DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 48 7. Investments in financings (continued) Financings subject to finance leases 2017 Investment in finance leases receivable Unearned future finance income on finance leases Gross investment in finance leases Not later than one year 16,092 889 16,981 Later than one year and not later than five years 56,623 192 56,815 Later than five years 38 - 38 72,753 1,081 73,834 2016 Investment in finance leases receivable Unearned future finance income on finance leases Gross investment in finance leases Not later than one year 17,016 578 17,594 Later than one year and not later than five years 71,652 10,722 82,374 Later than five years - - - 88,668 11,300 99,968 8. Collateral received and re-pledged There were no assets held as collateral against advances to financial institutions in the Group at 31 December 2017 (2016: Nil). Repossessed collateral Assets obtained by the Group during 2017 in the form of repossessed collateral amounted to USD 18.5 million (2016: USD 18.5 million). Repossessed properties are sold as soon as practicable, with the proceeds used to reduce the outstanding indebtedness.