BNP Paribas Malaysia: Statement of Financial Position - 31 March 2022

Transcription

1. BNP PARIBAS MALAYSIA BERHAD (Company No.201001034168 (918091 - T) ) Incorporated in Malaysia UNAUDITED STATEMENT OF FINANCIAL POSITION FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2022 Classification : Confidential #
2. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) 1. PERFORMANCE REVIEW The Bank reported loss before tax of RM6.43 million for the financial period ended 31 March 2022 compared to a loss of RM16.02 million in the corresponding period last year. Improvement in performance was mainly driven by gains from derivatives trading (Year-onyear increase of RM29 million). Higher loan base and placements of funds with financial institutions resulted in higher interest income; partially cushioned the impact caused by the decline in financial assets and reverse repurchase agreement portfolio. Other operating expenses (excluding transfer pricing charges) was RM5.62 million higher compared to same period last year mainly due to increase in personnel cost (RM3.3 million) and intercompany recharges (RM1.3 million). Global Market Transfer pricing (GM TP) charges for Q1 2022 was RM3.70 million higher than same period last year. In FY2021, there was a write-back of RM1.79 million for GM TP due to overaccrual of FY2020 charges. 2. CURRENT YEAR PROSPECTS Bank Negara Malaysia (BNM) latest projection on GDP growth at between 5.3% and 6.3% for 2022; is slightly below the government's official forecast of 5.5% to 6.5%. Recovery is expected to gain momentum in 2022 mainly driven by continued expansion in external demand, full upliftment of containment measures, reopening of international borders, and further improvement in labour market conditions. Infrastructure projects and targeted policy measure will further spur the economic activity and raise demand. Downside risks will likely stem from developments surrounding Covid-19, slower-thanexpected rollout of public infrastructure projects, persistent labour shortages, supply chain disruptions, and higher inflation. The Bank is optimistic and foresee that there increase in demand for banking products as sentiments improve. The Bank as a whole remains focused in supporting its clients; providing tailored financial solutions during this period of recovery. 1 Classification : Confidential #
3. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 Bank Bank 31-Mar 31-Dec 2022 2021 RM'000 RM'000 2,149,100 1,435,996 779,626 314,632 3 594,944 444,422 4 944,431 1,191,901 5 1,170,659 1,301,885 Note ASSETS Cash and short-term funds 2 Reverse repurchase agreements Financial assets at fair value through Profit or Loss ('FVTPL') Financial assets at fair value through other comprehensive income ('FVOCI') Loans, advances and financing Derivative financial assets 561,523 706,669 Other assets 6 119,085 70,565 Property, plant and equipment 7 3,987 4,778 Intangible assets 8 - - Tax recoverable 15,742 13,788 Deferred tax assets 2,292 3,596 TOTAL ASSETS 6,341,389 5,488,232 9 2,221,125 2,142,425 10 1,549,226 416,102 - - Derivative financial liabilities 451,956 552,740 Subordinated term loan 384,883 387,635 859,934 1,112,035 5,467,124 4,610,937 LIABILITIES AND SHAREHOLDERS' EQUITY Deposits from customers Deposits and placements from banks and other financial institutions Repurchase agreements Other liabilities 11 TOTAL LIABILITIES The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 2 Classification : Confidential #
4. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 (CONTD.) Bank Bank 31-Mar 31-Dec 2022 2021 RM'000 RM'000 650,000 650,000 204,696 210,278 Note Share capital 12 Retained profits Reserves 13 SHAREHOLDER'S EQUITY 19,569 17,017 874,265 877,295 6,341,389 5,488,232 109,226,222 106,033,085 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY COMMITMENTS AND CONTINGENCIES 21 The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 3 Classification : Confidential #
5. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENT OF PROFIT OR LOSS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 Bank Bank 31-Mar 31-Mar 2022 2021 RM'000 RM'000 Note Interest income 14 21,902 26,874 Interest income for financial asset at FVTPL 14 4,352 13,056 Interest expenses 15 (4,950) (3,250) 21,304 36,680 136 93 21,440 36,773 Net interest income Net income from Islamic banking business 22 Other operating (losses)/ income 16 (5,142) (36,779) Other operating expenses 17 (22,675) (13,353) Expected credit losses 18 (55) (2,657) Loss before tax (6,432) (16,016) Taxation (1,114) (1,826) Loss for the financial period (7,546) (17,842) Other comprehensive income/(loss), net of income tax: Items that may be reclassified subsequently to profit or loss : Revaluation reserve - financial investments at FVOCI : Net changes in fair value 599 (1,951) Net change in cash flow hedge 3,917 - Other comprehensive income/(loss) 4,516 (1,951) (3,030) (19,793) Total comprehensive loss for the financial period The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 4 Classification : Confidential #
6. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENTS OF CASH FLOW FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 Bank Bank 31-Mar 31-Mar 2022 2021 RM'000 RM'000 Cash Flows from/(Used In) Operating Activities (Loss)/Profit before tax (6,432) (16,016) Adjustments for: Depreciation of property, plant and equipment Amortisation of intangible assets 802 383 - 13 55 2,657 1,558 4,781 (5,685) (13,101) 14,410 44,524 14,941 70,070 1,090 6,800 Expected credit losses on loans, advances and financing Amortisation of premium less accretion of discount Interest income on financial investments at FVOCI Unrealised loss/(gain) on derivative financial instrument Unrealised loss/(gain) on foreign exchange Unrealised loss/(gain) on financial assets at FVTPL Unrealised (gain)/loss on reverse repurchase agreements (147) 198 Unrealised loss/(gain) on repurchase agreements - Operating profit before working capital changes 20,592 5 (110) 100,199 Classification : Confidential #
7. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENTS OF CASH FLOW FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) Bank Bank 31-Mar 31-Mar 2022 2021 RM'000 RM'000 (151,612) (1,955,204) (Increase)/Decrease in: Financial assets at FVTPL Loans, advances and financing 131,171 239,649 - 821 Right of use asset Reverse repurchase agreements (464,847) (704,170) (48,520) 142,332 78,700 32,797 1,133,123 3,929,283 Other assets Increase/(Decrease) in: Deposits from customers Deposits and placements from banks and other financial institutions Repurchase agreements - Derivative financial assets/liabilities 16,221 Subordinated term loan 13,822 (61,879) (44) Other liabilities (251,631) Net cash generated from operations 463,153 Income taxes paid (1,953) Net cash generated from operating activities 461,200 (297,527) 1,440,123 (616) 1,439,507 Cash Flows used in Investing Activities Purchase of property, plant and equipment (11) Net sales/(purchase) of financial investments at FVOCI 247,106 Interest income on financial investments at FVOCI 5,279 Net cash used in investing activities 252,374 6 (305) (781,226) 1,488 (780,043) Classification : Confidential #
8. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENTS OF CASH FLOW FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) Bank Bank 31-Mar 31-Mar 2022 2021 RM'000 RM'000 Cash Flows Used In Financing Activities Payment for lease liabilities (470) (293) Net cash used in financing activities (470) (293) NET INCREASE IN CASH AND CASH EQUIVALENTS 713,104 659,171 AT BEGINNING OF YEAR 1,435,996 1,072,884 CASH AND CASH EQUIVALENTS AT END OF YEAR 2,149,100 1,732,055 2,149,100 1,732,055 CASH AND CASH EQUIVALENTS Cash and cash equivalents comprise the following: Cash and short-term funds The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 7 Classification : Confidential #
9. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) UNAUDITED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 Non-distributable Revaluation reservefinancial Hedging Regulatory investments reserves reserves at FVOCI RM'000 RM'000 RM'000 Share capital RM'000 At 1 January 2022 Loss for the period Transfer to regulatory reserve Other comprehensive income At 31 March 2022 650,000 650,000 Share capital RM'000 At 1 January 2021 Profit for the year Transfer to regulatory reserve Other comprehensive income/(loss) At 31 December 2021 893 3,917 4,810 14,369 (1,964) 12,405 1,755 599 2,354 Non-distributable Revaluation reservefinancial Regulatory Regulatory investments reserves reserves at FVOCI RM'000 RM'000 RM'000 650,000 650,000 893 893 14,369 14,369 6,554 (4,799) 1,755 Retained profits RM'000 210,278 (7,546) 1,964 204,696 Retained profits RM'000 223,911 736 (14,369) 210,278 Total RM'000 877,295 (7,546) 4,516 874,265 Total RM'000 880,465 736 (3,906) 877,295 The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 8 # Classification : Confidential
10. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 1. BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation of the Financial Statements The financial statement of the Bank have been prepared in accordance with Malaysian Financial Reporting Standards ("MFRSs"), International Financial Reporting Standards and the requirements of the Companies Act, 2016 in Malaysia. 2. CASH AND SHORT-TERM FUNDS At Amortised Cost: Cash and balances with banks and other financial institutions Money at call and deposit placements maturing within one month 3. 31-Mar 2022 RM'000 31-Dec 2021 RM'000 84,197 95,062 2,064,903 2,149,100 1,340,934 1,435,996 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS ('FVTPL') 31-Mar 2022 RM'000 31-Dec 2021 RM'000 520,932 74,012 594,944 227,080 217,342 444,422 At Fair Value: Government Securities: Malaysian Government Securities Malaysian Government Investment Issues 4. FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME ('FVOCI') 31-Mar 2022 RM'000 At Fair Value: Government securities: Malaysian Government Securities 132,491 Malaysian Government Investment Issues 391,587 Bank Negara Malaysia Debt Securities 420,353 944,431 9 31-Dec 2021 RM'000 133,642 432,069 626,190 1,191,901 Classification : Confidential #
11. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 5. LOANS, ADVANCES AND FINANCING 31-Mar 2022 RM'000 31-Dec 2021 RM'000 376,071 623,584 3,844 139,220 30,661 1,173,380 (2,721) 1,170,659 519,699 627,039 4,910 131,849 20,959 1,304,456 (2,571) 1,301,885 At amortised cost: (i) By type Revolving credit Term loans Trust receipts Factoring receivables Overdrafts Gross loans, advances and financing ^ Less:Expected Credit Losses ('ECL') Net loans, advances and financing Note ^ : Included in the loans, funding extended to BNP Paribas Najmah (an Islamic Banking window in the Bank) under Profit Sharing Investment Account (PSIA) amounting to RM30.20 million (FY2021: RM 30.02 million). The PSIA is a contract based on the Wakalah principle. 31-Mar 2022 RM'000 (ii) By type of customer Domestic business enterprises Domestic non-bank financial institutions (iii) 1,274,434 30,022 1,304,456 1,155,335 18,045 1,173,380 1,286,409 18,047 1,304,456 549,796 394,799 228,785 1,173,380 830,755 252,332 221,369 1,304,456 1,173,380 1,173,380 1,304,456 1,304,456 By residual contractual maturity Maturing within one year More than one year to five years More than five years (v) 1,173,380 1,173,380 By interest rate sensitivity Variable rate: Cost plus Fixed rate (iv) 31-Dec 2021 RM'000 By geographical distribution In Malaysia 10 Classification : Confidential #
12. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 5. LOANS, ADVANCES AND FINANCING (CONTD.) 31-Mar 2022 RM'000 (vi) By Sector Mining & Quarrying Manufacturing Electricity, gas and water supply Construction Wholesale and retail Transport, storage and communication Financial services Real estate activities Other business services 31-Dec 2021 RM'000 4,045 518,775 228,785 2,001 155,418 155,134 30,205 7,631 71,386 1,173,380 12,782 663,410 221,369 2,000 139,673 153,338 30,022 8,009 73,853 1,304,456 (vii) Movements in ECL on loans, advances and financing are as follows: 12 mth ECL (Stage 1) RM'000 Lifetime ECL not credit impaired (Stage 2) RM'000 Lifetime ECL credit impaired (Stage 3) RM'000 31 March 2022 Balance at beginning of financial year Allowances made/(written-back) during the financial period Derecognised during the financial period At end