KENANGA ANNUAL REPORT 2020

307 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (d) Statements of changes in Islamic banking funds For the financial year ended 31 December 2020 Non-distributable Distributable Group and Bank Islamic banking fund RM’000 Fair value reserve RM’000 Regulatory reserve RM’000 ESS reserve RM’000 Capital reserve * RM’000 Retained profits RM’000 Total RM’000 At 1 January 2020 120,000 3,517 2,503 15 5,248 33,221 164,504 Profit for the financial year - - - - - 12,367 12,367 Other comprehensive income for the financial year - 1,519 - - - - 1,519 Share based payment under ESS - - - 4 - - 4 Transfer from regulatory reserve - - (61) - - 61 - At 31 December 2020 120,000 5,036 2,442 19 5,248 45,649 178,394 At 1 January 2019 120,000 85 3,335 9 5,248 22,375 151,052 Profit for the financial year - - - - - 10,014 10,014 Other comprehensive income for the financial year - 3,432 - - - - 3,432 Issuance of shares pursuant to ESOS - - - 6 - - 6 Transfer from regulatory reserve - - (832) - - 832 - At 31 December 2019 120,000 3,517 2,503 15 5,248 33,221 164,504 * Capital reserve arose from the merger adjustment to reflect the capital restructuring as a result of the group internal reorganisation exercise.