39 / 87
Notes to the Consolidated Financial Statements
(Thousands of US dollars)
37
Dar Al-Maal Al-Islami Trust
Annual Report 2014
4. Financial instruments
(continued)
Profit rate risk
The table below summarises the Group’s exposure to profit rate risks. It includes
the Group’s financial instruments at carrying amounts, categorised by the earlier
of contractual repricing or maturity dates.
At 31 December 2014
Up to
One-three
Three-twelve
One-five
Over five
Non rate
Total
one month
months
months
years
years
sensitive
Assets
Cash and cash equivalents 434,947 34,103 63,139
-
- 232,481 764,670
Investments with Islamic
institutions
120,993
-
-
179
-
16 121,188
Trading securities
16,904 181,225 54,895 23,598 4,079 2,615 283,316
Investments in financings
398,897 623,875 844,036 214,830 47,494 48,157 2,177,289
Investment securities
37,341 4,981 544,835 518,865 153,887 245,706 1,505,615
Other assets
-
3,476
776 17,502 191,166 33,197 246,117
Total financial assets
1,009,082 847,660 1,507,681 774,974 396,626 562,172 5,098,195
Liabilities
Massaref accounts
1,237,050 231,238 1,812,699 156,730 165,456 1,396,806 4,999,979
Other liabilities
1,745
191
125
429 12,168 758,889 773,547
Total financial liabilities
1,238,795 231,429 1,812,824 157,159 177,624 2,155,695 5,773,526
Total repricing gap
(229,713) 616,231 (305,143) 617,815 219,002 (1,593,523) (675,331)
At 31 December 2013
Assets
Cash and cash equivalents 572,648 81,486 35,057
-
- 296,793 985,984
Investments with Islamic
institutions
111,105 3,840
-
179
-
2,877 118,001
Trading securities
1,093 2,337 9,777 52,140 13,033 4,283
82,663
Investments in financings
593,626 621,364 573,598 184,782 32,580 80,677 2,086,627
Investment securities
182,354 403,920 189,328 110,464 91,709 202,760 1,180,535
Other assets
74
149
670 3,571 13,391 138,024 155,879
Total financial assets
1,460,900 1,113,096 808,430 351,136 150,713 725,414 4,609,689
Liabilities
Massaref accounts
1,232,936 730,984 1,414,290 35,800 28,937 1,268,707 4,711,654
Other liabilities
19,332
-
-
103
- 870,550 889,985
Total financial liabilities
1,252,268 730,984 1,414,290 35,903 28,937 2,139,257 5,601,639
Total repricing gap
208,632 382,112 (605,860) 315,233 121,776 (1,413,843) (991,950)
At 31 December 2014
USD
EUR
PKR
BHD
AED
Total profit rate exposure
in the consolidated statement
of financial position
195,201 341,567 963,946 491,854 283,244
Reasonable shift
0.26% 0.23% 0.03% 0.05% 0.38%
Total effect on income
498
786
289
246
1,076
Total effect on equity
-
-
328
-
-
At 31 December 2013
Total profit rate exposure
in the consolidated statement
of financial position
193,801 379,464 855,440 566,254 292,050
Reasonable shift
0.20% 0.05% 0.45% 0.23% 0.05%
Total effect on income
393
171
3,849
1,302
146
Total effect on equity
-
-
4,290
-
-
The basis for calculation of the reasonable shift is arrived at by comparing the
interbank lending rate at the beginning and the end of the period.