Page 13 - FS-Q2-2023-EN

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

For the six months ended
June 30,
2023
(Audited) 2022
Net increase (decrease) in cash and cash equivalents 1,911,453 (2,018,891)
Cash on hand and at banks relating to assets classified as held for sale (Note 7-a) (413,023) (132,592)
Cash on hand and at banks related to disposed subsidiaries (108,754) (139,269)
Foreign currency translation adjustments (231,964) 28,126
Cash and cash equivalents at the beginning of the period (Note 3) 5,774,968 6,412,811
Cash and cash equivalents at the end of the period (Note 3) 6,932,680 4,150,185

Non-cash transactions:
Accounts receivable and other debit balances - (200,000)
Advances to purchase properties (8,260,019) -
Property, plant and equipment - (152,031)
Additions on investment properties (8,610,901) (18,163,376)
Disposal of investment properties 16,870,920 -
Accounts payable and other credit balances - 3,527,031
Islamic bank facilities - 6,000,000
Lease liabilities - 8,788,376
Disposal of a subsidiary - 200,000
- -

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

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