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39. ISLAMIC BUSINESS FUND (CONT’D)
Statement of changes in Islamic banking fund and Takaful fund for the year ended 31 December 2013
Islamic
Fair value
Banking
Retained
adjustment
Fund
profits
reserve
Total
RM’000
RM’000
RM’000
RM’000
Group and Bank
At 1 January 2012
100,000
10,858
–
110,858
Net profit for the year
–
(6,760)
–
(6,760)
At 31 December 2012
100,000
4,098
–
104,098
Net profit for the year
–
32,983
(245)
32,738
At 31 December 2013
100,000
37,081
(245)
136,836
Group and Bank
2013
2012
RM’000
RM’000
Cash flows from operating activities
Profit/(loss) before taxation and zakat
35,164
(5,398)
Adjustments for:
Allowance for losses on advances and financing
36,673
26,372
Operating profit before working capital changes
71,837
20,974
Changes in working capital:
Other assets
(2,039)
(312)
Other liabilities
339,315
388,383
Advances and financing
(985,294)
(188,035)
Zakat paid
(429)
(48)
Net cash generated from/(used in) operating activities
(576,610)
220,962
Cash flows from investing activities
Purchase of investments
(322,330)
–
Net cash used in investing
(322,330)
–
NOTESTOTHEFINANCIALSTATEMENTS
31 DECEMBER 2013
190
EXIM Bank Annual Report 2013