Mazaya_FS_E Q4. 20

AL-MAZAYA HOLDING COMPANY - K.S.C. (PUBLIC) AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2020 (All amounts are in Kuwaiti Dinars) 41 The Annual General Meeting of the Shareholders held on April 8, 2019, has approved to transfer the voluntary reserve balance amounted to KD 11,010,499 to retained earnings (Note 25). 19. Non - controlling interests which are material to the Group Subsidiaries with major non - controlling interests which are material to the Group is as follows: Name of subsidiary Country of incorporation Principal Activities Ownership percentage held by the NCI Carrying value for NCI in an a subsidiary 2020 2019 2020 2019 First Dubai Real Estate Development Management K.S.C.P State of Kuwait Real Estate Development 10.09% 10.09% 9,092,572 9,127,340 Summarized financial information for each subsidiary that has non-controlling interests that are material to the Group: First Dubai Real Estate Development Management K.S.C.P Summarized consolidated statement of financial position 2020 2019 Current assets 12,451,018 13,438,253 Current liabilities (846,325) (989,893) Total net current assets 11,604,693 12,448,360 Non-current assets 85,539,530 86,445,488 Non-current liabilities (7,029,575) (8,434,580) Total net non-current assets 78,509,955 78,010,908 Net assets 90,114,688 90,459,268 Ownership interest held by the NCI 10.09% 10.09% Non-controlling interests 9,092,572 9,127,340 Summarized consolidated statement of profit or loss and other comprehensive income 2020 2019 Profit for the year 295,010 1,178,373 Other comprehensive (loss) income (675,971) 2,105,020 Total comprehensive (loss) income (380,961) 3,283,393 Total comprehensive (loss) income attributable to NCI (38,439) 331,294 20. Revenue The Group’s revenue disaggregated by primary geographical markets is as follows: 2020 Revenue from sale of properties held for trading Rental income Total State of Kuwait - 5,751,009 5,751,009 United Arab Emirates 7,778,998 1,969,313 9,748,311 Kingdom of Saudi Arabia - 786,093 786,093 Oman 128,307 206,982 335,289 Turkey 1,999,234 269,141 2,268,375 Bahrain - 386,035 386,035 Total 9,906,539 9,368,573 19,275,112