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CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER
(Thousands of US dollars)
17
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Notes
2011
2010
Cash flows from investing activities
Purchase of investment property
13
(9,942)
(16,415)
Sale of investment property
13
7,026
27,054
Investments in associated companies
14
-
(8,000)
Dividends from associated companies
14
26,090
10,162
Purchase of property, plant and equipment and intangibles
15,16
(37,287)
(10,569)
Sale of property, plant and equipment and intangibles
15,16
17,784
3,243
Cash inflow on sale of a subsidiary
-
90,430
Cash outflow on purchase of a subsidiary
-
(58,272)
Cash inflow on conversion of an associate to a subsidiary
42
-
487,334
Cash outflow on conversion of an associate to a subsidiary
-
(100,000)
Net cash provided by investing activities
3,671
424,967
Cash flows from financing activities
Dividends paid
(793)
(2,267)
Net purchase of treasury shares
(666)
(1,337)
Cash inflow/(outflow) on acquisition of non-controlling interests
6,697
(5,829)
Net cash provided by/(used in) financing activities
5,238
(9,433)
Foreign currency translation adjustments
38,054
11,403
Net increase in cash and cash equivalents
17,080
729,000
Cash and cash equivalents at beginning of year
767,962
38,962
Cash and cash equivalents at end of year
785,042
767,962
The notes on pages 18 to 83 form an integral part of these consolidated financial statements.