15 / 18
AL MAZAYA HOLDING COMPANY
K.S.C.
(CLOSED) AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
SEPTEMBER
30,
2008
(A" amounts are in Kuwaiti Dinars)
14.
Treasury shares
Number of shares (shares)
Percentage of issued shares (%)
Market value (KD)
Cost (KD)
September 30,
2008
December 31,
2007
(Audited)
September 30,
2007
23,807,154
5.24%
18,093,437
16,918,480
5,228,695
1.66%
3,450,938
2,889,821
7,240,575
2.29%
4,054,722
3,786,094
15.
Revenue from sale of investment properties
During the period ended September 30, 2008, there was a delay in a settlement payment relating to sale of
investment property that occurred in 2007. This resulted in increase in the selling price amounting to AED
35,000,000 equivalent to KD 2,574,513, the increase was accounted in the interim condensed consolidated
income statement as an additional gain from sale of investment property.
16.
Net investment income (loss)
Three months ended
September
3D,
Nine months ended
September
3D,
2008
2007
2008
2007
Unrealized loss from changes in fair value of
investments at fair value through income
statement
Realized gain on sale of investments at fair value
through income statement
Realized (loss) gain on sale of investments
available for sale
Dividend income
(1,966,315)
(277,426)
2,300,795
41,445
(336,353)
(270,512)
1,428,127
48,361
36,688
345,964
574,638
1,474,426
352,487
(2,016)
12,002
(235,981)
344,466
17. Gain on sale of waiver of subscription in a subsidiary
This represents the gain on sale of portion of the subscription right in the capital increase of First Dubai
Real Estate Development K.S.C. (Closed) - subsidiary, equivalent to 103,875,560 shares with a value of fils
200 per share.
13