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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
30.1.3 Past due and impaired
The Group does not have any past due but not impaired financial assets as at 31 December 2015 and 2014.
Gross amount due amounting to KD 4,926,471 (2014: KD 3,425,019) were impaired with a provision of KD 1,800,670 (2014:
KD 972,494). The movement in provision allowance during the year is as follows:
Allowance for doubtful debts for receivables
30.2 Liquidity risk
Liquidity risk is the risk that the Group will be unable to meet its liabilities when they fall due. To limit this risk, management has
arranged diversified funding sources, manages assets with liquidity in mind, and monitors liquidity on a daily basis.
The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank deposits and
facilities.
The table below summarises the maturity profile of the Group’s financial liabilities based on contractual undiscounted repayment
obligations. The liquidity profile of financial liabilities reflects the projected cash flows which includes future
finance cost payments over the life of these financial liabilities.
11,172,259
11,467,525
22,639,784
5,675,501
4,564,688
4,920,620
15,160,809
12,346,328
3,035,569
15,381,897
14,493,956
8,115,000
2,604,087
25,213,043
94,256,731
15,900,236
110,156,967
70,738,144
1,397,142
72,135,286
56,453,978
-
1,606,979
58,060,957
76,623,435
12,679,688
9,131,686
98,434,809
Tawarruq and ijara payable
Accounts payable and other credit balances
Total undiscounted liabilities
Capital commitments
Tawarruq and ijara payable
Term Loans
Accounts payable and other credit balances
Total undiscounted liabilities
Capital commitments
Within 1 year
KD
Within 1 year
KD
1 - 2 years
KD
1 - 2 years
KD
Over 2 years
KD
Over 2 years
KD
Total
KD
Total
KD
2,646,977
3,308,721
20,485,554
14,529,856
4,619,672
6,361,485
26,416,763
15,435,606
88
2015
KD
972,494
828,176
1,800,670
Balance at the beginning of the year
Charge for the year
Balance at the end of the year
2014
KD
972,494
-
972,494
31 December 2015
31 December 2014