Financial Statement 2014
Financial Statement 2014
All information detailed in this Annual Report is correct at the time of printing.
Maklumat yang terkandung di dalam Laporan Tahunan ini adalah betul pada tarikh pencetakan.
www.bankislam.com.my
PENYATA KEWANGAN
2014 FINANCIAL STATEMENTS
PENYATA KEWANGAN 2014 FINANCIAL STATEMENTS
Treading the path of excellence, the Bank is redefining challenges and optimising
on emerging niche opportunities. Faced with upheavals in the financial landscape
and new regulatory changes in 2014, Bank Islam has shown its mettle by adapting
positively to change. The Banks ability to meet new industry restructuring
requirements within a short period of time is a testament to its DNA as a pioneering
force in the Islamic industry. Guided by its strategic Hijrah to Excellence gameplan,
the Bank remains poised and ready to unlock new opportunities in anticipation of
greater challenges in 2015.
8
2 7
Report of the Shariah
Directors Report Statement by Directors
Supervisory Council
13 15
12
Independent Auditors Statements of
Statutory Declaration
Report Financial Position
16
Statements 17 18
of Profit or Loss Consolidated Statement Statement of
and Other of Changes in Equity Changes in Equity
Comprehensive Income
21
19 120
Notes to the
Statements of Cash Flow Pillar 3 Disclosure
Financial Statements
FINANCIAL STATEMENTS
2
DIRECTORS REPORT
for the financial year ended 31 December 2014
The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Bank for the financial year ended 31 December 2014.
PRINCIPAL ACTIVITIES
The Bank is principally engaged in Islamic banking business and the provision of related services. The principal activities of the subsidiaries are as stated in Note 13 to the
financial statements.
There has been no significant change in the nature of these activities during the financial year.
RESULTS
GROUP BANK
RM000 RM000
DIVIDENDS
The amount of dividends paid by the Bank since 31 December 2013 are as follows:
RM000
The Directors recommend a final single tier dividend of 5.75 sen per ordinary share totalling RM133,395,000 for the financial year ended 31 December 2014.
There were no other changes in the authorised, issued and paid-up capital of the Bank during the financial year.
IMPAIRED FINANCING
Before the financial statements of the Group and of the Bank were made out, the Directors took reasonable steps to ascertain that proper actions had been taken in relation to
the writing off of bad financing and the making of impairment provisions for impaired financing, and have satisfied themselves that all known bad financing have been written
off and adequate impairment provisions made for impaired financing.
At the date of this report, the Directors are not aware of any circumstances that would render the amount written off for bad financing, or amount of impairment provisions for
impaired financing in the financial statements of the Group and of the Bank, inadequate to any substantial extent.
CURRENT ASSETS
Before the financial statements of the Group and of the Bank were made out, the Directors took reasonable steps to ascertain that any current assets, other than financing,
which were unlikely to be realised in the ordinary course of business at their values as shown in the accounting records of the Group and of the Bank have been written down
to their estimated realisable value.
At the date of this report, the Directors are not aware of any circumstances that would render the values attributed to the current assets in the financial statements of the
Group and of the Bank to be misleading.
VALUATION METHODS
At the date of this report, the Directors are not aware of any circumstances which have arisen which would render adherence to the existing methods of valuation of assets or
liabilities of the Group and of the Bank to be misleading or inappropriate.
(a) any charge on the assets of the Group or of the Bank which has arisen since the end of the financial year and which secures the liabilities of any other person, or
(b) any contingent liability in respect of the Group or of the Bank that has arisen since the end of the financial year other than those incurred in the ordinary course of
business.
No contingent or other liability of any company in the Group has become enforceable, or is likely to become enforceable within the period of twelve months after the end of
the financial year which, in the opinion of the Directors, will or may substantially affect the ability of the Group and of the Bank to meet their obligations as and when they
fall due.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
4
DIRECTORS REPORT
for the financial year ended 31 December 2014
CHANGE OF CIRCUMSTANCES
At the date of this report, the Directors are not aware of any circumstances, not otherwise dealt with in this report or the financial statements which would render any amount
stated in the financial statements of the Group and of the Bank misleading.
There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature, likely to
affect substantially the results of the operations of the Group or of the Bank for the current financial year in which this report is made.
None of the Directors holding office as at 31 December 2014 had any interest in the ordinary shares of the Bank and of its related corporations during the financial year.
DIRECTORS BENEFITS
Since the end of the previous financial year, no Director of the Bank has received nor become entitled to receive any benefit (other than benefits included in the aggregate
amount of emoluments received or due and receivable by the Directors as shown in the financial statements or the fixed salary of a full time employee of the Bank) by reason of
a contract made by the Bank or a related corporation with the Director or with a firm of which the Director is a member, or with a firm in which the Director has a substantial
financial interest.
There were no arrangements during and at the end of the financial year which had the object of enabling Directors of the Bank to acquire benefits by means of the acquisition
of shares in or debentures of the Bank or any other body corporate.
The banking sector will continue to experience intense competition and margin compression as banks keep on competing for funds to manage loan/deposits and liquidity
coverage ratio requirements. Despite the challenges ahead, the industry loan is likely to grow at a range between 7% and 8% in 2015, slightly lower than the 8% to 9%
expected to be recorded for 2014. Similarly, Islamic banking financing is still expected to register double digit growth this year mainly attributed to the governments continuous
effort to support the industry as previously mentioned during the tabling of Budget 2015. Moving forward, rising costs from the implementation of the goods and services tax
and possibly higher borrowing costs will weigh on consumer spending. The plummeting oil prices may not have a direct effect on banks but there are consequences that need
to be closely monitored especially its impact on the countrys economic fundamentals and on oil and gas industry. For Islamic banks in particular, the move to differentiate
deposits and Investment Account under the Islamic Financial Services Act (IFSA) 2013 is expected to bring about a wave of changes in the Islamic banking landscape,
prompting further understanding of Islamic products and services.
At Bank Islam, we enter into the final phase of the Hijrah to Excellence H2E (2013-2015) corporate plan. We expect to sustain our growth momentum albeit with a
cautious stance, taking into consideration of the current economic condition. One of the Banks defensive strategic priorities is to broaden the existing relationships and retain
the good clients. To preserve sound asset quality, we plan to continue exercising vigilance in our underwriting standards as well as take proactive measures in the collection
and rehabilitation of financing payments. Likewise, we want to remain aggressive and dynamic with key measures to drive low cost funding, continuous product innovation
and expand the value chain through cross marketing. Additionally, we intend to further expand the Banks branch network to capture higher deposits and widen its reach
to new potential markets. Currently, Bank Islam has the widest dedicated Islamic banking network of 140 branches nationwide and aims to achieve the optimal number of
150 branches by the end of 2015. These initiatives will be supported by the ongoing emphasis on service excellence to improve customer experience.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
6
DIRECTORS REPORT
for the financial year ended 31 December 2014
AUDITORS
The auditors, Messrs KPMG Desa Megat & Co., have indicated their willingness to accept re-appointment.
Signed on behalf of the Board of Directors in accordance with a resolution of the Directors:
Kuala Lumpur,
Date: 23 March 2015
STATEMENT BY DIRECTORS
pursuant to Section 169(15) of the Companies Act, 1965
In the opinion of the Directors, the financial statements set out on pages 15 to 119 are drawn up in accordance with Malaysian Financial Reporting Standards (MFRS),
International Financial Reporting Standards (IFRS), and the requirements of the Companies Act, 1965 in Malaysia, and Shariah requirements so as to give a true and fair
view of the financial position of the Group and of the Bank as of 31 December 2014 and of its financial performance and cash flows for the financial years then ended.
Signed on behalf of the Board of Directors in accordance with a resolution of the Directors:
Kuala Lumpur,
Date: 23 March 2015
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
8
The Banks Management is responsible to ensure that its conduct and businesses are in accordance with the Shariah rules and principles, and it is our responsibility to form
an independent opinion based on our review on the conduct and businesses of the Bank and to produce this report.
We had eleven (11) meetings during the financial year in which we reviewed interalia products, transactions, services, processes and documents of the Bank.
In performing our roles and responsibilities, we had obtained all the information and explanations which we considered necessary in order to provide us with sufficient
evidences to give reasonable assurance that the Bank has complied with the Shariah rules and principles.
As part of the Shariah governance of the Bank at the management level, the Chief Shariah Officer who functionally reports to us oversees the conduct and effectiveness of
the internal Shariah compliance functions i.e. Shariah Research & Advisory, Shariah Review and Shariah Risk Management which is further substantiated by Shariah Audit
that resides in the Internal Audit Division. The roles of these functions, generally, are facilitating new research & product development activities, refining existing products &
procedures, providing Shariah training, managing Shariah non-compliance risks bank-wide, conducting Shariah audit & review on departments and branches, coordinating
with Shariah Supervisory Council and providing Shariah advisory services to external parties.
The following are the major developments that took place during the financial year which come under our purview:
During the year, seventeen (17) Shariah training and briefing sessions were held covering 584 participants among the Banks employees nationwide. The Bank also conducted
a Shariah Compliance Risk Masterclass for the Board of Directors during the financial year to facilitate the Board members in understanding Shariah non-compliance risks
associated with the Banks business and the issues relating to such risks, as well as the potential implications to the Bank.
The Bank also kicked-off the implementation of a structured Shariah training programme which contains six (6) important modules for the Banks staff. Starting from this year,
all new recruits of the Bank spent one day in the first module namely Muamalat 101 training in conjunction with the orientation programme in which they were exposed to
the fundamentals of Shariah applied in Islamic banking business.
We observed that the Bank has been continuously and diligently implementing measures in managing its Shariah non-compliance risk. In the financial year, the Bank has
completed the establishment of the Shariah risk profiles library through the implementation of risk and control self assessment (RCSA) tool encompassing all functional areas
in all lines of business.
The implementation of RCSA aimed to assess the significance of identified Shariah non-compliance risks, compliance to existing controls and effectiveness of the controls
including to drive for additional controls so as to provide reasonable assurance that no Shariah non-compliance will occur in meeting the business objectives in the respective
functional areas. The preliminary assessment on the RCSA was presented to us in our meeting.
The Shariah Review and Shariah Audit functions play a vital role in achieving the objective of ensuring Shariah compliance of the Bank by evaluating and assessing activities
in the Bank whereby the former validates the compliance of activities with Shariah rules and principles while the latter provides independent assurance in order to add value
and improve the degree of Shariah compliance in relation to such activities. Shariah review is also required to perform assessment on newly launched products after 6 months
(not later than a year) after the product was launched.
Both Shariah Audit and Shariah Review plans for the financial year were reviewed and approved by us for their implementation. The reports were deliberated in our meetings
to confirm that the Bank has complied with the rulings issued by the Shariah Advisory Council of Bank Negara Malaysia, Shariah Advisory Council of Securities Commission
(for capital market related matters) as well as our decisions. The reports were presented to us covering the following entities/areas:
(1) Branch related activities (involved 5 branches) (1) Central Financing Processing Centre
(2) Central Financing Processing Centre (2) House and Fixed Asset products
Head Office and East Malaysia (Kuching) Office
(3) Credit Administration Department (3) Selected Commercial Banking customers that received
Head Office and East Malaysia (Kuching) Office working capital financing from the Bank
(4) Human Resources Division (4) Labbaik Account-i (post implementation review on new product)
(5) Transaction Services Department (5) Bank Islam Card Centre (BICC)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
10
Throughout 2014, we confirmed three (3) minor incidences of breaching Shariah rules and principles in deposit based-products due to operational failure in executing the aqad
which was caused by lack of understanding among the relevant staff who operated the affected accounts. The products involved are:
We noted that the Bank has taken its corrective as well as preventive measures in order to avoid the same incidences from occurring in the future. To specifically address the
events, the Bank has enhanced its control and conducted awareness briefings to the related functional areas.
We also confirmed that all of the events together with the rectification plans were presented to the Board of Directors and reported to Bank Negara Malaysia in accordance to the
Shariah non-compliance reporting requirement prescribed by the Islamic Financial Services Act 2013 and Shariah Governance Framework for Islamic Financial Institutions.
Within the financial year, the Bank detected Shariah non-compliant income amounting to RM3,360.01 which includes commissions from Shariah non-compliant merchants of
card business, interest received from the Banks nostro account as well as rental purification from the Banks land that is being used to facilitate baiinah based transactions.
The amount was disposed to charitable causes which were subject to our approval.
Business Zakat
In the financial year, the Bank has fulfilled its obligation to pay zakat on its business to state zakat authorities and the zakat was computed using growth capital method.
Several zakat authorities had refunded a portion of the zakat paid for the Bank to act as their agent (wakil) to distribute to eligible beneficiaries (asnaf) among needy individuals,
mosque, non-governmental organisations, higher learning institutions (for their students welfare funds) and schools as guided by the Business Zakat Payment Guideline that
was approved by us.
Upon proposal from the Bank regarding its zakat computation method, we did approve the adoption of Zakat computation method as recommended by Department of Awqaf,
Zakat and Hajj (Jabatan Wakaf, Zakat dan Haji JAWHAR) through its Manual Pengurusan Zakat Perbankan which was agreed by all zakat agencies in Malaysia. Pursuant
to this new method, the Bank will only pay zakat on the Banks portion i.e. shareholders fund as well as other funds received by the Bank except depositors fund. Pursuant
to this, all deposit and investment account holders are required to make their own zakat payment on their deposit or investment accordingly. The new method shall take effect
in the Banks financial year 2015.
Shariah Governance
We had also approved in our meetings, initiatives in strengthening the Shariah governance of the Bank which includes the review of the Shariah Compliance Risk Management
Guideline and Shariah Review Guideline that aim, among others, to set out the Shariah Compliance Risk Management framework and Shariah review end-to-date processes.
In addition, our Terms of Reference was revised in the financial year in order to further enhance Shariah oversight by detailing elements of Shariah decision making process as
well as matrix of Shariah approval on Banks documents.
We had also reviewed the financial statement of the Bank and confirmed that the financial statement is in compliance with the Shariah rules and principles.
1. The contracts, transactions and dealings entered into by the Bank, excluding the three (3) minor Shariah non-compliant incidences mentioned above, during the financial
year ended 31 December 2014 that were reviewed are in compliance with the Shariah rules and principles;
2. The allocation of profit and charging of losses relating to investment account conformed to the basis that has been approved by us;
3. The computation, payment and distribution of business zakat are in compliance with the Shariah rules and principles;
4. All earnings that have been realised from sources or by means prohibited by the Shariah rules and principles amounted to RM3,360.01 were disposed to charitable
causes.
On that note, we, Ustaz Dr Ahmad Shahbari @ Sobri Salamon and Professor Dr Ahmad Hidayat Buang, being two of the members of Shariah Supervisory Council of Bank
Islam Malaysia Berhad, do hereby confirm that, in our level best, the operations of the Bank for the year ended 31 December 2014 have been conducted in conformity with
the Shariah rules and principles.
We bear witness only to what we know, and we could not well guard against the unseen! (Surah Yusuf, verse:81)
Kuala Lumpur,
Date: 23 March 2015
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
12
STATUTORY DECLARATION
pursuant to Section 169(16) of the Companies Act, 1965
I, Malkiat Singh @ Malkit Singh Maan a/l Delbara Singh, the officer primarily responsible for the financial management of Bank Islam Malaysia Berhad, do solemnly and
sincerely declare that the financial statements set out on pages 15 to 119 are, to the best of my knowledge and belief, correct and I make this solemn declaration conscientiously
believing the same to be true, and by virtue of the provisions of the Statutory Declarations Act, 1960.
Subscribed and solemnly declared by the above named in Kuala Lumpur on 23 March 2015.
The Directors of the Bank are responsible for the preparation of financial statements so as to give a true and fair view in accordance with Malaysian Financial Reporting
Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia. The Directors are also responsible for such internal
controls as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in
Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our
judgement, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider
internal controls relevant to the Group and Banks preparation of financial statements that give a true and fair view in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and of the Banks internal control. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of the Group and of the Bank as of 31 December 2014 and of their financial
performance and cash flows for the year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the
requirements of the Companies Act, 1965 in Malaysia.
(a) In our opinion, the accounting and other records and the registers required by the Act to be kept by the Bank and its subsidiaries have been properly kept in accordance
with the provisions of the Act.
(b) We are satisfied that the accounts of the subsidiaries that have been consolidated with the Banks financial statements are in form and content appropriate and proper
for the purposes of the preparation of the financial statements of the Group and we have received satisfactory information and explanations required by us for those
purposes.
(c) Our audit reports on the accounts of the subsidiaries did not contain any qualification or any adverse comment made under Section 174(3) of the Act.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
14
OTHER MATTERS
This report is made solely to the member of the Bank, as a body, in accordance with Section 174 of the Companies Act, 1965 in Malaysia and for no other purpose. We do
not assume responsibility to any other person for the content of this report.
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
NOTE RM000 RM000 RM000 RM000
Assets
Cash and short-term funds 3 3,164,628 3,600,343 3,164,402 3,598,078
Deposits and placements with banks and other financial institutions 4 104,725 130,580 104,725 130,580
Financial assets held-for-trading 5 921,629 1,216,895 916,539 1,216,895
Derivative financial assets 6 62,541 29,118 62,541 29,118
Financial assets available-for-sale 7 10,236,663 12,416,921 10,237,120 12,418,932
Financial assets held-to-maturity 8 60,752 63,327 60,752 63,327
Financing, advances and others 9 29,524,571 23,740,948 29,524,571 23,740,948
Other assets 10 126,535 41,384 124,902 39,167
Statutory deposits with Bank Negara Malaysia 11 1,335,000 1,297,100 1,335,000 1,297,100
Current tax assets 40,523 40,588 40,468 40,468
Deferred tax assets 12 31,220 24,613 31,220 24,613
Investments in subsidiary companies 13 15,525 28,027
Property and equipment 14 211,895 209,554 211,522 209,278
Equity
Share capital 19 2,319,907 2,298,165 2,319,907 2,298,165
Reserves 1,409,683 1,028,670 1,410,721 1,031,209
The notes on pages 21 to 119 are an integral part of these financial statements.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
16
GROUP BANK
2014 2013 2014 2013
NOTE RM000 RM000 RM000 RM000
Income derived from investment of depositors funds 22 2,032,085 1,851,278 2,032,085 1,851,289
Income derived from investment of shareholders funds 23 404,741 393,827 399,311 393,019
(Allowance)/Reversal for impairment on financing and advances 24 (59,993) 15,009 (59,993) 15,009
Reversal/(Allowance) for impairment on investments 25 2,978 (9,211) 1,322 (9,211)
Reversal for impairment on other assets 710 5,570 710 5,570
Direct expenses (17,966) (25,773) (17,966) (25,773)
Other comprehensive expense for the year, net of tax (47,305) (151,413) (47,335) (151,443)
Total comprehensive income for the year 463,197 334,313 461,696 340,202
The notes on pages 21 to 119 are an integral part of these financial statements.
Note 20
The notes on pages 21 to 119 are an integral part of these financial statements.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
18
Note 20
The notes on pages 21 to 119 are an integral part of these financial statements.
GROUP BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Adjustments for:
Share of results of associate company 349
Depreciation of property and equipment 49,995 46,279 49,882 46,191
Net loss on disposal of property and equipment 1,394 1,514 1,394 1,497
Property and equipment provision written off 4,608 4,236
Collective assessment allowance 162,878 141,621 162,878 141,621
Individual assessment allowance 34,055 79,103 34,055 79,103
Reversal of impairment losses on other assets (710) (5,570) (710) (5,570)
(Reversal)/Allowance for impairment loss on financial assets available-for-sale (2,872) 9,537 (2,872) 9,537
Reversal of impairment loss on financial assets held-to-maturity (106) (326) (106) (326)
Impairment loss on investment in subsidiary company 1,656
Net loss on sale of financial assets held-for-trading 3,364 9,542 3,364 9,542
Net gain on sale of financial assets available-for-sale (21,685) (14,412) (21,685) (14,412)
Fair value gain on financial assets held-for-trading (2,731) (9,150) (2,731) (9,150)
Dividends from subsidiary (800) (6,400)
Dividends from securities (2,648) (6,477) (2,648) (6,477)
Net derivative loss/(gain) 2,370 (9,163) 2,370 (9,163)
Operating profit before changes in assets and liabilities 926,055 924,738 925,237 923,247
Net cash (used in)/generated from operating activities (2,805,992) 1,293,078 (2,822,423) 1,284,894
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
20
GROUP BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Net cash generated from investing activities 2,427,496 874,375 2,433,593 880,787
Net (decrease)/increase in cash and cash equivalents (438,938) 2,057,010 (436,872) 2,055,238
Cash and cash equivalents at 1 January 3,730,923 1,695,908 3,728,658 1,695,442
Exchange difference on translation (22,632) (21,995) (22,659) (22,022)
The notes on pages 21 to 119 are an integral part of these financial statements.
The Bank is a limited liability company, incorporated and domiciled in Malaysia. The address of its registered office and principal place of business is as follows:
The immediate holding company of the Bank is BIMB Holdings Berhad, a public limited liability company incorporated in Malaysia and is listed on the Main Board of
Bursa Malaysia Securities Berhad.
The ultimate holding board is Lembaga Tabung Haji (LTH), a hajj pilgrims funds board established under the Tabung Haji Act 1995 (Act 535).
The consolidated financial statements comprise the Bank and its subsidiaries (together referred to as the Group).
These financial statements were approved by the Board of Directors on 6 February 2015.
The financial statements of the Group and of the Bank have been prepared in accordance with the applicable Malaysian Financial Reporting Standards
(MFRS), International Financial Reporting Standards (IFRS), the requirements of Companies Act, 1965 in Malaysia and Shariah requirements.
The following are accounting standards, amendments and interpretations of the MFRS framework that have been issued by the Malaysian Accounting
Standards Board (MASB) but have not been adopted by the Group and the Bank.
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 July 2014
Amendments to MFRS 1, First-time Adoption of Malaysian Financial Reporting Standards (Annual Improvements 2011-2013 Cycle)
Amendments to MFRS 2, Share-based Payment (Annual Improvements 2010-2012 Cycle)
Amendments to MFRS 3, Business Combinations (Annual Improvements 2010-2012 Cycle and 2011-2013 Cycle)
Amendments to MFRS 8, Operating Segments (Annual Improvements 2010-2012 Cycle)
Amendments to MFRS 13, Fair Value Measurement (Annual Improvements 2010-2012 Cycle and 2011-2013 Cycle)
Amendments to MFRS 116, Property, Plant and Equipment (Annual Improvements 2010-2012 Cycle)
Amendments to MFRS 119, Employee Benefits Defined Benefit Plans: Employee Contributions
Amendments to MFRS 124, Related Party Disclosures (Annual Improvements 2010-2012 Cycle)
Amendments to MFRS 138, Intangible Assets (Annual Improvements 2010-2012 Cycle)
Amendments to MFRS 140, Investment Property (Annual Improvements 2011-2013 Cycle)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
22
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2016
Amendments to MFRS 5, Non-current Assets Held for Sale and Discontinued Operations (Annual Improvements 2012-2014 Cycle)
Amendments to MFRS 7, Financial Instruments: Disclosures (Annual Improvements 2012-2014 Cycle)
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
Amendments to MFRS 10, Consolidated Financial Statements, MFRS 12, Disclosure of Interests in Other Entities and MFRS 128, Investments in
Associates and Joint Ventures Investment Entities: Applying the Consolidation Exception
Amendments to MFRS 11, Joint Arrangements Accounting for Acquisitions of Interests in Joint Operations
MFRS 14, Regulatory Deferral Accounts
Amendments to MFRS 101, Presentation of Financial Statements Disclosure Initiative
Amendments to MFRS 116, Property, Plant and Equipment and MFRS 138, Intangible Assets Clarification of Acceptable Methods of Depreciation and
Amortisation
Amendments to MFRS 116, Property, Plant and Equipment and MFRS 141, Agriculture Agriculture: Bearer Plants
Amendments to MFRS 119, Employee Benefits (Annual Improvements 2012-2014 Cycle)
Amendments to MFRS 127, Separate Financial Statements Equity Method in Separate Financial Statements
Amendments to MFRS 134, Interim Financial Reporting (Annual Improvements 2012-2014 Cycle)
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2017
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2018
The Group and the Bank plan to apply the abovementioned standards, amendments and interpretations:
from the annual period beginning on 1 January 2015 for those accounting standards, amendments or interpretation that are effective for annual periods
beginning on or after 1 July 2014, except for Amendments to MFRS 2, Amendments to MFRS 119, Amendments to MFRS 138 and Amendments to
MFRS 140.
from the annual period beginning on 1 January 2016 for those accounting standards, amendments or interpretations that are effective for annual periods
beginning on or after 1 January 2016, except for Amendments to MFRS 11 and MFRS 14 which are not applicable to the Group and the Bank.
from the annual period beginning on 1 January 2017 for those accounting standards, amendments or interpretations that are effective for annual periods
beginning on or after 1 January 2017.
from the annual period beginning on 1 January 2018 for those accounting standards, amendments or interpretations that are effective for annual periods
beginning on or after 1 January 2018.
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 below:
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.
The Group is currently assessing the financial impact that may arise from the adoption of MFRS 15.
MFRS 9 replaces the guidance MFRS 139, Financial Instruments: Recognition and Measurement on the classification and measurement of financial assets.
Upon adoption of MFRS 9, financial assets will be measured at either fair value or amortised cost. It is expected that the Banks investment in unquoted
shares will be measured at fair value through comprehensive income.
The adoption of MFRS 9 will result in a change in accounting policy. The Group is currently assessing the financial impact of adopting MFRS 9.
The financial statements have been prepared on the historical cost basis except for derivative financial instruments, financial assets held-for-trading and
financial assets available-for-sale, which have been measured at fair value.
The financial statements are presented in Ringgit Malaysia (RM), which is the Banks functional currency. All financial information is presented in RM and
has been rounded to the nearest thousand (RM000), unless otherwise stated.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting
policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial statements in the period in which the
estimates are revised and in any future periods affected.
Significant areas of estimation, uncertainty and critical judgements used in applying accounting policies that have significant effect in determining the
amount recognised in the financial statements are described in the following notes:
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
24
Subsidiary companies are entities, including structured entities, controlled by the Bank. The financial statements of the subsidiary companies are included
in the consolidated financial statements from the date that control commences until the date that control ceases.
The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those
returns through its power over the entity. Potential voting rights are considered when assessing control only when such rights are substantive. The Group
also considers it has de facto power over an investee when, despite not having the majority of voting rights, it has the current ability to direct the activities
of the investee that significantly affect the investees return.
Investments in subsidiary companies are measured in the Banks statement of financial position at cost less impairment losses, if any. Where there is
indication of impairment, the carrying amount of the investment is assessed. A write down is made if the carrying amount exceeds its recoverable amount.
Business combinations are accounted for using the acquisition method from the acquisition date, which is the date on which control is transferred to the
Group.
For new acquisitions, the Group measures the cost of goodwill at the acquisition date as:
if the business combination is achieved in stages, the fair value of the existing equity interest in the acquiree; less
the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed
When the excess is negative, a bargain purchase gain is recognised immediately in profit or loss.
For each business combination, the Group elects whether it measures the non-controlling interests in the acquiree either at fair value or at proportionate
share of the acquirees identifiable net assets at the acquisition date.
Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination
are expensed as incurred.
