Markaz Investment and Development Fund State of Kuwait

Interim condensed financial information and independent auditor's review report (Unaudited)

For the period ended 30 June 2023

Markaz Investment and Development Fund

Interim condensed financial information and independent auditor's review report For the period ended 30 June 2023

Contents

Pages

Report on review of interim condensed financial information

1

Interim condensed statement of comprehinisve income

2

Interim condensed statement of financial position

3

Interim condensed statement of changes in net assets attributable to unitholders

4

Interim condensed statement of cash flows

5

Notes to the interim condensed financial information

6 ‐ 10

Markaz Investment and Development Fund

Interim condensed statement of comprehensive income (All amounts in Kuwaiti Dinars unless otherwise stated)

(Unaudited)

(Unaudited)

Notes

Three months ended

Six months ended

30 June

30 June

Income

2023

2022

2023

2022

Realised (loss)/gain on sale

of financial assets at fair

(71,308)

(240,044)

value through profit or loss

1,142,299

2,196,811

Unrealised (loss)/gain on

financial assets at fair value

(358,496)

(3,201,245)

through profit or loss

4

(5,816,389)

2,304,395

Dividend income

1,472,734

1,427,000

1,472,734

1,697,000

Interest income

5,618

1,866

9,165

2,872

Foreign currency exchange

(2,009)

(2,009)

loss

‐

‐

Total (loss)/income

1,046,539

(3,245,224)

(1,961,399)

6,201,078

Expenses

(225,219)

(460,877)

Management fees

8

(283,999)

(569,481)

Fund custodian and

(14,940)

(30,190)

investment controller fees

8

(18,257)

(36,609)

Other operating expenses

(6,862)

(21,784)

(13,637)

(58,883)

Total expenses

(247,021)

(324,040)

(504,704)

(664,973)

(Loss)/profit for the period

799,518

(3,569,264)

(2,466,103)

5,536,105

Other comprehsnive income

‐

‐

‐

‐

Total compehersive

(loss)/income for the

period

799,518

(3,569,264)

(2,466,103)

5,536,105

The accompanying notes set out on pages 6 to 10 form an integral part of this interim condensed financial information.

2

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MARKAZ - Kuwait Financial Centre KPSC published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2023 08:01:35 UTC.