142 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Note Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Operating revenue 29 723,086 891,491 477,060 709,706 Interest income 30 222,539 210,372 213,364 204,444 Interest expense 31 (112,813) (99,561) (127,531) (110,249) Net interest income 109,726 110,811 85,833 94,195 Net income from Islamic banking operations 52(b) 15,201 16,828 15,201 16,828 Other operating income 32 485,348 656,881 298,247 492,654 Net income 610,275 784,520 399,281 603,677 Other operating expenses 33 (533,173) (648,490) (343,661) (484,741) Operating profit 77,102 136,030 55,620 118,936 Credit loss (expense)/reversal 34 (3,923) (1,900) 2,551 (1,935) Bad debts recovered 35 119 513 119 543 Reversal of impairment loss on investment in an associate - - - 12,200 Impairment loss on investment in a subsidiary 13 - - - (9,323) 73,298 134,643 58,290 120,421 Share of results of associates and joint ventures 852 13,593 - - Profit before taxation and zakat 74,150 148,236 58,290 120,421 Taxation and zakat 40 (18,796) (29,421) (3,371) (25,605) Profit for the financial year 55,354 118,815 54,919 94,816 Other comprehensive income/(loss): Items that will not be reclassified subsequently to profit or loss: Fair value loss on equity instruments at fair value through other comprehensive income (“FVOCI”) (167) (529) (167) (529) Share of other comprehensive income in associates 57 6,103 - - Income tax relating to fair value loss on equity instruments 19 40 127 40 127 Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation 4,871 2,648 - - Other comprehensive income/(loss) carried forward: 4,801 8,349 (127) (402)
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