Upon the loss of control of a subsidiary, the Group derecognises the assets and liabilities of the former subsidiary, any non-controlling interests and the
other components of equity related to the former subsidiary from the consolidated statement of financial position. Any surplus or deficit arising on the loss of
control is recognised in profit or loss. If the Group retains any interest in the former subsidiary, then such interest is measured at fair value at the date that
control is lost. Subsequently it is accounted for as an equity accounted investee or as a financial asset available-for-sale depending on the level of influence
retained.
(d) Associates
Associates are entities, including unincorporated entities, in which the Group has significant influence but not control over the financial and operating
policies.
Investments in associates are accounted for in the consolidated financial statements using the equity method less any impairment losses. The cost of
the investment includes transaction costs. The consolidated financial statements include the Groups share of the profit or loss and other comprehensive
income of the associate company, after adjustments if any, to align the accounting policies with those of the Group, from the date that significant influence
commences until the date that significant influence ceases.
When the Groups share of losses exceeds its interest in the associate, the carrying amount of that interest including any long-term investments is reduced
to zero, and the recognition of further losses is discontinued except to the extent that the Group has an obligation or has made payments on behalf of the
associate.
When the Group ceases to have significant influence over an associate, any retained interest in the former associate at the date when significant influence
is lost is measured at fair value and this amount is regarded as the initial carrying amount of a financial asset. The difference between the fair value of any
retained interest plus proceeds from the interest disposed of and the carrying amount of the investment at the date when equity method is discontinued is
recognised in the profit or loss.
When the Groups interest in an associate decreases but does not result in a loss of significant influence, any retained interest is not remeasured. Any gain
or loss arising from the decrease in interest is recognised in profit or loss. Any gains or losses previously recognised in other comprehensive income are also
reclassified proportionately to profit or loss if that gain or loss would be required to be reclassified to profit or loss on the disposal of the related assets or
liabilities.
In the Banks statement of financial position, the statutory investment in associate is stated at cost less any impairment losses. The cost of the investment
includes transaction costs.
In preparing the consolidated financial statements, intra-group balances and transactions, and any unrealised income and expenses arising from intra-group
transactions are eliminated.
Unrealised gains arising from transactions with associates are eliminated against the investment to the extent of the Groups interest in the associate.
Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
26
In preparing the financial statements of the Group entities, transactions in foreign currencies are translated to the respective functional currencies of Group
entities at exchange rates at the dates of the transactions.
Monetary assets and liabilities denominated in foreign currencies at the end of reporting date are retranslated to the functional currency at the exchange
rate at that date.
Non-monetary assets and liabilities denominated in foreign currencies are not retranslated at the end of the reporting date, except for those that are
measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined.
Foreign currency differences arising on retranslation are recognised in profit or loss, except for differences arising on the retranslation of available-for-sale
equity instruments or a financial instrument designated as a hedge of currency risk, which are recognised in other comprehensive income.
In the consolidated financial statements, when settlement of monetary item receivable from or payable to a foreign operation is neither planned nor likely
in the foreseeable future, foreign exchange gains and losses arising from such a monetary item are considered to form part of a net investment in a foreign
operation and are recognised in other comprehensive income, and are presented in the Translation Reserve in equity.
(b) Foreign operations denominated in functional currencies other than Ringgit Malaysia (RM)
The assets and liabilities of operations denominated in functional currencies other than RM, including fair value adjustments arising on acquisition, are
translated to RM at exchange rates at the end of the reporting date. The income and expenses of the foreign operations are translated to RM at average
exchange rates for the period.
All resulting exchange differences are recognised in other comprehensive income and accumulated in the Translation Reserve in equity.
Cash and cash equivalents include cash and short-term funds, and deposits and placements with banks and other financial institutions.
Financial instruments are classified and measured using accounting policies as mentioned below.
A financial asset or a financial liability is recognised in the statement of financial position when, and only when, the Group or the Bank becomes a party to the
contractual provisions of the instrument.
A financial instrument is recognised initially, at its fair value plus, in the case of a financial instrument not at fair value through profit or loss, transaction costs
that are directly attributable to the acquisition or issue of the financial instrument.
The Group and the Bank categorises its financial instruments as follows:
Financial assets
Financing and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in active market and the Group
does not intend to sell immediately or in the near term. The Groups financing and receivables consist of sale-based contracts (namely Bai Bithaman Ajil,
Bai Al-Inah, Murabahah and At-Tawarruq), lease-based contracts (namely Ijarah Muntahiah Bit-Tamleek and Ijarah Thumma Al-Bai), construction-based
contract (Istisna) and Ar-Rahnu contract.
These contracts are subsequently measured at amortised cost using effective profit rate method. These contracts are stated net of unearned income and
any impairment loss.
(i) Held-for-trading
Financial assets acquired or incurred principally for the purpose of selling or repurchasing it in the near term or it is part of a portfolio that are managed
together and for which there is evidence of a recent actual pattern of short-term profit-taking; or
Financial assets meet at least one of the following criteria upon designation:
it eliminates or significantly reduces measurement or recognition inconsistencies that would otherwise arise from measuring financial assets, or
recognising gains or losses on them, using different bases; or
the financial asset contains an embedded derivative that would otherwise need to be separately recorded.
These financial assets are subsequently measured at their fair values and any gain or loss arising from a change in the fair value will be recognised in
the profit or loss.
Financial assets held-to-maturity are non-derivative financial assets with fixed or determinable payments and fixed maturity that the Bank has the positive
intent and ability to hold to maturity. These financial assets are subsequently measured at amortised cost using the effective profit rate method, less any
impairment loss.
Any sale or reclassification of more than insignificant amount of financial assets held-to-maturity would result in the reclassification of all financial assets
held-to-maturity to financial assets available-for-sale and the Group would be prevented from classifying any financial assets as financial assets held-to-
maturity for the current and following two financial years.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
28
Financial assets available-for-sale are financial assets that are either designated in this category or not classified in any other category and are measured
at fair value.
Investments in equity instruments that do not have a quoted market price in an active market and whose fair value cannot be reliably measured are stated
at cost less any impairment loss. Any gain or loss arising from a change in the fair value is recognised in the fair value reserve through other comprehensive
income except for impairment losses and foreign exchange gains and losses arising from monetary items which are recognised in profit or loss. On
derecognition or disposal, the cumulative gains or losses previously recognised in other comprehensive income is reclassified from equity into profit or loss.
Profit calculated for a debt instrument using the effective profit method is recognised in the profit or loss.
All financial assets, except for those measured at fair value through profit or loss, are subject to review for impairment. See note 2.10 Impairment.
The Group and the Bank holds derivative financial instruments to hedge its foreign currency and profit rate exposures. However, the Group and the Bank elect not
to apply hedge accounting. Hence, foreign exchange trading positions, including spot and forward contracts, are revalued at prevailing market rates at statement
of financial position date and the resultant gains and losses for the financial year are recognised in the profit or loss.
An embedded derivative is recognised separately from the host contract and accounted for as a derivative if, and only if, it is not closely related to the economic
characteristics and risks of the host contract and the host contract is not categorised at fair value through profit or loss. The host contract, in the event an
embedded derivative is recognised separately, is accounted for in accordance with policy applicable to the nature of the host contract.
Financial liabilities
All financial liabilities are subsequently measured at amortised cost other than those categorised as fair value through profit or loss.
Fair value through profit or loss category comprises financial liabilities that are derivatives or financial liabilities that are specifically designated into this category
upon initial recognition.
Derivatives that are linked to and must be settled by delivery of equity instruments that do not have quoted price in an active market for identical instruments
whose fair value otherwise cannot be reliably measured are measured at cost.
Other financial liabilities categorised as fair value through profit or loss are subsequently measured at their fair values with the gain or loss recognised in profit
or loss.
A financial guarantee contract is a contract that requires the Group to make specified payments to reimburse the holder for a loss it incurs because a specified
debtor fails to make payment when due in accordance with the original or modified terms of a debt instrument.
Fair value arising from financial guarantee contracts are classified as deferred income and are amortised to profit or loss using a straight-line method over the
contractual period or, when there is no specified contractual period, recognised in profit or loss upon discharge of the guarantee. When settlement of a financial
guarantee contract becomes probable, an estimate of the obligation is made. If the carrying value of the financial guarantee contract is lower than the obligation,
the carrying value is adjusted to the obligation amount and accounted for as a provision.
Derecognition
A financial asset or part of it is derecognised when, and only when the contractual rights to the cash flows from the financial asset expire or the financial asset
is transferred to another party without retaining control or substantially all risks and rewards of the asset. On derecognition of a financial asset, the difference
between the carrying amount and the sum of the consideration received (including any new asset obtained less any new liability assumed) and any cumulative
gain or loss that had been recognised in equity is recognised in profit or loss.
A financial liability or a part of it is derecognised when, and only when, the obligation specified in the contract is discharged or cancelled or expires.
On derecognition of a financial liability, the difference between the carrying amount of the financial liability extinguished or transferred to another party and the
consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised in profit or loss.
Items of property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.
Cost includes expenditures that are directly attributable to the acquisition of the asset and any other costs directly attributable to bringing the asset to
working condition for its intended use, and the costs of dismantling and removing the items and restoring the site on which they are located. The cost of
self-constructed assets also includes the cost of materials and direct labour. For qualifying assets, borrowing costs are capitalised in accordance with the
accounting policy on borrowing costs. Cost also may include transfers from equity of any gain or loss on qualifying cash flow hedges of foreign currency
purchases of property and equipment.
Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.
The cost of property and equipment recognised as a result of a business combination is based on fair value at acquisition date. The fair value of property is
the estimated amount for which a property could be exchanged between knowledgeable willing parties in an arms length transaction after proper marketing
wherein the parties had each acted knowledgeably, prudently and without compulsion. The fair value of equipment is based on the quoted market prices
for similar items when available and replacement cost when appropriate.
When significant parts of an item of property and equipment have different useful lives, they are accounted for as separate items (major components) of
property and equipment.
The gain or loss on disposal of an item of property and equipment is determined by comparing the proceeds from disposal with the carrying amount of
property and equipment and is recognised net within other income and other expenses respectively in profit or loss.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
30
The cost of replacing a component of an item of property and equipment is recognised in the carrying amount of the item if it is probable that the future
economic benefits embodied within the component will flow to the Group or the Bank, and its cost can be measured reliably. The carrying amount of the
replaced component is derecognised to profit or loss. The costs of the day-to-day servicing of property and equipment are recognised in profit or loss as
incurred.
(c) Depreciation
Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed, and if a component has a
useful life that is different from the remainder of that asset, then that component is depreciated separately.
Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property and equipment.
Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group and the Bank will obtain
ownership by the end of the lease term. Property and equipment under construction are not depreciated until the assets are ready for their intended use.
The estimated useful lives for the current and comparative periods are as follows:
Computer equipment
Depreciation methods, useful lives and residual values are reassessed at end of the reporting period, and adjusted as appropriate.
Leases in terms of which the Group or the Bank assumes substantially all the risks and rewards of ownership are classified as finance leases. Upon initial
recognition, the leased asset is measured at an amount equal to the lower of its fair value and the present value of the minimum lease payments. Subsequent
to initial recognition, the asset is accounted for in accordance with the accounting policy applicable to that asset.
Minimum lease payments made under finance leases are apportioned between the finance expense and the reduction of the outstanding liability. The finance
expense is allocated to each period during the lease term so as to produce a constant periodic rate of return on the remaining balance of the liability. Contingent
lease payments are accounted for by revising the minimum lease payments over the remaining term of the lease when the lease adjustment is confirmed.
Leasehold land which in substance is a finance lease is classified as property and equipment.
Leases, where the Group or the Bank does not assume substantially all the risks and rewards of ownership are classified as operating leases and, the leased
assets are not recognised on the statement of financial position.
Payments made under operating leases are recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives received are recognised
in profit or loss as an integral part of the total lease expense, over the term of the lease. Contingent rentals are charged to profit or loss in the reporting period
in which they are incurred.
Leasehold land which in substance is an operating lease is classified as prepaid lease payments.
Bills and other receivables are stated at cost less any allowance for impairment.
2.10 Impairment
Financial assets
The Group and the Bank assess at each reporting date whether there is any objective evidence that financing and receivables, financial assets held-to-maturity
or financial assets available-for-sale are impaired as a result of one or more events having an impact on the estimated future cash flows of the asset. A financial
asset or a group of financial assets are impaired and impairment losses are incurred if, and only if, there is objective evidence of impairment as a result of one or
more events that occurred after the initial recognition of the assets and prior to the reporting date (a loss event) and that loss event or events has an impact on
the estimated future cash flow of the financial asset or the group of financial assets as that can be reliably estimated. The criteria that the Group and the Bank
uses to determine that there is objective evidence of an impairment loss include:
(iii) it becomes probable that the borrower will enter bankruptcy or other financial reorganisation; or
Financing is classified as impaired when the principal or profit or both are past due for three months or more, or where a financing is in arrears for less than three
months, the financing exhibits indications of credit weakness.
For financing and receivables, the Group and the Bank first assess whether objective evidence of impairment exists individually for financing and receivables
that are individually significant, and collectively for financing and receivables that are not individually significant. If the Group and the Bank determines that
no objective evidence of impairment exist for an individually assessed financing and receivable, whether significant or not, it includes the assets in a group of
financing and receivables with similar credit risk characteristics and collectively assesses them for impairment. Financing and receivables that are individually
assessed for impairment and for which an impairment loss is or continues to be recognised are not included in the collective assessment for impairment.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
32
The amount of impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows
discounted at the assets original effective profit rate. The amount of the loss is recognised using an allowance account and recognised in the profit or loss. The
estimation of the amount and timing of the future cash flows requires management judgement. In estimating these cash flows, judgements are made about the
realisable value of the collateral pledged and the borrower financial position. These estimations are based on assumptions and the actual results may differ from
these, hence resulting in changes to impairment losses recognised.
For the purposes of a collective evaluation of impairment, financing and receivables are grouped on the basis of similar risk characteristics, taking into account
the asset type, industry, geographical location, collateral type, past-due status and other relevant factors. These characteristics are relevant to the estimation
of future cash flows for groups of such assets by being indicative of the counterpartys ability to pay all amounts due according to the contractual terms of the
assets being evaluated.
Future cash flows for a group of financing and receivables that are collectively evaluated for impairment are estimated on the basis of the contractual cash flows of
the assets in the group and historical loss experience for assets with credit risk characteristics similar to those in the group. Historical loss experience is adjusted
based on current observable data to reflect the effects of current conditions that did not affect the period on which the historical loss experience is based and
remove the effects of conditions in the historical period that do not currently exist.
When a financing is uncollectable, it is written off against the related allowance for impairment. Such financing are written off after all the necessary procedures
have been completed and the amount of the loss has been determined. Subsequently, recoveries of amounts previously written off are credited to the profit or
loss.
If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment
was recognised, the previously recognised impairment loss is reversed by adjusting the allowance for impairment account. The amount of reversal is recognised
in the profit or loss.
In the case of available-for-sale equity securities, a significant or prolonged decline in their fair value of the security below its cost is also considered in determining
whether impairment exists. Where such evidence exists, the cumulative net loss that has been previously recognised directly in equity is removed from equity
and recognised in the profit or loss. In the case of debt instruments classified as available-for-sale, impairment is assessed based on the same criteria as all other
financial assets. Reversals of impairment of debt instruments are recognised in the comprehensive income statement.
An impairment loss in respect of unquoted equity instrument that is carried at cost is recognised in profit or loss and is measured as the difference between
the financial assets carrying amount and the present value of estimated future cash flows discounted at the current market rate of return for a similar financial
asset.
Where a financing shows evidence of credit weaknesses, the Group or the Bank may seek to renegotiate the financing rather than taking possession of the
collateral. This may involve an extension of the payment arrangements via rescheduling or the renegotiation of new financing terms and conditions via restructuring.
Management monitors the renegotiated financing to ensure that all the revised terms are met and the repayments are made promptly for a continuous period.
Where an impaired financing is renegotiated, the borrower must adhere to the revised and/or restructured repayment terms for a continuous period of six months
before the financing is classified as non-impaired. These financing continue to be subjected to individual or collective impairment assessment.
Other assets
The carrying amount of other assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such
indication exists, then the assets recoverable amount is estimated.
The recoverable amount of an asset is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows
are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to
the asset.
An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. Impairment losses are recognised in the profit or loss.
Impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment
loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the
assets carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had
been recognised. Reversals of impairment losses are credited to the profit or loss in the year in which the reversals are recognised.
Bills and acceptances payable represent the Groups and the Banks own bills and acceptances rediscounted and outstanding in the market.
2.12 Provisions
A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable
that an outflow of economic benefits will be required to settle the obligation.
The provisions are reviewed at each reporting date and if it is no longer probable that an outflow of resources embodying economic benefits will be required to
settle the obligation, the provision is reversed.
Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is not recognised in the
statements of financial position and is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations,
whose existence will only be confirmed by the occurrence or non-occurrence of one or more future events, are also disclosed as contingent liabilities unless the
probability of outflow of economic benefits is remote.
Where it is not possible that there is an inflow of economic benefits, or the amount cannot be estimated reliably, the asset is not recognised in the statements
of financial position and is disclosed as a contingent asset, unless the probability of inflow of economic benefits is remote. Possible obligations, whose existence
will only be confirmed by the occurrence or non-occurrence of one or more future events, are also disclosed as contingent assets unless the probability of inflow
of economic benefits is remote.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
34
An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues
and expenses that relate to transactions with any of the Groups other components. An operating segments operating results are reviewed regularly by the chief
operating decision maker, which in this case is the Managing Director of the Group, to make decisions about resources to be allocated to the segment and to
assess its performance, and for which discrete financial information is available.
Instruments classified as equity are measured at cost on initial recognition and are not remeasured subsequently.
Share Capital
Ordinary shares are classified as equity in the statement of financial position. Cost directly attributable to the issuance of new equity shares are taken to equity
as a deduction from the proceeds.
Financing income
Financing income is recognised in the profit or loss using the effective profit rate method. The effective profit rate is the rate that discounts estimated future cash
payments or receipts through the expected life of the financial instruments or, when appropriate, a shorter period to the net carrying amount of the financial
instruments. When calculating the effective profit rate, the Group and the Bank has considered all contractual terms of the financial instruments but does not
consider future credit losses. The calculation includes all fees and transaction costs integral to the effective profit rate, as well as premium or discounts.
Income from a sale-based contract is recognised on effective profit rate basis over the period of the contract based on the principal amounts outstanding whereas
income from Ijarah (lease-based contract) is recognised on effective profit rate basis over the lease term.
Once a financial assets or a group of financial assets has been written down as a result of an impairment loss, income is recognised using the profit rate used to
discount the future cash flows for the purpose of measuring the impairment loss.
Financing arrangement, management and participation fees, underwriting commissions and brokerage fees are recognised as income based on contractual
arrangements. Fees from advisory and corporate finance activities are recognised net of service taxes and discounts on completion of each stage of the
assignment.
Dividend income from subsidiary companies and other investments are recognised when the Banks rights to receive payment is established.
Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognised in profit or loss except to the extent that it relates to a
business combination or items recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted by the end of
the reporting period, and any adjustment to tax payable in respect of previous financial years.
Deferred tax is recognised using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities in the statement
of financial position and their tax bases. Deferred tax is not recognised for the following temporary differences: the initial recognition of goodwill, the initial
recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss. Deferred
tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or
substantively enacted by the end of the reporting period.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied
by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their
tax assets and liabilities will be realised simultaneously.
A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which the temporary difference can be
utilised. Deferred tax assets are reviewed at the end of each reporting period and are reduced to the extent that it is no longer probable that the related tax benefit
will be realised.
2.19 Zakat
This represents business zakat. It is an obligatory amount payable by the Group and the Bank to comply with the principles of Shariah.
Short-term employee benefit obligations in respect of salaries, annual bonuses, paid annual leave and sick leave are measured on an undiscounted basis and are
expensed as the related service is provided.
A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group and the Bank has a present legal or
constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.
The Groups and the Banks contribution to the Employees Provident Fund is charged to the profit or loss in the year to which they relate. Once the contributions
have been paid, the Group and the Bank has no further payment obligations.
The Group presents basic earnings per share data for its ordinary shares (EPS).
Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Group by the weighted average number of ordinary shares
outstanding during the year.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
36
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date in the principal or, in its absence, the most advantageous market to which the Group has access at that date. The fair value of a liability
reflects its non-performance risk.
When available, the Group measures the fair value of an instrument using the quoted price in an active market for that instrument. A market is regarded as active
if transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
If there is no quoted price in an active market, then the Group uses valuation techniques that maximise the use of relevant observable inputs and minimise
the use of unobservable inputs. The chosen valuation technique incorporates all of the factors that market participants would take into account in pricing a
transaction.
The best evidence of the fair value of a financial instrument at initial recognition is normally the transaction price i.e. the fair value of the consideration given
or received. If the Group determines that the fair value at initial recognition differs from the transaction price and the fair value is evidenced neither by a quoted
price in an active market for an identical asset or liability nor based on a valuation technique that uses only data from observable markets, then the financial
instrument is initially measured at fair value, adjusted to defer the difference between the fair value at initial recognition and the transaction price. Subsequently,
that difference is recognised in profit or loss on an appropriate basis over the life of the instrument but no later than when the valuation is wholly supported by
observable market data or the transaction is closed out.
If an asset or a liability measured at fair value has a bid price and an ask price, then the Group measures assets and long positions at a bid price and liabilities
and short positions at an ask price.
Portfolios of financial assets and financial liabilities that are exposed to market risk and credit risk that are managed by the Group on the basis of the net exposure
to either market or credit risk are measured on the basis of a price that would be received to sell a net long position (or paid to transfer a net short position) for a
particular risk exposure. Those portfolio-level adjustments are allocated to the individual assets and liabilities on the basis of the relative risk adjustment of each
of the individual instruments in the portfolio.
The fair value of a demand deposit is not less than the amount payable on demand, discounted from the first date on which the amount could be required to
be paid.
The Group recognises transfers between levels of the fair value hierarchy as of the end of the reporting period during which the change has occurred.
Cash and balances with banks and other financial institutions 773,453 616,133 773,272 613,948
Money at call and interbank placements with remaining maturity not exceeding one month 2,391,175 2,984,210 2,391,130 2,984,130
At fair value
Malaysian Government Investment Issues 50,767 726,353 50,767 726,353
Bank Negara Negotiable Notes 394,808 178,058 394,808 178,058
Islamic Debt Securities 191,336 312,484 191,336 312,484
Negotiable Islamic Debt Certificates 279,628 279,628
Unit trust 5,090
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
38
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.
31.12.2014
NOTIONAL FAIR VALUE
AMOUNT ASSETS LIABILITIES
RM000 RM000 RM000
31.12.2013
NOTIONAL FAIR VALUE
AMOUNT ASSETS LIABILITIES
RM000 RM000 RM000
At fair value
Unit trust 3,229 3,229 3,229 3,229
At fair value
Malaysian Government Investment Issues 1,202,058 1,269,943 1,202,058 1,269,943
Negotiable Islamic Debt Certificates 447,825 447,825
Islamic Debt Securities 8,998,120 10,661,807 8,998,577 10,663,818
At fair value
Islamic Development Bank Unit Trust 1,647 1,647 1,647 1,647
At cost
Unquoted shares in Malaysia 24,450 23,456 24,450 23,456
Less: Accumulated impairment loss* (15,734) (14,740) (15,734) (14,740)
At cost
Unquoted shares outside Malaysia 22,893 23,754 22,893 23,754
At amortised cost
Unquoted securities in Malaysia:
Islamic Debt Securities 67,771 70,452
Less: Accumulated impairment loss (7,019) (7,125)
60,752 63,327
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
40
At amortised cost
Cash line 133,369 711,351 844,720
Term financing
House financing 5,205,901 3,869,009 66,730 9,141,640
Syndicated financing 19,841 180,731 998,462 148,543 1,347,577
Leasing financing 64,141 5,030 69,171
Bridging financing 72,533 72,533
Personal financing 372,209 9,234,012 9,606,221
Other term financing 3,137,330 403,814 21,576 3,717,813 1,822 7,282,355
Staff financing 111,203 69 44,610 18,466 174,348
Credit cards 89,635 346,003 435,638
Trade bills discounted 1,013,823 1,013,823
Trust receipts 33,398 33,398
Pawn broking 90,288 90,288
At amortised cost
Cash line 175,923 573,323 749,246
Term financing
House financing 5,442,107 1,190,950 67,995 6,701,052
Syndicated financing 30,874 193,387 475,200 183,820 883,281
Leasing financing 57,931 9,146 67,077
Bridging financing 40,052 40,052
Personal financing 734,250 7,597,961 8,332,211
Other term financing 3,565,043 7,034 2,326,624 1,884 5,900,585
Staff financing 124,320 708 25,736 21,944 172,708
Credit cards 157,089 288,153 445,242
Trade bills discounted 805,381 14,107 819,488
Trust receipts 35,957 35,957
Pawn broking 95,621 95,621
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
42
30,111,712 24,242,520
Fixed rate
House financing 1,563,643 1,512,408
Others 7,553,928 7,954,409
Floating rate
Others 20,994,141 14,775,703
30,111,712 24,242,520
30,111,712 24,242,520
30,111,712 24,242,520
(f) By sector
30,111,712 24,242,520
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
44
Gross impaired financing as a percentage of gross financing, advances and others 1.14% 1.18%
344,539 285,302
344,539 285,302
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
46
* 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 repayments.
