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Section 06 Financial Statements
205

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

Group and Bank
2020 2019
RM’000 RM’000

Net increase in cash and cash equivalents 293,621 826,862
Cash and cash equivalents at beginning of year excluding on behalf of customer 1,141,143 314,281
Cash and cash equivalents at end of year 1,434,764 1,141,143

Cash and cash equivalents comprise:
Cash and bank balances 96,283 454
Deposits and placements with financial institutions 1,468,850 1,190,689
(130,369) (50,000)
1,434,764 1,141,143

Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December
2020
(a) Cash and bank balances

Group and Bank
2020 2019
RM’000 RM’000

Cash and bank balances 97,042 795

(b) Deposits and placements with banks and other financial institutions
Group and Bank
2020 2019
RM’000 RM’000

Deposits and placements with:
Licensed banks 782,781 502,659
Other financial institutions 701,703 702,077
1,484,484 1,204,736

Further breakdown to deposits and placements are as follows:
For EXIM Bank 1,354,115 1,154,736
On behalf of customers and government 101,787 50,000
1,484,484 1,204,736