17,171,474
27,016,361
5.
Accounts receivable and other debit balances
December 31,
September 30,
2007
September 3D,
2008
(Audited)
2007
Trade receivables
13,171,279
25,060,707
21,202,892
Advance payments
8,912,908
9,450,941
3,745,849
Murabaha receivable
6,139,808
Due from related parties (Note 19)
5,485,328
7,770,607
2,247,175
Other receivables
3,692,310
985,747
1,731,116
37,401,633
43,268,002
28,927,032
6.
Properties held for trading
September 30,
2008
Additions
25,496,248
Transfer from investment properties
13,691,787
Transfer from properties under development
484,079
Disposals
(18,469,034)
Foreign currency translation adjustments
(262,711}
Balance at the end of the period
. 20,940,369
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