KENANGA ANNUAL REPORT 2023

145 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Note Group Bank 2023 RM'000 2022 RM'000 2023 RM'000 2022 RM'000 Operating revenue 30 821,056 723,086 555,868 477,060 Interest income 31 256,936 222,539 245,549 213,364 Interest expense 32 (162,074) (112,813) (178,193) (127,531) Net interest income 94,862 109,726 67,356 85,833 Net income from Islamic banking operations 53(b) 20,639 15,201 20,639 15,201 Other operating income 33 536,752 485,348 342,702 298,247 Net income 652,253 610,275 430,697 399,281 Other operating expenses 34 (569,804) (533,173) (376,905) (343,661) Operating profit 82,449 77,102 53,792 55,620 Credit loss (expense)/reversal 35 (5,526) (3,923) (5) 2,551 Bad debts recovered 36 4,919 119 4,909 119 81,842 73,298 58,696 58,290 Share of results of associates and joint ventures 6,268 852 - - Profit before taxation and zakat 88,110 74,150 58,696 58,290 Taxation and zakat 41 (15,359) (18,796) (3,784) (3,371) Profit for the financial year 72,751 55,354 54,912 54,919 Other comprehensive income/(loss): Items that will not be reclassified subsequently to profit or loss: Fair value gain/(loss) on equity instruments at fair value through other comprehensive income ("FVOCI") 49 (167) 49 (167) Share of other comprehensive income in associates 9,767 57 - - Income tax relating to fair value gain/(loss) on equity instruments 19 (12) 40 (12) 40 Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation 4,761 4,871 - - Other comprehensive income/(loss) carried forward: 14,565 4,801 37 (127)

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