Bank Islam Malaysia Berhad: Unaudited Interim Financial Statements - 31 March 2017

Transcription

1. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Statements of Financial Position as at 31 March 2017 Note Assets Cash and short-term funds Deposits and placements with banks and other financial institutions Financial assets held-fortrading Derivative financial assets Financial assets availablefor-sale Financial assets held-tomaturity Financing, advances and others Other assets Statutory deposits with Bank Negara Malaysia Current tax assets Deferred tax assets Investments in subsidiaries Property and equipment Total assets Liabilities and equity Deposits from customers Investment accounts of customers Deposits and placements of banks and other financial institutions Derivative financial liabilities Bills and acceptance payable Subordinated Sukuk Murabahah Other liabilities Zakat and taxation Total liabilities Group 31.03.2017 31.12.2016 RM’000 RM’000 Bank 31.03.2017 31.12.2016 RM’000 RM’000 9 1,515,601 3,963,417 1,515,068 3,963,268 10 - 100,000 - 100,000 11 12 386,267 73,463 574,835 124,572 381,139 73,463 569,750 124,572 13 10,229,482 9,957,286 10,229,939 9,957,743 14 56,857 57,703 56,857 57,703 15 16 39,756,401 65,196 39,189,274 99,015 39,756,401 62,370 39,189,274 95,928 1,215,056 1,837 42,885 182,685 53,525,730 1,374,876 1,779 48,378 185,562 55,676,697 1,215,056 1,737 42,885 15,525 181,735 53,532,175 1,374,876 1,737 48,378 15,525 184,547 55,683,301 17 43,558,887 45,940,414 43,576,051 45,949,715 18 3,933,714 3,812,261 3,933,714 3,812,261 19 - 30,000 - 30,000 12 77,649 111,089 77,649 111,089 181,791 46,278 181,791 46,278 714,071 479,271 43,938 48,989,321 704,393 601,750 45,046 51,291,231 714,071 468,454 43,900 48,995,630 704,393 598,591 45,019 51,297,346 20 21 1
2. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Statements of Financial Position as at 31 March 2017 (continued) Note Equity Share capital Reserves Total equity Total liabilities and equity Restricted investment accounts managed by the Bank 18 Total Islamic banking asset owned and managed by the Bank Commitments and Contingencies 32 Group 31.03.2017 31.12.2016 RM’000 RM’000 Bank 31.03.2017 31.12.2016 RM’000 RM’000 2,404,384 2,132,025 4,536,409 2,404,384 1,981,082 4,385,466 2,404,384 2,132,161 4,536,545 2,404,384 1,981,571 4,385,955 53,525,730 55,676,697 53,532,175 55,683,301 145,289 141,343 145,289 141,343 53,671,019 55,818,040 53,677,464 55,824,644 14,446,178 13,704,559 14,446,178 13,704,559 The Unaudited Interim Financial Statements should be read in conjunction with the Audited Financial Statements of the Group and of the Bank for the financial year ended 31 December 2016. 2
3. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Statements of Profit or Loss and Other Comprehensive Income for the three months ended 31 March 2017 Note Income derived from investment of depositors’ funds Income derived from investment account funds Income derived from investment of shareholders’ funds Allowances for impairment on financing and advances Allowance for impairment on investments Direct expenses Group 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 Bank 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 22 565,757 591,361 565,757 591,361 23 54,702 11,484 54,702 11,484 24 102,293 111,813 99,674 108,991 25 (8,783) (34,611) (8,783) (34,611) (5,242) (310) (5,768) (5,242) (310) (5,768) 708,727 673,969 706,108 671,147 712 1,002 712 1,002 26 (273,039) (278,491) (273,097) (278,551) 27 (23,165) (2,230) (23,165) (2,230) 28 29 413,235 (121,564) (89,940) 394,250 (123,592) (85,670) 410,558 (119,985) (89,228) 391,368 (121,819) (84,371) (9,678) (9,893) (9,678) (9,893) Profit before zakat and tax 192,053 175,095 191,667 175,285 Zakat Tax expense (2,384) (53,354) (2,260) (45,341) (2,376) (53,342) (2,250) (45,355) Profit for the period 136,315 127,494 135,949 127,680 Total distributable income Wakalah fees from restricted investment accounts Income attributable to depositors Income attributable to investment account holders Total net income Personnel expenses Other overhead expenses Finance cost on Subordinated Sukuk Murabahah 3
4. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Statements of Profit or Loss and Other Comprehensive Income for the three months ended 31 March 2017 (continued) Note Profit for the period Group 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 Bank 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 136,315 127,494 135,949 127,680 6,733 40,998 6,746 41,068 11,354 87,702 11,354 87,702 Other comprehensive income, net of tax: Items that are or may be reclassified subsequently to profit or loss Currency translation differences in respect of foreign operations Fair value reserve Net change in fair value Net amount transferred to profit or loss Income tax expense relating to components of other comprehensive income (966) (13,095) (966) (13,095) (2,493) (17,906) (2,493) (17,906) Other comprehensive income for the period, net of tax 14,628 97,699 14,641 97,769 Total comprehensive income for the period 150,943 225,193 150,590 225,449 5.67 5.39 Earnings per share (sen) The Unaudited Interim Financial Statements should be read in conjunction with the Audited Financial Statements of the Group and of the Bank for the financial year ended 31 December 2016. 4
5. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Consolidated Statement of Changes in Equity for the three months ended 31 March 2017 Group At 1 January 2017 Attributable to equity holders of the Bank Non-distributable Distributable Share Share Other Retained capital premium reserves earnings RM’000 RM’000 RM’000 RM’000 Total equity RM’000 2,404,384 264,790 1,193,045 523,247 4,385,466 - - 6,733 11,354 (966) 136,315 - 136,315 6,733 11,354 (966) - - (2,493) 14,628 136,315 (2,493) 150,943 At 31 March 2017 2,404,384 264,790 1,207,673 659,562 4,536,409 At 1 January 2016 2,363,283 175,452 1,107,920 385,913 4,032,568 - - 40,998 87,702 (13,095) 127,494 - 127,494 40,998 87,702 (13,095) - - (17,906) 97,699 127,494 (17,906) 225,193 2,363,283 175,452 1,205,619 513,407 4,257,761 Profit for the period Currency translation difference in respect of foreign operations Fair value reserve – Net change in fair value – Net amount reclassified to profit or loss Income tax expense relating to components of other comprehensive income Total comprehensive income for the period Profit for the period Currency translation difference in respect of foreign operations Fair value reserve – Net change in fair value – Net amount reclassified to profit or loss Income tax expense relating to components of other comprehensive income Total comprehensive income for the period At 31 March 2016 The Unaudited Interim Financial Statements should be read in conjunction with the Audited Financial Statements of the Group and of the Bank for the financial year ended 31 December 2016. 5
6. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Statement of Changes in Equity for the three months ended 31 March 2017 Bank At 1 January 2017 Attributable to equity holders of the Bank Non-distributable Distributable Share Share Other Retained capital premium reserves earnings RM’000 RM’000 RM’000 RM’000 Total equity RM’000 2,404,384 264,790 1,192,822 523,959 4,385,955 - - 6,746 11,354 (966) 135,949 - 135,949 6,746 11,354 (966) - - (2,493) 14,641 135,949 (2,493) 150,590 At 31 March 2017 2,404,384 264,790 1,207,463 659,908 4,536,545 At 1 January 2016 2,363,283 175,452 1,107,738 386,580 4,033,053 - - 41,068 87,702 (13,095) 127,680 - 127,680 41,068 87,702 (13,095) - - (17,906) 97,769 127,680 (17,906) 225,449 2,363,283 175,452 1,205,507 514,260 4,258,502 Profit for the period Currency translation difference in respect of foreign operations Fair value reserve – Net change in fair value – Net amount reclassified to profit or loss Income tax expense relating to components of other comprehensive income Total comprehensive income for the period Profit for the period Currency translation difference in respect of foreign operations Fair value reserve – Net change in fair value – Net amount reclassified to profit or loss Income tax expense relating to components of other comprehensive income Total comprehensive income for the period At 31 March 2016 The Unaudited Interim Financial Statements should be read in conjunction with the Audited Financial Statements of the Group and of the Bank for the financial year ended 31 December 2016. 6
7. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Condensed Statements of Cash Flow for the three months ended 31 March 2017 Group 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 Profit before zakat and tax Adjustment for non-cash items Bank 3 months ended 31.03.2017 31.03.2016 RM’000 RM’000 192,053 50,418 175,095 69,920 191,667 50,394 175,285 69,903 242,471 245,015 242,061 245,188 Operating profit before working capital changes Changes in working capital: Net changes in operating assets Net changes in operating liabilities (379,314) (202,683) (379,528) (203,164) (2,293,317) (2,416,335) (2,293,112) (2,412,661) Net cash used in operations Zakat and tax paid (2,430,160) (41,020) (2,374,003) (41,731) (2,430,579) (41,000) (2,370,637) (41,709) (2,471,180) (2,415,734) (2,471,579) (2,412,346) (83,369) 598,144 (83,367) 598,235 (2,554,549) (1,817,590) (2,554,946) (1,814,111) 4,063,417 2,982,246 4,063,268 2,978,315 6,733 41,005 6,746 41,071 1,515,601 1,205,661 1,515,068 1,205,275 Net cash used in operating activities Net cash (used in)/generated from investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of the period Exchange difference on translation Cash and cash equivalents at end of the period The Unaudited Interim Financial Statements should be read in conjunction with the Audited Financial Statements of the Group and of the Bank for the financial year ended 31 December 2016. 7
8. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements Notes to the unaudited interim financial statements for the three months ended 31 March 2017 1. Basis of preparation The unaudited interim financial statements of the Group and of the Bank for the three months ended 31 March 2017 have been prepared in accordance with the applicable requirements of MFRS 134: Interim Financial Reporting in Malaysia issued by Malaysian Accounting Standards Board (“MASB”), Financial Reporting for Islamic Banking Institution policy issued by Bank Negara Malaysia (“BNM”), the provisions of the Companies Act 2016 and Shariah requirements. The Companies Act 2016 (“New Act”) was enacted to replace the Companies Act 1965. The New Act was passed on 4 April 2016 by the Dewan Rakyat and gazetted on 15 September 2016. On 26 January 2017, the Minister of Domestic Trade, Co-operatives and Consumerism announced that the date on which the New Act comes into operation, except section 241 and Division 8 of Part III of the New Act, will be 31 January 2017. The unaudited interim financial statements have been prepared under the historical cost convention except for derivative financial instruments, financial assets held-for-trading and financial assets available-for-sale, which have been measured at fair value. The unaudited interim financial statements do not include all of the information required for full annual financial statements, and should be read in conjunction with the audited financial statements of the Group and of the Bank for the financial year ended 31 December 2016. The explanatory notes attached to the unaudited interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Bank since the financial year ended 31 December 2016. The significant accounting policies and methods of computation applied in the unaudited interim financial statements are consistent with those adopted in the recent audited financial statements for the financial year ended 31 December 2016, except for the adoption of the following Malaysian Financial Reporting Standards (“MFRS”) and amendments to MFRSs:    Amendments to MFRS 12, Disclosure of Interests in Other Entities (Annual Improvements to MFRS Standards 2014-2016 Cycle) 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 following MFRSs and IC Interpretations have been issued by the MASB and are not yet effective for the Group and the Bank: MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2018  MFRS 9, Financial Instruments (2014)  MFRS 15, Revenue from Contracts with Customers  Clarifications to MFRS 15, Revenue from Contracts with Customers  IC Interpretation 22, Foreign Currency Transactions and Advance Consideration  Amendments to MFRS 1, First-time Adoption of Malaysian Financial Reporting Standards (Annual Improvements to MFRS Standards 2014-2016 Cycle)  Amendments to MFRS 2, Share-based Payment – Classification and Measurement of Sharebased Payment Transactions 8
9. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 1. Basis of preparation (continued) MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2018 (continued)  Amendments to MFRS 4, Insurance Contracts – Applying MFRS 9 Financial Instruments with MFRS 4 Insurance Contracts  Amendments to MFRS 128, Investments in Associates and Joint Ventures (Annual Improvements to MFRS Standards 2014-2016 Cycle)  Amendments to MFRS 140, Investment Property – Transfers of Investment Property MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2019  MFRS 16, Leases MFRSs, Interpretations and amendments effective for a date yet to be confirmed  Amendments to MFRS 10, Consolidated Financial Statements and MFRS 128, Investments in Associates and Joint Ventures – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The Group and the Bank plan to apply the abovementioned standards, amendments and interpretations:   from the annual period beginning on 1 January amendments or interpretations that are effective for January 2018. from the annual period beginning on 1 January amendments or interpretations that are effective for January 2019. 