Page 123 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
25 IMPAIRMENT ALLOWANCE
Cash and cash equivalents
Commodity Murabaha and Wakala placements
Sukuk investments Murabaha financing Installment sales financing Ijarah Muntahia Bittamleek Istisna’a assets
Other assets
655
14,078,240
10,585,098 48,982,542 22,733,364 35,001,964
1,629,527 2,701,219
(264)
(2,431,969)
2,692,741
5,545,897 (3,541,817) (10,321,913) (1,533,326) 2,810,150
- 391
- 11,646,271
- 13,277,839
885,147 55,413,586
- 19,191,547
- 24,680,051
- 96,201
- 5,511,369
2022
Credit loss as at 1 January 2022
Credit loss charged (reversal)/ for the year
Recovery from assets written off during the year
Credit loss as at 31 December 2022
USD
USD
USD
USD
135,712,609
(6,780,501)
885,147
129,817,255
Equity investments
-
12,232,623
-
12,232,623
Total
135,712,609
5,452,122
885,147
142,049,878
2021
Credit loss as at 1 January 2021
Credit loss charged (reversal)/ for the year
Recovery from assets written off during the year
Credit loss as at 31 December 2021
USD
USD
USD
USD
Cash and cash equivalents
Commodity Murabaha and Wakala placements
Sukuk investments Murabaha financing Installment sales financing Ijarah Muntahia Bittamleek Istisna’a assets
Other assets
3,096
9,882,802
11,920,745 43,205,224 18,352,241 52,783,631
153,808 3,525,696
(2,441)
4,195,438
(1,335,647) 5,777,318 4,381,123
(17,781,667) 1,475,719 (824,477)
- 655
- 14,078,240
- 10,585,098
- 48,982,542
- 22,733,364
- 35,001,964
- 1,629,527
- 2,701,219
Total
139,827,243
(4,114,634)
-
135,712,609
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 121