Page 100 - ICD AR21 EN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
(CONTINUED)
11 ISTISNA’A ASSETS
Istisna'a financing Accrued income
Less: deferred income
Less: allowance for credit losses (note 23)
12 EQUITY INVESTMENTS
22,053,098 26,759,648 532,909 402,310 (5,110,249) (5,934,146) 17,475,758 21,227,812 (1,629,527) (153,808)
31 December 2021 USD
31 December 2020 USD
15,846,231
21,074,004
The Corporation directly or through intermediaries, owns equity investments. Based on the effective holding of the Corporation, the investments in equity capital as at the end of the year comprised of the following:
31 December 2021 USD
31 December 2020 USD
Subsidiaries (note 12.1) Associates (note 12.2) Other investments
The movement in investments for the year is as follows:
At the beginning of the year
Additions 6,115,340 Transfer from Murabaha Financing 23,929,932 Disposals (1,299,980) Fair value gains / (losses) net 8,394,621
159,039,976 93,655,199 69,439,370
349,124,109 - - (6,921,135) (20,068,429)
163,492,352 124,545,107 71,236,999
359,274,458
322,134,545
31 December 2021 USD
31 December 2020 USD
322,134,545
At the end of the year
359,274,458
322,134,545
98 ICD ANNUAL REPORT 2021