Page 203 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 201

STATEMENTS OF PROFIT OR LOSS

FOR THE YEAR ENDED 31 DECEMBER 2024 (29 JAMADIL AKHIR 1446H)

Group Bank
2024 2023 2024 2023
Note RM’000 RM’000 RM’000 RM’000

Income derived from investment
of depositors’ funds and others 28 2,089,730 1,733,875 2,089,730 1,733,875
Income derived from investment
of investment accounts funds 29 10,520 11,316 10,520 11,316
Income derived from investment
of shareholders’ funds 30 47,862 39,463 47,252 43,936
Allowance for impairment
losses on financing 31 (158,354) (33,260) (158,354) (33,260)
Allowance for impairment
losses on financial investments, net 32 (44,783) (526) (44,783) (526)
Allowance for impairment losses on other
financial assets, net 33 (932) (105) (932) (105)
Other expenses directly attributable
to the investment of the depositors and
shareholders’ funds (37,925) (46,149) (37,925) (46,149)

Total distributable income 1,906,118 1,704,614 1,905,508 1,709,087
Income attributable to depositors 34 (1,094,284) (831,807) (1,094,613) (832,164)
Income attributable to investment
account holders (209) (240) (209) (240)
Total net income 811,625 872,567 810,686 876,683
Personnel expenses 35 (354,192) (306,957) (351,999) (304,291)
Other overheads and expenditures 38 (241,963) (187,853) (243,979) (189,462)
Finance costs 39 (86,154) (82,174) (86,154) (82,174)
Profit before zakat and taxation 129,316 295,583 128,554 300,756
Zakat 40 (8,825) (10,227) (8,576) (9,929)
Taxation 41 (34,350) (73,541) (32,414) (72,781)
Profit for the year 86,141 211,815 87,564 218,046

Earnings per share attributable
to shareholders of the Bank (sen) (basic): 42 7.21 17.73

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