DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 64 15.Investments in associates (continued) Summarised statement of comprehensive income At 31 December Nassej B.S.C. (c) Solidarity Group Holding B.S.C. (c) BBK B.S.C. Total 2017 2016 2017 2016 2017 2016 2017 2016 Income 21,004 25,105 32,312 25,923 - 354,370 53,316 405,398 Expense (7,438) (8,930) (23,024) (16,813) - (201,125) (30,462) (226,868) Income tax expense - - (34) (32) - (2,643) (34) (2,675) Post-tax profit 13,567 16,175 9,254 9,078 - 150,602 22,821 175,855 Dividends received from associate 4,244 - 6,789 - - 18,203 411,033 18,203 As BBK B.S.C. has been reclassified to asset held-for-sale, the related statement of comprehensive income numbers are not stated. Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in associates. Nassej B.S.C. (c) Solidarity Group Holding B.S.C. (c) BBK B.S.C. Total 2017 2016 2017 2016 2017 2016 2017 2016 Opening net assets 349,133 333,682 209,335 185,797 - 927,035 558,468 1,446,514 Profit for the period 13,567 16,175 9,254 9,078 - 150,602 22,821 175,855 Other comprehensive income/(loss) 574 (465) (975) (1,143) - 28,806 (401) 27,198 Dividends - - - - - (71,722) - (71,722) Convertible capital securities issued - - - - - 228,619 - 228,619 Convertible capital securities accrued profit - - - - - (9,427) - (9,427) Return of capital - - - - - - - - Foreign exchange differences (19,038) (7,047) (7,886) 15,603 - 5,287 (26,924) 13,843 Closing net assets 344,236 342,345 209,728 209,335 - 1,259,200 553,964 1,810,880 Adjusted for convertible capital securities - - - - - (228,619) - (228,619) Adjusted net assets 344,236 342,345 209,728 209,335 - 1,030,581 553,964 1,030,581 % Interest in associates 31% 31% 36% 36% - 25% - 25% Attributable to the Group 106,713 106,127 75,502 75,361 - 258,099 171,729 171,294 Interest in associates 106,713 106,127 75,502 75,361 - 258,099 171,729 171,294 Goodwill - - - - - 110,952 - 110,952 Intangible assets - - - - - 76,462 - 76,462 Carrying value at 31 December 106,713 106,127 75,502 75,361 - 445,513 171,729 171,294