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Consolidated Statement of Cash Flows for the year ended 31 December
(Thousands of US dollars)
16
Dar Al-Maal Al-Islami Trust
Annual Report 2014
Notes
2014
2013
Cash flows from operating activities
Profit/(loss) before taxes and non-controlling interests
33,325
(65,677)
Adjustments for:
Depreciation and amortisation
16,17
27,211
27,621
Fair value adjustments on trading securities
(2,775)
(2,129)
Fair value adjustment on investments in financings
25
67,886
58,061
Loss/(gain) on retirement benefit plans
35
410
(4,289)
(Income) from associated companies
15
(29,231)
(74,784)
Disposal of associated company
(111,111)
-
Changes in fair value of investment properties
13
19,567
2,591
Provisions for impairment
9,10,16
14,865
26,904
Operating profit/(loss) before changes in operating assets and liabilities
20,147
(31,702)
Net (increase)/decrease in investments with Islamic
institutions
(3,187)
1,372
Net (increase) of trading securities
(197,795)
(10,620)
Net (increase)/decrease in investments in financings
(9,336)
4,336
Net (increase) of investment securities
10
(283,179)
(195,052)
Net (increase) in accounts receivable
(4,516)
(5,441)
Net (decrease)/increase in accounts payable, excluding taxes
(123,630)
153,503
Net increase in Massaref accounts
380,242
38,220
Taxes paid
(11,118)
(12,689)
Net cash (used in)/provided by operating activities
(232,372)
(58,073)
The notes on pages 18 to 84 form an integral part of these consolidated financial statements.