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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
4. Financial instruments
(continued)
38
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Profit rate risk
The table below summarises the Group’s exposure to profit rate risks. It includes
the Group’s financial instruments at carrying amounts, categorised by the
earlier of contractual repricing or maturity dates.
As at 31 December 2011
Up to
One-three
Three-twelve
One-five
Over five
Non rate
Total
one month
months
months
years
years
sensitive
Assets
Cash and cash equivalents 374,535 7,648
-
-
- 402,859 785,042
Investments with Islamic
institutions
35,123
-
85,195
179
-
17 120,514
Trading securities
-
-
3
-
-
64,552
64,555
Investments in financings
107,120 269,498 841,523 412,719 342,069 16,334 1,989,263
Investment securities
58,005 7,677 602,902 159,093 208,012 167,102 1,202,791
Other assets
-
-
-
-
- 177,621 177,621
Total financial assets
574,783 284,823 1,529,623 571,991 550,081 828,485 4,339,786
Liabilities
Massaref accounts
1,932,719 409,014 1,254,596 160,987 16,883 815,613 4,589,812
Other liabilities
-
-
87,471
-
- 600,768 688,239
Total financial liabilities
1,932,719 409,014 1,342,067 160,987 16,883 1,416,381 5,278,051
Total repricing gap
(1,357,936) (124,191) 187,556 411,004 533,198 (587,896) (938,265)
As at 31 December 2010
Assets
Cash and cash equivalents 426,727 7,648
-
-
- 358,020 792,395
Investments with Islamic
institutions
111,037 23,000 12,066
179
-
320 146,602
Trading securities
-
-
3
-
-
-
3
Investments in financings
457,101 273,341 624,401 559,230
195 29,045 1,943,313
Investment securities
224,134 407,053 85,324 187,647
- 314,825 1,218,983
Accounts receivable
38,265 19,731 5,933 12,343
-
87,798 164,070
Total financial assets
1,257,264 730,773 727,727 759,399
195 790,008 4,265,366
Liabilities
Massaref accounts
2,021,154 391,924 1,371,464 125,273
241 693,430 4,603,486
Accounts payable
3
-
-
-
- 504,710 504,713
Total financial liabilities
2,021,157 391,924 1,371,464 125,273
241 1,198,140 5,108,199
Total repricing gap
(763,893) 338,849 (643,737) 634,126
(46) (408,132) (842,833)