24. RESERVES Note Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 FVOCI reserve (a) (182,869) (101,288) (182,869) (101,288) Translation reserve (b) (9,722) (20,798) (9,499) (20,555) Regulatory reserve (c) 136,000 – 136,000 – Merger reserve (d) 111,187 111,187 – – Total other reserves 54,596 (10,899) (56,368) (121,843) Retained earnings 3,096,604 2,965,080 3,105,912 2,965,659 3,151,200 2,954,181 3,049,544 2,843,816 (a) The FVOCI reserve includes the cumulative net change in the fair value of financial assets FVOCI until the financial asset is derecognised. (b) The translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of the offshore banking operations in the Federal Territory of Labuan. (c) The regulatory reserve represents the Bank’s compliance with BNM’s Guideline on Financial Reporting for Islamic Banking Institution to maintain, in aggregate, loss allowance for non-credit-impaired exposures and regulatory reserves of no less than 1% of total credit exposures, net of loss allowance for credit-impaired exposures. No regulatory reserve recognised in 2021. (d) Merger reserve arising from the Proposed Internal Reorganisation and acquisition of two (2) new BIMB Holdings Sdn. Bhd. ordinary shares. 25. SOURCES AND USES OF CHARITY FUNDS Movement of sources and uses of charity funds are as follows: Group and Bank 2022 RM’000 2021 RM’000 Undistributed funds as at the beginning of the financial year 12 11 Shariah non-compliance income: Funds collected/received during the year 39 41 Uses of funds during the year: Contribution to Public Benefit (48) (40) Undistributed funds as at the end of the financial year 3 12 Notes to the financial statements for the financial year ended 31 December 2022 Integrated Report 2022 310
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