AFFIN Holdings Berhad Condensed Interim Financial Statements - 1Q 2017

Transcription

1. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Statements of Financial Position As At 31 March 2017 < ----------- GROUP ----------- > < -------- COMPANY --------- > Note 31/3/2017 RM'000 31/12/2016 RM'000 31/3/2017 RM'000 31/12/2016 RM'000 ASSETS Cash and short-term funds Deposits and placements with banks and other financial institutions Trade receivables Financial assets held-for-trading Financial investments available-for-sale Financial investments held-to-maturity Derivative financial assets Loans, advances and financing Other assets Statutory deposits with Bank Negara Malaysia Amount due from subsidiaries Amount due from associates Investment in subsidiaries Investment in joint ventures Investment in associates Tax recoverable Deferred tax assets Property and equipment Intangible assets 5,417,173 4,836,222 51,890 32,176 171,875 694,035 265,754 14,065,873 408,126 198,918 44,701,687 238,625 1,633,030 102,386 151,349 346,768 39,560 12,415 446,428 1,603,189 172,871 529,728 270,354 14,108,523 407,087 289,271 43,747,427 216,012 1,659,740 45,096 153,768 339,887 46,838 19,723 437,301 1,606,497 295 1,001,858 102,386 5,461,063 187,680 36,288 3,013 81 2 299 1,304,592 45,096 5,461,063 187,680 35,242 2,515 87 2 70,497,191 68,886,345 6,844,556 7,068,752 B7 50,086,084 831 51,505,642 - - - B7 5,782,262 1,152,496 53,807 1,077,371 448,926 605,478 102 38,427 2,369,305 3,894,037 1,145,618 37,726 724,554 552,942 656,194 2,488 29,542 1,606,597 3,092 7 415,254 1,361,392 4,258 7 400,254 1,606,597 61,615,089 60,155,340 1,779,745 2,011,116 A9 A10 A10 A10 A11 A12 TOTAL ASSETS LIABILITIES AND EQUITY Deposits from customers Investment accounts of customers Deposits and placements of banks and other financial institutions Obligation on securities sold under repurchase agreements Bills and acceptances payable Trade payables Derivative financial liabilities Other liabilities Provision for taxation Deferred tax liabilities Amount due to subsidiaries Borrowings TOTAL LIABILITIES A13 B7 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 1
2. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Statements of Financial Position As At 31 March 2017 < ----------- GROUP ----------- > < -------- COMPANY --------- > Note 31/3/2017 RM'000 31/12/2016 RM'000 31/3/2017 RM'000 31/12/2016 RM'000 EQUITY Share capital Reserves:Share premium Statutory reserves AFS revaluation reserves Regulatory reserves Retained profits 1,942,949 1,942,949 1,942,949 1,942,949 2,185,712 1,806,731 84,127 293,504 2,517,457 2,185,712 1,806,731 56,318 289,871 2,400,913 2,185,712 936,150 2,185,712 928,975 Equity attributable to equity holders of the Company 8,830,480 8,682,494 5,064,811 5,057,636 51,622 48,511 - - 8,882,102 8,731,005 5,064,811 5,057,636 TOTAL LIABILITIES AND EQUITY 70,497,191 68,886,345 6,844,556 7,068,752 COMMITMENTS AND CONTINGENCIES 28,489,713 26,952,318 - - 4.54 4.47 Non-controlling interest TOTAL EQUITY NET ASSETS PER SHARE (RM) The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 2
3. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Income Statements For The Financial Quarter Ended 31 March 2017 GROUP <----Individual Quarter Ended ----> <---Cumulative Quarter Ended ---> 31/3/2017 31/3/2016 31/3/2017 31/3/2016 Note RM'000 RM'000 RM'000 RM'000 Interest income A14 627,514 638,316 627,514 638,316 Interest expense A15 (387,974) (408,629) (387,974) (408,629) 239,540 229,687 239,540 229,687 76,983 58,930 76,983 58,930 193,081 138,304 193,081 138,304 509,604 426,921 509,604 426,921 (328,608) (272,618) (328,608) (272,618) 180,996 154,303 180,996 154,303 Net interest income Islamic banking income Other operating income A16 Net income Other operating expenses A17 Operating profit before allowance for impairment losses on loans, advances and financing Allowance for impairment losses on loans, advances and financing A18 (5,775) 1,575 (5,775) 1,575 Allowance for impairment losses on securities A19 (712) - (712) - Operating profit 174,509 155,878 174,509 155,878 Finance cost (14,127) (14,337) (14,127) (14,337) (2,356) (658) (2,356) (658) Share of results of a joint venture Share of