Affin Islamic Bank Berhad: Interim Financial Statements - 31 March 2017

Transcription

1. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION as at 31 March 2017 Note ASSETS Cash and short-term funds Derivative financial assets Financial investments available-for-sale Financial investments held-to-maturity Financing, advances and other financing Other assets Amount due from joint ventures Amount due from associate Deferred tax assets Statutory deposits with Bank Negara Malaysia Investment in joint ventures Investment in associate Property and equipment TOTAL ASSETS LIABILITIES AND EQUITY Deposits from customers Investment accounts of customers Deposits and placements of banks and other financial institutions Investment accounts due to designated financial institutions Derivative financial liabilities Other liabilities Amount due to holding company Provision for taxation TOTAL LIABILITIES Share capital Reserves TOTAL EQUITY Economic Entity Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 The Bank Current Financial Quarter 31/3/2017 RM'000 Previous Financial Year-End 31/12/2016 RM'000 1,646,144 10,912 1,920,423 73,396 12,755,307 27,194 49,189 500 5,621 1,057,844 8,987 1,833,408 72,122 11,914,943 7,901 46,725 500 8,056 1,646,144 10,912 1,920,423 73,396 12,755,307 27,194 49,189 500 5,621 1,057,844 8,987 1,833,408 72,122 11,914,943 7,901 46,725 500 8,056 309,640 750 2,379 16,801,455 332,000 750 2,347 15,285,583 309,640 650 750 2,379 16,802,105 332,000 650 750 2,347 15,286,233 20 10,936,358 831 10,528,698 - 10,936,358 831 10,528,698 - 22 2,075,454 1,248,993 2,075,454 1,248,993 23 24 25 2,129,988 8,145 24,932 232,612 5,186 15,413,506 2,110,049 1,412 36,331 196,828 6,015 14,128,326 2,129,988 8,145 24,932 232,612 5,186 15,413,506 2,110,049 1,412 36,331 196,828 6,015 14,128,326 760,000 627,949 1,387,949 560,000 597,257 1,157,257 760,000 628,599 1,388,599 560,000 597,907 1,157,907 16,801,455 15,285,583 16,802,105 15,286,233 3,795,066 3,317,468 3,795,066 3,317,468 13 14 15 16 17 18 19 26 TOTAL LIABILITIES AND EQUITY COMMITMENTS AND CONTINGENCIES 33 Capital Adequacy CET1 capital ratio Tier 1 capital ratio Total capital ratio 36 36 36 13.346% 13.346% 14.493% 12.421% 12.421% 13.598% 13.347% 13.347% 14.493% 12.424% 12.424% 13.598% The deposits from customers and deposits and placements of banks and other financial institutions for the Group as at 31 December 1
2. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED INCOME STATEMENTS for the financial quarter ended 31 March 2017 Note Individual Quarter Economic Entity Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 Cumulative Quarter Economic Entity Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 Income derived from investment of depositors' funds and others 27 148,082 129,905 148,082 129,905 28 28,394 19,181 28,394 19,181 29 15,638 11,290 15,638 11,290 30 (5,392) (2,535) (5,392) (2,535) Income derived from investment of investment account funds Income derived from investment of shareholders' funds Allowances for impairment losses on financing, advances and other financing Total distributable income 186,722 157,841 186,722 157,841 (115,502) (100,893) (115,502) (100,893) 71,220 56,948 71,220 56,948 (38,470) (31,455) (38,470) (31,455) 32,750 25,493 32,750 25,493 - - - - Profit before taxation 32,750 25,493 32,750 25,493 Taxation (8,681) (6,512) (8,681) (6,512) Net profit after zakat and taxation 24,069 18,981 24,069 18,981 Attributable to: Equity holder of the Bank 24,069 18,981 24,069 18,981 3.7 4.1 3.7 4.1 Income attributable to the depositors 31 Total net income Other operating expenses Profit before zakat and taxation Zakat Earnings per share (sen): - Basic 32 2
3. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF COMPREHENSIVE INCOME for the financial quarter ended 31 March 2017 (continued) Individual Quarter Economic Entity Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 Profit after zakat and taxation Cumulative Quarter Economic Entity Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 24,069 18,981 24,069 18,981 8,714 15,750 8,714 15,750 (2,091) (3,780) (2,091) (3,780) 6,623 11,970 6,623 11,970 30,692 30,951 30,692 30,951 30,692 30,951 30,692 30,951 Other comprehensive income: Items that may be reclassified subsequently to profit and loss: Net fair value change in financial investments available-for-sale Deferred tax on financial investments available-for-sale Other comprehensive income for the financial period, net of tax Total comprehensive income for the financial period Attributable to equity holder of the Bank: - Total comprehensive income 3
4. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED INCOME STATEMENTS for the financial quarter ended 31 March 2017 (continued) Note Individual Quarter The Bank Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 Cumulative Quarter The Bank Current Preceding Year Financial Corresponding Quarter Quarter 31/3/2017 31/3/2016 RM'000 RM'000 Income derived from investment of depositors' funds and others 27 148,082 129,905 148,082 129,905 28 28,394 19,181 28,394 19,181 29 15,638 11,290 15,638 11,290 30 (5,392) (2,535) (5,392) (2,535) Income derived from investment of investment account funds Income derived from investment of shareholders' funds Allowances for impairment losses on financing, advances and other financing Total distributable income 186,722 157,841 186,722 157,841 (115,502) (100,893) (115,502) (100,893) 71,220 56,948 71,220 56,948 (38,470) (31,455) (38,470) (31,455) 32,750 25,493 32,750 25,493 - - - - Profit before taxation 32,750 25,493 32,750 25,493 Taxation (8,681) (6,512) (8,681) (6,512) Net profit after zakat and taxation 24,069 18,981 24,069 18,981 Attributable to: Equity holder of the Bank 24,069 18,981 24,069 18,981 3.7 4.1 3.7 4.1 Income attributable to the depositors 31 Total net income Other operating expenses Profit before zakat and taxation Zakat Earnings per share (sen): - Basic 32 4
5. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF COMPREHENSIVE INCOME for the financial quarter ended 31 March 2017 (continued) Individual Quarter The Bank Profit after zakat and taxation Cumulative Quarter The Bank Current Preceding Year Current Preceding Year Financial Corresponding Financial Corresponding Quarter Quarter Quarter Quarter 31/3/2017 31/3/2016 31/3/2017 31/3/2016 RM'000 RM'000 RM'000 RM'000 24,069 18,981 24,069 18,981 8,714 15,750 8,714 15,750 (2,091) (3,780) (2,091) (3,780) 6,623 11,970 6,623 11,970 30,692 30,951 30,692 30,951 30,692 30,951 30,692 30,951 Other comprehensive income: Items that may be reclassified subsequently to profit and loss: Net fair value change in financial investments available-for-sale Deferred tax on financial investments available-for-sale Other comprehensive income for the financial period, net of tax Total comprehensive income for the financial period Attributable to equity holder of the Bank: - Total comprehensive income 5
6. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF CHANGES IN EQUITY for the financial quarter ended 31 March 2017 Attributable to Equity Holder of the Bank AFS Statutory revaluation Regulatory reserves reserves reserves RM'000 RM'000 RM'000 Economic Entity Share capital RM'000 At 1 January 2017 560,000 305,016 - - - - 24,069 24,069 - - 6,623 6,623 - 24,069 6,623 30,692 Issued during the financial period Transfer to statutory reserves/regulatory reserves 200,000 - - - 8,518 (8,518) 200,000 - At 31 March 2017 760,000 305,016 Economic Entity Share capital RM'000 Statutory reserves RM'000 At 1 January 2016 460,000 248,717 Net profit for the financial period Other comprehensive income (net of tax) - Financial investments available-for-sale Total comprehensive income - - - Transfer to statutory reserves/regulatory reserves Net profit for the financial period Other comprehensive income (net of tax) - Financial investments available-for-sale Total comprehensive income At 31 March 2016 (18,064) (11,441) Retained profits RM'000 Total RM'000 73,178 237,127 1,157,257 81,696 252,678 1,387,949 Regulatory reserves RM'000 Retained profits RM'000 Total RM'000 58,400 195,606 954,815 - - 18,981 18,981 - 11,970 11,970 - 18,981 11,970 30,951 - - - 3,891 460,000 248,717 4,062 62,291 AFS revaluation reserves RM'000 (7,908) (3,891) 210,696 985,766 6
7. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF CHANGES IN EQUITY for the financial quarter ended 31 March 2017 (continued) Non-distributable Distributable AFS Statutory revaluation Regulatory reserves reserves reserves RM'000 RM'000 RM'000 The Bank Share capital RM'000 At 1 January 2017 560,000 305,016 - - - - 24,069 24,069 - - 6,623 6,623 - 24,069 6,623 30,692 Issued during the financial period Transfer to statutory reserves/regulatory reserves 200,000 - - - 8,518 (8,518) 200,000 - At 31 March 2017 760,000 305,016 The Bank Share capital RM'000 Statutory reserves RM'000 At 1 January 2016 460,000 248,717 Net profit for the financial period Other comprehensive income (net of tax) - Financial investments available-for-sale Total comprehensive income - - - Transfer to statutory reserves/regulatory reserves Net profit for the financial period Other comprehensive income (net of tax) - Financial investments available-for-sale Total comprehensive income At 31 March 2016 (18,064) (11,441) Retained profits RM'000 Total RM'000 73,178 237,777 1,157,907 81,696 253,328 1,388,599 Regulatory reserves RM'000 Retained profits RM'000 Total RM'000 58,400 196,256 955,465 - - 18,981 18,981 - 11,970 11,970 - 18,981 11,970 30,951 - - - 3,891 460,000 248,717 4,062 62,291 AFS revaluation reserves RM'000 (7,908) (3,891) 211,346 986,416 7
8. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF CASH FLOWS for the financial quarter ended 31 March 2017 Economic Entity 31/3/2017 31/3/2016 RM'000 RM'000 The Bank 31/3/2017 RM'000 31/3/2016 RM'000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 32,750 25,493 32,750 25,493 (17,253) (1,274) (13,066) (1,355) (17,253) (1,274) (13,066) (1,355) (1,301) (1,346) (1,301) (1,346) (1,073) 4,808 225 1 1,917 3,739 (745) (1,375) 258 116 493 2,629 (1,073) 4,808 225 1 1,917 3,739 (745) (1,375) 258 116 493 2,629 22,539 11,102 22,539 11,102 Adjustments for items not involving the movement of cash and cash equivalents: Finance income and hibah from: - financial investments available-for-sale - financial investments held-to-maturity Accretion of discount less amortisation of premium: - financial investments available-for-sale Gain on sale/redemption: - financial investments available-for-sale Loss/(Gain) on unrealised foreign exchange Depreciation of property and equipment Property and equipment written-off Amortisation of intangible assets Net individual impairment Net collective impairment Operating profit before changes in working capital (Increase)/Decrease in operating assets: Deposits and placements with banks and other financial institutions Financing, advances and other financing Other assets Statutory deposits with Bank Negara Malaysia Amount due from holding company Amount due from joint ventures Derivative financial instruments Increase/(Decrease)in operating liabilities: Deposits from customers Investment accounts of customers Deposits and placements of banks and other financial institutions Investment accounts due to designated financial institutions Amount due to holding company Other liabilities Cash generated from operations Zakat paid Tax paid Net cash generated from operating activities (846,020) (28,934) 22,360 (2,464) 4,808 35,034 (1,349,413) (23,027) (37,400) 367,172 (442) (1,375) (846,020) (28,934) 22,360 (2,464) 4,808 35,034 (1,349,413) (23,027) (37,400) 367,172 (442) (1,375) 407,660 831 (317,910) - 407,660 831 (317,910) - 826,461 705,649 826,461 705,649 19,939 35,784 (11,243) 451,721 (156) (9,167) 793,234 91,957 (19,380) 255,201 (383) (5,227) 19,939 35,784 (11,243) 451,721 (156) (9,167) 793,234 91,957 (19,380) 255,201 (383) (5,227) 442,398 249,591 442,398 249,591 8
9. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF CASH FLOWS for the financial quarter ended 31 March 2017 (continued) Economic Entity 31/3/2017 31/3/2016 RM'000 RM'000 CASH FLOWS FROM INVESTING ACTIVITIES Finance income and hibah received from: - financial investments available-for-sale - financial investments held-to-maturity Redemption of financial investments held-to-maturity Net sale of financial investments available-for-sale Purchase of property and equipment Net cash (used in)/generated from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Increase in share capital Net cash generated from financing activities Net increase in cash and cash equivalents Net increase/(decrease) in foreign exchange Cash and cash equivalents at beginning of the financial period CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD The Bank 31/3/2017 RM'000 31/3/2016 RM'000 18,554 1,274 13,066 1,355 18,554 1,274 13,066 1,355 (1,274) (1,355) (1,274) (1,355) (77,227) (244) 22,333 (203) (77,227) (244) 22,333 (203) (58,917) 35,196 (58,917) 35,196 200,000 200,000 583,481 4,819 284,787 (12,464) 200,000 200,000 583,481 4,819 284,787 (12,464) 1,057,844 1,918,570 1,057,844 1,918,570 1,646,144 2,190,893 1,646,144 2,190,893 9
10. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 1 BASIS OF PREPARATION This unaudited condensed interim financial information for the 3 months ended 31 March 2017 has been prepared in accordance with MFRS134 “Interim Financial Reporting” issued by the Malaysian Accounting Standards Board ('MASB'), Bank Negara Malaysia ('BNM') Guidelines and the requirements of the Companies Act, 2016 in Malaysia. The financial statements of the Bank have been prepared under the historical cost convention, unless otherwise indicated in this summary of significant accounting policies. The unaudited condensed interim financial information should be read in conjunction with the annual financial statements for the year ended 31 December 2016, which have been prepared in accordance with the Malaysian Financial Reporting Standards ('MFRS'). The explanatory notes to this interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the Bank since the year ended 31 December 2016. 2 ACCOUNTING POLICIES The consolidated financial statements include the financial statements of the Bank and a joint ventures, made up to the quarter ended 31 March 2017. The presentation of the comparative financial statements of the Bank has been restated to conform with the current period's pesentation. The new and revised Malaysian Financial Reporting Standards ('MFRS') which became effective for the financial period beginning on or after 1 January 2016 are as follows: Amendment to MFRS 107 'Statement of Cash Flows - Disclosure Initiative' (effective from 1 January 2017); Amendment to MFRS 112 'Income Taxes - Recognition of Deferred Tax Assets for Unrealised Losses' (effective from 1 January 2017); MFRS 9 'Financial Instruments' (effective from 1 January 2018) will replace MFRS 139 'Financial instruments : Recognition and Measurement' and MFRS 15 'Revenue from contracts with customers' (effective from 1 January 2017) replaces MFRS 118 'Revenue' and MFRS 111 'Construction contracts' and related interpretations. MFRS 16 'Leases' (effective from 1 January 2019) supersedes MFRS 117 'Leases' and the related interpretations. The Bank will apply these standards when effective. The adoption of the above standards, amendments to published standards and interpretations to existing standards are not expected to have any significant impact on the financial statements of the Bank except for MFRS 9. The financial effect of adoption of MFRS 9 is still being assessed by the Bank. 3 The effects of adopting 25 and ANNUAL MASB 29 FINANCIAL are summarised in the Statements of Changes in Equity and QUALIFICATION OF MASB PRECEDING STATEMENTS The effects of adopting MASB 25 and MASB 29 are summarised in the Statements of Changes in Equity and further The auditors' report on the audited annual financial statements for the financial year ended 31 December 2016 was not qualified. 4 The effects ofOR adopting MASB FACTORS 25 and MASB 29 are summarised in the Statements of Changes in Equity and SEASONAL CYCLICAL The effects of adopting MASB 25 and MASB 29 are summarised in the Statements of Changes in Equity and further The business operations of the Bank are not subject to material seasonal or cyclical fluctuation. 10
11. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 5 EXCEPTIONAL ITEMS There was no exceptional items for the quarter ended 31 March 2017. The effects arising of from the adoption these standards andsummarised interpretations setStatements out below: of Changes in Equity and further The effects adopting MASBof 25 andnew MASB 29 are in isthe 6 CHANGES IN ACCOUNTING POLICIES AND ADJUSTMENT Refer to Note 2 7 CHANGES IN DEBTS AND EQUITY SECURITIES There were no purchases or disposal of quoted securities for the quarter ended 31 March 2017 other than in the ordinary course of business. 8 During The During theeffects financial the year, of year adopting the ended GroupMASB 31 changed December 25itsand accounting 2003, MASB the29 policies Group are summarised and withthe respect Company in of thehave following: Statements adopted of the Changes followinginaccounting Equity and standards further There As perwere appendix no interim 1. dividend has been declared. DIVIDENDS There were no interim dividend declared. 9 SUBSEQUENT MATERIAL EVENT There is no material subsequent event after the quarter ended 31 March 2017 that have material financial impact. 10 CHANGES IN THE COMPOSITION OF THE BANK There is no changes in the composition of the Bank between now and 31 March 2017 audited accounts. 11 PURCHASE AND SALE OF QUOTED SECURITIES There were no purchases or disposals of quoted securities for the quarter ended 31 March 2017 other than in the ordinary course of business. 12 STATUS OF CORPORATE PROPOSAL There were no corporate proposals announced but not completed during the period ended 31 March 2017. 11
12. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 13 DERIVATIVE FINANCIAL ASSETS Economic Entity and The Bank Current Financial Quarter Previous Financial Year End 31/3/2017 31/12/2016 Contract/ Contract/ notional notional amount Assets amount Assets RM'000 RM'000 RM'000 RM'000 At fair value Foreign exchange derivatives - Currency forwards 14 663,597 663,597 10,912 10,912 939,223 939,223 8,987 8,987 FINANCIAL INVESTMENTS AVAILABLE-FOR-SALE The effects of adopting MASB 25 and MASB 29 are summarised in the Statements ofEconomic Changes Entity in Equity andand Thefurther Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 At fair value Money market instruments: Malaysian Government treasury bills 12,208 Malaysian Government investment issues 668,403 628,785 128,660 129,431 Sukuk Perumahan Kerajaan 175,233 173,287 Khazanah Sukuk 984,504 931,503 Unquoted securities: Corporate bonds/sukuk - in Malaysia 935,919 901,905 1,920,423 1,833,408 Allowance for impairment losses 1,833,408 1,920,423 Income No Interest Conversely, Investments Dealing Investment Malaysian Quoted Transfers, Depreciation Specific Securities Transfers, Fixed Dealing The Lease Income Commission amortisation Group Company tax Company's provision total assets where on shares securities income and expense from securities provisions ifterm consideration securities Government if purchased obligation adopts in any, expenses are any, the and of subsidiaries the and for adopts and ispolicy other stated between lessor for from handling are between provided IBS retirement the are Private housing are the are marketable under the assets on in financing marketable at business on effectively loans from securities year Securities, respect cost made investment securities financing specific investment are charges Debt for loans resale isbenefits is loans less stated freehold is calculated based for method is of Securities securities is securities that accumulated recognised retains and recognised paid agreements transactions sold method recognised doubtful Malaysian and atwas on and are general cost land. to of under to dealing the substantially to acquired dealing made hire accounting Pengurusan that are of that and write profit Leasehold debts accounting on repurchase purchase provisioning on depreciation. valued are Government arising are for securities securities the accruals off for and required securities and required eligible written the monthly accrual for the all at held from Danaharta land dealers financing cost for market its the agreements year, are down basis. are conforms for employees and is leasing and Islamic its investment risks purchased basis of made rest amortised made yield as are leasing held the value. when Nasional However, adjusted basis. and which expensed and at business. assets Banking or at with are the benefits who business. capital the is with Income over Other securities certificates, lower have the in on Bank for lower Berhad Directors have off interest Scheme accordance the aintention tax growth of investment straight been commitment of based Negara on of completed period ownership purposes, cost which ("Danaharta") cost hire consider individually are Cagamas and is on and of line of of Malaysia's and recognised with the accounted are purchase, are resale resale the securities market basis together at of market sum to sold, usually that lease. least the the resell bonds, in in over is ofprinciples there reviewed value. leased with the "Guideline the 10 value. received for digits block with on are held at the short-term, years short-term, on ais other future stated cash term commitment ato estimated method. aaccruals discounting charge permanent maturity. and of in ofon is basis Government Government service two dates. at Syariah classified specifically Suspension and cost or and basis portions; useful where credit are The to based are diminution and and and stated as Bank Movement in allowance for impairment losses At beginning of the financial period Writeback of allowance for impairment loss At end of the financial period - 550 (550) - 12
13. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 15 FINANCIAL INVESTMENTS HELD-TO-MATURITY The effects of adopting MASB 25 and MASB 29 are summarised in the Statements ofEconomic Changes Entity in Equity andand Thefurther Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 At amortised cost Unquoted securities: Corporate bonds/sukuk in Malaysia 73,396 73,396 72,122 72,122 16 Included in the provision for diminution in value for investment securites above are specific provision and interest/incomeFINANCING, ADVANCES AND OTHER FINANCING (i) By type Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Cash line Term financing - House financing - Hire purchase receivables - Syndicated financing - Business term financing Bills receivables Trust receipts Claims on customers under acceptances credits Staff financing (of which RM Nil to Directors) Revolving credits Gross financing, advances and other financing Less: Allowance for impairment losses - Individual - Collective Total net financing, advances and other financing 289,262 278,880 3,183,896 3,408,055 683,934 3,799,498 9,594 5,945 173,737 16,516 1,252,947 12,823,384 2,857,530 3,181,358 582,739 3,541,779 21,376 6,938 174,623 13,109 1,319,609 11,977,941 (19,343) (48,734) 12,755,307 (18,003) (44,995) 11,914,943 Included in business term financing as at reporting date is RM53.7 million (31 December 2016: RM53.7 million) and RM54.8 million (31 December 2016: RM78.0 million) of term financing disbursed by the Bank to joint ventures with AFFIN-i Nadayu Sdn Bhd and KL South Development Sdn Bhd respectively. 13
14. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING (ii) By maturity structure Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Maturing within one year One year to three years Three years to five years Over five years 1,966,367 1,048,183 1,401,220 8,407,614 12,823,384 2,038,888 1,009,718 1,375,861 7,553,474 11,977,941 (iii) By contract 14
15. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING Included Included in financing, the provision advances for diminution and other in financing value for are investment exposures to securites Restricted above Investments are specific Accounts provision ("RIA"), and interest/incomeas part of customer (iv) By type Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Domestic non-banking institutions - Others Domestic business enterprises - Small medium enterprises - Others Government and statutory bodies Individuals Other domestic entities Foreign entities (v) 201,333 209,499 1,940,656 3,113,656 933,946 6,501,527 10,272 121,994 12,823,384 1,774,697 2,517,012 1,381,918 5,966,553 9,690 118,572 11,977,941 By profit rate sensitivity Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Fixed rate - House financing - Hire purchase receivables - Other fixed rate financing Variable rate - BR/BFR - Cost - plus 45,020 3,408,055 1,768,216 45,937 3,181,357 1,354,586 5,544,711 2,057,382 12,823,384 5,389,570 2,006,491 11,977,941 (vi) By economic sectors Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Primary agriculture Mining and quarrying Manufacturing Electricity, gas and water supply Construction Real estate Wholesale & retail trade and restaurants & hotels Transport, storage and communication Finance, insurance and business activities Education, health and others Household Others 438,141 8,779 319,878 63,805 699,617 1,572,694 410,709 793,490 518,969 1,454,361 6,542,159 782 12,823,384 402,119 11,348 334,745 64,369 523,091 1,455,409 407,649 284,216 460,983 2,031,720 6,002,241 51 11,977,941 15
16. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING (continued) (vii) By economic purpose Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Purchase of securities Purchase of transport vehicles Purchase of landed property of which: - Residential - Non-residential Fixed assets other than land and building Personal use Construction Working capital Others 275,312 3,478,544 275,516 3,250,531 3,098,340 1,562,596 75,182 47,743 796,857 3,067,995 420,815 12,823,384 2,943,870 1,112,190 72,421 53,593 895,685 3,137,471 236,664 11,977,941 (viii) By geographical distribution Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Perlis Kedah Pulau Pinang Perak Selangor Wilayah Persekutuan Negeri Sembilan Melaka Johor Pahang Terengganu Kelantan Sarawak Sabah Labuan Outside Malaysia 133,696 605,867 407,505 536,652 3,471,143 4,670,095 496,084 207,644 1,046,992 321,004 395,089 159,573 149,960 74,525 66,014 81,541 12,823,384 147,438 661,893 362,260 442,731 3,460,892 4,234,116 448,601 199,155 834,371 302,330 395,910 153,175 132,131 55,896 63,974 83,068 11,977,941 16
17. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING (continued) (ix) Movements of impaired financing Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 At beginning of the financial period Classified as impaired Reclassified as non-impaired Amount recovered Amount written-off At end of the financial period Ratio of gross impaired financing, advances and other financing to gross financing, advances and other financing (*) 97,498 240,663 (20,972) (4,173) 313,016 141,708 164,338 (111,590) (87,213) (9,745) 97,498 1.08% 0.99% 12,823,384 (2,132,040) 10,691,344 11,977,941 (2,112,243) 9,865,698 (19,343) (20,918) 10,651,083 (18,003) (16,454) 9,831,241 0.71% 0.64% * RIA assets excluded in the ratio calculation. Gross financing, advances and other financing RIA financing Less: - Individual impairment allowance - Collective impairment allowance on impaired financing Total net financing, advances and other financing Net impaired financing, advances and other financing as a percentage of net financing, advances and other financing 17
18. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING (continued) (x) Movements in allowance for impairment on financing Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Individual impairment At beginning of the financial period Allowance made during the financial period Amount recovered Amount written-off Unwinding of income Exchange differences At end of the financial period 18,003 5,748 (3,831) (345) (232) 19,343 38,516 19,340 (35,863) (4,149) (198) 357 18,003 44,995 3,739 48,734 36,671 13,897 (5,573) 44,995 Collective impairment At beginning of the financial period Allowance made during the financial period Amount written-off At end of the financial period As a percentage of gross financing and advances (excluding RIA financing) less individual impairment allowance 0.46% 0.46% (xi) Impaired financing by economic sectors Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Primary agriculture Mining and quarrying Manufacturing Electricity, gas and water supply Construction Real estate Wholesale & retail trade and restaurants & hotels Transport, storage and communication Finance, insurance and business activities Education, health and others Household 45 56 1,117 111 11,724 229,873 1,135 465 544 185 67,761 313,016 43 57 1,028 111 5,081 33,635 589 307 492 162 55,993 97,498 18
19. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 16 FINANCING, ADVANCES AND OTHER FINANCING (continued) (xii) Impaired financing by economic purpose Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Purchase of transport vehicles Purchase of landed property of which: - Residential - Non-residential Fixed assets other than land and building Personal use Construction Working capital Others 19,440 16,330 50,640 203,253 221 799 6,823 31,757 83 313,016 41,395 6,153 227 825 32,568 97,498 (xiii) Impaired financing by geographical distribution Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Perlis Kedah Pulau Pinang Perak Selangor Wilayah Persekutuan Negeri Sembilan Melaka Johor Pahang Terengganu Kelantan Sarawak Sabah Outside Malaysia 4,711 10,711 2,349 5,354 34,960 205,592 4,472 936 2,122 1,347 5,451 3,790 211 170 30,840 313,016 4,801 3,016 2,105 4,326 30,969 2,670 4,849 938 1,517 1,694 5,016 3,643 198 172 31,584 97,498 19
20. Company No : 709506-V AFFIN Islamic Bank Berhad (Incorporated in Malaysia) MFRS 134 INTERIM FINANCIAL REPORTING - 31 MARCH 2017 17 OTHER ASSETS Economic Entity and The Bank Current Previous Financial Financial Quarter Year-End 31/3/2017 31/12/2016 RM'000 RM'000 Other debtors Prepayment and deposits Clearing accounts Foreclosed properties (a) Others (a) 1,586 432 22,731 2,445 27,194 2,330 2,962 2,445 164 7,901 2,445 2,445 395 2,050 2,445 Foreclosed properties At beginning of the financial period Amount arising during the financial period At end of the financial period 18 AMOUNT DUE FROM JOINT VENTURES Economic Entity and The Bank 31/3/2017 31/12/2016 RM'000 RM'000 Advances to joint ventures 49,189 46,725 The advances to joint ventures are unsecured, bear profit rate of 7.60% (31 December 2016: 7.60%) and payable on demand. 19 AMOUNT DUE FROM ASSOCIATE Economic Entity and The Bank 31/3/2017 31/12/2016 RM'000 RM'000 Advances to associate 500 500 The advances to associate are unsecured, bear no profit rate and payable on demand. 20