NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 333 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (d) Statements of changes in Islamic banking funds For the financial year ended 31 December 2023 Group and Bank Non-distributable Distributable Total RM’000 Islamic banking fund RM’000 Fair value reserve RM’000 Regulatory reserve RM’000 ESS reserve RM’000 Capital reserve * RM’000 Retained profits RM’000 At 1 January 2023 120,000 (301) 2,261 8 5,248 63,780 190,996 Profit for the financial year - - - - - 12,131 12,131 Other comprehensive income for the financial year - 1,484 - - - - 1,484 Share based payment under ESS - - - (1) - (4) (5) Transfer to retained profits - - - (1) - 1 - Transfer to regulatory reserve - - 393 - - (393) - At 31 December 2023 120,000 1,183 2,654 6 5,248 75,515 204,606 At 1 January 2022 120,000 906 2,314 13 5,248 55,484 183,965 Profit for the financial year - - - - - 8,272 8,272 Other comprehensive loss for the financial year - (1,207) - - - - (1,207) Share based payment under ESS - - - 1 - (35) (34) Transfer to retained profits - - - (6) - 6 - Transfer from regulatory reserve - - (53) - - 53 - At 31 December 2022 120,000 (301) 2,261 8 5,248 63,780 190,996 * Capital reserve arose from the merger adjustment to reflect the capital restructuring as a result of the group internal reorganisation exercise. (e) Cash and bank balances Group and Bank 2023 RM’000 2022 RM’000 Current account with BNM and banks 16,287 19,476 Money at call and deposit placements with: Licensed banks 126,100 149,000 Domestic non-bank financial institutions 200,000 270,000 342,387 438,476
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