This form shall not be deemed to be complete unless the documents mentioned above are provided
%
Statement
Change (%)
Comparative Year
Current Year
2020-12-31
2021-12-31
(120%)
(13,343,612)
2,732,118
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
(120%)
(21.01)
4.30
Basic & Diluted Earnings per Share
(9%)
94,957,314
86,410,133
Current Assets
(4%)
242,141,098
232,604,027
Total Assets
(3%)
149,887,670
144,949,051
Current Liabilities
(5%)
217,155,540
207,144,716
Total Liabilities
24%
3,914,659
4,854,482
Total Equity attributable to the owners of the Parent Company
110%
8,799,143
18,454,303
Total Operating Revenue
(82%)
(14,828,515)
(2,644,199)
Net Operating Profit (Loss)
(6%)
(73.25%)
(68.95%)
Accumulated Loss / Paid-Up Share Capital
Financial Results Form Kuwaiti Company (KWD)
%
t Statement
Change (%)
Fourth quarter Comparative Year
Fourth quarter Curren Year
2020-12-31
2021-12-31
(80%)
(1,441,992)
(282,832)
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
(80%)
(2.27)
(0.45)
Basic & Diluted Earnings per Share
138%
3,707,739
8,824,336
Total Operating Revenue
(127%)
(3,398,226)
930,043
Net Operating Profit (Loss)
Not Applicable for First Quarter
Increase/Decrease in Net Profit (Loss) is due to
Net income from the sale of properties & hotel operations increased by KD 6,181,527
Change in fair value of investment properties increased by KD 1,171,548
Gain on sale of property, plant and equipment increased by KD 1,034,408
Other income decreased by KD 3,898,265
Sales and marketing expenses increased by KD 1,151,016
Finance costs decreased by KD 2,447,740
Profit for the year from discontinued operations increased by KD 8,041,510
6,181,527
1,171,548
1,034,4083,898,2651,151,016
2,447,740
8,041,510
Total Revenue realized from dealing with related parties (value, KWD)
-
Total Expenditures incurred from dealing with related parties (value, KWD)
312,948
Financial Results Form
Kuwaiti Company (KWD)
Auditor Opinion
1.
Unqualified Opinion
☒
.1
2.
Qualified Opinion
☐
.2
3.
Disclaimer of Opinion
☐
.3
4.
Adverse Opinion
☐
.4
3
In the event of selecting item No. 2, 3 or 4,
42
the following table must be filled out, and this form is notconsidered complete unless it is filled.
-
-
-
-
Financial Results Form Kuwaiti Company (KWD)
Corporate Actions
-
-
Cash Dividends
-
-
Bonus Share
-
-
Other Dividend
-
-
No Dividends
-
-
-
Capital Increase
Issue Premium
-
-
Capital Decrease
Company Seal
Signature
Title
Name
Financial Results Form Kuwaiti Company (KWD)
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IFA Hotels and Resorts Co. KSCP published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 12:14:07 UTC.
IFA Hotels and Resorts Co KSCP is a United Arab Emirates-based company, which is engaged, together with its subsidiaries, in the development of mixed-use hotel and residential resort projects as well as leisure services. The Company operates under the following business segments: property development, hoteliering, investments and others. The Company is mainly engaged in: developing, managing and marketing hotels and resorts; purchasing, selling and developing real estate and land; providing and presenting studies and consultations on all types of real estate issues; performing maintenance services relating to buildings and real estate owned; preparing real estate auctions; holding and managing commercial and residential complexes, as well as direct participation in the establishment of building foundations for residential, commercial, maintenance, touristic, urban, and athletic buildings, among others.
IFA HOTELS AND RESORTS - KPSC 
