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 73 15. Investments in associates (continued) The summarised financial information of the Group’s principal associates is as follows: Name and Country of incorporation Assets Liabilities Income Profit/(loss) % holding Subsidiary Group 2017 Unlisted: Solidarity Group Holding B.S.C. (c) (Bahrain) 397,260 187,532 32,312 9,254 36 17 Sanpak Engineering (Pakistan) 9,508 6,649 2,775 1,276 31 14 *Misr Company for Packing Materials “Egywrap” (Egypt) 13,667 6,036 866 539 23 11 Faysal Asset Management Limited (Pakistan) 1,929 306 1,254 (596) 30 14 *Ithraa Capital (Saudi Arabia) 19,418 1,231 2,870 235 23 11 Naseej B.S.C. (c) (Bahrain) 425,716 77,236 21,004 13,567 31 14 *Chase Manara B.S.C. (c) (Bahrain) 5,427 58 - - 40 19 *Islamic Trading Company E.C. (Bahrain) 1,240 214 34 (175) 24 11 *Emerging Markets Partnership Bahrain B.S.C. (c) (Bahrain) 2,054 833 - - 40 19 *For some of the associates, published information is not available for 31 December 2017 and therefore the income and profit and loss have been arrived at by using the last available audited financial statements. For presentation purposes, the assets and liabilities for these associates, however, represent the amounts as per the last audited financial statements. The summarised financial information of the Group’s principal associates is as follows: Name and Country of incorporation Assets Liabilities Income Profit/ (loss) Published price quotation Carrying value per share % holding Subsidiary Group 2018 Listed: BBK B.S.C. (Bahrain) 9,508,097 8,179,615 416,500 179,552 BHD .45 BHD .60 25 12 Included in investment in associates at 31 December 2018 is USD 110.9 million (2017: Nil) of goodwill. The movement is as follows: 2018 2017 At 1 January - 110,939 Reclassified to assets held for sale - (110,939) Reclassified to associates companies 110,939 At 31 December 110,939 -