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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
9. Allowance account from
credit losses (continued)
10. Investment securities
47
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Investments in financings
Banks and other
Corporate
financial
Agricultural
Consumer
Other
Other
2010
financing
institutions
financing
financing
financing
receivables
Total
Balance at 1 January
-
-
-
19
576
515
1,110
Conversion of an associate
to a subsidiary
110,322
-
1,811 31,063
48
(473)
142,771
Acquisition of a
subsidiary
88,107
-
689 11,979
-
697 101,472
Provision for impairment
7,662 2,518
50 13,254
-
39,998
63,482
Reversal of impairment
provision
-
-
-
-
-
(5,000)
(5,000)
Amounts recovered
(1,272)
-
(10)
(173)
-
(388)
(1,843)
Foreign exchange
-
-
- (30,904)
(31)
(2,366)
(33,301)
Balance at 31 December 204,819 2,518 2,540 25,238
593 32,983 268,691
General impairments
-
-
-
2,539
-
-
2,539
Individually impaired loans 204,819 2,518 2,540 22,699
593 32,983 266,152
Fair value of collateral
428,304 3,430 13,943 60,485
1
75 506,238
2011
2010
Investment securities available-for-sale
1,133,055 1,104,038
Investment securities held to maturity
69,736
114,945
1,202,791 1,218,983
Investment securities
available-for-sale
Investment securities – at fair value
- Listed
229,388
203,193
- Unlisted
903,667
900,845
1,133,055 1,104,038
Gains /(losses) from
investment securities
2011
2010
Sale of available-for-sale assets
79,743
26,647
Derecognition of available-for-sale assets
2,023
(739)
Provision for impairment
of available-for-sale assets
(11,662)
(84,500)
Provision for impairment
held-to-maturity
(1,895)
-
Term finance certificates
872
(573)
69,081
(59,165)