Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2013
53
28. CAPITAL COMMITMENTS
The Group has agreed construction contracts with third parties and is consequently committed to future capital expenditure
in respect of properties under construction amounting to KD 17,777,462 (31 December 2012: KD 14,665,565).
29. FAIR VALUES MEASUREMENT
Financial instruments comprise financial assets and financial liabilities
The fair value of financial assets and financial liabilities that are not carried at fair value is not materially different from
their carrying amounts
The methodologies and assumptions used to determine fair values of assets is described in fair value section of Note 4:
Significant Accounting Policies.
Financial instruments
The Group held the following financial instruments available for sale fair valued at the reporting date in the consolidated
statement of financial position:
The following table shows a reconciliation of the opening and closing amount of level 3 assets which are recorded at fair
value:
)134,363(
)86,418(
At 1 January
2013
KD
Gain (loss)
recorded in the
consolidated
statement of
income
KD
Financial assets available for sale:
Equity securities
Funds and managed portfolio
Gain recorded
in other
comprehensive
income
KD
Net
purchases,
sales and
settlements
KD
At
31 December
2013
KD
29,346
)125,575(
2,555,187
7,606,660
115,630
83,448
2,565,811
7,478,115
-
)1,567,200(
At 1 January
2012
KD
Loss
recorded in the
consolidated
statement of
income
KD
Loss recorded
in other
comprehensive
income
KD
Net
purchases,
sales and
settlements
KD
At
31 December
2012
KD
)1,841,188(
)570,094(
4,626,679
9,774,316
)230,304(
)30,362(
2,555,187
7,606,660
2013
2012
12,750,873
12,894,223
Level 1
KD
Level 1
KD
Level 2
KD
Level 2
KD
Financial assets available for sale
Financial assets available for sale
Level 3
KD
Level 3
KD
Total
KD
Total
KD
-
-
2,706,947
2,732,376
10,043,926
10,161,847
Financial assets available for sale:
Equity securities
Funds and managed portfolio
73
