Financial Quarterly Reports 2011

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AL MAZAY A HOLDING COM]> ANY K.S.c. AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
For the period from I January to 30 September 2011
~I A Z A y II
AIM TO HAC)
5. CASH AND CASH EQUIVALENTS (CONTINUED)
The average effective interest rate on short term bank deposits was 1.38% (31 December 2010: 1.75% and 30
September 20 10: 2.5%) per annum. These deposits have an average maturity of 90 days (31 December 20 10: 30
days and 30 September 2010: 64 days).
Cash on hand and at banks include an amount of KD 13,945,293 (31 December 2010: KD 11,999,716 and 30
September 2010: KD 13,457,150) representing restricted cash to be used only against construction work.
(Audited)
30 September 31 December 30 September
2011 2010 2010
Quoted:
Equity securities 1,626,971 2,496,543 2,903,033
Unquoted:
Equity securities 4,385,227 4,419,702 13,432,797
Funds & Portfolios 10,947,442 11,490,663 12,306,567
16,959,640 18,406,908 28,642,397
6. ACCOUNTS RECEIVEABLE AND OTHE DEBIT BALANCES
(Audited)
30 September 31 December
2011 2010
KD KD
Trade receivables 9,688,542 6,058,934
Advance payments 1,299,343 2,302,053
Advance for investments 4,837,400 931,865
Advances for capital subscription 121,767
Due from related parties (See note 18) 1,429,181 887,114
Staff receivables 8,506 8,951
Other receivables 1,359,116 455,920
18,743,855 10,644,837
Allowance for doubtful debts {959,454) (959,454)
17,784,401 9,685,383
7. AVAILABLE FOR SALE INVESTMENTS
30 September
2010
KD
3,204,231
3,318,254
4,736,493
1,958,553
13,218,531
(800,889)
12,417,642
Available for sale investments with a fair value of KD 6,756,035 (31 December 2010: KD 13,340,787,30
September 20 I0: KD 17,651,526) are pledged against a loan. Subsequent to the reporting date, the Group has
fully settled the loan and the pledge has been released as a result.
Available for sale investments with a fair value of KD 2,259,590 (31 December 2010: 2,525,102, 30
September 20 I0: KD 6,662,831) are pledged against a related party payable.
It was not possible to reliably measure the fair value of certain available for sale investments due to lack of
reliable measures to determine the. fair value of such investments. Accordingly they are stated at cost less
impairment losses, if any.
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