Page 276 - Bank-Muamalat-AR2020

274 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

38. FINANCE COSTS
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Dividend paid on subordinated sukuk 14,540 10,955 14,540 10,955
Dividend paid on senior sukuk 27,546 20,746 27,546 20,746
Financing sold to Cagamas 21,028 16,237 21,028 16,237
Lease charges 2,509 2,205 2,084 1,880
65,623 50,143 65,198 49,818

39. ZAkAT

Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Provision of zakat for the year/period 4,358 3,770 4,280 3,706
Overprovision in prior year (1,006) - (998) -
3,352 3,770 3,282 3,706

40. TAxATION
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Current income tax 11,052 39,432 9,498 38,790
Over provision in prior years (37,415) (408) (37,822) (404)
(26,363) 39,024 (28,324) 38,386

Deferred tax: (Note 16)
Relating to origination and reversal of
temporary differences 24,922 (1,358) 24,990 (1,242)
Under provision in prior years - 71 - 71

24,922 (1,287) 24,990 (1,171)
(1,441) 37,737 (3,334) 37,215