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 87 36. Related party transaction and balances (continued) a) Loans to key management personnel 2018 2017 Loans Loans outstanding at 1 January 1,550 1,107 Loans issued during the year 844 1,378 Loan repayments during the year (594) (891) Foreign exchange (290) (44) Loans outstanding at 31 December 1,510 1,550 No provisions were recognised in respect of loans given to related parties (2017: USD Nil). Loans advanced to key management personnel bear no return and are unsecured. b) Loans to employees All employees of the Group are entitled to receive employee loans on favourable terms not equivalent to those of transactions made on an arm’s length basis. Included in accounts receivable are amounts due from employees at 31 December 2018 of USD 19.5 million (2017: USD 23.6 million). c) Current and investment accounts Associated companies Period ended 2018 2017 Amounts receivable from: Naseej B.S.C. (c) 10,456 10,456 Amounts payable to: Naseej B.S.C. (c) 118,312 51,667 d) Key management compensation 2018 2017 Salaries and other short term benefits 11,196 13,262 Post-employment benefits 100 221 Other long term benefits 345 341 11,641 13,824 Related party transactions, balances and other relevant disclosures with IICG FUM are disclosed in Note 15 Note 34.