Financial Quarterly Reports 2011

3 / 19

Deloitte. AL-WAHA
Deloitte & Touche,
AI·Fahad, AI·Wazzan & Co.
AUDITING OFFICE
ALI OWAID RUKHEYES
Fahad AI-Salem Street
Salhia Complex, Entrance 2
P.O. Box 23049, Safat 13091
Kuwait City, Kuwait
Tel: +965 2243 8060
Fax: +96522452080
Ahmed AI-Jaber Street
Dar AI-Awadi Complex
P.O. Box 20174, Safat 13062
Sharq, Kuwait
Tel: +96522408844
Fax: +96522408855
Member of The International Group of Accounting Firms
P.O. Box 27387 Safat
13134 State of Kuwait
Telephone: (965) 22423415/7
22424919
Fax : (965) 22422026
Independent Auditors' Report on Review of Interim Condensed Consolidated Financial Information
The Board of Directors
Al Mazaya Holding Company K.S.C.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Al Mazaya
Holding Company K.S.C. ("the Company") and its subsidiaries (together referred to as "the Group") at 30 June
2011 and the related interim condensed consolidated statements of income, comprehensive income, changes in
equity and cash flows for the six-month period then ended. Management is responsible for the preparation and fair
presentation of this interim condensed financial information in accordance with International Financial Reporting
Standard, lAS 34 "Interim Financial Reporting". Our responsibility is to express a conclusion on this interim
condensed consolidated financial information based on our review. Financial statements for the year ended 31
December 2010 were audited by another auditor whose report dated 30 March 2011 expressed an unqualified
opinion.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of
Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim condensed
consolidated financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than
an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to
obtain assurance that we would become aware of all significant matters that might be identified in an audit.
Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim
condensed consolidated financial information is not prepared, in all material respects, in accordance with lAS 34.
Report on Other Legal and Regulatory Requirements
Furthermore, based on our review, the accompanying interim condensed consolidated financial information is in
agreement with the accounting records of the Parent Company. We further report that, to the best of our knowledge
and belief, no violations of the Commercial Companies Law of 1960, as amended, nor of the Articles of Association
of the Parent Company have occurred during the six-month period ended 30 June 2011 that might have a material
effect on the Group's business activities or its financial position.J)
-
Jassim Ahmad Al-Fahad
License No. 53-A
16 August 2011