BIMB Integrated Annual Report 2019

Group Company 2019 2018 2019 2018 Note RM’000 RM’000 RM’000 RM’000 Income derived from investment of depositors’ funds 29 2,757,704 2,601,825 – – Income derived from investment account funds 30 384,930 242,823 – – Income derived from investment of shareholders’ funds 31 479,828 477,510 421,411 385,521 Net earned contributions 32 2,345,831 1,934,213 – – Other income from takaful business 33 460,447 311,425 – – Net benefits, claims and expense reserves 34 (1,047,540) (1,051,508) – – Net allowance for impairment on financing and advances, net of recoveries 35 (83,688) (81,454) – – Net allowance for impairment on debt instruments 37 43 – – Net allowance for impairment on other assets (3,797) – (4,822) – Direct expenses (16,444) (17,870) – – Total distributable income 5,277,308 4,417,007 416,589 385,521 Wakalah fees from restricted investment accounts 19 446 485 – – Income attributable to depositors 36 (1,360,491) (1,279,638) – – Income attributable to investment account holders 37 (164,887) (79,467) – – Income attributable to Takaful Operator/participants (665,040) (314,296) – – Total net income 3,087,336 2,744,091 416,589 385,521 Personnel expenses 38 (811,657) (765,742) (7,420) (9,371) Other overhead expenses 39 (932,547) (769,386) (4,632) (4,687) 1,343,132 1,208,963 404,537 371,463 Finance cost 40 (138,118) (143,508) (52,685) (89,547) Profit before zakat and tax 1,205,014 1,065,455 351,852 281,916 Zakat (12,260) (14,689) – – Tax expense 43 (257,385) (249,345) (2,255) (3,152) Profit for the year 935,369 801,421 349,597 278,764 Attributable to: Owners of the Company 786,920 682,055 349,597 278,764 Non-controlling interests 148,449 119,366 – – Profit for the year 935,369 801,421 349,597 278,764 Earnings per share (sen) 44 44.75 40.36 Dividend per ordinary share-net (sen) 45 16.00 15.50 The accompanying notes form an integral part of these financial statements. STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 174 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance