Page 16 - Q1 2024 EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
MARCH 31, 2024
(All amounts are in Kuwaiti Dinars)

The assets and liabilities as at the date of losing control as follows:

MedCell
Medical
Company
Assets:
Cash on hand and at banks 140,560
Accounts receivable and other debit balances 101,560
Inventory 37,314
Investment in an associate 272,400
Plant and equipment 1,668,353
Total assets 2,220,187
Liabilities:
Accounts payable and other credit balances 484,631
Lease liabilities 470,437
Due to related parties 235,529
Provision for end of services indemnity 73,665
Total liabilities 1,264,262
Net assets 955,925
Adjustments 14,112
970,037
Group ownership % 50%
Carrying value 484,048

The associate’s financial statements summarized as follows:

Consolidated financial position summarized as follows:

March 31,
2024
(Unaudited)
Assets 2,254,086
Liabilities 1,382,892
Equity 871,194
Group ownership % 50%
Carrying value 434,726

Consolidated statement of profit or loss and other comprehensive income summarized as follows:

For the three
months ended
March 31,
2024
(Unaudited)
Revenues 771,039
Loss for the period (84,729)
Share of results from associates (42,280)

13