Page 210 - Bank Muamalat_AR24

208 BANK MUAMALAT MALAYSIA BERHAD

STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024 (29 JAMADIL AKHIR 1446H) (cont’d.)

(a) Reconciliation of liabilities arising from financing activities:

The table below details changes in the Group’s and the Bank’s liabilities arising from financing activities, including both
cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows
will be, classified in the Group’s and the Bank’s statement of cash flows as cash flows from financing activities.

Subordinated Recourse obligation on
Sukuk financing sold to Cagamas
2024 2023 2024 2023
Group and Bank RM’000 RM’000 RM’000 RM’000

At 1 January 2024/2023 806,924 806,596 1,058,745 733,174
Net changes from financing cash flows:
Dividend paid on Islamic subordinated sukuk (38,490) (38,490) - -
Proceed from recourse obligation on
financing sold to Cagamas - - 752,232 500,000
Payment of principal for recourse obligation on
financing sold to Cagamas - - (229,587) (177,363)
Payment of finance cost for recourse obligation on
financing sold to Cagamas - - (42,711) {39,005)
768,434 768,106 1,538,679 1,016,806

Other changes:
Amortisation of cost on sukuk issued 422 422 - -
Finance cost 38,513 38,396 45,622 41,939

At end of the financial year 807,369 806,924 1,584,301 1,058,745