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Section 06 Financial Statements
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44. ISLAMIC BUSINESS FUNDS (CONT’D.)
Statement of Comprehensive Income for the year ended 31 December 2020
Group and Bank
2020 2019
Islamic Islamic
business Takaful business Takaful
fund fund Total fund fund Total
Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Net profit/(loss) for the year 84,049 (1,809) 82,240 35,920 (1,537) 34,383
Other comprehensive income
to be reclassified to profit
or (loss) in subsequent periods:
Fair value changes on FVOCI 10,908 - 10,908 13,666 - 13,666
Net other comprehensive
income to be reclassified
to profit or (loss) in
subsequent periods 10,908 - 10,908 13,666 - 13,666
Total comprehensive
income/(loss) for the year 94,957 (1,809) 93,148 49,586 (1,537) 48,049
Statement of changes in Islamic business fund and Takaful fund for the year ended 31 December 2020
Retained
Islamic profits/ Fair value
Group and Bank Banking (Accumulated adjustment
Fund losses) reserve Total
RM’000 RM’000 RM’000 RM’000
At 1 January 2019 800,000 (300,987) (21,598) 477,415
Net profit for the year - 34,383 - 34,383
Other comprehensive profit - - 13,666 13,666
At 31 December 2019 800,000 (266,604) (7,932) 525,464
Net profit for the year - 82,240 - 82,240
Other comprehensive income - - 10,908 10,908
At 31 December 2020 800,000 (184,364) 2,976 618,612