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 117 (All amounts are in Kuwaiti Dinars) ANNUAL REPORT 2019 Term loan from foreign bank carrying fixed interest rate of 5.6% (2018 – 5.6%). Term loan from foreign bank carrying floating interest rate of Nil (2018 – 39.65%). Term loan from foreign bank carrying fixed interest rate of 16.48% (2018 – 16.48%) February 2021 Revolving loan February 2020 Euro Turkish Lira Turkish Lira 1,274,066 - 686,660 1,960,726 5,404,019 - - 5,404,019 6,678,085 - 686,660 7,364,745 617,483 284,156 436,650 1,338,289 6,796,937 - 765,785 7,562,722 7,414,420 284,156 1,202,435 8,901,011 2019 2019 2019 Due date Currency Current Non Current Total 2018 2018 2018 During the year, the Group had refinanced an outstanding ijara payable provided by a foreign bank amounting to AED 189,500,000 (KD 15,694,549) by a new tawarruq facility provided by a local bank. Islamic bank facilities are secured by pledging the following in favor of the lending banks: Term loans are secured by the following: - Pledge of properties held for trading amounting to KD 2,576,648 (2018 - KD 2,402,904) (Note 6). - Pledge of investment properties with fair value amounting to KD 9,600,087 (2018 – KD 11,064,768) (Note 9). 15. Term Loans Investment in shares owned by the parent Company in one of group’s subsidiaries Properties held for trading (Note 6) Financial assets at FVOCI (Note 7) Investment in an associate (Note 8) Investment properties (Note 9) 29,932,376 5,026,033 3,115,718 9,859,742 114,947,635 162,881,504 23,355,000 12,886,490 3,964,805 9,852,650 102,447,177 152,506,122 2019 2018