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CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER
(Thousands of US dollars)
16
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Notes
2011
2010
Cash flows from operating activities
(Loss)/profit before taxes and non-controlling interests
(48,121)
68,794
Adjustments for:
Depreciation and amortisation
15,16
47,726
55,766
Fair value adjustments on trading securities
(6,751)
(7,265)
Fair value adjustment on investments in financings
24
5,878
18,035
Loss/(gain) on purchase/sale of subsidiary
43
(38,929)
(Income) from associated companies
14
(25,776)
(360,716)
Changes in fair value of investment properties
13
4,513
12,314
Provisions for impairment
9,10,15,16,21
(4,911)
197,498
Operating loss before changes in operating assets and liabilities
(27,399)
(54,503)
Net decrease/(increase) in investments with Islamic institutions
26,088
(114,634)
Net (increase)/decrease of trading securities
(23,780)
5,345
Net (increase)/decrease in investments in financings
(49,755)
512,516
Net (increase) of investment securities
10
(45,378)
(117,114)
Net decrease in accounts receivable
3,852
53,201
Net increase in accounts payable, excluding taxes
91,467
152,016
Net (decrease) in Massaref accounts
(15,748)
(115,828)
Taxes paid
(13,663)
(18,936)
Release of restricted cash
24,433
-
Net cash (used in)/provided by operating activities
(29,883)
302,063
The notes on pages 18 to 83 form an integral part of these consolidated financial statements.