Consolidated Statement of Cash Flows for the year ended 31 December
(Thousands of US dollars)
16
Dar Al-Maal Al-Islami Trust
Annual Report 2013
Notes
2013
2012
Cash flows from operating activities
(Loss)/profit before taxes and non-controlling interests
(65,677)
(10,794)
Adjustments for:
Depreciation and amortisation
15,16
27,621
29,374
Fair value adjustments on trading securities
(2,129)
(8,733)
Fair value adjustment on investments in financings
24
58,061
13,053
(Gain)/loss on retirement benefit plans
34
(4,289)
-
(Income) from associated companies
14
(74,784)
(78,356)
Changes in fair value of investment properties
13
2,591
7,252
Provisions for impairment
9,10,15,21
26,904
27,955
Operating loss before changes in operating assets and liabilities
(31,702)
(20,249)
Net decrease in investments with Islamic institutions
1,372
1,141
Net (increase) of trading securities
(10,620)
(21,654)
Net decrease/(increase) in investments in financings
4,336
(168,540)
Net (increase)/decrease of investment securities
10
(195,052)
175,356
Net (increase)/decrease in accounts receivable
(5,441)
2,887
Net increase in accounts payable, excluding taxes
153,503
20,905
Net increase in Massaref accounts
38,220
79,349
Taxes paid
(12,689)
(6,142)
Net cash (used in)/provided by operating activities
(58,073)
63,053
The notes on pages 18 to 79 form an integral part of these consolidated financial statements.
