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Al Mazaya Holding Company K.S.C. and its Subsidiaries
NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
30 June 2013(UNAUDITED)
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RELATED PARTIES TRANSACTIONS
These represent transactions with related parties, i.e. Subsidiaries, major shareholders, directors and key
management personnel of the Group, and entities controlled, jointly controlled or significantly influenced by
such parties. Pricing policies and terms of these transactions are approved by the Group's management.
Transactions with related parties included in the interim condensed consolidated financial information are as
follows:
Other
Total
Major
related
30June
30 June
shareholders Associates
parties
2013
2012
KD
KD
KD
KD
KD
Consolidated statement of income:
Revenue from sale of properties held for
trading (Note 4)
4,668,299
4,668,299
Net management fees and commission
income
237,349
237,349
230,991
Net rental income
71,179
71,179
136,203
Total
(Audited)
Major
Other related 30June
31 December
30 June
shareholders
Associates
parties
2013
2012
2012
KD
KD
KD
KD
KD
KD
Consolidated statement of
financial position:
Amounts due from related
parties
*
167,157
262,830
502,725
932,712
1,121,759
1,216,564
Amounts due to related
parties
*
(Note 4)
113,064
6,000,000
6,113,064
173,438
2,135,868
Cash and cash equivalents
69,193
69,193
261,952
Other transaction
During the three months period ended 30 June 2013, the Parent Company has entered into a contract with a related
party to purchase an investment property and property held for trading against sale of properties held for trading and
settlement ofloan of the related party. For detail of the transaction refer (note 4).
*
Amounts due from/to related parties are interest free and are receivable on demand or payable on demand.
Key management compensation:
Compensation for board members and other key management member for the period are as follows:
30June
2013
KD
3D
June
2012
KD
Salaries and other short term benefits
Terminal benefits
161,910
28,073
137,677
6,976
189,983
144,653
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