RECOGNISED RECOGNISED
IN PROFIT AT IN PROFIT
AT OR LOSS 31.12.2013/ OR LOSS AT
1.1.2013 (NOTE 31) 1.1.2014 (NOTE 31) 31.12.2014
RM000 RM000 RM000 RM000 RM000
GROUP
Property and equipment (32,879) 4,760 (28,119) 4,912 (23,207)
Provisions 21,445 3,207 24,652 2,553 27,205
Unabsorbed capital allowances 29,889 (1,809) 28,080 (858) 27,222
BANK
Property and equipment (32,705) 4,586 (28,119) 4,912 (23,207)
Provisions 21,445 3,207 24,652 2,553 27,205
Unabsorbed capital allowances 29,889 (1,809) 28,080 (858) 27,222
Deferred tax assets have not been recognised in respect of the following item:
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
The Banks unabsorbed capital allowances of RM27.3 million in respect of its leasing business whereby management considered it uncertain whether the Bank is able
to utilise the benefits in the future. As such, deferred tax assets have not been recognised.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
48
At cost
Unquoted shares in Malaysia 16,447 28,847
Less: Accumulated impairment loss (922) (820)
15,525 28,027
There were three capital repayments from two of the Banks subsidiary companies during the financial year ended 31 December 2014 resulting in the decrease of
investments in subsidiary companies. The three capital repayments were as follow:
RM000
10,000
EFFECTIVE OWNERSHIP
INTEREST
31.12.2014 31.12.2013
NAME OF COMPANY PRINCIPAL ACTIVITIES % %
Al-Wakalah Nominees (Tempatan) Sdn. Bhd. Provide nominee services 100 100
BIMB Investment Management Berhad Managing Islamic Unit Trust Funds 100 100
Bank Islam Trust Company (Labuan) Ltd. Provide services as a Labuan registered trust company 100 100
BIMB Offshore Company Management Services Sdn. Bhd. Resident Corporate Secretary and Director for Offshore Companies 100 100
BIMB Foreign Currency Clearing Agency Sdn. Bhd. Dormant (in the process of members voluntary liquidation) 100 100
Farihan Corporation Sdn. Bhd. Provide manpower for the provision of Islamic pawn broking services 100 100
Cost
At 1 January 2013 14,784 31,861 113,835 79,422 261,701 1,484 180 5,652 508,919
Additions 2,704 7,889 5,840 14,066 2,322 6,409 39,230
Reclassifications 67 82 4 2,942 (153) (2,942)
Disposals (1,958) (4,847) (2,276) (2,948) (12,029)
Written off (1,837) (7,060) (12,667) (2,503) (24,067)
Exchange difference 7 74 50 141 4 276
At 31 December 2013 14,784 30,844 109,973 70,373 273,399 1,488 2,349 9,119 512,329
Additions 3,425 9,051 7,529 27,624 801 5,364 53,794
Reclassifications 190 1,526 509 9,071 (2,225) (9,071)
Disposals (3,080) (3,667) (2,560) (23,180) (150) (32,637)
Written off
Exchange difference 1 16 21 15 4 57
At 31 December 2014 14,784 31,380 116,899 75,872 286,929 1,342 925 5,412 533,543
Accumulated depreciation
At 1 January 2013 956 20,451 52,178 53,919 157,660 775 2 285,941
Depreciation for the year 174 1,632 8,645 8,838 26,722 268 46,279
Disposals (1,604) (3,881) (1,837) (2,935) (10,257)
Written off (1,107) (4,015) (11,847) (2,490) (19,459)
Exchange difference 7 74 49 137 4 271
Carrying amounts
At 1 January 2013 13,828 11,410 61,657 25,503 104,041 709 178 5,652 222,978
At 31 December 2013 13,654 11,465 56,972 21,251 94,305 441 2,347 9,119 209,554
At 31 December 2014 13,480 12,917 57,790 20,794 100,426 180 896 5,412 211,895
There were no capitalised financing costs related to the acquisition of property and equipment during the year (2013: Nil).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
50
Cost
At 1 January 2013 14,784 31,834 113,805 78,207 260,879 1,484 178 5,652 506,823
Additions 2,704 7,887 5,839 13,996 2,225 6,409 39,060
Reclassifications 67 82 4 2,942 (153) (2,942)
Disposals (1,958) (4,847) (1,910) (2,910) (11,625)
Written off (1,837) (7,060) (12,122) (2,439) (23,458)
Exchange difference 7 74 44 131 4 260
At 31 December 2013 14,784 30,817 109,941 70,062 272,599 1,488 2,250 9,119 511,060
Additions 3,425 9,043 7,528 27,426 801 5,364 53,587
Reclassification 190 1,526 509 9,071 (2,225) (9,071)
Disposals (3,080) (3,667) (2,560) (23,180) (150) (32,637)
Written off
Exchange difference 1 16 14 3 4 38
At 31 December 2014 14,784 31,353 116,859 75,553 285,919 1,342 826 5,412 532,048
Accumulated depreciation
At 1 January 2013 956 20,412 52,165 53,282 156,993 775 284,583
Depreciation for the year 174 1,632 8,635 8,820 26,662 268 46,191
Disposals (1,604) (3,881) (1,635) (2,908) (10,028)
Written off (1,107) (4,015) (11,663) (2,437) (19,222)
Exchange difference 7 74 44 129 4 258
Carrying amounts
At 1 January 2013 13,828 11,422 61,640 24,925 103,886 709 178 5,652 222,240
At 31 December 2013 13,654 11,477 56,963 21,214 94,160 441 2,250 9,119 209,278
At 31 December 2014 13,480 12,929 57,770 20,770 100,155 180 826 5,412 211,522
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Demand Deposit
Wadiah 10,535,088 9,888,119 10,539,744 9,891,476
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
52
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Non-Mudharabah fund
Licensed Islamic banks 1,538
Other financial institutions 44,564
46,102
Mudharabah fund
Licensed Islamic banks 280,000 1,298,873
Other financial institutions 20,000 185,000
300,000 1,483,873
300,000 1,529,975
Included in other payables is undistributed charity fund amounting to RM305,000 (2013: RM248,000) for the Group and the Bank respectively. Movement of sources
and uses of charity fund are disclosed in Note 21.
Authorised:
Ordinary shares of RM1.00 each 2,540,000 2,540,000 2,540,000 2,540,000
During the financial year, the Bank increased its issued and paid-up capital from RM2,298,165,336 to RM2,319,907,000 (2013: RM2,265,490,000 to
RM2,298,165,336) via the issuance of 21,741,664 (2013: 32,675,336) new ordinary shares of RM1.00 each at a consideration of RM2.78 (2013: RM2.60) each
arising from the Dividend Reinvestment Plan of the fifty percent of the interim dividend of approximately 5.26 sen (2013: 5.00 sen) in respect of financial year ended
31 December 2014, as disclosed in Note 33.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
54
GROUP
At 1 January 2013 505,651 121,414 1,092 628,157
Foreign exchange translation differences (21,990) (21,990)
Fair value reserve
Net change in fair value (124,548) (124,548)
Net amount reclassified to profit or loss (4,875) (4,875)
Transfer from current year profit 245,823 245,823
BANK
At 1 January 2013 505,651 121,414 1,094 628,159
Foreign exchange translation differences (22,020) (22,020)
Fair value reserve
Net change in fair value (124,548) (124,548)
Net amount reclassified to profit or loss (4,875) (4,875)
Transfer from current year profit 245,823 245,823
The fair value reserve includes the cumulative net change in the fair value of financial assets available-for-sale, excluding impairment losses, until the financial asset is
derecognised.
The translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of the offshore banking operations in the Federal
Territory of Labuan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
56
GROUP BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
(19) 2 (19) 2
of which
Financing income earned on impaired financing 1,409 1,696 1,409 1,696
GROUP BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
of which
Financing income earned on impaired financing 23,612 24,744 23,612 24,744
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
58
Other income
Net loss on disposal of property and equipment (1,394) (1,514) (1,394) (1,497)
Rental income 3,775 3,615 4,100 3,615
Other income 216 349 197 167
59,993 (15,009)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
60
Promotion
Advertisement and publicity 6,968 10,093 6,869 9,944
Credit and debit card expenses 18,921 19,156 18,921 19,156
Others 9,877 11,860 8,902 11,133
Establishment
Office rental 48,742 46,352 48,631 45,885
Depreciation of property and equipment 49,995 46,279 49,882 46,191
Information technology expenses 33,518 27,989 33,518 27,989
Rental equipment 3,940 3,875 3,892 3,818
Office maintenance 10,318 9,493 10,152 9,322
Utilities 14,505 12,575 14,414 12,481
Security services 14,680 10,992 14,672 10,978
Takaful and insurance 7,653 6,001 7,550 5,855
Others 306 319 306 319
General expenses
Auditors remuneration
statutory audit fees 627 683 560 596
others 474 360 440 330
Professional fees 3,132 2,043 3,048 1,888
Office supplies 8,567 9,558 8,498 9,515
Travelling & transportation 8,273 8,011 8,204 7,942
Subscription fees 3,365 3,016 3,364 3,015
Outsourcing fees 39,931 48,068 39,931 48,068
Processing charges 10,812 14,490 10,812 14,490
Others 50,952 39,128 52,484 38,818
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
62
Non-Executive Directors:
Fees 1,058 1,224 1,046 1,207
Other emoluments 548 516 539 505
Benefits-in-kind 264 265 264 265
289 278
Non-Executive Directors:
Fees 66 46 -
Other emoluments 88 47
154 93
Grand total (excluding benefits-in-kind) (Note 27) 9,501 9,478 9,019 9,059
REMUNERATION
RECEIVED FROM
REMUNERATION RECEIVED FROM THE BANK BANK SUBSIDIARY COMPANIES GROUP
SALARY OTHER BENEFITS- OTHER
AND BONUS FEES EMOLUMENTS IN-KIND TOTAL FEES EMOLUMENTS TOTAL
RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
31 December 2014
Executive Director:
Dato Sri Zukri Samat 5,586 1,501 254 7,341 5 7,346
Non-Executive Directors:
Datuk Zamani Abdul Ghani 213 126 54 393 393
Tan Sri Ismee Ismail 89 58 50 197 197
Professor Emeritus Tan Sri
Dato Dr. Abdul Shukor Husin 90 16 106 106
Datuk Zaiton Mohd Hassan 230 107 25 362 362
Dato Johan Abdullah 90 60 50 200 200
Zahari @ Mohd Zin Idris 226 121 35 382 12 9 403
Mohamed Ridza Mohamed Abdulla 108 51 50 209 209
31 December 2013
Executive Director:
Dato Sri Zukri Samat 5,465 1,529 161 7,155 6 7,161
Non-Executive Directors:
Datuk Zamani Abdul Ghani 192 94 65 351 351
Tan Sri Ismee Ismail 102 52 25 179 179
Datuk Zaiton Mohd Hassan 228 79 50 357 357
Dato Johan Abdullah 79 36 115 115
Zahari @ Mohd Zin Idris 228 107 25 360 17 11 388
Mohamed Ridza Mohamed Abdulla 108 42 25 175 175
Abdullah Abdulrahman Abdullah Sharafi 184 53 50 287 287
Mohammed Abdul Ghaffar
Ghualoom Hussain Abdulla 86 42 25 153 153
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
64
REMUNERATION
REMUNERATION RECEIVED FROM
RECEIVED FROM SUBSIDIARY
THE BANK BANK COMPANY GROUP
OTHER
FEES EMOLUMENTS TOTAL FEES TOTAL
RM000 RM000 RM000 RM000 RM000
31 December 2014
31 December 2013
The compensation for key management personnel other than the Directors remuneration is as follows:
Deferred tax expense relating to origination and reversal of temporary differences arising from:
Current year (7,687) (345) (7,687) (345)
Under/(Over) provision in prior years 1,080 (5,813) 1,080 (5,639)
The corporate tax rate is 25%. Consequently deferred tax assets and liabilities are measured using this tax rate.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
66
GROUP BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Income tax calculated using Malaysian tax rate of 25% (2013: 25%) 175,562 171,008 175,298 170,755
Income not subject to tax (3,394) 3,201 (3,181) 3,071
Non-deductible expenses 5,171 8,610 4,924 8,607
33. DIVIDENDS
Dividends recognised by the Bank:
TOTAL
SEN AMOUNT
PER SHARE RM000 DATE OF PAYMENT
2014
Single tier
Interim 2014 ordinary 5.26 120,884 24 September 2014
2013
195,246
Single tier
Second interim 2013 ordinary 0.01 153 31 December 2013
From the total dividend amount paid of RM120.9 million on 24 September 2014, approximately 50% or RM60.5 million was distributed as cash dividend whilst
the remaining 50% amounting to RM60.4 million was reinvested to subscribe for 21,741,664 new ordinary shares of RM1.00 at RM2.78 each via the Dividend
Reinvestment Plan.
From the total dividend amount paid on 31 December 2013, the Banks second interim dividend of approximately 5.00 sen per ordinary share amounting to
RM84.8 million was reinvested to subscribe for 32,675,336 new ordinary shares of RM1.00 at RM2.60 each via the Dividend Reinvestment Plan.
The dividend was reinvested by the sole shareholder, BIMB Holdings Berhad to strengthen the Banks capital position to fund the business growth of the Bank.
After the financial year ended, the following dividend was proposed by the Directors. This dividend will be recognised in the subsequent financial year upon approval
by Bank Negara Malaysia.
TOTAL
SEN AMOUNT
PER SHARE RM000
It is also proposed, approximately 50% of the proposed final dividend totalling RM66.117 million be reinvested to subscribe for new ordinary share of RM1.00 at
RM2.90 each via the Dividend Reinvestment Plan (DRP). The proposed DRP is subject to approval by Bank Negara Malaysia.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
68
Consumer Banking Includes financing, deposits and other transactions and balances with retail customers
Corporate and Commercial Banking Includes the Groups corporate finance activities, financing, deposits and other transactions and balances with
corporate customers, commercial customers and small & medium enterprises
Treasury Division Undertakes the Groups funding activities through borrowings and investing in liquid assets such as short-term
placements and corporate and government debt securities
Information regarding the results of each reportable segment is included below. Performance is measured based on segment profit before allocation of overheads and
income tax.
CORPORATE
AND SHARE-
CONSUMER COMMERCIAL TREASURY HOLDERS
BANKING BANKING DIVISION UNIT ELIMINATION TOTAL
31 DECEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000
Profit before overheads, zakat & taxation 790,173 363,561 145,190 242,312 (11,841) 1,529,395
Operating expenses (826,644)
702,751
Share of results of associate company
Net fund based income 705,062 275,600 48,844 151,634 (11) 1,181,129
Non-fund based income 133,351 36,333 97,818 32,530 (15,521) 284,511
Profit before overheads, zakat & taxation 755,757 409,598 143,021 184,164 (15,532) 1,477,008
Operating expenses (799,376)
677,632
Share of results of associate company (349)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
70
The Banks mission with respect to risk management is to advance its risk management capabilities, culture and practices so as to be in line with internationally accepted
standards and practices.
Establish a standard approach and methodology in managing credit, market, liquidity, operational and business risks across the Bank;
Implement and use a risk management information system that meets international standards on confidentiality, integrity and its availability;
Develop and use tools, such as economic capital, value at risk, scoring models and stress testing to support the measurement of risks and enhance risk-based
decisions;
Ensure that risk policies and overall risk appetite are in line with business targets;
Ensure that the Banks capital can support current and planned business needs in terms of risk exposures.
The Bank has realigned its risk organisational responsibilities with the objective of ensuring a common view of risks across the Bank. As a matter of good business
practice and prudence, the Banks core risk management functions, which report to the Board of Directors through its Board Risk Committee (BRC), are independent
and clearly segregated from the business divisions and centralised at head office.
Shariah
BOARD COMMITTEES
Board of
Supervisory
Directors
Council
Managing
Director
MANAGEMENT COMMITTEES
Management
Committee
Recovery Operational
Management Risk Control
Committee Committee
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
72
The Bank recognises the fact that the essence of banking and financial services is centred on risk taking. The Bank therefore:
Ensure effective and integrated risk management processes that are commensurate with the size and complexity of the current and future operations of the Bank
within its risk appetite and tolerance.
The Bank has established a Risk Appetite Framework that forms an integral part of the Banks strategy and business plans. Risk appetite is an expression of the maximum
level of risk that the Bank is prepared to accept in support of a stated strategy, impacting all business from a credit, market and operational risk viewpoint.
In order to ensure that the Bank has sufficient capital to support all its business and risk taking activities, the Bank has implemented sound capital management
processes in its management systems and processes. A comprehensive capital management, also known as Internal Capital Adequacy Assessment Process (ICAAP),
has been adopted by the Bank as a key enabler for a value creation and the long term sustainability of the Bank. This comprehensive capital management includes
thorough risk assessment and risk management embedded within the risk governance structure of the Bank.
BANK CARRYING
RM000 AMOUNT F&R/(FL) FVTPL AFS HTM DERIVATIVES
31 December 2014
Financial assets
Cash, balances and placements with banks 3,269,127 3,269,127
Financial assets held-for-trading 916,539 916,539
Derivative financial assets 62,541 62,541
Financial assets available-for-sale 10,237,120 10,237,120
Financial assets held-to-maturity 60,752 60,752
Financing, advances and others 29,524,571 29,524,571
Other assets 124,902 124,902
Statutory deposits with Bank Negara Malaysia 1,335,000 1,335,000
Financial liabilities
Deposits from customers (41,021,556) (41,021,556)
Deposits and placements of banks
and other financial institutions (300,000) (300,000)
Derivative financial liabilities (32,407) (32,407)
Bills and acceptance payable (127,524) (127,524)
Other liabilities (572,599) (572,599)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
74
BANK CARRYING
RM000 AMOUNT F&R/(FL) FVTPL AFS HTM DERIVATIVES
31 December 2013
Financial assets
Cash, balances and placements with banks 3,728,658 3,728,658
Financial assets held-for-trading 1,216,895 1,216,895
Derivative financial assets 29,118 29,118
Financial assets available-for-sale 12,418,932 12,418,932
Financial assets held-to-maturity 63,327 63,327
Financing, advances and others 23,740,948 23,740,948
Other assets 39,167 39,167
Statutory deposits with Bank Negara Malaysia 1,297,100 1,297,100
Financial liabilities
Deposits from customers (37,272,452) (37,272,452)
Deposits and placements of banks
and other financial institutions (1,529,975) (1,529,975)
Derivative financial liabilities (13,565) (13,565)
Bills and acceptance payable (170,598) (170,598)
Other liabilities (476,626) (476,626)
The Groups financial instruments are not materially different from the Banks financial instruments.
Übersicht
Credit risk arises from all transactions that could lead to actual, contingent or potential claims against any party, borrower or obligor. The types of credit risks that
the Bank considers to be material includes: Default Risk, Counterparty Risk, Pre-Settlement Risk, Credit Concentration Risk, Residual/Credit Mitigation Risk, and
Migration Risk.
The management of credit risk is principally carried out by using sets of policies and guidelines approved by the BRC, guided by the Board of Directors approved
Risk Appetite Statement.
The Management Risk Control Committee (MRCC) is responsible under the authority delegated by the BRC for managing credit risk at strategic level. The MRCC
reviews the Banks credit risk frameworks and guidelines, aligns credit risk management with business strategies and planning, reviews credit profile of the credit
portfolios and recommends necessary actions to ensure that the credit risk remains within established risk tolerance levels.
The Banks credit risk management governance includes the establishment of comprehensive credit risk policies, guidelines and procedures which document the
Banks financing standards, discretionary powers for financing approval, credit risk ratings methodologies and models, acceptable collaterals and valuation, and the
review, rehabilitation and restructuring of problematic and delinquent financing.
The management of credit risk is being performed by two distinct departments within the Risk Management Division (RMD), Credit Analysis and Credit Risk
Control and two departments outside of the RMD domain, namely, Credit Administration and Credit Recovery. The combined objectives are, amongst others:
To build a high quality credit portfolio in line with the Banks overall strategy and risk appetite;
To ensure that the Bank is compensated for the risk taken, balancing/optimising the risk/return relationship;
To develop an increasing ability to recognise, measure and avoid or mitigate potential credit risk problem areas; and
The Bank monitors its credit exposures either on a portfolio or individual basis through annual reviews. Credit risk is proactively monitored through a set of early
warning signals that could trigger immediate reviews of (certain parts of) the portfolio. The affected portfolio or financing is placed on a watchlist to enforce close
monitoring and prevent financing from turning impaired and to increase chances of full recovery.
A comprehensive limit structure is in place to ensure that risks taken are within the risk appetite as set by the Board and to avoid credit risk concentration to a single
customer, sector, product, Shariah contract, etc.
Credit risk arising from dealing and investing activities are managed by the establishment of limits which include counter parties limits and permissible acquisition
of private debt securities, subject to a specified minimum rating threshold. Furthermore, the dealing and investing activities are monitored by an independent middle
office unit.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
76
The following table presents the Groups and the Banks maximum exposure to credit risk of on-balance sheet and off-balance sheet financial instruments, without
taking into account any collateral held or other credit enhancements. For on-balance sheet assets, the exposure to credit risk equals their carrying amount.
For contingent liabilities, the maximum exposure to credit risk is the maximum amount that the Group and the Bank would have to pay if the obligations of the
instruments issued are called upon. For credit commitments, the maximum exposure to credit risk is the full amount of the undrawn credit facilities granted to
customers.
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
CASH AND
SHORT-TERM
FUNDS AND
DEPOSITS AND
PLACEMENTS FINANCIAL FINANCIAL FINANCIAL ON- COMMIT-
WITH ASSETS ASSETS ASSETS FINANCING, BALANCE MENTS
FINANCIAL HELD-FOR- DERIVATIVE AVAILABLE- HELD-TO- ADVANCES SHEETS AND CONTIN-
GROUP INSTITUTIONS TRADING ASSETS FOR-SALE MATURITY AND OTHERS TOTAL GENCIES*
AS AT 31 DECEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
78
CASH AND
SHORT-TERM
FUNDS AND
DEPOSITS AND
PLACEMENTS FINANCIAL FINANCIAL FINANCIAL ON- COMMIT-
WITH ASSETS ASSETS ASSETS FINANCING, BALANCE MENTS
FINANCIAL HELD-FOR- DERIVATIVE AVAILABLE- HELD-TO- ADVANCES SHEETS AND CONTIN-
GROUP INSTITUTIONS TRADING ASSETS FOR-SALE MATURITY AND OTHERS TOTAL GENCIES*
AS AT 31 DECEMBER 2013 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
CASH AND
SHORT-TERM
FUNDS AND
DEPOSITS AND
PLACEMENTS FINANCIAL FINANCIAL FINANCIAL ON- COMMIT-
WITH ASSETS ASSETS ASSETS FINANCING, BALANCE MENTS
FINANCIAL HELD-FOR- DERIVATIVE AVAILABLE- HELD-TO- ADVANCES SHEETS AND CONTIN-
BANK INSTITUTIONS TRADING ASSETS FOR-SALE MATURITY AND OTHERS TOTAL GENCIES*
AS AT 31 DECEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
80
CASH AND
SHORT-TERM
FUNDS AND
DEPOSITS AND
PLACEMENTS FINANCIAL FINANCIAL FINANCIAL ON- COMMIT-
WITH ASSETS ASSETS ASSETS FINANCING, BALANCE MENTS
FINANCIAL HELD-FOR- DERIVATIVE AVAILABLE- HELD-TO- ADVANCES SHEETS AND CONTIN-
BANK INSTITUTIONS TRADING ASSETS FOR-SALE MATURITY AND OTHERS TOTAL GENCIES*
AS AT 31 DECEMBER 2013 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
(ii) Collateral
The main types of collateral obtained by the Group and the Bank to mitigate the credit risk are as follows:
For commercial property financing charges over the properties being financed
For other financing and advances charges over business assets such as premises, inventories, trade receivables and/or deposits
Financing for which the borrower has not missed a contractual payment (profit or principal) when contractually due and is not impaired and there is no
objective evidence of impairment
Financing for which its contractual profit or principal payments are past due, but the Group and the Bank believe that impairment is not appropriate on the
basis of the level of collateral available and/or the stage of collection amounts owed to the Group and the Bank
Impaired financing
Financing is classified as impaired when the principal or profit or both are past due for three months or more, or where a financing is in arrears for less than
three months, but the financing exhibits indications of significant credit weakness.
The table below summarises the credit quality of the Groups and the Banks gross financing according to the above classifications.
30,111,712 24,242,520
Allowance for impaired financing, advances and others
collective assessment allowance (444,388) (365,375)
individual assessment allowance (142,753) (136,197)
29,524,571 23,740,948
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
82
29,346,053 23,527,458
Excellent to Good: Sound financial position with no difficulty in meeting its obligations.
Satisfactory: Adequate safety of meeting its current obligations but more time is required to meet the entire obligation in full.
Fair: High risks on payment obligations. Financial performance may continue to deteriorate.
By ageing
Month-in-arrears 1 274,624 0.91% 294,267 1.21%
Month-in-arrears 2 146,496 0.49% 135,493 0.56%
Impaired financing
344,539 285,302
124,632 114,183
Rescheduled and restructured financings are financings that have been rescheduled or restructured due to deterioration in the borrowers financial positions
and the Bank has made concessions that it would not otherwise consider. Once the financing is rescheduled or restructured, its satisfactory performance is
monitored for a period of six months before it can be reclassified to performing.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
84
Financing, advances and others by line of business assessed by reference to the Banks internal rating system:
Note: The Groups financial assets are not materially different from the Banks financial assets.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
86
Note: The Groups financial assets are not materially different from the Banks financial assets.
Übersicht
All the Banks financial instruments are subject to the risk that market prices and rates will move, resulting in profit or losses to the Bank. Furthermore, significant
or sudden movements in rates could affect the Banks liquidity/funding position. The Bank is exposed to the following main market/liquidity risk factors:
Rate of Return or Profit Rate Risk: the potential impact on the Banks profitability caused by changes in the market rate of return, either due to general market
movements or due to issuer/borrower specific reasons;
Foreign Exchange Risk: the impact of exchange rate movements on the Banks currency positions;
Equity Investment Risk: the profitability impact on the Banks equity positions or investments caused by changes in equity prices or values;
Commodity Inventory Risk: the risk of loss due to movements in commodity prices;
Liquidity Risk: the potential inability of the Bank to meet its funding requirements at a reasonable cost (funding liquidity risk) or its inability to liquidate positions
quickly at a reasonable price (market liquidity risk).
Overview (continued)
The objective of the Banks market risk management is to manage and control market risk exposures in order to optimise return on risk while maintaining a market
risk profile consistent with the Banks approved risk appetite.
The Bank separates exposures to market risk into either trading or non-trading portfolios. Trading portfolios include those positions arising from market making,
proprietary position taking and other marked-to-market positions so designated as per the approved Trading Book Policy Statements. Non-trading portfolios primarily
arise from the Banks customer driven assets and liabilities and from the Banks investment of its surplus funds.
The management of market risk is principally carried out by using risk limits approved by the BRC, guided by the Risk Appetite Statement approved by the Board
of Directors.
The Asset and Liability Management Committee (ALCO) is responsible under the authority delegated by the BRC for managing market risk at strategic level.
All market risk exposures are managed by Treasury. The aim is to ensure that all market risks are consolidated at Treasury level, who have the necessary skills, tools,
management and governance to manage such risks professionally. Limits are set for portfolios, products and risk types, with market liquidity and credit quality being
the principal factors in determining the level of limits set.
The Market Risk Management Department (MRMD) is the independent risk control function and is responsible for ensuring efficient implementation of market risk
management policies. MRMD is also responsible for developing the Banks market risk management guidelines, measurement techniques, behavioural assumptions
and limit setting methodologies. Any excesses against the prescribed limits are reported immediately to the Senior Management. Strict escalation procedures are
well documented and approved by the BRC. In addition, the market risk exposures and limits are regularly reported to the ALCO and the BRC.
Other controls to ensure that market risk exposures remain within tolerable levels include stress testing, rigorous new product approval procedures and a list of
permissible instruments that can be traded. Stress test results are produced monthly to determine the impact of changes in profit rates, foreign exchange rates
and other risk factors on the Banks profitability, capital adequacy and liquidity. The stress test provides the Management and the BRC with an assessment of the
financial impact of identified extreme events on the market risk exposures of the Bank.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
88
The table below summarises the Groups and the Banks exposure to profit rate risk. The table indicates average profit rates at the reporting date and the periods
in which the financial instruments reprice or mature, whichever is earlier.
Assets
Cash, balances and
placements with banks 2,391,792 104,108 773,453 3,269,353 2.40
Financial assets
held-for-trading 921,629 921,629 3.80
Derivative financial assets 62,541 62,541 1.99
Financial assets
available-for-sale 56,394 124,169 1,799,758 5,396,262 2,860,080 10,236,663 4.14
Financial assets
held-to-maturity 60,752 60,752 8.44
Financing, advances
and others
non-impaired 1,048,140 1,210,137 777,261 2,318,746 24,412,889 29,767,173 6.01
impaired net of allowances* (242,602) (242,602)
Other assets 1,745,173 1,745,173
Total assets 3,496,326 1,438,414 2,577,019 7,715,008 27,333,721 2,276,024 984,170 45,820,682
* This is arrived at after deducting collective assessment allowance and individual assessment allowance from the outstanding gross impaired financing.
