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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
f1l/
INTERIM CONDENSED CONSOLIDA TED STATEMENT OF FINANCIAL POSITION
(UNAUDITED)
MAZAYA
At 30 June 2011
A1MTOlMO
(Audited)
30 June
31 December
30 June
2011
2010
2010
Notes
KD
KD
KD
ASSETS
Cash and cash equivalents
5
21,541,153
20,483,961
33,426,084
Accounts receivable and other debit balances
6
18,573,055
9,685,383
13,570,629
Murabaha receivable
2,609,309
2,609,309
3,209,352
Properties held for trading
7
137,368,644
138,972,881
140,232,342
Available for sale investments
8
18,267,242
18,406,908
30,004,493
Investment in associates
9
12,842,187
13,263,803
4,266,466
Investment in joint ventures
10
3,638,812
11,525,814
11,606,685
Investment properties
11
115,900,771
115,374,019
106,891,687
Property and equipment
193,385
294,720
24,973,085
Leasehold land
1,511,381
1,547,470
1,584,158
Goodwill
3,091,732
3,091,732
3,091,732
Total assets
335,537,671
335,256,000
372,856,713
LIABILITIES AND EQUITY
Liabilities
Bank overdraft
5,031,748
4,971,120
4,978,027
Accounts payable and other credit balances
12
111,933,382
125,823,543
110,743,652
Term loans
40,500,000
42,000,000
44,970,000
Wakala and Murabaha payables
8,500,000
8,500,000
8,500,000
Deferred consideration on acquisition properties
29,729,146
30,070,031
31,799,591
Provision for end of service indemnity
265,393
257,276
329,271
Total liabilities
195,959,669
211,621,970
201,320,541
Equity
Share capital
21
64,931,977
49,947,675
49,947,675
Share premium
79,760,732
75,714,971
75,714,971
Other reserves
13
15,640,071
15,989,497
16,263,841
Fair value reserve
185,282
(202,370)
89,620
Foreign currency translation reserve
2,156
981,425
2,348,585
Accumulated losses / retained earnings
(11,742,260)
(8,609,811 )
2,564,755
148,777,958
133,821,387
146,929,447
Treasury shares
14
(18,113,786)
(18,113,786)
(17,354,505
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Equity attributable to shareholders of the Parent Company
130,664,172
115,707,601
129,574,942
Non-controlling interests
8,913,830
7,926,429
41,961,230
Total equity
139,578,002
123,634,030
171,536,172
Total liabilities and equity
335,537,671
335,256,000
372,856,713
Rashid Y. AI-Nafisi
Chairman
The accompanying notes set out on pages 8 to 17 form an integral part of this interim condensed financial
information.
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