Page 11 - FS-Q2-2023-EN

AL-MAZAYA HOLDING COMPANY - K.S.C. (PUBLIC)
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED JUNE 30, 2023
(All amounts are in Kuwaiti Dinar)

Equity attributable to shareholders of the Parent Company
Foreign
currency
translation
adjustments
relating to
Foreign currency assets (Accumulated
Statutory Fair value Other translation classified as losses) Retained Non-controlling
Share capital Share premium Treasury shares reserve reserve reserves adjustments held for sale earnings Sub-total interests Total equity
Balance as at January 1, 2023 62,955,982 17,921,560 (1,777) 1,632,430 (6,850,132) 463,988 (14,932,065) 123,564 (9,095,362) 52,218,188 10,918,323 63,136,511
Setting off of accumulated losses (Note 24) - (9,095,362) - - - - - - 9,095,362 - - -
Loss for the period - - - - - - - - (24,824,756) (24,824,756) (14,117) (24,838,873)
Other comprehensive (loss) income for the
period - - - - (1,776,147) - (1,646,465) 22,187,803 - 18,765,191 (90,813) 18,674, 378
¤
Total comprehensive (loss) income for the
period - - - - (1,776,147) - (1,646,465) 22,187,803 (24,824,756) (6,059,565) (104,930) (6,164,495)
Effect of hyperinflation on a subsidiary (Note 7) - - - - - - - - 579,638 579,638 - 579,638
Transferred to foreign currency translation
adjustments relating to assets classified as
held for sale - - - - - - 22,109,018 (22,109,018) - - - -
Purchase of treasury shares - - (692,898) - - - - - - (692,898) - (692,898)
¤
Balance as at June 30, 2023 (Audited) 62,955,982 8,826,198 (694,675) 1,632,430 (8,626,279) 463,988 5,530,488 202,349 (24,245,118) 46,045,363 10,813, 393 56,858,756

Balance as at December 31, 2021 62,955,982 17,921,560 (1,777) 1,632,430 (5,582,249) 573,614 (15,898,912) (7,317) 365,497 61,958,828 14,396,904 76,355,732
Prior years’ adjustments (Note 2) - - - - - - 2,347,603 - 1,056,759 3,404,362 (3,404,362) -
Balance as at January 1, 2022 62,955,982 17,921,560 (1,777) 1,632,430 (5,582,249) 573,614 (13,551,309) (7,317) 1,422,256 65,363,190 10,992,542 76,355,732
Profit for the period - - - - - - - - 414,681 414,681 355,745 770,426
Other comprehensive (loss) income for the
period - - - - (846,090) - (762,280) 237,311 - (1,371,059) 416 (1,370,643)
Total comprehensive (loss) income for the
period - - - - (846,090) - (762,280) 237,311 414,681 (956,378) 356,161 (600,217)
Effect of hyperinflation on a subsidiary - - - - - - - - 1,056,061 1,056,061 - 1,056,061
Effect of partial disposal of a subsidiary - - - - - (109,626) - - - (109,626) 415,897 306,271
Effect of disposal of a subsidiary - - - - - - - - - - (43,891) (43,891)
Balance as at June 30, 2022 62,955,982 17,921,560 (1,777) 1,632,430 (6,428,339) 463,988 (14,313,589) 229,994 2,892,998 65,353, 247 11,720,709 77,073,956
¤

The accompanying notes (1) to (31) form an integral part of the consolidated financial statements.

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