Liabilities
Deposits from customers 18,070,797 4,317,866 2,852,504 55,698 15,713,467 41,010,332 2.19
Deposits and placements
of banks and other
financial institutions 200,000 100,000 300,000 2.99
Derivative financial liabilities 32,407 32,407 1.03
Bills and acceptance payable 127,524 127,524
Other liabilities 620,829 620,829
Equity
Equity attributable to
equity holder of the Bank 3,729,590 3,729,590
On-balance sheet
profit sensitivity gap (14,774,471) (2,979,452) (275,485) 7,659,310 27,333,721 (17,915,386) 951,763
Off-balance sheet
profit sensitivity gap
(profit rate swaps) 300,000 300,000 (600,000)
Total profit sensitivity gap (14,474,471) (2,679,452) (275,485) 7,059,310 27,333,721 (17,915,386) 951,763
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
90
Assets
Cash, balances and
placements with banks 2,984,281 130,491 18 616,133 3,730,923 2.26
Financial assets
held-for-trading 1,216,895 1,216,895 2.51
Derivative financial assets 29,118 29,118 1.04
Financial assets
available-for-sale 291,837 978,243 1,979,158 5,727,754 3,439,929 12,416,921 3.96
Financial assets
held-to-maturity 63,327 63,327 9.06
Financing, advances
and others
non-impaired 1,014,025 1,125,266 580,605 2,130,053 19,107,269 23,957,218 6.25
impaired net of allowances* (216,270) (216,270)
Other assets 1,613,239 1,613,239
Total assets 4,290,143 2,234,000 2,559,781 7,857,807 22,610,525 2,013,102 1,246,013 42,811,371
* This is arrived at after deducting collective assessment allowance and individual assessment allowance from the outstanding gross impaired financing.
Liabilities
Deposits from customers 17,553,433 2,771,729 2,093,107 175,956 154 14,650,623 37,245,002 2.16
Deposits and placements
of banks and other
financial institutions 1,314,564 151,538 63,873 1,529,975 2.20
Derivative financial liabilities 13,565 13,565 0.48
Bills and acceptance payable 20,421 4,855 145,322 170,598 3.45
Other liabilities 525,396 525,396
Total liabilities 18,888,418 2,928,122 2,156,980 175,956 154 15,321,341 13,565 39,484,536
Equity
Equity attributable to
equity holder of the Bank 3,326,835 3,326,835
On-balance sheet
profit sensitivity gap (14,598,275) (694,122) 402,801 7,681,851 22,610,371 (16,635,074) 1,232,448
Off-balance sheet
profit sensitivity gap
(profit rate swaps) 400,000 600,000 (100,000) (500,000) (400,000)
Total profit sensitivity gap (14,198,275) (94,122) 302,801 7,181,851 22,210,371 (16,635,074) 1,232,448
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
92
Assets
Cash, balances and
placements with banks 2,391,747 104,108 773,272 3,269,127 2.40
Financial assets
held-for-trading 916,539 916,539 3.80
Derivative financial assets 62,541 62,541 1.99
Financial assets
available-for-sale 56,851 124,169 1,799,758 5,396,262 2,860,080 10,237,120 4.14
Financial assets
held-to-maturity 60,752 60,752 8.44
Financing, advances
and others
non-impaired 1,048,140 1,210,137 777,261 2,318,746 24,412,889 29,767,173 6.01
impaired net of allowances* (242,602) (242,602)
Other assets 1,758,637 1,758,637
Total assets 3,496,738 1,438,414 2,577,019 7,715,008 27,333,721 2,289,307 979,080 45,829,287
* This is arrived at after deducting collective assessment allowance and individual assessment allowance from the outstanding gross impaired financing.
Liabilities
Deposits from customers 18,076,815 4,317,866 2,853,054 55,698 15,718,123 41,021,556 2.19
Deposits and placements
of banks and other
financial institutions 200,000 100,000 300,000 2.99
Derivative financial liabilities 32,407 32,407 1.03
Bills and acceptance payable 127,524 127,524
Other liabilities 617,172 617,172
Equity
Equity attributable to
equity holders of the Bank 3,730,628 3,730,628
On-balance sheet
profit sensitivity gap (14,780,077) (2,979,452) (276,035) 7,659,310 27,333,721 (17,904,140) 946,673
Off-balance sheet
profit sensitivity gap
(profit rate swaps) 300,000 300,000 (600,000)
Total profit sensitivity gap (14,480,077) (2,679,452) (276,035) 7,059,310 27,333,721 (17,904,140) 946,673
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
94
Assets
Cash, balances and
placements with banks 2,984,201 130,491 18 613,948 3,728,658 2.26
Financial assets
held-for-trading 1,216,895 1,216,895 2.51
Derivative financial assets 29,118 29,118 1.04
Financial assets
available-for-sale 293,848 978,243 1,979,158 5,727,754 3,439,929 12,418,932 3.96
Financial assets
held-to-maturity 63,327 63,327 9.06
Financing, advances
and others
non-impaired 1,014,025 1,125,266 580,605 2,130,053 19,107,269 23,957,218 6.25
impaired net of allowances* (216,270) (216,270)
Other assets 1,638,653 1,638,653
Total assets 4,292,074 2,234,000 2,559,781 7,857,807 22,610,525 2,036,331 1,246,013 42,836,531
* This is arrived at after deducting collective assessment allowance and individual assessment allowance from the outstanding gross impaired financing.
Liabilities
Deposits from customers 17,576,776 2,771,929 2,093,657 175,956 154 14,653,980 37,272,452 2.16
Deposits and placements
of banks and other
financial institutions 1,314,564 151,538 63,873 1,529,975 2.20
Derivative financial liabilities 13,565 13,565 0.48
Bills and acceptance payable 20,421 4,855 145,322 170,598 3.45
Other liabilities 520,567 520,567
Total liabilities 18,911,761 2,928,322 2,157,530 175,956 154 15,319,869 13,565 39,507,157
Equity
Equity attributable to
equity holders of the Bank 3,329,374 3,329,374
On-balance sheet
profit sensitivity gap (14,619,687) (694,322) 402,251 7,681,851 22,610,371 (16,612,912) 1,232,448
Off-balance sheet
profit sensitivity gap
(profit rate swaps) 400,000 600,000 (100,000) (500,000) (400,000)
Total profit sensitivity gap (14,219,687) (94,322) 302,251 7,181,851 22,210,371 (16,612,912) 1,232,448
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
96
Profit rate risk in the non-trading portfolio is managed and controlled using measurement tools known as economic value of equity (EVE) and earnings-at-risk
(EaR). EVE and EaR limits are approved by the BRC and independently monitored by the MRMD. Exposures and limits are regularly discussed and reported
to the ALCO and the BRC.
The Bank manages market risk in non-trading portfolios by monitoring the sensitivity of projected EaR and EVE under varying profit rate scenarios (simulation
modeling). For simulation modeling, a combination of standard scenarios and non-standard scenarios relevant to the local market are used. The standard
scenarios monitored monthly include a 100 and 200 basis points parallel fall or rise in the profit rate yield curve and historical simulation of past events. The
scenarios assume no management action. Hence, they do not incorporate actions that would be taken by Treasury to mitigate the impact of the profit rate risk.
In reality, depending on the view on future market movements, Treasury would proactively seek to change the profit rate exposure profile to minimise losses and
to optimise net revenues. The nature of the hedging and risk mitigation strategies corresponds to the market instruments available. These strategies range from
the use of derivative financial instruments, such as profit rate swaps, to more intricate hedging strategies to address inordinate profit rate risk exposures.
The table below shows the projected sensitivity to a 100 basis points parallel shift to profit rates across all maturities applied on the Groups and Banks profit
rate sensitivity gap as at reporting date.
2014 2013
-100bps +100bps -100bps +100bps
INCREASE/(DECREASE)
RM MILLION RM MILLION RM MILLION RM MILLION
BANK
Impact on EaR (22.45) 22.45 (51.45) 51.45
Impact on EVE (397.43) 397.43 (521.44) 521.44
Note: EVE and EaR as at 31 December 2013 were reinstated in line with the change in methodology from behavioural method to BNM contractual method as
approved by Special BRC 01/2014 on 30 June 2014.
Other controls to contain profit rate risk in the non-trading portfolio include stress testing and applying sensitivity limits to the available-for-sale financial assets.
Sensitivity is measured by the present value of a 1 basis point change (PV01) and is independently monitored by the MRMD on a daily basis against limits
approved by the BRC. PV01 exposures and limits are regularly discussed and reported to the ALCO and the BRC.
Market risk in the trading portfolio is monitored and controlled using Value-at-Risk (VaR). VaR limit is approved by the BRC and independently monitored
daily by the MRMD. Exposures and limits are regularly discussed and reported to the ALCO and the BRC.
Value-at-Risk
VaR is a technique that estimates the potential losses that could occur on risk positions as a result of movements in market rates and prices over a specified
time horizon and to a given level of confidence. The VaR models used by the Bank are based on historical simulation. These models derive plausible future
scenarios from past series of recorded market rates and prices, taking into account inter-relationships between different markets and rates such as profit rates
and foreign exchange rates. The historical simulation models used by the Bank incorporate the following features:
Potential market movements are calculated with reference to data from the past four years;
Historical market rates and prices are calculated with reference to foreign exchange rates and profit rates;
VaR is calculated using a 99 per cent confidence level and for a one-day holding period. The nature of the VaR model means that an increase in observed
market volatility will lead to an increase in VaR without any changes in the underlying positions; and
Statistically, the Bank would expect to see losses in excess of VaR only 1 per cent of the time over a one-year period. The actual number of excesses over this
period can therefore be used to gauge how well the models are performing.
A summary of the VaR position of the Banks trading portfolios at the reporting date is as follows:
AS AT 1.1.2014 TO 31.12.2014
31.12.2014 AVERAGE MAXIMUM MINIMUM
RM MILLION RM MILLION RM MILLION RM MILLION
AS AT 1.1.2013 TO 31.12.2013
31.12.2013 AVERAGE MAXIMUM MINIMUM
RM MILLION RM MILLION RM MILLION RM MILLION
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
98
Value-at-Risk (continued)
Although a valuable guide to risk, VaR should always be viewed in the context of its limitations. For example:
The use of historical data as a proxy for estimating future events may not encompass all potential events, particularly those which are extreme in nature;
The use of a 1-day holding period assumes that all positions can be liquidated or hedged in one day. This may not fully reflect the market risk arising at
times of severe illiquidity, when a 1-day holding period may be insufficient to liquidate or hedge all positions fully;
The use of a 99 per cent confidence level, by definition, does not take into account losses that might occur beyond this level of confidence;
VaR is calculated on the basis of exposures outstanding at the close of business and therefore does not necessarily reflect intra-day exposures; and
VaR is unlikely to reflect the loss potential on exposures that might arise under significant market movements.
The Bank recognises these limitations by augmenting the VaR limits with other limits such as maximum loss limits, position limits and PV01 limits. These
limits are approved by the BRC and independently monitored daily by the MRMD. Exposures and limits are regularly discussed and reported to the ALCO and
the BRC.
Other controls to contain market risk at an acceptable level are through stress testing, rigorous new product approval processes and a list of permissible
instruments to be traded. Stress tests are produced monthly to determine the impact of changes in profit rates, foreign exchange rates and other main economic
indicators on the Groups and the Banks profitability, capital adequacy and liquidity. The stress-testing provides the Management and the BRC with an
assessment of the financial impact of identified extreme events on the market risk exposures of the Bank.
Trading positions
In addition to VaR and stress-testing, the Bank controls the foreign exchange risk within the trading portfolio by limiting the open exposure to individual
currencies, and on an aggregate basis.
The Bank controls the overall foreign exchange risk by limiting the open exposure to non-Ringgit positions on an aggregate basis.
Foreign exchange limits are approved by the BRC and independently monitored daily by the MRMD. Exposures and limits are regularly discussed and reported
to the ALCO and the BRC.
Sensitivity Analysis
Considering that other risk variables remain constant, the foreign currency revaluation sensitivity for the Group and Bank as at reporting date is summarised as
follows (only exposures in currencies that account for more than 5 percent of the net open positions are shown in its specific currency in the table below. For
other currencies, these exposures are grouped as Others):
2014 2013
-1% +1% -1% +1%
DEPRECIATION APPRECIATION DEPRECIATION APPRECIATION
RM000 RM000 RM000 RM000
Übersicht
Liquidity risk is the risk that the Bank does not have sufficient financial resources to meet its obligations when they fall due, or might have to fund these obligations
at excessive cost. This risk can arise from mismatches in the timing of cash flows. Funding risk arises when the necessary liquidity to fund illiquid asset positions
cannot be obtained at the expected terms when required.
The Bank maintains a diversified and stable funding base comprising core retail, commercial, corporate customer deposits and institutional balances. This is
augmented by wholesale funding and portfolios of highly liquid assets.
The objective of the Banks liquidity and funding management is to ensure that all foreseeable funding commitments and deposit withdrawals can be met when due
and that wholesale market access remains accessible and cost effective.
Current accounts and savings deposits payable on demand or at short notice form a significant part of the Banks funding, and the Bank places considerable
importance on maintaining their stability. For deposits, stability depends upon preserving depositor confidence in the Bank and the Banks capital strength and
liquidity, and on competitive and transparent pricing.
The management of liquidity and funding is primarily carried out in accordance with the Bank Negara Malaysia Liquidity Framework and practices and limits and
triggers approved by the BRC and the ALCO. These limits and triggers vary to take account of the depth and liquidity of the local market in which the Bank operates.
The Bank maintains a strong liquidity position and manages the liquidity profile of its assets, liabilities and commitments to ensure that cash flows are appropriately
balanced and all obligations are met when due.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
100
Overview (continued)
Daily projection of cash flows and ensuring that the Bank has sufficient liquidity surplus and reserves to sustain a sudden liquidity shock;
Projecting cash flows and considering the level of liquid assets necessary in relation thereto;
Monitoring depositor concentration in order to avoid undue reliance on large individual depositors and ensure a satisfactory overall funding mix; and
Managing the maturities and diversifying funding liabilities across products and counterparties.
The management of liquidity and funding risk is principally undertaken using risk limit mandates approved by the BRC and management action triggers assigned
by the ALCO.
The ALCO is responsible under the authority delegated by the BRC for managing liquidity and funding risk at strategic level.
All liquidity risk exposures are managed by Treasury. The aim is to ensure that liquidity and funding risks are consolidated at Treasury level, who have the necessary
skills, tools, management and governance to manage such risks professionally. Limits and triggers are set to meet the following objectives:
Maintaining sufficient liquidity surplus and reserves to sustain a sudden liquidity shock;
Ensuring that cash flows are relatively diversified across all maturities;
Ensuring that the deposit base is not overly concentrated to a relatively small number of depositors;
Maintaining sufficient borrowing capacity in the Interbank market and highly liquid financial assets to back it up; and
The MRMD is the independent risk control function and is responsible for ensuring efficient implementation of liquidity and funding risk management policies.
The MRMD is also responsible for developing the Banks liquidity and funding risk management guidelines, measurement techniques, behavioural assumptions and
limit setting methodologies. Any excesses against the prescribed limits and triggers are reported immediately to the Senior Management. Strict escalation procedures
are documented and approved by the BRC, with proper authorities to ratify or approve the excess. In addition, the market risk exposures and limits are regularly
reported to the ALCO and the BRC.
Another control to ensure that liquidity and funding risk exposures remain within tolerable level is stress testing. Stress testing and scenario analysis are important
tools in the Banks liquidity management framework. Stress test results are produced monthly to determine the impact of a sudden liquidity shock. The stress-testing
provides the Management and the BRC with an assessment of the financial impact of identified extreme events on the liquidity and funding risk exposures of the
Bank.
A final key control feature of the Banks liquidity and funding risk management are the approved and documented liquidity and funding contingency plans. These
plans identify early indicators of stress conditions and describe actions to be taken in the event of difficulties arising from systemic or other crises while minimising
adverse long-term implications to the Bank.
Maturity analysis
The table below summarises the Groups and Banks assets and liabilities based on remaining contractual maturities.
Assets
Cash, balances and placements with banks 773,453 2,391,792 104,108 3,269,353
Securities portfolio 490,709 259,457 730,579 1,229,869 8,508,430 11,219,044
Derivatives financial assets 4,323 8,250 26,970 6,328 16,670 62,541
Financing and advances 1,048,140 1,210,137 509,343 267,918 26,489,033 29,524,571
Other assets 1,745,173 1,745,173
Liabilities
Deposits from customers 15,713,467 18,070,797 4,317,866 1,860,673 991,831 55,698 41,010,332
Deposits and placements of banks
and other financial institutions 200,000 100,000 300,000
Derivative financial liabilities 2,108 17,720 4,310 4,985 3,284 32,407
Other liabilities 748,353 748,353
Equity
Equity attributable to equity holders of the Bank 3,729,590 3,729,590
On Balance Sheet Net liquidity gap (14,940,014) (14,337,941) (2,853,634) (598,091) 507,299 32,222,381
Commitments and contingencies 2,410,036 1,676,783 1,434,560 1,434,375 2,372,617 2,807,596 12,135,967
Net liquidity gap (17,350,050) (16,014,724) (4,288,194) (2,032,466) (1,865,318) 29,414,785 (12,135,967)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
102
Assets
Cash, balances and placements with banks 616,133 2,984,281 130,491 13 5 3,730,923
Securities portfolio 291,837 1,338,465 967,987 1,342,489 9,756,365 13,697,143
Derivatives financial assets 8,374 3,828 (200) (259) 17,375 29,118
Financing and advances 1,014,025 1,125,266 224,711 355,894 21,021,052 23,740,948
Other assets 1,613,239 1,613,239
Liabilities
Deposits from customers 14,650,623 17,553,433 2,771,729 1,531,244 561,863 176,110 37,245,002
Deposits and placements of banks
and other financial institutions 1,314,564 151,538 32,755 31,118 1,529,975
Derivative financial liabilities 6,915 4,368 91 24 2,167 13,565
Other liabilities 695,994 695,994
Equity
Equity attributable to equity holders of the Bank 3,326,835 3,326,835
On Balance Sheet Net liquidity gap (14,034,490) (14,576,395) (329,585) (371,579) 1,105,124 28,206,925
Commitments and contingencies 2,186,831 2,011,842 1,358,059 873,122 1,898,539 2,883,287 11,211,680
Net liquidity gap (16,221,321) (16,588,237) (1,687,644) (1,244,701) (793,415) 25,323,638 (11,211,680)
Assets
Cash, balances and placements with banks 773,272 2,391,747 104,108 3,269,127
Securities portfolio 486,076 259,457 730,579 1,229,869 8,508,430 11,214,411
Derivatives financial assets 4,323 8,250 26,970 6,328 16,670 62,541
Financing and advances 1,048,140 1,210,137 509,343 267,918 26,489,033 29,524,571
Other assets 1,758,637 1,758,637
Liabilities
Deposits from customers 15,718,123 18,076,815 4,317,866 1,860,673 992,381 55,698 41,021,556
Deposits and placements of banks
and other financial institutions 200,000 100,000 300,000
Derivative financial liabilities 2,108 17,720 4,310 4,985 3,284 32,407
Other liabilities 744,696 744,696
Equity
Equity attributable to equity holders of the Bank 3,730,628 3,730,628
On Balance Sheet Net liquidity gap (14,944,851) (14,348,637) (2,853,634) (598,091) 506,749 32,238,464
Commitments and contingencies 2,410,036 1,676,783 1,434,560 1,434,375 2,372,617 2,807,596 12,135,967
Net liquidity gap (17,354,887) (16,025,420) (4,288,194) (2,032,466) (1,865,868) 29,430,868 (12,135,967)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
104
Assets
Cash, balances and placements with banks 613,948 2,984,201 130,491 13 5 3,728,658
Securities portfolio 293,848 1,338,465 967,987 1,342,489 9,756,365 13,699,154
Derivatives financial assets 8,374 3,828 (200) (259) 17,375 29,118
Financing and advances 1,014,025 1,125,266 224,711 355,894 21,021,052 23,740,948
Other assets 1,638,653 1,638,653
Liabilities
Deposits from customers 14,653,980 17,576,776 2,771,929 1,531,244 562,413 176,110 37,272,452
Deposits and placements of banks
and other financial institutions 1,314,564 151,538 32,755 31,118 1,529,975
Derivative financial liabilities 6,915 4,368 91 24 2,167 13,565
Other liabilities 691,165 691,165
Equity
Equity attributable to equity holders of the Bank 3,329,374 3,329,374
On Balance Sheet Net liquidity gap (14,040,032) (14,597,807) (329,785) (371,579) 1,104,574 28,234,629
Commitments and contingencies 2,186,831 2,011,842 1,358,059 873,122 1,898,539 2,883,287 11,211,680
Net liquidity gap (16,226,863) (16,609,649) (1,687,844) (1,244,701) (793,965) 25,351,342 (11,211,680)
The table below present the cash flows payable by the Bank under financial liabilities by remaining contractual maturities at the end of the reporting period.
The amounts disclosed in the table are the contractual undiscounted cash flows:
Financial Liabilities
Deposit from customers 33,747,231 4,287,385 1,939,086 1,020,742 59,025 41,053,469
Deposit from placements of banks
and other financial institutions 200,425 100,409 300,834
Derivatives financial liabilities 4,925 18,202 4,310 4,985 15 32,437
The Groups figures are not materially different from the Banks figures.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
106
Financial Liabilities
Deposit from customers 32,200,635 2,789,081 1,568,999 590,880 164,023 37,313,618
Deposit from placements of banks
and other financial institutions 1,315,794 152,164 32,875 31,254 1,532,087
Derivatives financial liabilities 6,919 4,332 93 (43) 2,756 14,057
The Groups figures are not materially different from the Banks figures.
Übersicht
Operational Risk (OR) is defined as the risk of loss arising from inadequate or failed internal processes, people and systems and external events, which includes
legal risk and shariah compliance risk but excludes strategic and reputational risk.
Bank Islam recognises and emphasises the importance of operational risk management (ORM) and manages this risk through a control-based environment where
processes are documented, authorisation is independent, transactions are reconciled and monitored and business activities are carried out within the established
OR policies, guidelines, procedures and limits.
The Banks overall governance approach in managing OR is premised on the Three Lines of Defence Approach:
(a) 1st line of defence the risk owner or risk taking unit i.e. Business or Support Unit is accountable for putting in place a robust control environment within their
respective units. They are responsible for the day to day management of OR. To reinforce accountability and ownership of risk and control, a Risk Controller for
each risk taking unit is appointed to assist in driving the risk and control programme for the Bank.
(b) 2nd line of defence The Operational Risk Management Department (ORMD) is responsible for establishing and maintaining the ORM Framework,
developing various ORM tools to facilitate the management of OR, monitoring the effectiveness of ORM, assessing OR issues from the risk owner and escalating
OR issues to the relevant governance level with recommendations on appropriate risk mitigation strategies. In creating a strong risk culture, ORMD is also
responsible to promote risk awareness across the Bank.
Both Shariah Risk Management (SRM) and Compliance Division complement the role of ORM as the second line of defence. SRM is responsible for managing
the Shariah compliance risk (SCR) by establishing & maintaining appropriate SRM guidelines, facilitating the process of identifying, assessing, controlling &
monitoring SCR and promoting SCR awareness.
Compliance Division is responsible for ensuring effective oversight on compliance-related risks such as regulatory compliance risk, compliance risk as well
as money laundering and terrorism financing risks through proper classification of risks and developing, reviewing and enhancing compliance-related training
programmes as well as conducting training that promotes awareness creation.
(c) 3rd line of defence Internal Audit provides independent assurance to the Board and senior management on the effectiveness of the ORM process.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
108
Quoted and observable market prices where available, are used as the measure of fair values. Where such quoted and observable market prices are not available, fair
values are estimated based on a range of methodologies and assumptions regarding risk characteristics of various financial instruments, discount rates, estimates of
future cash flows and other factors. Changes in the assumptions could materially affect these estimates and the corresponding fair values.
Fair value information for non-financial assets and liabilities such as investments in subsidiaries and taxation are excluded, as they do not fall within the scope of
MFRS 7, Financial Instruments: Disclosure and Presentation which requires the fair value information to be disclosed.
The fair values are based on the following methodologies and assumptions:
For deposits and placements with financial instruments with maturities of less than six months, the carrying value is a reasonable estimate of fair values. For deposits
and placements with maturities six months and above, the estimated fair values are based on discounted cash flows using prevailing money market profit rates at which
similar deposits and placements would be made with financial instruments of similar credit risk and remaining period to maturity.
The estimated fair values are generally based on quoted and observable market prices. Where there is no ready market in certain securities, fair values have been
estimated by reference to market indicative yields or net tangible asset backing of the investee.
The fair values are estimated by discounting the estimated future cash flows using the prevailing market rates of financing with similar credit risks and maturities. The
fair values are represented by their carrying value, net of impairment loss, being the recoverable amount.
The fair values of deposits are deemed to approximate their carrying amounts as rate of returns are determined at the end of their holding periods based on the profit
generated from the assets invested.
The estimated fair values of deposits and placements of banks and other financial institutions with maturities of less than six months approximate the carrying values.
For deposits and placements with maturities of six months or more, the fair values are estimated based on discounted cash flows using prevailing money market profit
rates for deposits and placements with similar remaining period to maturities.
The estimated fair values of bills and acceptance payables with maturity of less than six months approximate their carrying values. For bills and acceptance payable with
maturities of six months or more, the fair values are estimated based on discounted cash flows using prevailing market rates for borrowings with similar risks profile.
MFRS 7 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs
reflect market data obtained from independent sources and unobservable inputs reflect the Groups market assumptions. The fair value hierarchy is as follows:
Level 1 Quoted price (unadjusted) in active markets for the identical assets or liabilities. This level includes listed equity securities and debt instruments.
Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived
from prices). This level includes profit rates swap and structured debt. The sources of input parameters include Bank Negara Malaysia (BNM) indicative yields or
counterparty credit risk.
Level 3 Inputs for asset or liability that are not based on observable market data (unobservable inputs). This level includes equity instruments and debt instruments
with significant unobservable components.
The table below analyses financial instruments carried at fair value and those not carried at fair value for which fair value is disclosed, together with their fair values and
carrying amounts shown in the statement of financial position. The table does not include those short term/on demand financials assets and financial liabilities where
the carrying amounts are reasonable approximation of their fair values.
