Page 118 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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STATEMENTS OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

Group Bank
2024 2023 2024 2023
RM’000 RM’000 RM’000 RM’000
Cash flows from operating activities
Profit before taxation 113,495 37,030 113,495 37,030
Adjustments for:
ECL Stage 3 loans, advances and financing (Note 33)
- Charged for the year 81,058 131,972 81,058 131,972
- Writeback during the year (46,747) (111,398) (46,747) (111,398)
ECL Stage 1 and 2 loans, advances and financing (Note 33)
- Writeback during the year (8,472) (87,304) (8,472) (87,304)
Allowance/(writeback) for ECL on financial investments (Note 35) 24,770 (585) 24,770 (585)
Writeback for ECL on commitment and contingencies (Note 34) (5,442) (3,058) (5,442) (3,058)
Depreciation
- Property and equipment 3,043 3,077 3,043 3,077
- Investment properties 18 18 18 18
- Right of use assets 1,228 1,586 1,228 1,586
Amortisation of intangible assets 1,630 1,513 1,630 1,513
Unrealised loss on financial investment at FVTPL 1,367 2,945 1,367 2,945
Asset written-off 10 17 10 17
Unrealised foreign exchange (gain)/loss (145,101) 103,171 (145,101) 103,171
Gain on derivative, net (26,202) (30,107) (26,202) (30,107)
Loss on MTN/Sukuk, net 45,952 81,885 45,952 81,885
Amortisation of premium less accretion of discount (1,459) (1,526) (1,459) (1,526)
Operating profit before changes in working capital 39,148 129,236 39,148 129,236

Changes in working capital:
Deposits and placements with banks and
other financial institutions 21,835 10,192 21,835 10,192
Loans, advances and financing (202,666) (17,871) (202,666) (17,871)
Reinsurance contract assets 5,936 3,332 5,936 3,332
Other assets 25,233 14,174 25,233 14,174
Derivative financial instruments (67) (28,896) (67) (28,896)
Other payables and accruals (32,390) 59,283 (32,385) 59,288
Deferred income (7,342) 3,444 (7,342) 3,444
Provision for commitment and contingencies (20,791) - (20,791) -
Insurance contract/takaful certificates (11,119) (18,173) (11,119) (18,173)
Takaful participants fund 2,481 4,151 2,481 4,151
Amount due to subsidiaries - - (5) (5)
Cash (used in)/generated from operations,
representing net cash (used in)/generated from
operating activities (179,742) 158,872 (179,742) 158,872