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 55 7. Investments in financings (continued) Financings subject to finance leases 2018 Investment in finance leases receivable Unearned future finance income on finance leases Gross investment in finance leases Not later than one year 11,878 708 12,586 Later than one year and not later than five years 30,356 157 30,513 Later than five years 11 11 42,245 865 43,110 2017 Not later than one year 16,092 889 16,981 Later than one year and not later than five years 56,623 192 56,815 Later than five years 38 - 38 72,753 1,081 73,834 8. Collateral received and re-pledged There were no assets held as collateral against advances to financial institutions in the Group at 31 December 2018 (2017: Nil). Repossessed collateral Assets obtained by the Group during 2018 in the form of repossessed collateral as at 31 December 2018 amounted to USD 13.3 million (2017: USD 18.5 million). Repossessed properties are sold as soon as practicable, with the proceeds used to reduce the outstanding indebtedness.