Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2013
The summarized financial information of the associates is given as follows:
Investment in associates include quoted associates with a carrying value of KD 4,836,897 (2012: KD 5,557,024) having a
market value of KD 5,549,983 (2012: KD 5,409,789).
Classification of associates where the Group holds less than 20 percent of the voting power of the investee is based on
the existence of significant influence exercised by the Group. This is evidenced by the Group’s management agreement,
participation in policy and decision making process of the investee with sufficient degree for the Group to demonstrate that
it has significant influence over the respective associates.
2013
KD
16,008,513
(2,657,951)
13,350,562
1,770,052
22,819
Parent Company’s share of assets and liabilities:
Assets
Liabilities
Equity
Parent Company’s share revenue and results:
Revenue
Group’s share of profit (loss) for the year
2012
KD
15,595,976
(1,513,912)
14,082,064
1,064,594
(47,299)
43
10. INVESTMENT IN ASSOCIATES
Ownership %
Qatar
Kuwait
4,836,897
8,513,665
13,350,562
Mazaya Qatar Real
Estate Development
Q.S.C
First Qatar Real
Estate Development
K.S.C.(Closed)
2012
KD
2013
KD
2013
Country of
Incorporation
Principal
activities
2012
5,557,024
8,525,040
14,082,064
5.72
17.54
6.37
17.54
Real
estate
services
Real
estate
services
Balance at the beginning of the year
Disposal
Dividend received
Share of results including reversal of impairment
Foreign currency translation adjustments
Balance at the end of the year
2013
KD
14,082,064
(551,458)
(297,880)
22,819
95,017
13,350,562
2012
KD
13,568,654
-
-
458,223
55,187
14,082,064
62
