Notes to the Consolidated Financial Statements
(Thousands of US dollars)
42
Dar Al-Maal Al-Islami Trust
Annual Report 2013
5. Cash and cash
equivalents
6. Trading securities
2013
2012
Cash on hand
110,251
88,624
Cash at central banks - statutory reserve
163,432
144,729
Cash at central banks - current account
128,122
114,800
Cash at other banks
584,179
527,696
Cash and cash equivalents
985,984
875,849
The cash at central bank-statutory reserve is not available for use.
2013
2012
Trading securities - at fair value
- Government securities
78,200
81,064
- Corporate securities
4,463
9
82,663
81,073
The movement in trading securities is summarised as follows:
2013
2012
At 1 January
81,073
64,555
Additions
2,704,841
6,672,904
Disposals
(2,701,144)
(6,666,558)
Gain/(loss) on trading
4,605
15,308
Revaluation of trading securities
2,129
459
Exchange differences
(8,841)
(5,595)
At 31 December
82,663
81,073
Funding approach
Sources of liquidity are regularly
reviewed to maintain a diversification
by currency, geography, provider,
product and term.
Assets available to meet liabilities
and to cover outstanding loan
commitments include cash and
bank balances; loans and advances
to banks; and loans and advances
to customers. In the normal course of
business, a proportion of customer
loans contractually repayable
within one year will be extended.
In addition, certain assets have
been pledged to secure liabilities.
The Group would also be able to
meet unexpected net cash outflows
by selling strategic investments,
securities and accessing additional
funding sources such as undrawn
facilities.
4. Financial instruments
(continued)
