Page 253 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 251

Notes to the fiNaNcial statemeNts

47. FINANCIAL EFFECTS ArISING FroM ADoPTIoN oF MFrS 17 INSurANCE CoNTrACTS (cont’d)
(i) The adoption of MFRS 17 resulted in the following financial effects to the income statements and statements of
comprehensive income of the Group and Bank: (cont’d)
Statements of comprehensive income
Effects of
MFrS 17
2022 adoption 2022
rM’000 rM’000 rM’000
restated

Net loss for the year (66,477) - (66,477)
Other comprehensive loss
Other comprehensive loss to be reclassified to profit or loss
in subsequent periods:
Fair value changes of financial investments at FVOCI (9,944) - (9,944)
Net other comprehensive loss to be reclassified to profit or loss
in subsequent periods (9,944) - (9,944)
Total comprehensive loss for the year, net of tax (76,421) - (76,421)