Page 5 - Mazaya Holding_FS_E_Q3_2021

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30, 2021
(All amounts are in Kuwaiti Dinars)

For the three months ended For the nine months ended
September 30, September 30,
Note 2021 2020 2021 2020
Revenue:
Revenue from sale of properties held for trading - 410,319 410,786 9,416,388
Rental income 2,408,351 2,005,274 7,041,132 6,229,685
Medical services income 951,146 - 1,793,310 -
Net management fees and commission income 76,621 25,713 226,843 183,581
Total revenue 3,436,118 2,441,306 9,472,071 15,829,654

Costs:
Cost of sale of properties held for trading - (361,261) (400,327) (9,029,051)
Cost of rental (461,059) (487,767) (1,514,620) (1,316,894)
Cost of medical services (741,229) - (1,330,863) -
Total costs (1,202,288) (849,028) (3,245,810) (10,345,945)

Gross profit 2,233,830 1,592,278 6,226,261 5,483,709

Impairment loss for lands and properties held for trading - - - (280,997)
Change in fair value of investment properties - - - (1,933,974)
Share of results from an associate - - - (474,452)
Selling and marketing expenses (37,893) (17,059) (78,471) (89,073)
General and administrative expenses (733,297) (914,203) (2,436,871) (2,684,983)

Operating profit 1,462,640 661,016 3,710,919 20,230

Net (loss) profit of financial assets (18,304) (15,689) (33,361) 38,931
The effect of reclassification of an associate to financial
assets at FVOCI - 172,194 - 172,194
Net other (expenses) income 7 (154,102) 22,172 (35,180) (899,646)
Amortization of finance costs related to lease liabilities (149,435) (163,407) (458,164) (498,728)
Finance costs (1,005,847) (1,080,453) (3,043,238) (3,995,213)
Profit (Loss) for the period from Continuing operations 134,952 (404,167) 140,976 (5,162,232)
Profit (Loss) for the period from Discontinued operations 5 90,630 131,358 291,573 (58,601)
Profit (Loss) for the period 225,582 (272,809) 432,549 (5,220,833)

Attributable to:
Shareholders of the Parent Company 63,967 (317,142) 148,200 (5,266,738)
Non-controlling interests 161,615 44,333 284,349 45,905
Profit (Loss) for the period 225,582 (272,809) 432,549 (5,220,833)

Continuing operations
Basic loss per share - attributable to shareholders of the
parent company – Fils 8 (0.03) (0.69) (0.18) (8.31)
Diluted loss per share - attributable to shareholders of the
parent company – Fils 8 (0.03) (0.69) (0.18) (8.30)
Discontinued operations
Basic earnings (loss) per share - attributable to
shareholders of the parent company – Fils 8 0.13 0.19 0.42 (0.08)
Diluted earnings (loss) per share - attributable to
shareholders of the parent company – Fils 8 0.13 0.19 0.42 (0.08)

Total basic earnings (loss) per share - attributable to
shareholders of the parent company – Fils 8 0.10 (0.50) 0.24 (8.39)
Total diluted earnings (loss) per share - attributable to
shareholders of the parent company – Fils 8 0.10 (0.50) 0.24 (8.38)

The accompanying notes (1) to (14) form an integral part of the interim consolidated financial information.

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