KENANGA ANNUAL REPORT 2017

For the financial year ended 31 December 2017 Note Group Bank 2017 RM'000 2016 RM'000 Restated (Note 55) 2017 RM'000 2016 RM'000 Restated (Note 55) Operating revenue 29 697,625 585,317 623,477 513,498 Interest income 30 295,335 255,187 287,630 240,387 Interest expense 31 (208,506) (166,458) (209,703) (163,095) Net interest income 86,829 88,729 77,927 77,292 Net income from Islamic banking operations 52(b) 11,082 15,933 11,082 15,933 Other operating income 32 368,147 304,696 303,313 250,283 Net income 466,058 409,358 392,322 343,508 Other operating expenses 33 (411,190) (377,058) (330,904) (311,406) Operating profit 54,868 32,300 61,418 32,102 (Allowance for)/Write back of impairment on: – loans, advances and financing 34 (292) (653) (97) 72 – balances due from clients and brokers and other receivables 35 (601) 1,439 787 1,439 – investment in subsidiaries 14 – – (500) – 53,975 33,086 61,608 33,613 Share of results of associates and joint venture 15, 16 (13,356) (549) – – Profit before taxation and zakat 40,619 32,537 61,608 33,613 Taxation and zakat 40 (16,453) (12,330) (16,227) (11,586) Profit for the financial year 24,166 20,207 45,381 22,027 Other comprehensive income/(loss): Items that may be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation (6,990) 2,735 – – Share of other comprehensive income in associates 1,872 3,106 – – Net gain on fair value changes of financial investments available-for-sale 3,333 7,122 3,333 7,122 Income tax relating to the components of other comprehensive income 19 (800) (1,709) (800) (1,709) Other comprehensive (loss)/income for the financial year, net of tax (2,585) 11,254 2,533 5,413 Total comprehensive income for the financial year, net of tax 21,581 31,461 47,914 27,440 Kenanga Investment Bank Berhad 90 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME