DMIT Annual Report 2017

Dar Al-Maal Al-Islami Trust 20 C ONSOLIDATED S TATEMENT OF C ASH F LOWS FOR THE YEAR ENDED 31 D ECEMBER ( CONTINUED ) (Thousands of US dollars) Notes 2017 2016 (Restated) Cash flows from investing activities Purchase of investment property 13 (4,966) (12,352) Sale of investment property 13 23,526 8,261 Dividends from associated companies 15 22,484 18,202 Net decrease of investment securities 150,441 51,188 Purchase of property, plant and equipment and intangibles 16,17 (44,358) (12,693) Sale of property, plant and equipment and intangibles 16,17 3,608 4,966 Sale of subsidiaries 18 - (195) Acquired non-current assets via settlements 18 (1,005) (1,947) Net cash provided by investing activities 149,730 55,430 Cash flows from financing activities Dividends paid outflow (187) (79) Cash outflow return of shares of subsidiary (1,325) (2,654) Cash outflow on dividends paid to non-controlling interests (15,782) (7,136) Net cash used in financing activities (17,294) (9,869) Foreign currency translation adjustments 93,738 14,170 Net increase in cash and cash equivalents 75,824 149,646 Cash and cash equivalents at beginning of year 761,520 611,874 Cash and cash equivalents at end of year 837,344 761,520 Non-cash items included a transfer of investment amounting to USD 477,182 from investment for associate to non current asset held for sale. The notes on pages 21 to 93 form an integral part of these consolidated financial statements.