DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 62 15. Investments in associates 2017 2016 At 1 January 700,802 685,048 Share of results before tax 22,977 47,092 Share of tax 18 113 Dividends paid (22,484) (18,202) Share of fair value 8,009 1,165 Disposals (3,374) - Reclassified to non current assets held for sale (477,182) - Amortisation of intangibles (6,459) (6,749) Exchange differences (2,100) (7,665) At 31 December 220,207 700,802 Set out below are the associates of the Group as at 31 December 2017, which, in the opinion of the Group, are material. The associates as listed below have share capital consisting solely of ordinary shares, which are held directly by a subsidiary of the Group; the country of incorporation or registration is also their principal place of business. Nature of investment in associates Entity Place of business/country of incorporation % of ownership subsidiary % of ownership Group Measurement method 2017 Solidarity Group Holding B.S.C. (c) Bahrain 36 17 Equity Nassej B.S.C. (c) Bahrain 31 14 Equity 2016 Nassej B.S.C. (c) Bahrain 31 14 Equity Solidarity Group Holding B.S.C. (c) Bahrain 36 17 Equity BBK B.S.C. Bahrain 25 12 Equity The Group has initiated an active program to locate a buyer for certain assets. Accordingly, these assets were consequently presented as an asset classified as held for sale in the consolidate statement of financial position. At the reporting date, the assets classified as held for sale amounted to USD 477.1 million.