DMIT_Annual_Report_2018_EN

Dar Al-Maal Al-Islami Trust 18 C ONSOLIDATED S TATEMENT OF C ASH F LOWS FOR THE YEAR ENDED 31 D ECEMBER (Thousands of US dollars) Notes 2018 2017 Cash flows from operating activities (Loss) before taxes and non-controlling interests (17,450) (20,049) Adjustments for: Depreciation and amortisation 16,17 63,095 39,832 Fair value adjustments on trading securities 3,104 357 Loss/(income) on retirement benefit plans 111 (3,012) Net trading income 24 (23,039) (22,996) Income from associated companies 15 (28,284) (19,621) Changes in fair value of investment properties 14 6,769 (26,622) Provisions for impairment 9,10,16,17,22 (53,920) (8,808) Taxes paid (19,728) (26,546) Adjusted cash flow before changes in operating assets and liabilities (69,342) (87,465) Net (increase)/ decrease in investments with Islamic institutions (110,930) 130,141 Net (increase)/ decrease of trading securities (34,653) (302,163) Net decrease/(increase) in investments in financings (13,696) 221,111 Net increase in accounts and other financial assets (67,370) (33,816) Net increase in accounts payable, excluding taxes 118,469 78,058 Cash at central banks - statutory reserve 16,092 (9,255) Net (decrease) in due to customers, banks and other financial institutions (108,331) (146,962) Net cash (used in)/ generated from operating activities (269,761) (150,351) The notes on pages 21 to 95 form an integral part of these consolidated financial statements.