DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 69 17. Intangible assets Goodwill Customer relations Core deposits Other Total 2017 Year ended 31 December Opening net book amount 217,323 52,374 72,806 5,607 348,110 Additions - - - 2,075 2,075 Disposals - - - - - Foreign exchange - (408) - - (408) Amortisation/impairment - (6,626) (22,579) (2,770) (31,975) Closing net book amount 217,323 45,340 50,227 4,912 317,802 At 31 December Cost 293,523 113,568 172,720 34,962 726,373 Accumulated amortisation and impairment (76,200) (68,227) (122,494) (30,050) (408,571) Net book amount 217,323 45,341 50,226 4,912 317,802 2016 (restated) Year ended 31 December Opening net book amount 253,009 58,728 82,597 6,505 400,839 Additions - - - 2,105 2,105 Disposals - - - (641) (641) Foreign exchange - 506 - 219 725 Amortisation/impairment (35,686) (6,860) (9,791) (2,581) (54,918) Closing net book amount 217,323 52,374 72,806 5,607 348,110 At 31 December Cost 293,523 113,975 172,720 32,878 613,096 Accumulated amortisation and impairment (76,200) (61,601) (99,914) (27,271) (264,986) Net book amount 217,323 52,374 72,806 5,607 348,110 The carrying amount of goodwill has been allocated to cash-generating units as follows: 2017 2016 Ithmaar Holding B.S.C 217,323 217,323 217,323 217,323