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 75 17. Intangible assets Goodwill Customer relations Core deposits Other Total 2018 Year ended 31 December Opening net book amount 217,323 45,340 50,227 4,912 317,802 Acquisition of subsidiaries (17.1) 15,924 - - 6,482 22,406 Foreign exchange (288) (1,675) 802 (580) (1,741) Amortisation/impairment (39,000) (6,260) (8,063) (2,293) (55,616) Closing net book amount 193,959 37,405 42,966 8,521 282,851 At 31 December Cost 420,759 111,893 173,522 41,444 747,618 Accumulated amortisation and impairment (226,800) (74,488) (130,556) (32,923) (464,767) Net book amount 193,959 37,405 42,966 8,522 282,851 Goodwill Customer relations Core deposits Other Total 2017 Year ended 31 December Opening net book amount 217,323 52,374 72,806 5,607 348,110 Additions - - - 2,075 2,075 Foreign exchange - (408) - - (408) Amortisation/impairment - (6,626) (22,579) (2,770) (31,975) Closing net book amount 217,323 45,340 50,227 4,912 317,802 At 31 December Cost 293,523 113,568 172,720 34,962 726,373 Accumulated amortisation and impairment (76,200) (68,227) (122,494) (30,050) (408,571) Net book amount 217,323 45,341 50,226 4,912 317,802 The carrying amount of goodwill has been allocated to cash-generating units as follows: 2018 2017 Ithmaar Holding B.S.C 193,959 217,323 193,959 217,323