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 57 10. Investment securities 2018 2017 Investment securities available-for-sale - 1,393,742 Investment securities carried at fair value through other comprehensive income (FVOCI) 1,258,479 - Investment securities carried at fair value through profit or loss (debt) 76,878 76,878 Investment securities held to maturity (debt) - 122,260 Investment securities at amortised cost (debt) 167,639 - 1,502,996 1,592,880 Gains from investment securities Investment securities at FVOCI 70,516 84,005 (Losses)/gains on investment securities at FVOCI (723) (425) Term finance certificates 42 116 69,835 83,696 The movement in investment securities at FVOCI is summarised as follows: 2018 2017 At 1 January 1,393,742 1,531,717 Additions 3,344,713 3,710,005 Disposals (3,149,332) (3,758,700) Net (losses) from changes in fair value (21,780) (5,634) Losses fair value designated to income (723) (425) Exchange differences (283,845) (72,804) Reversal of impairment provision 40 547 Provision for impairment (24,336) (10,964) At 31 December 1,258,479 1,393,742 The movement in investment securities at amortised cost is summarised as follows: 2018 2017 At 1 January 122,260 200,098 Additions 102,065 23,284 Matured (30,854) (93,397) Provision for impairment (369) (41) Exchange differences (25,463) (7,684) At 31 December 167,639 122,260 The carrying value of investment securities at amortised cost (net of impairment provision) approximates fair value. 11. Fair value of financial instruments The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:  Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1);