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 58  Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2);  Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). In the opinion of Group management, the fair value of those financial instruments which are measured at amortised cost in the consolidated statement of financial position are not significantly different from their carrying values since financial assets and liabilities are either short term in nature or in the case of customer financing and deposits, are linked to the market variable rates and hence are being regularly repriced. Assets and liabilities measured at fair value At 31 December 2018 Level 1 Level 2 Level 3 Total Trading securities Equity securities 56,497 8,568 12,205 77,270 Debt securities 51,947 231,003 - 282,951 Investment securities - carried at fair value through profit or loss Debt securities - - 76,878 76,878 Investment securities - investment securities at FVOCI Equity securities 108,311 217 87,917 196,445 Debt securities - 1,061,803 - 1,061,803 Total financial assets measured at fair value 216,755 1,301,591 177,000 1,607,468 Derivatives held for trading - (5,517) - (5,517) Total financial liabilities measured at fair value - (5,517) - (5,517) Reconciliation of Level 3 items Investment securities Equity securities Debt securities Total assets Total liabilities At 1 January 2018 84,446 - 84,446 - Total (losses)/gains (15,352) - (15,352) - Gains - other comprehensive income (10,973) - (10,973) - Purchases - 12,205 12,205 - Sales - - - - Transfers into Level 3 135,957 - 135,957 - Transfer out of Level 3 (29,283) - (29,283) - At 31 December 2018 164,795 12,205 177,000 - Total profit for the year included in profit or loss for financial assets/liabilities held At 31 December 2018 (15,352) - (15,352) -