Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
31 December 2012
49
Due to related parties balance as of 31 December 2011 included a loan provided by a related party bearing an interest rate
of 5.3% per annum. This loan was secured against an investment available for sale and has been repaid during the year.
22. NET MANAGEMENT FEES AND COMMISSION INCOME
2012
KD
8,018,974
173,438
5,221,208
802,891
194,719
3,032,122
17,443,352
Trade payables
Amounts due to related parties (note 24)
Retentions payable
Accrued development costs
Dividends payable
Other payables and accrued expenses
2011
KD
17,863,481
6,365,991
7,577,199
2,255,185
656,214
1,613,142
36,331,212
2012
KD
1,503,682
(146,985)
1,356,697
Management fees and commission income
Cost of management fees and commission
income
2011
KD
1,234,150
(21,381)
1,212,769
23. NET INVESTMENT LOSS
96,031
138,915
)2,767,082(
)2,532,136(
308,794
100,000
)455,904(
)47,110(
Realized gain on disposal of available for sale investments
Dividend income
Impairment loss on financial assets available for sale (note 11)
2011
KD
2012
KD
In the previous year, adjustments represent a transfer of KD 24,205,675 to investments properties as explained in note 8
and a transfer of KD 1,507,023 to accounts payable and other credit balances.
21. ACCOUNTS PAYABLE AND OTHER LIABILITIES
