Mazaya Holding_FS_E_Q1_2021

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) MARCH 31, 2021 (All amounts are in Kuwaiti Dinars) 9 6. Basic and diluted earnings (loss) per share Basic earnings (loss) per share: The information necessary to calculate basic earnings (loss) per share based on the weighted average number of shares outstanding during the period is as follows: For the three months ended March 31, 2021 2020 Profit (Loss) for the period attributable to equity holders of the Parent Company 41,649 (3,455,960) Number of shares outstanding: Number of issued shares at beginning of the period 688,278,956 688,278,956 Less: Weighted average number of treasury shares (58,956,569) (60,811,242) Weighted average number of shares outstanding 629,322,387 627,467,714 Basic earnings (loss) per share (Fils) 0.07 (5.51) Diluted earnings (loss) per share: Diluted earnings (loss) per share is calculated adjusting the weighted average number of ordinary shares outstanding to assume allotment of all dilutive potential ordinary shares, and to adjust the profit (loss) for the period with the assumed effect of those potential dilutive shares had they been issued. The information necessary to calculate diluted earnings (loss) per share are as follows: For the three months ended March 31, 2021 2020 Profit (Loss) for the period attributable to equity holders of the Parent Company 41,649 (3,455,960) Weighted average shares adjusted for dilution effect: Weighted average number of shares outstanding used in calculating basic earnings per share 629,322,387 627,467,714 Adjustment for share options - 2,087,000 Weighted average number of shares for diluted earnings per share 629,322,387 629,554,714 Diluted earnings (loss) per share (Fils) 0.07 (5.49) 7. Related party disclosures The Group has entered into various transactions with related parties, i.e. key management personnel, joint venture, entities under common control and other related parties. Prices and terms of payment are to be approved by the Group's management. Significant related party transactions and balances are as follows: Interim condensed consolidated statement of financial position: Key management personnel Other March 31, 2021 December 31, 2020 (Audited) March 31, 2020 Accounts receivable and other debit balances - 363,029 363,029 140,371 4,201 Accounts payable and other credit balances 7,054 378,129 385,183 90,000 19,599 Lease liabilities (a) 3,841,351 - 3,841,351 3,973,687 4,184,394 Amounts due from / to related parties are interest free and are receivable or payable on demand.