2018 for those accounting standards, annual periods beginning on or after 1 2019 for those accounting standards, annual periods beginning on or after 1 The initial application of the accounting standards, amendments and interpretations are not expected to have any material financial impacts to the current period and prior period financial statements of the Group and the Bank except as mentioned in the subsequent paragraphs: MFRS 15, Revenue from Contracts with Customers MFRS 15 replaces the guidance in MFRS 111, Construction Contracts, MFRS 118, Revenue, IC Interpretation 13, Customer Loyalty Programmes, IC Interpretation 15, Agreements for Construction of Real Estate, IC Interpretation 18, Transfers of Assets from Customers and IC Interpretation 131, Revenue - Barter Transactions Involving Advertising Services. MFRS 15 establishes principles that an entity shall apply to report useful information about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with customers. The core principle of MFRS 15 is that an entity recognises revenue in a manner which reflects the consideration an entity expects to be entitled in exchange for goods or services. The adoption of MFRS 15 is not expected to have any material impact on the financial statements of the Group and of the Bank. MFRS 9, Financial Instruments MFRS 9 replaces the guidance in MFRS 139, Financial Instruments: Recognition and Measurement on the classification and measurement of financial assets and financial liabilities, and on hedge accounting. 9
10. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 1. Basis of preparation (continued) MFRS 9, Financial Instruments (continued) The standard introduces new requirements for classification and measurement of financial instruments, impairment of financial assets and hedge accounting. The approach for classification of financial assets is driven by cash flow characteristics and the business model in which an asset is held with two measurement categories – amortised cost and fair value. For impairment, MFRS 9 introduces an expected-loss impairment model which will require more timely recognition of expected credit losses to reflect changes of credit risk of financial instruments. The preparation for MFRS 9 by the Group and the Bank had started in 2016 with the setting up of a MFRS 9 Project Steering Committee headed by the Chief Financial Officer of the Bank, and with assistance from internal working group and consultants. During the financial year ended 31 December 2016, the Group and the Bank have completed the gap assessment and commenced the development of MFRS 9 compliant impairment models for all impacted credit exposures. Overall, the Group and the Bank anticipate changes to the financial statements in the areas of classification and measurement for financial assets and impairment. The classification and measurement requirements will affect the presentation and disclosures within the Group and the Bank's financial statements whilst the impairment requirements are expected to result in a higher allowance for impairment losses. The Group and the Bank are currently performing a detailed assessment to determine the extent of the impact arising from this standard. MFRS 16, Leases MFRS 16 replaces the guidance in MFRS 117, Leases, IC Interpretation 4, Determining whether an Arrangement contains a Lease, IC Interpretation 115, Operating Leases – Incentives and IC Interpretation 127, Evaluating the Substance of Transactions Involving the Legal Form of a Lease. MFRS 16 introduces a single accounting model for a lessee and eliminates the distinction between finance lease and operating lease. Lessee is now required to recognise assets and liabilities for all leases. However, a lessee may elect not to apply the requirements for short-term leases which are for the term 12 months or less and leases for which the underlying asset is of low value. For such leases, lessees may elect to expense off the lease payments on a straight line basis over the lease term or using other systematic method. Upon adoption of MFRS 16, the Group and the Bank are required to account for major part of their operating leases in the balance sheet by recognising the 'right-of-use' asset and the lease liability, thus increasing the assets and liabilities of the Group and of the Bank. The Group and the Bank are currently assessing the financial impact arising from the adoption of this standard. 