327 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (c) Statements of cash flows For the financial year ended 31 December 2022 Group and Bank 2022 RM’000 2021 RM’000 Cash flows from operating activities Profit before taxation and zakat 11,296 13,176 Adjustments for: Depreciation of plant and equipment (Note 52(o)(ii)) 6 8 Amortisation of intangible assets (Note 52(o)(ii)) 1 1 Credit loss expense/(reversal) 87 (181) Realised loss from sale of financial assets at FVTPL (Note 52(l)) - 1,014 Realised gain from sale of financial investments at FVOCI (Note 52(l)) - (1,571) Operating profit before working capital changes 11,390 12,447 Changes in operating assets: Financing and advances 6,040 10,560 Balances due from clients and brokers 647 (665) Other assets 771 697 Changes in operating liabilities: Deposits from customers (82,235) (110,356) Balances due to clients and brokers (2,887) 3,084 Other liabilities (45,982) 76,918 Cash used in operating activities (112,256) (7,315) Taxation and zakat paid (340) (430) Net cash used in operating activities (112,596) (7,745) Cash flows from investing activities Purchase of property, plant and equipment - (2) Net sale/(purchase) of securities 126,360 (19,864) Net cash flows generated from/(used in) investing activities 126,360 (19,866) Net change in cash and cash equivalents 13,764 (27,611) Cash and cash equivalents at beginning of the financial year 424,712 452,323 Cash and cash equivalents at end of the financial year 438,476 424,712
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