Kenanga Investment Bank Berhad Annual Report 2021 324 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2021 Note Group and Bank 2021 RM’000 2020 RM’000 Income derived from investment of depositors’ funds (l) 29,229 46,905 Income derived from investment of shareholders’ funds (m) 6,725 8,404 Credit loss reversal 181 374 Total attributable income 36,135 55,683 Profit distributed to depositors (n) (18,262) (32,759) Net Income 17,873 22,924 Finance cost (864) (1,881) Personnel expenses (o)(i) (768) (749) Other overhead expenses (o)(ii) (3,065) (3,585) Profit before taxation and zakat 13,176 16,709 Taxation and zakat (3,472) (4,342) Profit for the financial year 9,704 12,367 Other comprehensive income Items that will be reclassified subsequently to profit or loss: Fair value (loss)/gain on debt instruments at FVOCI (5,435) 2,011 Income tax related to the above items 1,305 (492) Total other comprehensive income for the financial year, net of tax 5,574 13,886 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 2021 RM’000 2020 RM’000 Income derived from investment of depositors’ funds 29,229 46,905 Income derived from investment of shareholders’ funds 6,725 8,404 Total income before impairment allowances and overhead expenses 35,954 55,309 Profit distributed to depositors (18,262) (32,759) Finance cost (864) (1,881) Income from Islamic Banking Window operations reported in the statements of profit or loss of the Group and the Bank 16,828 20,669 Notes to the Financial Statements 31 December 2021
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