DMIT Annual Report 2017

Dar Al-Maal Al-Islami Trust 19 C ONSOLIDATED S TATEMENT OF C ASH F LOWS FOR THE YEAR ENDED 31 D ECEMBER (Thousands of US dollars) Notes 2017 2016 (Restated) Cash flows from operating activities (Loss) before taxes and non-controlling interests (20,048) (10,317) Adjustments for: Depreciation and amortisation 16,17 39,832 61,295 Fair value adjustments on trading securities 357 (267) Loss/(income) on retirement benefit plans (3,012) 484 Net trading income (22,996) (27,295) Income from associated companies 15 (19,621) (40,457) Disposal of subsidiary 28 - (1,631) Changes in fair value of investment properties 14 (26,622) 4,627 Provisions for impairment 9,10,16,17,22 (8,808) 4,546 Taxes paid (26,546) (17,232) Adjusted cash flow before changes in operating assets and liabilities (87,464) (26,247) Net decrease in investments with Islamic institutions 130,141 107,465 Net (increase)/ decrease of trading securities (302,163) 51,360 Net decrease/(increase) in investments in financings 221,111 (140,538) Net increase in accounts and other financial assets (33,816) (57,582) Net increase in accounts payable, excluding taxes 78,058 257,497 Cash at central banks - statutory reserve (9,255) (792) Net (decrease) in due to customers, banks and other financial institutions (146,962) (101,248) Net cash (used in)/ generated from operating activities (150,350) 89,915 The notes on pages 21 to 93 form an integral part of these consolidated financial statements.