Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2013
30.2 Liquidity risk
Liquidity risk is the risk that the Group will be unable to meet its liabilities when they fall due. To limit this risk, management
has arranged diversified funding sources, manages assets with liquidity in mind, and monitors liquidity on a daily basis.
The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank
deposits and loans.
The table below summarises the maturity profile of the Group’s financial liabilities based on contractual undiscounted
repayment obligations. The liquidity profile of financial liabilities reflects the projected cash flows which includes future
interest payments over the life of these financial liabilities.
31 December 2013
3,408,300
2,688,438
7,566,055
3,021,238
16,684,031
4,219,837
7,547,813
2,554,012
-
14,321,662
26,380,112
26,377,189
12,523,867
3,021,238
68,302,406
18,751,975
16,140,938
2,403,800
-
37,296,713
Tawarruq payable
Term loans
Accounts payable and other credit balances
Bank overdraft
Total undiscounted liabilities
Within 1 year
KD
1 - 2 years
KD
2 - 5 years
KD
Total
KD
3,555,492
4,444,365
17,777,462
9,777,605
Capital commitments
Within 1 year
KD
1 - 2 years
KD
2 - 5 years
KD
Total
KD
Commitments
31 December 2012
9,040,000
9,225,000
1,022,483
-
3,120,435
22,407,918
-
9,300,000
3,180,783
3,947,108
-
16,427,891
9,040,000
44,625,000
17,443,352
3,947,108
3,120,435
78,175,895
-
26,100,000
13,240,086
-
-
39,340,086
Wakala and murabaha payables
Term loans
Accounts payable and other credit balances
Deferred consideration on acquisition of
properties
Bank overdraft
Total undiscounted liabilities
Within 1 year
KD
1 - 2 years
KD
2 - 5 years
KD
Total
KD
2,933,113
3,666,391
14,665,565
8,066,061
Capital commitments
Within 1 year
KD
1 - 2 years
KD
2 - 5 years
KD
Total
KD
Commitments
56
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