326 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2022 Group and Bank Note 2022 RM’000 2021 RM’000 Income derived from investment of depositors’ funds (l) 26,727 29,229 Income derived from investment of shareholders’ funds (m) 6,616 6,725 Credit loss (expense)/reversal (87) 181 Total attributable income 33,256 36,135 Profit distributed to depositors (n) (17,704) (18,262) Net Income 15,552 17,873 Finance cost (438) (864) Personnel expenses (o)(i) (805) (768) Other overhead expenses (o)(ii) (3,013) (3,065) Profit before taxation and zakat 11,296 13,176 Taxation and zakat (3,024) (3,472) Profit for the financial year 8,272 9,704 Other comprehensive income Items that will be reclassified subsequently to profit or loss: Fair value loss on debt instruments at FVOCI (1,630) (5,435) Income tax relating to fair value loss on debt instruments 423 1,305 Total other comprehensive income for the financial year, net of tax 7,065 5,574 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 of the Bank comprise of the following items: Group and Bank 2022 RM’000 2021 RM’000 Income derived from investment of depositors’ funds 26,727 29,229 Income derived from investment of shareholders’ funds 6,616 6,725 Total income before impairment allowances and overhead expenses 33,343 35,954 Profit distributed to depositors (17,704) (18,262) Finance cost (438) (864) Income from Islamic Banking Window operations reported in the statements of profit or loss of the Group and of the Bank 15,201 16,828
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