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AL MAlAYA 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)
4.
Accounts receivable and other debit balances
December 31,
June
30,
2009
June 30,
2010
{Audited}
2009
Trade receivable
2,632,352
5,142,216
14,724,110
Advance payments
5,115,207
11,938,128
8,087,468
Advances for capital subscription
7,163,163
7,243,666
Due from related parties (Note 17)
4,751,372
5,365,299
4,963,233
Prepayments
5,398,721
Staff receivables
1,254,791
1,243,048
Other receivables
1,872,587
1,468,720
5,026,259
14,371,518
32,332,317
46,686,505
Provision for doubtful accounts
(800,889}
{800,889}
{8,548,327}
13,570,629
31,531,428
38,138,178
5.
Properties held for trading
December 31 ,
June
30,
2009
June 30,
2010
{Audited}
2009
Balance at the beginning of the period / year
126,122,141
197,864,613
197,864,613
Additions
24,684,435
60,695,339
29,336,393
Disposals (Note 13)
(12,218,667)
(49,168,968)
(40,635,346)
Transferred to investment properties (Note 8)
(86,648,299)
(36,024,732)
Foreign currency translation adjustments
1,644,433
3,379,456
2,766,272
Balance at the end of the period / year
140,232,342
126,122,141
153,307,200
6.
Investments available for sale
December 31,
June
30,
2009
June 30,
2010
{Audited}
2009
Balance at the beginning of the period / year
24,713,492
24,248,220
24,248,220
Additions
10,666,481
47,011,510
41,563,746
Disposals
(3,060,284)
(39,925,963)
(33,499,453)
Transferred to investment in associates (Note 7)
(6,676,330)
Changes in fair value
33,565
56,055
54,912
Impairment losses
(2,348,761 )
Balance at the end of the period / year
30,004,493
24,713,492
32,367,425
Investment available for sale with a fair value of KD 6,778,307 is pledged against a loan (Note 10).
10