DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 38 4. Financial instruments (continued) Credit risk exposure relating to on-balance sheet assets is as follows: Maximum exposure 2017 2016 Cash and bank balances 1,008,457 923,378 Investments with Islamic institutions 196 130,336 Trading securities 314,851 27,010 Investments in financings: Corporate financing 852,679 1,036,324 Bank and other financial institutions 153,715 116,517 Agricultural financing 72,072 69,590 Government/public financing 382,336 492,647 Consumer financing 157,995 165,172 Other financing 194,160 153,819 Investment securities 1,592,880 1,811,316 Accounts and other financial assets (Note 12) 338,196 288,265 Total financial assets 5,067,537 5,214,374 Credit risk exposure relating to off-balance sheet items are as follows: Financial acceptances, performance bonds, guarantees and irrevocable letters of credit (Note 37) 1,265,309 1,193,839 Financing commitments, undrawn facilities and other credit related liabilities (Note 37) 1,429,714 1,149,330 Total off-balance sheet 2,695,023 2,343,169 At 31 December 7,781,089 7,576,072 Fair value of collateral 4,383,491 4,009,158 2017 2016 Neither past due nor impaired 4,451,965 4,800,848 Past due but not impaired 174,603 13,530 Impaired 440,969 399,996 Neither past due not impaired  Cash and bank balances are held with reputable financial institutions which are regulated by central banks in their local jurisdiction.  Trading securities and investment securities mainly comprise of treasury bills, bonds and sukuk which are guaranteed by the government of Pakistan and the credit risk is considered minimal.  Accounts and other financial assets are diversified and does not represent credit risk based on past history on these balances.  Investment in financing is diversified and in most cases backed by collaterals with values are assessed by the Group management on a periodic basis and generally covers substantial portion of the exposure. This balance also represents customers with minimal history of default.