DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 61 14. Fair values of land and buildings (continued) Information about fair value measurements using significant unobservable inputs (Level 3) for significant properties Description Fair Value Valuation technique(s) Unobservable inputs Range of unobservable inputs (probability – weighted average) Relationship of unobservable inputs to fair value Domaine Saint Alexandre Canada 12,264 (i) Sales Comparable Approach & (ii) Income (Direct) Capitalisation Approach (i) Price per square foot & (ii) present value of Net Operating Income (after all costs and expenses) Capitalisation Net Marketable Area CAD .70- 2.70 (CAD 2.70), Sales Comparable Rate CAD 9.13- 24.46 (CAD 14.62) , or CAD 9.13-9.80 (CAD 9.55), or CAD 15.48-24.46 (CAD 18.84) 15% (i) The higher the price per square foot the higher the fair value. (ii) The higher the estimated cost the lower the fair value. 968 Cost Approach (Replacement Cost) Cost of land including vacant building per square foot Land CAD 18.00, Office building CAD 235.89 Replacement cost which represents the highest and best use of land and building will have impact on fair value. Richmond Road Canada 3,351 Sales Comparison Approach Price per square foot CAD 20.00- 25.00 (CAD 22.50) The higher the price per square foot the higher the fair value. Barbar Land Bahrain 62,115 Sales Comparable & Market Value Approach Price per square foot BD 15.02 The higher the price per square foot the higher the fair value. Polish Assets Poland 37,921 Residual Method Price per square meter PLN 2,300- 8,678 per square meter (PLN 6,506 per square meter) The higher the price per square meter the higher the fair value. Health Island Bahrain 76,507 Sales Comparable Approach Price per square foot BD 31.51 The higher the price per square foot the higher the fair value.