Affin Bank Berhad | Annual Report 2020

231 AFFIN BANK BERHAD 197501003274 (25046-T) | ANNUAL REPORT 2020 The Group The Bank 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 Interest income 35 1,806,750 2,231,836 1,644,382 2,013,073 Interest expense 36 (1,034,607) (1,488,719) (932,291) (1,341,293) Net interest income 772,143 743,117 712,091 671,780 Modification loss 37 (78,447) - (47,381) - Income from Islamic banking business 38 481,228 410,683 - - 1,174,924 1,153,800 664,710 671,780 Fee and commission income 39(a) 771,977 594,734 94,332 103,036 Fee and commission expense 39(b) (222,246) (153,327) (5,444) (7,850) Net fee and commission income 39 549,731 441,407 88,888 95,186 Net gains on financial instruments 40 487,294 269,754 198,587 139,071 Other income 41 52,950 49,455 224,638 110,873 Other operating income 1,089,975 760,616 512,113 345,130 Net income 2,264,899 1,914,416 1,176,823 1,016,910 Other operating expenses 42 (1,350,985) (1,206,599) (674,751) (582,959) Operating profit before allowances 913,914 707,817 502,072 433,951 (Allowances for)/write-back of credit impairment losses 44 (543,126) (49,859) (409,003) 26,173 Allowances for impairment losses on other assets 45 (18,472) (5,617) - - Operating profit 352,316 652,341 93,069 460,124 Share of results of a joint venture (394) (3,860) - - Share of results of associates 42,258 34,020 - - Profit before zakat and taxation 394,180 682,501 93,069 460,124 Zakat (7,469) (5,530) - - Profit before taxation 386,711 676,971 93,069 460,124 Taxation 47 (113,863) (160,880) (86) (96,003) Net profit after zakat and taxation 272,848 516,091 92,983 364,121 Attributable to: Equity holders of the Bank 230,322 487,766 92,983 364,121 Non-controlling interest 42,526 28,325 - - 272,848 516,091 92,983 364,121 Earnings per share attributable to equity holders of the Bank (sen): - Basic 48 11.4 24.6 4.6 18.4 - Diluted 48 11.0 23.8 4.5 17.8 INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 The accounting policies and notes form an integral part of these financial statements.