BIMB Integrated Annual Report 2017

GROUP COMPANY 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before zakat and tax 948,330 869,201 247,397 221,826 Adjustments for: Depreciation 67,014 72,804 296 406 Net loss/(gain) on disposal of property and equipment 71 (551) – – Property and equipment written off (18) 21 – 13 Collective assessment allowance 34,706 161,667 – – Individual assessment allowance 71,735 30,662 – – Allowance for impairment on financial assets available-for-sale – 255 – – Net gain on sale of financial assets held-to-maturity (31,551) – – – Allowance/(Reversal) of impairment on other assets 243 (608) – – Reversal of allowance for doubtful debts – (4) – – Net loss/(gain) on sale of financial assets held-for-trading 233 (5,047) – – Net gain on sale of financial assets available-for-sale (6,157) (51,249) – – Fair value loss/(gain) on financial assets held-for-trading 3,560 (12,020) – – Net derivative loss 779 4,515 – – Dividends from securities (7,727) (5,871) (5,080) (811) Dividends from subsidiaries – – (325,463) (298,505) Change in actuarial reserves/unearned contributions reserve (10,500) (6,915) – – Equity settled share-based payment 7,327 6,558 – – Amortisation of intangible assets 13,115 12,264 – – Finance cost 115,395 110,509 76,849 73,809 Operating profit/(loss) before working capital changes 1,206,555 1,186,191 (6,001) (3,262) Changes in working capital: Deposits and placements of banks and other financial institutions (30,000) 30,000 – – Financing of customers (3,030,587) (5,086,913) – – Statutory deposits with Bank Negara Malaysia (32,408) 216,584 – – Other assets 104,720 298,757 214 (115,356) Deposits from customers 378,843 2,373,224 – – Investment accounts of customers 395,473 2,897,766 – – Other liabilities 442,060 (45,222) (294) (349) Bills and acceptances payable 373,980 (76,299) – – Cash (used in)/generated from operations (191,364) 1,794,088 (6,081) (118,967) Zakat paid (13,171) (9,009) – – Tax paid (268,185) (180,864) (1,917) (2,509) Tax refund 45 10,869 – – Net cash (used in)/generated from operating activities (472,675) 1,615,084 (7,998) (121,476) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 The accompanying notes form an integral part of these financial statements. 168 BIMB HOLDINGS BERHAD Integrated Annual Report 2017