of financial period 1,388 315 (97) 1,606 1,183 (68) 1,115 - 2,571 247 (97) 2,721 31 December 2021 Balance at beginning of financial year Changes in credit risk Allowances made/(written-back) during the financial period Derecognised during the financial period At end of financial period 2,310 (14) (110) (798) 1,388 2,586 14 (1,382) (35) 1,183 - 4,896 (1,492) (833) 2,571 Total RM'000 (viii) Movements on loans, advances and financing are as follows: 12 mth ECL (Stage 1) RM'000 Lifetime ECL not credit impaired (Stage 2) RM'000 31 March 2022 Balance at beginning of financial year Purchases and origination Derecognised during the financial period Exchange fluctuation At end of financial period 1,221,710 66,674 (185,723) (122) 1,102,539 82,746 (11,905) 70,841 - 1,304,456 66,674 (197,628) (122) 1,173,380 31 December 2021 Balance at beginning of financial year Changes in credit risk Purchases and origination Derecognised during the financial period At end of financial period 1,240,718 (2,000) 480,178 (497,186) 1,221,710 102,585 2,000 501 (22,340) 82,746 - 1,343,303 480,679 (519,526) 1,304,456 11 Lifetime ECL credit impaired (Stage 3) RM'000 Total RM'000 Classification : Confidential #
13. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 6. OTHER ASSETS 31-Mar 31-Dec 2022 2021 RM'000 RM'000 During The Changes changes the in current comparative in accounting financial figures policies year,arising the described Bank fromadopted in reclassifications Note the 2(b)revised wereand applied Guidelines the adoption retrospectively on Financial of the revised andReporting haveguidelines the following for Licensed on Financial impact Institutions onReporting the opening for Collateral assets 115,127 62,008 Other receivables 2,514 6,959 Deposit 812 812 Prepayments 632 786 119,085 70,565 12 Classification : Confidential #
14. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 7. PROPERTY, PLANT AND EQUIPMENT Office equipment and machinery RM'000 Renovation and installation RM'000 Furniture, fixtures and fittings RM'000 Cost At beginning of the financial year Additions Disposals Write-off Lease modification At end of the financial period 404 404 4,256 4,256 1,855 1,855 Accumulated Depreciation At beginning of the financial year Depreciation charged for financial period Write-off Lease modification At end of the financial period 295 9 304 4,228 5 4,233 Net Book Value As of 31 March 2022 100 23 Computer equipment and hardware RM'000 Motor vehicles RM'000 Work-in progress RM'000 Right of use asset RM'000 Total RM'000 8,729 11 8,740 6 6 - 11,935 11,935 27,185 11 27,196 1,806 13 1,819 6,524 231 6,755 1 1 - 9,553 544 10,097 22,407 802 23,209 36 1,985 5 - 1,838 3,987 31 March 2022 13 # Classification : Confidential
15. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 7. PROPERTY, PLANT AND EQUIPMENT (CONTD.) Office equipment and machinery RM'000 Renovation and installation RM'000 Furniture, fixtures and fittings RM'000 Computer equipment and hardware RM'000 Cost At beginning of the financial year Additions Reclassification Lease modification At end of the financial year 378 26 404 4,256 4,256 1,855 1,855 7,914 815 8,729 15 6 (15) 6 Accumulated Depreciation At beginning of the financial year Depreciation charged for financial year Lease modification At end of the financial year 258 37 295 4,200 28 4,228 1,725 81 1,806 5,513 1,011 6,524 Net Book Value As of 31 December 2021 109 28 49 2,205 Motor vehicles RM'000 Work-in progress RM'000 Right of use asset RM'000 Total RM'000 31 December 2021 14 - 12,397 (462) 11,935 26,815 847 (15) (462) 27,185 15 1 (15) 1 - 7,572 1,981 9,553 19,283 3,139 (15) 22,407 5 - 2,382 4,778 - # Classification : Confidential
16. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 8. INTANGIBLE ASSETS 31-Mar 2022 RM'000 31-Dec 2021 RM'000 Computer Software: Cost At beginning of the financial year At end of the financial period/year 3,090 3,090 3,090 3,090 Accumulated Amortisation At beginning of the financial year Amortisation for the year At end of the financial period/year 3,090 3,090 3,066 24 3,090 - - Total Net Book Value 9. DEPOSITS FROM CUSTOMERS 31-Mar 2022 RM'000 Type At amortised cost: Demand deposits Fixed deposits Commodity Murabahah (i) (ii) Maturity structure of fixed deposits and Commodity Murabahah are as follows: Due within six months Six months to one year More than one year 31-Dec 2021 RM'000 1,709,955 500,970 10,200 2,221,125 1,627,014 515,411 2,142,425 505,085 6,085 511,170 512,650 2,708 53 515,411 2,189,100 32,025 2,221,125 2,117,609 24,816 2,142,425 The deposits are sourced from the following types of customers: Business enterprises Non-bank financial institutions 10. DEPOSITS AND PLACEMENTS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS 31-Mar 2022 RM'000 At amortised cost: Other financial institutions 1,549,226 15 31-Dec 2021 RM'000 416,102 Classification : Confidential #
17. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 11. OTHER LIABILITIES 31-Mar 2022 RM'000 Collateral deposits Other payables Accruals and charges Lease Liabilities Expected credit losses (i) 805,669 40,965 11,128 2,038 134 859,934 Movements in ECL on loans commitments and financial guarantee are as follows: Lifetime ECL 12 mth not credit ECL impaired (Stage 1) (Stage 2) RM'000 RM'000 31 March 2022 Balance at beginning of financial year Changes in credit risk Allowances made/(written back) during the financial period At end of financial period Lifetime ECL credit impaired (Stage 3) RM'000 31-Dec 2021 RM'000 1,057,583 35,846 15,899 2,487 220 1,112,035 Total RM'000 121 (1) 99 1 - 220 - 7 127 (93) 7 - (86) 134 194 (2) 498 2 - 692 - (71) 121 (401) 99 - (472) 220 31 December 2021 Balance at beginning of financial year Changes in credit risk Allowances made/(written back) during the financial period At end of financial period 12. SHARE CAPITAL Ordinary shares issued and fully paid: Balance as at 31 March/December 16 31-Mar 2022 RM'000 31-Dec 2021 RM'000 650,000 650,000 Classification : Confidential #
18. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 13. RESERVES Non-distributable: Revaluation reserve financial investments at FVOCI Regulatory reserve Hedging reserve 31-Mar 2022 RM'000 31-Dec 2021 RM'000 2,354 12,405 4,810 19,569 1,755 14,369 893 17,017 31-Mar 2022 RM'000 31-Mar 2021 RM'000 8,454 6,347 5,685 4,352 2,825 149 27,812 (1,558) 26,254 7,445 4,651 13,101 13,056 5,781 677 44,711 (4,781) 39,930 31-Mar 2022 RM'000 31-Mar 2021 RM'000 14. INTEREST INCOME Loans, advances and financing Money at call and deposit placements with financial institutions Financial assets at FVOCI Financial assets at FVTPL Reverse repurchase agreements Other interest income Amortisation of premium less accretion of discount Total Interest Income 15. INTEREST EXPENSE Deposits from customers Deposits and placements from banks and other financial institutions Repurchase agreements Lease Liabilities Subordinated term loan Other interest expense 17 3,851 3,794 (121) 19 630 571 4,950 (1,849) 786 24 495 3,250 Classification : Confidential #
19. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 16. OTHER OPERATING INCOME 31-Mar 2022 RM'000 Fee income: Commissions Guarantee fees Other fee income 31-Mar 2021 RM'000 62 382 978 1,422 45 389 2,311 2,745 (3,063) (3,063) (4,935) (4,935) 18,617 (14,410) 4,207 19,266 (44,524) (25,258) Unrealised (loss)/gain on revaluation of: FVTPL (1,090) (6,800) Net loss arising from hedging activities (1,230) (Loss)/Gain arising from sale of: Financial assets at FVTPL Financial assets at FVOCI (Loss)/Gain on derivatives trading: Realised (loss)/gain Unrealised (loss)/gain . Unrealised (loss)/gain on reverse repurchase agreements 147 Unrealised gain/(loss) on repurchase agreements - Other income: Foreign exchange: - Realised (loss)/gain - Unrealised gain/(loss) Others Total 18 (198) 110 8,271 (14,941) 1,135 (5,535) 69,307 (70,070) (1,680) (2,443) (5,142) (36,779) Classification : Confidential #
20. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 17. OTHER OPERATING EXPENSES Personnel costs (Note a) Establishment costs (Note b) Marketing expenses (Note c) Administration and general expenses (Note d) (a) 12,377 5,399 125 4,774 22,675 9,123 3,575 125 530 13,353 10,040 1,452 37 848 12,377 6,523 695 (4) 1,909 9,123 1,760 802 2,837 5,399 1,646 383 13 1,533 3,575 14 111 125 14 111 125 Establishment costs Information technology costs Depreciation of property, plant and equipment Amortization of intangible asset Others (c) 31-Mar 2021 RM'000 Personnel costs Salaries, bonuses and allowances Defined contribution plan Social security cost Other staff related expenses (b) 31-Mar 2022 RM'000 Marketing Expenses Advertising Others (d) Administration and general expenses Legal and professional fees Communication & transportation Others general expenses 426 245 4,103 4,774 416 250 (136) 530 18. EXPECTED CREDIT LOSSES FOR IMPAIRMENT ON FINANCIAL ASSETS 31-Mar 2022 RM'000 Expected credit losses: Allowance made/(write-back) during the financial period 55 19 31-Mar 2021 RM'000 2,657 Classification : Confidential #
21. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 19. CAPITAL ADEQUACY The components of Tier I and Tier II capital are as follows: 31-Mar 2022 RM'000 31-Dec 2021 RM'000 650,000 204,696 19,569 874,265 650,000 210,278 17,017 877,295 (2,292) (1,295) (4,810) (12,405) 853,463 (3,596) (965) (893) (14,369) 857,472 2,855 384,883 387,738 2,791 387,635 390,426 1,241,201 1,247,898 Tier-I capital Paid-up share capital Retained profits Other disclosed reserves Less : Regulatory adjustments Intangible assets Deferred tax assets 55% of cumulative gains of financial instruments at FVOCI Hedging Reserve Regulatory reserve Total Tier-I capital Tier-II Capital Expected Credit Losses Subordinated term loan Total Tier-II capital Total capital base Capital Ratios Common Equity Tier 1 Ratio Tier 1 Capital Ratio Total Capital Ratio 24.599% 24.599% 35.775% 24.584% 24.584% 35.777% The breakdown of risk-weighted assets by each major risk category is as follows: 31-Mar 2022 RM'000 31-Dec 2021 RM'000 Credit Risk Market Risk Operational Risk Total risk-weighted assets 1,947,635 1,269,341 252,481 3,469,457 20 2,113,929 1,083,291 290,757 3,487,977 Classification : Confidential #
22. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 20. INTEREST RATE RISK The following table represents the Bank's assets and liabilities at carrying amounts as at 31 March 2022 Non-Trading Book Up to 1 month RM'000 Assets Cash and short-term funds Reverse repurchase agreements Financial assets at fair value through profit or loss Financial investments at fair value through other comprehensive income Loans, advances and financing Derivatives Financial assets Other assets Total Assets Liabilities Deposits from customers Deposits and placements from banks and other financial institutions Derivatives Financial Liabilities Subordinated term loan Other liabilities Total Liabilities Net interest rate gap 1-3 months RM'000 3 - 12 months RM'000 1-5 years RM'000 Over 5 years RM'000 Trading Non-interest book sensitive RM'000 RM'000 Total RM'000 2,147,797 - - - - - 774,836 594,944 1,303 4,790 - 2,149,100 779,626 594,944 490,394 454,323 3,092,515 360,403 360,403 141,388 354,719 496,107 306,538 306,538 - 561,523 1,931,303 6,110 1,214 117,641 131,058 944,431 1,170,659 561,523 117,641 6,317,924 2,183,601 30,039 7,098 - - - 387 2,221,125 1,333,468 3,517,070 211,450 241,489 4,200 11,298 - 384,429 384,429 451,956 451,956 107 455 859,934 860,883 1,549,226 451,956 384,883 859,934 5,467,124 118,914 484,809 306,538 (424,555) 21 (384,429) 1,479,347 (729,825) # 850,800 Classification : Confidential
23. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 20. INTEREST RATE RISK (CONTD) The following table represents the Bank's assets and liabilities at carrying amounts as of 31 December 2021 Non-Trading Book Up to 1 month RM'000 Assets Cash and short-term funds Reverse repurchase agreements Financial assets at fair value through profit or loss Financial investments at fair value through other comprehensive income Loans, advances and financing Derivative financial assets Other assets Total Assets Liabilities Deposits from customers Deposits and placements from banks and other financial institutions Derivatives financial liabilities Subordinated term loan Other liabilities Total Liabilities Net interest rate gap 1-3 months RM'000 3 - 12 months RM'000 1-5 years RM'000 Over 5 