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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
.1);
INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME
(UNAUDITED)
MAlAYA
For the period from 1 January to 30 June 2011
A~M'[\)UA[)
Three-month period ended
Six-month period ended
30 June
30 June
30 June
30 June
2011
2010
2011
2010
INCOME
Notes
KD
KD
KD
KD
Revenue from sale of properties held for
trading
35,878
7,510,863
35,878
16,568,577
Cost of sale of properties held for
trading
(479,531)
(5,384,179)
(479,531)
(12,218,667)
Gross (loss) / profit
(443,653)
2,126,684
(443,653)
4,349,910
Management fees, commission and
consultancy income
(118,252)
90,080
385,880
305,941
Rental income
179,795
87,623
331,728
136,333
Net investment income
15
160,873
375,545
112,707
2,531,953
Share of results of associates
9
(134,611)
43,451
(140,015)
(503,292)
Share of results of joint ventures
(367,081)
(68,118)
(381,748)
(271,148)
Gain on disposal of an associate
546,743
546,743
Loss on disposal of a joint venture
10
(18,061)
(18,061)
Impairment losses on available for sale
investments
(14,641)
(2,348,761)
(14,641)
(2,348,761)
Dilution gain
134,620
134,620
Provision no longer required
349,901
349,901
Foreign currency exchange gain
178,279
97,751
343,080
92,648
Other (loss) / income
(52,653)
117,318
(29,049)
271,318
Murabaha income
25,548
35,273
57,682
94,704
Interest income
26,983
89,654
59,849
217,239
(577,474)
1,677,764
263,759
5,908,109
EXPENSES
Marketing expenses
(34,350)
(35,765)
(64,450)
(113,826)
General and administrative expenses
(605,651)
(878,853)
(1,347,701)
(1,750,267)
Depreciation and amortization
(72,054)
(97,829)
(149,649)
(198,398)
Expenses on completed projects
(3,762)
(22,399)
(4,618)
(31,390)
Professional Services Fees
(17,000)
(17,000)
Finance charges
(807,043)
(668,665)
(1,725,778)
(1,306,778)
(1,539,860)
(1,703,511)
(3,309,196)
(3,400,659)
(Loss) /
profit for the period
(2,117,334)
(25,747)
(3,045,437)
2,507,450
Attributable to:
Equity holders of the Parent Company
(2,164,505)
444,248
~I
2,564,755
Non-controlling interests
47,171
(469,995)
87,012
(57,305)
(Loss) / profit for the period
(2,117,334)
(25,747)
(3,045,437)
2,507,450
(Loss) / earnings per share
attributable to equity holders of
the Parent Company - Fils
16
(3.53)
0.95
(5.65)
5.50
The accompanying notes set out on pages 8 to 17 form an integral part of this interim condensed consolidated
financial information.
3