Condensed Consolidated Interim Financial Information (Unaudited)
and
Independent Auditor's Review Report
31 March 2021
Jazeera Airways K.S.C.P.
Kuwait
C o n t e n t s
Page
Independent Auditor's Review Report
1
Condensed Consolidated Statement of Financial Position (Unaudited)
2
Condensed Consolidated Statement of Profit or Loss (Unaudited)
3
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited)
4
Condensed Consolidated Statement of Changes in Equity (Unaudited)
5
Condensed Consolidated Statement of Cash Flows (Unaudited)
6
Notes to the Condensed Consolidated Interim Financial Information (Unaudited)
7 - 14
Jazeera Airways K.S.C.P.
Kuwait
Condensed Consolidated Statement of Profit or Loss (Unaudited) -
Three months ended 31 March 2021
Kuwaiti Dinars
Three months ended
31 March
Note
2021
2020
Revenue
9
8,137,370
18,962,737
Operating costs
10
(12,248,798)
(20,096,930)
Gross loss
(4,111,428)
(1,134,193)
Other operating income/(expenses)
462,696
(660,586)
General and administrative expenses
11
(1,201,305)
(1,904,128)
Finance costs
(1,248,617)
(1,021,395)
Foreign currency gain/(loss)
1,008,748
(1,244,120)
Expected Credit Loss (ECL) - financial assets
(88,356)
(54,215)
Loss before contribution and taxes
(5,178,262)
(6,018,637)
Zakat
-
-
Contribution to Kuwait Foundation for the Advancement of Sciences
-
-
National Labour Support Tax
-
-
Loss for the period
(5,178,262)
(6,018,637)
Attributable to:
Shareholders of the Parent Company
(5,178,262)
(6,018,637)
Loss per share (fils)
Basic & diluted
12
(25.9)
(30.09)
The accompanying notes are an integral part of this condensed consolidated interim financial information.
3
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Jazeera Airways Co. KSC published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 12:53:04 UTC.
Jazeera Airways Co KSCP is a Kuwait-based public shareholding company engaged in the business of air transportation and commercial passenger services. The Company operates in two business segments: Passenger airline service and Leasing of aircraft. The Company operates a fleet of Airbus A320 aircrafts flying to 18 destinations across the Middle East, including Dubai, Bahrain, Beirut, Alexandria, Amman, Damascus, Istanbul, Sharm El Sheikh, Assiut, Aleppo, Deir Ezzor, Luxor, Mashhad, Sohag, Jeddah, Riyadh, Kuwait and Cairo. The Company has two wholly owned subsidiaries, Al Sahaab Aircraft Leasing Company WLL, a Kuwait limited liability company engaged in leasing of aircraft and engines, and Sahaab Aviation LLC (Trustor).
JAZEERA AIRWAYS K.S.C.P. 
