Mazaya Holding_FS_E_Q1_2021

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2021 (All amounts are in Kuwaiti Dinars) 3 For the three months ended March 31, Note 2021 2020 Revenue: Revenue from sale of properties held for trading 240,669 1,691,985 Rental income 2,464,944 2,487,603 Net management fees and commission income 74,548 161,450 Total revenue 2,780,161 4,341,038 Costs: Cost of sale of properties held for trading (251,743) (1,559,745) Cost of rental (553,632) (460,727) Total costs (805,375) (2,020,472) Gross profit 1,974,786 2,320,566 Impairment loss on properties held for trading - (280,997) Change in fair value of investment properties - (2,068,356) Share of results from an associate - (97,216) Selling and marketing expenses (13,050) (50,400) General and administrative expenses (806,436) (901,434) Operating profit (loss) 1,155,300 (1,077,837) Net loss of financial assets (6,397) (9,682) Net other income (expenses) 5 107,332 (763,729) Amortization of finance costs related to lease liabilities (156,506) (169,294) Finance costs (1,001,958) (1,435,924) Profit (loss) for the period 97,771 (3,456,466) Attributable to: Shareholders of the Parent Company 41,649 (3,455,960) Non-controlling interests 56,122 (506) 97,771 (3,456,466) Basic earning (loss) per share attributable to shareholders of the Parent Company – Fils 6 0.07 (5.51) Diluted earning (loss) per share - attributable to shareholders of the Parent Company – Fils 6 0.07 (5.49) The accompanying notes (1) to (11) form an integral part of the interim consolidated financial information.