Second Quarter Financial Report 2012 June

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l111111 Ë!I ERNST & YOUNG
AL-WAHA
AUDITING OFFICE
ALI OWAID RUKHAEYES
Ernst & Young
AI Aiban, AI Osaimi & Partners
P.O. Box 74 Salat
13001 Salat, Kuwait
Bailak Tower, 18-21st rlOOI
Salai Square
Ahmed AI Jaber Street
Tel: 22452880/295 5000
Fax: 22456419
Email:
Member of The International Accounting Group
P.O. Box 27387 Safat
13134 - State of Kuwait
Telephone: (965) 2423415
Facsimile: (965) 2423417
REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED
FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF AL MAZAYA
HOLDING COMPANY K.S.C.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial
position of Al Mazaya Holding Company K.S.C. (Closed) (the "Parent Company") and its
subsidiaries (collectively the "Group") as at 30 June 2012, and the interim condensed
consolidated statement of income and the interim condensed consolidated statement of
comprehensive income for the three month and six month periods then ended, and the interim
condensed consolidated statement of changes in equity and the interim condensed
consolidated statement of cash flows for the six month period then ended. The management
of the Parent Company is responsible for the preparation and presentation of this interim
condensed consolidated financial information in accordance with International Accounting
Standard (lAS): 34 Interim Financial Reporting ("lAS 34"). Our responsibility is to express a
conclusion on this interim condensed consolidated financial information based on our review.
The consolidated financial statements of the Group for the year ended 31 December 2011 and
the interim condensed consolidated financial information for the period ended 30 June 2011
were audited/reviewed by another auditor who expressed an unmodified opinion/conclusion
on those statements/information on 28 March 2012 and 14 August 2011 respectively.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements
2410, "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity." A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other
review procedures. A review is substantially less in scope than an audit conducted in
accordance with lnternational Standards on Auditing and consequently does not enable us to
obtain assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the
accompanying interim condensed consolidated financial information is not prepared, in all
material respects, in accordance with lAS 34.