6 / 16
Al Mazaya Holding Company K.S.C. and its Subsidiaries
INTERIM CONDENSED CONSOLIDA TED STATEMENT OF FINANCIAL
POSITION (UNAUDITED)
At 30 June 2012
(Audited)
(Restated+)
30June
3/ December
[û
June
2012
201/
201/
Notes
KD
KD
KD
ASSETS
Non-current
assets
Goodwill
3,091,732
3.091.732
3,091,732
Property and equipment
159,880
129,703
193,386
Investment properties
5
74,757,501
73,856,672
117,412,152
Investment in joint ventures
3,689,211
3,221.917
3,075,071
Investment in associates
13,590,388
13,568,654
12.842,187
Financial assets available for sale
]3,300,250
16.334,617
18,267,242
]08,588,962
110,203.295
154,881,770
Current assets
Properties held for trading
6
102,026,600
107,372.223
75.232.865
Accounts receivable and other debit balances
11,]91,776
20,576,478
21.182,364
Cash and cash equivalents
7
]7,592,093
23,542,732
21,541,153
130,8] 0,469
151,491,433
117,956,382
Total assets
239,399,43]
261.694,728
272,838,152
EQUITY AND LIABILITIES
Equity
Share capital
64,931,977
64,931,977
64,931,977
Share premium
8
21,655,393
79.760,732
79,760,732
Statutory reserve
9,646,725
9,646,725
9,646,725
Voluntary reserve
6,711,805
6,711,805
6,711.805
Effect of changes in subsidiary's equity
88,612
88,612
(260,814)
Effect of changes in subsidiary's treasury shares
(457,645)
(457.645)
(457,645)
Fair value reserve
195,382
327.700
185,282
Treasury shares
9
(21,788,181)
(21,788,181)
(18,113,786)
Foreign currency translation reserve
578,379
463.648
2,156
Retained earnings / (accumulated losses)
8
1,596,891
(58,105,339)
(26,458,254)
Equity attributable to equity holders of the Parent Company
83,159,338
81,580.034
115.948,178
Non-controlling interests
5,]78,422
5.286.562
8,913,830
Total equity
88,337,760
86,866.596
124.862,008
Liabilities
Non-current
liabilities
Employee's end of service benefits
296,746
286.890
265,393
Term loans
10
38,000,000
38.000,000
36,000,000
38,296,746
38.286,890
36,265,393
Current liabilities
Deferred consideration on acquisition of properties
3,846,968
3,866,170
29.729,146
Wakala and murababa payables
8,500,000
8,500,000
8.500,000
Term loans
10
3,000,000
4,500.000
4.500,000
Advances from customers
73,674,831
80,451,988
18,163,20 I
Accounts payable and other credit balances
20,777,827
36.251,242
45,786,656
Bank overdrafts
7
2,965,299
2,971.842
5,031,748
112,764,925
136,541.242
111.710.751
Total liabilities
151,061,67]
174,828,132
147,976,144
TOTAL LIABILITIES AND EQUITY
239,399,431
261,694,728
272,838,152
*
Certain comparative numbers presented do not correspond to the amounts disclosed
in
the condensed consolidated financial statements for
the period ended 30 June 20 Il due to restatement (Note 3).
Rasheed Y
Chairman
The attached notes 1 to 13 form part of these interim condensed consolidated financial information.
5