Kenanga Investment Bank Berhad Annual Report 2021 150 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Note Group Bank 2021 RM'000 2020 RM'000 2021 RM'000 2020 RM'000 Operating revenue 29 891,491 973,762 709,706 835,533 Interest income 30 210,372 218,921 204,444 211,483 Interest expense 31 (99,561) (120,507) (110,249) (128,459) Net interest income 110,811 98,414 94,195 83,024 Net income from Islamic banking operations 52(b) 16,828 20,669 16,828 20,669 Other operating income 32 656,881 707,453 492,654 578,130 Net income 784,520 826,536 603,677 681,823 Other operating expenses 33 (648,490) (700,163) (484,741) (571,244) Operating profit 136,030 126,373 118,936 110,579 Credit loss expense 34 (1,900) (5,852) (1,935) (5,049) Bad debts recovered 35 513 1,408 543 1,408 Reversal of impairment loss on investment in an associate - - 12,200 - Impairment loss on investment in a subsidiary 13 - - (9,323) - 134,643 121,929 120,421 106,938 Share of results of associates and a joint venture 14, 15 13,593 12,786 - - Profit before taxation and zakat 148,236 134,715 120,421 106,938 Taxation and zakat 40 (29,421) (32,430) (25,605) (28,795) Profit for the financial year 118,815 102,285 94,816 78,143 Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: Fair value (loss)/gain on equity instruments at fair value through other comprehensive income (“FVOCI”) (529) 902 (529) 902 Share of other comprehensive income in associates 6,103 4,801 - - Income tax related to the above 19 127 (216) 127 (216) Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation 2,648 (1,233) - - Other comprehensive income/(loss) carried forward: 8,349 4,254 (402) 686 Statements of Profit or Loss and Other Comprehensive Income For the financial year ended 31 December 2021
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