Page 104 - EXIM_AR2021

102 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS
STATEMENT OF PROFIT AND LOSS

For the year ended 31 December 2021

Group Bank
Note 2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Operating revenue 24 174,705 181,487 174,705 181,487

Interest income 25 137,949 133,662 137,949 133,662
Interest expense 26 (101,310) (115,473) (101,310) (115,473)

Net interest income 36,639 18,189 36,639 18,189
Underwriting results 27 4,769 1,975 4,769 1,975
Income from Islamic business 44 119,508 112,202 119,508 112,202
Other income 28 4,533 106,659 4,533 106,659
Net income 165,449 239,025 165,449 239,025
Overhead expenses 29 (83,844) (88,191) (83,844) (88,191)
Operating profit 81,605 150,834 81,605 150,834
Allowances for expected credit losses (“ECL”) on loans,
advances and financing 32 (47,107) (53,643) (47,107) (53,643)
Writeback/(Allowances) for ECL on commitment and
contingencies 33 19,754 (2,833) 19,754 (2,833)
Allowances for ECL on financial investments 34 (3,145) (42,584) (3,145) (42,584)
Allowances for ECL on other assets 35 - (624) - (624)

Profit before taxation 51,107 51,150 51,107 51,150
Taxation 36 - - - -
Net profit for the year 51,107 51,150 51,107 51,150

Basic earnings per share (sen) 37 1.89 1.89 1.89 1.89

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