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AL MAlAYA HOLDING COMPANY
K.S.C.
(HOLDING) AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
AS OF JUNE
30,
2010
(All amounts are in Kuwaiti Dinars)
December 31,
June 30,
2009
June 30,
ASSETS
Note
2010
(Audited)
2009
Cash and cash equivalents
3
33,426,084
28,180,304
42,579,008
Accounts receivable and other debit balances
4
13,570,629
31,531,428
38,138,178
Murabaha receivable
3,209,352
3,223,456
3,723,456
Properties held for trading
5
140,232,342
126,122,141
153,307,200
Investments available for sale
6
30,004,493
24,713,492
32,367,425
Investment in associates
7
4,266,466
10,414,824
2,405,889
Investment in joint ventures
11,606,685
11,790,446
11,855,999
Investment properties
8
106,891,687
100,232,287
66,923,406
Fixed assets
9
24,973,085
22,796,458
20,744,594
Leasehold land
1,584,158
1,620,248
1,656,936
Goodwill
3,091,732
3,091,732
3,091,732
Total assets
372,856,713
363,716,816
376,793,823
LIABILITIES AND EQUITY
Liabilities:
Bank overdraft
4,978,027
5,073,936
4,993,795
Accounts payable and other credit balances
10
110,743,652
107,223,322
116,090,103
Term loans
44,970,000
44,970,000
44,970,000
Wakala and Murabaha payables
8,500,000
8,500,000
5,000,000
Deferred consideration on acquisition of properties
31,799,591
31,464,443
31,998,856
Provision for end of service indemnity
329,271
283,952
237,970
Totalliabilities
201,320,541
197,515,653
203,290,724
Equity:
Share capital
49,947,675
49,947,675
49,947,675
Share premium
75,714,971
75,714,971
75,714,971
Statutory reserve
11
9,646,725
9,646,725
9,131,420
Voluntary reserve
11
6,711,805
9,646,725
9,131,420
Treasury shares reserve
11
701,077
701,077
Cumulative changes in fair value
11
89,620
56,055
151,375
Assets revaluation surplus
11
519,366
519,366
519,366
Foreign currency translation adjustments
11
2,348,585
1,478,702
2,166,375
Effect of changes in subsidiary's treasury shares
(457,645)
(457,645)
(671,823)
Effect of changes in subsidiary's equity
(156,410)
(156,410)
57,768
Retained earnings
2,564,755
4,220,515
10,001,150
146,929,447
151,317,756
156,850,774
Treasury shares
12
(17,354,505)
(27,189,284)
(27,189,284)
Equity attributable to equity holders of the Parent
Company
129,574,942
124,128,472
129,661,490
Non-controlling interests
41,961,230
42,072,691
43,841,609
Total equity
171,536,172
166,201,163
173,503,099
Total liabilities and equity
372,856,713
363,716,816
376,793,823
The accompanying notes (1) to (22) form an integral part of the interim consolidated financial information
Rashid Y. AI-Nafisi
Chairman
2