Page 11 - Q4-2024-EN

AL-MAZAYA HOLDING COMPANY - K.S.C. (PUBLIC)

AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2023
(All amounts are in Kuwaiti Dinars)

Attributable to shareholders of the Parent Company
Foreign currencies
translation Retained
Foreign currency adjustments relating earnings Non-
Share Share Treasury Statutory Fair value Other translation to assets classified (accumulated controlling
Capital Premium Shares reserve reserve Reserves adjustments as held for sale losses) Sub-total interests Total equity
Balance as at January 1, 2022 62,955,982 17,921,560 (1,777) 1,632,430 (5,582,249) 573,614 (13,551,309) (7,317) 1,422,256 65,363,190 10,992,542 76,355,732
Loss for the year - - - - - - - - (12,987,151) (12,987,151) (369,335) (13,356,486)
Other comprehensive (loss) income for
the year - - - - (1,267,883) - (1,380,756) 130,881 - (2,517,758) (76,982) (2,594,740)
Total comprehensive (loss) income for
the year - - - - (1,267,883) - (1,380,756) 130,881 (12,987,151) (15,504,909) (446,317) (15,951,226)
Effect of hyperinflation on a subsidiary - - - - - - - - 2,469,533 2,469,533 - 2,469,533
Effect of partial disposal of a
subsidiary - - - - - (109,626) - - - (109,626) 415,989 306,363
Effect of disposal of a subsidiary - - - - - - - - - - (43,891) (43,891)

Balance as at December 31, 2022 62,955,982 17,921,560 (1,777) 1,632,430 (6,850,132) 463,988 (14,932,065) 123,564 (9,095,362) 52,218,188 10,918,323 63,136,511
(Loss) profit for the year - - - - - - - - (26,506,724) (26,506,724) 429,233 (26,077,491)
Other comprehensive (loss) income for
the year - - - - (4,795,190) - (1,739,211) 22,276,782 - 15,742,381 (292,404) 15,449,977
Total comprehensive (loss) income for
the year - - - - (4,795,190) - (1,739,211) 22,276,782 (26,506,724) (10,764,343) 136,829 (10,627,514)
Setting off accumulated losses (Note
25) (14,481,165) (17,921,560) - (937,755) - - - - 33,340,480 - - -
Distribution of dividends as free bonus
shares from treasury shares (Note
25) - - 508,405 (508,405) - - - - - - - -
Effect of hyperinflation on a subsidiary - - - - - - - - 579,638 579,638 - 579,638
Transferred to foreign currency
translation adjustments relating to
assets classified as held for sale - - - - - - 22,109,018 (22,109,018) - - - -
Transferred from foreign currency
translation adjustments relating to
assets classified as held for sale - - - - - - 291,328 (291,328) - - - -
Purchase of treasury shares - - (1,657,736) - - - - - - (1,657,736) - (1,657,736)

Balance as at December 31, 2023 48,474,817 - (1,151,108) 186,270 (11,645,322) 463,988 5,729,070 - (1,681,968) 40,375,747 11,055,152 51,430,899

The accompanying notes from (1) to (32) form an integral part of the consolidated financial statements.

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