Notes to the Consolidated Financial Statements
(Thousands of US dollars)
37
Dar Al-Maal Al-Islami Trust
Annual Report 2012
4. Financial instruments
(continued)
Profit rate risk
The table below summarises the Group’s exposure to profit rate risks. It includes
the Group’s financial instruments at carrying amounts, categorised by the earlier
of contractual repricing or maturity dates.
As at 31 December 2012
Up to
One-three
Three-twelve
One-five
Over five
Non rate
Total
one month
months
months
years
years
sensitive
Assets
Cash and cash equivalents 614,825 14,464
-
-
- 246,561 875,849
Investments with Islamic
institutions
69,039
-
50,138
179
-
17 119,373
Trading securities
4,735 10,654 60,037 5,641
-
6
81,073
Investments in financings
512,454 579,316 774,561 128,739 50,727 101,068 2,146,866
Investment securities
110,542 78,978 379,672 100,268 103,334 287,129 1,059,923
Other assets
4,719 1,405 2,097 18,843
- 123,348 150,412
Total financial assets
1,316,314 684,817 1,266,505 253,670 154,061 758,129 4,433,496
Liabilities
Massaref accounts
1,310,426 777,358 1,351,163 103,353 21,440 1,107,535 4,671,275
Other liabilities
8,114
-
2,417 2,344
- 721,361 734,236
Total financial liabilities 1,318,540 777,358 1,353,580 105,697 21,440 1,828,896 5,405,511
Total repricing gap
(2,226) (92,541) (87,075) 147,973 132,621 (1,070,767) (972,015)
As at 31 December 2011
Assets
Cash and cash equivalents 374,535 7,648
-
-
- 402,859 785,042
Investments with Islamic
institutions
35,123
-
85,195
179
-
17 120,514
Trading securities
-
-
3
-
-
64,552
64,555
Investments in financings
107,120 269,498 841,523 412,719 342,069 16,334 1,989,263
Investment securities
58,005 7,677 602,902 159,093 208,012 167,102 1,202,791
Other assets
-
-
-
-
- 177,621 177,621
Total financial assets
574,783 284,823 1,529,623 571,991 550,081 828,485 4,339,786
Liabilities
Massaref accounts
1,932,719 409,014 1,254,596 160,987 16,883 815,613 4,589,812
Other liabilities
-
-
87,471
-
- 600,768 688,239
Total financial liabilities 1,932,719 409,014 1,342,067 160,987 16,883 1,416,381 5,278,051
Total repricing gap
(1,357,936) (124,191) 187,556 411,004 533,198 (587,896) (938,265)
As at 31 December 2012
USD
EUR
PKR
BHD
AED
Total profit rate exposure
in the consolidated statement
of financial position
147,913 424,924 762,352 574,569 314,783
Reasonable shift
0.37% 1.58% 0.48% 1.07% 0.12%
Total effect on income
543
6,693
3,659
6,148
378
Total effect on equity
-
-
3,534
-
-
As at 31 December 2011
Total profit rate exposure
in the consolidated statement
of financial position
146,214 393,940 894,567 543,034 319,337
Reasonable shift
0.34% 0.47% 0.01% 0.24% 0.07%
Total effect on income
497
1,852
84
1,276
224
Total effect on equity
-
-
68
-
-
The basis for calculation of the reasonable shift is arrived at by comparing the
interbank lending rate at the beginning and the end of the period.
