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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
48
Dar Al-Maal Al-Islami Trust
Annual Report 2014
11. Fair value of financial
instruments
(continued)
Assets and liabilities measured at fair value
At 31 December 2013
Level 1
Level 2
Level 3
Total
Trading securities
Equity securities
4,285
178
-
4,463
Debt securities
-
78,200
-
78,200
Investment securities -
available-for-sale
Equity securities
18,144
82,795
80,377 181,316
Debt securities
-
981,080
-
981,080
Hedging derivatives
-
3,614
-
3,614
Total assets
22,429 1,145,867
80,377 1,248,673
Derivatives held for trading
-
103
-
103
Total liabilities
-
103
-
103
Reconciliation of Level 3 items
Investment securities
Equity
Debt
Total
Total
securities securities Assets
liabilities
At 1 January 2013
85,087
-
85,087
-
Total profit/(loss)
(96)
-
(96)
-
Profit/(loss) - other comprehensive
income/(loss)
(4)
-
(4)
-
Purchases
692
-
692
-
Sales
(5,302)
-
(5,302)
-
Settlements
-
-
-
-
Transfers into Level 3
-
-
-
-
At December 2013
80,377
-
80,377
-
Total profit/(losses) for the year included in profit or loss for assets/liabilities held
At 31 December 2013
(96)
-
(96)
-
There were no transfers between Levels 1 and 2 during the year.