DMIT_Annual_Report_2018_EN

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS Dar Al-Maal Al-Islami Trust 23 (c) Reconciliation of impairment allowance balance from IAS 39 to IFRS 9 The following table reconciles the prior period’s closing impairment allowance measured in accordance with the IAS 39 incurred loss model to the new impairment allowance measured in accordance with the IFRS 9 expected loss model at 1 January 2018: Measurement category Loan loss allowance under IAS 39 Reclassification Re-measurement Loan loss allowance under IFRS 9 Amortised cost Cash and cash equivalents - - - 119 Investment with Islamic institution - - - - Investments in financing 313,473 - 112,666 426,139 Accounts and other financial assets (excluding derivative financial instruments) 63,748 - 655 64,403 Cash at Central Bank – statutory reserve - - 24 24 Investment securities- held to maturity 19,185 - - 19,185 Subtotal 396,406 - 113,464 509,870 Fair value through other comprehensive income (FVOCI) Investment securities 155,515 - 94 155,609 Subtotal 155,515 - 9 155,609 Total 551,921 - 113,558 665,479