FAIR VALUE
OF FINANCIAL
INSTRUMENTS
NOT
GROUP FAIR VALUE OF FINANCIAL INSTRUMENTS CARRIED AT
31 DECEMBER 2014 CARRIED AT FAIR VALUE FAIR VALUE TOTAL CARRYING
RM000 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL LEVEL 3 FAIR VALUE AMOUNT
Financial assets
Financial assets held-for-trading 921,629 921,629 921,629 921,629
Derivative financial assets 62,541 62,541 62,541 62,541
Financial assets available-for-sale 10,199,977 4,620 10,204,597 32,066 10,236,663 10,236,663
Financial assets held-to-maturity 60,752 60,752 60,752
Financing, advances and others 29,527,807 29,527,807 29,524,571
Financial liabilities
Derivative financial liabilities 32,407 32,407 32,407 32,407
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
110
FAIR VALUE
OF FINANCIAL
INSTRUMENTS
NOT
GROUP FAIR VALUE OF FINANCIAL INSTRUMENTS CARRIED AT
31 DECEMBER 2013 CARRIED AT FAIR VALUE FAIR VALUE TOTAL CARRYING
RM000 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL LEVEL 3 FAIR VALUE AMOUNT
Financial assets
Financial assets held-for-trading 1,216,895 1,216,895 1,216,895 1,216,895
Derivative financial assets 29,118 29,118 29,118 29,118
Financial assets available-for-sale 12,379,831 4,620 12,384,451 32,470 12,416,921 12,416,921
Financial assets held-to-maturity 85,318 85,318 63,327
Financing, advances and others 24,040,733 24,040,733 23,740,948
Financial liabilities
Derivative financial liabilities 13,565 13,565 13,565 13,565
FAIR VALUE
OF FINANCIAL
INSTRUMENTS
NOT
BANK FAIR VALUE OF FINANCIAL INSTRUMENTS CARRIED AT
31 DECEMBER 2014 CARRIED AT FAIR VALUE FAIR VALUE TOTAL CARRYING
RM000 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL LEVEL 3 FAIR VALUE AMOUNT
Financial assets
Financial assets held-for-trading 916,539 916,539 916,539 916,539
Derivative financial assets 62,541 62,541 62,541 62,541
Financial assets available-for-sale 10,200,434 4,620 10,205,054 32,066 10,237,120 10,237,120
Financial assets held-to-maturity 60,752 60,752 60,752
Financing, advances and others 29,527,807 29,527,807 29,524,571
Financial liabilities
Derivative financial liabilities 32,407 32,407 32,407 32,407
FAIR VALUE
OF FINANCIAL
INSTRUMENTS
NOT
BANK FAIR VALUE OF FINANCIAL INSTRUMENTS CARRIED AT
31 DECEMBER 2013 CARRIED AT FAIR VALUE FAIR VALUE TOTAL CARRYING
RM000 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL LEVEL 3 FAIR VALUE AMOUNT
Financial assets
Financial assets held-for-trading 1,216,895 1,216,895 1,216,895 1,216,895
Derivative financial assets 29,118 29,118 29,118 29,118
Financial assets available-for-sale 12,379,831 4,620 12,384,451 34,481 12,418,932 12,418,932
Financial assets held-to-maturity 85,318 85,318 63,327
Financing, advances and others 24,040,733 24,040,733 23,740,948
Financial liabilities
Derivative financial liabilities 13,565 13,565 13,565 13,565
The following table presents the changes in Level 3 instruments for the financial year ended 31 December 2014 for the Group and the Bank:
2014 2013
RM000 RM000
The following tables show the valuation techniques used in the determination of fair values within Level 3, as well as the key unobservable inputs used in the valuation
models.
INTER-RELATIONSHIP
BETWEEN SIGNIFICANT
SIGNIFICANT UNOBSERVABLE UNOBSERVABLE INPUTS AND
TYPE VALUATION TECHNIQUE INPUTS FAIR VALUE MEASUREMENT
Financial assets available-for-sale Valued at cost less impairment Not applicable Not applicable
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
112
The following methods and assumptions are used to estimate the fair values of the following classes of financial instruments:
The fair values of securities that are actively traded is determined by quoted bid prices. For non-actively traded securities, the fair values are valued at cost less
impairment or estimated using discounted cash flows analysis. Where discounted cash flows technique is used, the estimated future cash flows are discounted
using applicable prevailing market or indicative rates of similar instruments at the reporting date.
The fair values of variable rate financing are estimated to approximate their carrying values. For fixed rate financing, the fair values are estimated based on
expected future cash flows of contractual instalment payments, discounted at applicable and prevailing rates at reporting date offered for similar facilities to
new borrowers with similar credit profiles. In respect of impaired financing, the fair values are deemed to approximate the carrying values which are net of
impairment allowances.
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Included in the above are lease rentals with the ultimate holding corporation amounting to RM423,588,000 (2013: RM443,181,000)
68,078 79,343
31 December 2014
POSITIVE
FAIR VALUE
OF CREDIT RISK
PRINCIPAL DERIVATIVE EQUIVALENT WEIGHTED
AMOUNT CONTRACTS AMOUNT ASSET
NATURE OF ITEM RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
114
31 December 2013
POSITIVE
FAIR VALUE
OF CREDIT RISK
PRINCIPAL DERIVATIVE EQUIVALENT WEIGHTED
AMOUNT CONTRACTS AMOUNT ASSET
NATURE OF ITEM RM000 RM000 RM000 RM000
The capital adequacy ratios of the Group and the Bank are set out below:
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
Common Equity Tier I (CET I) Capital Ratio 12.240% 12.964% 12.201% 12.876%
Total Capital Ratio 13.355% 14.056% 13.316% 13.969%
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
^ Collective assessment allowance on non-impaired financing subject to maximum of 1.25% of total credit risk-weighted assets.
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
116
For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or
exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control
or common significant influence. Related parties may be individuals or other entities.
The Group has a related party relationship with its subsidiaries (see note 13) and substantial shareholders of the holding company.
(a) The significant related party transactions of the Group and the Bank, other than key management personnel compensation, are as follows:
GROUP BANK
TRANSACTIONS TRANSACTIONS
AMOUNT FOR AMOUNT FOR
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Holding company
Profit attributable on deposits placed 3,220 3,056 3,220 3,056
Office rental received 929 845 929 845
Others 20 17 20 17
Subsidiaries
Fees and commission received 7,798 7,383
Fees and commission paid 1,853 1,181
Dividend 800 6,400
Profit attributable on deposits placed 512 838
Office rental received 325
Finance cost 11
Others 1,064 556
(a) The significant related party transactions of the Group and the Bank, other than key management personnel compensation, are as follows (continued):
GROUP BANK
TRANSACTIONS TRANSACTIONS
AMOUNT FOR AMOUNT FOR
2014 2013 2014 2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
118
(b) The significant outstanding balances of the Group and the Bank with related party, are as follows:
GROUP BANK
NET BALANCE NET BALANCE
OUTSTANDING AS AT OUTSTANDING AS AT
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Amount due to
Demand and investment deposits 2,639,396 4,308,191 2,639,396 4,308,191
Profit payable to investment deposit 3,347 1,851 3,347 1,851
Commitment and contingencies 187 127 187 127
Holding company
Amount due to
Demand and investment deposits 123,834 147,106 123,834 147,106
Profit payable to investment deposit 472 86 472 86
Subsidiaries
Amount due to
Demand and investment deposits 11,224 27,450
Others 178 177
Amount due to
Demand and investment deposits 830,437 374,433 830,437 374,433
Profit payable to investment deposit 808 250 808 250
Commitment and contingencies 5,299 7,360 5,299 7,360
(b) The significant outstanding balances of the Group and the Bank with related party, are as follows (continued):
GROUP BANK
NET BALANCE NET BALANCE
OUTSTANDING AS AT OUTSTANDING AS AT
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Amount due to
Demand and investment deposits 539 702 539 702
% of outstanding credit exposures to connected parties as a proportion of total credit exposures 5.39% 4.99%
% of outstanding credit exposures with connected parties which is non-performing or in default 0.002% 0.001%
The above disclosure on Credit Transaction and Exposures with Connected Parties is presented in accordance with Para 9.1 of Bank Negara Malaysias Revised
Guidelines on Credit Transaction and Exposures with Connected Parties.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
120
PILLAR 3 DISCLOSURE
as at 31 December 2014
OVERVIEW
The Pillar 3 Disclosure for financial year ended 31 December 2014 for Bank Islam (the Bank) and its subsidiaries (the Group) complies with Bank Negara Malaysias
(BNM) Capital Adequacy Framework for Islamic Banks (CAFIB) Disclosure Requirements (Pillar 3), which sets out the minimum disclosure standards, the approach
in determining the appropriateness of information disclosed and the internal controls over the disclosure process which cover the verification and review of the accuracy of
information disclosed.
(a) Pillar 1 sets minimum regulatory capital to cover credit, market and operational risk;
(b) Pillar 2 aims to ensure that Islamic banking institutions have adequate capital to support their operations at all times; and
(c) Pillar 3 aims to enhance transparency by setting the minimum requirements for market disclosures of information on the risk management practices and capital adequacy
of Islamic banks.
The Group has adopted the Standardised Approach in determining the capital requirements for credit and market risk and has applied the Basic Indicator Approach (BIA)
for operational risk under Pillar 1 since January 2008. Under the Standardised Approach, standard risk weights are used to assess the capital requirements for exposures in
credit and market risk whilst the capital required for operational risk under the Basic Indicator Approach is computed based on a fixed percentage over the Groups average
gross income for a fixed number of quarterly periods.
In compliance with the Pillar 3 Guideline, the Pillar 3 report for the Group is being regularly prepared for two periods: 30 June and 31 December. The Groups Pillar 3 report
will be made available under the Corporate Info section of the Banks website at www.bankislam.com.my, attached to its annual and the half-yearly financial reports after the
notes to the financial statements.
The Group has also developed an Internal Capital Adequacy Assessment Process (ICAAP) framework which closely integrates the risk and capital assessment processes, and
ensures that adequate levels of capital are maintained to support the Groups current and projected demand for capital under expected and stressed conditions. The ICAAP
was adopted in 2012 and has been fully implemented in year 2013.
The Groups main activity is Islamic banking business which focuses on retail banking and financing operations. The following tables show the minimum regulatory capital
requirement to support the Groups and the Banks risk weighted assets.
31.12.2014 31.12.2013
MINIMUM MINIMUM
RISK- CAPITAL RISK- CAPITAL
WEIGHTED REQUIREMENT WEIGHTED REQUIREMENT
ASSETS AT 8% ASSETS AT 8%
GROUP RM000 RM000 RM000 RM000
OVERVIEW (continued)
31.12.2014 31.12.2013
MINIMUM MINIMUM
RISK- CAPITAL RISK- CAPITAL
WEIGHTED REQUIREMENT WEIGHTED REQUIREMENT
ASSETS AT 8% ASSETS AT 8%
BANK RM000 RM000 RM000 RM000
The Group does not have any capital requirement for Large Exposure Risk as there is no amount in excess of the lowest threshold arising from equity holdings as specified in
the BNMs CAFIB.
1. SCOPE OF APPLICATION
The Pillar 3 Disclosure is prepared on a consolidated basis and comprises information on the Bank (including the offshore banking operations in the Federal Territory of
Labuan) and its subsidiaries.
There are no significant restrictions or impediments on the transfer of funds or regulatory capital within the Group. There were no capital deficiencies in any of the
subsidiary companies of the Group as at the financial year end.
2. CAPITAL ADEQUACY
Capital Management
In view of the immateriality of the subsidiaries capital, balance sheet exposures and income, the Capital Management is conducted at the Bank level only.
The Banks primary objective when managing capital is to maintain a strong capital position to support business growth and to maintain investor, depositor, customer
and market confidence. In line with this, the Bank manages its capital actively and ensures that the capital adequacy ratios which take into account the risk profile of
the Bank, are above the regulatory minimum requirement.
To ensure that the Bank has sufficient capital to support all its business and risk taking activities, the Bank has implemented sound capital management processes in
its management systems and processes. A comprehensive capital management framework has been adopted by the Bank as a key enabler for value creation which is
important to the long term survival of the Bank. This comprehensive capital management process includes thorough risk assessment and risk management techniques
that are embedded within the Banks risk governance.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
122
PILLAR 3 DISCLOSURE
as at 31 December 2014
The assessment is based on the approved business plan, its estimation of current risks inherent in the Bank and the impact of capital stress tests on the Banks capital
plan. The Bank aims to achieve the following capital management objectives:
Maintaining adequate levels and an optimum mix of different sources of capital to support the underlying risks of its business;
Ensuring sufficient capital to expand its business ventures and inorganic growth; and
The Banks capital management is guided by the Capital Management Plan, approved by the Board, to ensure management of capital in a consistent and aligned with
the Risk Appetite Statement and Internal Capital Adequacy Assessment Process of the Bank.
Capital Structuring ensuring that the amount of regulatory and statutory capital available is consistent with the Banks growth plan, risk appetite, and desired level
of capital adequacy. Capital structuring focuses on selecting the appropriate, most cost-effective mix of capital instruments;
Capital Allocation ensuring that the capital is employed efficiently across the Bank based on risk-adjusted return on capital;
Capital Optimisation seeking an optimal level of capital by facilitating the optimisation of the risk profile of the balance sheet. This will be done through:
As such, the four fundamental components of a sound capital planning process include:
The Banks Capital Management Plan is updated annually and approved by the Board for implementation at the beginning of each financial year. The capital plan is drawn
up to cover at least a three year horizon and takes into account, amongst others, the Banks strategic objectives and business plans, regulatory capital requirements,
capital benchmarking against industry, available supply of capital and capital raising options, performance of business sectors based on a Risk Adjusted Return on Capital
(RAROC) approach as well as ICAAP and stress testing results.
The Group has carried out the internal assessment process on capital as prescribed in BNMs CAFIB ICAAP (Pillar 2) to complement its current capital management
practices. The ICAAP Framework has been formalised and approved by the Board in May 2013. The Groups ICAAP helps to suggest the minimum internal capital
requirement for its current and future business strategies and financial plans for the next 3 years via a comprehensive risk assessment process on its portfolio risk
exposures, its risk management practices towards its material risks and potential capital planning buffer required in the event of stress.
The Groups ICAAP is conducted on a consolidated basis covering all the Banks legal entities as suggested by BNMs ICAAP guideline.
Economic
Material Risk Initial Capital Capital Capital Capital Stress Internal Capital
Capital
Assessment Assessment Supply Demand Test Target Ratio
Definition
Under ICAAP, the following risk types are identified and measured:
Risks captured under Pillar 1 (i.e. Credit Risk, Market Risk, and Operational Risk);
Risk not fully captured under Pillar 1 (e.g. Migration and Residual Risk);
Risk not covered under Pillar 1 (e.g. Credit Concentration Risk, Profit Rate Risk in the Banking Book, Shariah Compliance Risk, IT Risk, Business and Strategy Risk,
and Reputational Risk).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
124
PILLAR 3 DISCLOSURE
as at 31 December 2014
Regular stress testing is performed to assess the Groups ability to maintain adequate capital under both a normal business cycle and unfavorable economic conditions.
The stress testing is embedded within the risk and capital management process of the Group, and is a key function of capital planning and business planning
processes.
To identify the possible events or future changes in the financial and economic conditions of the country that could potentially have unfavorable effects on the Groups
exposures;
To identify the different portfolios response to changes in key economic variables (profit rate, foreign exchange rate, GDP, etc);
To evaluate the Groups ability to withstand such changes, i.e. its capacity in terms of its capital and earnings, to absorb potentially significant losses;
To better understand the Groups risk profile, evaluate business risks and thus take appropriate measures accordingly; and
To analyse the Groups ability to meet the minimum regulatory capital requirement at all times throughout a reasonably severe economic crisis.
The Group is required to comply with the Common Equity Tier 1 capital ratio and total capital ratio prescribed by BNM. The Group was in compliance with all prescribed
capital ratios throughout the period.
The Groups capital adequacy ratios remained strong. The table below shows the composition of the regulatory capital and capital adequacy ratios as of 31 December
2014 determined by the requirements of the CAFIB.
The Risk Weighted Capital Ratio (RWCR) of the Group and Bank are set out below:
(a) The capital adequacy ratios of the Group and of the Bank:
GROUP BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Common Equity Tier 1 (CET 1) Capital Ratio 12.24% 12.96% 12.20% 12.88%
Tier 1 Capital Ratio 12.24% 12.96% 12.20% 12.88%
Risk-Weighted Capital Ratio 13.36% 14.06% 13.32% 13.97%
(b) CET I, Tier I and Tier II capital components of the Group and of the Bank:
31.12.2014
GROUP BANK
RM000 RM000
Tier I capital
Paid-up share capital 2,319,907 2,319,907
Share Premium 90,981 90,981
Retained earnings 388,923 390,019
Other reserves 929,779 929,721
Less: Deferred tax assets (31,220) (31,220)
Less: Investment in subsidiaries (15,525)
Less: Investment in associate company
^ Collective assessment allowance on non-impaired financing subject to maximum of 1.25% of total credit risk-weighted assets.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
126
PILLAR 3 DISCLOSURE
as at 31 December 2014
(b) CET I, Tier I and Tier II capital components of the Group and of the Bank (continued):
CAFIB Basel III capital structure with effect from 1 January 2013
31.12.2013
GROUP BANK
RM000 RM000
Tier I capital
Paid-up share capital 2,298,165 2,298,165
Share Premium 52,281 52,281
Retained earnings 253,822 256,389
Other reserves 722,567 722,539
Less: Deferred tax assets (24,613) (24,613)
Less: Investment in subsidiaries (28,027)
Less: Investment in associate company
^ Collective assessment allowance on non-impaired financing subject to maximum of 1.25% of total credit risk-weighted assets.
LONG SHORT
POSITION POSITION
Market Risk
Benchmark Rate Risk 994,991 (4,532,410) (3,537,419) 153,889 12,311
Foreign Exchange Risk 25,896 (386,305) (360,409) 386,305 30,904
Inventory Risk 2,716 2,716 217
Total Market Risk 1,020,887 (4,918,715) (3,895,112) 542,910 43,432
Operational Risk 2,724,074 217,926
Total RWA and Capital Requirements 30,214,978 2,417,197
Note: As at 31 December 2014, the Group did not have any credit risk-weighted assets absorbed by Profit Sharing Investment Account (PSIA), nor exposures
under securitisation.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
128
PILLAR 3 DISCLOSURE
as at 31 December 2014
LONG SHORT
POSITION POSITION
Market Risk
Benchmark Rate Risk 773,841 (913,005) (139,164) 355,225 28,418
Foreign Exchange Risk 26,300 (403,396) (377,096) 403,396 32,272
Inventory Risk 3,156 3,156 252
Total Market Risk 800,141 (1,316,401) (513,104) 761,777 60,942
Operational Risk 2,457,803 196,624
Total RWA and Capital Requirements 25,472,013 2,037,761
Note: As at 31 December 2013, the Group did not have any credit risk-weighted assets absorbed by PSIA, nor exposures under securitisation.
LONG SHORT
POSITION POSITION
Market Risk
Benchmark Rate Risk 994,991 (4,532,410) (3,537,419) 153,889 12,311
Foreign Exchange Risk 25,896 (386,305) (360,409) 386,305 30,904
Inventory Risk 2,716 2,716 217
Total Market Risk 1,020,887 (4,918,715) (3,895,112) 542,910 43,432
Operational Risk 2,705,152 216,412
Total RWA and Capital Requirements 30,193,576 2,415,485
Note: As at 31 December 2014, the Bank did not have any credit risk-weighted assets absorbed by PSIA, nor exposures under securitisation.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
130
PILLAR 3 DISCLOSURE
as at 31 December 2014
LONG SHORT
POSITION POSITION
Market Risk
Benchmark Rate Risk 773,841 (913,005) (139,164) 355,225 28,418
Foreign Exchange Risk 26,300 (403,396) (377,096) 403,396 32,272
Inventory Risk 3,156 3,156 252
Total Market Risk 800,141 (1,316,401) (513,104) 761,777 60,942
Operational Risk 2,437,809 195,025
Total RWA and Capital Requirements 25,448,752 2,035,900
Note: As at 31 December 2013, the Bank did not have any credit risk-weighted assets absorbed by PSIA, nor exposures under securitisation.
3. RISK MANAGEMENT
The Groups mission with respect to risk management is to advance its risk management capabilities, culture and practices so as to be in line with internationally accepted
standards and practices.
Establish a standard approach and methodology in managing credit, market, liquidity, operational and business risks across the Group;
Implement and use a risk management information system that meets international standards on confidentiality, integrity and its availability;
Develop and use tools, such as economic capital, value at risk, scoring models and stress testing to support the measurement of risks and enhance risk-based
decisions;
Ensure that risk policies and overall risk appetite are in line with business targets; and
Ensure that the Groups capital can support current and planned business needs in terms of risk exposures.
The Group has realigned its risk organisational responsibilities with the objective of ensuring a common view of risks across the Group. As a matter of good business
practice and prudence, the Groups core risk management functions, which report to the Board Risk Committee (BRC), are independent and clearly segregated from
the business divisions and centralised at head office.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
132
PILLAR 3 DISCLOSURE
as at 31 December 2014
Shariah
BOARD COMMITTEES
Board of
Supervisory
Directors
Council
Managing
Director
MANAGEMENT COMMITTEES
Management
Committee
Recovery Operational
Management Risk Control
Committee Committee
Recognises that it has to manage risks effectively to achieve its business targets;
Ensure effective and integrated risk management processes that are commensurate with the size and complexity of the current and future operations of the Bank
within its risk appetite and tolerance.
The Group has established a Risk Appetite Framework that forms an integral part of the Groups strategy and business plans. Risk appetite is an expression of the maximum
level of risk that the Group is prepared to accept in support of a stated strategy, impacting all businesses from a credit, market and operational risk viewpoint.
4. CREDIT RISK
Credit risk arises from all transactions that could lead to actual, contingent or potential claims against any party, borrower or obligor. The types of credit risks that the Bank
considers to be material include: Default Risk, Counterparty Risk, Pre-Settlement Risk, Credit Concentration Risk, Residual/Credit Mitigation Risk, and Migration Risk.
The management of credit risk is principally carried out by using sets of policies and guidelines approved by the Board Risk Committee (BRC), guided by the Board of
Directors approved Risk Appetite Statement.
The Management Risk Control Committee (MRCC) is responsible under the authority delegated by the BRC for managing credit risk at strategic level. The MRCC
reviews the Banks credit risk frameworks and guidelines, aligns credit risk management with business strategies and planning, reviews credit profile of the credit
portfolios and recommends necessary actions to ensure that the credit risk remains within established risk tolerance levels.
The Groups credit risk management governance includes the establishment of comprehensive credit risk policies, guidelines and procedures which document the
Groups financing standards, discretionary powers for financing approval, credit risk ratings methodologies and models, acceptable collaterals and valuation, and the
review, rehabilitation and restructuring of problematic and delinquent financing.
The management of credit risk is being performed by two distinct departments within the Risk Management Division (RMD), i.e. Credit Analysis and Credit Risk Control
and two departments outside of the RMD domain, namely, Credit Administration and Credit Recovery. The combined objectives are, amongst others:
To build a high quality credit portfolio in line with the Groups overall strategy and risk appetite;
To ensure that the Bank is compensated for the risk taken, balancing/optimising the risk/return relationship;
To develop an increasing ability to recognise, measure and avoid or mitigate potential credit risk problem areas; and
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
134
PILLAR 3 DISCLOSURE
as at 31 December 2014
The Group monitors its credit exposures either on a portfolio basis or individual basis through annual reviews. Credit risk is proactively monitored through a set of early
warning signals that could trigger immediate reviews of (a certain part of) the portfolio. The affected portfolio or financing is placed on a watch list to enforce close
monitoring and prevent financing from turning impaired and to increase chances of full recovery.
A comprehensive limit structure is in place to ensure that risks taken are within the risk appetite as set by the Board and to avoid credit risk contagion to a single
customer, sector, product, Shariah contract, etc.
Credit risk arising from dealing and investing activities are managed by the establishment of limits which include counter parties limits and permissible acquisition of
private entities instruments, subject to a specified minimum rating threshold. Furthermore, the dealing and investing activities are monitored by an independent middle
office unit.
The Bank adopts the Standardised Approach to compute the credit risk capital requirement under BNMs Capital Adequacy Framework for Islamic Banks (CAFIB).
The table below present the Groups and the Banks gross financing and advances analysed by credit quality:
30,111,712 24,242,520
Gross impaired financing as a percentage of gross financing and advances 1.14% 1.18%
Financings classified as neither Past Due nor Impaired are financings for which the borrower has not missed a contractual payment (profit or principal) when
contractually due and is not impaired as there is no objective evidence of impairment of the financing. In other words these financings are performing.
The credit quality of gross financing and advances which are neither past due nor impaired is as follows:
29,346,053 23,527,458
Excellent to Good: Sound financial position of the obligor with no difficulty in meeting its obligations.
Satisfactory: Adequate safety of the obligor meeting its current obligations but more time is required to meet the entire obligations in full.
Fair: High risks on payment obligations. Financial performance may continue to deteriorate.
Financings classified as Past Due but Not Impaired are financings on which its contractual profit or principal payments are past due, but the Group and the
Bank believe that impairment is not appropriate on the basis of the level of collateral available and/or the stage of collection amounts owed to the Group
and the Bank.
Analysis of the past due but not impaired financing and advances by aging analysis:
By ageing
Month-in-arrears 1 274,624 294,267
Month-in-arrears 2 146,496 135,493
421,120 429,760
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
136
PILLAR 3 DISCLOSURE
as at 31 December 2014
Analysis of the past due but not impaired financing and advances by sector:
421,120 429,760
A financing is classified as impaired when the principal or profit or both are past due for three months or more, or where a financing is in arrears for less
than three months, but the financing exhibits indications of significant credit weakness.
The financing or group of financings is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one or more events that
have occurred after the initial recognition of the financing (a loss event) and that the loss event has an impact on the estimated future cash flows of the
financing or group of financings that can be reliably estimated.
The Group and the Bank first assess individually whether the objective evidence of impairment exists individually for financings which are individually
significant, and collectively for financings which are not individually significant. If it is determined that no objective evidence of impairment exists for
an individually assessed financing, the financing is included in a group of financings with similar credit risk characteristic and collectively assessed for
impairment.
If there is objective evidence that an impairment loss has been incurred, the amount of the loss is measured as the difference between the financings
carrying amount and the present value of the estimated future cash flows. The carrying amount of the financing is reduced through the use of an allowance
account and the amount of the loss is recognised in the profit or loss.
