Notes to the Consolidated Financial Statements
50
Dar Al-Maal Al-Islami Trust
Annual Report 2012
11. Fair value of financial
instruments
(continued)
Assets and liabilities measured at fair value
At 31 December 2011
Level 1
Level 2
Level 3
Total
Trading securities
- Equity securities
9,837
-
-
9,837
- Debt securities
-
54,718
-
54,718
Investment securities - available-for-sale
- Equity securities
109,330 120,796
97,473 327,599
- Debt securities
-
805,456
-
805,456
Total assets
119,167 980,970
97,473 1,197,610
Derivatives held for trading
-
38,887
-
38,887
Total liabilities
-
38,887
-
38,887
Reconciliation of Level 3 items
Investment securities
Equity
Debt
Total
Total
securities
securities
Assets
liabilities
At 1 January 2011
116,946
-
116,946
-
Total profit/(loss)
Profit/(loss)
(9,910)
-
(9,910)
-
- Other comprehensive income/(loss)
-
-
-
-
Purchases
-
-
-
-
Sales
(9,929)
-
(9,929)
-
Settlements
-
-
-
-
Transfers into Level 3
500
-
500
-
Transfers out of Level 3
(134)
-
(134)
-
At December 2011
97,473
-
97,473
-
Total Profit/(losses) for the year included in profit or loss for assets/liabilities held
At 31 December 2011
(9,910)
-
(9,910)
-
Sensitivity of Level 3 measurements to reasonably possible alternative assumptions
An assumed ± 10% movement in the fair value of level 3 measurement has the following impact:
Impact in equity
At 31 December 2012
Favourable changes Unfavourable changes
Trading securities
-
-
Investment securities – available for sale
8,509
(8,509)
At 31 December 2011
Trading securities
-
-
Investment securities – available for sale
9,747
(9,747)
