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Al Mazaya Holding Company K.S.C. and its Subsidiaries
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(UNAUDITED)
For the period ended 30 June 2012
Notes
OPERATING ACTIVITIES
Profit for the period
Adjustments for:
Depreciation
Net investment income
Impairment loss on financial assets available for sale
Impairment on properties held for trading
Allowance for doubtful debts
Share of results of associates
Share of results of joint ventures
Loss on sale of a joint venture
~urabahaincome
Interest income
Finance costs
Foreign exchange (loss) gain
Provision for employees'
end of service benefits
6
Working capital adjustments:
Additions to investment properties
Additions to properties held for trading
Proceeds from sale of properties held for trading
Accounts receivable and other debit balances
Accounts payable and other credit balances
Advances from customers
5
6
Cash used in operations
Employees'
end of service benefits paid
Net cash flows used in operating activities
INVESTING ACTIVITIES
Increase (decrease) in restricted cash balances
Purchase of property and equipment
Proceeds from sale of investment in a joint venture
Proceeds from sale of financial assets available for sale
Purchase of financial assets available for sale
Dividends income received
Interest income received
Net cash flows from investing activities
FINANCING ACTIVITIES
Term loans
Finance costs paid
Dividends paid
Net cash flows used in financing activities
NET (DECREASE) INCREASE IN CASHAND CASH EQUIVALENTS
Cash and cash equivalents at the beginning of the period
7
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
7
Six months ended 30 June
(Restated*)
2012
20ll
KD
KD
1,485,307
15,891,879
49,260
149,649
(141,213)
(112,707)
1,610,105
14,641
698,634
1,388
9,264
140,015
(446,993)
474,088
18,061
(57,682)
(72,705)
(59,849)
1,640,118
1,725,778
74,403
(343,080)
48,503
38,937
4,956,071
17,879,730
(665,310)
(534,413)
(5,660,656)
(1,227,245)
4,409,714
(174,455)
15,013,063
(24,664,620)
(15,476,368)
6,282,510
(6,777,157)
(4,200,643)
(2,438,493)
(38,647)
(30,820)
(4,239,290)
(2,469,313)
1,449,377
(2,206,409)
(79,437)
(12,225)
6,000,000
3,312,230
708,438
(2,009,101)
138,915
5,500
72,705
59,849
2,884,689
4,555,153
(1,500,000)
(1,500,000)
(1,640,118)
(1,725,778)
(69,907)
(3,140,118)
(3,295,685)
(4,494,719)
(1,209,845)
11,956,472
3,513,125
7,461,753
2,303,280
*
Certain comparative numbers presented do not correspond to the amounts disclosed in the interim condensed
consolidated financial information for the period ended 30 June 20 Il due to restatement (Note 3).
7
The attached notes 1 to 13 form part of these interim condensed consolidated financial information.