BIMB Integrated Annual Report 2017

The accompanying notes form an integral part of these financial statements. GROUP COMPANY 2017 2016 2017 2016 NOTE RM’000 RM’000 RM’000 RM’000 Income derived from investment of depositors’ funds 28 2,324,187 2,342,204 – – Income derived from investment account funds 29 237,192 102,281 – – Income derived from investment of shareholders’ funds 30 437,429 401,197 338,843 309,713 Net income from Takaful business 31 720,195 677,188 – – Net allowance for impairment on financing and advances 32 15,613 (92,105) – – Allowance for impairment on investments 33 – (255) – – Net allowance of impairment on other assets (243) 608 – – Direct expenses (18,421) (20,387) – – Total distributable income 3,715,952 3,410,731 338,843 309,713 Wakalah performance incentive fees from restricted investment accounts 19 2,595 5,328 – – Income attributable to depositors 34 (1,094,433) (1,061,413) – – Income attributable to investment account holders 35 (95,447) (26,775) – – Total net income 2,528,667 2,327,871 338,843 309,713 Personnel expenses 36 (729,771) (673,757) (9,277) (8,736) Other overhead expenses 37 (735,171) (674,404) (5,320) (5,342) 1,063,725 979,710 324,246 295,635 Finance cost (115,395) (110,509) (76,849) (73,809) Profit before zakat and tax 948,330 869,201 247,397 221,826 Zakat (14,459) (13,517) – – Tax expense 40 (230,241) (226,020) (1,938) (2,455) Profit for the year 703,630 629,664 245,459 219,371 Attributable to: Owners of the Company 619,838 559,040 245,459 219,371 Non-controlling interests 83,792 70,624 – – Profit for the year 703,630 629,664 245,459 219,371 Earnings per share (sen) 41 37.94 35.25 Dividend per ordinary share-net (sen) 42 14.00 13.00 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 163 Overview Value Creation Accountability Financial Statements Sustainability Performance Data Shareholders Information 21 st AGM Information Management Discussion & Analysis i