NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 331 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (b) Statements of profit or loss and other comprehensive income For the financial year ended 31 December 2023 Note Group and Bank 2023 RM’000 2022 RM’000 Income derived from investment of depositors’ funds (m) 33,732 26,727 Income derived from investment of shareholders’ funds (n) 6,200 6,616 Credit loss expense (91) (87) Total attributable income 39,841 33,256 Profit distributed to depositors (o) (18,712) (17,704) Net Income 21,129 15,552 Finance cost (581) (438) Personnel expenses (p)(i) (837) (805) Other overhead expenses (p)(ii) (3,141) (3,013) Profit before taxation and zakat 16,570 11,296 Taxation and zakat (4,439) (3,024) Profit for the financial year 12,131 8,272 Other comprehensive income/(loss) Items that will be reclassified subsequently to profit or loss: Fair value gain/(loss) on debt instruments at FVOCI 1,994 (1,630) Income tax relating to fair value gain/(loss) on debt instruments at FVOCI (510) 423 Total other comprehensive income for the financial year, net of tax 13,615 7,065 For consolidation with the conventional banking operations, income from Islamic Banking Window as shown on the face of the statements of profit or loss of the Group and of the Bank comprise of the following items: Group and Bank 2023 RM’000 2022 RM’000 Income derived from investment of depositors’ funds 33,732 26,727 Income derived from investment of shareholders’ funds 6,200 6,616 Total income before impairment allowances and overhead expenses 39,932 33,343 Profit distributed to depositors (18,712) (17,704) Finance cost (581) (438) Income from Islamic Banking Window operations reported in the statements of profit or loss 20,639 15,201
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