DMIT_Annual_Report_2018_EN

Dar Al-Maal Al-Islami Trust 15 C ONSOLIDATED S TATEMENT OF I NCOME FOR THE YEAR ENDED 31 D ECEMBER (Thousands of US dollars) Notes 2018 2017 Income Fund management and services 34 91,421 98,312 Income from investments with Islamic institutions 3,794 3,157 Net trading income 24 23,069 22,996 Income from investments in financings 25 181,792 149,934 Fee and commission income 26 48,732 47,670 Gains from investment securities 10 69,835 73,238 Income from investments 27 11,416 18,411 Other gains and losses 28 4,572 23,167 434,631 436,885 Profit paid to financial institutions and customers (206,388) (181,080) Operating income 228,243 255,805 Expenses Staff costs 29 (92,868) (101,331) General and administrative expenses 30 (99,582) (96,146) Depreciation, amortisation and impairment of goodwill 16,17 (63,095) (39,832) Exchange (loss) (2,562) (20,445) Allowance for impairment 9 (15,870) (37,720) Total expenses (273,977) (295,474) Operating loss (45,734) (39,669) Share of profit of associated companies 15 28,284 19,620 Loss for the year before income taxes (17,450) (20,049) Taxes 32 (27,418) (26,425) Loss for the year (44,868) (46,474) Attributable to: Equity participants (27,510) (14,625) Non-controlling interests 33 (17,358) (31,849) (44,868) (46,474) ____________________________________ ____________________________________ Omar Abdi Ali Amr Mohammed Al Faisal Member of Board of Supervisor Chairman The notes on pages 21 to 95 form an integral part of these consolidated financial statements.