Annual report eng.2019

N otes To The Consolidated Financial Statements AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES As At 31 December 2019 109 (All amounts are in Kuwaiti Dinars) ANNUAL REPORT 2019 3. Cash and cash equivalents The effective interest rate on short term bank deposit is 2.94% (2018 - 2.94%) per annum. This deposit have contractual maturity of less than 90 days (2018 – 90 days). 4. Financial assets at fair value through profit or loss The financial assets above are denominated in the following currencies: Cash on hand and at banks Short term bank deposit Cash at portfolios Less: restricted cash and bank balances Cash and cash equivalents as represented for the consolidated statement of cash flows 4,892,096 5,000,000 10,411 9,902,507 )2,918,303( 6,984,204 3,144,921 4,000,000 24,512 7,169,433 )1,509,470( 5,659,963 2019 2018 Quoted equity securities Unquoted equity securities 48,147 777,853 826,000 - 981,739 981,739 2019 2018 Kuwaiti Dinar Omani Riyal US Dollar 504,360 274,855 46,785 826,000 554,000 278,807 148,932 981,739 2019 2018 5. Accounts receivable and other debit balances Trade receivables (a) Advance payments and other receivables Amounts due from related parties Allowance for expected credit losses (b) 13,137,809 11,945,668 - 25,083,477 )10,475,540( 14,607,937 5,628,471 15,585,548 78,288 21,292,307 )10,649,167( 10,643,140 2019 2018