DMIT_Annual_Report_2018_EN

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 44 2018 Stage 1 Stage 2 Stage 3 12-month ECL USD’000 Lifetime ECL USD’000 Lifetime ECL USD’000 Total USD’000 Fair value through other comprehensive income (FVOCI) Investment securities Loss allowance as at 1 January (94) - (155,515) (155,609) New financial assets originated (9) - (24,287) (24,296) Loss allowance as at 31 December (103) - (179,802) (179,905) Gross carrying amount The following table further explains the changes in the gross carrying amount from 1 January to 31 December 2018: 2018 Stage 1 Stage 2 Stage 3 12-month ECL USD’000 Lifetime ECL USD’000 Lifetime ECL USD’000 Total USD’000 Amortised cost Cash and cash equivalents Gross carrying amount as at 1 January 2018 837,344 - - 837,344 New financial assets originated (206,470) - - (206,470) Gross carrying amount as at 31 December 2018 630,874 - - 630,874 Investments with Islamic institutions Gross carrying amount as at 1 January 2018 196 - - 196 New financial assets originated 110,930 - - 110,930 Gross carrying amount as at 31 December 2018 111,126 - - 111,126 Investments in financing Gross carrying amount as at 1 January 2018 1,679,866 75,414 371,150 2,126,430 New financial assets originated 115,097 (5,328) (44,161) 65,609 Gross carrying amount as at 31 December 2018 1,794,963 70,086 326,990 2,192,039