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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
48
Dar Al-Maal Al-Islami Trust
Annual Report 2011
10. Investment securities
(continued)
The movement in investment securities available-for-sale is summarised as
follows:
2011
2010
At 1 January
1,104,038
1,648
Conversion of an associate
to a subsidiary
-
729,141
Acquisition of a subsidiary
-
343,824
Additions
2,064,316 1,130,014
Disposals
(1,975,958) (1,012,321)
Transfer of provision
from accounts payable
-
(2,500)
Net gains/(losses) from changes
in fair value
(6,493)
(1,482)
Exchange differences
(41,186)
214
Reversal of impairment provision
5,669
-
Provision for impairment
(17,331)
(84,500)
At 31 December
1,133,055 1,104,038
The movement in investment securities held-to-maturity is summarised as
follows:
2011
2010
At 1 January
114,945
-
Conversion of an associate
to a subsidiary
-
102,312
Additions
-
39,152
Maturity
(43,314)
(30,521)
Provision for impairment
(1,895)
-
Exchange differences
-
4,002
69,736
114,945