AnnualReport_2016

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ANNUAL REPORT 2016
Notes To The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
As At 31 December 2016
25. OTHER INCOME (EXPENSES)
Included in other income (expenses), KD 3,870,000 (2015: KD 90,000) relating to reversal of provision no longer
required, reversal of provision for doubtful debts of KD 457,837 (2015: provision for doubtful debts of KD 828,176),
provision for legal cases of KD 1,010,000 (2015: KD 1,276,035).
26. SIGNIFICANT NON-CONTROLLING INTEREST
Financial information of the subsidiaries that have material non-controlling interest is provided below:
Proportion of equity interest held by non-controlling interests:
2016
9.58%
10%
9.58%
-
2015
First Dubai Real Estate Development
Company - K.S.C.P.
Ritim Istanbul Insaat Anonim Sirketi (Ritim)
Country of
incorporation
Kuwait
Turkey
Percentage
2016
KD
2016
KD
2015
KD
2015
KD
10,976,071
)9,201,797(
1,774,274
169,975
16,258,006
78,077,506
5,627,238
17,585,738
71,122,536
6,813,539
4,438,415
)1,485,771(
)2,597,677(
354,967
20,542,803
)18,089,425(
2,453,378
245,431
30,084,004
101,483,574
21,739,917
26,109,310
83,718,351
8,073,120
)4,271,429(
)1,485,771(
6,062,287
305,087
8,785,553
)6,787,749(
1,997,804
191,390
50,931,607
48,340,518
11,161,415
19,640,883
68,469,827
6,559,409
2,708,449
)1,321,388(
)1,885,127(
)498,066(
9,566,732
)8,812,173(
754,559
75,456
13,825,998
23,406,068
16,112,679
8,523,572
12,595,815
1,259,582
)8,709,844(
-
8,659,964
)49,880(
Summarised statement of income:
Revenue
Expenses
Profit for the year
Attributable to non-controlling interests
Current assets
Non-current assets
Current liabilities
Non-current liabilities
Total equity
Attributable to:
Non-controlling interests
Operating
Investing
Financing
Net increase (decrease) in cash and
cash balances
Summarised statement of financial position as at 31 December:
Summarised cash flow statement for the year ended 31 December:
First Dubai
KD
First Dubai
KD
Ritim
KD
Ritim
KD
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