First Quarter Financial Report 2012

3 / 16

Deloitte. AL-WAHA
Deloitte & Touche
AI-Fahad AI-Wazzan & Co.
AUDITING OFFICE
ALI aWAID RUKHEYES
Ahmed AI-Jaber Street, Sharq
Dar AI-Awadi Complex, Floors 7 & 9
P.O. Box 20174 Safat 13062 or
P.O. Box 23049 Safat 13091
Kuwait
Member of The International Group of Accounting Firms
P.O. Box 27387 Safat
13134 State of Kuwait
Telephone: (965) 22423415/7
22424919
Tel: + 965 22408844,22438060
Fax: + 96522408855, 22452080
Fax : (965) 22422026
Independent Auditors' Report on Review of Consolidated Interim Financial Information
The Board of Directors
Al Mazaya Holding Company K.S.C. (Closed) and its subsidiaries
Introduction
We have reviewed the accompanying consolidated condensed statement of financial position of Al Mazaya Holding
Company K.S.C. (Closed) ("the Parent Company") and its subsidiaries (together referred to as "the Group") at 31
March 2012 and the related consolidated condensed statements of income, comprehensive income, changes in equity
and cash flows for the three-month period then ended. Management is responsible for the preparation and fair
presentation of this consolidated interim fmancial information in accordance with International Financial Reporting
Standard, lAS 34 "Interim Financial Reporting". Our responsibility is to express a conclusion on this consolidated
interim financial information based on our review.
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 consolidated
interim fmancial information consists of making inquiries, primarily of persons responsible for fmancial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than
an audit conducted in accordance with International 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 consolidated
interim financial information is not prepared, in all material respects, in accordance with lAS 34 - Interim Financial
Reporting.
Report on Other Legal and Regulatory Requirements
Furthermore, based on our review, the consolidated interim fmancial information is in agreement with the books of
account of the Parent Company and to the extent of information made available to us, nothing has come to our
attention that causes us to believe that there are contraventions of the Commercial Companies Law of 1960, as
amended, or of the Articles of Association of the Parent Company during the three-month period ended 31 March
2012 that miijve had a material effect on the business of the Group 0' on its fin . I posÜ;o
Jassim Ahmad Al-Fahad
License No. 53-A
14 May 2012