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ANNUAL REPORT
2015
Notes to The Consolidated Financial Statement
AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
31 December 2015
9,319,104
Shares
688,278,956
(68,690,479)
619,588,477
15.04
8,086,345
Shares
688,278,956
(68,690,479)
619,588,477
13.05
Profit for the year attributable to equity holders of the Parent Company
Weighted average number of ordinary shares
Less: weighted average number of treasury shares
Weighted average number of shares outstanding
Basic and diluted earnings per share attributable to the equity holders
of the parent company- (fils)
2015
KD
2014
KD
7. GOODWILL
Goodwill represents excess of consideration paid for acquisition of First Dubai Real Estate Development Company K.S.C.P. (FD)
shares over and above the fair value of the identifiable assets and liabilities. During the year, the management has tested the
carrying value of goodwill for impairment and has noted no impairment.
The determination of the cash flows and discount factors for unquoted equity investments requires significant estimation. Where
this estimation cannot be reliably determined these investments are carried at cost less impairment.
Impairment of trade receivable
An estimate of the collectible amount of trade accounts receivable is made when collection of the full amount is no longer
probable. For individually significant amounts, this estimation is performed on an individual basis. Amounts which are not
individually significant, but which are past due, are assessed collectively and a provision applied according to the length of
time past due, based on historical recovery rates. Any difference between the actual amounts collected in future periods and the
amounts expected will be recognised in the consolidated statement of income.
Impairment of goodwill
The Group tests whether goodwill is impaired at least on an annual basis. This requires an estimation of the value in use of the
cash-generating units to which the goodwill is allocated. Estimating the value in use requires the Group to make an estimate of
the expected future cash flows from the cash-generating unit and also to choose a suitable discount rate in order to calculate the
present value of those cash flows.
6. BASIC AND DILUTED EARNING PER SHARE
Basic and diluted earnings per share is computed by dividing the profit for the year attributable to the equity holders of the Parent
Company by the weighted average number of ordinary shares during the year less weighted average numbers of treasury shares
as follows:
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