KENANGA ANNUAL REPORT 2020

306 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (c) Statements of cash flows For the financial year ended 31 December 2020 Group and Bank 2020 RM’000 2019 RM’000 Cash flows from operating activities Profit before taxation and zakat 16,709 13,836 Adjustments for: Depreciation of plant and equipment (Note 52(o)(ii)) 8 6 Amortisation of intangible assets (Note 52(o)(ii)) 10 43 Credit loss (reversal)/expense (374) 680 Realised gain from sale of financial assets at FVTPL (1,442) (1,288) Realised gain from sale of financial investments at FVOCI (Note 52(l)) (1,974) (1,245) Unrealised loss on revaluation of financial assets at fair value through profit or loss - 62 Operating profit before working capital changes 12,937 12,094 Changes in operating assets: Financing and advances 55,653 4,111 Balances due from clients and brokers (1,050) 519 Other assets 756 21,745 Changes in operating liabilities: Deposits from customers (508,770) (100,495) Balances due to clients and brokers 1,739 958 Other liabilities 11,179 (19,720) Cash used in operating activities (427,556) (80,788) Taxation and zakat paid (357) (340) Net cash used in operating activities (427,913) (81,128) Cash flows from investing activities Purchase of plant and equipment (6) - Net purchase of securities (102,691) 643,917 Net cash flows (used in)/generated from investing activities (102,697) 643,917 Net change in cash and cash equivalents (530,610) 562,789 Cash and cash equivalents at beginning of the financial year 982,933 420,144 Cash and cash equivalents at end of the financial year 452,323 982,933