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CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED 31 DECEMBER
(Thousands of US dollars)
13
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Notes
2011
2010
Continuing operations
Income
Fund management and services
33
26,967
23,476
Income from investments with Islamic institutions
11,997
9,131
Net trading income
23
24,406
8,357
Income from investments in financings
24
253,215
124,415
Fee and commission income
25
50,870
35,306
Gains/(losses) from investment securities
10
69,081
(59,165)
Dividend income
26
9,705
51,611
Other income
27
3,636
33,749
449,877
226,880
Distribution to Massaref account holders
(296,727)
(178,183)
Operating income
153,150
48,697
Expenses
Staff costs
28
(107,950)
(91,283)
General and administrative expenses
29
(90,701)
(81,405)
Depreciation and amortisation
15,16
(47,726)
(55,766)
Exchange gain
863
833
Provisions
21
18,467
(112,998)
Total expenses
(227,047)
(340,619)
Operating (loss)
(73,897)
(291,922)
Share of profit of associated companies
14
25,776
360,716
(Loss)/profit before income taxes
(48,121)
68,794
Taxes
31
(170)
8,600
(Loss)/gain after income taxes from continuing operations
(48,291)
77,394
(Loss)/profit after income taxes
(48,291)
77,394
Attributable to:
Equity participants
(29,582)
130,157
Non-controlling interests
32
(18,709)
(52,763)
(48,291)
77,394
The notes on pages 18 to 83 form an integral part of these consolidated financial statements.