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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
Forthe period from I January to 30 June 2011
16.
(LOSS) /
EARNINGS PER SHARE
Three- months period ended
Six-month period ended
30 June
30 June
2011
2010
2011
2010
KD
KD
KD
KD
(Loss)
Iprofit
for the period attributable to
equity holders of the Parent Company
(2,164,505)
444,248
(3,132,449)
2,564,755
Shares
Shares
Shares
Shares
Weighted average number of issued and
fully paid-up shares
649,319,770
499,476,780
590,541,581
499,476,780
Less: weighted average number of treasury
shares
(35,869,869)
(32,289,869)
(35,869,869)
(33,168,322
2
Weighted average number of shares
outstanding
613,449,901
467,186,911
554,671,712
466,308,458
(Loss)
I
earnings per share attributable to
equity holders of the Parent Company -Fils
(3.53)
0.95
(5.65)
5.50
17.
DISPOSAL OF A SUBSIDIARY
On 31 January 2011, the Parent Company disposed of its 92.23% wholly owned subsidiary United Circle General
Contracting and Building Company.
The details of the disposal are as follows:
30
June
2011
Six-month period
ended
KD
Net assets disposed off
Increase in Non Controlling Interests due to the disposal
Deferred consideration
Difference arising on decrease in ownership of subsidiary without losing control
941,573
592,147
(349,426)
As a consequence of the disposal, the Group's effective share in its subsidiary Waterfront Real Estate Company
K.S.C. (Closed) decreased from 86.43% to 82.43% resulting in increase of minority interests.
14