13 / 16
Al Mazaya Holding Company K.S.C. and its Subsidiaries
NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
At 30 June 2012
9
TREASURY SHARES
(Audited)
30June
31 December
30June
2012
2011
2011
KD
KD
KD
Number of shares
64,802,113
64,802,113
35,869,869
Percentage of issued shares (%)
9.98%
9.98%
5.52%
Market value (KD)
4,406,544
4,017,731
2,690,240
10
TERM LOANS
(Audited)
30June
31 December
30 June
2012
2011
2011
Current
3,000,000
4,500,000
4,500,000
Non-current
38,000,000
38,000,000
36,000,000
41,000,000
42,500,000
40,500,000
During the year ended 31 December 2011, the Group rescheduled its' long term loans through renegotiation with a
local bank. The rescheduling terms require the Group to repay the loan in sixteen equal quarterly instalments
between 2012 and 2016 at an approximately similar interest rate. The average effective interest rate on the term
loans is 5.8% (2011: 5.63%).
Certain assets with carrying value ofKD 52,377,828 (31 December 2011: KD 53,076,462 and 30 June 2011:
KD 42,559,982) were collateralized against the term loans (Note 5
&
6).
11
RELATED PARTIES TRANSACTIONS
These represent transactions with related parties, i.e. Subsidiaries, shareholders, directors and key management
personnel of the Group, and entities controlled, jointly controlled or significantly influenced by such parties.
Pricing policies and terms of these transactions are approved by the Group's management.
Transactions with related parties included in the consolidated financial statements are as follows:
Interim condensed consolidated
statement of financial position:
Amounts due from related parties
*
Amounts due to related parties
*
Other
(Audited)
Major
related
30June
31 December
30June
shareholders
parties
2012
2011
2011
KD
KD
KD
KD
KD
136,203
136,203
254,253
68,680
230,991
230,991
405,725
4,643
Other
(Audited)
(Restated)
Major
related
30June
31 December
30June
shareholders
parties
2012
2011
2011
KD
KD
KD
KD
KD
837,140
379,424
1,216,564
4,796,836
1,243,293
387,540
1,748,328 2,135,868
6,365,991
3,653,585
12
Interim condensed consolidated
statement of income:
Rental income
Net management fees and
commission income