Notes to the Consolidated Financial Statements
(Thousands of US dollars)
45
Dar Al-Maal Al-Islami Trust
Annual Report 2012
9. Allowance account from
credit losses
(continued)
10. Investment securities
Investments in financings
Banks and other
Corporate
financial
Agricultural
Consumer
Other
Other
2011
financing
institutions
financing
financing
financing
receivables
Total
Balance at 1 January
204,819 2,518 2,540 25,238
593 32,983 268,691
Provision for impairment
17,630
-
2,121 22,373
-
8,683
50,807
Reversal of impairment
provision
(27,938)
-
(590) (7,718)
-
(22,151)
(58,397)
Loans written off as
uncollectable
-
-
-
(4,795)
-
(1,131)
(5,926)
Transfer from other
receivables
-
-
-
-
-
27,255
27,255
Foreign exchange
3,598 (2,518)
676 (3,096)
(69)
(1,247)
(2,656)
Balance at 31 December 198,109
-
4,747 32,002
524 44,392 279,774
General impairments
-
-
-
-
-
-
-
Individually impaired loans 198,109
-
4,747 32,002
524 44,392 279,774
Fair value of collateral
464,972
-
58,051 27,132
-
-
550,155
2012
2011
Investment securities available-for-sale
1,040,135 1,133,055
Investment securities held to maturity
19,788
69,736
1,059,923 1,202,791
Investment securities
available-for-sale
Investment securities – at fair value
- Listed
87,523
109,329
- Unlisted
952,612 1,023,726
1,040,135 1,133,055
Gains /(losses) from
investment securities
2012
2011
Sale of available-for-sale assets
69,252
79,743
Derecognition of available-for-sale assets
-
2,023
Provision for impairment
of available-for-sale assets
(9,969)
(11,662)
Provision for impairment
held-to-maturity
(3,474)
(1,895)
Term finance certificates
4,619
872
60,428
69,081