2. Auditors’ reports on preceding financial period financial statements The auditors’ report on the audited financial statements for the financial year ended 31 December 2016 was not qualified. 3. Seasonal or cyclical factors The operations of the Bank were not materially affected by any seasonal or cyclical factors in the three months ended 31 March 2017. 4. Unusual items There were no unusual items in the three months ended 31 March 2017. 10
11. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 5. Changes in accounting estimates There was no material change in estimates of amounts reported in the prior financial year that has a material effect to the financial statements for the three months ended 31 March 2017. 6. Sukuk and equity securities There was no issuance or repayment of Sukuk and equity securities or share buy-back during the three months ended 31 March 2017. 7. Significant events during the three months ended 31 March 2017 There was no significant event during the three months ended 31 March 2017. 8. Dividends There was no dividend payment during the three months ended 31 March 2017. 9. Cash and short-term funds Group 31.03.2017 31.12.2016 RM’000 RM’000 Cash and balances with banks and other financial institutions Money at call and interbank placements with remaining maturity not exceeding one month 10. Bank 31.03.2017 31.12.2016 RM’000 RM’000 835,142 932,674 834,609 932,525 680,459 3,030,743 680,459 3,030,743 1,515,601 3,963,417 1,515,068 3,963,268 Deposits and placements with banks and other financial institutions Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Licensed Islamic banks - 11 100,000
12. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 11. Financial assets held-for-trading Group 31.03.2017 31.12.2016 RM’000 RM’000 At fair value Malaysian Government Investment Issues Sukuk Unit trust 12. 324,500 245,250 5,085 574,835 145,891 235,248 5,128 386,267 Bank 31.03.2017 31.12.2016 RM’000 RM’000 145,891 235,248 381,139 324,500 245,250 569,750 Derivative financial assets/liabilities The following tables summarise the contractual or underlying principal amounts of derivative financial instruments held at fair value through profit or loss and held for hedging purposes. The principal or contractual amounts of these instruments reflect the volume of transactions outstanding at financial position date, and do not represent amounts at risk. Trading derivative financial instruments are revalued on a gross position and the unrealised gains or losses are reflected as derivative financial assets and liabilities respectively. 31.03.2017 Fair value Assets Liabilities RM’000 RM’000 Group and Bank Principal amount RM’000 Forward contracts Profit rate swaps 3,562,509 829,162 66,433 7,030 (74,191) (3,458) 4,391,671 73,463 (77,649) Principal amount RM’000 Forward contracts Profit rate swaps 12 31.12.2016 Fair value Assets Liabilities RM’000 RM’000 3,117,570 836,027 117,445 7,127 (107,469) (3,620) 3,953,597 124,572 (111,089)
13. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 13. Financial assets available-for-sale Group 31.03.2017 31.12.2016 RM’000 RM’000 At fair value Malaysian Government Investment Issues ^ Negotiable Islamic Debt Certificates Sukuk Bank 31.03.2017 31.12.2016 RM’000 RM’000 2,100,113 2,057,324 2,100,113 2,057,324 8,102,125 10,202,238 496,681 7,367,563 9,921,568 8,102,582 10,202,695 496,681 7,368,020 9,922,025 At fair value Quoted shares - outside Malaysia Quoted unit trust - in Malaysia 18,390 21,124 18,390 21,124 3,554 21,944 9,294 30,418 3,554 21,944 9,294 30,418 At cost Unquoted shares in Malaysia Less: Accumulated impairment loss * 25,185 25,468 25,185 25,468 (19,904) 5,281 (20,187) 5,281 (19,904) 5,281 (20,187) 5,281 329 (310) 19 329 (310) 19 329 (310) 19 329 (310) 19 10,229,482 9,957,286 10,229,939 9,957,743 At cost Unquoted shares outside Malaysia Less: Impairment loss ^ Included in Malaysian Government Investment Issues as at 31 March 2017 is RM133,379,000 (2016: RM Nil) that form part of the Bank’s total Statutory Reserve Requirement (“SRR”) balances other than statutory deposits with Bank Negara Malaysia. * Movement in accumulated impairment loss is due to translation difference. 14. Financial assets held-to-maturity Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 At amortised cost Unquoted securities in Malaysia: Sukuk Less: Accumulated impairment loss 13 63,744 (6,887) 64,590 (6,887) 56,857 57,703
14. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (a) By type and Shariah contract Group & Bank 31 March 2017 At amortised cost Cash line Term financing House financing ^ Syndicated financing Leasing financing Bridging financing Personal financing ^ Other term financing Staff financing Credit cards Trade bills discounted Trust receipts Pawn broking Investment Account Platform * Bai’ Bithaman Ajil Murabahah RM’000 RM’000 Bai Al-Dayn RM’000 Bai Al-Inah RM’000 AtTawarruq RM’000 Ijarah Muntahiah Bit-Tamleek RM’000 Ijarah Thumma Al-Bai RM’000 Istisna’ RM’000 Ar-Rahnu RM’000 Total RM’000 - - - 33,386 991,709 - - - - 1,025,095 4,385,985 1,943,274 79,688 - 991,981 6,020 689,949 2,033 - 195,210 - 47,485 34,692 3,924 8,419 - 10,137,604 1,024,651 11,418,055 7,435,526 105,058 436,596 - 87,405 - 125,059 695 - 58,166 79,843 1,485 13,824 - 85,636 14,581,755 1,197,195 88,100 79,843 11,452,747 10,376,190 204,590 445,015 885,159 2,033 85,636 - - - - 5,471 - - - - 5,471 6,408,947 1,689,983 195,210 127,906 31,554,670 87,405 125,754 153,318 85,636 40,428,829 Allowance for impaired financing, advances and others - collective assessment allowance - individual assessment allowance (548,653) (123,775) Net financing, advances and others 39,756,401 14
15. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (continued) (a) By type and Shariah contract (continued) Group & Bank 31 December 2016 At amortised cost Cash line Term financing House financing ^ Syndicated financing Leasing financing Bridging financing Personal financing ^ Other term financing Staff financing Credit cards Trade bills discounted Trust receipts Pawn broking Investment Account Platform * Bai’ Bithaman Ajil Murabahah RM’000 RM’000 Bai Al-Dayn RM’000 Bai Al-Inah RM’000 AtTawarruq RM’000 Ijarah Muntahiah Bit-Tamleek RM’000 Ijarah Thumma Al-Bai RM’000 Istisna’ RM’000 Ar-Rahnu RM’000 Total RM’000 - - - 37,899 1,199,021 - - - - 1,236,920 4,484,247 2,086,188 83,743 - 933,316 5,087 741,037 5,169 - 180,010 - 196,129 42,177 4,063 9,004 - 9,503,014 1,045,889 11,197,744 7,106,669 98,821 450,388 - 90,610 - 123,189 902 - 59,088 82,313 1,503 14,218 - 85,315 14,046,349 1,365,207 91,512 82,313 11,239,921 10,131,739 201,869 459,392 921,047 5,169 85,315 - - - - 5,690 - - - - 5,690 6,654,178 1,684,609 180,010 289,272 30,607,236 90,610 124,091 157,122 85,315 39,872,443 Allowance for impaired financing, advances and others - collective assessment allowance - individual assessment allowance (554,971) (128,198) Net financing, advances and others 39,189,274 15
16. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (continued) (a) By type of and Shariah contract (continued) ^ Included in house financing and personal financing as at 31 March 2017 are underlying assets under the Unrestricted Investment Accounts (“URIA”) amounting to RM2,798,118,000 (2016: RM2,687,318,000) and RM1,135,596,000 (2016: RM1,124,943,000) respectively as disclosed in Note 18 of these financial statements. * This represents a term financing of the Group’s and the Bank’s participation through Investment Account Platform (“IAP”) to finance viable ventures. (b) By type of customer Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Domestic non-bank financial institutions Domestic business enterprise Small & medium industries Government and statutory bodies Individuals Other domestic entities Foreign entities 1,186,098 6,881,289 932,138 1,033,859 29,622,764 7,224 765,457 1,376,559 6,908,806 896,530 938,069 28,957,975 7,239 787,265 40,428,829 39,872,443 (c) By profit rate sensitivity Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Fixed rate House financing Others Floating rate House financing Others 1,234,025 3,893,391 1,268,632 4,059,422 13,948,675 21,352,738 13,382,969 21,161,420 40,428,829 39,872,443 (d) By remaining contractual maturity Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Maturity within one year More than one year to three years More than three years to five years More than five years 16 4,632,703 1,496,765 3,000,226 31,299,135 4,312,581 1,400,480 2,197,573 31,961,809 40,428,829 39,872,443
17. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (continued) (e) By geographical distribution Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Central Region Eastern Region Northern Region Southern Region East Malaysia Region 19,083,079 6,699,024 5,775,612 5,700,385 3,170,729 18,853,925 6,534,376 5,864,200 5,499,121 3,120,821 40,428,829 39,872,443 (f) By sector Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Primary agriculture Mining and quarrying Manufacturing (including agro-based) Electricity, gas and water Wholesale & retail trade, and hotels & restaurants Construction Real estate Transport, storage and communications Finance, insurance and business activities Education, health and others Household sectors 17 370,422 11,930 774,503 877,050 1,192,098 2,029,892 1,316,092 901,734 1,948,040 1,371,276 29,635,792 377,285 12,931 747,410 868,319 1,274,954 2,161,215 1,205,740 870,559 2,134,947 1,256,209 28,962,874 40,428,829 39,872,443
18. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (continued) (g) Movement in impaired financing and advances (“impaired financing”) are as follows: Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 At 1 January 2017/ 2016 389,445 381,270 Classified as impaired during the period/year Reclassified as not impaired during the period/year Amount recovered Amount written off Exchange differences 130,601 (77,091) (23,129) (36,180) (967) 580,341 (284,602) (112,502) (178,052) 2,990 At 31 March 2017/ 31 December 2016 382,679 389,445 0.95% 0.98% Gross impaired financing as a percentage of gross financing, advances and others (h) Impaired financing by geographical distribution Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Central Region Eastern Region Northern Region Southern Region East Malaysia Region 141,482 92,497 33,493 28,656 86,551 142,841 92,848 36,299 31,329 86,128 382,679 389,445 (i) Impaired financing by sector Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Primary agriculture Manufacturing (including agro-based) Wholesale & retail trade, and hotels & restaurants Construction Real estate Transport, storage and communications Finance, insurance and business activities Education, health and others Household sectors 18 1,329 38,126 26,056 13,271 1,490 13,840 70,552 4,648 213,367 1,311 36,739 25,651 13,714 15,579 70,948 3,076 222,427 382,679 389,445
19. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 15. Financing, advances and others (continued) (j) Movement of allowance for impaired financing Group and Bank 31.03.2017 31.12.2016 RM’000 RM’000 Collective assessment allowance At 1 January 2017/ 2016 554,971 541,065 Allowance made during the period/year Amount written off Exchange differences 29,946 (36,180) (84) 161,667 (146,725) (1,036) At 31 March 2017/ 31 December 2016 548,653 554,971 128,198 124,471 Allowance made during the period/year Amount recovered Amount written off Exchange differences 3,586 (7,041) (968) 54,566 (23,904) (29,928) 2,993 At 31 March 2017/ 31 December 2016 123,775 128,198 Individual assessment allowance At 1 January 2017/ 2016 16. Other assets Group 31.03.2017 31.12.2016 RM’000 RM’000 Other receivables Less: Impairment loss Deposit and prepayments Related companies* Bank 31.03.2017 31.12.2016 RM’000 RM’000 23,990 (256) 23,734 39,299 2,163 65,825 (256) 65,569 32,741 705 22,340 (256) 22,084 38,021 2,265 63,968 (256) 63,712 31,441 775 65,196 99,015 62,370 95,928 * This relates to amounts due from holding and related companies that are non-trade in nature, not subject to financing charges and has no fixed term of repayments. 19
20. Bank Islam Malaysia Berhad (98127-X) (Incorporated in Malaysia) Unaudited Interim Financial Statements 17. Deposits from customers a) By type and Shariah contract Group 31.03.2017 31.12.2016 RM’000 RM’000 Bank 31.03.2017 31.12.2016 RM’000 RM’000 Saving Deposit Wadiah 4,398,078 4,131,604 4,398,078 4,131,604 Demand Deposit Wadiah 9,407,192 10,001,972 9,418,053 10,004,601 29,648,824 31,700,310 29,655,127 31,706,982 27,711 27,711 27,711 27,711 378,622 394,639 378,622 394,639 25,157,011 28,208,548 25,163,314 28,215,220 4,085,480 3,069,412 4,085,480 3,069,412 104,793 106,528 104,793 106,528 43,558,887 45,940,414 43,576,051 45,949,715 Term Deposit Special Investment Deposit Mudharabah General Investment Deposit Mudharabah Term Deposit Tawarruq Negotiable Islamic Debt Certificates (NIDC) Others Total Deposits b) Maturity structure of term deposits are as follows: Group 31.03.2017 31.12.2016 Due within six months More than six months to one year More than one year to three years More than three years to five years Bank 31.03.2017 31.12.2016 RM’000 RM’000 RM’000 RM’000 21,603,939 26,475,051 21,609,526 26,481,013 7,499,238 4,166,465 7,499,238 4,166,465 506,329 690,590 507,045 691,300 39,318 368,204 39,318 368,204 29,648,824 31,700,310 29,655,127 31,706,982 20