DMIT Annual Report 2017

Dar Al-Maal Al-Islami Trust 16 C ONSOLIDATED S TATEMENT OF I NCOME FOR THE YEAR ENDED 31 D ECEMBER (Thousands of US dollars) Notes 2017 2016 (Restated) Income Fund management and services 34 98,312 51,979 Income from investments with Islamic institutions 3,157 6,482 Net trading income 24 22,996 27,295 Income from investments in financings 25 149,934 146,753 Fee and commission income 26 47,670 46,093 Gains from investment securities 10 73,238 92,064 Income from investments 27 18,411 26,959 Gains from other income 28 23,167 4,927 436,885 402,552 Profit paid to financial and other institutions (21,794) (16,484) Profit paid to customers (159,286) (152,254) Operating income 255,805 233,814 Expenses Staff costs 29 (101,331) (98,912) General and administrative expenses 30 (96,146) (92,958) Depreciation, amortisation and impairment of goodwill 16,17 (39,832) (61,294) Exchange (loss)/gain (20,445) 3,713 Allowance for impairment (37,719) (14,503) Total expenses (295,473) (263,954) Operating loss (39,668) (30,140) Share of profit of associated companies 15 19,620 40,457 (Loss)/income before income taxes (20,048) 10,317 Taxes 32 (26,425) (25,507) Loss after income taxes (46,473) (15,190) Attributable to: Equity participants (14,625) (36,417) Non-controlling interests 33 (31,849) 21,227 (46,473) (15,190) ____________________________________ ____________________________________ Omar Abdi Ali Amr Mohammed Al Faisal Member of Board of Supervisor Chairman The notes on pages 21 to 93 form an integral part of these consolidated financial statements.