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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
INTERIM CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
For the period from 1 January to 31 March 2012
6.
CASH AND CASH EQUIVALENTS
31 March
2012
(Audited)
31 December
2011
31 March
2011
KD
7,027,727
11,930,192
1,082,884
KD
16,652,549
5,476,413
1,413,770
KD
14,543,157
1,503,272
59,591
Cash on hand and at banks
Short term bank deposits
Cash in investment portfolios
23,542,732
(8,614,418)
14,928,314
16,106,020
(11,744,885)
4,361,135
Restricted bank balances
Cash and cash equivalents
20,040,803
(7,325,719)
12,715,084
The average effective interest rate on short term bank deposits was 1.25% (31 December 20 II: 1.4% and 31 March
2011: 1.75%) per annum. These deposits have an average maturity of 78 days (31 December 2011: 66 days and 31
March2011: 51 days).
7.
ACCOUNTS RECEIVABLE AND OTHE DEBIT BALANCES
(Audited)
31 March
31 December
31 March
2012
2011
2011
KD
KD
KD
Trade receivables
20,735,934
23,080,193
8,256,247
Advance payments
1,209,871
1,188,496
2,969,589
Advance for investments
975,827
975,827
Due from related parties
4,102,596
4,796,836
4,157,825
Staff receivables
22,253
8,410
13,857
Other receivables
739,424
976,393
2,368,151
27,785,905
31,026,155
17,765,669
Allowance for doubtful debts
(10,131,510)
(10,449,677)
(959,454)
17,654,395
20,576,478
16,806,215
8.
AVAILABLE FOR SALE INVESTMENTS
(Audited)
31 March
31 December
31 March
2012
2011
2011
Quoted:
KD
KD
KD
Equity securities
2,050,961
1,980,122
2,352,928
Unquoted:
Equity securities
4,580,180
4,580,179
4,419,702
Funds & Portfolios
8,204,334
9,774,316
11,697,958
14,835,475
16,334,617
18,470,588
Available for sale investments with a fair value ofKD 3,418,862 (31 December 2011: KD 3,398,445, 31 March
2011: 13,340,787) are pledged against term loans.
Available for sale investments amounting to KD 702,883 (31 December 20 Il: 702,883, 31 March 20 Il: KD Nil)
are carried at cost since the fair value could not be reliably determined.
Impairment loss on available for sale investments ofKD 53,162 (31 December 2011: KD 455,904,31 March
2011: KD 74,981) has been recognized in the consolidated condensed statement of income.
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