CONSOLIDATED STATEMENT OF CASH FLOwS FOR THE yEAR ENDED 31 DECEMbER
(Thousands of US dollars)
16
Dar Al-Maal Al-Islami Trust
Annual Report 2012
Notes
2012
2011
Restated
Cash flows from operating activities
(Loss)/profit before taxes and non-controlling interests
(10,794)
(50,587)
Adjustments for:
Depreciation and amortisation
15,16
29,374
47,726
Fair value adjustments on trading securities
(8,733)
(6,751)
Fair value adjustment on investments in financings
24
13,053
5,878
Loss/(gain) on purchase/sale of subsidiary
-
43
(Income) from associated companies
14
(78,356)
(25,776)
Changes in fair value of investment properties
13
7,252
4,513
Provisions for impairment
9,10,15,16,21
27,955
(4,911)
Operating loss before changes in operating assets and liabilities
(20,249)
(29,865)
Net decrease in investments with Islamic institutions
1,141
26,088
Net (increase) of trading securities
(21,654)
(23,780)
Net (increase) in investments in financings
(168,540)
(49,755)
Net decrease/(increase) of investment securities
10
175,356
(45,378)
Net decrease in accounts receivable
2,887
3,852
Net increase in accounts payable, excluding taxes
20,905
93,789
Net increase/(decrease) in Massaref accounts
79,349
(15,748)
Taxes paid
(6,142)
(13,663)
Release of restricted cash
-
24,433
Net cash provided by/ used in operating activities
63,053
(30,027)
The notes on pages 18 to 75 form an integral part of these consolidated financial statements.
