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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(UNAUDITED)
For the period from 1 January to 30 June 20 Il
Six-month period ended
30
June
2011
Notes
KD
(3,045,437)
15
(112,707)
9
140,015
381,748
10
18,061
14,641
OPERATING ACTIVITIES
(Loss) / profit for the period
Adjustments for:
Net investment income
Share of results of associates
Share of results of joint ventures
Gain on disposal of an associate
Loss on disposal of a joint venture
Impairment losses on available for sale investments
Dilution gain
Provision no longer required
Depreciation and amortization
Foreign currency exchange gain
Murabaha income
Interest income
Finance charges
Provision for end of service indemnity
149,649
(343,080)
(57,682)
(59,849)
1,725,778
38,937
(1,149,926)
Movements in working capital
Accounts receivable and other debit balances
Properties held for trading
Investment properties
Accounts payable and other credit balances
Deferred consideration on acquisition of properties
End of service indemnity paid
Net cash (used in) / generated by operating activities
INVESTING ACTIVITIES
(6,778,405)
(174,455)
(570,502)
5,827,637
(30,820)
(2,876,475)
Purchase of available for sale investments
Proceeds from disposal of available for sale investments
Proceed from disposal of investment in an associate
Proceeds from disposal of investment in ajoint venture
Interest income received
Dividends received
Purchase of property and equipment
Net cash generated by / (used in) investing activities
708,438
6,000,000
12,138
5,500
(12,225)
6,713,851
(Continued)
6
30
June
2010
KD
2,507,450
(2,531,953)
503,292
271,148
(546,743)
2,348,761
(134,620)
(349,901)
198,398
(92,648)
(94,704)
(217,239)
1,306,778
65,256
3,233,275
14,292,150
(13,010,449)
(1,901,572)
3,158,636
(65,026)
(22,103)
5,684,911
(10,666,481)
4,649,409
6,676,330
382,064
85,940
Cl
,931 ,649)
(804,387)