344,539 285,302
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
138
PILLAR 3 DISCLOSURE
as at 31 December 2014
OF WHICH
PAST DUE
BUT NOT
31 DECEMBER 2014 GROSS IMPAIRED IMPAIRED INDIVIDUAL COLLECTIVE
RM000 FINANCING FINANCING FINANCING ALLOWANCES ALLOWANCES
OF WHICH
PAST DUE
BUT NOT
31 DECEMBER 2013 GROSS IMPAIRED IMPAIRED INDIVIDUAL COLLECTIVE
RM000 FINANCING FINANCING FINANCING ALLOWANCES ALLOWANCES
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
140
PILLAR 3 DISCLOSURE
as at 31 December 2014
(i) Group
EAST
CENTRAL EASTERN NORTHERN SOUTHERN MALAYSIA
31 DECEMBER 2014 REGION REGION REGION REGION REGION TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,888,002 3,888,002
Public Sector Entities 692,883 138,817 26,184 134,132 81 992,097
Banks, DFIs and MDBs 1,217,088 3,351 1,220,439
Corporate 11,638,007 532,749 703,059 651,976 383,483 13,909,274
Regulatory Retail 4,777,135 2,707,908 2,230,151 2,118,692 1,323,281 13,157,167
Residential Mortgages 3,664,498 1,652,072 1,756,258 1,508,466 602,355 9,183,649
Higher Risk Assets 5,741 3,238 5,874 2,187 3,921 20,961
Other Assets 2,495,953 291 2,496,244
Total for On-Balance Sheet Exposures 28,379,307 5,034,784 4,721,526 4,415,453 2,316,763 44,867,833
Total On and Off-Balance Sheet Exposures 30,078,725 5,034,784 4,721,526 4,415,453 2,320,877 46,571,365
EAST
CENTRAL EASTERN NORTHERN SOUTHERN MALAYSIA
31 DECEMBER 2013 REGION REGION REGION REGION REGION TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 4,808,880 4,808,880
Public Sector Entities 490,022 112,481 28,891 67,839 121 699,354
Banks, DFIs and MDBs 903,903 6,000 909,903
Corporate 13,120,240 490,459 530,971 220,152 434,292 14,796,114
Regulatory Retail 4,082,044 2,653,793 1,981,086 1,816,313 1,079,702 11,612,938
Residential Mortgages 2,710,656 1,197,203 1,358,151 1,088,249 410,016 6,764,275
Higher Risk Assets 7,541 3,957 6,724 1,115 4,505 23,842
Other Assets 2,169,467 351 2,169,818
Total for On-Balance Sheet Exposures 28,292,753 4,457,893 3,905,823 3,193,668 1,934,987 41,785,124
Total On and Off-Balance Sheet Exposures 29,779,003 4,457,893 3,905,823 3,193,668 1,944,820 43,281,207
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
142
PILLAR 3 DISCLOSURE
as at 31 December 2014
(ii) Bank
EAST
CENTRAL EASTERN NORTHERN SOUTHERN MALAYSIA
31 DECEMBER 2014 REGION REGION REGION REGION REGION TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,888,002 3,888,002
Public Sector Entities 692,883 138,817 26,184 134,132 81 992,097
Banks, DFIs and MDBs 1,216,862 3,351 1,220,213
Corporate 11,638,007 532,749 703,059 651,976 383,483 13,909,274
Regulatory Retail 4,777,135 2,707,908 2,230,151 2,118,692 1,323,281 13,157,167
Residential Mortgages 3,664,498 1,652,072 1,756,258 1,508,466 602,355 9,183,649
Higher Risk Assets 5,741 3,238 5,874 2,187 3,921 20,961
Other Assets 2,494,349 291 2,494,640
Total for On-Balance Sheet Exposures 28,377,477 5,034,784 4,721,526 4,415,453 2,316,763 44,866,003
Total On and Off-Balance Sheet Exposures 30,076,895 5,034,784 4,721,526 4,415,453 2,320,877 46,569,535
EAST
CENTRAL EASTERN NORTHERN SOUTHERN MALAYSIA
31 DECEMBER 2013 REGION REGION REGION REGION REGION TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 4,808,880 4,808,880
Public Sector Entities 490,022 112,481 28,891 67,839 121 699,354
Banks, DFIs and MDBs 901,638 6,000 907,638
Corporate 13,120,240 490,459 530,971 220,152 434,292 14,796,114
Regulatory Retail 4,082,044 2,653,793 1,981,086 1,816,313 1,079,702 11,612,938
Residential Mortgages 2,710,656 1,197,203 1,358,151 1,088,249 410,016 6,764,275
Higher Risk Assets 7,541 3,957 6,724 1,115 4,505 23,842
Other Assets 2,168,865 351 2,169,216
Total for On-Balance Sheet Exposures 28,289,886 4,457,893 3,905,823 3,193,668 1,934,987 41,782,257
Total On and Off-Balance Sheet Exposures 29,776,136 4,457,893 3,905,823 3,193,668 1,944,820 43,278,340
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
144
PILLAR 3 DISCLOSURE
as at 31 December 2014
(i) Group
WHOLESALE FINANCE,
& RETAIL TRANSPORT, INSURANCE
MINING ELECTRICITY, TRADE AND STORAGE & AND EDUCATION,
PRIMARY AND MANU- GAS AND RESTAURANT CON- REAL COMMUNI- BUSINESS HEALTH AND HOUSEHOLD OTHER
31 DECEMBER 2014 AGRICULTURE QUARRYING FACTURING WATER & HOTELS STRUCTION ESTATE CATION SERVICES OTHERS SECTOR SECTORS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,888,002 3,888,002
Public Sector Entities 354,487 313,440 324,089 81 992,097
Banks, DFIs and MDBs 1,171,816 48,623 1,220,439
Corporate 365,319 18,177 1,045,912 3,499,186 800,515 2,966,028 892,936 1,616,369 2,512,571 127,455 64,134 672 13,909,274
Regulatory Retail 9,151 2,294 36,987 1,836 80,568 80,147 21,458 23,271 60,157 31,809 12,809,401 88 13,157,167
Residential Mortgages 9,183,649 9,183,649
Higher Risk Assets 20,961 20,961
Other Assets 2,496,244 2,496,244
Total for On-Balance Sheet Exposures 374,470 20,471 1,082,899 3,501,022 881,083 3,046,175 914,394 1,994,127 7,945,986 483,353 22,078,226 2,545,627 44,867,833
Total for Off-Balance Sheet Exposures 45,611 38,867 79,713 133,776 142,918 215,154 68,774 57,843 236,819 77,139 552,867 54,051 1,703,532
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 4,808,880 4,808,880
Public Sector Entities 664 430 60,201 244,276 254,414 139,238 131 699,354
Banks, DFIs and MDBs 867,937 41,966 909,903
Corporate 338,728 6,685 840,973 4,425,104 640,166 2,831,299 765,902 1,782,560 2,992,449 107,733 54,462 10,053 14,796,114
Regulatory Retail 10,767 1,429 44,946 3,550 79,064 69,735 17,258 18,031 49,392 26,018 11,292,589 159 11,612,938
Residential Mortgages 6,764,275 6,764,275
Higher Risk Assets 23,842 23,842
Other Assets 2,169,818 2,169,818
Total for On-Balance Sheet Exposures 350,159 8,114 885,919 4,428,654 719,230 2,901,464 843,361 2,044,867 8,973,072 272,989 18,135,299 2,221,996 41,785,124
Total for Off-Balance Sheet Exposures 58,540 31,153 46,265 172,706 124,621 203,684 67,277 44,081 124,350 64,977 495,843 62,586 1,496,083
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
146
PILLAR 3 DISCLOSURE
as at 31 December 2014
(i) Bank
WHOLESALE FINANCE,
& RETAIL TRANSPORT, INSURANCE
MINING ELECTRICITY, TRADE AND STORAGE & AND EDUCATION,
PRIMARY AND MANU- GAS AND RESTAURANT CON- REAL COMMUNI- BUSINESS HEALTH AND HOUSEHOLD OTHER
31 DECEMBER 2014 AGRICULTURE QUARRYING FACTURING WATER & HOTELS STRUCTION ESTATE CATION SERVICES OTHERS SECTOR SECTORS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,888,002 3,888,002
Public Sector Entities 354,487 313,440 324,089 81 992,097
Banks, DFIs and MDBs 1,171,816 48,397 1,220,213
Corporate 365,319 18,177 1,045,912 3,499,186 800,515 2,966,028 892,936 1,616,369 2,512,571 127,455 64,134 672 13,909,274
Regulatory Retail 9,151 2,294 36,987 1,836 80,568 80,147 21,458 23,271 60,157 31,809 12,809,401 88 13,157,167
Residential Mortgages 9,183,649 9,183,649
Higher Risk Assets 20,961 20,961
Other Assets 2,494,640 2,494,640
Total for On-Balance Sheet Exposures 374,470 20,471 1,082,899 3,501,022 881,083 3,046,175 914,394 1,994,127 7,945,986 483,353 22,078,226 2,543,797 44,866,003
Total for Off-Balance Sheet Exposures 45,611 38,867 79,713 133,776 142,918 215,154 68,774 57,843 236,819 77,139 552,867 54,051 1,703,532
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 4,808,880 4,808,880
Public Sector Entities 664 430 60,201 244,276 254,414 139,238 131 699,354
Banks, DFIs and MDBs 867,937 39,701 907,638
Corporate 338,728 6,685 840,973 4,425,104 640,166 2,831,299 765,902 1,782,560 2,992,449 107,733 54,462 10,053 14,796,114
Regulatory Retail 10,767 1,429 44,946 3,550 79,064 69,735 17,258 18,031 49,392 26,018 11,292,589 159 11,612,938
Residential Mortgages 6,764,275 6,764,275
Higher Risk Assets 23,842 23,842
Other Assets 2,169,216 2,169,216
Total for On-Balance Sheet Exposures 350,159 8,114 885,919 4,428,654 719,230 2,901,464 843,361 2,044,867 8,973,072 272,989 18,135,299 2,219,129 41,782,257
Total for Off-Balance Sheet Exposures 58,540 31,153 46,265 172,706 124,621 203,684 67,277 44,081 124,350 64,977 495,843 62,586 1,496,083
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
148
PILLAR 3 DISCLOSURE
as at 31 December 2014
(i) Group
UP TO OVER
31 DECEMBER 2014 1 YEAR >1-5 YEARS 5 YEARS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 2,421,391 586,758 879,853 3,888,002
Public Sector Entities 158,295 458,501 375,301 992,097
Banks, DFIs and MDBs 608,391 581,279 30,769 1,220,439
Corporate 3,520,258 4,637,767 5,751,249 13,909,274
Regulatory Retail 60,245 1,821,352 11,275,570 13,157,167
Residential Mortgages 3,998 89,478 9,090,173 9,183,649
Higher Risk Assets 403 20,558 20,961
Other Assets 2,100,897 395,347 2,496,244
UP TO OVER
31 DECEMBER 2013 1 YEAR >1-5 YEARS 5 YEARS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,532,342 396,055 880,483 4,808,880
Public Sector Entities 29,739 412,234 257,381 699,354
Banks, DFIs and MDBs 720,653 158,083 31,167 909,903
Corporate 4,144,424 5,588,149 5,063,541 14,796,114
Regulatory Retail 128,278 1,703,421 9,781,239 11,612,938
Residential Mortgages 3,758 86,446 6,674,071 6,764,275
Higher Risk Assets 90 553 23,199 23,842
Other Assets 1,783,236 386,582 2,169,818
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
150
PILLAR 3 DISCLOSURE
as at 31 December 2014
(ii) Bank
UP TO OVER
31 DECEMBER 2014 1 YEAR >1-5 YEARS 5 YEARS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 2,421,391 586,758 879,853 3,888,002
Public Sector Entities 158,295 458,501 375,301 992,097
Banks, DFIs and MDBs 608,165 581,279 30,769 1,220,213
Corporate 3,520,258 4,637,767 5,751,249 13,909,274
Regulatory Retail 60,245 1,821,352 11,275,570 13,157,167
Residential Mortgages 3,998 89,478 9,090,173 9,183,649
Higher Risk Assets 403 20,558 20,961
Other Assets 2,099,293 395,347 2,494,640
UP TO OVER
31 DECEMBER 2013 1 YEAR >1-5 YEARS 5 YEARS TOTAL
EXPOSURE CLASS RM000 RM000 RM000 RM000
Credit Risk
On-Balance Sheet Exposures
Sovereign/Central Banks 3,532,342 396,055 880,483 4,808,880
Public Sector Entities 29,739 412,234 257,381 699,354
Banks, DFIs and MDBs 718,388 158,083 31,167 907,638
Corporate 4,144,424 5,588,149 5,063,541 14,796,114
Regulatory Retail 128,278 1,703,421 9,781,239 11,612,938
Residential Mortgages 3,758 86,446 6,674,071 6,764,275
Higher Risk Assets 90 553 23,199 23,842
Other Assets 1,782,634 386,582 2,169,216
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
152
PILLAR 3 DISCLOSURE
as at 31 December 2014
Under the Standardised Approach, the Group makes use of credit ratings assigned by credit rating agencies in the calculation of credit risk-weighted assets.
The following are the rating agencies or Eligible Credit Assessment Institutions (ECAI) ratings used by the Group and are recognised by BNM as per the CAFIB
Guideline:
The ECAI ratings accorded to the following counterparty exposure classes are used in the calculation of risk-weighted assets for capital adequacy purposes:
(c) Corporates
As a general rule, the rating specific to the credit exposure is used, i.e. the issue rating. Where no specific rating exists, the credit rating assigned to the issuer or
counterparty of that particular credit exposure is used. In cases where an exposure has neither an issue nor an issuer rating, it is deemed as unrated or the rating
of another rated obligation of the same counterparty may be used if the exposure is ranked at least pari passu with the obligation that is rated, as stipulated in
the CAFIB Guideline.
Where a counterparty or an exposure is rated by more than one ECAI, the second highest rating is used to determine the risk weight. In cases where the credit
exposures are secured by guarantees issued by eligible or rated guarantors, the risk weights similar to that of the guarantor are assigned.
The below table summarises the rules governing the assignment of risk weights under the Standardised Approach:
1 AAA to AA- Aaa to Aa3 AAA to AA- AAA to AA3 AAA to AA-
2 A+ to A- A1 to A3 A+ to A- A1 to A3 A+ to A-
3 BBB+ to BBB- Baa1 to Baa3 BBB+ to BBB- BBB1 to BBB3 BBB+ to BBB-
4 BB+ to BB- Ba1 to Ba3 BB+ to BB- BB1 to BB3 BB+ to BB-
5 B+ to B- B1 to B3 B+ to B- B1 to B3 B+ to B-
6 CCC+ and below Caa1 and below CCC+ and below C1 and below C+ and below
The below table summarises risk weight mapping matrix for each credit quality rating category:
Under CAFIB, exposures to and/or guaranteed by the Federal Government of Malaysia and Bank Negara Malaysia are accorded a preferential sovereign risk
weight of 0%.
The following presents the credit exposures by risk weights after the effect of credit risk mitigation of the Group:
Total Exposures 3,888,002 1,000,647 1,302,654 14,806,885 13,261,691 9,499,221 32,848 2,496,251 46,288,199 26,947,994
RWA by Exposures 349,162 178,314 7,769,633 11,996,791 6,167,615 49,272 437,207 26,947,994
Average Risk Weight 0.0% 34.9% 13.7% 52.5% 90.5% 64.9% 150.0% 17.5% 58.2%
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
154
PILLAR 3 DISCLOSURE
as at 31 December 2014
The following presents the credit exposures by risk weights after the effect of credit risk mitigation of the Group (continued):
Total Exposures 4,808,880 703,215 954,287 15,653,528 11,712,716 7,012,475 42,120 2,170,363 43,057,584 22,252,433
RWA by Exposures 257,508 199,071 6,538,637 10,356,067 4,503,241 63,180 334,729 22,252,433
Average Risk Weight 0.0% 36.6% 20.9% 41.8% 88.4% 64.2% 150.0% 15.4% 51.7%
The following presents the credit exposures by risk weights after the effect of credit risk mitigation of the Bank:
Total Exposures 3,888,002 1,000,647 1,302,428 14,806,885 13,261,691 9,499,221 32,848 2,494,647 46,286,369 26,945,514
RWA by Exposures 349,162 178,269 7,769,633 11,996,791 6,167,615 49,272 434,772 26,945,514
Average Risk Weight 0.0% 34.9% 13.7% 52.5% 90.5% 64.9% 150.0% 17.4% 58.2%
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
156
PILLAR 3 DISCLOSURE
as at 31 December 2014
The following presents the credit exposures by risk weights after the effect of credit risk mitigation of the Bank (continued):
Total Exposures 4,808,880 703,215 952,022 15,653,528 11,712,716 7,012,475 42,120 2,169,761 43,054,717 22,249,166
RWA by Exposures 257,508 198,618 6,538,637 10,356,067 4,503,241 63,180 331,915 22,249,166
Average Risk Weight 0.0% 36.6% 20.9% 41.8% 88.4% 64.2% 150.0% 15.3% 51.7%
Total 3,888,002
Total 4,808,880
* These exposures refer to exposures to Federal Government of Malaysia and Bank Negara Malaysia which are accorded a preferential sovereign risk weight
of 0%.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
158
PILLAR 3 DISCLOSURE
as at 31 December 2014
Note: There are no exposures under Short-term ratings for the period under review.
As a first way out, the assessment of credit when granting a financing facility is based on a particular customers cash flows as the main source of payment
and not on the collateral offered. However the acceptance of tangible security as collateral would offer a second way out in the event of business failure thereby
improving recovery rates.
The type of collaterals accepted by the Bank has an impact on the calculation of the Banks capital adequacy as the quality and type of collateral determine
whether the Bank is able to obtain capital relief and the extent of such relief.
The main types of collateral obtained by the Group to mitigate credit risks are as follows:
(f) Guarantee
The reliance that can be placed on CRM is carefully assessed in light of issues such as compliance with Shariah rules, legal enforceability, market value and
counterparty credit risk of the guarantor. Policies and procedures are in place to govern the protection of the Groups position from the onset of a customer
relationship, for instance in requiring standard terms and conditions or specifically agreed upon documentation to ensure the legal enforceability of the credit
risk mitigants.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
160
PILLAR 3 DISCLOSURE
as at 31 December 2014
EXPOSURES
COVERED BY
ELIGIBLE
FINANCIAL
EXPOSURES AND NON-
EXPOSURES COVERED BY FINANCIAL
31 DECEMBER 2014 BEFORE CRM GUARANTEES COLLATERAL
EXPOSURE CLASS RM000 RM000 RM000
EXPOSURES
COVERED BY
ELIGIBLE
FINANCIAL
EXPOSURES AND NON-
EXPOSURES COVERED BY FINANCIAL
31 DECEMBER 2013 BEFORE CRM GUARANTEES COLLATERAL
EXPOSURE CLASS RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
162
PILLAR 3 DISCLOSURE
as at 31 December 2014
5. OFF-BALANCE SHEET AND COUNTERPARTIES CREDIT RISK FOR THE GROUP AND THE BANK
(i) As at 31 December 2014
POSITIVE FAIR
VALUE OF CREDIT RISK
PRINCIPAL DERIVATIVE EQUIVALENT WEIGHTED
AMOUNT CONTRACTS AMOUNT ASSET
NATURE OF ITEM RM000 RM000 RM000 RM000
5. OFF-BALANCE SHEET AND COUNTERPARTIES CREDIT RISK FOR THE GROUP AND THE BANK (continued)
(ii) As at 31 December 2013
POSITIVE FAIR
VALUE OF CREDIT RISK
PRINCIPAL DERIVATIVE EQUIVALENT WEIGHTED
AMOUNT CONTRACTS AMOUNT ASSET
NATURE OF ITEM RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
164
PILLAR 3 DISCLOSURE
as at 31 December 2014
6. MARKET RISK
All the Banks businesses are subject to the risk that market prices and rates will move, resulting in profit or losses to the Bank. Furthermore, significant or sudden
movements in rates could affect the Banks liquidity/funding position. The Bank is exposed to the following main market/liquidity risk factors:
Rate of Return or Profit Rate Risk: the potential impact on the Banks profitability caused by changes in the market rate of return, either due to general market
movements or due to issuer / borrower specific causes;
Foreign Exchange Risk: the impact of exchange rate movements on the Banks currency positions;
Equity Investment Risk: the profitability impact on the Banks equity positions or investments caused by changes in equity prices or values;
Commodity Inventory Risk: the risk of loss due to movements in commodity prices;
Liquidity Risk: the potential inability of the Bank to meet its funding requirements at a reasonable cost (funding liquidity risk) or its inability to liquidate positions
quickly at a reasonable price (market liquidity risk).
The objective of the Banks market risk management is to manage and control market risk exposures in order to optimise return on risk while maintaining a market risk
profile consistent with the Banks approved risk appetite.
The Bank separates exposures to market risk into either trading or non-trading portfolios. Trading portfolios include those positions arising from market making,
proprietary position taking and other marked-to-market positions so designated as per the approved Trading Book Policy Statements. Non-trading portfolios primarily
arise from the re-pricing mismatches of the Banks customer driven assets and liabilities and from the Banks investment of its surplus funds.
The management of market risk is principally carried out by using risk limits approved by the BRC, guided by the Risk Appetite Statement approved by the Board of
Directors.
The Asset and Liability Management Committee (ALCO) is responsible under the authority delegated by the BRC for managing market risk at strategic level.
All market risk exposures are managed by Treasury. The aim is to ensure that all market risks are consolidated at Treasury, which has the necessary skills, tools,
management and governance to manage such risks professionally. Limits are set for portfolios, products and risk types, with market liquidity and credit quality being the
principal factors in determining the level of limits set.
Market Risk Management Department (MRMD) is the independent risk control function and is responsible for ensuring efficient implementation of market risk
management policies. MRMD is also responsible for developing the Banks market risk management guidelines, measurement techniques, behavioural assumptions
and limit setting methodologies. Any excesses against the prescribed limits are reported immediately to the Senior Management. Strict escalation procedures are well
documented and approved by the BRC. In addition, the market risk exposures and limits are regularly reported to the ALCO and BRC.
Other controls to ensure that market risk exposures remain within tolerable levels include stress testing, rigorous new product approval procedures and a list of
permissible instruments than can be traded. Stress test results are produced monthly to determine the impact of changes in profit rates, foreign exchange rates and other
risk factors on the Banks profitability, capital adequacy and liquidity. The stress test provides the Management and the BRC with an assessment of the financial impact
of identified extreme events on the market risk exposures of the Bank.
Profit rate risk in the non-trading portfolio is managed and controlled using measurement tools known as economic value of equity (EVE) and earnings-at-risk (EaR).
EVE and EaR limits are approved by the BRC and independently monitored by MRMD. Exposures and limits are regularly discussed and reported to ALCO and BRC.
The Bank manages market risk in non-trading portfolios by monitoring the sensitivity of projected EaR and EVE under varying profit rate scenarios (simulation modeling).
For simulation modeling, a combination of standard scenarios and non-standard scenarios relevant to the local market are used. The standard scenarios monitored
monthly include a 100 basis points parallel fall or rise in profit rates and historical simulation of past events. The scenario assumes no management action. Hence, it
does not incorporate actions that would be taken by Treasury to mitigate the impact of the profit rate risk. In reality, depending on the view on future market movements,
Treasury would proactively seek to change the profit rate exposure profile to minimise losses and to optimise net revenues. The nature of the hedging and risk mitigation
strategies corresponds to the market instruments available. These strategies range from the use of derivative financial instruments, such as profit rate swaps, to more
intricate hedging strategies to address inordinate profit rate risk exposures.
The table below shows the projected Banks sensitivity to a 100 basis points parallel shift to profit rates across all maturities applied on the Groups and Banks profit
rate sensitivity gap as at reporting date.
2014 2013
-100bps +100bps -100bps +100bps
INCREASE/(DECREASE)
RM MILLION RM MILLION RM MILLION RM MILLION
BANK
Impact on EaR (22.45) 22.45 (51.45) 51.45
Impact on EVE (397.43) 397.43 (521.44) 521.44
Note: EVE & EaR result as at 31 December 2013 reinstated in line with the change in methodology from behavioural method to BNM contractual method as approved
by Special BRC 01/2014 on 30 June 2014.
Other controls to contain profit rate risk in the non-trading portfolio include stress testing and applying sensitivity limits to the available for sale financial assets. Sensitivity
is measured by the present value of a 1 basis point change (PV01) and is independently monitored by MRMD on a daily basis against limits approved by the BRC.
PV01 exposures and limits are regularly discussed and reported to ALCO and BRC.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
166
PILLAR 3 DISCLOSURE
as at 31 December 2014
Market risk in the trading portfolio is monitored and controlled using Value-at-Risk (VaR). The VaR limit is approved by the BRC and independently monitored daily by
MRMD. Exposures and limits are regularly discussed and reported to ALCO and BRC.
VaR is a technique that estimates the potential losses that could occur on risk positions as a result of movements in market rates and prices over a specified time horizon
and to a given level of confidence. The VaR models used by the Bank are based on historical simulation. These models derive plausible future scenarios from past series
of recorded market rates and prices, taking into account inter-relationships between different markets and rates such as profit rates and foreign exchange rates. The
historical simulation models used by the Bank incorporate the following features:
potential market movements are calculated with reference to data from the past four years;
historical market rates and prices are calculated with reference to foreign exchange rates and profit rates; and
VaR is calculated to a 99 per cent confidence level and for a one-day holding period. The nature of the VaR model means that an increase in observed market volatility
will lead to an increase in VaR without any changes in the underlying positions.
Statistically, the Bank would expect to see losses in excess of VaR only 1 per cent of the time over a one-year period. The actual number of excesses over this period can
therefore be used to gauge how well the models are performing.
A summary of the VaR position of the Banks trading portfolios at the reporting date is as follows:
AS AT 1.1.2014 TO 31.12.2014
31.12.2014 AVERAGE MAXIMUM MINIMUM
RM MILLION RM MILLION RM MILLION RM MILLION
AS AT 1.1.2013 TO 31.12.2013
31.12.2013 AVERAGE MAXIMUM MINIMUM
RM MILLION RM MILLION RM MILLION RM MILLION
Although a valuable guide to risk, VaR should always be viewed in the context of its limitations. For example:
The use of historical data as a proxy for estimating future events may not encompass all potential events, particularly those which are extreme in nature;
The use of a 1-day holding period assumes that all positions can be liquidated or hedged in one day. This may not fully reflect the market risk arising at times of
severe illiquidity, when a 1-day holding period may be insufficient to liquidate or hedge all positions fully;
The use of a 99 per cent confidence level, by definition, does not take into account losses that might occur beyond this level of confidence;
VaR is calculated on the basis of exposures outstanding at the close of business and therefore does not necessarily reflect intra-day exposures; and
VaR is unlikely to reflect the loss potential on exposures that might arise under significant market movements.
The Bank recognises these limitations by augmenting the VaR limits with other limits such as maximum loss limits, position limits and PV01 limits structures. These
limits are approved by the BRC and independently monitored daily by MRMD. Exposures and limits are regularly discussed and reported to ALCO and BRC.
Other controls to contain market risk at an acceptable level are through stress testing, rigorous new product approval processes and a list of permissible instruments
to be traded. Stress tests are produced monthly to determine the impact of changes in profit rates, foreign exchange rates and other main economic indicators on the
Group and the Banks profitability, capital adequacy and liquidity. The stress-testing provides the Management and the BRC with an assessment of the financial impact
of identified extreme events on the market risk exposures of the Bank.
Trading positions
In addition to VaR and stress testing, the Bank controls the foreign exchange risk within the trading portfolio by limiting the open exposure to individual currencies, and
on an aggregate basis.
The Bank controls the overall foreign exchange risk by limiting the open exposure to non-Ringgit positions on an aggregate basis.
Foreign exchange limits are approved by the BRC and independently monitored daily by MRMD. Exposures and limits are regularly discussed and reported to ALCO and
BRC.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
168
PILLAR 3 DISCLOSURE
as at 31 December 2014
Sensitivity Analysis
Assuming that other risk variables remain constant, the foreign currency revaluation sensitivity for the Group and Bank as at reporting date is summarised as follows
(only exposures in currencies that account for more than 5 percent of the net open positions are shown in its specific currency in the table below. For other currencies,
these exposures are grouped as Others):
2014 2013
-1% +1% -1% +1%
DEPRECIATION APPRECIATION DEPRECIATION APPRECIATION
RM000 RM000 RM000 RM000
Liquidity risk is the risk that the Bank does not have sufficient financial resources to meet its obligations when they fall due, or might have to fund these obligations at
excessive cost. This risk can arise from mismatches in the timing of cash flows. Funding risk arises when the necessary liquidity to fund illiquid asset positions cannot
be obtained at the expected terms when required.
The Bank maintains a diversified and stable funding base comprising core retail, commercial, corporate customer deposits and institutional balances. This is augmented
by wholesale funding and portfolios of highly liquid assets.
The objective of the Banks liquidity and funding management is to ensure that all foreseeable funding commitments and deposit withdrawals can be met when due and
that wholesale market access remains accessible and cost effective.
