Notes to the Consolidated Financial Statements
(Thousands of US dollars)
42
Dar Al-Maal Al-Islami Trust
Annual Report 2012
5. Cash and cash
equivalents
6. Trading securities
2012
2011
Cash on hand
88,624
72,166
Cash at central banks – statutory reserve
144,729
126,707
Cash at central banks – current account
114,800
93,500
Cash at other banks
527,696
492,669
Cash and cash equivalents
875,849
785,042
The cash at central bank-statutory reserve is not available for use.
2012
2011
Trading securities – at fair value
- Government securities
81,064
54,717
- Corporate securities
9
9,838
81,073
64,555
The movement in trading securities is summarised as follows:
2012
2011
At 1 January
64,555
41,343
Additions
6,672,904
3,591,029
Disposals
(6,666,558)
(3,572,022)
Gain/(loss) on trading
15,308
4,774
Revaluation of trading securities
459
(665)
Exchange differences
(5,595)
96
At 31 December
81,073
64,555
Funding approach
Sources of liquidity are regularly
reviewed to maintain a diversification
by currency, geography, provider,
product and term.
Assets available to meet liabilities
and to cover outstanding loan
commitments include cash and
bank balances; loans and advances
to banks; and loans and advances
to customers. In the normal course of
business, a proportion of customer
loans contractually repayable
within one year will be extended.
In addition, certain assets have
been pledged to secure liabilities.
The Group would also be able to
meet unexpected net cash outflows
by selling strategic investments,
securities and accessing additional
funding sources such as undrawn
facilities.
4. Financial instruments
(continued)