results of an associate Profit before taxation and zakat Zakat 12,042 3,878 12,042 161,904 152,925 161,904 152,925 (337) Profit before taxation Taxation 3,878 B5 Net profit for the financial period (198) (337) (198) 161,567 152,727 161,567 152,727 (38,371) (34,924) (38,371) (34,924) 123,196 117,803 123,196 117,803 120,177 115,566 120,177 115,566 3,019 2,237 3,019 2,237 123,196 117,803 123,196 117,803 Profit for the financial period attributable to :- Equity holders of the Company - Non-controlling interest - - Earnings per share attributable to the equity holders of the Company (sen) - Basic B11 6.19 5.95 6.19 5.95 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 3
4. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Statement of Comprehensive Income For The Financial Quarter Ended 31 March 2017 GROUP Profit after taxation <----Individual Quarter Ended ----> 31/3/2017 31/3/2016 RM'000 RM'000 <---Cumulative Quarter Ended ---> 31/3/2017 31/3/2016 RM'000 RM'000 123,196 117,803 123,196 117,803 - Net fair value change in financial investments available-for-sale 37,353 142,719 37,353 142,719 - Net gain on disposal of financial investments available-for-sale transferred to income statement (3,230) (4,509) (3,230) (4,509) - Deferred tax on revaluation of financial investments available-for-sale (8,116) (33,165) (8,116) (33,165) Other comprehensive income/(loss): Items that may be reclassified subsequently to profit or loss :- - Share of other comprehensive income/(loss) of an associated company - Share of other comprehensive income/(loss) of a joint venture Other comprehensive income/(loss) for the financial period, net of tax Total comprehensive income/(loss) for the financial period 1,957 (63) 537 574 537 1,957 574 (63) 27,901 106,156 27,901 106,156 151,097 223,959 151,097 223,959 147,986 222,038 147,986 222,038 3,111 1,921 3,111 1,921 151,097 223,959 151,097 223,959 Total comprehensive income/(loss) for the financial period attributable to :- Equity holders of the Company - Non-controlling interest The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 4
5. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Income Statements For The Financial Quarter Ended 31 March 2017 COMPANY Interest income <----Individual Quarter Ended ----> <---Cumulative Quarter Ended ---> 31/3/2017 31/3/2016 31/3/2017 31/3/2016 RM'000 RM'000 RM'000 RM'000 12,997 13,552 12,997 13,552 - - - - Net interest income 12,997 13,552 12,997 13,552 Other operating income 10,800 107,408 10,800 107,408 Net income 23,797 120,960 23,797 120,960 Other operating expenses (2,360) Operating profit before allowance for impairment losses on loans, advances and 21,437 118,486 21,437 118,486 Allowance for impairment losses on loans, advances and financing Allowance for impairment losses on securities - - - - 21,437 118,486 21,437 118,486 (14,127) (14,337) (14,127) (14,337) 7,310 104,149 7,310 104,149 - - - - 7,310 104,149 7,310 104,149 Interest expense Operating profit Finance cost Profit before taxation and zakat Zakat Profit before taxation Taxation Net profit for the financial period attributable to equity holders of the Company (135) 7,175 (2,474) (527) 103,622 (2,360) (135) 7,175 (2,474) (527) 103,622 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 5
6. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Condensed Interim Financial Statements Unaudited Statement of Comprehensive Income Unaudited Income Statements For The Financial Quarter Ended 31 March 2017 COMPANY <----Individual Quarter Ended ----> <---Cumulative Quarter Ended ---> 31/3/2017 RM'000 Profit after taxation Other comprehensive income Total comprehensive income for the financial period attributable to equity holders of the Company 31/3/2016 RM'000 31/3/2017 RM'000 31/3/2016 RM'000 7,175 103,622 7,175 103,622 - - - - 7,175 103,622 7,175 103,622 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 6
7. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Unaudited Condensed Consolidated Statement Of Changes In Equity For The Financial Period Ended 31 March 2017 <--------------------------------------Attributable to Equity Holders of the Company------------------------------------> Issued and fully paid ordinary shares of RM1 each GROUP At 1 January 2017 Number of shares '000 Non-distributable Nominal value RM'000 Share premium RM'000 Statutory reserves RM'000 Distributable AFS revaluation reserves RM'000 Regulatory reserves RM'000 Retained profits RM'000 Total Shareholders' Equity RM'000 Noncontrolling Interest RM'000 Total Equity RM'000 1,942,949 1,942,949 2,185,712 1,806,731 56,318 289,871 2,400,913 8,682,494 48,511 8,731,005 Comprehensive income : - Net profit for the financial period - - - - - - 120,177 120,177 3,019 123,196 Other comprehensive income (net of tax) of which:- Financial investments available-for-sale - Share of other comprehensive loss of an associated company - Share of other comprehensive income of a joint venture - - - - 25,915 1,957 (63) - - Total comprehensive income for the financial period - - - - 27,809 - 120,177 Transfer to regulatory reserves - - - - - 3,633 At 31 March 2017 1,942,949 1,942,949 2,185,712 1,806,731 84,127 293,504 At 1 January 2016 1,942,949 1,942,949 2,185,712 1,626,175 64,833 Comprehensive income : - Net profit for the financial period - - - - Other comprehensive income (net of tax) of which:- Financial investments available-for-sale - Share of other comprehensive income of an associated company - Share of other comprehensive loss of a joint venture - - - Total comprehensive income for the financial period - - Transfer to regulatory reserves Dividends declared and paid for the financial period 1,942,949 At 31 March 2016 25,915 1,957 (63) 92 - 26,007 1,957 (63) 147,986 3,111 151,097 - - - 2,517,457 8,830,480 51,622 8,882,102 284,141 2,178,629 8,282,439 44,646 8,327,085 - - 115,566 115,566 2,237 117,803 - 105,361 537 574 - - 105,361 537 574 - - 106,472 - 115,566 222,038 - - - - 5,543 - - 1,942,949 2,185,712 1,626,175 171,305 2,299,738 8,504,477 (3,633) (5,543) 278,598 (316) 1,921 (3,000) 43,567 105,045 537 574 223,959 (3,000) 8,548,044 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 7
8. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Unaudited Condensed Statement Of Changes In Equity For The Financial Period Ended 31 March 2017 <------------------------Attributable to Equity Holders of the Company--------------------------> Issued and fully paid ordinary shares of RM1 each COMPANY At 1 January 2017 Non-distributable Distributable Number of shares Nominal value Share premium Retained profits Total Equity '000 RM'000 RM'000 RM'000 RM'000 1,942,949 1,942,949 2,185,712 928,975 5,057,636 - - - 7,175 7,175 At 31 March 2017 1,942,949 1,942,949 2,185,712 936,150 5,064,811 At 1 January 2016 1,942,949 1,942,949 2,185,712 909,560 5,038,221 - - - 103,622 103,622 1,942,949 1,942,949 2,185,712 1,013,182 5,141,843 Total comprehensive income for the financial period : - Net profit for the financial period Total comprehensive income for the financial period : - Net profit for the financial period At 31 March 2016 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 8
9. AFFIN HOLDINGS BERHAD (Company no. 23218 - W) Unaudited Condensed Consolidated Statement of Cash Flow For The Financial Period Ended 31 March 2017 < ------ 12 months Ended ------ > 31/3/2017 RM'000 31/3/2016 RM'000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation Adjustment for items not involving the movement of cash and cash equivalents:Operating profit before changes in working capital 161,567 (137,542) 152,727 (210,573) 24,025 (57,846) Net changes in operating assets Net changes in operating liabilities Tax and zakat paid (439,449) 689,224 (582,717) (504,096) 1,680,007 (43,664) Net cash generated from/(used in) operating activities (308,917) 1,074,401 CASH FLOWS FROM INVESTING ACTIVITIES Interest received from securities Net (purchase)/disposal of: - securities - property and equipment - intangible assets Dividend received from: - financial investments held-for-trading - financial investments available-for-sale Proceeds from disposal of foreclosed properties Subscription of shares in a joint venture Amount due from associate 115,129 111,833 81,288 (16,973) (767) 711,378 (10,241) (1,352) 94 4,746 (57,290) 436 1,710 394 (10,200) 84 Net cash used in investing activities 126,227 804,042 CASH FLOWS FROM FINANCING ACTIVITIES Increase in borrowings Dividends paid to non-controlling interest 762,708 -- (205) (3,000) Net cash generated from financing activities 762,708 (3,205) Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year 580,018 4,789,132 1,875,238 4,393,076 Cash and cash equivalents at end of the year 5,369,150 6,268,314 Analysis of cash & cash equivalent Cash and short-term funds Adjustment for money held in trust on behalf of remisiers 5,417,173 (48,023) 6,316,342 (48,028) 5,369,150 6,268,314 The Condensed Financial Statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2016. 9
10. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 Part A - Explanatory Notes pursuant to Malaysian Financial Reporting Standard ("MFRS") 134 and Policy Document on Financial Reporting issued by Bank Negara Malaysia A1. BASIS OF PREPARATION The unaudited condensed interim financial statements for the financial period under review have been prepared under the historical cost convention except for the following assets and liabilities which are stated at fair values :(i) (ii) (iii) financial assets held-for-trading, financial investments available-for-sale, and derivative financial instruments. The unaudited condensed financial statements have been prepared in accordance with MFRS134 Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB"), Chapter 9, part K of the Listing Requirements of the Bursa Malaysia Securities Berhad and Policy Document on Financial Reporting issued by Bank Negara Malaysia dated 28 June 2015. The unaudited condensed interim financial statements should be read in conjunction with the audited financial statements of the Group and the Company for the year ended 31 December 2016. The explanatory notes to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the Group since the year ended 31 December 2016. A2. ACCOUNTING POLICIES AND METHODS OF COMPUTATIONS The significant accounting policies and methods of computation applied in the condensed interim financial statements are consistent with those applied in the annual financial statements for the year ended 31 December 2016, except for the adoption of the following amendments to MFRS that are applicable to the Group and the Company effective for the financial year beginning on 1 January 2017:• Amendments to MFRS 107 "Statement of cash flows - Disclosure initiative" • Amendments to MFRS 112 "Income taxes - Recognition of deferred tax assets for unrealised losses" The adoption of these amendments is not expected to have any significant effect on the financial statements of the Group and the Company. A3. AUDITOR'S REPORT ON PRECEDING ANNUAL FINANCIAL STATEMENTS The auditors' report on the audited financial statements for the financial year ended 31 December 2016 was not subjected to any qualification. A4. SEASONAL OR CYCLICAL FACTORS The operations of the Group are generally not affected by any seasonal or cyclical factors but are in tandem with the country’s economic situation. A5. ITEMS OF UNUSUAL NATURE, SIZE AND INCIDENCE AFFECTING NET ASSETS, EQUITY, NET INCOME OR CASH FLOWS There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group and the Company during the financial period under review. A6. CHANGES IN ESTIMATES There were no material changes in estimates of amounts reported in prior financial years that have a material effect during the financial period under review. A7. DEBT AND EQUITY SECURITIES There were no shares issuance or cancellations, share buy-backs, resale of shares bought back and repayment of debts and equity securities by the Company during the financial period under review. 10
11. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A8. DIVIDENDS PAID No dividend has been paid during the financial period under review. A9. TRADE RECEIVABLES Group 31/3/2017 RM’000 Amount due from stock-broking clients - performing accounts - impaired accounts Amount due from brokers Management fees receivable on fund management Less: Allowance for impairment - Individual impairment 31/12/2016 RM’000 399,451 1,491 118,991 175,256 322,195 1,705 114,092 93,104 695,189 531,096 (1,154) 694,035 (1,368) 529,728 Movement in allowance for impairment on trade receivables :Collective impairment Balance at the beginning of financial period/year Amount written-back during the financial period/year - Balance at the end of financial period/year - 16 (16) - Individual impairment Balance at the beginning of financial period/year Allowance made during the financial period/year Amount written-back during the financial period/year Amount written-off during the financial period/year 1,368 32 (246) - 4,123 1,781 (866) (3,670) Balance at the end of financial period/year 1,154 1,368 11
12. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A10. FINANCIAL ASSETS Group (a) Financial assets held-for-trading At fair value Malaysian Government Securities Malaysian Government Investment Issuance Negotiable Instruments of Deposit 31/3/2017 RM’000 31/12/2016 RM’000 12 9,895 150,051 200,067 Quoted Securities :- Shares in Malaysia - Unit Trusts in Malaysia 50,805 23,518 18,763 4,864 Unquoted Securities :- Corporate Bonds and/or Sukuk in Malaysia - Corporate Bonds and/or Sukuk outside Malaysia 17,660 13,813 31,218 15,442 265,754 270,354 278,930 12,208 2,035,369 67,020 484,922 444,295 1,199,836 318,324 1,816,434 66,597 485,574 439,219 1,494,956 4,522,580 4,621,104 31,721 202,720 52,256 83,155 32,134 190,278 50,266 78,540 238,749 8,383,002 575,822 238,749 8,190,917 730,129 Allowance for impairment losses of securities 14,090,005 (24,132) 14,132,117 (23,594) Total financial investments available-for-sale 14,065,873 14,108,523 403,512 15,101 402,532 15,042 418,613 417,574 (10,487) (10,487) Total financial assets held-for-trading (b) Financial investments available-for-sale At fair value Malaysian Government Securities Malaysian Government Treasury Bills Malaysian Government Investment Issuance Cagamas Bonds Sukuk Perumahan Kerajaan Khazanah Bonds Negotiable Instruments of Deposit and Islamic Debt Certificate Quoted Securities :- Shares in Malaysia - Unit Trusts in Malaysia - REITs in Malaysia - REITs outside Malaysia Unquoted Securities :- Shares in Malaysia - Corporate Bonds and/or Sukuk in Malaysia - Corporate Bonds and/or Sukuk outside Malaysia (c) Financial investments held-to-maturity At amortised cost Unquoted Securities :- Corporate Bonds and/or Sukuk in Malaysia - Redeemable Convertible Secured Loan Stocks in Malaysia Allowance for impairment losses of securities Total financial investments held-to-maturity Total securities held 408,126 407,087 14,739,753 14,785,964 12
13. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A11. LOANS, ADVANCES AND FINANCING (a) BY TYPE Group 31/3/2017 RM’000 Overdrafts Term loans/financing :- Housing Loan/financing - Syndicated term loans/financing - Hire purchase receivables - Business term loans/financing - Other term loans/financing Bills receivables Trust receipts Claims on customers under acceptance credits Staff loans/financing (of which RM NIL to Directors) Credit/charge cards Revolving credit Margin financing Factoring Other receivables 31/12/2016 RM’000 2,020,897 1,919,668 7,287,891 2,513,107 12,146,828 14,027,805 359,073 28,271 153,318 1,136,933 163,452 89,564 4,746,202 325,395 6,596 41,071 6,964,223 2,482,093 11,920,683 13,440,419 356,509 30,113 297,955 1,082,209 160,732 91,091 5,123,539 241,772 1,560 40,490 Gross loans, advances and financing Less: Allowance for impairment losses - Collective impairment - Individual impairment 45,046,403 44,153,056 Total net loans, advances and financing 44,701,687 43,747,427 8,969,937 5,098,037 7,278,089 23,700,340 9,204,328 4,969,834 7,332,075 22,646,819 45,046,403 44,153,056 4,666 3,033 681,879 834,841 12,344,892 12,087,788 977,112 18,645,686 621 12,667 291,092 12,553,872 10,998,242 1,467,488 17,920,443 957 88,036 286,144 45,046,403 44,153,056 402,006 12,149,244 3,836,710 325,395 - 406,788 11,923,338 3,546,700 241,772 0 17,067,408 11,222,259 43,381 16,774,292 11,195,608 64,558 45,046,403 44,153,056 (245,865) (98,851) (237,954) (167,675) (b) BY MATURITY STRUCTURE Maturing within one year One year to three years Three years to five years Over five years (c) BY TYPE OF CUSTOMER Domestic banking institutions Domestic non-banking institutions :- Others Domestic business enterprises :- Small medium enterprises - Others Government and statutory bodies Individuals Foreign individuals Other domestic entities Foreign entities (d) BY INTEREST / PROFIT RATE SENSITIVITY Fixed rate :- Housing loans/financing - Hire purchase receivables - Other fixed rate loans/financing - Margin financing Variable rate :- BLR plus - Cost plus - Other variable rates 13
14. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A11. LOANS, ADVANCES AND FINANCING (Cont.) (e) BY ECONOMIC PURPOSE Group 31/3/2017 RM’000 Construction Purchase of landed property of which :- Residential - Non-residential Purchase of securities Purchase of transport vehicles Fixed assets other than land and building Personal use Credit card Consumer durable Merger and acquisition Working capital Others 31/12/2016 RM’000 3,155,935 3,280,772 7,388,485 6,396,793 1,322,828 12,550,541 317,889 789,179 89,563 814 96,648 12,143,821 793,907 7,095,192 6,012,752 1,200,510 12,343,573 325,485 691,257 91,091 879 97,992 12,452,407 561,146 45,046,403 44,153,056 963,656 861,257 2,030,863 131,695 2,879,963 8,435,093 2,880,577 2,563,453 2,778,276 2,622,989 18,778,062 120,519 896,922 915,756 2,225,082 202,818 2,571,019 8,027,575 2,855,690 2,233,611 2,912,749 3,137,788 18,052,061 121,985 45,046,403 44,153,056 179,066 1,349,795 2,407,526 1,540,211 12,892,695 13,910,434 1,248,115 1,023,057 4,396,348 921,976 847,532 221,334 1,828,998 1,660,562 525,424 93,330 195,079 1,434,432 2,386,830 1,444,400 12,825,140 13,516,182 1,216,853 1,030,549 4,117,630 897,686 743,413 216,290 1,750,219 1,626,943 664,510 86,900 45,046,403 44,153,056 (f) BY SECTOR Primary agriculture Mining and quarrying Manufacturing Electricity, gas and water supply Construction Real estate Wholesale and retail trade and restaurants and hotels Transport, storage and communication Finance, insurance and business services Education, health and others Household Others (g) BY GEOGRAPHICAL DISTRIBUTION Perlis Kedah Pulau Pinang Perak Selangor Wilayah Persekutuan Negeri Sembilan Melaka Johor Pahang Terengganu Kelantan Sarawak Sabah Labuan Outside Malaysia 14
15. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A11. LOANS, ADVANCES AND FINANCING (Cont.) (h) IMPAIRED LOANS, ADVANCES AND FINANCING (i) Movements of impaired loans, advances and financing Group 31/3/2017 RM’000 31/12/2016 RM’000 Balance at the beginning of financial period/year Classified as impaired during the financial period/year Reclassified as non-impaired during the financial period/year Amount recovered during the financial period/year Amount written-off during the financial period/year Amount converted to financial investments held-for-maturity 737,253 361,850 (96,260) (28,068) (78,078) - 834,222 679,669 (383,917) (199,772) (184,899) (8,050) Balance at the end of financial period/year 896,697 737,253 53,010 39,998 391,294 85,080 8,749 94,397 726 24,825 659 17 234,359 3,581 203,075 76,002 158 86,062 878 28,441 408 17 295,207 7,007 896,697 737,253 14,056 107 32,297 178 102,997 279,459 66,421 2,833 81,199 864 316,286 14,331 120 27,934 207 102,416 71,195 57,706 2,106 145,544 732 314,962 896,697 737,253 (ii) Impaired loans, advances and financing by economic purpose Construction Purchase of landed property of which :- Residential - Non-residential Purchase of securities Purchase of transport vehicles Fixed assets other than land and building Personal use Credit card Consumer durable Working capital Others (iii) Impaired loans, advances and financing by sector Primary agriculture Mining and quarrying Manufacturing Electricity, gas and water supply Construction Real estate Wholesale and retail trade and restaurants and hotels Transport, storage and communication Finance, insurance and business services Education, health and others Household 15
16. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A11. LOANS, ADVANCES AND FINANCING (Cont.) (h) IMPAIRED LOANS, ADVANCES AND FINANCING (Cont.) (iv) Impaired loans, advances and financing by geographical distribution Group 31/3/2017 RM’000 Perlis Kedah Pulau Pinang Perak Selangor Wilayah Persekutuan Negeri Sembilan Melaka Johor Pahang Terengganu Kelantan Sarawak Sabah Outside Malaysia 31/12/2016 RM’000 5,449 56,129 53,091 18,531 260,156 278,504 78,879 15,411 26,079 9,033 6,752 5,522 7,061 45,260 30,840 5,245 48,834 41,022 18,490 314,005 79,564 79,423 16,091 27,974 9,574 6,245 5,337 7,951 45,914 31,584 896,697 737,253 Collective impairment Balance at beginning of financial period/year Allowance (net of write-back) made during the financial period/year Amount written-off during the financial period/year 237,954 8,677 (766) 238,868 43,748 (44,662) Balance at the end of financial period/year 245,865 237,954 Individual impairment Balance at the beginning of financial period/year Allowance made during the financial period/year Amount recovered during the financial period/year Amount written-off during the financial period/year Amount converted to financial investments held-to-maturity Unwinding discount of allowance Exchange difference 167,675 20,124 (12,568) (74,699) (1,449) (232) 295,263 81,349 (59,431) (132,589) (6,950) (10,324) 357 98,851 167,675 29,687 12,377 69,855 49,189 77,017 500 10,721 7,970 73,535 46,725 76,561 500 238,625 216,012 (v) Movements in allowance for impairment on loans, advances and financing Balance at the end of financial period/year A12. OTHER ASSETS Cheque clearing accounts Foreclosed properties Other debtors, deposits and prepayments Amount due from joint ventures Collaterals pledged for derivative transactions Amount due from associates 16
17. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A13. OTHER LIABILITIES Group 31/3/2017 RM’000 Bank Negara Malaysia and Credit Guarantee Corporation Funding Programmes Margin and collateral deposits Commissiond dealer's representative trust balances Defined contribution plan Accrued employee benefits Other creditors and accruals Collaterals pledged for derivative transactions Amount payable to commisioned and salaried dealers's representatives Cheque clearing accounts Provision for zakat Sundry creditors 31/12/2016 RM’000 37,973 133,577 48,023 16,414 41,877 147,107 12,763 38,563 149,616 47,090 15,662 85,606 137,136 8,761 34,465 26,460 3,722 103,097 22,174 19,272 3,447 128,867 605,478 656,194 A14. INTEREST INCOME <----------------------------------Group----------------------------------> Individual Quarter Ended 31/3/2017 RM’000 Loans, advances and financing Money at call and deposits with financial institutions Financial assets held-for-trading Financial investments available-for-sale Financial investments held-to-maturity Derivatives Subordinated term loan Others of which :Interest income earned on impaired loans, advances and financing 31/3/2016 RM’000 Cumulative Quarter Ended 31/3/2017 RM’000 31/3/2016 RM’000 454,035 28,055 1,998 111,710 3,419 27,068 1,131 98 477,119 14,895 2,856 108,813 4,284 29,463 1,433 (547) 454,035 28,055 1,998 111,710 3,419 27,068 1,131 98 477,119 14,895 2,856 108,813 4,284 29,463 1,433 (547) 627,514 638,316 627,514 638,316 24 268 24 268 14,047 334,428 25,957 7,914 5,628 15,752 352,221 27,047 1,442 12,167 14,047 334,428 25,957 7,914 5,628 15,752 352,221 27,047 1,442 12,167 387,974 408,629 387,974 408,629 A15. INTEREST EXPENSE Deposits and placements of banks and other financial institutions Deposits from customers Derivatives Subordinated medium term notes Loans sold to Cagamas Berhad Others 17
18. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A16. OTHER OPERATING INCOME <----------------------------------Group----------------------------------> Individual Quarter Ended 31/3/2017 RM’000 31/3/2016 RM’000 Cumulative Quarter Ended 31/3/2017 RM’000 31/3/2016 RM’000 Fee income Gross brokerage Underwriting fees Portfolio management fees Corporate advisory fees Commission Service charges and fees Guarantee fees Arrangement fees/Co-ordinating fees Agency fees Initial service charges Other fee income 28,206 3,783 50,886 1,550 4,884 14,692 5,492 450 485 28,441 3,265 24,356 445 43,355 2,511 3,649 12,756 7,588 2,895 385 8,914 1,158 28,206 3,783 50,886 1,550 4,884 14,692 5,492 450 485 28,441 3,265 24,356 445 43,355 2,511 3,649 12,756 7,588 2,895 385 8,914 1,158 142,134 108,012 142,134 108,012 Income from financial instruments Gains/(losses) arising on financial assets held-for-trading :- net gains on disposal - unrealised gains/(losses) - gross dividend income 23,429 (206) 94 4,795 2,006 436 23,429 (206) 