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AL MAZA YA HOLDING COMPANY K.S.c. AND ITS SUBSIDIARIES
NOTES TO THE INTERlM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
For the period from 1 January to 30 September 2011
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11.
ACCOUNTS PA YABLE AND OTHER CREDIT BALANCES
(Audited)
30 September
31 December
30 September
2011
2010
2010
KD
KD
KD
Trade payables
24,166,927
24,101,675
17,707,292
Amounts received
in
advance for capital subscription
14,810,686
Advances received from customers
77,798,593
69,981,443
69,212,073
Amounts due to related parties (See note 18)
4,612,065
8,296,943
8,852,846
Retentions payable
5,264,590
5,349,684
8,579,677
Accrued development costs
2,131,568
1,497,835
73,591
Dividends payable
656,214
726,121
726,121
Other payables and accrued expenses
2,503,181
1,059,156
5,307,146
117,133,138
125,823,543
110,458,746
12.
OTHER RESERVES
Effect of
Effect of
changes in
Asset
changes in
su bsidiary's
Voluntary
Statutory
revaluation
subsidiary's
treasury
reserve
reserve
sUf(:!lus
eguit~
shares
Total
KD
KD
KD
KD
KD
KD
Balanceas at
30 September
2011
6,711,805
9,646,725
(260,814)
(457,645)
15,640,071
Balanceas at
31 December
2010
6,711,805
9,646,725
88,612
(457.645)
15,989,497
Balanceas at
30 September
2010
6,711,805
9,646,725
519,366
80.019
(457,645)
16,500,270
is.
TREASURY SHARES
(Audited)
30 September
31 December
30 September
2011
2010
2010
Number of shares (shares)
35,869,869
35,869,869
32,289,869
Percentage of issued shares (%)
5.52
7.18
6.46
Market value (Kuwaiti Dinars)
2,223,932
4,232,644
2,809,218
Cost (Kuwaiti Dinars)
18,113,786
18,113,786
17,354,505
12