Page 80 - ICD AR21 EN

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
Operating activities
Net profit/ (loss) for the year Adjustments for:
Fair value (gain) / loss on equity investments, net Financing cost
Depreciation
Impairment (reversal) / allowance for financial assets Provision for employee pension liabilities
Assets written-off
Unrealized fair value loss (gain) on Sukuk investments Loss (gain) 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/ (used in) operations
Financing cost paid
Employee benefits liabilities paid
Net cash from / (used in) operating activities
Investing activity
Purchase of property and equipment
Financing activities
Proceeds / (repayment) of Sukuk issued Proceeds from Commodity Murabaha financing Repayments of Commodity Murabaha financing Share capital contribution
Net cash from / (used in) financing activities
Cash and cash equivalent at the beginning of the year
12
23 17 23
24
8,610,763
(8,394,621) 29,874,198 26,946,630 (4,114,634)
8,424,714 - 19,157,271 272,816
326,233,725 (197,127,780) (17,439,726) 47,333,039 (11,654,049) 3,752,054 (28,745,292) 497,073 (4,216,450) 18,542 199,428,273 (34,484,192) (5,345,611)
159,598,470 (175,597)
(300,000,000) 569,154,265 (632,463,712) 57,475,077
(305,834,370) 305,058,959
(15,226,578)
20,068,429 38,049,897 20,742,873 27,864,196
6,898,307 40,271,845 (25,195,278) (860,327)
(253,529,963) (535,035,262) 84,451,804 81,305,778 (40,907,116) 257,648 6,921,135 (20,927,332) 5,522,236 (47,776) (559,375,484) (43,991,160) (3,095,363)
(606,462,007) (73,508)
700,000,000
248,498,606 (266,827,178) 131,071,734
812,743,162 98,851,312
Note
2021 USD
2020 USD
80,777,137
112,613,364
Net (decrease) / increase in cash and cash equivalent
(146,411,497)
206,207,647
Cash and cash equivalent at the end of the year
5
158,647,462
305,058,959
78 ICD ANNUAL REPORT 2021