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AL MAZAY A HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONDENSED CONSOLIDA TED FINANCIAL INFORMATION
(UNAUDITED)
For the period from 1 January to 30 June 20 Il
8.
AVAILABLE FOR SALE INVESTMENTS
(Audited)
30 June
31 December
30 June
2011
2010
2010
Quoted:
Equity securities
1,731,430
2,496,543
3,016,712
Unquoted:
Equity securities
3,966,209
4,419,702
14,564,378
Funds & Portfolios
12,569,603
11,490,663
12,423,403
18,267,242
18,406,908
30,004,493
Available for sale investments with a fair value ofKD 16,954,158 (31 December 2010: KD 2,525,102,30
June 2010: KD 6,778,307) are pledged against a loan.
Available for sale investments with a fair value of KD 2,694,599 (31 December 2010: 13,340,787, 30 June
2010: Nil) are pledged against a related party balance.
It
was not possible to reliably measure the fair value of certain available for sale investments due to lack of
reliable measures to determine the fair value of such investments. Accordingly they are stated at cost less
impairment losses, if any.
9.
INVESTMENT IN ASSOCIA TES
Summarised financial information in respect of the Group's associates is set out below:
(Audited)
Group's share of associates'
statement of
30 June
31 December
30 June
financial position:
2011
2010
2010
KD
KD
KD
Total assets
135,001,348
203,735,915
74,978,745
Total liabilities
13,060,948
27,981,171
985,225
Net assets
121,940,400
175,754,744
73,993,520
Group's share of net assets
12,842,187
13,263,803
4,266,466
The associates' statement of income is summarised as follows:
Six-month period ended
30 June
2011
30 June
2010
Total revenue
KD
1,758,400
KD
1,409,110
Total profit for the period
Group's share of results of associates
228,845
836,201
(140,015)
(503,292)
Il