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AL MAZAY A HOLDING CO.MP ANY K.S.c. AND ITS SUBSIDIARIES
.1;)
INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME
(UNAUDITED)
MAZAYA
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For the period from 1 January to 30 September 2011
Three-month period ended
Nine-month period ended
30 September
30 September
30 September
30 September
2011
2010
2011
2010
INCOME
Notes
KD
KD
KD
KD
Revenue from sale of properties held for
trading
1,663,004
1,222,615
1,698,882
17,791,192
Cost of sale of properties held for
trading
(1,565,414)
(1,068,858)
(2,044,945)
(13,287,525)
Gross (loss) / profit
97,590
153,757
(346,063)
4,503,667
Rental income
233,536
334,969
565,264
471,302
Management fees, commission and
consultancy income
201,323
96,429
587,203
402,370
Net investment income
14
121,258
14,925
233,965
2,546,878
Share of results of associates
8
(58,332)
9,816
(198,347)
(493,476)
Share of results of joint ventures
(135,838)
109,965
(517,586)
(161,183)
Gain on disposal of an associate
546,743
Loss on disposal of a joint venture
9
(l8,061)
Impairment losses on available for sale
investments
(360,866)
(196,717)
(375,507)
(2,545,478)
Dilution gain
134,620
Provision no longer required
349,901
Foreign currency exchange( loss)/gain
(116,542)
91,719
226,538
184,367
Murabaha income
17,586
15,220
75,268
109,923
Interest income
43,797
67,419
103,646
284,657
43,512
697,502
336,320
6,334,291
EXPENSES
Marketing expenses
(25,700)
(21,542)
(90,150)
(135,368)
General and administrative expenses
(414,814)
(718,185)
(1,762,515)
(2,343,092)
Depreciation and amortization
(64,278)
(94,413)
(213,927)
(292,810)
Expenses on completed projects
(23,629)
(4,618)
(55,020)
Professional services fees
(201,599)
(Il I,462)
(218,599)
(236,820)
Finance charges
(863,874)
(603,137)
(2,589,652)
(1,909,915)
Other losses
(167,195)
(318,224)
(196,244)
(46,906)
(1,737,460)
(1,890,592)
(5,075,705)
(5,019,931)
(Loss) / profit for the period
(1,693,948)
(1,193,090)
(4,739,385)
1,314,360
Attributable to:
Equity holders of the Parent Company
(1,629,028)
(1,018,548)
(4,761,477)
1,546,207
Non-controlling interests
(64,920)
(174,542)
22,092
(231,847)
(1,693,948)
(1,193,090)
(4,739,385)
1,314,360
(Loss) / earnings per share
attributable to equity holders of
the Parent Company - Fils
15
(2.66)
(2.18)
(8.29)
3.31
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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