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 (All amounts are in Kuwaiti Dinars) OF ACHIEVEMENTS Gross payable amount Less: Unamortized future finance charge Carrying value Tawarruq facilities from local banks carrying average finance cost rate of 2.5% (2018 – 2.5 %) above CBK discount rate Tawarruq facilities from foreign bank carrying average finance cost rate of 5.0644% (2018 – 5.59%) above LIBOR. Musharaka facilities from foreign bank carrying average finance cost rate of 5.75% (2018 – 5.75%). Ijara facilities from foreign banks carrying average finance cost rate 5.75% (2018 5.75%) . Various maturities ended at May 2029 March 2022 March 2031 August 2033 Kuwait Dinars US Dollars Omani Rial UAE Dirhams 4,230,000 726,320 301,719 56,705 5,314,744 81,782,764 2,673,440 6,618,617 793,426 91,868,247 86,012,764 3,399,760 6,920,336 850,131 97,182,991 10,442,756 734,580 187,176 1,865,501 13,230,013 52,546,861 3,397,100 5,920,603 16,500,524 78,365,088 62,989,617 4,131,680 6,107,779 18,366,025 91,595,101 2019 2019 2019 Due date Currency Current Non Current Total 2018 2018 2018 14. Islamic bank facilities These facilities represent tawarruq, ijara and musharaka facilities as follows: 92,259,810 )2,847,286( 89,412,524 69,740,473 )2,619,176( 67,121,297 2019 2018 Tawarruq facilities 8,123,495 )353,028( 7,770,467 25,722,664 )1,248,860( 24,473,804 2019 2018 Ijara & musharaka facilities 100,383,305 )3,200,314( 97,182,991 95,463,137 )3,868,036( 91,595,101 2019 2018 Total