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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
25. Fee and commission
income
26. Dividend income
27. Other income
28. Staff costs
29. General and
administrative expenses
30. Proposed dividend
65
Dar Al-Maal Al-Islami Trust
Annual Report 2011
2011
2010
Arrangement fees
2,493
1,884
Guarantee fees
1,773
910
Documentary credit fees
5,211
2,198
Structuring fees and commissions
425
14,836
Aircraft rental fees
12,135
-
Fees from associated companies (note 35)
350
-
Other fees
28,486
16,022
Fees and commissions expense
(3)
(544)
50,870
35,306
2011
2010
Investment securities held to maturity
2,050
-
Investment securities available-for-sale
7,655
51,611
9,705
51,611
2011
2010
Fair value loss on investment properties
(4,514)
(12,314)
Rental income from investment properties
3,436
2,392
Gain on liquidation of a subsidiary
-
1,051
Loss on sale of a subsidiary
-
(868)
Acquisition of a subsidiary (note 42)
-
38,746
Other
4,714
4,742
3,636
33,749
2011
2010
Salaries
77,212
69,895
Social security and other statutory costs
3,883
2,984
Pension and end of service
8,177
3,103
Other benefits
18,678
15,301
107,950
91,283
Other benefits include housing allowance, home leave, relocation expense,
medical and health expense, training, severance costs and end of service
benefit costs.
2011
2010
Office expenses
55,084
31,853
Professional fees
17,534
33,895
Other
18,083
15,657
90,701
81,405
Included in the 2010 professional fees are fees amounting to $24.0 million
paid to IICG Funds under Management for services rendered in connection with
the acquisition of 400 million shares of Ithmaar Bank B.S.C. on 31 March 2010
(note 42).
No dividend has been proposed for 2011 (2010: Nil).