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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
68
Dar Al-Maal Al-Islami Trust
Annual Report 2014
27. Dividend income
28. Gains/(losses)
from other income
29. Staff costs
30. General and
administrative expenses
31. Proposed dividend
32. Taxes
2014
2013
Investment securities held to maturity
16,212
3,865
Investment securities available-for-sale
2,459
7,383
18,671
11,248
Investment securities dividend income represents a mixture of dividend and
profit rate income.
2014
2013
Fair value gain/(loss) on investment properties
(19,567)
(2,591)
Rental income from investment properties
5,989
3,807
Other
1,264
4,250
(12,314)
5,466
2014
2013
Salaries
75,005
84,613
Social security and other statutory costs
3,457
3,800
Pension and end of service
8,119
2,573
Other benefits
22,299
15,348
108,880
106,334
Other benefits include housing allowance, home leave, relocation expense,
medical and health expense, training, severance costs and end of service
benefit costs.
2014
2013
Office expenses
56,658
52,438
Professional fees
14,759
14,241
Other
21,726
19,902
93,143
86,581
No dividend has been proposed for 2014 (2013: $Nil).
2014
2013
Current taxes
9,874
(4,346)
Loss/(gain) on deferred taxes
19
8,144
9,893
3,798
The expected income tax expense for the Group is an aggregate of individual
amounts representing the mix of profits and losses and the applicable tax rates
in each jurisdiction. Consequently, the effective tax rate on consolidated income
may vary from year to year, according to the source of earnings. Most affiliates
of the Group operate in tax free jurisdictions.