years RM'000 Trading Non-interest book sensitive RM'000 RM'000 1,435,162 - - - - - 311,711 444,422 417,527 527,437 2,380,126 248,847 396,117 644,964 131,179 379,122 510,301 388,643 388,643 - 706,669 1,462,802 1,984,281 145,040 12,739 53 - - 312 409,663 2,393,944 6,400 151,440 12,739 53 387,137 387,137 552,740 552,740 39 498 1,112,035 1,112,884 493,524 497,562 388,590 (387,137) 910,062 (1,035,248) (13,818) 22 Total RM'000 834 2,921 - 1,435,996 314,632 444,422 5,705 (791) 68,967 77,636 1,191,901 1,301,885 706,669 68,967 5,464,472 # 2,142,425 416,102 552,740 387,635 1,112,035 4,610,937 853,535 Classification : Confidential
24. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 21. COMMITMENTS AND CONTINGENCIES In the normal course of business, the Bank makes various commitments and incurs certain contingent liabilities with legal recourse to its customers. No material losses are anticipated as a result of these transactions. The commitments and contingencies are not secured against the Bank's assets. The commitments and contingencies and their related counterparty credit risk of the Bank are as follows: Commitments and Contingent Liabilities Direct credit substitutes Short-term self-liquidating trade-related contingencies Irrevocable commitments to extend credit: Maturity more than one year Total credit related commitment and contingencies 31-Mar 2022 RM'000 31-Dec 2021 RM'000 249,305 295,283 4,885 723 14,265 268,455 20,565 316,571 55,601,927 3,025,588 543,575 57,925,295 2,216,232 573,928 Foreign exchange derivatives: One year or less Over one year to five years Over five years Interest rate derivatives: One year or less Over one year to five years Over five years Credit Derivatives: One year or less Over one year to five years Total treasury related commitment and contingencies 15,882,888 31,050,744 2,367,554 13,592,483 28,981,380 1,919,354 43,900 441,591 108,957,767 43,598 464,244 105,716,514 Total commitment and contingencies 109,226,222 106,033,085 23 # Classification : Confidential
25. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) 22. Islamic Banking Window UNAUDITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 Note 31-Mar 2022 RM'000 31-Dec 2021 RM'000 (a) (c) (d) 41,049 - 39,411 - 41,049 39,411 13,210 5,746 11,253 5,968 Total liabilities 18,956 17,221 Capital fund Accumulated losses Reserves 26,850 (4,757) - 26,850 (4,660) - Islamic banking funds 22,093 22,190 TOTAL LIABILITIES AND ISLAMIC BANKING FUNDS 41,049 39,411 ASSETS Cash and short-term funds Property, plant and equipment Intangible assets TOTAL ASSETS LIABILITIES AND ISLAMIC BANKING FUNDS Deposits from customers Other liabilities (e) (f) The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 24 Classification : Confidential #
26. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) 22. Islamic Banking Window UNAUDITED STATEMENT OF PROFIT OR LOSS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 Income derived from investment of Islamic banking funds and depositors' funds Profit expense to depositors Net income derived from investment of Islamic banking funds and depositors' funds Other operating income Other operating expenses (g) (h) (i) Profit/(Loss) for the financial period before taxation 31-Mar 2022 RM'000 31-Mar 2021 RM'000 157 (21) 111 (18) 136 93 285 (518) 457 (352) (97) 198 Taxation - - Profit/(Loss) for the financial period after taxation (97) 198 Total comprehensive profit/(loss) for the period (97) 198 The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 25 Classification : Confidential #
27. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) Islamic Banking Operations UNAUDITED STATEMENT OF CHANGES IN EQUITY IN ISLAMIC BANKING FUNDS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 At 1 January 2022 Loss for the financial period At 31 March 2022 At 1 January 2021 Loss for the financial year At 31 December 2021 Capital fund RM'000 Regulatory reserve RM'000 26,850 26,850 - Capital fund RM'000 Regulatory reserve RM'000 26,850 26,850 - Accumulated losses RM'000 (4,660) (97) (4,757) Accumulated losses RM'000 (5,043) 383 (4,660) Total RM'000 22,190 (97) 22,093 Total RM'000 21,807 383 22,190 The Unaudited Condensed Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the year ended 31 December 2021. 26 Classification : Confidential #
28. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) 22. Islamic Banking Window NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (a) CASH AND SHORT-TERM FUNDS 31-Mar 2022 RM'000 At Amortised Cost Cash and balances with banks and other financial institutions Money at call and deposit placements maturing within one month (b) 31-Dec 2021 RM'000 4,041 5,401 37,008 41,049 34,010 39,411 LOANS, ADVANCES AND FINANCING Included in the Bank’s loan, there is funding extended to BNP Paribas Najmah under Profit Sharing Investment Account (PSIA) amounting to RM30.20 million (FY2021: RM 30.02 million). The PSIA is a contract based on the Wakalah principle. (c) PROPERTY, PLANT AND EQUIPMENT Office Equipment and Machinery RM'000 Computer Equipment RM'000 Total RM'000 31 Mar 2022/31 Dec 2021 Cost At beginning of the financial period At end of the financial period 6 6 23 23 29 29 Accumulated Depreciation At beginning of the financial period At end of the financial period 6 6 23 23 29 29 Net Book Value At end of the financial period - - - 27 Classification : Confidential #
29. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 22. Islamic Banking Window (d) INTANGIBLE ASSETS 31-Mar 2022 RM'000 31-Dec 2021 RM'000 Computer Software: Cost At 1 January At end of the financial period 41 41 41 41 Accumulated Amortisation At 1 January Amortisation for the year At end of the financial period 41 41 41 41 - - Net Book Value (e) DEPOSITS FROM CUSTOMERS Type At Amortised Cost: Non-Mudharabah Fund Demand deposits Commodity Murabahah (i) 3,010 10,200 13,210 11,253 11,253 31-Mar 2022 RM'000 31-Dec 2021 RM'000 10,200 - The deposits are sourced from the following types of customers: Domestic non-bank financial institution (f) 31-Dec 2021 RM'000 Maturity structure of Commodity Murabahah is as follows: Due within six months (ii) 31-Mar 2022 RM'000 31-Mar 2022 RM'000 31-Dec 2021 RM'000 13,210 13,210 11,253 11,253 31-Mar 2022 RM'000 31-Dec 2021 RM'000 OTHER LIABILITIES Other payables 5,746 28 5,968 # Classification : Confidential
30. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 22. Islamic Banking Window (g) INCOME DERIVED FROM INVESTMENT OF ISLAMIC BANKING FUNDS AND DEPOSITORS' FUNDS 31-Mar 2022 RM'000 Money at call and deposit placement with financial institutions 31-Mar 2021 RM'000 157 111 (h) OTHER OPERATING INCOME 31-Mar 2022 RM'000 Fee income: Other fee income - Foreign exchange: - Unrealised gain (i) 31-Mar 2021 RM'000 83 14 66 Others 271 308 Total 285 457 OTHER OPERATING EXPENSES 31-Mar 2022 RM'000 Personnel costs (Note i) Establishment costs (Note ii) Administration and general expenses (Note iii) (i) (ii) (iii) Personnel Costs Salaries, bonuses and allowances Defined contribution plan Other staff related expenses Establishment costs Rental of premises Information technology costs Others 31-Mar 2021 RM'000 458 25 35 518 281 25 46 352 387 69 2 458 183 31 67 281 17 3 5 25 Administration and general expenses Legal and professional fees Communication & transportation Others 18 7 25 26 5 4 35 29 36 5 5 46 # Classification : Confidential
31. Company No .201001034168 (918091-T) BNP PARIBAS MALAYSIA BERHAD (Incorporated in Malaysia) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2022 (CONTD.) 22. Islamic Banking Window (j) CAPITAL ADEQUACY The components of Tier I and Tier II capital are as follows: 31-Mar 2022 RM'000 31-Dec 2021 RM'000 26,850 (4,757) 22,093 26,850 (4,660) 22,190 Less : Regulatory adjustments Intangible assets Total Tier-I capital 22,093 22,190 Total capital base 22,093 22,190 Tier-I capital Capital fund Accumulated losses Capital Ratios Tier 1 Capital Ratio Tier 1 Capital Ratio Total Capital Ratio 564.553% 564.553% 564.553% 525.331% 525.331% 525.331% 31-Mar 2022 RM'000 31-Dec 2021 RM'000 The breakdown of risk-weighted assets by each major risk category is as follows: Credit Risk Market Risk Operational Risk Total risk-weighted assets 629 1,946 1,338 3,913 30 942 1,973 1,309 4,224 # Classification : Confidential