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94 EXIM BANK MALAYSIA
Annual Report 2020

STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31 DECEMBER 2020

Group Bank
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Operating revenue 24 181,487 381,131 181,487 381,131

Interest income 25 133,662 219,910 133,662 219,910
Interest expense 26 (115,473) (142,323) (115,473) (142,323)
Net interest income 18,189 77,587 18,189 77,587
Underwriting results 27 1,975 (21,965) 1,975 (21,965)
Income from Islamic business 44 112,202 122,265 112,202 122,265
Other income 28 106,659 46,653 106,659 46,653

Net income 239,025 224,540 239,025 224,540
Overhead expenses 29 (88,191) (82,029) (88,191) (82,029)
Operating profit 150,834 142,511 150,834 142,511
Allowances for expected credit losses (“ECL”)
on loans, advances and financing 32 (53,643) (566,135) (53,643) (566,135)
Allowances for ECL on commitment and
contingencies 33 (2,833) (64,947) (2,833) (64,947)
(Allowances)/writeback for ECL on financial
investments 34 (42,584) 10,321 (42,584) 10,321
Allowances for ECL on other assets 35 (624) - (624) -
Profit/(loss) before taxation 51,150 (478,250) 51,150 (478,250)
Taxation 36 - 993 - (1,323)
Zakat - - - -
Net profit/(loss) for the year 51,150 (477,257) 51,150 (479,573)

Basic/diluted earnings/(loss) per share (sen) 37 1.89 (17.62) 1.89 (17.71)

The accompanying notes form an integral part of the financial statements.