Page 201 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

CONSOLIDATED STATEMENT OF

CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)

Non-Distributable Distributable
Fair value
through other
Exchange comprehensive
Ordinary Perpetual Regulatory fluctuation income Retained Total
shares Sukuk reserve reserve reserve profits equity
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

At 1 January 2023 1,195,000 - 94,239 3,066 (1,342) 1,595,641 2,886,604

Profit for the year - - - - - 211,815 211,815
Other comprehensive
loss for the year - - - (1,475) (9,198) - (10,673)
Total comprehensive
(loss)/income for the year - - - (1,475) (9,198) 211,815 201,142
Transfer of fair value
changes recognised for
equity instruments
(elected as FVOCI)
upon derecognition - - - - 3,574 (3,574) -
Net issuance of Perpetual
Sukuk - 348,755 - - - - 348,755
Transfer to regulatory
reserve - - 61,508 - - (61,508) -

At 31 December 2023 1,195,000 348,755 155,747 1,591 (6,966) 1,742,374 3,436,501

At 1 January 2022 1,195,000 - 28,079 649 43,374 1,485,685 2,752,787
Profit for the year - - - - - 222,778 222,778
Other comprehensive
income/(loss) for the year - - - 2,417 (91,378) - (88,961)
Total comprehensive
income/(loss) for the year - - - 2,417 (91,378) 222,778 133,817
Transfer of fair value
changes recognised
for equity instruments
(elected as FVOCI)
upon derecognition - - - - 46,662 (46,662) -
Transfer from regulatory
reserve - - 66,160 - - (66,160) -
At 31 December 2022 1,195,000 - 94,239 3,066 (1,342) 1,595,641 2,886,604

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

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