Bank Islam Integrated Annual Report 2020

Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Cash flows from operating activities Profit before zakat and tax 728,213 843,480 726,836 841,458 Adjustments for: Depreciation of property and equipment 56,546 52,049 56,341 51,823 Depreciation of right-of-use assets 18,348 15,141 18,317 15,141 Net gain on disposal of property and equipment (3) (421) (3) (421) Property and equipment written-off 925 82 925 82 Allowance for impairment on financing, advances and others 288,187 190,829 288,187 190,829 Losses 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 Net gain on sale of financial assets at FVTPL (528) (26,178) (528) (26,178) Net gain on sale of financial assets at FVOCI (271,311) (96,607) (271,311) (96,607) Fair value loss/(gain) on FVTPL 6,717 (11,164) 6,713 (11,158) Dividends from subsidiary – – (500) – Dividends from financial assets at FVTPL (13,860) (8,913) (13,722) (8,738) Dividends from financial assets at FVOCI (503) (545) (503) (545) Income from rebate on investment in unit trust (979) – (979) – Net derivative (gain)/loss (31) 36 (31) 36 Finance cost on Subordinated Sukuk Murabahah 73,622 69,940 73,622 69,940 Profit expense on lease 17,836 18,040 17,835 18,040 Operating profit before changes in assets and liabilities 1,036,802 1,049,529 1,034,822 1,047,462 Changes in assets and liabilities: Financing, advances and others (5,622,680) (3,982,671) (5,622,680) (3,982,671) Statutory deposits with Bank Negara Malaysia 977,711 432,148 977,711 432,148 Bills and other receivables (87,545) (19,150) (81,439) (17,004) Deposits from customers 3,668,524 (2,486,494) 3,618,579 (2,432,327) Investment accounts of customers 2,128,155 5,063,554 2,128,524 5,063,554 Bills and acceptance payable (19,463) 7,970 (19,463) 7,970 Other liabilities 214,455 302,592 259,327 253,157 Cash generated from operations 2,295,959 367,478 2,295,381 372,289 Zakat paid (10,862) (13,589) (10,795) (13,525) Tax paid (100,444) (238,032) (100,261) (237,864) Tax refund – 1,788 – 1,734 Net cash generated from operating activities 2,184,653 117,645 2,184,325 122,634 The notes on pages 199 to 314 are an integral part of these financial statements. 196 Financ ial Statement s Accountabi l i t y Addi t ional Informat ion STATEMENTS OF CASH FLOW for the financial year ended 31 December 2020