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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
14. ACCOUNTS RECEIVABLE AND OTHER DEBIT BALANCES
15. CASH AND BANK BALANCES
Gross amount due amounting to KD 13,155,345 (2015: KD 4,926,471) were impaired with a provision of
KD 1,342,833 (2015: KD 1,800,670). The movement in provision allowance during the year is as follows:
Restricted bank balances represent escrow accounts restricted for receiving and making payments for specific
construction activity and these may not be available for use within 90 days.
Trade receivables
Advance payments
Amounts due from related parties (Note 24)
Other receivables
Provision for doubtful debts
Cash in hand and at banks
Cash in portfolios
Restricted bank balances
Allowance for impairment of receivables movement:
Balance at the beginning of the year
Charged during the year
Reversal during the year
Balance at the end of the year
13,155,345
4,119,062
16,356
1,490,488
18,781,251
)1,342,833(
17,438,418
9,796,605
388,847
10,185,452
)4,161,562(
6,023,890
1,800,670
154,490
)612,327(
1,342,833
4,926,471
4,193,573
1,539,780
1,164,030
11,823,854
)1,800,670(
10,023,184
11,964,716
8,482
11,973,198
)10,042,215(
1,930,983
972,494
828,176
-
1,800,670
2016
KD
2016
KD
2016
KD
2015
KD
2015
KD
2015
KD
111