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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF FINANCIAL POSITION
(UNAUDITED)
MAZAYA
A1M10Lf.A1J
At 31 March 2012
(Audited)
31 March
31 March
31 December
2011
Notes
2012
2011
(Restated)
ASSETS
KD
KD
KD
Current assets
Cash and cash equivalents
6
20,040,803
23,542,732
16,106,020
Accounts receivable and other debit balances
7
17,654,395
20,576,478
16,806,215
Murabaha receivable
2,609,309
Properties held for trading
105,705,444
107,372,223
115,341,442
143,400,642
151,491,433
150,862,986
Non-current assets
Available for sale investments
8
14,835,475
16,334,617
18,470,588
Investment in associates
9
13,404,973
13,568,654
13,258,399
Investment in joint ventures
3,448,831
3,221,917
10,986,750
Investment properties
10 74,452,909
73,856,672
117,182,126
Property and equipment
160,743
129,703
243,658
Goodwill
3,091,732
3,091,732
3,091,732
109,394,663
110,203,295
163,233,253
Total assets
252,795,305
261,694,728
314,096,239
LIABILITIES AND EQUITY
LIABILITIES
Current liabilities
Accounts payable and other credit balances
Il
28,322,955
36,251,242
43,017,187
Advances from customers
78,988,644
80,451,988
78,566,137
Bank overdraft
2,875,334
2,971,842
5,175,744
Current portion of long term loan
4,500,000
4,500,000
4,500,000
Wakala and Murabaha payables
8,500,000
8,500,000
8,500,000
Deferred consideration on acquisition of properties
3,813,487
3,866,170
29,884,979
127,000,420
136,541,242
169,644,047
Non current liabilities
Term loan
38,000,000
38,000,000
36,000,000
Provision for end of service indemnity
296,135
286,890
266,992
38,296,135
38,286,890
36,266,992
Total liabilities
165,296,555
174,828,132
205,911,039
Equity
Share capital
64,931,977
64,931,977
64,931,977
Share premium
79,760,732
79,760,732
79,760,732
Other reserves
12
15,989,497
15,989,497
15,989,497
Fair value reserve
249,355
327,700
(485,685)
Foreign currency translation reserve
218,875
463,648
557,183
Accumulated losses
(57,154,904)
(58,105,339)
(43,231,061)
103,995,532
103,368,215
117,522,643
Treasury shares
13 (21,788,181)
(21,788,181)
(18,113,786)
Equity attributable to shareholders of the Parent Company
82,207,351
81,580,034
99,408,857
Non-controlling interests
5,291,399
5,286,562
8,776,343
Total equity
87,498,750
86,866,596
108,185,200
Total liabilities and equity
252,795,305
261,694,728
314,096,239
The ,oeom?"
out onpag" 7 to 14forman integral part of this interimconsolidatedfinancial
information,
Rasheed Y. AI-Nafisi - Chairman
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