Page 17 - FS-EN-Q2-30-06-2022

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
JUNE 30, 2022
(All amounts are in Kuwaiti Dinars)

Transactions included in the interim condensed consolidated statement of profit or loss:
For the six months ended
Key June 30,
management
personnel 2022 2021
Rental income 4,308 4,308 1,436
Amortization of finance costs related to lease liabilities (85,468) (85,468) (94,256)

a) The amounts recognized for this lease liability montioned above as at June 30, 2022 that compose part of the Groups’
consolidated lease liabilities can be presented as follows:
June 30, June 30,
2022 2021
Lease liability within one year 540,000 540,000
Remaining liability till end of lease term 3,483,000 4,023,000
Total lease liability 4,023,000 4,563,000
Less: Unamortized future finance charge (634,673) (810,057)
Present value of minimum lease payments 3,388,327 3,752,943

Compensation to key management personnel:
For the three months ended For the six months ended
June 30, June 30,
2022 2021 2022 2021
Short term benefits 144,341 137,454 287,395 275,858
Terminal benefits 15,293 14,621 30,450 29,325
159,634 152,075 317,845 305,183

During the period ended June 30, 2021, some employees exercised their share options with 606,844 shares, and these
shares were issued from treasury shares held with the Group aginst setting off the full balance of employees’ share option
plan reserve and part of statutory reserve in accordance with Capital Market Authority guidelines.

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