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AL-MAZAYA HOLDING COMPANY - K.S.C. (PUBLIC) AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2023
(All amounts are in Kuwaiti Dinar)

Six months period ended June 30, 2022
Revenue from sale
of properties held Rental Medical services
for trading Income income Total
Continuing operations:
State of Kuwait - 3,819,542 1,163,527 4,983,069
United Arab Emirates 571,229 965,286 - 1,536,515
Oman - 63,309 - 63,309
Bahrain - 182,019 - 182,019
571,229 5,030,156 1,163,527 6,764,912
Discontinued operations:
Kingdom of Saudi Arabia - 370,501 - 370,501
Turkey - 98,672 - 98,672
- 469,173 - 469,173
Total 571,229 5,499,329 1,163,527 7,234,085

20. Net (loss) gain on financial assets
For the three months ended For the six months ended
June 30, June 30,
2023 2023
(Audited) 2022 (Audited) 2022
Dividend income 12,242 58,094 12,242 58,094
Realized gain from sale of of financial assets at FVTPL 1,251 - 603 -
Unrealized loss from changes in fair value of financial
assets at FVTPL (4,705) (18,986) (9,323) (16,000)
Portfolios’ management fees (10,028) (14,553) (20,305) (34,353)
(1,240) 24,555 (16,783) 7,741

21. Net other expenses
This caption includes allowance for expected credit losses for trade receivable amounting to KD 245,242 (June 30,
2022 – KD 97,801), In addition to provisions no longer required amounting to KD 69,307 (June 30, 2022 – KD 106,351),
this caption includes also net current and deferred taxes for the Parent Company’s subsidiaries amounting to KD 63,297
(June 30, 2022 – KD 88,244). This caption also includes provisions for legal claims amounting to KD 498,977 (June
30, 2022 – KD Nil) that was recognized during the period which includes mainly a provision amounted KD 462,088
(June 30, 2022 – KD Nil) against a legal claim as referred to in (Note 26).

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