KENANGA ANNUAL REPORT 2020

305 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2020 Group and Bank Note 2020 RM’000 2019 RM’000 Income derived from investment of depositors’ funds (l) 46,905 60,810 Income derived from investment of shareholders’ funds (m) 8,404 8,096 Credit loss reversal/(expense) 374 (680) Total attributable income 55,683 68,226 Profit distributed to the depositors (n) (32,759) (48,668) Net Income 22,924 19,558 Finance cost (1,881) (2,256) Personnel expenses (o) (749) (747) Other overhead expenses (o) (3,585) (2,719) Profit before taxation and zakat 16,709 13,836 Taxation and zakat (4,342) (3,822) Profit for the financial year 12,367 10,014 Other comprehensive income Items that will be reclassified subsequently to profit or loss: Fair value gain on debt instruments at FVOCI 2,011 4,461 Income tax related to the above items (492) (1,029) Total other comprehensive income for the financial year, net of tax 13,886 13,446 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 the Bank comprise the following items: Group and Bank 2020 RM’000 2019 RM’000 Income derived from investment of depositors’ funds 46,905 60,810 Income derived from investment of shareholders’ funds 8,404 8,096 Total income before impairment allowances and overhead expenses 55,309 68,906 Profit distributed to depositors (32,759) (48,668) Finance cost (1,881) (2,256) Income from Islamic Banking Window operations reported in the statements of profit or loss of the Group and the Bank 20,669 17,982