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AL MAZA
y
A HOLDING COMPANY K.S.c. AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONDENSED CONSOLfDATED FINANCIAL INFORMATION
(UNAUDITED)
For the period from I January to 30 September 20 II
MA 7..;\ Y.A
t\I,\'~
TO HAC)
8.
INVESTMENT IN ASSOCiATES
Summarised financial information in respect of the Group's associates is set out below:
(Audited)
Group's share of associates'
statement of
30 September
31 December
30 September
financial position:
2011
2010
2010
KD
KD
KD
Total assets
133,278,141
203,735,915
73,546,549
Total liabilities
11,222,942
27,981,171
1,010,520
Net assets
122,055,199
175,754,744
72,536,029
Group's share of net assets
12,809,121
13,263,803
4,276,282
The associates' statement of income is summarised as follows:
Nine-month period ended
Total revenue
Total profit / (loss) for the period
Group's share of results of associates
9.
INVESTMENT IN JOINT VENTURES
30 September
30 September
2011
2010
KD
KD
8,174,565
586,701
(198,347)
3,997,532
(l,516,570)
(493,476)
During the period, the Group disposed of interest in a joint venture. The group's share of net assets disposed of
amounted to KD 7,429,788 against a sale consideration of KD 7,411,727, resulting in a loss on disposal
amounting KD 18,061.
10. INVESTMENT PROPERTIES
30 September
2011
KD
115,374,019
5,899,754
Balance at the beginning of the period / year
Additions
Transferred from properties held for trading
Transferred from fixed assets
Reversal of revaluation surplus
Changes in fair value
Foreign currency translation adjustments
Balance at the end of the period / year
(34,625)
121,239,148
Il
(Audited)
31 December
2010
KD
100,232,287
1,089,036
3,174,783
20,816,119
(519.366)
(8,863,029)
(555,811 )
115,374,019
30 September
2010
KD
100,232,287
6,190,926
(70,903)
106,352,310