Annual report eng.2018

N otes To The Consolidated Financial Statements AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES As At 31 December 2018 125 ANNUAL REPORT 2018 (All amounts are in Kuwaiti Dinars) Term loan from foreign bank carrying fixed interest rate of 5.6% Term loan from foreign bank carrying floating interest rate of 39.65% (2017 – 18%). Term loan from foreign bank carrying fixed interest rate of 16.48% Term loan from foreign bank carrying fixed interest rate of 6.77%. February 2021 Revolving loan February 2020 March 2018 Euro Turkish Lira Turkish Lira USD 617,483 284,156 436,650 - 1,338,289 6,796,937 - 765,785 - 7,562,722 7,414,420 284,156 1,202,435 - 8,901,011 456,099 482,690 242,253 1,111,333 2,292,375 7,152,218 - 1,621,622 - 8,773,840 7,608,317 482,690 1,863,875 1,111,333 11,066,215 2018 2018 2018 Due date Currency Current Non Current Total 2017 2017 2017 Term loans are secured by the following: - Pledge of properties held for trading amounting to KD 2,402,904 (2017 - KD 5,838,250) (Note 6). - Pledge of investment properties with fair value amounting to KD 11,064,768 (2017 – KD 14,615,323) (Note 12). 16. Term Loans