Page 11 - Q3 2024 EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30, 2024
(All amounts are in Kuwaiti Dinars)

For the nine months ended
September 30
2023
Notes 2024 (Restated)
Cash flows from financing activities:
Lease liabilities paid (2,910,034) (2,117,236)
Net movement in Islamic bank facilities (10,800,845) (18,061,928)
Purchase of treasury shares (1,743,317) (1,099,994)
Finance costs paid (3,188,877) (4,195,099)
Net cash flows used in financing activities (18,643,073) (25,474,257)

Net increase in cash and cash equivalents 3,349,161 9,816,543
Foreign currency translation adjustments (268,844) (121,821)
Cash on hand and at banks relating to assets classified as held for sale - (749,383)
Cash related to disposed subsidiaries 6 (140,560) (108,754)
Cash and cash equivalent at the beginning of the period 4 3,056,489 5,774,968
Cash and cash equivalent at the end of the period 4 5,996,246 14,611,553

Non-cash transactions:
Accounts receivable and other debit balances 5 (150,000) -
Advances to purchase properties - (8,260,019)
Additions on investment properties - (8,610,901)
Disposal of investment properties 5 6,850,000 16,870,920
Accounts payable and other credit balances 5 (3,825,000) -
Islamic bank facilities 5 (4,000,000) -
Settlement of the termination of a subsidiary’s sale 5 1,125,000 -
- -

The accompanying notes (1) to (16) form an integral part of the interim consolidated financial information.

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