Bank Rakyat: Consolidated Interim Financial Statements - 1Q 2017

Transcription

1. CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2017
2. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2017 Note Group 31 March 31 December 2017 2016 RM '000 RM'000 31 March 2017 RM'000 Bank 31 December 2016 RM'000 1,408,550 786,964 1,408,550 785,223 1,502,448 17,986,312 11,539,161 68,659,106 7,188 446,135 5,277 763,620 13,185 851,409 63,379 116,525 10,098 1,808,269 15,035,407 11,355,466 67,806,707 5,644 638,196 4,927 709,393 13,185 850,983 63,760 130,200 10,098 1,502,160 17,985,759 11,539,161 68,659,106 412,818 65,976 722,786 688,221 63,379 114,379 10,000 1,807,144 15,034,854 11,355,466 67,806,707 598,112 65,976 668,419 688,221 63,760 127,712 10,000 103,372,393 99,219,199 103,172,295 99,011,594 ASSETS Cash and bank balances Deposits and placements with financial institutions Financial assets available-for-sale Financial assets held-to-maturity Financing and advances Trade receivables Other assets Inventories Investment in subsidiaries Property and equipment Goodwill on consolidation Investment properties Prepaid lease payment Tax recoverable Deferred tax assets TOTAL ASSETS 1 2 3 4 These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 1
3. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2017 (CONTINUED) Note Group 31 March 31 December 2017 2016 RM'000 RM'000 31 March 2017 RM'000 Bank 31 December 2016 RM'000 LIABILITIES Deposits from customers Deposits and placements from banks and financial institutions Trade payables Recourse obligations on financing sold to Cagamas Debt securities issued Other liabilities Provision for taxation Deferred tax liabilities Financing from other financial institutions 5 6 TOTAL LIABILITIES 82,638,771 77,903,322 82,638,771 77,903,322 3,138 900,000 4,288 - 900,000 - 1,041,489 2,250,902 1,541,050 417 476 1,062,787 2,818,612 1,295,738 176 476 1,041,489 2,250,902 1,717,534 - 1,062,787 2,818,612 1,455,811 - 7,434 1,021 - - 87,483,677 83,986,420 87,648,696 84,140,532 2,986,030 46,364 12,856,322 2,986,030 52,070 12,194,679 2,986,030 46,364 12,491,205 2,986,030 52,070 11,832,962 15,888,716 15,232,779 15,523,599 14,871,062 103,372,393 99,219,199 103,172,295 99,011,594 2,703,577 2,400,611 2,703,577 2,400,611 SHAREHOLDERS' FUND Share capital Share redemption fund Reserves 7 TOTAL SHAREHOLDERS' FUND TOTAL LIABILITIES AND SHAREHOLDERS' FUND COMMITMENT AND CONTINGENCIES 13 These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 2
4. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER AND THREE MONTHS ENDED 31 MARCH 2017 Group Note Income 8 Expenditure 9 Net income 1st Quarter Ended 31 March 31 March 2017 2016 RM '000 RM'000 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 1,565,624 1,565,624 1,466,045 1,466,045 (802,579) (799,623) (802,579) (799,623) 763,045 666,422 763,045 666,422 Allowance for impairment 10 (33,417) (92,457) (33,417) (92,457) Other operating income 11 127,359 156,504 127,359 156,504 Operating expenses 12 (266,552) (278,663) (266,552) (278,663) Profit before taxation and zakat 590,435 451,806 590,435 451,806 Taxation (21,563) (27,287) (21,563) (27,287) (7,898) (10,661) (7,898) (10,661) Zakat Profit after taxation and zakat 560,974 413,858 560,974 413,858 Items that may be reclassified subsequently to profit or loss: Net gain on revaluation of financial assets available-for-sale 100,669 132,411 100,669 132,411 Other comprehensive income for the period 100,669 132,411 100,669 132,411 Total comprehensive income for the period 661,643 546,269 661,643 546,269 Other comprehensive income These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 3
5. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER AND THREE MONTHS ENDED 31 MARCH 2017 (CONTINUED) Bank Note Income 8 Expenditure 9 Net income 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 1,535,126 1,535,126 1,453,901 1,453,901 (776,869) (790,964) (776,869) (790,964) 758,257 662,937 758,257 662,937 Allowance for impairment 10 (33,417) (92,457) (33,417) (92,457) Other operating income 11 127,156 156,497 127,156 156,497 Operating expenses 12 (266,656) (281,541) (266,656) (281,541) Profit before taxation and zakat 585,340 445,436 585,340 445,436 Taxation (20,000) (25,857) (20,000) (25,857) (7,766) (10,500) (7,766) (10,500) Zakat Profit after taxation and zakat 557,574 409,079 557,574 409,079 Items that may be reclassified subsequently to profit or loss: Net gain on revaluation of financial assets available-for-sale 100,669 132,411 100,669 132,411 Other comprehensive income for the period 100,669 132,411 100,669 132,411 Total comprehensive income for the period 658,243 541,490 658,243 541,490 Other comprehensive income These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 4
6. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 MARCH 2017 Non-distributable Distributable Share capital RM '000 Share redemption fund RM'000 Other reserves RM'000 Retained profits RM'000 Total RM'000 2,983,923 53,671 4,952,386 6,031,307 14,021,287 - - 132,411 413,858 546,269 Issuance to new members 773 - - - 773 Transfer to share capital 230 - - - Group At 1 January 2016 Total comprehensive income for the period (230) Dividends - - - Overprovision in contribution to Bank Rakyat Foundation - - - 142 142 At 31 March 2016 2,984,926 53,441 5,084,797 6,060,556 14,183,720 At 1 January 2017 2,986,030 52,070 5,468,605 6,726,074 15,232,779 - - 100,669 560,974 661,643 Issuance to new members 6,184 - - - 6,184 Transfer to other liabilities (11,890) - - - (11,890) - - - 5,569,274 7,287,048 15,888,716 Total comprehensive income for the period Transfer to share capital At 31 March 2017 5,706 (5,706) 2,986,030 46,364 (384,751) These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 5 (384,751)
7. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 MARCH 2017 (CONTINUED) Non-distributable Distributable Share capital RM'000 Share redemption fund RM'000 Other reserves RM'000 Retained profits RM'000 Total RM'000 2,983,923 53,671 4,953,127 5,699,785 13,690,506 - - 132,411 409,079 541,490 Issuance to new members 773 - - - 773 Transfer to share capital 230 - - - Bank At 1 January 2016 Total comprehensive income for the period (230) Dividends - - - Overprovision in contribution to Bank Rakyat Foundation - - - 142 142 At 31 March 2016 2,984,926 53,441 5,085,538 5,724,255 13,848,160 At 1 January 2017 2,986,030 52,070 5,469,346 6,363,616 14,871,062 - - 100,669 557,574 658,243 Issuance to new members 6,184 - - - 6,184 Transfer to other liabilities (11,890) - - - (11,890) - - - 5,570,015 6,921,190 15,523,599 Total comprehensive income for the period Transfer to share capital At 31 March 2017 5,706 (5,706) 2,986,030 46,364 (384,751) These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 6 (384,751)
8. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED 31 MARCH 2017 Group Three Months Ended 31 March 31 March 2017 2016 RM '000 RM'000 Bank Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES Profit for the period 560,974 413,858 557,574 409,079 21,563 7,898 29,003 27,287 10,661 29,529 20,000 7,766 29,003 25,857 10,500 29,529 33,417 23,685 381 (61) 4,445 38 92,457 20,815 255 287 5,050 5,026 11 33,417 22,504 381 4,445 6 92,457 20,590 255 287 5,050 5,026 11 (32) - Adjustments for: Taxation Zakat Profit expense on debt securities issued Allowance for impairment on financing and advances Depreciation of property and equipment Amortisation of prepaid lease payment Property and equipment written off Gain on disposal of property and equipment Loss on financing written off Provision for defined benefit plan Allowance for doubtful debts Allowance for doubtful debts no longer required Net gain on disposal of financial assets available-for-sale Net gain on disposal of financial assets held-for-trading Profit expense on financing sold with recourse to Cagamas Dividend from financial assets available-for-sale Operating profit before working capital changes (1) - (7,879) (4,751) (7,879) (4,751) (283) (346) (283) (346) 12,083 15,559 12,083 15,559 (3,213) (1,732) (3,213) (1,732) 682,019 613,966 675,803 607,371 These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 7
9. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED 31 MARCH 2017 (CONTINUED) Group Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Bank Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 (Increase)/Decrease in assets: Deposits and placements with financial institutions Financing and advances Trade receivables Other assets Inventories 305,821 (890,261) (1,544) 192,055 (350) (337,605) (1,099,692) (1,571) 21,295 67 304,984 (890,261) 185,289 - (357,429) (1,099,692) 24,829 - Increase/(Decrease) in liabilities: Deposits from customers Deposits and placements from banks and financial institutions Trade payables Recourse obligations on financing sold to Cagamas Other liabilities 4,735,449 Cash generated from operations 4,304,471 4,735,449 3,689,107 (900,000) (1,150) (1,490,000) 1,076 (900,000) - (1,490,000) - (33,381) 215,813 (54,533) (75,221) (33,381) 232,356 (54,533) (107,830) (7,647) (739) Income tax paid Zakat paid Net cash from operating activities 3,689,107 4,296,085 1,266,889 (18,884) (2,178) 1,245,827 4,310,239 (6,667) (739) 4,302,833 1,211,823 (17,238) (2,091) 1,192,494 These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 8
10. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements UNAUDITED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED 31 MARCH 2017 (CONTINUED) Group Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Bank Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Purchases of financial assets held-for-trading Proceeds from disposal of financial assets held-for-trading Purchases of financial assets available-for-sale Proceeds from disposal of financial assets available-for-sale Purchases of financial assets held-to-maturity Proceeds from disposal of financial assets held-to-maturity Purchases of property and equipment Proceeds from disposal of property and equipment Dividend from financial assets available-for-sale Net cash used in investing activities (260,000) (965,000) (260,000) (965,000) 260,283 965,346 260,283 965,346 (3,661,723) (2,642,246) (3,661,723) (2,642,246) 819,366 (385,000) 1,757,763 (360,000) 819,366 (385,000) 1,757,763 (360,000) 201,305 (90,470) 462,924 (74,101) 201,305 (90,258) 462,924 (19,598) 18,606 - 13,387 - 3,213 1,732 3,213 1,732 (3,094,420) (853,582) (3,099,427) (799,079) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES Proceeds from issue of shares to members Dividend paid Fund received from government Payment of profit expenses on debt securities issued 6,184 10,450 773 (384,751) - 6,184 10,450 773 (384,751) - (596,713) (21,955) (596,713) (21,955) Net cash used in financing activities (580,079) (405,933) (580,079) (405,933) Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of period 621,586 (13,688) 623,327 (12,518) 786,964 1,082,437 785,223 1,081,267 Cash and cash equivalents at end of period 1,408,550 1,068,749 1,408,550 1,068,749 These interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the year ended 31 December 2016 9
11. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD 134 (“MFRS 134”) Basis of Preparation The unaudited interim financial statements for the first quarter and three months ended 31 March 2017 have been prepared under historical cost convention except for the following assets and liabilities which are stated at fair values, i.e. financial assets held-for-trading, financial assets available-for-sale, and investment properties. The unaudited interim financial statements have been prepared in accordance with MFRS 134; Interim Financial Reporting issued by Malaysian Accounting Standards Board (”MASB”). The unaudited interim financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the financial year ended 31 December 2016. The explanatory notes attached to the 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 Group and the Bank since the year ended 31 December 2016. Auditors’ Report on Preceding Annual Financial Statements The auditors’ report on the audited financial statements for the financial year ended 31 December 2016 was not qualified. Comments on Seasonal or Cyclical Factors The operations of the Group and the Bank were not materially affected by any seasonal or cyclical factors in the first quarter and three months ended 31 March 2017. Unusual Items Due to Their Nature, Size or Incidence There were no unusual items affecting the assets, liabilities, shareholders’ fund, net income or cash flows of the Group and the Bank in the first quarter and three months ended 31 March 2017. Changes in Estimates There were no material changes in estimates of amounts reported in prior financial years that have a material effect in the first quarter and three months ended 31 March 2017. Debt and Equity Securities There were no new issuance of debt securities by the Bank during the period. 10
12. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 1 : FINANCIAL ASSETS AVAILABLE-FOR-SALE 31 March 2017 RM'000 Group 31 December 2016 RM'000 31 March 2017 RM'000 Bank 31 December 2016 RM'000 3,276,075 9,125,235 3,824,457 72,794 1,024,241 653,699 1,675 3,016,285 7,492,530 3,018,291 71,965 867,454 559,170 1,576 3,276,075 9,125,235 3,824,457 72,794 1,024,241 653,699 1,675 3,016,285 7,492,530 3,018,291 71,965 867,454 559,170 1,576 8,136 8,136 7,583 7,583 17,986,312 15,035,407 17,985,759 15,034,854 At fair value Islamic debt securities Government investment issues Government sukuk Khazanah sukuk Cagamas sukuk Quoted shares Unit trust shares At cost, net of impairment loss Unquoted shares Net carrying amount NOTE 2: FINANCIAL ASSETS HELD-TO-MATURITY Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 At amortised cost Islamic debt securities Government investment issues Government sukuk Khazanah sukuk Cagamas sukuk Negotiable Islamic debt certificates 760,549 7,766,196 2,200,077 514,933 321,011 - 759,283 7,772,769 1,857,907 510,015 279,840 199,258 11,562,766 11,379,072 Less: accumulated impairment losses Islamic debt securities Net carrying amount (23,605) (23,606) (23,605) (23,606) 11,539,161 11 11,355,466
13. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 3 : FINANCING AND ADVANCES (i) By type of financing Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 At amortised cost Term financing - Personal financing - House financing - Hire-purchase receivables - Syndicated financing - Bridging financing - Other term financing Pawn broking Revolving credit Credit card Staff financing 56,009,590 4,245,351 1,401,250 294,802 249,718 4,832,367 1,598,340 532,743 457,126 355,308 55,652,330 3,884,327 1,333,539 294,675 254,879 4,753,015 1,637,851 542,735 479,350 347,072 Gross financing and advances, net of unearned income 69,976,595 69,179,773 Allowance for impairment on financing and advances Individual assessment impairment Collective assessment impairment Net financing and advances (ii) (355,413) (962,076) (455,390) (917,676) (1,317,489) (1,373,066) 68,659,106 67,806,707 By type of customer Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Individuals Business enterprises Non-bank financial institutions: Co-operatives Others Foreign entities Other entities 12 65,279,361 2,795,399 64,463,394 2,777,397 1,791,550 42,023 1,353 66,909 1,829,530 43,135 1,431 64,886 69,976,595 69,179,773
14. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 3 : FINANCING AND ADVANCES (CONTINUED) (iii) By economic sector Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Purchase of securities Purchase of property Consumption credit Agriculture Manufacturing Electricity, gas and water Construction Wholesale and retail trade Transportation and communication Financial, takaful and business services Community, social and personal services (iv) 62,179 1,761,240 63,847,080 311,201 131,668 100,644 995,655 145,522 271,536 2,275,122 74,748 56,040 4,126,567 60,485,990 347,125 137,875 100,310 1,312,201 126,760 267,624 2,187,859 31,422 69,976,595 69,179,773 Impaired financing and advances by economic sector Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Purchase of securities Purchase of property Consumption credit Agriculture Manufacturing Construction Wholesale and retail trade Financial, takaful and business services Community, social and personal services 13 119 129,666 483,228 130,803 15,268 449,344 195 184,520 436 7 61,916 357,492 133,853 17,261 659,457 148,640 - 1,393,579 1,378,626
15. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 3 : FINANCING AND ADVANCES (CONTINUED) (v) Movement in impaired financing and advances Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 1,378,626 As of 1 January Classified as impaired during the period Amount written-back in respect of recoveries Amount written-off during the period Closing balance Gross impaired financing and advances as a percentage of gross financing and advances (vi) 1,217,885 266,531 (165,230) (86,348) 1,531,032 (901,461) (468,830) 14,953 160,741 1,393,579 1,378,626 1.99% 1.99% Movement in allowance for individual assessment impairment on financing and advances Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Individual assessment impairment As of 1 January Allowance made during the period Amount written back in respect of recoveries Amount written off during the period Closing balance 14 455,390 316,652 48,739 (131,745) (83,006) (16,971) 280,592 (141,854) 138,738 - (99,977) 138,738 355,413 455,390
16. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 3 : FINANCING AND ADVANCES (CONTINUED) (vii) Movement in allowance for collective assessment impairment on financing and advances Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Collective assessment impairment As of 1 January Allowance made during the period Amount written back in respect of recoveries Amount written off during the period Closing balance 917,676 1,009,815 403,240 (289,325) 113,915 (69,515) 1,493,268 (1,118,286) 374,982 (467,121) 44,400 (92,139) 962,076 917,676 31 March 2017 RM'000 Bank 31 December 2016 RM'000 NOTE 4: OTHER ASSETS 31 March 2017 RM'000 Amount due from subsidiaries Other receivables Allowance for doubtful debts Refundable deposits Prepayments Contribution to Central Liquidity Monetary Fund Group 31 December 2016 RM'000 170,124 (16,109) 47,274 44,846 344,261 (16,109) 78,937 31,107 13,489 163,310 (15,998) 10,456 41,561 11,641 331,217 (15,998) 42,879 28,373 200,000 200,000 200,000 200,000 446,135 638,196 412,818 598,112 15
17. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 5 : DEPOSITS FROM CUSTOMERS (i) By type of deposit Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Savings deposits Wadiah Term deposits Tawarruq General investment deposits Mudarabah Negotiable Islamic debt certificate (ii) 4,178,007 4,124,178 70,532,847 64,901,919 17 25 7,927,900 8,877,200 82,638,771 77,903,322 By type of customer Group and Bank 31 March 31 December 2017 2016 RM'000 RM'000 Government Business enterprises Co-operatives Individuals Others 16 36,106,683 30,510,109 1,405,028 12,468,868 2,148,083 36,391,751 25,265,336 1,191,572 12,032,141 3,022,522 82,638,771 77,903,322
18. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 6 : OTHER LIABILITIES Amount due to subsidiaries Sundry creditors Income payable Other liabilities and accruals Government fund Zakat payable 31 March 2017 RM'000 Group 31 December 2016 RM'000 31 March 2017 RM'000 Bank 31 December 2016 RM'000 173,303 586,327 535,007 195,568 50,845 192,953 565,118 308,937 185,273 43,457 191,785 145,553 586,327 550,295 195,568 48,006 184,738 167,371 565,118 312,332 185,273 40,979 1,541,050 1,295,738 1,717,534 1,455,811 Group 31 December 2016 RM'000 31 March 2017 RM'000 Bank 31 December 2016 RM'000 6,921,190 5,152,812 15,358 72,173 329,672 6,363,616 5,152,812 15,358 (28,496) 329,672 NOTE 7: RESERVES 31 March 2017 RM'000 Retained profits Statutory reserve Capital reserve Fair value reserve Regulatory reserve 7,287,048 5,152,812 14,617 72,173 329,672 12,856,322 17 6,726,074 5,152,812 14,617 (28,496) 329,672 12,194,679 12,491,205 11,832,962
19. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 8 : INCOME 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Income derived from investment of depositors' fund (i) 1,222,548 1,155,772 1,222,548 1,155,772 Income derived from investment of shareholders' fund (ii) 312,578 298,129 312,578 298,129 30,498 12,144 30,498 12,144 1,565,624 1,466,045 1,565,624 1,466,045 Group Income generated by subsidiary companies (iii) 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Income derived from investment of depositors' fund (i) 1,222,548 1,155,772 1,222,548 1,155,772 Income derived from investment of shareholders' fund (ii) 312,578 298,129 312,578 298,129 1,535,126 1,453,901 1,535,126 1,453,901 Bank (i) Income derived from investment of depositors' fund Group and Bank 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Income from financing and advances 1,003,584 950,210 1,003,584 950,210 10,969 24,263 10,969 24,263 207,995 181,299 207,995 181,299 1,222,548 1,155,772 1,222,548 1,155,772 Income from deposits and placements with bank and financial institutions Income from financial assets 18
20. Bank Kerjasama Rakyat Malaysia Berhad Interim Financial Statements NOTE 8 : INCOME (CONTINUED) (ii) Income derived from investment of shareholders' fund Group and Bank Income from financing and advances 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 256,593 245,105 256,593 245,105 2,805 6,258 2,805 6,258 53,180 46,766 53,180 46,766 312,578 298,129 312,578 298,129 Income from deposits and placements with bank and financial institutions Income from financial assets (iii) Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 Income generated by subsidiary companies Group Agency income Pawning income Rental income Management fee Sale of goods Other charges 1st Quarter Ended 31 March 31 March 2017 2016 RM'000 RM'000 16,956 6,681 2,770 3,364 697 30 30,498 19 1,440 6,660 49 3,995 (16) 16 12,144 Three Months Ended 31 March 31 March 2017 2016 RM'000 RM'000 16,956 6,681 2,770 3,364 697 30 30,498 1,440 6,660 49 3,995 (16) 16 12,144