Notes to the Consolidated Financial Statements
(Thousands of US dollars)
37
Dar Al-Maal Al-Islami Trust
Annual Report 2013
4. Financial instruments
(continued)
Profit rate risk
The table below summarises the Group’s exposure to profit rate risks. It includes
the Group’s financial instruments at carrying amounts, categorised by the earlier
of contractual repricing or maturity dates.
As at 31 December 2013
Up to
One-three
Three-twelve
One-five
Over five
Non rate
Total
one month
months
months
years
years
sensitive
Assets
Cash and cash equivalents 572,648 81,486 35,057
-
- 296,793 985,984
Investments with Islamic
institutions
111,105 3,840
-
179
-
2,877 118,001
Trading securities
1,093 2,337 9,777 52,140 13,033 4,283
82,663
Investments in financings
593,626 621,364 573,598 184,782 32,580 80,677 2,086,627
Investment securities
182,354 403,920 189,328 110,464 91,709 202,760 1,180,535
Other assets
74
149
670 3,571 13,391 138,024 155,879
Total financial assets
1,460,900 1,113,096 808,430 351,136 150,713 725,414 4,609,689
Liabilities
Massaref accounts
1,232,936 730,984 1,414,290 35,800 28,937 1,268,707 4,711,654
Other liabilities
19,332
-
-
103
- 870,550 889,985
Total financial liabilities
1,252,268 730,984 1,414,290 35,903 28,937 2,139,257 5,601,639
Total repricing gap
208,632 382,112 (605,860) 315,233 121,776 (1,413,843) (991,950)
As at 31 December 2012
Assets
Cash and cash equivalents 614,825 14,464
-
-
- 246,561 875,849
Investments with Islamic
institutions
69,039
-
50,138
179
-
17 119,373
Trading securities
4,735 10,654 60,037 5,641
-
6
81,073
Investments in financings
512,454 579,316 774,561 128,739 50,727 101,068 2,146,866
Investment securities
110,542 78,978 379,672 100,268 103,334 287,129 1,059,923
Other assets
4,719 1,405 2,097 18,843
- 123,348 150,412
Total financial assets
1,316,314 684,817 1,266,505 253,670 154,061 758,129 4,433,496
Liabilities
Massaref accounts
1,310,426 777,358 1,351,163 103,353 21,440 1,107,535 4,671,275
Other liabilities
8,114
-
2,417 2,344
- 721,361 734,236
Total financial liabilities
1,318,540 777,358 1,353,580 105,697 21,440 1,828,896 5,405,511
Total repricing gap
(2,226) (92,541) (87,075) 147,973 132,621 (1,070,767) (972,015)
As at 31 December 2013
USD
EUR
PKR
BHD
AED
Total profit rate exposure
in the consolidated statement
of financial position
193,801 379,464 855,440 566,254 292,050
Reasonable shift
0.20% 0.05% 0.45% 0.23% 0.05%
Total effect on income
393
171
3,849
1,302
146
Total effect on equity
-
-
4,290
-
-
As at 31 December 2012
Total profit rate exposure
in the consolidated statement
of financial position
147,913 424,924 762,352 574,569 314,783
Reasonable shift
0.37% 1.58% 0.48% 1.07% 0.12%
Total effect on income
543
6,693
3,659
6,148
378
Total effect on equity
-
-
3,534
-
-
The basis for calculation of the reasonable shift is arrived at by comparing the
interbank lending rate at the beginning and the end of the period.
