DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 74 28. Gains from other income 2017 2016 Fair value (losses) on investment properties 26,622 (4,627) Rental income from investment properties 3,958 4,157 Loss on disposal of investment properties (12,993) - Gains on disposal of subsidiaries - 1,631 Other 5,580 3,766 23,167 4,927 29. Staff costs 2017 2016 Salaries 81,020 76,633 Social security and other statutory costs 2,947 3,011 Pension and end of service 5,990 6,387 Other benefits 11,374 12,881 101,331 98,912 Other benefits include housing allowance, home leave, relocation expense, medical and health expense, training, severance costs and end of service benefit costs. 30. General and administrative expenses 2017 2016 Office expenses 49,906 46,299 Professional fees 15,038 17,878 Other 31,202 28,781 96,146 92,958 31. Proposed dividend No dividend has been proposed for 2017 (2016: Nil). 32. Taxes 2017 2016 Current taxes 17,089 15,214 Deferred taxes 9,336 10,293 26,425 25,507 The expected income tax expense for the Group is an aggregate of individual amounts representing the mix of profits and losses and the applicable tax rates in each jurisdiction. Consequently, the effective tax rate on consolidated income may vary from year to year, according to the source of earnings. Most affiliates of the Group operate in tax free jurisdictions.