KENANGA ANNUAL REPORT 2019

297 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (c) Statements of cash flows For the financial year ended 31 December 2019 Group and Bank 2019 2018 RM’000 RM’000 Cash flows from operating activities Profit before taxation and zakat 13,836 13,190 Adjustments for: Depreciation of plant and equipment (Note 52(o)(ii)) 6 45 Amortisation of intangible assets (Note 52(o)(ii)) 43 - Credit loss expense/(reversal) 680 (386) Realised (gain)/loss from sale of financial assets at FVTPL (1,288) 297 Realised gain from sale of financial investments at FVOCI (Note 52(l)) (1,245) (1,088) Unrealised loss/(gain) on revaluation of financial assets at fair value through profit or loss 62 (246) Operating profit before working capital changes 12,094 11,812 Changes in operating assets: Financing and advances 4,111 (1,728) Balances due from clients and brokers 519 6,568 Other assets 21,745 (3,664) Changes in operating liabilities: Deposits from customers (100,495) 455,462 Balances due to clients and brokers 958 334 Other liabilities (19,720) 17,152 Cash (used in)/generated from operating activities (80,788) 485,936 Taxation and zakat paid (340) (2,177) Net cash (used in)/generated from operating activities (81,128) 483,759 Cash flows from investing activity Purchase of plant and equipment - (30) Net purchase of securities 643,917 (596,248) Net cash flows generated from/(used in) investing activities 643,917 (596,278) Net change in cash and cash equivalents 562,789 (112,519) Cash and cash equivalents at beginning of the financial year 420,144 532,663 Cash and cash equivalents at end of the financial year 982,933 420,144