147 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Note Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Cash flows from operating activities Profit before taxation and zakat 74,150 148,236 58,290 120,421 Adjustments for: Depreciation of property, plant and equipment 33 11,472 11,714 10,487 10,829 Amortisation of intangible assets - software licence and client relationships 33 6,462 5,624 5,508 4,642 Amortisation of right-of-use assets 33 8,039 8,465 6,660 7,397 Lease interest expenses 31 894 965 743 905 ESS expenses 33 326 1,022 326 1,022 Credit loss expense/(reversal) 34 3,923 1,900 (2,551) 1,935 Impairment loss on investment in a subsidiary 13 - - - 9,323 Property, plant and equipment written off 33 911 231 902 - Computer software work-in-progress written off 33 608 - 608 - Fixed assets expensed off 2,971 - 1,708 - Bad debts recovered 35 (119) (513) (119) (543) Reversal of impairment on investment in an associate - - - (12,200) Gain on disposal of a subsidiary 32(c) - (4,729) - - Gain on disposal of an associate 14(a) (9,117) - - - Gross dividend income from investments 32(b) (1,527) (3,654) (60,492) (18,547) Gain on disposal of property, plant and equipment 32(c) (111) (60) (93) (57) Net (gain)/loss from sale of financial assets at fair value through profit or loss and derivatives (23,675) 46,692 (23,667) 46,732 Net gain from sale of financial instruments at FVOCI (25) (1,580) (25) (1,580) Share of results of associates and joint ventures (852) (13,593) - - Unrealised loss/(gain) on revaluation of financial assets at fair value through profit or loss and derivatives 32(b) 8,954 (148,011) 10,454 (150,784) Operating gain before working capital changes 83,284 52,709 8,739 19,495 Decrease/(increase) in operating assets: Loans, advances and financing 87,392 91,780 50,178 105,302 Other assets 48,680 (49,740) 10,962 (42,492) Statutory deposit with Bank Negara Malaysia (7,535) 7,530 (7,535) 7,530 Balances due from clients and brokers (93,044) 210,560 (92,978) 210,655 Trust monies and deposits 5 (74,314) (67,444) 33,914 493 (Decrease)/increase in operating liabilities: Other liabilities (206,149) 126,427 (135,360) 23,504 Balances due to clients and brokers 66,741 (54,697) (2,320) (139,895) Deposits from customers 23,800 184,893 48,705 207,757 Deposits and placements of banks and other financial institutions (237,503) (413,223) (237,503) (413,223) Cash (used in)/generated from operations (308,648) 88,795 (323,198) (20,874) Taxation and zakat paid (30,200) (42,807) (11,394) (33,951) Rental/lease payment (interest) 26 (894) (1,064) (743) (1,006) Net cash (used in)/generated from operating activities (339,742) 44,924 (335,335) (55,831)
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