17
Dar Al-Maal Al-Islami Trust
Annual Report 2014
Consolidated Statement of Cash Flows for the year ended 31 December
(continued)
(Thousands of US dollars)
Notes
2014
2013
Cash flows from investing activities
Purchase of investment property
13
(2,932)
-
Sale of investment property
13
5,200
37,243
Investments in associated companies
15
-
(8)
Sale of investment in associated companies
15
3,812
32,661
Dividends from associated companies
15
19,389
17,355
Purchase of property, plant and equipment and intangibles
16,17
(14,009)
(10,703)
Sale of property, plant and equipment and intangibles
16,17
8,709
3,840
Sold non-current assets via settlements
2,900
3,756
Net cash(used in)/provided by investing activities
23,069
84,144
Cash flows from financing activities
Dividends paid
(658)
(397)
Cash (outflow)/inflow on acquisition of non-controlling interests
(13,263)
56,676
Cash (outflow)/inflow on sale of non-controlling interests
-
(5,238)
Cash (outflow)/inflow on merger with associated company
-
(6,844)
Net cash (used in)/provided by financing activities
(13,921)
44,197
Foreign currency translation adjustments
1,910
39,867
Net (decrease)/increase in cash and cash equivalents
(221,314)
110,135
Cash and cash equivalents at beginning of year
985,984
875,849
Cash and cash equivalents at end of year
764,670
985,984
Major non-cash transactions relate to the receipt of assets received of $387 million as a result of the sale of FIBE shares.
Details of the transaction are found in Note 15.
The notes on pages 18 to 84 form an integral part of these consolidated financial statements.