Group Bank Note 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Income derived from investment of depositors’ funds 24 2,260,072 2,504,013 2,260,072 2,504,013 Income derived from investment account funds 25 497,538 513,934 497,538 513,934 Income derived from investment of shareholders’ funds 26 458,750 460,059 430,950 436,313 Net allowance for impairment on financing and advances, net of recoveries 27 (190,738) (208,671) (190,738) (208,671) Loss on modification of financial assets (48,911) (136,380) (48,911) (136,380) Net allowance for impairment on other financial assets (7,406) 2,757 (7,406) 2,757 Direct expenses (10,938) (13,660) (10,938) (13,660) Total distributable income 2,958,367 3,122,052 2,930,567 3,098,306 Wakalah fees from restricted investment accounts 16 308 576 308 576 Income attributable to depositors 28 (818,688) (1,006,479) (818,883) (1,006,700) Income attributable to investment account holders 29 (160,127) (222,026) (160,643) (222,026) Total net income 1,979,860 1,894,123 1,951,349 1,870,156 Personnel expenses 30 (723,830) (663,367) (701,784) (649,361) Other overhead expenses 31 (461,922) (411,085) (449,062) (402,502) 794,108 819,671 800,503 818,293 Finance cost 34 (89,887) (91,458) (89,878) (91,457) Profit before zakat and tax 704,221 728,213 710,625 726,836 Zakat (12,275) (11,770) (12,222) (11,815) Tax expense 35 (157,641) (151,489) (157,256) (151,308) Profit for the year 534,305 564,954 541,147 563,713 Earnings per share (sen) 36 21.87 22.19 The notes on pages 241 to 374 are an integral part of these financial statements. INTEGRATED ANNUAL REPORT 202 1 Key Messages Overview Value Creation MD&A Sustainability Leadership Accountability Financial Additional Information 231 STATEMENTS OF PROFIT OR LOSS for the financial year ended 31 December 2021
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