94 4,795 2,006 436 Gains/(losses) on derivatives :- realised - unrealised 103 (1,178) 1,063 (8,458) 103 (1,178) 1,063 (8,458) 7,312 4,746 5,683 1,710 7,312 4,746 5,683 1,710 34,300 7,235 34,300 7,235 Gains arising on financial investments available-for-sale :- net gains on disposal - gross dividend income Other income Foreign exchange gains/(losses) - realised - unrealised Rental income Gains on disposal of property and equipment Gains on disposal of foreclosed properties Other non-operating income Total other operating income (1,681) 14,026 628 179 3,495 (85,347) 104,057 461 99 104 3,683 (1,681) 14,026 628 179 3,495 (85,347) 104,057 461 99 104 3,683 16,647 23,057 16,647 23,057 193,081 138,304 193,081 138,304 18
19. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A17. OTHER OPERATING EXPENSES <----------------------------------Group----------------------------------> 7 Individual Quarter Ended 31/3/2017 RM’000 Personnel costs Wages, salaries and bonus Defined contribution plan Other personnel costs 31/3/2016 RM’000 Cumulative Quarter Ended 31/3/2017 RM’000 31/3/2016 RM’000 134,959 21,047 20,321 111,244 18,558 17,339 134,959 21,047 20,321 111,244 18,558 17,339 176,327 147,141 176,327 147,141 3,539 1,332 1,698 2,893 38,781 1,644 1,706 4,491 1,083 1,653 2,208 18,304 1,722 1,871 3,539 1,332 1,698 2,893 38,781 1,644 1,706 4,491 1,083 1,653 2,208 18,304 1,722 1,871 51,593 31,332 51,593 31,332 10,097 413 11,818 5,946 6,133 15,265 1,807 4,549 3,065 5,869 1,250 10,532 742 12,873 6,039 5,958 16,076 1,702 4,564 3,601 4,942 1,441 10,097 413 11,818 5,946 6,133 15,265 1,807 4,549 3,065 5,869 1,250 10,532 742 12,873 6,039 5,958 16,076 1,702 4,564 3,601 4,942 1,441 66,212 68,470 66,212 68,470 3,125 890 3,696 633 3,125 890 3,696 633 653 8 51 323 10,855 21 588 2,171 745 3,441 102 1,940 2,305 710 819 5,723 601 106 1,309 1,033 17 1,148 3,132 852 3,071 47 19 1,775 1,898 849 654 4,835 653 8 51 323 10,855 21 588 2,171 745 3,441 102 1,940 2,305 710 819 5,723 601 106 1,309 1,033 17 1,148 3,132 852 3,071 47 19 1,775 1,898 849 654 4,835 34,476 25,675 34,476 25,675 328,608 272,618 328,608 272,618 Promotion and marketing-related expenses Business promotion and advertisement Entertainment Travelling and accommodation Dealers' handling fees Commission and brokerage expenses Dealers representative performance incentive Others Establishment-related expenses Rental of premises Equipment rental Repair and maintenance Depreciation of property and equipment Amortisation of intangible assets IT consultancy fee Dataline rental Security services Electricity, water and sewerage Insurance and indemnities Others General and administrative expenses Telecommunication expenses Directors' remuneration Auditors' remuneration :(i) Statutory audit fees - current year (ii) Regulatory related fees (iii) Tax fees (iv) Non-audit fees Professional fees Property and equipment written-off Intangible asset written-off Postage and courier charges Stationery and consumables Donations Settlement, clearing and bank charges Stamp duties Operational and litigation write-off expenses Subscription fees Transaction levy Subsidies and allowances SCORE fees Others Total other operating expenses 19
20. AFFIN HOLDINGS BERHAD (Company No. 23218-W) Condensed Interim Financial Statements Explanatory Notes - Financial Quarter Ended 31 March 2017 A18. ALLOWANCE FOR IMPAIRMENT LOSSES ON LOANS, ADVANCES, FINANCING AND TRADE RECEIVABLES <----------------------------------Group----------------------------------> Individual Quarter Ended 31/3/2017 RM’000 Collective impairment - made during the financial period 31/3/2016 RM’000 Cumulative Quarter Ended 31/3/2017 RM’000 31/3/2016 RM’000 8,677 11,254 8,677 11,254 Individual impairment - made during the financial period - written-back during the financial period 20,156 (12,814) 5,570 (3,945) 20,156 (12,814) 5,570 (3,945) Bad debts - recovered - written-off (10,585) 293 (14,714) 221 (10,585) 293 (14,714) 221 Additional allowance for impairment losses - other debtors 48 5,775 39 (1,575) 48 5,775 39 (1,575) A19. ALLOWANCE FOR IMPAIRMENT LOSSES ON SECURITIES Allowance for impairment losses - Financial investments available-for-sale 712 - 712 - 712 - 712 -- 20