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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
25. OTHER (EXPENSE) INCOME
During the year ended 31 December 2015, management has assessed legal cases against the Group from one of its projects and
estimated a provision for possible outflow of economic benefits amounting to KD 1,276,035 (2014: KD 346,976).
Amounts due to related parties comprise an amount of KD 1,575,937 (2014: Nil) which represents an advance received for partial
disposal of a subsidiary.
Compensation for board members and other key management members for the year are as follows:
During the year ended 31 December 2015, the Parent Company granted equity-settled stock options to its eligible employees.
These shares vest over a period of three years from the date of grant. The vesting of the stock options is dependent on eligible
employees remaining in service till the end of the vesting period. The fair value of stock options granted is amortised over the
vesting period.
During the year ended 31 December 2015, the Parent Company recognised an expense of KD 268,693 (2014: Nil) relating to
equity-settled share-based payment transactions during the year.
2015
KD
1,181,362
71,274
1,252,636
Salaries and other short term benefits
Terminal benefits
2014
KD
997,773
46,661
1,044,434
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