KENANGA ANNUAL REPORT 2020

126 5 1 2 3 4 6 7 FINANCIAL STATEMENTS STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME As at 31 December 2020 Note Group Bank 2020 RM’000 2019 RM’000 (Restated) 2020 RM’000 2019 RM’000 Operating revenue 29 973,762 651,270 835,533 549,955 Interest income 30 218,921 244,152 211,483 236,401 Interest expense 31 (120,507) (160,171) (128,459) (162,896) Net interest income 98,414 83,981 83,024 73,505 Net income from Islamic banking operations 52(b) 20,669 17,982 20,669 17,982 Other operating income 32 707,453 347,400 578,130 247,913 Net income 826,536 449,363 681,823 339,400 Other operating expenses 33 (700,163) (418,187) (571,244) (315,121) Operating profit 126,373 31,176 110,579 24,279 Credit loss (expense)/reversal 34 (5,852) 15,216 (5,049) 12,926 Bad debts recovered 35 1,408 3,464 1,408 3,464 Allowance for impairment on investments in subsidiaries 13 - - - (293) 121,929 49,856 106,938 40,376 Share of results of associates and a joint venture 14,15 12,786 (6,905) - - Profit before taxation and zakat 134,715 42,951 106,938 40,376 Taxation and zakat 40 (32,430) (16,565) (28,795) (14,071) Profit for the financial year 102,285 26,386 78,143 26,305 Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: Fair value gain/(loss) on equity instruments at fair value through other comprehensive income (“FVOCI”) 902 (666) 902 (666) Share of other comprehensive income in associates 4,801 5,457 - - Income tax related to the above 19 (216) 160 (216) 160 Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation (1,233) (994) - - Fair value gain on debt instruments at FVOCI 5,252 11,626 5,252 11,626 Other comprehensive income carried forward: 9,506 15,583 5,938 11,120