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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
70
Dar Al-Maal Al-Islami Trust
Annual Report 2014
33. Non-controlling interests
(continues)
Summarised financial information on subsidiaries with material
non-controlling interests.
Set out below are the summarised financial information for each subsidiary that
has non-controlling interests that are material to the Group.
Ithmaar Bank B.S.C.
Period ended 31 December
Summarised Balance Sheet
2014
2013
Assets
6,357,748 6,091,243
Liabilities
5,640,336 5,339,398
Net assets
717,412
751,846
Summarised Income Statement
2014
2013
Income
165,535
114,648
Loss before income tax
(14,143)
(79,194)
Income tax expense
(9,892)
(3,797)
Post-tax loss
(24,035)
(82,991)
Other comprehensive income
(7,316)
(28,259)
Total comprehensive income
(31,351)
(111,250)
Total comprehensive income allocated
to non-controlling interests
(591)
12,568
Dividend paid to non-controlling interests
-
-
Summarised Cash Flows
2014
2013
Cash flows from operating activities
35,964
(3,544)
Cash generated from operations
174,590
394,639
Net (increase)/decrease in investments
(424,368)
(179,515)
Taxes paid
(12,724)
(12,528)
Foreign currency translation adjustments
19,177
(92,056)
Net (decrease)/increase
in cash and cash equivalents
(207,361)
106,996
Cash and cash equivalents
at beginning of year
947,430
840,434
Cash and cash equivalents at end year
740,069
947,430
The information above is the amount before intercompany eliminations.