Page 199 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

STATEMENTS OF

PROFIT OR LOSS
FOR THE YEAR ENDED 31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)

Group Bank
2023 2022 2023 2022
Note RM’000 RM’000 RM’000 RM’000

Income derived from investment
of depositors’ funds and others 28 1,733,875 1,300,612 1,733,875 1,300,612
Income derived from investment
of investment accounts funds 29 11,316 11,395 11,316 11,395
Income derived from investment
of shareholders’ funds 30 39,463 27,878 43,936 20,426
Allowance for impairment
losses on financing 31 (33,260) (41,010) (33,260) (41,010)
Allowance for impairment
losses on financial investments, net 32 (526) (4,371) (526) (4,371)
Allowance for impairment losses on other
financial assets, net 33 (105) (38) (105) (38)
Other expenses directly attributable
to the investment of the depositors
and shareholders’ funds (46,149) (26,602) (46,149) (26,602)
Total distributable income 1,704,614 1,267,864 1,709,087 1,260,412
Income attributable to depositors 34 (831,807) (453,026) (832,164) (453,279)
Income attributable to
investment account holders (240) (205) (240) (205)
Total net income 872,567 814,633 876,683 806,928
Personnel expenses 35 (306,957) (276,783) (304,291) (273,987)
Other overheads and expenditures 38 (187,853) (176,011) (189,462) (177,317)
Finance costs 39 (82,174) (55,114) (82,174) (55,114)
Profit before zakat and taxation 295,583 306,725 300,756 300,510
Zakat 40 (10,227) (2,692) (9,929) (2,254)
Taxation 41 (73,541) (81,255) (72,781) (78,818)

Profit for the year 211,815 222,778 218,046 219,438
Earnings per share attributable
to shareholders of the Bank (sen) (basic): 42 17.73 18.64

The accompanying notes form an integral part of the financial statements.

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