BIMB Integrated Annual Report 2019

Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before zakat and tax 1,205,014 1,065,455 351,852 281,916 Adjustments for: Amortisation of intangible assets 29,569 22,464 – – Depreciation of property and equipment 65,642 61,560 96 166 Depreciation of investment property 114 113 – – Depreciation of right-of-use assets 17,532 – – – Net loss on disposal of property and equipment (422) (372) – – Property and equipment written off 91 340 9 8 Net allowance for impairment on other assets 3,797 – 4,822 – Net allowance for impairment on debt instruments (37) (43) – – Allowance for impairment on financing, advances and others 190,829 186,402 – – Net gain on sale of financial assets at FVTPL (26,178) (4,897) – – Net gain on sale of financial assets at FVOCI (96,607) (27,444) – – Fair value (gain)/loss on financial assets at FVTPL (43,272) 80,805 (234) (129) Unrealised foreign exchange loss/(gain) 8,776 (9,922) – – Net derivative loss/(gain) 36 (52) – – Dividends income from debt instruments at FVTPL (unit trust) (9,546) (7,232) (260) (5,151) Dividends income from equity instruments at FVOCI (545) (17) – – Dividends from subsidiaries – – (411,259) (366,783) Change in actuarial reserves/unearned contributions reserve (13,750) (5,576) – – Equity settled share-based payment 17,945 10,447 – – Profit income from investments of securities (558,116) (503,163) (9,918) (18,609) Profit expense on lease 18,243 – – – Finance cost on Sukuk liabilities 119,875 143,508 52,685 89,547 Operating profit/(loss) before changes in assets and liabilities 928,990 1,012,376 (12,207) (19,035) Changes in assets and liabilities: Financing, advances and others (3,982,671) (3,942,761) – – Statutory deposits with Bank Negara Malaysia 432,148 (195,000) – – Other assets (301,826) 69,006 (3,942) 736 Deposits from customers (2,680,832) 3,562,950 – – Investment accounts of customers 4,759,890 1,068,309 – – Recourse obligations on financing sold to Cagamas – 1,501,187 – – Other liabilities 1,410,807 387,386 (940) (92) Bills and acceptances payable 7,970 (379,144) – – Cash generated from/(used in) operations 574,476 3,084,309 (17,089) (18,391) Zakat paid (14,090) (13,178) – – Tax paid (315,639) (290,969) (2,356) (3,368) Tax refund 2,883 113 213 20 Net cash generated from/(used in) operating activities 247,630 2,780,275 (19,232) (21,739) The accompanying notes form an integral part of these financial statements. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 179 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary