KENANGA ANNUAL REPORT 2019

122 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Bank Note 2019 RM'000 2018 RM'000 (Restated) (Note 53) 2019 RM'000 2018 RM'000 (Restated) (Note 53) Operating revenue 29 650,823 669,368 549,955 591,347 Interest income 30 244,152 260,851 236,401 251,921 Interest expense 31 (158,731) (177,851) (162,896) (176,603) Net interest income 85,421 83,000 73,505 75,318 Net income from Islamic banking operations 52(b) 17,982 15,760 17,982 15,760 Other operating income 32 346,628 353,286 247,913 284,687 Net income 450,031 452,046 339,400 375,765 Other operating expenses 33 (418,187) (400,684) (315,121) (319,078) Operating profit 31,844 51,362 24,279 56,687 Credit loss reversal/(expenses) 34 15,216 (29,823) 12,926 (29,848) Bad debts recovered 35 3,464 13,860 3,464 13,860 Allowance for impairment on investments in subsidiaries 13 - - (293) (2,136) 50,524 35,399 40,376 38,563 Share of results of associates and a joint venture 14, 15 (7,573) (6,548) - - Profit before taxation and zakat 42,951 28,851 40,376 38,563 Taxation and zakat 40 (16,565) (16,940) (14,071) (15,216) Profit for the financial year 26,386 11,911 26,305 23,347 Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: Fair value loss on equity instruments at fair value through other comprehensive income ("FVOCI") (666) - (666) - Share of other comprehensive income/ (loss) in associates 5,457 (4,506) - - Income tax related to the above 160 - 160 - Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation (994) 1,385 - - Fair value gain on debt instruments at FVOCI 11,626 7,948 11,626 7,948 Other comprehensive income c/f: 15,583 4,827 11,120 7,948