Page 143 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
Income from Financing assets
Murabaha Financing
Installment Sales Financing
Ijarah Muntahia Bittamleek
Istisna'a assets
Other income
Administrative fees
Management Fees
Advisory Fees
Fair value gain on islamic derivatives net of exchange loss
Changes in operating assets & liabilities
Commodity Murabaha and Wakala placements Other assets
Accrued and other liabilities
Repayment of Sukuk Issued
Repayment of Commodity Murabaha Financing
-
1,690,299 16,006,527 13,425,057
949,745 - 3,321,266 1,279,224 6,372,501 (272,816)
32,071,628 32,071,628
(1,690,299) - (16,006,527) - (13,425,057) -
(949,745) - 10,700,175 10,700,175 (3,321,266) - (1,279,224) - (6,372,501) -
272,816 -
Statement of separate income statement for the year ended 31 December 2021
Balances as reported previously
Reclassification
Balances for the year ended 31 December 2021
USD
USD
USD
Net Profit
8,610,763
-
8,610,763
Separate statement of cash flows as of as of 31 December 2021
Balances as reported previously
Reclassification
Balances as of 31 December 2021
USD
USD
USD
326,233,725 497,073 (4,216,450)
(300,000,000) (632,463,712)
(4,731,519) 321,502,206 8,774,370 9,271,443 (4,245,963) (8,462,413)
2,472,586 (297,527,414) (2,227,793) (634,691,505)
Net Cash from used in operating activities
159,598,470
(203,112)
159,395,358
Net cash (used in)/from financing activities
(305,834,370)
244,793
(305,589,577)
Cash and cash Equivalent at end of the year
158,647,462
41,681
158,689,143
38 AUTHORIZATION FOR ISSUE
The financial statements were authorized for issue in accordance with the resolution of the Board of Directors
dated 03 April 2023 (corresponding to 12 Ramadan 1444 AH).
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 141