KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 280 KENANGA INVESTMENT BANK BERHAD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2018 Group and Bank Note 2018 2017 RM’000 RM’000 Income derived from investment of depositors’ funds (l) 53,401 31,917 Income derived from investment of shareholders’ funds (m) 9,199 7,803 Credit loss income 386 15 Total attributable income 62,986 39,735 Profit distributed to the depositors (n) (43,734) (25,786) Net Income 19,252 13,949 Finance cost (3,106) (2,852) Personnel expenses (o) (676) (591) Other overhead expenses (o) (2,280) (2,342) Profit before taxation and zakat 13,190 8,164 Taxation and Zakat (3,432) (2,177) Profit for the financial year 9,758 5,987 Other comprehensive income Items that will be reclassified subsequently to profit or loss: Fair value gain on debt instruments at FVOCI 49 917 Income tax related to the above items (12) (220) Total other comprehensive income for the financial year, net of tax 9,795 6,684 For consolidation with the conventional banking operations, income from Islamic Banking Window as shown on the face of the statements of profit or loss of the Group and the Bank comprise the following items: Group and Bank 2018 2017 RM’000 RM’000 Income derived from investment of depositors’ funds 53,401 31,917 Income derived from investment of shareholders’ funds 9,199 7,803 Total income before impairment allowances and overhead expenses 62,600 39,720 Profit distributed to depositors (43,734) (25,786) Finance cost (3,106) (2,852) Income from Islamic Banking Window operations reported in the statements of profit or loss of the Group and the Bank 15,760 11,082