Page 220 - EXIM-Bank_Annual-Report-2022

218 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

46. ISLaMIC BUSINESS FUNDS (cont’d.)

Statement of cash flows for Islamic business fund the financial year ended 31 December 2022
Group and Bank
2022 2021
rM’000 rM’000
Cash flows from operating activities
(Loss)/Profit before zakat (27,953) 92,738
Adjustments for:
ECL Stage 3 of financing
- Charged for the year 129,879 44,488
- Writeback during the year (339,199) (194,936)
- Charged for the year 22,498 50,155
ECL Stage 3 of commitments and contingencies
Writeback for ECL on commitment & contingencies (14,638) (8,077)
- Charged for the year
- Written back during the year
Unrealised foreign exchange (gain)/loss (55,666) 49,854
Unrealised loss on derivatives - 1,542
Unrealised gain on Sukuk - (161)
Amortisation of premium less accretion of discount (1,333) (1,360)
Operating (loss)/profit before working capital changes (234,046) 10,268

Changes in working capital:
Deposits and placements with banks and other financial institutions - -
Islamic financing 691,507 674,153
Other assets 2,813 5,387
Other liabilities (100,192) (1,114,985)
Deferred income (26) 1,174
Net claims paid for bank guarantee and takaful claims (3) (186)
Zakat paid - -

Net cash generated/(used in) from operating activities 360,053 (424,094)
Cash flow from investing activities
Purchase of investments (25,591) -
Proceed from disposal of investments 370,000 52,717

Cash flows from financing activities
Net repayment of financing payable (182,188) (250,612)
Proceeds from share capital - -

Net cash used in financing activities (182,188) (250,612)