DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 93 46. Restatement of consolidated financial statements (continued) Consolidated statement of financial position – 1 January 2016 As at Adjustments As at 1 January 2016 (as previously reported) 1 January 2016 (Restated) Assets Cash and bank balance 772,940 19,000 791,940 Investment property 335,180 179,000 514,180 Accounts and other financial assets 231,830 2,000 233,830 Intangible assets 512,439 (111,600) 400,839 Investment securities 1,875,944 (62,000) 1,813,944 Total assets 6,821,566 26,400 6,847,966 Liabilities Provisions 80,491 (12,174) 68,317 Accounts payable 817,641 (517,018) 300,623 Due to customers, banks and other financial institutions 5,075,602 546,018 5,621,620 Total liabilities 5,978,991 16,826 5,995,817 Equity Reserves 26,048 (85,326) (59,278) Non-controlling interests 426,211 94,900 521,111 Total equity 842,575 9,574 852,149 Restatement due to points 1, 3, 4 and 5 included in this note did not have any impact on the prior year consolidated statement of income. Restatement due to point 2 only impacted the 2016 reported profit or loss number as the investment was bought in 2016. The impact is summarised below. Consolidated statement of income for the year ended 31 December 2016 For the year ended Adjustments For the year ended 31 December 2016 (as previously reported) 31 December 2016 (Restated) Income Net trading income 16,028 11,267 27,295