Page 202 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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
Bank RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

At 1 January 2023 1,195,000 - 94,239 3,067 (1,342) 1,577,800 2,868,764

Profit for the year - - - - - 218,046 218,046
Other comprehensive
loss for the year - - - (1,475) (9,198) - (10,673)
Total comprehensive
(loss)/income for the year - - - (1,475) (9,198) 218,046 207,373
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 1,592 (6,966) 1,730,764 3,424,892

At 1 January 2022 1,195,000 - 28,079 650 43,374 1,471,184 2,738,287
Profit for the year - - - - - 219,438 219,438
Other comprehensive
income/(loss) for the year - - - 2,417 (91,378) - (88,961)
Total comprehensive
income/(loss) for the year - - - 2,417 (91,378) 219,438 130,477
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 3,067 (1,342) 1,577,800 2,868,764

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

200