AnnualReport

ANNUAL REPORT

2016

otes To The Consolidated Financial Statements

AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES

As At 31 December 2016

** The gain on remeasurement of previously held equity interest is the net of the fair value of acquirer’s

previously held equity interest of KD 6,189,334, carrying value of KD 3,904,559, foreign currency translation

reserve of KD 625,595 and effect of the upstream/downstream transaction of KD 409,196.

Had the business combinations taken place at the beginning of the year, revenue of the Group and profit

attributable to equity holders of the Parent Company, would have been higher by KD 29 million and KD 1.4

million, respectively.

7. BASIC AND DILUTED EARNING PER SHARE

Basic:

Basic earnings per share is computed by dividing the profit for the period attributable to the equity holders

of the Parent Company by the weighted average number of ordinary shares outstanding during the year less

weighted average numbers of treasury shares.

Diluted:

Diluted earnings per share is calculated by dividing the profit for the period attributable to the equity holders

of the Parent Company by the weighted average number of shares outstanding plus the weighted average

number of ordinary shares that would be issued on the conversion of all employees stock options. The Parent

Company has outstanding share options, issued under the share based payment transaction, which have a

dilutive effect on earnings.

10,253,235

688,278,956

)67,272,742(

621,006,214

16.51

621,006,214

4,429,914

625,436,128

16.39

688,278,956

)68,690,479(

619,588,477

15.04

619,588,477

15.04

9,319,104

2016

Shares

Shares

Profit for the year attributable to equity holders of the Parent Company

Weighted average number of ordinary shares

Less: weighted average number of treasury shares

Weighted average number of shares outstanding adjusted for treasury shares

Basic earnings per share attributable to the equity holders of the Parent

Company (fils)

Profit for the year attributable to equity holders of the Parent Company

Weighted average number of shares outstanding

Add: effect of share options on issue

Weighted average number of shares outstanding adjusted for the effect of dilution

Diluted earnings per share attributable to the equity holders of the Parent

Company (fils)

2015

106