Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
31 December 2012
Compensation for board members and other key management member for the year are as follows:
-
231,733
-
714,082
-
-
714,082
231,733
-
405,725
254,253
47,586
Consolidated statement of income:
Net management fees and commission income
Net rental income
Finance costs
Major
shareholders
KD
Associates
KD
2012
KD
2011
KD
* Amounts due from related parties are interest free and are receivable on demand.
** Amounts due to related parties carry interest at nil% (2011: 5.3%) and are payable on demand.
2012
KD
303,035
16,096
319,131
Key management compensation:
Salaries and other short term benefits
Terminal benefits
2011
KD
287,301
13,962
301,263
141,921
173,438
261,952
487,772
-
-
1,121,759
173,438
261,952
4,796,836
6,365,991
375,523
Consolidated statement of
financial position:
Amounts due from related parties *
Amounts due to related parties **
Cash and cash equivalents
Major
shareholders
KD
Other related
parties
KD
Associates
KD
2012
KD
2011
KD
492,066
-
-
24. RELATED PARTIES TRANSACTIONS
These represent transactions with related parties, i.e. Subsidiaries, shareholders, directors and key management personnel
of the Group, and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and
terms of these transactions are approved by the Group’s management.
Transactions with related parties included in the consolidated financial statement are as follows:
50
