Page 74 - ICD-AR22-English

Separate Income Statement
FOR THE YEAR ENDED 31 DECEMBER 2022
Net Income
Income from commodity placement
Income from sukuk investments
Income from financing assets
Equity investment income, net Other income
Financing cost
Operating expenses
Staff costs
Other administrative expenses
5,370,311
7 36,851,586
12 36,506,071
13.4 3,388,351 22 18,770,685
(40,827,957)
(36,429,112)
(6,154,990)
4,552,922
21,764,235
32,071,628
11,281,855 10,700,175
(29,874,198)
(39,499,296)
(6,450,306)
(50,886)
4,496,129
4,114,634 13,306
(13,306)
Note
31 December 2022 USD
31 December 2021 USD
Total income
100,887,004
80,370,815
Net income
60,059,047
50,496,617
Depreciation (89,593)
Total operating expenses
(42,673,695)
(46,000,488)
Net operating income before impairment charges
Impairment (loss)/ reversals
Non- Shari’ah compliant income Transferred to ICD Solidarity Fund
17,385,352
25 (5,452,122) 19 19,262
19 (19,262)
Net profit for the year
11,933,230
8,610,763
Net profit for the year
11,933,230
8,610,763
72 ICD ANNUAL REPORT 2022