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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
18. Accounts payable
62
Dar Al-Maal Al-Islami Trust
Annual Report 2011
2011
2010
Accounts payable and other provisions
62,727
48,750
Advance received from customers
27,596
36,842
Demand drafts
34,216
53,541
Accruals
21,964
25,485
Security deposits on consumer leases
26,507
34,195
Funds under management
518,134
390,750
Dividends payable
16,673
17,591
Derivative financial instruments
38,887
44,698
Employee payables
26,265
38,119
Deferred income
361
40
773,330
690,011
There were no liabilities against assets subject to finance leases at 31
December 2011 (2010: $Nil).
Derivative financial instruments
2011
Contractual amount
Fair value
Foreign exchange derivatives
held for trading:
Currency forwards
467,194
38,887
2010
Currency forwards
621,505
44,698