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 69 15. Investments in associates 2018 2017 At 1 January 220,207 700,802 Share of results before tax 37,387 22,977 Share of tax - 18 Dividends received - (22,484) Share of fair value (2,092) 8,009 Disposals - (3,374) Transferred as a result of reclassifying an investment in associate (114,690) - Reclassified from/(to) non-current assets held for sale 521,246 (477,182) Amortisation of intangibles - (6,459) Exchange differences (15,947) (2,100) At 31 December 646,111 220,207 Set out below are the associates of the Group as at 31 December 2018 and 2017, which, in the opinion of the Group management, are material. The associates as listed below have share capital consisting solely of ordinary shares, which are held directly by a subsidiary of the Group; the country of incorporation or registration is also their principal place of business. Nature of investment in associates Entity Place of business/country of incorporation % of ownership subsidiary % of ownership Group Measurement method 2018 Nassej B.S.C. (c) Bahrain 31 14 Equity BBK B.S.C Bahrain 25 12 Equity 2017 Nassej B.S.C. (c) Bahrain 31 14 Equity Solidarity Group Holding B.S.C. (c) Bahrain 36 17 Equity BBK B.S.C During December 2018, Solidarity Group Holding B.S.C. (C) was classified as a subsidiary (note 44). As a result, Solidarity's associate, Solidarity Saudi Takaful Company has been included as part of the Group's investment in associates. BBK B.S.C., one of the largest commercial banks in Bahrain with a presence in Kuwait, India and Dubai, provides services in the following four segments:  Retail Banking customer deposit, consumer finance and credit facilities;  Corporate Banking deposits and current account facilities to corporations;  International Banking loans, deposits and credit facilities to international units;  Investment Banking treasury and other activities.