CONSOLIDATED STATEMENT OF INCOME FOR THE yEAR ENDED 31 DECEMbER
(Thousands of US dollars)
13
Dar Al-Maal Al-Islami Trust
Annual Report 2012
Notes
2012
2011
Restated
Income
Fund management and services
33
43,813
26,967
Income from investments with Islamic institutions
(15,302)
11,997
Net trading income
23
35,734
24,406
Income from investments in financings
24
226,624
253,215
Fee and commission income
25
44,161
50,870
Gains/(losses) from investment securities
10
60,428
69,081
Dividend income
26
13,159
9,705
Other income
27
(1,083)
3,636
407,534
449,877
Distribution to Massaref account holders
(250,656)
(296,727)
Operating income
156,878
153,150
Expenses
Staff costs
28
(113,483)
(110,416)
General and administrative expenses
29
(86,455)
(90,701)
Depreciation and amortisation
15,16
(29,374)
(47,726)
Exchange (loss)/gain
(2,204)
863
Provisions
21
(14,512)
18,467
Total expenses
(246,028)
(229,513)
Operating (loss)
(89,150)
(76,363)
Share of profit of associated companies
14
78,356
25,776
(Loss)/profit before income taxes
(10,794)
(50,587)
Taxes
31
(1,259)
(170)
(Loss)/profit after income taxes
(12,053)
(50,757)
Attributable to:
Equity participants
3,984
(30,896)
Non-controlling interests
32
(16,037)
(19,861)
(12,053)
(50,757)
The notes on pages 18 to 75 form an integral part of these consolidated financial statements.
