KENANGA ANNUAL REPORT 2017

52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (c) Statement of cash flows For the financial year ended 31 December 2017 Group and Bank 2017 RM’000 2016 RM’000 Cash flows from operating activities Profit before tax expense and zakat 8,164 13,197 Adjustments for: Depreciation of plant and equipment (Note 52(p)(ii)) 43 44 Fixed assets written off – 7 (Reversal of)/Allowances for Impairment (15) 210 Realised loss/(gain) from sale of financial assets at fair value through profit or loss 300 (2,739) Realised gain from sale of financial investments available-for-sale (1) (6,337) Unrealised (gain)/loss on revaluation of financial assets at fair value through profit or loss (45) 59 Operating profit before working capital changes 8,446 4,441 Changes in operating assets: Financing and advances (16,819) (96,105) Balances due from clients and brokers (7,473) (24) Other assets (21,511) 407 Changes in operating liabilities: Deposits from customers 408,483 138,446 Balances due to clients and brokers 1,322 56 Other liabilities 13,823 29,249 Cash generated from operating activities 386,271 76,470 Taxation and zakat paid (3,567) (2,163) Net cash generated from operating activities 382,704 74,307 Cash flows from investing activity Purchase of plant and equipment (10) (174) Net purchase of securities (10,669) (28,932) Net cash flows used in investing activities (10,679) (29,106) Net change in cash and cash equivalents 372,025 45,201 Cash and cash equivalents at beginning of the financial year 160,638 115,437 Cash and cash equivalents at end of the financial year 532,663 160,638 Kenanga Investment Bank Berhad 31 December 2017 214 notes to the financial statements