DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 76 33. Non-controlling interests (continued) Summarised financial information on subsidiaries with material non-controlling interests. Set out below are the summarised financial information for significant subsidiary that has non-controlling interests that are material to the Group. Ithmaar Holding B.S.C. Period ended 31 December Summarised Balance Sheet 2017 2016 Assets 6,804,411 6,556,762 Liabilities 6,290,332 5,961,276 Net assets 514,080 595,486 Summarised Income Statement 2017 2016 Income 203,668 229,473 (Loss)/gain before income tax (40,187) 44,383 Income tax expense (26,424) (25,503) Post-tax (loss)/gain (66,612) 18,880 Other comprehensive income 20,781 1,868 Total comprehensive (loss)/income (45,831) 20,748 Total comprehensive income/(loss) allocated to non-controlling interests 18,662 12 Dividend paid to non-controlling interests - - Summarised Cash Flows 2017 2016 Cash flows from operating activities 26,171 52,176 Cash generated from operations 251,487 143,659 Net (increase) in investments (183,566) (22,704) Taxes paid (22,731) (14,791) Foreign currency translation adjustments 13,329 (27,259) Net increase/(decrease) in cash and cash equivalents 84,690 131,081 Cash and cash equivalents at beginning of year 878,640 747,559 Cash and cash equivalents at end year 963,330 878,640 The information above is the amount before intercompany eliminations.