Bank Islam Integrated Annual Report 2020

Group Bank Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Income derived from investment of depositors’ funds 24 2,504,013 2,757,704 2,504,013 2,757,704 Income derived from investment account funds 25 513,934 395,664 513,934 395,664 Income derived from investment of shareholders’ funds 26 460,059 490,882 436,313 462,227 Net allowance for impairment on financing and advances, net of recoveries 27 (208,671) (83,688) (208,671) (83,688) Loss on modification of financial assets (136,380) – (136,380) – Net allowance for impairment on other financial assets 2,757 (3,760) 2,757 (3,760) Direct expenses (13,660) (16,444) (13,660) (16,444) Total distributable income 3,122,052 3,540,358 3,098,306 3,511,703 Wakalah fees from restricted investment accounts 16 576 446 576 446 Income attributable to depositors 28 (1,006,479) (1,376,324) (1,006,700) (1,376,599) Income attributable to investment account holders 29 (222,026) (175,621) (222,026) (175,621) Total net income 1,894,123 1,988,859 1,870,156 1,959,929 Personnel expenses 30 (663,367) (662,393) (649,361) (648,838) Other overhead expenses 31 (411,085) (395,006) (402,502) (381,653) 819,671 931,460 818,293 929,438 Finance cost 34 (91,458) (87,980) (91,457) (87,980) Profit before zakat and tax 728,213 843,480 726,836 841,458 Zakat (11,770) (11,000) (11,815) (10,796) Tax expense 35 (151,489) (204,871) (151,308) (204,659) Profit for the year 564,954 627,609 563,713 626,003 Earnings per share (sen) 36 22.19 25.00 The notes on pages 199 to 314 are an integral part of these financial statements. 190 Financ ial Statement s Accountabi l i t y Addi t ional Informat ion STATEMENTS OF PROFIT OR LOSS for the financial year ended 31 December 2020