Basic HTML Version
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
13. Investment property
(continued)
14. Investments in
associates
54
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Investment property under operating leases
The Group leases out part of its investment property under operating leases.
The leases are for terms of one to five years.
The future aggregate minimum rentals receivable under non cancellable
operating leases are as follows:
2011
2010
Not later than one year
1,819
1,361
Later than one year and
not later than five years
5,557
841
7,376
2,202
2011
2010
At 1 January
916,675
399,917
Share of results before tax
54,844
57,791
Share of tax
(22,318)
(8,901)
Dividends paid
(26,090)
(10,162)
Share of treasury shares
-
(194)
Share of fair value gains/(losses)
(22,903)
16,689
Additions
-
8,000
Goodwill impairment
-
(18,000)
Amortisation of intangibles
(6,749)
(5,061)
Exchange differences
(8,573)
(7,632)
Mark up to fair value
-
375,149
Conversion of an associate
to a subsidiary
-
(587,125)
Addition of associates of subsidiary
-
696,204
At 31 December
884,886
916,675