Notes to the Consolidated Financial Statements
(Thousands of US dollars)
48
Dar Al-Maal Al-Islami Trust
Annual Report 2013
11. Fair value of financial
instruments
(continued)
Assets and liabilities measured at fair value
At 31 December 2012
Level 1
Level 2
Level 3
Total
Trading securities
Equity securities
9
-
-
9
Debt securities
-
81,064
-
81,064
Investment securities -
available-for-sale
Equity securities
48,216 121,787
85,087 255,090
Debt securities
-
785,045
-
785,045
Hedging derivatives
-
4,087
-
4,087
Total assets
48,225 991,983
85,087 1,125,295
Derivatives held for trading
-
84
-
84
Total liabilities
-
84
-
84
Reconciliation of Level 3 items
Investment securities
Equity
Debt
Total
Total
securities
securities
Assets
liabilities
At 1 January 2012
97,473
-
97,473
-
Total profit/(loss)
(578)
-
(578)
-
Profit/(loss) - other comprehensive
income/(loss)
-
-
-
-
Purchases
332
-
332
-
Sales
(12,140)
-
(12,140)
-
Settlements
-
-
-
-
Transfers into Level 3
-
-
-
-
At December 2012
85,087
-
85,087
-
Total profit/(losses) for the year included in profit or loss for assets/liabilities held
At 31 December 2012
(578)
-
(578)
-
There were no transfers between levels 1 and 2 during the year.
