DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 84 37. Contingent liabilities and commitments (continued) Naseej B.S.C. (c) carried at 31 December 2017 contingent liabilities of USD 32.4 million (2016: USD 32.4 million), of which the Group’s share was USD 4.2 million (2016: USD 4.2 million). These related to guarantees and letters of credit issued as part of their normal banking operations. Sanpak Engineering carried at 31 December 2017 contingent liabilities of USD 0.7 million (2016: USD 0.7 million), of which the Group’s share was USD 0.1 million (2016: USD 0.1 million). These related to guarantees and letters of credit issued as part of their normal banking operations. Commitments 2017 2016 Undrawn facilities, financing lines 1,113,423 778,514 Other commitments to finance 18,960 18,665 Repurchase and resale transactions 297,331 352,151 1,429,714 1,149,330 Operating lease commitments Commitments for operating leases included cars and office equipment. The future minimum lease payments under non-cancellable operating leases are as follows: 2017 2016 Not later than one year 4 12 Later than one year and not later than five years 16 - 20 12 Significant net open foreign currency position 462,584 696,497