KENANGA ANNUAL REPORT 2018

109 ANNUAL REPORT 2018 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the financial year ended 31 December 2018 Note Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 (Restated) (Note 53) (Restated) (Note 53) Operating revenue 29 669,368 648,235 591,347 574,087 Interest income 30 266,237 245,945 257,307 238,240 Interest expense 31 (177,851) (159,116) (176,603) (160,313) Net interest income 88,386 86,829 80,704 77,927 Net income from Islamic banking operations 52(b) 15,760 11,082 15,760 11,082 Other operating income 32 347,900 368,147 279,301 303,313 Net income 452,046 466,058 375,765 392,322 Other operating expenses 33 (400,684) (411,190) (319,078) (330,904) Operating profit 51,362 54,868 56,687 61,418 Credit loss expenses 34 (29,823) (1,600) (29,848) (17) Bad debts recovered 35 13,860 707 13,860 707 Allowance for impairment on investments in subsidiaries 14 - - (2,136) (500) 35,399 53,975 38,563 61,608 Share of results of associates and a joint venture 15, 16 (6,548) (13,356) - - Profit before taxation and zakat 28,851 40,619 38,563 61,608 Taxation and zakat 40 (16,940) (16,453) (15,216) (16,227) Profit for the financial year 11,911 24,166 23,347 45,381 Other comprehensive income/(loss): Items that will not be reclassified subsequently to profit or loss: Share of other comprehensive (loss)/ income in associates (4,506) 1,872 - - Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation 1,385 (6,990) - - Fair value gain on debt instruments at FVOCI 7,948 - 7,948 - Other comprehensive income/(loss) c/f: 4,827 (5,118) 7,948 -