Current accounts and savings deposits payable on demand or at short notice form a significant part of the Banks funding, and the Bank places considerable importance
on maintaining their stability. For deposits, stability depends upon preserving depositor confidence in the Bank and the Banks capital strength and liquidity, and on
competitive and transparent pricing.
The management of liquidity and funding is primarily carried out in accordance with the Bank Negara Malaysia Liquidity Framework and practices and limits and triggers
approved by the BRC and ALCO. These limits and triggers vary to take account of the depth and liquidity of the local market in which the Bank operates. The Bank
maintains a strong liquidity position and manages the liquidity profile of its assets, liabilities and commitments to ensure that cash flows are appropriately balanced and
all obligations are met when due.
Daily projection of cash flows and ensuring that the Bank has sufficient liquidity surplus and reserves to sustain a sudden liquidity shock;
Projecting cash flows and considering the level of liquid assets necessary in relation thereto;
Monitoring depositor concentration in order to avoid undue reliance on large individual depositors and ensure a satisfactory overall funding mix; and
Managing the maturities and diversifying funding liabilities across products and counterparties.
The management of liquidity and funding risk is principally undertaken using risk limit mandates approved by the BRC and management action triggers assigned by the
ALCO.
ALCO is responsible under the authority delegated by the BRC for managing liquidity and funding risk at strategic level.
All liquidity risk exposures are managed by Treasury. The aim is to ensure that liquidity and funding risk are consolidated at Treasury, which has the necessary skills,
tools, management and governance to manage such risks professionally. Limits and triggers are set to meet the following objectives:
Sufficient borrowing capacity in the Interbank market and highly liquid financial assets to back it up; and
MRMD is the independent risk control function and is responsible for ensuring efficient implementation of liquidity and funding risk management policies. Another control
to ensure that liquidity and funding risk exposures remain within tolerable levels includes stress testing. A final key control feature of the Banks liquidity and funding risk
management are the approved and documented liquidity and funding contingency plans. These plans identify early indicators of stress conditions and describe actions
to be taken in the event of difficulties arising from systemic or other crises while minimising adverse long-term implications to the Bank.
The Bank adopts the Standardised Approach to compute the market risk capital requirement under BNMs Capital Adequacy Framework for Islamic Banks (CAFIB).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
170
PILLAR 3 DISCLOSURE
as at 31 December 2014
7. OPERATIONAL RISK
Operational Risk (OR) is defined as the risk of loss arising from inadequate or failed internal processes, people and systems and external events, which includes legal
risk and shariah compliance risk but excludes strategic and reputational risk.
It is inherent in all banking products, activities, processes and systems and the effective management of operational risk has always been a fundamental element of a
banks risk management programme.
Bank Islams operational risk management (ORM) is guided by its ORM Framework and Risk Management Policy as well as its Risk Appetite Framework which are
designed to provide a sound and well-controlled operational environment within the Bank.
The MRCC, under the authority delegated by the BRC is responsible to perform the oversight functions and to ensure effective management of issues relating to OR at
strategic level. The ORCC which is a sub-committee of MRCC is primarily responsible in ensuring the effective implementation and maintenance of policies, processes
and systems for managing OR for the Bank.
Notwithstanding the above, the various Business & Support Units (BU/SU) are responsible for managing OR within their respective domains on a day to day basis and
ensuring that their business & operational activities are carried out within the established ORM policies, guidelines, procedures and limits. To reinforce accountability
and ownership of risk & control at BU/SU level, a Risk Controller for each BU/SU is appointed to assist in driving the risk & control programme for the Bank.
Ultimately all staff of the Bank are to ensure they properly discharge their day to day responsibilities and are well-equipped with the necessary knowledge including the
policies and procedures in executing their job functions. This is in line with our Risk Management Tagline i.e. Managing Risk is Everyones Business.
Bank Islam recognises the utmost importance of operational risk management (ORM) and manages this risk through a control-based environment where processes
are documented, authorisation is independent, transactions are reconciled and monitored and business activities are carried out within the established OR policies,
guidelines, procedures and limits.
The Banks overall governance approach in managing OR is premised on the Three Lines of Defence Approach:
(a) 1st line of defence the risk owner or risk taking unit i.e. BU/SU is accountable for putting in place a robust control environment within their respective units. They
are responsible for the day to day management of OR.
(b) 2nd line of defence The Operational Risk Management Department (ORMD) which includes Shariah Risk Management (SRM) is responsible for establishing
and maintaining the ORM framework, developing various ORM tools to facilitate the management of OR, monitoring the effectiveness of ORM, assessing OR issues
from the risk owner and escalating OR issues to the relevant governance level with recommendations on appropriate risk mitigation strategies. In creating a strong
risk culture, ORMD is also responsible to promote risk awareness across the Bank.
The Banks Compliance Division complements the role of ORM as the second line of defence by ensuring effective oversight on compliance-related risks such as
regulatory compliance risk, compliance risk as well as money laundering and terrorism financing risks through proper classification of risks and developing, reviewing
and enhancing compliance-related training programme as well as conducting training through ongoing awareness creation.
(c) 3rd line of defence Internal Audit provides independent assurance to the Board and senior management on the effectiveness of the ORM process.
The Banks ORM is guided by the ORM framework designed to provide a sound and well-controlled operational environment within the Bank. The framework sets out
the Banks approach to identifying, assessing, monitoring and mitigating OR and focuses on the four causal factors of OR i.e. internal processes, people, system and
external events. It consists of the following components:
RISK
IDENTIFICATION
RISK ENVIRONMENT RISK ENVIRONMENT
RISK
RISK
MONITORING Foundation ASSESSMENT
& REPORTING & Governance
Structure
Risk Mitigation
ORM Tools
& Quantification
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
172
PILLAR 3 DISCLOSURE
as at 31 December 2014
The Bank employs various tools comprising proactive and reactive tools which are in line with the best practices in managing & mitigating its, namely:
A forward looking tool to identify To identify and assess operational End to end review of critical Centralised bankwide loss
potential risks and to enable risks by Risk Owners; banking activities to identify database which provides line of
counter measures and risk The tool creates ownership potential risks and ensure business loss reporting overview,
mitigation actions before an & increases operational risk appropriate controls are in place tracks frequency of events and
incident occurs (early warning awareness. and are effective. facilitates detailed reviews of the
system); incident and its impact.
To assist management to focus on
high-risk issues.
Analysis & reporting of qualitative & quantitative results from various ORM tools.
In addition, a comprehensive Business Continuity Management (BCM) function has been established within Bank Islam to ensure that in the event of material
disruptions from internal or external events, critical business functions can be maintained or restored in a timely manner. This ensures minimal adverse impact on
customers, staff and products and services. BCM constitutes an essential component of the Banks risk management process by providing a controlled response to
potential OR that could have a significant impact on the Banks critical processes and revenue streams.
As part of the risk transfer strategy, the Bank obtains 3rd party takaful coverage to cover for the Banks high impact loss events.
The Bank also ensures that the Bankwide OR awareness programme is conducted on an ongoing basis. This training programme includes emphasis on inculcating an
OR culture among staff, effective implementation of ORM tools, fraud awareness, BCM and other aspects of ORM.
Operational Risk capital charge is calculated using the BIA as per BNMs CAFIB Guideline. The BIA for operational risk capital charge calculation applies an alpha (15%)
to the average of positive gross income that was achieved over the previous three years by the Group. The RWA amount is computed by multiplying the minimum capital
required with a multiplier of 12.5 (reciprocal of 8%).
8. SHARIAH GOVERNANCE
By virtue of Bank Negara Malaysia (BNM)s Shariah Governance Framework for Islamic Financial Institution (SGF), the Bank has established a sound and robust
Shariah governance framework with emphasis placed on the roles of its key functionalities, which include having in place an effective and responsible Board and
Management and an independent Shariah Supervisory Council that is supported by strong and competent internal Shariah functions. The below diagram depicts Bank
Islams Shariah governance structure:
BOARD OF DIRECTORS
(Overall oversight on AUDIT &
BOARD RISK Shariah governance structure
SHARIAH SUPERVISORY COUNCIL EXAMINATION
COMMITTEE & Shariah compliance)
(Oversight accountability on Shariah related COMMITTEE
matters)
MANAGEMENT
Ensure execution of business & operations are in accordance
with Shariah principles
Provide necessary support to Shariah Committee
Shariah Risk Management Shariah Review Function: Shariah Research Function: Shariah Audit Function:
Control Function: Review business operation Conduct in-depth Shariah Provide independent assessment
Identify, measure, monitor, on regular basis to ensure research prior to submission to & objective assurance designed
report & control Shariah Shariah compliance Shariah Supervisory Council to value add & improve IFIs
non-compliance risk compliance with Shariah
In ensuring the Banks compliance with the Shariah, the Bank has in place the Shariah Compliance Policy to communicate its comprehensive Shariah governance
framework to ensure the Banks business activities and behaviors are in compliance with Shariah rules and principles, provisions of the Islamic Financial Services Act
(IFSA) 2013, BNMs SGF and its other rules and regulations, and the resolutions of BNM and Securities Commission (SC)s Shariah Advisory Council and the Banks
Shariah Supervisory Council (SSC).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
174
PILLAR 3 DISCLOSURE
as at 31 December 2014
In addition to the Shariah Compliance Policy, the Bank has also established the Shariah Compliance Risk Management (SCRM) Guideline which sets out the SCRM
framework supporting the Shariah Compliance Policy and details out the SCRM processes and tools. The guideline serves to provide a consistent bank-wide framework
for managing Shariah compliance risks across the Bank.
In order to ensure that the planning, development, and implementation of the Banks products are in accordance with the Shariah rules and principles, the Bank has
issued Shariah contract guidelines to serve as a standard guide for the Banks personnel in dealing with products based on the respective Shariah contracts.
In line with the definition of Operational Risk which includes Shariah Compliance Risk (SCR) as part of Operational Risk, the Shariah risk management embarks on
the established Operational Risk Management processes and tools in managing Shariah non-compliance risks bank-wide.
A Shariah non-compliance (SNC) event is a result of the Banks failure to comply with the Shariah rules and principles determined by the relevant Shariah regulatory
councils.
The Bank has established its internal framework of SNC reporting pursuant to the mechanism set out by BNM through its circular on SNC Reporting which was then
superseded by BNMs Operational Risk Reporting Requirement Operational Risk Integrated Online Network (ORION). This framework was established to ensure
compliance to section 28(3) of the Islamic Financial Services Act (IFSA) 2013 which requires any SNC event to be immediately reported to BNM. By virtue of the
requirement, the Bank is also obliged to report potential SNC events to BNM on monthly basis.
Throughout the year 2014, there were three (3) SNC events reported due to failure to perform aqad execution as per approved product structures by the Banks SSC.
Nevertheless, these events did not result to de-recognition of income as the SNC events occurred in deposit products in which the Bank was not entitled to any profit.
The Bank, from time to time, makes efforts to prevent similar Shariah breaches from recurring by tightening controls such as revising the Shariah compliance checklist,
conducting awareness initiatives as well as putting additional controls to ensure compliance with Shariah requirements.
RM3,360.01 RM50,713.42
The above amount consists of commissions from Shariah non-compliant merchants of card business, interest received from the Banks nostro account as well as rental
purification from the Banks land that is being used to facilitate bai inah based transaction. The income was channeled to charitable causes upon approval by the Shariah
Supervisory Council.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
MENGATASI CABARAN MELALUI TUMPUAN STRATEGIK
191
188 189
Penyata Kedudukan
Akuan Berkanun Laporan Juruaudit Bebas
Kewangan
192
193 194
Penyata Untung Rugi
Penyata Perubahan Penyata Perubahan
dan Pendapatan
Ekuiti Disatukan Dalam Ekuiti
Komprehensif Lain
197
195 296
Nota-nota Mengiringi
Penyata Aliran Tunai Pendedahan Tunggak 3
Penyata Kewangan
PENYATA KEWANGAN
178
Para Pengarah dengan sukacita menyerahkan laporan mereka dan penyata kewangan diaudit bagi Kumpulan dan Bank bagi tahun kewangan berakhir 31 Disember 2014.
AKTIVITI UTAMA
Bank terlibat terutamanya dalam perniagaan perbankan Islam dan penyediaan perkhidmatan yang berkaitan. Aktiviti-aktiviti utama anak-anak syarikatnya dinyatakan dalam
Nota 13 penyata kewangan.
Tidak terdapat sebarang perubahan penting dalam sifat aktiviti-aktiviti ini semasa tahun kewangan.
KEPUTUSAN
KUMPULAN BANK
RM000 RM000
DIVIDEN
Jumlah dividen yang dibayar oleh Bank sejak 31 Disember 2013 adalah seperti berikut:
RM000
Para Pengarah mencadangkan dividen akhir satu peringkat sebanyak 5.75 sen sesaham biasa berjumlah RM133,395,000 bagi tahun kewangan berakhir 31 Disember 2014.
Tiada sebarang perubahan dalam modal dibenarkan, diterbitkan dan berbayar Bank semasa tahun kewangan.
PEMBIAYAAN MEROSOT
Sebelum penyata kewangan Kumpulan dan Bank disiapkan, para Pengarah telah mengambil langkah-langkah yang sewajarnya bagi memastikan bahawa tindakan yang
sepatutnya telah diambil berhubung hapus kira pembiayaan lapuk dan pelaksanaan peruntukan kemerosotan untuk pembiayaan yang terjejas, dan mereka telah berpuas hati
bahawa kesemua pembiayaan lapuk telah dihapus kira dan peruntukan kemerosotan yang mencukupi telah dibuat untuk pembiayaan yang terjejas.
Pada tarikh laporan ini dibuat, para Pengarah tidak menyedari sebarang perkara yang boleh menjadikan jumlah yang telah dihapus kira untuk pembiayaan lapuk, atau jumlah
peruntukan kemerosotan untuk pembiayaan yang terjejas dalam penyata kewangan Kumpulan dan Bank, tidak mencukupi sehingga tahap yang ketara.
ASET SEMASA
Sebelum penyata kewangan Kumpulan dan Bank dibuat, para Pengarah telah mengambil langkah-langkah yang sewajarnya bagi memastikan bahawa sebarang aset semasa,
selain daripada pembiayaan, yang tidak berkemungkinan untuk direalisasikan dalam perjalanan lazim perniagaan pada nilai yang ditunjukkan dalam rekod perakaunan
Kumpulan dan Bank telah disusut kira kepada nilai anggaran yang boleh direalisasikan.
Pada tarikh laporan ini dibuat, para Pengarah tidak menyedari sebarang perkara yang boleh menjadikan nilai yang ditentukan ke atas aset semasa dalam penyata kewangan
Kumpulan dan Bank mengelirukan.
KAEDAH PENILAIAN
Pada tarikh laporan ini dibuat, para Pengarah tidak menyedari sebarang perkara yang telah timbul yang boleh menjadikan pematuhan terhadap kaedah penilaian sedia ada
bagi aset atau liabiliti Kumpulan dan Bank mengelirukan atau tidak wajar.
(a) sebarang caj ke atas aset Kumpulan atau Bank yang telah timbul sejak akhir tahun kewangan dan yang menggunakan liabiliti mana-mana pihak lain, atau
(b) sebarang liabiliti luar jangka berkaitan Kumpulan atau Bank yang telah timbul sejak akhir tahun kewangan selain yang terjadi dalam perjalanan lazim perniagaan.
Tiada liabiliti luar jangka atau liabiliti lain mana-mana syarikat dalam Kumpulan telah berkuatkuasa, atau mungkin berkuatkuasa dalam tempoh dua belas bulan selepas akhir
tahun kewangan yang mana, pada pendapat para Pengarah, akan atau boleh menjejaskan kemampuan Kumpulan dan Bank dalam memenuhi tanggungjawabnya bila dan
ketika diperlukan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
180
PERUBAHAN KEADAAN
Pada tarikh laporan ini dibuat, para Pengarah tidak menyedari sebarang keadaan yang tidak dibentangkan dalam laporan ini atau dalam penyata kewangan yang boleh
menjadikan sebarang jumlah yang dinyatakan dalam penyata kewangan Kumpulan dan Bank mengelirukan.
Dalam sela masa di antara akhir tahun kewangan dan tarikh laporan ini dibuat, tidak timbul sebarang perkara, urusniaga atau kejadian penting dan luar biasa yang
berkemungkinan menjejaskan keputusan operasi Kumpulan dan Bank bagi tahun kewangan semasa dalam mana laporan ini dibuat.
Tiada di antara Pengarah yang berkhidmat sehingga 31 Disember 2014 memiliki sebarang kepentingan dalam saham biasa Bank dan syarikat-syarikat berkaitannya semasa
tahun kewangan.
Tiada sebarang urus janji dimeterai semasa dan pada akhir tahun kewangan yang bermatlamat membolehkan para Pengarah Bank memperoleh manfaat menerusi pemerolehan
saham atau debentur Bank atau mana-mana badan korporat lain.
Sektor perbankan akan terus menyaksikan persaingan sengit dan pengecutan margin apabila bank-bank bersaing mendapatkan dana untuk menguruskan pinjaman/deposit
dan kehendak nisbah liputan kecairan. Di sebalik cabaran yang mendatang, pinjaman industri berkemungkinan tinggi bertumbuh di antara 7% dan 8% pada 2015,
sedikit rendah berbanding catatan 8% hingga 9% pada 2014. Pembiayaan perbankan Islam juga dijangka kekal mencatat pertumbuhan digit berganda pada tahun ini
berikutan usaha berterusan kerajaan menyokong industri ini seperti yang diumumkan dalam pembentangan Belanjawan 2015. Maju ke hadapan, kenaikan kos ekoran
pelaksanaan cukai barangan dan perkhidmatan dan kos peminjaman yang mungkin lebih tinggi akan mengurangkan perbelanjaan pengguna. Kejatuhan harga minyak mungkin
tidak akan memberi kesan secara langsung ke atas bank tetapi masih ada kesan yang perlu dipantau secara teliti terutamanya impak ke atas dasar ekonomi negara dan industri
minyak dan gas. Bagi bank-bank Islam terutamanya, langkah mengasingkan deposit dan Akaun Pelaburan di bawah Akta Perkhidmatan Kewangan Islam (IFSA) 2013
dijangka membawa beberapa perubahan dalam lanskap perbankan Islam, yang akan mendorong pemahaman yang lebih tinggi mengenai produk-produk dan perkhidmatan
perbankan Islam.
Di Bank Islam, kami memasuki fasa akhir pelan korporat Hijrah to Excellence H2E (2013-2015). Kami akan mengekalkan momentum pertumbuhan kami tetapi dengan
pendekatan berwaspada berikutan keadaan ekonomi semasa. Salah satu strategi pertahanan Bank adalah untuk memperluaskan hubungan sedia ada dan mengekalkan
pelanggan yang berkualiti. Bagi memelihara kualiti aset yang berwibawa, kami akan terus mengamalkan sikap berwaspada dalam piawaian taja jamin kami selain mengambil
langkah-langkah proaktif dalam pengutipan dan pemulihan bayaran balik pembiayaan. Kami juga ingin kekal agresif dan dinamik berhubung langkah-langkah utama dalam
memacu pembiayaan kos rendah, inovasi produk berterusan dan perluasan rantaian nilai menerusi pemasaran silang. Selain itu, kami juga berhasrat untuk mengembangkan
rangkaian cawangan Bank bagi mendapatkan deposit yang lebih tinggi dan memperluaskan jangkauan ke pasaran baharu. Pada masa ini, Bank Islam memiliki rangkaian
perbankan Islam terluas dengan 140 cawangan di seluruh negara dan menyasarkan untuk mencapai bilangan optimal sebanyak 150 cawangan menjelang penghujung 2015.
Kesemua inisiatif ini akan disokong oleh penekanan berterusan ke atas kecemerlangan perkhidmatan bagi mempertingkatkan pengalaman pelanggan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
182
RAM Rating Services Berhad 26 Ogos 2014 Penarafan jangka panjang: AA3
Penarafan jangka pendek: P1
Jangkaan: Stabil
JURUAUDIT
Juruaudit, Messrs KPMG Desa Megat & Co., telah menyatakan kesanggupan mereka untuk menerima perlantikan semula.
Ditandatangani bagi pihak Lembaga Pengarah sejajar dengan resolusi para Pengarah:
Kuala Lumpur,
Tarikh: 23 Mac 2015
Pada pendapat para Pengarah, penyata kewangan yang dibentangkan pada mukasurat 191 hingga 295 telah disediakan menurut Piawaian Laporan Kewangan Malaysia
(MFRS), Piawaian Laporan Kewangan Antarabangsa (IFRS), dan kehendak-kehendak Akta Syarikat, 1965 di Malaysia, serta kehendak-kehendak Syariah bagi memberi
pandangan yang benar dan saksama mengenai kedudukan kewangan Kumpulan dan Bank setakat 31 Disember 2014 serta prestasi kewangan dan aliran tunai mereka bagi
tahun kewangan yang baharu berakhir.
Ditandatangani bagi pihak Lembaga Pengarah sejajar dengan resolusi para Pengarah:
Kuala Lumpur,
Tarikh: 23 Mac 2015
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
184
Pengurusan Bank bertanggungjawab memastikan bahawa tatalaku dan urusan perniagaannya adalah sejajar dengan peraturan dan prinsip-prinsip Syariah, dan menjadi
tanggungjawab kami untuk membentuk pendapat bebas berdasarkan tinjauan kami ke atas tatalaku dan urusan perniagaan Bank dan menghasilkan laporan ini.
Kami telah mengadakan sebelas (11) mesyuarat semasa tahun kewangan di mana kami telah menilai antara lain produk-produk, urusniaga-urusniaga, perkhidmatan-
perkhidmatan, proses-proses dan dokumen-dokumen Bank.
Dalam melaksanakan peranan dan tanggungjawab kami, kami telah mendapatkan semua maklumat dan penjelasan yang kami anggap perlu dalam menyediakan bukti yang
mencukupi bagi memberi jaminan munasabah bahawa Bank telah mematuhi peraturan dan prinsip-prinsip Syariah.
Sebagai sebahagian daripada urus tadbir Syariah Bank di peringkat pengurusan, Ketua Pegawai Syariah yang melapor diri kepada kami memantau tatalaku dan keberkesanan
fungsi pematuhan dalaman Syariah iaitu Penyelidikan & Penasihat Syariah, Penilaian Syariah dan Pengurusan Risiko Syariah yang mana disokong lanjut oleh Audit Syariah
yang berpengkalan di Bahagian Audit Dalaman. Fungsi-fungsi ini berperanan, secara amnya, membantu dalam aktiviti-aktiviti penyelidikan & pembangunan produk yang
baharu, memperhalusi produk-produk & prosedur sedia ada, menyediakan latihan Syariah, menguruskan risiko ketidakpatuhan Syariah di seluruh Bank, menjalankan audit &
tinjauan Syariah di jabatan-jabatan dan cawangan-cawangan, bekerjasama dengan Majlis Penasihat Syariah dan menyediakan khidmat nasihat Syariah kepada pihak luar.
Berikut adalah perkembangan penting yang berlaku semasa tahun kewangan yang berada di bawah skop kami:
Semasa tahun tinjauan, tujuh belas (17) latihan dan sesi taklimat Syariah telah diadakan yang melibatkan 584 peserta dari kalangan kakitangan Bank di seluruh negara.
Bank juga telah mengadakan Kelas Induk Risiko Pematuhan Syariah untuk Lembaga Pengarah semasa tahun kewangan bagi membantu ahli-ahli Lembaga Pengarah memahami
risiko ketidakpatuhan Syariah yang berkaitan dengan urusan perniagaan Bank dan isu-isu yang berkaitan dengan risiko tersebut, selain implikasinya ke atas Bank.
Bank juga telah memulakan pelaksanaan program latihan Syariah berstruktur yang mengandungi enam (6) modul penting untuk kakitangan Bank. Bermula tahun ini,
semua kakitangan baharu Bank menjalani latihan modul pertama iaitu Muamalat 101 serentak dengan program orientasi di mana mereka didedahkan kepada asas-asas
Syariah dalam perbankan Islam.
Kami mendapati bahawa Bank telah melaksanakan langkah-langkah pengurusan risiko ketidakpatuhan Syariah secara berterusan dan bersungguh-sungguh. Semasa tahun
kewangan, Bank telah menyiapkan penubuhan perpustakaan profil risiko Syariah menerusi pelaksanaan alat penilaian risiko dan kawalan kendiri (RCSA) yang merangkumi
semua fungsi dalam semua aspek perniagaan.
Pelaksanaan RCSA bertujuan menilai tahap kepentingan risiko ketidakpatuhan Syariah yang telah dikenalpasti, menilai kepatuhan terhadap kawalan sedia ada dan
keberkesanan kawalan tersebut termasuk untuk menggesa kawalan tambahan bagi memberi jaminan munasabah bahawa tiada ketidakpatuhan Syariah akan berlaku dalam
usaha memenuhi matlamat perniagaan dalam fungsi masing-masing. Penilaian awal ke atas RCSA telah dibentangkan kepada kami dalam mesyuarat.
Penilaian Syariah dan Audit Syariah memegang peranan penting dalam memastikan Bank mematuhi kehendak Syariah iaitu dengan memeriksa dan menilai aktiviti-aktiviti
Bank di mana Penilaian Syariah mengesahkan pematuhan aktiviti yang dijalankan dengan peraturan dan prinsip-prinsip Syariah manakala Audit Syariah menyediakan jaminan
bebas bagi menambah nilai dan mempertingkatkan tahap pematuhan Syariah berkaitan aktiviti tersebut. Penilaian Syariah juga perlu melakukan penilaian ke atas produk-
produk baharu selepas 6 bulan (tidak lebih dari setahun) produk tersebut dilancarkan.
Pelan kedua-dua Audit Syariah dan Penilaian Syariah bagi tahun kewangan telah disemak dan diluluskan oleh kami untuk pelaksanaan. Laporan-laporannya telah dibincangkan
dalam mesyuarat kami bagi memastikan bahawa Bank telah mematuhi peraturan yang dikeluarkan oleh Majlis Penasihat Syariah Bank Negara Malaysia, Majlis Penasihat
Syariah Suruhanjaya Sekuriti (untuk hal-hal berkaitan pasaran modal) serta keputusan kami. Laporan-laporan tersebut dibentangkan kepada kami merangkumi entiti-entiti/
aspek-aspek berikut:
(1) Aktiviti berkaitan cawangan (melibatkan 5 cawangan) (1) Pusat Pemprosesan Pembiayaan
(2) Pusat Pemprosesan Pembiayaan (2) Produk Rumah dan Aset Tetap
Ibu Pejabat dan Pejabat Malaysia Timur (Kuching)
(3) Jabatan Pentadbiran Kredit (3) Pelanggan Perbankan Komersil terpilih yang menerima
Ibu Pejabat dan Pejabat Malaysia Timur (Kuching) pembiayaan modal kerja daripada Bank
(4) Jabatan Sumber Manusia (4) Akaun-i Labbaik (penilaian pasca-pelaksanaan ke atas produk baharu)
(5) Jabatan Perkhidmatan Urusniaga (5) Pusat Kad Bank Islam (BICC)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
186
Sepanjang 2014, kami telah mengesahkan tiga (3) kejadian kecil ketidakpatuhan Syariah bagi produk-produk berasaskan deposit ekoran kegagalan operasi dalam melaksanakan
aqad berikutan kekurangan pemahaman kakitangan yang menguruskan akaun terbabit. Produk-produk terlibat adalah:
Kami sedia maklum bahawa Bank telah mengambil langkah-langkah pembetulan serta pencegahan bagi mengelakkan kejadian yang sama berulang di masa hadapan.
