Page 206 - EXIM-BANK-AR20

204 EXIM BANK MALAYSIA
Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS FUNDS (CONT’D.)
Statement of cash flows for Islamic business fund the financial year ended 31 December 2020

Group and Bank
2020 2019
RM’000 RM’000

Cash flows from operating activities
Profit before zakat 84,049 35,920
Adjustments for:
ECL Stage 3 of financing
- Charged for the year 26,036 193,595
- Written back during the year (43,301) (291,543)
ECL Stage 1 and 2 of financing
- Charged for the year 37,014 25,972
- Written back during the year (27,300) (42,213)
Additional/(reversal) of allowance on financial investments 42,583 (10,322)
ECL Stage 3 of commitments and contingencies - 12,943
ECL Stage 1 and 2 of commitments and contingencies
- Charged for the year 15,487 21,910
- Written back during the year (16,637) (6,372)
Unrealised foreign exchange loss/(gain) 19,729 (266,834)
Unrealised (gain)/loss on derivatives (1,363) 12,433
Unrealised gain on Sukuk (3,004) (5,722)
Amortisation of premium less accretion of discount (1,309) (1,269)
Operating profit/(loss) before working capital changes 131,984 (321,502)
Changes in working capital:
Deposits and placements with banks and other financial institutions 197,792 848,010
Islamic financing 97,639 1,086,506
Other assets 169,450 (164,490)
Derivative financial instruments 17 (43)
Other liabilities 288,886 90,021
Deferred income (5,032) (1,584)
Net claims paid for bank guarantee and takaful claims 124 378
Net cash generated from operating activities 880,860 1,537,296

Cash flow from investing activities
Proceed from disposal of investments 2,616 34,267
Net cash generated from investing activities 2,616 34,267

Cash flows from financing activities
Net repayment of financing payable (589,855) (744,701)

Net cash used in financing activities (589,855) (744,701)