KENANGA ANNUAL REPORT 2019

296 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2019 Group and Bank Note 2019 RM’000 2018 RM’000 Income derived from investment of depositors’ funds (l) 60,810 53,401 Income derived from investment of shareholders’ funds (m) 8,096 9,199 Credit loss (expense)/reversal (680) 386 Total attributable income 68,226 62,986 Profit distributed to the depositors (n) (48,668) (43,734) Net Income 19,558 19,252 Finance cost (2,256) (3,106) Personnel expenses (o) (747) (676) Other overhead expenses (o) (2,719) (2,280) Profit before taxation and zakat 13,836 13,190 Taxation and Zakat (3,822) (3,432) Profit for the financial year 10,014 9,758 Other comprehensive income Items that will be reclassified subsequently to profit or loss: Fair value gain on debt instruments at FVOCI 4,461 49 Income tax related to the above items (1,029) (12) Total other comprehensive income for the financial year, net of tax 13,446 9,795 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 2019 RM’000 2018 RM’000 Income derived from investment of depositors’ funds 60,810 53,401 Income derived from investment of shareholders’ funds 8,096 9,199 Total income before impairment allowances and overhead expenses 68,906 62,600 Profit distributed to depositors (48,668) (43,734) Finance cost (2,256) (3,106) Income from Islamic Banking Window operations reported in the statements of profit or loss of the Group and the Bank 17,982 15,760