13
Dar Al-Maal Al-Islami Trust
Annual Report 2013
Consolidated Statement of Income for the year ended 31 December
(Thousands of US dollars)
Notes
2013
2012
Income
Fund management and services
33
42,354
43,813
Net trading income
23
19,916
35,734
Income from investments in financings
24
152,510
226,624
Fee and commission income
25
37,466
44,161
Gains/(losses) from investment securities
10
43,997
60,428
Dividend income
26
11,248
13,159
Gains/(losses) from other income
27
5,466
(1,083)
312,957
422,836
Profit paid to financial and other institutions
(21,519)
(15,302)
Distribution to Massaref account holders
(201,289)
(250,656)
Operating income
90,149
156,878
Expenses
Staff costs
28
(106,334)
(113,483)
General and administrative expenses
29
(86,581)
(86,455)
Depreciation and amortisation
15,16
(30,425)
(29,374)
Exchange (loss)/gain
(3,088)
(2,204)
Allowance for impairment
9
(4,182)
(14,512)
Total expenses
(230,610)
(246,028)
Operating (loss)
(140,461)
(89,150)
Share of profit of associated companies
14
74,784
78,356
(Loss)/profit before income taxes
(65,677)
(10,794)
Taxes
31
(3,798)
(1,259)
(Loss)/profit after income taxes
(69,475)
(12,053)
Attributable to:
Equity participants
(27,286)
3,984
Non-controlling interests
32
(42,189)
(16,037)
(69,475)
(12,053)
The notes on pages 18 to 79 form an integral part of these consolidated financial statements.
