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AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
NOTES TO INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
SEPTEMBER 30, 2021
(All amounts are in Kuwaiti Dinars)

Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable.

The following table shows an analysis of captions recorded at fair value by level of the fair value hierarchy:

September 30, 2021
Level 1 Level 2 Level 3 Total
Financial assets at fair value through profit or
loss - - 376,328 376,328
Financial assets at fair value through other
comprehensive income - 1,467,534 9,248,440 10,715,974
Investment properties - 47,006,849 104,415,322 151,422,171
Investment properties included in assets
classified as held for sale - - 15,147,366 15,147,366
- 48,474,383 129,187,456 177,661,839

December 31, 2020 (Audited)
Level 1 Level 2 Level 3 Total
Financial assets at fair value through profit or
loss - - 372,616 372,616
Financial assets at fair value through other
comprehensive income - 1,259,696 9,880,250 11,139,946
Investment properties - 49,212,941 119,593,655 168,806,596
- 50,472,637 129,846,521 180,319,158

September 30, 2020
Level 1 Level 2 Level 3 Total
Financial assets at fair value through profit or
loss 38,517 - 702,575 741,092
Financial assets at fair value through other
comprehensive income - - 11,601,130 11,601,130
Investment properties - 27,701,988 143,468,616 171,170,604
38,517 27,701,988 155,772,321 183,512,826

No transfers were made between Level 1, Level 2 and Level 3 during the period.

14. Significant Impact of COVID-19
The recent outbreak of the coronavirus (“COVID-19”) across various geographies globally since end of year 2019 up till
now, which was declared a pandemic by the World Health Organization, has caused disruption to business and
economic activities. The fiscal and monetary authorities around the world, including Kuwait, have announced various
support measures to counter the possible adverse implications of COVID-19. The Group has taken several measures
to manage its risk associated with the pandemic, including identification of the most vulnerable sectors primarily affected
and placing added measures to ensure a high level of scrutiny. The uncertainties caused by COVID-19 required the
Group to consider the impact of volatility in the forward-looking macro-economic factors in order to manage the credit
risk and liquidity risk and to determine the impact of COVID-19 consequences on the fair value measurement of financial
and non-financial instruments in order to reflect that impact in the consolidated financial statements since the pandemic
outbreak and till the accompanied interim consolidated financial information date.

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