The notes on pages 275 to 404 are an integral part of these financial statements. Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before zakat and tax 746,829 746,866 828,248 754,392 Adjustments for: Depreciation of property and equipment 54,833 59,785 54,007 58,928 Amortisation of intangible assets 16,098 1,024 16,098 1,024 Depreciation of right-of-use assets 18,095 17,198 17,603 16,726 Net gain on disposal of property and equipment (5) (68) – – Property and equipment written-off 556 769 516 482 Allowance for impairment on financing, advances and others 272,890 232,478 272,890 232,478 Net allowance for impairment on other financial assets and investment in subsidiaries 3,698 4,330 8,698 4,330 Reversal of allowance for impairment on financial assets at AC – (5,289) – (5,289) Net loss/(gain) on sale of financial assets at FVTPL 237 (108) 238 (108) Net gain on sale of financial assets at FVOCI (62,731) (1,181) (62,731) (1,181) Fair value (gain)/loss on FVTPL (7,723) 16,720 (7,626) 16,780 Dividend from subsidiary – – (80,000) (3,000) Dividend from financial assets at FVTPL (4,088) (10,065) (3,380) (9,598) Dividend from financial assets at FVOCI – (237) – (237) Rebate on investment in unit trust – (1,915) (648) (1,915) Net derivative gain (1) (3) (1) (3) Finance cost on subordinated sukuk and capital securities 95,336 90,375 95,336 90,375 Profit expense on lease 16,213 16,796 16,197 16,781 Operating profit before changes in assets and liabilities 1,150,237 1,167,475 1,155,445 1,170,965 Changes in assets and liabilities: Deposits and placements of banks and other financial institution 281,719 70,068 281,719 70,068 Financing, advances and others (2,188,011) (6,980,703) (2,188,011) (6,980,703) Statutory deposits with Bank Negara Malaysia (38,899) (686,458) (38,899) (686,458) Bills and other receivables (201,091) (410,016) (237,339) (366,675) Deposits from customers (1,691,373) 3,368,670 (1,779,134) 3,457,789 Investment accounts of customers 2,611,717 4,008,537 2,527,632 4,003,361 Bills and acceptance payable (6,827) 2,329 (6,827) 2,329 Other liabilities 119,098 620,012 223,578 491,736 Recourse obligation on financing sold to Cagamas (1,001,014) 1,003,623 (1,001,014) 1,003,623 Cash (used)/generated from operation (964,444) 2,163,537 (1,062,850) 2,166,035 Zakat paid (13,825) (12,234) (13,630) (12,218) Tax paid (214,586) (206,763) (213,969) (205,881) Tax refund 214 – – – Net cash (used)/generated from operating activities (1,192,641) 1,944,540 (1,290,449) 1,947,936 271 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS Statements of Cash Flow for the financial year ended 31 December 2023
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