Kenanga Investment Bank Berhad Annual Report 2021 326 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (d) Statements of changes in Islamic banking funds For the financial year ended 31 December 2021 Group and Bank Non-distributable Distributable Islamic banking fund RM’000 Fair value reserve RM’000 Regulatory reserve RM’000 ESS reserve RM’000 Capital reserve* RM’000 Retained profits RM’000 Total RM’000 At 1 January 2021 120,000 5,036 2,442 19 5,248 45,649 178,394 Profit for the financial year - - - - - 9,704 9,704 Other comprehensive loss for the financial year - (4,130) - - - - (4,130) Share based payment under ESS - - - 3 - (6) (3) Transfer to retained profits - - - (9) - 9 - Transfer from regulatory reserve - - (128) - - 128 - At 31 December 2021 120,000 906 2,314 13 5,248 55,484 183,965 At 1 January 2020 120,000 3,517 2,503 15 5,248 33,221 164,504 Profit for the financial year - - - - - 12,367 12,367 Other comprehensive income for the financial year - 1,519 - - - - 1,519 Issuance of shares pursuant to ESOS - - - 4 - - 4 Transfer from regulatory reserve - - (61) - - 61 - At 31 December 2020 120,000 5,036 2,442 19 5,248 45,649 178,394 * Capital reserve arose from the merger adjustment to reflect the capital restructuring as a result of the group internal reorganisation exercise. Notes to the Financial Statements 31 December 2021
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