Page 216 - EXIM_AR2021

214 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

Notes to the fiNaNcial statemeNts

44. islamic bUsiness fUnDs (cOnt’D.)

Statement of cash flows for Islamic business fund for the financial year ended 31 December 2021
Group and Bank
2021 2020
RM’000 RM’000

Cash flows from operating activities
Profit before zakat 92,738 84,049
Adjustments for:
ECL Stage 3 of financing
- Charged for the year 44,488 26,036
- Written back during the year (194,936) (43,301)
ECL Stage 1 and 2 of financing
- Charged for the year 50,155 37,014
- Written back during the year (27,117) (27,300)
Allowance on financial investments 3,142 42,583
Writeback on commitment & contingencies (8,077) (1,150)
Unrealised foreign exchange loss 51,431 19,729
Unrealised loss/(gain) on derivatives 1,542 (1,363)
Unrealised gain on Sukuk (161) (3,004)
Amortisation of premium less accretion of discount (1,360) (1,309)
Operating profit before working capital changes 11,845 131,984
Changes in working capital:
Deposits and placements with banks and other financial institutions (529,776) 197,792
Islamic financing 1,203,929 97,639
Other assets 5,387 169,450
Derivative financial instruments 95 17
Other liabilities (1,114,985) 288,886
Deferred income 1,174 (5,032)
Net claims paid for bank guarantee and takaful claims (186) 124
Net cash (used in)/generated from operating activities (422,517) 880,860

Cash flow from investing activities
Proceed from disposal of investments 52,717 2,616
Net cash generated from investing activities 52,717 2,616

Cash flows from financing activities
Net repayment of financing payable (250,612) (589,855)
Net cash used in financing activities (250,612) (589,855)