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 54 5. Cash and cash equivalents and investments in Islamic institutions 5.1 Cash and cash equivalents 2018 2017 Cash on hand 129,165 126,999 Cash at central banks - current account 141,463 200,362 Cash at other banks 360,127 509,983 Cash and cash equivalents 630,755 837,344 Cash at central banks - statutory reserve 167,661 171,113 Cash and bank balances 798,416 1,008,457 All cash at other banks have original maturities of less than 3 months. The cash at central bank-statutory reserve is not available for use. 5.2 Investments with Islamic institutions Investments with Islamic institutions represent placements of a short term nature carried for a period less than 1 year and earn average profit rate of 7.57% (2017: 5.99%). 6. Trading securities 2018 2017 Trading securities - at fair value - Government securities 278,210 304,895 - Corporate securities 82,010 9,956 Trading securities 360,220 314,851 The movement in trading securities is summarised as follows: 2018 2017 At 1 January 314,851 27,010 Additions 4,465,248 6,029,059 Disposals (4,430,525) (5,725,123) Loss on trading (Note 25) (1,315) (1,213) Revaluation of trading securities (Note 25) (3,104) (2,980) Exchange differences 15,065 (11,902) At 31 December 360,220 314,851 7. Investments in financings 2018 2017 Islamic investments in financings 2,148,929 2,052,596 Financings subject to finance leases 43,110 73,834 Provision for expected credit losses (Note 9) (355,130) (313,473) Investments in financings 1,836,909 1,812,957 Islamic investments in financings largely comprise conventional loans and advances made by a subsidiary of the Group.