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AL MAZAYA HOLDING COMPANY K.S.c. AND ITS SUBSIDIARIES
.1);
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MAlAYA
For the year ended 31 December 2011
-""Ml01MO
11.
INVESTMENT IN JOINT VENTURES (CONTINUED)
Al Wahda
Real Estate
Al Madar
Investment
2010 {Restated}
Gulf Limited
Limited
Seven Zones
KD
KD
KD
Assets
13,737,552
700,515
15,684,192
Liabilities
(5,195,704)
(2,007,565)
(860,738)
Net assets
8,541,848
(1,307,050)
14,823,454
Group's share of net assets
4,270,070
(627,384)
7,411,727
Revenue
4,059,946
(812,162)
Profit / (loss) for the year
484,304
(821,037)
(51,486)
Group's share of results
242,104
(394,098)
(25,743)
Al Wahda
Real Estate
Al Madar
Investment
2009 (Restated}
Gulf Limited
Limited
Seven Zones
KD
KD
KD
Assets
l3,676,194
3,666,007
18,263,786
Liabilities
(4,606,476)
(3,787,190)
(3,741,834)
Net assets
9,069,718
(121,183)
14,521,952
Group's share of net assets
4,534,859
(58,168)
7,260,976
Revenue
4,426,772
(104,481)
18,034
(Loss) / profit for the year
(358,044)
(108,043)
8,510
Group's share of results
(178,986)
(51,861)
4,255
27