Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
31 December 2012
290,553
Shares
649,319,770
(64,802,113)
584,517,657
0.50
)15,842,218(
Shares
620,172,229
)59,174,197(
560,998,032
)28.24(
Profit (loss) for the year attributable to equity holders of the Parent Company
Weighted average number of ordinary shares
Less: weighted average number of treasury shares
Weighted average number of shares outstanding
Basic and diluted earning (loss) per share attributable to the equity holders
of the parent company- (fils)
31 December
2012
KD
31 December
2011
KD
The significant methods and assumptions used by valuers in estimating fair value of investment property are stated in note
8.
Valuation of unquoted equity investments
Valuation of unquoted equity investments is normally based on one of the following:
• Recent arm’s length market transactions;
• Current fair value of another instrument that is substantially the same;
• The expected cash flows discounted at current rates applicable for items with similar terms and risk characteristics; or
• Other valuation models.
The determination of the cash flows and discount factors for unquoted equity investments requires significant estimation.
There are a number of investments where this estimation cannot be reliably determined. As a result, these investments are
carried at cost less impairment.
Impairment of trade accounts receivable
An estimate of the collectible amount of trade accounts receivable is made when collection of the full amount is no longer
probable. For individually significant amounts, this estimation is performed on an individual basis. Amounts which are
not individually significant, but which are past due, are assessed collectively and a provision applied according to the
length of time past due, based on historical recovery rates. Any difference between the actual amounts collected in future
periods and the amounts expected will be recognised in the consolidated statement of income.
Impairment of goodwill
The Group tests whether goodwill is impaired at least on an annual basis. This requires an estimation of the value in use
of the cash-generating units to which the goodwill is allocated. Estimating the value in use requires the Group to make an
estimate of the expected future cash flows from the cash-generating unit and also to choose a suitable discount rate in order
to calculate the present value of those cash flows.
6. BASIC AND DILUTED EARNING (LOSS) PER SHARE
Basic and diluted earning (loss) per share is computed by dividing the profit (loss) for the year attributable to the equity
holders of the Parent Company by the weighted average number of shares outstanding during the year less treasury shares.
The following reflects the profit (loss) and share data used in the basic and diluted profit (loss) per share computations:
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