Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
31 December 2012
Share of joint venture entity’s statement of financial position
The following amounts are included in the consolidated financial statements as a result of the proportionate consolidation
of Villa:
-
-
-
-
-
-
)242,833(
12,739,199
)3,641,721(
9,097,478
4,548,739
7,625,484
2,396,980
1,198,490
Al Madar Gulf
Limited
KD
Al Wahada Real
Estate Investment
Limited
KD
Asset
Liabilities
Net assets
Group's share of net assets
Revenues
Profit /(loss) for the year
Group's share of results
7,831,654
)3,793,073(
4,038,581
2,018,887
706,530
)4,408,041(
)2,203,580(
17,694,688
)15,188,375(
2,506,313
1,203,030
21,232,601
3,999,087
1,919,562
2012
2011
Al Madar Gulf
Limited
KD
Al Wahada Real
Estate Investment
Limited
KD
2012
KD
2,877,137
997,197
3,385,252
3,110,979
)1,163,695(
Current assets
Non-current assets
Current liabilities
Income
Expenses
2011
KD
3,632,149
10,584,124
4,318,824
26,425,025
(19,779,087)
3,221,917
873,007
2,055,815
174,054
(1,776,054)
-
4,548,739
11,054,413
(284,018)
-
-
(7,411,727)
(136,751)
3,221,917
Carrying amount of the investment in the joint venture
At 1 January
Share of results for the year including impairment
Funds transferred to the joint venture (refer note (iii) above)
Acquisition from another partner (refer note (iv) above)
Disposal (refer note (i) above)
Foreign currency translation adjustments
At 31 December
2012
KD
2011
KD
Movement in investment joint ventures:
42
