Notes to the Consolidated Financial Statements
(Thousands of US dollars)
73
Dar Al-Maal Al-Islami Trust
Annual Report 2013
36. Contingent liabilities
and commitments
(continued)
Faisal Islamic Bank of Egypt carried at 31 December 2013 contingent liabilities
of $61.3 million (December 2012: $20.9 million) of which the Group’s
share was $30.0 million (December 2012: $10.2 million). These related
to guarantees and letters of credit issued as part of their normal banking
operations.
BBK carried at 31 December 2013 contingent liabilities of $1,318.3 million
(December 2012: $1,565.7 million), of which the Group’s share was $165.1
million (December 2012: $208.2 million). These related to guarantees and
letters of credit issued as part of their normal banking operations.
Naseej B.S.C. (c) carried at 31 December 2013 contingent liabilities of $199.7
million (December 2012: $238.7 million), of which the Group’s share was
$28.8 million (December 2012: $35.6 million). These related to guarantees
and letters of credit issued as part of their normal banking operations.
Sanpak Engineering carried at 31 December 2013 contingent liabilities of $1.8
million (December 2012: $2.4 million), of which the Group’s share was $0.3
million (December 2012: $0.5 million). These related to guarantees and letters
of credit issued as part of their normal banking operations.
2013
2012
Commitments
Undrawn facilities, financing lines
900,180
728,529
Other commitments to finance
25,642
26,754
Repurchase and resale transactions
224,634
171,506
1,150,456
926,789
Operating lease commitments
Commitments for operating leases included cars and office equipment.
The future minimum lease payments under non cancellable operating leases
are as follows:
2013
2012
Not later than one year
58
56
Later than one year and not
later than five years
129
169
187
225
Significant net open foreign
currency position
927,741
734,286
