Page 76 - ICD-AR22-English

Separate Statement of Cash Flows
FOR THE YEAR ENDED 31 DECEMBER 2022
Operating Activities
Net profit for the year 11,933,230
Adjustments for:
Depreciation 23,913,393
8,610,763
26,946,630
(4,114,634)
(8,394,621) 29,874,198 8,424,714 19,157,271 272,816
321,502,206
(197,127,780)
(17,439,726)
47,333,039
(11,654,049)
3,752,054
(28,745,292)
9,271,443
(8,462,413)
18,542
199,225,161
(34,484,192) (5,345,611)
159,395,358
(175,597)
(297,527,414) 569,154,265 (634,691,505) 57,475,077
(305,589,577) 305,058,959
Note
31 December 2022 USD
31 December 2021 USD
Impairment charge/ (reversal) for financial assets
Fair value gain on equity (net)
Financing Costs
Provision for employee pension liabilities
Sukuk fair value loss
(Gain) / loss on Islamic derivatives net of currency losses
Changes in operating assets and liabilities: Commodity Murabaha and Wakala placements Sukuk investments
Murabaha financing
Installment sales financing Ijarah Muntahia Bittamleek Istisna’a assets
Equity investments
Other assets
Accrued and other liabilities Amounts due to ICD Solidarity Fund
Cash from operations
Financing cost paid
Employee benefits liabilities paid
Net cash from operating activities
Investing Activity
Purchase of property and equipment
Financing Activities
Repayment of Sukuk issued
Proceeds from Commodity Murabaha financing Repayments of Commodity Murabaha financing Share capital contribution
Net cash used in financing activities
Cash and cash equivalent at the beginning of the year
25
18
22
5,452,122
- 40,827,957 4,750,997 - (4,335,075)
188,753,613
(22,131,955)
9,875,007
(136,269,777)
(7,729,229)
3,820,006
700,696
8,783,713
(27,170,234)
(31,572)
101,142,892
(35,418,179) (3,965,731)
61,758,982 (110,606)
- 584,705,307 (626,631,316) 3,813,019
(38,112,990) 158,689,143
82,542,624
80,777,137
Net increase/ (decrease) in cash and cash equivalent
23,535,386
(146,369,816)
Cash and cash equivalent at the end of the year
5
182,224,529
158,689,143
74 ICD ANNUAL REPORT 2022