52
Dar Al-Maal Al-Islami Trust
Annual Report 2012
Notes to the Consolidated Financial Statements
(Thousands of US dollars)
13. Investment property
(continued)
14. Investments in
associates
Investment property under operating leases
The Group leases out part of its investment property under operating leases. The
leases are for terms of one to five years.
The future aggregate minimum rentals receivable under non cancellable
operating leases are as follows:
2012
2011
Not later than one year
1,730
1,819
Later than one year and
not later than five years
3,850
5,557
5,580
7,376
2012
2011
At 1 January
884,886
916,675
Share of results before tax
144,820
54,844
Share of tax
(41,991)
(22,318)
Dividends paid
(24,878)
(26,090)
Share of fair value gains/(losses)
28,626
(22,903)
Additions
3,521
-
Disposals
(58)
-
Recycling of reserves on disposal
(17)
-
Loss on disposal
(66)
-
Goodwill impairment
(17,658)
-
Amortisation of intangibles
(6,749)
(6,749)
Exchange differences
(11,787)
(8,573)
At 31 December
958,649
884,886
