43 / 87
Notes to the Consolidated Financial Statements
(Thousands of US dollars)
41
Dar Al-Maal Al-Islami Trust
Annual Report 2014
4. Financial instruments
(continued)
Derivative assets and liabilities
The Group’s derivatives that will be settled on a gross basis include foreign
exchange derivatives i.e. currency forward, currency swaps. The table below
analyses the Group’s derivative financial assets that will be settled on a gross
basis into relevant maturity groupings based on the remaining period at the date
of the consolidated statement of financial position to the contractual maturity
date. The amounts disclosed in the table are the contractual undiscounted cash
flows.
Up to One-three Three-twelve One-five Total
At 31 December 2014
one month months
months years
Derivatives held for trading:
- Foreign exchange derivatives
- Outflow
-
-
(14)
-
(14)
- Inflow
-
-
674
-
674
- Interest rate derivatives
- Outflow
-
-
-
-
-
- Inflow
-
-
-
-
-
Derivatives held for hedging:
- Foreign exchange derivatives
- Outflow
- (9,412)
-
-
(9,412)
- Inflow
- 9,326
-
-
9,326
Total outflow
- (9,412)
(14)
-
(9,426)
Total inflow
- 9,326
674
-
10,000
At 31 December 2013
Derivatives held for trading:
- Foreign exchange derivatives
- Outflow
- (2,854)
-
(3,267) (6,121)
- Inflow
- 1,844
-
3,221 5,065
- Interest rate derivatives
- Outflow
-
- (185,305)
- (185,305)
- Inflow
-
- 185,305
- 185,305
Derivatives held for hedging
- Foreign exchange derivatives
- Outflow
-
- (12,800)
- (12,800)
- Inflow
-
-
13,168
-
13,168
Total outflow
- (2,854) (198,105) (3,267) (204,226)
Total inflow
- 1,844 198,473 3,221 203,538