82 / 129
ANNUAL REPORT
2016
Revenue from sale of properties held for trading
Rental income
Net management fees and commission income
REVENUE
Cost of sale of properties held for trading
Cost of rental
COST OF REVENUE
GROSS PROFIT
Net change in fair value of investment properties
Loss on disposal of investment properties
Net gain from business combination
Share of results from joint venture and associate
Net gain on sale of a subsidiary
Gain on disposal of joint venture and an associate
(Provision for) write back of impairment loss on properties held for trading
General and administrative expenses
Net investment income
Other income (expenses)
Finance costs
Foreign exchange gain
Profit for the year before contribution for Board of Directors’
remuneration, Kuwait Foundation for Advancement of Sciences (“KFAS”),
National Labour Support Tax (“NLST”) and Zakat
Board of Directors’ remuneration
KFAS
Zakat
NLST
PROFIT FOR THE YEAR
Attributable to:
Equity holders of the Parent Company
Non- controlling interests
BASIC EARNING PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF
THE PARENT COMPANY
DILUTED EARNING PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS
OF THE PARENT COMPANY
2016
KD
2015
KD
Notes
22
9
6
10,11
32
13
23
25
16
7
7
The attached notes 1 to 32 form part of these consolidated financial statements.
47,814,320
7,112,362
245,543
55,172,225
(39,741,345)
(1,444,129)
(41,185,474)
13,986,751
(965,641)
(303,633)
2,425,221
1,055,072
1,184,979
-
(296,282)
(4,634,002)
741,826
2,422,863
(4,062,517)
230,680
11,785,317
(185,000)
(70,713)
(48,192)
(159,507)
11,321,905
10,253,235
1,068,670
11,321,905
16.51 fils
16.39 fils
53,265,302
6,174,227
378,830
59,818,359
(42,375,649)
(1,300,616)
(43,676,265)
16,142,094
817,386
(12,293)
-
128,125
-
883,165
1,411,010
(4,274,123)
11,413
(1,641,567)
(3,450,440)
6,540
10,021,310
(160,000)
(88,583)
(63,326)
(241,518)
9,467,883
9,319,104
148,779
9,467,883
15.04 fils
15.04 fils
C
onsolidated Statement of Income
AL MAZAYA HOLDING K.S.C.P. AND ITS SUBSIDIARIES
For the year ended 31 December 2016
79