Kuwait Financial Centre KPSC : Financial Report for Markaz Investment and Development Fund as of 30 June 2023
July 24, 2023 at 04:02 am EDT
Share
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
Attention: This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
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.
Kuwait Financial Centre KPSC is a Kuwait-based asset management and investment banking company in the Middle East/North Africa (MENA) region. The Company provides several products and services including asset management, investment banking, real estate investment, wealth management and research. Its asset management services include diverse proprietary as well as customized investment solutions across mutual funds and specific portfolio management. The Company offers investment banking solutions across equity capital markets and debt capital markets, listings, capital structure advisory, restructuring, mergers and acquisitions advisory, among others. Its real estate investment portfolios focus on assets across residential, commercial, and industrial segments. It has a database of regional businesses for its clients looking for tailored research. Its equity, fixed income and real estate funds include Markaz Real Estate Fund, Markaz Mumtaz Fund, Forsa Financial Fund, among others.