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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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CAPITAL COMMITMENTS
The Group has agreed construction contracts with third parties and is consequently committed to future capital expenditure in
respect of properties under construction amounting to KD 26,093,205 (31 December 2012: KD 14,665,565 and 30 June
2012: KD 23,952,803).
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FAIR VALUES OF FINANCIAL INSTRUMENTS
Financial instruments comprise financial assets and financial liabilities
The fair value of financial assets and financial liabilities not carried at fair value are not materially different from their
carrying value.
The Group uses the following hierarchy for determining and disclosing the fair values of financial instruments by
valuation technique:
Levell: quoted (unadjusted) prices in an active market for identical assets and liabilities;
Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable,
either directly or indirectly; and
Level 3: other techniques which use inputs which have a significant effect on the recorded fair value are not based on
observable market data.
Based on the above the financial instruments carried at fair value are classified as follows:
Level J
Level3
Total
KD
KD
KD
30
June
2013
Financial assets available for sale
2,377,941
9,798,387
12,176,328
31 December 2012
Financial assets available for sale
2,732,376
10,161,847
12,894,223
30 June 2012
Financial assets available for sale
2,233,850
11,066,400
13,300,250
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