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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
42
Dar Al-Maal Al-Islami Trust
Annual Report 2014
5. Cash and cash
equivalents
6. Trading securities
2014
2013
Cash on hand
123,240
110,251
Cash at central banks - statutory reserve
154,082
163,432
Cash at central banks - current account
92,339
128,122
Cash at other banks
395,009
584,179
Cash and cash equivalents
764,670
985,984
The cash at central bank-statutory reserve is not available for use.
2014
2013
Trading securities - at fair value
- Government securities
270,441
78,200
- Corporate securities
12,875
4,463
283,316
82,663
The movement in trading securities is summarised as follows:
2014
2013
At 1 January
82,663
81,073
Additions
3,534,045
2,704,841
Disposals
(3,341,034)
(2,701,144)
Gain/(loss) on trading
2,320
4,605
Revaluation of trading securities
2,774
2,129
Exchange differences
2,548
(8,841)
At 31 December
283,316
82,663
Funding approach
Sources of liquidity are regularly
reviewed to maintain a diversification
by currency, geography, provider,
product and term.
Assets available to meet liabilities
and to cover outstanding loan
commitments include cash and
bank balances; loans and advances
to banks; and loans and advances
to customers. In the normal course of
business, a proportion of customer
loans contractually repayable
within one year will be extended.
In addition, certain assets have
been pledged to secure liabilities.
The Group would also be able to
meet unexpected net cash outflows
by selling strategic investments,
securities and accessing additional
funding sources such as undrawn
facilities.
4. Financial instruments
(continued)