Page 25 - Q3 2024 EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
SEPTEMBER 30, 2024
(All amounts are in Kuwaiti Dinars)

The following table shows an analysis of captions recorded at fair value by level of the fair value hierarchy:

September 30, 2024
Level 2 Level 3 Total
Financial assets at FVTOCI 1,270,715 1,306,838 2,577,553
Investment properties 16,938,024 100,220,721 117,158,745
Total 18,208,739 101,527,559 119,736,298

December 31, 2023 (Audited)
Level 2 Level 3 Total
Financial assets at FVTOCI 1,328,757 2,543,514 3,872,271
Investment properties 29,137,047 105,859,794 134,996,841
Total 30,465,804 108,403,308 138,869,112

September 30, 2023
Level 2 Level 3 Total
Financial assets at FVTPL - 590 590
Financial assets at FVTOCI 1,468,874 4,984,932 6,453,806
Investment properties (a) 35,596,150 106,449,660 142,045,810
Total 37,065,024 111,435,182 148,500,206

a) Investment properties include all properties listed under properties held for sale.

There were no transfers between Levels during the period.

Movements in level 3 assets during the financial period / year are set out below:
Financial assets Financial assets Investment
(“FVTPL”) (“FVTOCI”) properties Total
Balance as at January 1, 2024 - 2,543,514 105,859,794 108,403,308
Additions - - 55,091 55,091
Disposals - - (6,850,000) (6,850,000)
Net transferred from properties, plant, and equipment - - 1,271,002 1,271,002
Gains recognised in consolidated statement of profit -
or loss - 11,490 11,490
Losses recognised in consolidated statement of other
comprehensive income - (1,236,676) (126,656) (1,363,332)
Balance as at 30 September 2024 - 1,306,838 100,220,721 101,527,559

Financial assets Financial assets Investment
(“FVTPL”) (“FVTOCI”) properties Total
Balance as at January 1, 2023 155,971 7,787,909 109,349,804 117,293,684
Additions - - 5,977,387 5,977,387
Disposals (150,708) - (6,444,260) (6,594,968)
Effect of hyperinflation on a subsidiary - - 686,934 686,934
Losses recognised in consolidated statement of profit
or loss (5,263) - (3,729,918) (3,735,181)
(Losses) gains recognised in consolidated statement
of profit or loss - (5,244,395) 19,847 (5,224,548)
Balance as at 31 December 2023 (audited) - 2,543,514 105,859,794 108,403,308

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