Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
36
9. AVAILABLE FOR SALE INVESTMENTS
1,980,122
4,580,179
9,774,316
16,334,617
2,496,543
4,419,702
11,490,663
18,406,908
1,393,094
17,235,067
6,085,331
24,713,492
2011
KD
2010
KD
2009
KD
Quoted:
Equity securities
Unquoted:
Equity securities
Funds & Portfolios
Available for sale investments with a fair value of KD 3,398,445 (31 December 2010: KD 13,340,787, 31 December 2009:
Nil) are pledged against loans disclosed in note 14.
Available for sale investments with a fair value of KD Nil (31 December 2010: 2,525,102, 31 December 2009: Nil) are
pledged against a related party payable disclosed in note 13.
Available for sale investments amounting to KD 702,883 (2010: Nil, 2009: KD 631,575) are carried at cost since the fair
value could not be reliably determined.
Impairment loss on available for sale investments of KD 455,904 (2010: KD 4,156,488, 2009: KD Nil) has been recognized
in the consolidated statement of income.
10. INVESTMENT IN ASSOCIATES
The group exercises significant influence over the operating and financial policies of First Qatar Real Estate Development
K.S.C (closed) through the group’s representation in the BOD of the company. Group also exercises significant influence
over Mazaya Qatar Real Estate Development Q.S.C through management agreement that enables the Group to participate
and influence the company’s operating and financial policies.
Qatar
Kuwait
Jordan
Mazaya Qatar Real Estate Development Q.S.C
First Qatar Real Estate Development
K.S.C.(Closed)
Real Estate Development J.S.C.
6.37
17.54
-
Country of
incorporation
Ownership
Percentage
11,247,105
8,569,475
418,187
(493,477)
(6,129,727)
134,620
-
13,746,183
(482,380)
13,263,803
3,905,889
6,676,330
615,920
48,811
-
-
155
11,247,105
(832,281)
10,414,824
13,746,183
-
670,000
(148,010)
-
-
(193,996)
14,074,177
(505,523)
13,568,654
Balance at the beginning of the year
Transferred from Investment available for sale
Additions
Group’s share of results for the year
Disposal
Dilution gain
Foreign currency translation adjustments
Provision
Balance at the end of the year
2011
KD
2010
KD
2009
KD
