AnnualReport_2016

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Notes To The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
As At 31 December 2016
ANNUAL REPORT 2016
Number of shares
Percentage of issued shares (%)
Market value (KD)
Number of shares (numbers)
Cost (KD)
Market value (KD)
18. TREASURY SHARES
19. TAWARRUQAND IJARA PAYABLE
67,185,771
9.76
7,256,063
24,185,000
7,671,327
2,611,980
68,690,479
9.98
7,006,429
34,185,000
11,493,899
3,486,870
2016
2016
2015
2015
One of the Group’s subsidiaries had pledged shares of the Parent Company, included in treasury shares above
against tawarruq payable amounting to KD 2,466,870 (2015: KD 1,914,408) (Note 19) as detailed below:
Reserves (share premium and a part of voluntary reserve) of the Parent Company equivalent to the cost of
treasury shares have been earmarked as non-distributable.
2016
KD
2016
KD
2015
KD
2015
KD
58,088,667
18,753,945
76,842,612
60,771,791
19,594,655
80,366,446
66,731,206
(8,642,539)
58,088,667
48,896,174
9,192,493
58,088,667
22,250,721
(3,496,776)
18,753,945
17,626,797
1,127,148
18,753,945
Tawarruq payable
Ijara payable
a) Tawarruq payable:
Gross amount
Less: deferred profit payable
Non- current
Current
b) Ijara payable
Gross amount
Less: deferred profit payable
Non-current
Current
70,999,066
(10,227,275)
60,771,791
53,426,809
7,344,982
60,771,791
24,159,762
(4,565,107)
19,594,655
18,560,093
1,034,562
19,594,655
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