KENANGA ANNUAL REPORT 2017

52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (d) Statement of changes in Islamic banking funds For the financial year ended 31 December 2017 Non-distributable Distributable Islamic Available Regula- banking for-sale tory Capital Retained fund reserve reserve reserve* profits Total Group and Bank RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 1 January 2017 120,000 (649) 1,663 5,248 8,568 134,830 Profit for the financial year – – – – 5,987 5,987 Other comprehensive income for the financial year – 697 – – – 697 Transfer to regulatory reserve – – 265 – (265) – At 31 December 2017 120,000 48 1,928 5,248 14,290 141,514 At 1 January 2016 120,000 (497) 602 – 5,248 125,353 Profit for the financial year – – – – 9,629 9,629 Other comprehensive loss for the financial year – (152) – – – (152) Merger adjustment – – – 5,248 (5,248) – Transfer to regulatory reserve – – 1,061 – (1,061) – At 31 December 2016 120,000 (649) 1,663 5,248 8,568 134,830 * Capital reserve arised from the merger adjustment to reflect the capital restructuring as a result of the group internal reorganisation exercise. (e) Cash and bank balances Group and Bank 2017 RM’000 2016 RM’000 Current account with BNM and banks 3,763 88 Money at call and deposit placements with: Licensed banks 388,900 80,550 Bank Negara Malaysia 140,000 80,000 532,663 160,638 Annual Report 2017 31 December 2017 215 notes to the financial statements