Notes to the Consolidated Financial Statements
(Thousands of US dollars)
65
Dar Al-Maal Al-Islami Trust
Annual Report 2013
32. Non-controlling interests
(continues)
Summarised financial information on subsidiaries with material
non-controlling interests.
Set out below are the summarised financial information for each subsidiary that
has non-controlling interests that are material to the Group.
Ithmaar Bank B.S.C.
Period ended 31 December
Summarised Balance Sheet
2013
2012
Assets
6,091,243 6,003,301
Liabilities
5,339,398 5,169,161
Net assets
751,846
834,140
Summarised Income Statement
2013
2012
Income
114,648
175,975
Loss before income tax
(79,194)
(31,564)
Income tax expense
(3,797)
(1,249)
Post-tax loss
(82,991)
(32,813)
Other comprehensive income
(28,259)
48,321
Total comprehensive income
(111,250)
15,508
Total comprehensive income allocated
to non-controlling interests
12,568
2,348
Dividend paid to non-controlling interests
-
-
Summarised Cash Flows
2013
2012
Cash flows from operating activities
(3,544)
12,430
Cash generated from operations
394,639
(80,095)
Net (increase)/decrease in investments
(179,515)
158,727
Taxes paid
(12,528)
(5,276)
Foreign currency translation adjustments
(92,056)
22,056
Net (decrease)/increase
in cash and cash equivalents
106,996
107,842
Cash and cash equivalents
at beginning of year
840,434
732,592
Cash and cash equivalents at end year
947,430
840,434
The information above is the amount before intercompany eliminations
