Page 221 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 219

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 (cont’d.)
Group and Bank
2022 2021
rM’000 rM’000
Net increase/(decrease) in cash and cash equivalents 522,274 (621,989)
Net foreign exchange difference 6,105 1,577
Cash and cash equivalents at beginning of year excluding on behalf of customer 814,352 1,434,764

Cash and cash equivalents at end of year 1,342,731 814,352

Cash and cash equivalents comprise:
Cash and bank balances 4,977 5,647
Deposits and placements with financial institutions 1,387,754 858,705
Less: Deposits and placements on behalf of customers (50,000) (50,000)
1,342,731 814,352

Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December
2022

(a) Cash and bank balances
Group and Bank
shareholder’s takaful total
fund Fund fund
rM’000 rM’000 rM’000
2022
Cash and bank balances 4,977 785 5,762

2021
Cash and bank balances 5,647 776 6,423