Note Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Income derived from investment of depositors’ funds 26 3,263,158 2,585,912 3,263,158 2,585,912 Income derived from investment account funds 27 716,208 587,924 716,208 587,924 Income derived from investment of shareholders’ funds 28 549,964 402,459 609,759 378,885 Net allowance for impairment on financing and advances, net of recoveries 29 (175,263) (140,032) (175,263) (140,032) Net allowance for impairment on other financial assets (3,698) 959 (8,698) 959 Direct expenses (18,596) (11,414) (18,596) (11,414) Total distributable income 4,331,773 3,425,808 4,386,568 3,402,234 Wakalah fees from restricted investment accounts 17 11 59 11 59 Income attributable to depositors 30 (1,701,718) (1,072,342) (1,702,071) (1,072,524) Income attributable to investment account holders 31 (350,469) (194,066) (351,966) (196,535) Total net income 2,279,597 2,159,459 2,332,542 2,133,234 Personnel expenses 32 (861,251) (821,955) (817,794) (788,420) Other overhead expenses 33 (559,968) (483,467) (574,967) (483,266) 858,378 854,037 939,781 861,548 Finance cost 36 (111,549) (107,171) (111,533) (107,156) Profit before zakat and tax 746,829 746,866 828,248 754,392 Zakat (11,544) (13,682) (11,432) (13,622) Tax expense 37 (182,235) (241,512) (181,786) (240,369) Profit for the year 553,050 491,672 635,030 500,401 Earnings per share (sen) 38 24.57 22.86 The notes on pages 275 to 404 are an integral part of these financial statements. 267 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS Statements of Profit or Loss for the financial year ended 31 December 2023
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