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AL MAZA
y
A HOLDING COMPANY KS.C. AND ITS SUBSIDIARIES
.1lJ
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(UNAUDITED)
MAZ"YA
At 30 September 20 I I
AI~t TOlL\()
(Audited)
30 September
31 December
30 September
2011
2010
2010
Notes
KD
KD
KD
ASSETS
Cash and cash equivalents
5
26,800,695
20,483,961
25,756,837
Accounts receivable and other debit balances
6
17,784,401
9,685,383
12,417,642
Murabaha receivable
1,744,237
2,609,309
2,609.309
Properties held for trading
133,228,607
138,972,881
144,931,156
Available for sale investments
7
16,959,640
18.406.908
28,642,397
Investment in associates
8
12,809,121
13.263.803
4,276,282
Investment in joint ventures
9
3,520,537
11,525.814
11.616.441
Investment properties
10
121,239,148
115,374,019
106.352.310
Property and equipment
160,167
294,720
26,614,402
Leasehold land
1.493,036
1.547.4 70
1.565,814
Goodwill
3,091,732
3,091.732
3,091,732
Total assets
338,831,321
335.256,000
367,874,322
LIABILlTIES AND EQUITY
Liabilities
Bank overdraft
4,923,511
4,971,120
4,996,195
Accounts payable and other credit balances
II
117,133,138
125,823.543
110,458,746
Term loans
40,500,000
42,000.000
45,000,000
Wakala and Murabaha payables
8,500,000
8,500.000
8,500,000
Deferred consideration on acquisition of properties
29,800,245
30.070.031
30.830,841
Provision for end of service indemnity
261.682
257.276
312,563
Total liabilities
201.118.576
21 1.621,970
200.098,345
Equity
Share capital
20
64,931,977
49,947,675
49,947.675
Share premium
79,760,732
75,714.971
75.714,971
Other reserves
12
15,640,071
15.989,497
16,500,270
Fair value reserve
(188,805)
(202.370)
(597,807)
Foreign currency translation reserve
215,180
981.425
1,546,254
(Accumulated losses) / retained earnings
(13,371,288)
(8.609.81 I)
1.546,207
146,987,867
133,821,387
144,657,570
Treasury shares
13
(18,113.786)
(18.113.786)
( 17.354.505)
Equity attributable to shareholders of the Parent
Company
128,874,081
115,707.601
127.303,065
Non-controlling interests
8,838.664
7.926.429
40.472,912
Total equity
137,712.745
123.634,030
167,775.977
Total liabilities and equity
338,83 1,321
335.256,000
367,874.322
Rasheed Y.
Al-Nafisi
Chairman
The accompanying notes set out on pages 8 to 17 form an integral part of this interim condensed consolidated
financial information.
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