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AL MAZAYA HOLDING COMPANY
K.S.C.
(HOLDING) AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
JUNE
30,
2010
(All amounts are in Kuwaiti Dinars)
1.
Incorporation and activities
AI Mazaya Holding Company - K.S.C. (Holding) was incorporated on November 7, 1998 under the
Commercial Companies Law No. 15 of 1960 and amendments thereto.
The Parent Company is engaged in investment in local and foreign companies, real estate properties and
consultancy services. The registered Head Office of the Parent Company is at Salhiya complex, Fahed AI
Salem Street, P.O. Box 3546, Safat 13036, Kuwait.
These interim consolidated financial information were approved for issue by the Board of Directors on
July 28,2010.
2.
Basis of presentation
The interim consolidated financial information has been prepared in accordance with Intemational Accounting
Standard 34 "Interim Financial Reporting". The accounting policies used in the preparation of the interim
consolidated financial information for the period are consistent with those used in the preparation of the
annual consolidated financial statements for the year ended December 31, 2009.
The interim consolidated financial information do not include all of the information and footnotes required for
complete financial statements prepared in accordance with Intemational Financial Reporting Standards. In
the opinion of management, all adjustments consisting of normal recurring accruals considered necessary for
a fair presentation have been included. Operating results for the period ended June 30, 2010 are not
necessarily indicative of the results that may be expected for the year ending December 31, 2010. For further
information, refer to the consolidated financial statements and notes thereto for the year ended December 31 ,
2009.
The interim financial information of United Circle General Contracting and Building - Abdulla Faisal AI Sultan
and Partner - WL.L. have been consolidated in the interim consolidated financial information as of June 30,
2010, while the comparative figures for the year ended December 31, 2009 and the period ended June 30,
2009 do not include such information:
Interim condensed consolidated statement of financial position:
Cash and cash equivalents
Amount
129,954
Interim condensed consolidated statement of income:
Management fees, commission and consultancy income
General and administrative expenses
79,954
3,518
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