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N
otes To The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
As At 31 December 2016
ANNUAL REPORT
2016
12. FINANCIAL ASSETS AVAILABLE-FOR-SALE
Financial assets available-for-sale investments with a fair value of KD 6,081,296 (2015: KD 6,377,658) are
collateralised against certain tawarruq payable (Note 19).
Certain unquoted equity shares amounting to KD 1,863,879 (2015: 1,952,600) are carried at cost, less impairment,
if any, due to the non-availability of reliable measures of their fair values. Management has performed a review of
its unquoted equity investments to assess whether impairment has occurred in the value of these investments and
recorded an impairment loss of KD 76,000 (2015: KD 38,349) in the consolidated statement of income. Based on
the latest available financial information, management is of the view that no further impairment loss is required
as at 31 December 2016 in respect of these investments. Impairment loss of KD 148,672 (2015: KD 16,598) is
recorded in consolidated statement of income on funds and managed portfolios.
Movement in the carrying amount of investment in an associate is as follows:
Assets
Liabilities
Equity
Proportion of the Group’s ownership
Carrying value of the investment
Share of associates’ results for the year:
Revenues
Profit for the year
Group›s share of profit for the year
Quoted:
Equity securities
Unquoted:
Equity securities
Funds and managed portfolios
69,813,134
)16,490,198(
53,322,936
17.54%
9,352,843
75,045
12,925
2,267
60,013
2,236,178
6,830,769
9,126,960
54,719,143
)1,737,319(
52,981,824
17.54%
9,293,012
1,475,604
861,790
151,158
2,022,930
1,952,600
7,146,012
11,121,542
2016
KD
2016
KD
2015
KD
2015
KD
109