Bagi menangani kejadian tersebut secara khusus, Bank telah mempertingkatkan kawalannya dan mengadakan taklimat kesedaran untuk fungsi-fungsi yang terlibat.
Kami juga mengesahkan bahawa kesemua kejadian dan pelan pembetulan telah dibentangkan kepada Lembaga Pengarah dan dilaporkan kepada Bank Negara Malaysia
sejajar dengan kehendak laporan ketidakpatuhan Syariah yang dinyatakan dalam Akta Perkhidmatan Kewangan Islam 2013 dan Rangka Kerja Urus Tadbir Syariah untuk
Institusi-institusi Kewangan Islam.
Semasa tahun kewangan, Bank telah mengesan pendapatan tidak patuh Syariah berjumlah RM3,360.01 yang merangkumi komisen daripada perniagaan peniaga kad yang
tidak patuh Syariah, faedah yang diterima daripada akaun nostro Bank serta penulenan sewa daripada tanah Bank yang digunakan bagi membantu urusniaga berasaskan
baiinah. Jumlah tersebut dilupuskan kepada tujuan kebajikan yang mana telah tertakluk kepada kelulusan kami.
Zakat Perniagaan
Semasa tahun kewangan, Bank telah memenuhi tanggungjawabnya membayar zakat perniagaan kepada badan-badan zakat dan zakat tersebut dikira menggunakan kaedah
modal pertumbuhan. Beberapa badan zakat telah mengembalikan sebahagian daripada zakat yang dibayar agar Bank bertindak sebagai wakil mereka dalam mengagihkannya
kepada golongan asnaf di kalangan individu yang memerlukan, masjid, organisasi bukan kerajaan, institusi pengajian tinggi (untuk tabung kebajikan pelajar) dan sekolah-
sekolah berdasarkan Garis Panduan Pembayaran Zakat Perniagaan yang telah diluluskan oleh kami.
Berdasarkan cadangan Bank berkaitan kaedah pengiraan zakat, kami telah meluluskan gunapakai kaedah pengiraan Zakat seperti yang disyorkan oleh Jabatan Wakaf,
Zakat dan Haji (JAWHAR) menerusi Manual Pengurusan Zakat Perbankan yang dipersetujui oleh semua agensi zakat di Malaysia. Sejajar dengan kaedah baharu ini,
Bank hanya akan membayar zakat ke atas bahagian Bank iaitu dana pemegang saham selain dana-dana lain yang diterima oleh Bank kecuali dana pendeposit. Sejajar
dengan ini, semua pemegang akaun deposit dan pelaburan dikehendaki membayar sendiri zakat ke atas deposit atau pelaburan mereka. Kaedah baharu ini mula berkuatkuasa
pada tahun kewangan 2015.
Kami juga telah meluluskan dalam mesyuarat, inisiatif-inisiatif bagi memperkukuhkan urus tadbir Syariah Bank yang merangkumi semakan ke atas Garis Panduan Pengurusan
Risiko Pematuhan Syariah dan Garis Panduan Penilaian Syariah yang bertujuan, antara lain, menetapkan rangka kerja Pengurusan Risiko Pematuhan Syariah dan proses-
proses penilaian Syariah. Selain itu, Terma Rujukan kami telah disemak semula pada tahun kewangan bagi mempertingkatkan lagi penyeliaan Syariah dengan memperincikan
elemen-elemen proses pembuatan keputusan Syariah serta matriks kelulusan Syariah ke atas dokumen-dokumen Bank.
Kami juga telah menyemak penyata kewangan Bank dan mengesahkan bahawa penyata kewangan tersebut adalah mematuhi peraturan dan prinsip-prinsip Syariah.
1. Kesemua kontrak, urusniaga dan urus janji yang dimeterai oleh Bank, kecuali tiga (3) kejadian kecil tidak patuh Syariah yang disebut di atas, semasa tahun kewangan
berakhir 31 Disember 2014 yang telah disemak adalah mematuhi peraturan dan prinsip-prinsip Syariah;
2. Peruntukan keuntungan dan caj kerugian berkaitan akaun pelaburan adalah mematuhi asas yang telah diluluskan oleh kami;
3. Pengiraan, pembayaran dan pengagihan zakat perniagaan adalah mematuhi peraturan dan prinsip-prinsip Syariah;
4. Kesemua pendapatan yang direalisasi daripada sumber atau cara yang dilarang oleh peraturan dan prinsip-prinsip Syariah berjumlah RM3,360.01 telah dilupuskan
kepada tujuan kebajikan.
Oleh itu, kami, Ustaz Dr Ahmad Shahbari @ Sobri Salamon dan Professor Dr Ahmad Hidayat Buang, sebagai dua daripada ahli Majlis Pengawasan Syariah Bank Islam
Malaysia Berhad, dengan ini mengesahkan, setakat kemampuan terbaik kami, bahawa operasi Bank bagi tahun kewangan berakhir 31 Disember 2014 telah dilaksanakan
dengan mematuhi peraturan dan prinsip Syariah.
Kami tidak menjadi saksi (terhadapnya) melainkan dengan apa yang kami ketahui dan kami tidak dapat menjaga perkara yang ghaib! (Surah Yusuf, ayat:81)
Kuala Lumpur,
Tarikh: 23 Mac 2015
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
188
AKUAN BERKANUN
menurut Seksyen 169(16) Akta Syarikat, 1965
Saya, Malkiat Singh @ Malkit Singh Maan a/l Delbara Singh, pegawai utama yang bertanggungjawab ke atas pengurusan kewangan Bank Islam Malaysia Berhad, sesungguhnya
dan sebenarnya mengakui bahawa penyata kewangan yang dibentangkan pada mukasurat 191 hingga 295, mengikut pengetahuan dan kepercayaan saya, adalah betul dan
saya membuat perakuan ini dengan sepenuh kepercayaan bahawa ia adalah benar dan memenuhi peruntukan Akta Akuan Berkanun, 1960.
Sesungguhnya dan sebenarnya diperakui oleh penama di atas di Kuala Lumpur pada 23 Mac 2015.
Para Pengarah Bank bertanggungjawab terhadap penyediaan penyata kewangan yang memberi gambaran yang benar dan saksama menurut Piawaian Laporan Kewangan
Malaysia, Piawaian Laporan Kewangan Antarabangsa dan keperluan Akta Syarikat, 1965 di Malaysia. Para Pengarah juga bertanggungjawab terhadap kawalan dalaman
sedemikian seperti yang dianggap perlu bagi membolehkan penyediaan penyata kewangan yang bebas daripada salah nyata penting, samada disebabkan penipuan atau
kesilapan.
Tanggungjawab Juruaudit
Tanggungjawab kami adalah untuk menyatakan pendapat tentang penyata kewangan ini berdasarkan audit kami. Kami telah menjalankan pengauditan mengikut piawaian
pengauditan yang diluluskan di Malaysia. Piawaian tersebut mengkehendaki kami mematuhi keperluan etika serta merancang dan melaksanakan audit bagi mendapatkan
jaminan munasabah bahawa penyata kewangan ini adalah bebas daripada salah nyata penting.
Audit melibatkan pelaksanaan prosedur bagi mendapatkan bukti audit tentang amaun dan pendedahan dalam penyata kewangan. Prosedur yang dipilih bergantung pada
pertimbangan kami, termasuk penilaian risiko akibat salah nyata yang penting dalam penyata kewangan, sama ada disebabkan penipuan atau kesilapan. Dalam melakukan
penilaian risiko, kami menilai kawalan dalaman yang berkaitan dengan penyediaan penyata kewangan oleh Kumpulan dan Bank yang memberi gambaran yang benar dan
saksama bagi membentuk prosedur audit yang sesuai dengan keadaan, tetapi bukan bertujuan untuk memberi pendapat tentang keberkesanan kawalan dalaman Kumpulan
dan Bank. Audit juga melibatkan penilaian kesesuaian dasar perakaunan yang digunakan dan kewajaran anggaran perakaunan yang dibuat oleh para Pengarah, serta penilaian
pembentangan keseluruhan penyata kewangan.
Kami yakin bahawa bukti audit yang kami peroleh adalah mencukupi dan sesuai bagi menyediakan asas untuk pendapat audit kami.
Pendapat
Pada pendapat kami, penyata kewangan ini memberi gambaran yang benar dan saksama tentang kedudukan kewangan bagi Kumpulan dan Bank setakat 31 Disember 2014
serta prestasi kewangan dan aliran tunai bagi tahun kewangan berakhir tersebut, menurut Piawaian Laporan Kewangan Malaysia, Piawaian Laporan Kewangan Antarabangsa
dan keperluan Akta Syarikat, 1965 di Malaysia.
(a) Pada pendapat kami, rekod perakaunan dan rekod lain serta senarai daftar yang diperlukan oleh Akta untuk disimpan oleh Bank dan anak-anak syarikatnya telah disimpan
dengan sempurna menurut peruntukan Akta tersebut.
(b) Kami berpuas hati bahawa akaun anak-anak syarikat yang disatukan dengan penyata kewangan Bank adalah dalam bentuk dan isi kandungan yang sesuai dan wajar
bagi tujuan penyediaan penyata kewangan Kumpulan dan kami telah menerima maklumat dan penjelasan yang memuaskan yang diperlukan oleh kami untuk tujuan
tersebut.
(c) Laporan audit tentang akaun anak-anak syarikat tidak mengandungi sebarang syarat atau ulasan buruk yang dibuat di bawah Seksyen 174(3) Akta tersebut.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
190
PERKARA-PERKARA LAIN
Laporan ini dibuat hanya untuk ahli Bank, sebagai sebuah badan, menurut Seksyen 174 Akta Syarikat, 1965 di Malaysia dan bukan untuk sebarang tujuan lain. Kami tidak
bertanggungjawab ke atas mana-mana pihak lain untuk isi kandungan laporan ini.
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
NOTA RM000 RM000 RM000 RM000
Aset
Tunai dan dana jangka pendek 3 3,164,628 3,600,343 3,164,402 3,598,078
Deposit dan simpanan di bank dan institusi kewangan lain 4 104,725 130,580 104,725 130,580
Aset kewangan dipegang untuk dagangan 5 921,629 1,216,895 916,539 1,216,895
Aset kewangan derivatif 6 62,541 29,118 62,541 29,118
Aset kewangan sedia untuk jualan 7 10,236,663 12,416,921 10,237,120 12,418,932
Aset kewangan dipegang hingga matang 8 60,752 63,327 60,752 63,327
Pembiayaan, pendahuluan dan lain-lain 9 29,524,571 23,740,948 29,524,571 23,740,948
Aset lain 10 126,535 41,384 124,902 39,167
Deposit berkanun dengan Bank Negara Malaysia 11 1,335,000 1,297,100 1,335,000 1,297,100
Aset cukai semasa 40,523 40,588 40,468 40,468
Aset cukai tertunda 12 31,220 24,613 31,220 24,613
Pelaburan dalam anak-anak syarikat 13 15,525 28,027
Hartanah dan peralatan 14 211,895 209,554 211,522 209,278
Ekuiti
Modal saham 19 2,319,907 2,298,165 2,319,907 2,298,165
Rizab 1,409,683 1,028,670 1,410,721 1,031,209
Nota-nota pada muka surat 197 hingga 295 membentuk bahagian penting penyata kewangan ini.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
192
KUMPULAN BANK
2014 2013 2014 2013
NOTA RM000 RM000 RM000 RM000
Perbelanjaan komprehensif lain bagi tahun, ditolak cukai (47,305) (151,413) (47,335) (151,443)
Nota-nota pada muka surat 197 hingga 295 membentuk bahagian penting penyata kewangan ini.
Pada 31 Disember 2013/1 Januari 2014 2,298,165 52,281 722,567 253,822 3,326,835
Nota 20
Nota-nota pada muka surat 197 hingga 295 membentuk bahagian penting penyata kewangan ini.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
194
Pada 31 Disember 2013/1 Januari 2014 2,298,165 52,281 722,539 256,389 3,329,374
Nota 20
Nota-nota pada muka surat 197 hingga 295 membentuk bahagian penting penyata kewangan ini.
KUMPULAN BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Pelarasan untuk:
Bahagian keputusan syarikat bersekutu 349
Susut nilai hartanah dan peralatan 49,995 46,279 49,882 46,191
Kerugian bersih atas pelupusan hartanah dan peralatan 1,394 1,514 1,394 1,497
Peruntukan hartanah dan peralatan dihapus kira 4,608 4,236
Peruntukan taksiran kolektif 162,878 141,621 162,878 141,621
Peruntukan taksiran individu 34,055 79,103 34,055 79,103
Penarikbalikan kerugian penjejasan ke atas aset lain (710) (5,570) (710) (5,570)
(Penarikbalikan)/Peruntukan kerugian penjejasan ke atas aset kewangan sedia untuk jualan (2,872) 9,537 (2,872) 9,537
Penarikbalikan kerugian penjejasan ke atas aset kewangan dipegang hingga matang (106) (326) (106) (326)
Kerugian penjejasan ke atas pelaburan dalam anak syarikat 1,656
Kerugian bersih ke atas jualan aset kewangan yang dipegang untuk dagangan 3,364 9,542 3,364 9,542
Keuntungan bersih ke atas jualan aset kewangan sedia untuk jualan (21,685) (14,412) (21,685) (14,412)
Keuntungan nilai saksama ke atas aset kewangan yang dipegang untuk dagangan (2,731) (9,150) (2,731) (9,150)
Dividen daripada anak syarikat (800) (6,400)
Dividen daripada sekuriti (2,648) (6,477) (2,648) (6,477)
Kerugian/(Keuntungan) derivatif bersih 2,370 (9,163) 2,370 (9,163)
Keuntungan operasi sebelum perubahan dalam aset dan liabiliti 926,055 924,738 925,237 923,247
Tunai (digunakan dalam)/dijana daripada aktiviti operasi (2,607,807) 1,457,785 (2,624,290) 1,449,306
Zakat dibayar (12,476) (9,045) (12,428) (9,013)
Cukai dibayar (185,878) (155,728) (185,705) (155,399)
Bayaran balik cukai 169 66
Tunai bersih (digunakan dalam)/dijana daripada aktiviti operasi (2,805,992) 1,293,078 (2,822,423) 1,284,894
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
196
KUMPULAN BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Tunai bersih dijana daripada aktiviti pelaburan 2,427,496 874,375 2,433,593 880,787
Tunai bersih digunakan dalam aktiviti pembiayaan (60,442) (110,443) (48,042) (110,443)
(Penyusutan)/Kenaikan bersih tunai dan kesetaraan tunai (438,938) 2,057,010 (436,872) 2,055,238
Tunai dan kesetaraan tunai pada 1 Januari 3,730,923 1,695,908 3,728,658 1,695,442
Perbezaan tukaran ke atas terjemahan (22,632) (21,995) (22,659) (22,022)
Tunai dan kesetaraan tunai pada 31 Disember 3,269,353 3,730,923 3,269,127 3,728,658
Nota-nota pada muka surat 197 hingga 295 membentuk bahagian penting penyata kewangan ini.
Bank adalah sebuah syarikat liabiliti berhad, diperbadankan dan bermastautin di Malaysia. Alamat pejabat berdaftar dan pejabat utama perniagaannya adalah seperti
berikut:
Syarikat pemegang langsung Bank ialah BIMB Holdings Berhad, sebuah syarikat liabiliti berhad awam yang diperbadankan di Malaysia dan disenaraikan di Papan
Utama Bursa Malaysia Securities Berhad.
Lembaga pemegang utama ialah Lembaga Tabung Haji (LTH), sebuah lembaga tabung jemaah haji yang ditubuhkan di bawah Akta Tabung Haji 1995 (Akta 535).
Penyata kewangan disatukan terdiri daripada Bank dan anak-anak syarikatnya (dirujuk bersama sebagai Kumpulan).
Penyata kewangan ini telah diluluskan oleh Lembaga Pengarah pada 6 Februari 2015.
Penyata kewangan Kumpulan dan Bank telah disediakan menurut Piawaian Laporan Kewangan Malaysia (MFRS), Piawaian Laporan Kewangan
Antarabangsa (IFRS), peruntukan Akta Syarikat, 1965 dan kehendak-kehendak Syariah.
Berikut adalah piawaian, pindaan dan tafsiran perakaunan rangka kerja MFRS yang telah dikeluarkan oleh Lembaga Piawaian Perakaunan Malaysia
(MASB) tetapi belum diterima pakai oleh Kumpulan dan Bank.
MFRS, Tafsiran dan pindaan yang berkuatkuasa bagi tempoh tahunan bermula pada atau selepas 1 Julai 2014
Pindaan kepada MFRS 1, Gunapakai Pertama Kali Piawaian Laporan Kewangan Malaysia (Peningkatan Tahunan Pusingan 2011-2013)
Pindaan kepada MFRS 2, Bayaran Berasaskan Saham (Peningkatan Tahunan Pusingan 2010-2012)
Pindaan kepada MFRS 3, Kombinasi Perniagaan (Peningkatan Tahunan Pusingan 2010-2012 dan 2011-2013)
Pindaan kepada MFRS 8, Segmen Operasi (Peningkatan Tahunan Pusingan 2010-2012)
Pindaan kepada MFRS 13, Ukuran Nilai Saksama (Peningkatan Tahunan Pusingan 2010-2012 dan 2011-2013)
Pindaan kepada MFRS 116, Hartanah, Loji dan Peralatan (Peningkatan Tahunan Pusingan 2010-2012)
Pindaan kepada MFRS 119, Manfaat Kakitangan Pelan Manfaat Tertakrif: Caruman Kakitangan
Pindaan kepada MFRS 124, Pendedahan Pihak Berkaitan (Peningkatan Tahunan Pusingan 2010-2012)
Pindaan kepada MFRS 138, Aset Tak Nyata (Peningkatan Tahunan Pusingan 2010-2012)
Pindaan kepada MFRS 140, Hartanah Pelaburan (Peningkatan Tahunan Pusingan 2011-2013)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
198
MFRS, Tafsiran dan pindaan yang berkuatkuasa bagi tempoh tahunan bermula pada atau selepas 1 Januari 2016
Pindaan kepada MFRS 5, Aset Bukan Semasa Dipegang untuk Jualan dan Operasi yang Ditamatkan (Peningkatan Tahunan Pusingan 2012-2014)
Pindaan kepada MFRS 7, Instrumen Kewangan: Pendedahan (Peningkatan Tahunan Pusingan 2012-2014)
Pindaan kepada MFRS 10, Gabungan Penyata Kewangan dan MFRS 128, Pelaburan dalam Syarikat Sekutu dan Usahasama Jualan atau Sumbangan
Aset di antara Pelabur dengan Syarikat Sekutu atau Usahasama
Pindaan kepada MFRS 10, Gabungan Penyata Kewangan, MFRS 12, Pendedahan Kepentingan dalam Entiti Lain dan MFRS 128, Pelaburan dalam
Syarikat Sekutu dan Usahasama Entiti Pelaburan: Menggunapakai Pengecualian Gabungan
Pindaan kepada MFRS 11, Urus Janji Bersama Perakaunan untuk Pemerolehan Kepentingan dalam Operasi Bersama
MFRS 14, Akaun Penundaan Kawal Selia
Pindaan kepada MFRS 101, Pembentangan Penyata Kewangan Inisiatif Pendedahan
Pindaan kepada MFRS 116, Hartanah, Loji dan Peralatan dan MFRS 138, Aset Tak Nyata Penjelasan Kaedah Boleh Terima bagi Susut Nilai dan
Pelunasan
Pindaan kepada MFRS 116, Hartanah, Loji dan Peralatan dan MFRS 141, Agrikultur Agrikultur: Loji Pembawa
Pindaan kepada MFRS 119, Imbuhan Kakitangan (Peningkatan Tahunan Pusingan 2012-2014)
Pindaan kepada MFRS 127, Penyata Kewangan Berasingan Kaedah Ekuiti dalam Penyata Kewangan Berasingan
Pindaan kepada MFRS 134, Laporan Kewangan Interim (Peningkatan Tahunan Pusingan 2012-2014)
MFRS, Tafsiran dan pindaan berkuatkuasa bagi tempoh tahunan bermula pada atau selepas 1 Januari 2017
MFRS, Tafsiran dan pindaan berkuatkuasa bagi tempoh tahunan bermula pada atau selepas 1 Januari 2018
Kumpulan dan Bank merancang untuk menggunapakai piawaian, pindaan dan tafsiran di atas:
bermula tempoh tahunan 1 Januari 2015 bagi piawaian perakaunan, pindaan atau tafsiran yang berkuatkuasa bagi tempoh tahunan bermula pada
atau selepas 1 Julai 2014, kecuali untuk Pindaan kepada MFRS 2, Pindaan kepada MFRS 119, Pindaan kepada MFRS 138 dan Pindaan kepada
MFRS 140.
bermula tempoh tahunan 1 Januari 2016 bagi piawaian perakaunan, pindaan atau tafsiran yang berkuatkuasa bagi tempoh tahunan bermula pada atau
selepas 1 Januari 2016, kecuali untuk Pindaan kepada MFRS 11 dan MFRS 14 yang tidak digunapakai untuk Kumpulan dan Bank.
bermula tempoh tahunan 1 Januari 2017 bagi piawaian perakaunan, pindaan atau tafsiran yang berkuatkuasa bagi tempoh tahunan bermula pada atau
selepas 1 Januari 2017.
bermula tempoh tahunan 1 Januari 2018 bagi piawaian perakaunan, pindaan atau tafsiran yang berkuatkuasa bagi tempoh tahunan bermula pada atau
selepas 1 Januari 2018.
Penggunaan awal piawaian perakaunan, pindaan dan tafsiran dijangka tidak akan mempunyai apa-apa kesan kewangan yang ketara ke atas penyata
kewangan Kumpulan dan Bank bagi tempoh semasa dan sebelumnya kecuali seperti yang dinyatakan di bawah:
MFRS 15 menggantikan panduan dalam MFRS 111, Kontrak Pembinaan, MFRS 118, Perolehan, Tafsiran IC 13, Program Kesetiaan Pelanggan, Tafsiran
IC 15, Perjanjian Pembinaan Harta Tanah, Tafsiran IC 18, Pemindahan Aset daripada Pelanggan dan Tafsiran IC 131, Perolehan Urusniaga Barter
Melibatkan Khidmat Pengiklanan.
Kumpulan pada masa ini sedang menilai impak kewangan yang mungkin timbul daripada gunapakai MFRS 15.
MFRS 9 menggantikan panduan dalam MFRS 139, Instrumen Kewangan: Pengiktirafan dan Ukuran ke atas klasifikasi dan ukuran aset kewangan dan
liabiliti kewangan. Apabila menggunapakai MFRS 9, aset kewangan akan diukur sama ada pada nilai saksama atau kos dilunaskan. Pelaburan Kumpulan
dalam saham tidak disebut harga dijangka akan diukur pada nilai saksama menerusi pendapatan komprehensif.
Gunapakai MFRS 9 akan menyebabkan perubahan dalam dasar perakaunan. Kumpulan pada masa ini sedang menilai impak kewangan berikutan gunapakai
MFRS 9.
Penyata kewangan telah disediakan di bawah kaedah kos sejarah kecuali bagi instrumen kewangan derivatif, aset kewangan dipegang untuk dagangan dan
aset kewangan sedia untuk jualan, yang mana telah diukur pada nilai saksama.
Penyata kewangan dibentangkan dalam Ringgit Malaysia (RM), yang merupakan matawang fungsi Bank dan semua nilai dibundarkan kepada ribu
terdekat (RM000), kecuali dinyatakan sebaliknya.
Dalam penyediaan penyata kewangan, pihak pengurusan dikehendaki membuat pertimbangan, anggaran dan andaian yang memberi kesan ke atas
gunapakai dasar-dasar perakaunan dan jumlah yang dilaporkan bagi aset, liabiliti, pendapatan dan perbelanjaan. Keputusan sebenar mungkin berbeza
daripada anggaran. Anggaran dan andaian tersirat disemak secara berterusan. Semakan ke atas anggaran perakaunan diiktiraf dalam penyata kewangan
pada tempoh di mana anggaran tersebut disemak dan mana-mana tempoh masa hadapan yang berkaitan.
Aspek-aspek penting anggaran, ketidakpastian dan pertimbangan kritikal yang digunakan dalam gunapakai dasar-dasar perakaunan yang mempunyai kesan
penting dalam penentuan jumlah yang diiktiraf dalam penyata kewangan dijelaskan dalam nota-nota berikut:
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
200
Anak syarikat adalah entiti, termasuk entiti berstruktur, yang dikawal oleh Bank. Penyata kewangan anak syarikat disertakan dalam penyata kewangan
disatukan dari tarikh berkuatkuasa kawalan tersebut sehingga tarikh kawalan tersebut tamat.
Kumpulan mengawal sesuatu entiti apabila ia terdedah, atau memiliki hak, ke atas pelbagai pulangan hasil daripada penglibatannya dengan entiti
terbabit, dan berupaya mempengaruhi pulangan tersebut menerusi kuasanya ke atas entiti terbabit. Potensi hak mengundi dipertimbangkan ketika menilai
kawalan hanya apabila hak tersebut adalah penting. Kumpulan juga menganggap ia memiliki kuasa de facto ke atas sesuatu pelabur apabila, walaupun
tidak memiliki hak mengundi majoriti, ia memiliki keupayaan untuk mengawal aktiviti pelabur tersebut yang mana memberi kesan besar ke atas pulangan
pelabur itu.
Pelaburan dalam anak syarikat diukur dalam penyata kedudukan kewangan Bank pada kos ditolak kerugian kemerosotan nilai, jika ada. Apabila terdapat
tanda-tanda kemerosotan, jumlah bawaan pelaburan itu ditaksir. Penurunan nilai dibuat jika jumlah bawaan melebihi jumlah yang boleh diperoleh
semula.
Gabungan perniagaan dijelaskan menggunakan kaedah pemerolehan daripada tarikh pemerolehan, yang merupakan tarikh di mana kawalan dipindahkan
kepada Kumpulan.
Bagi pemerolehan baru, Kumpulan telah mengukur kos muhibbah pada tarikh pemerolehan sebagai:
sekiranya gabungan perniagaan dicapai secara berperingkat, nilai saksama kepentingan ekuiti sedia ada dalam pengambilalihan; ditolak
jumlah bersih diiktiraf (amnya nilai saksama) aset-aset diperolehi dan liabiliti-liabiliti yang boleh dikenalpasti.
Apabila lebihan adalah negatif, keuntungan pembelian bertawar diiktiraf serta-merta dalam untung atau rugi.
Bagi setiap gabungan perniagaan, Kumpulan memilih untuk mengukur kepentingan tidak dikawal dalam pengambilalihan samada pada nilai saksama atau
pada bahagian berkadaran aset-aset bersih pengambilalihan yang boleh dikenalpasti pada tarikh pemerolehan.
Kos urusniaga, selain daripada yang berkaitan dengan terbitan hutang atau sekuriti ekuiti yang ditanggung oleh Kumpulan yang berkaitan dengan satu
gabungan perniagaan, dibelanjakan apabila tanggungan berlaku.
Sebaik berlaku kehilangan kawalan ke atas sesebuah anak syarikat, Kumpulan menyahiktiraf aset-aset dan liabiliti-liabiliti anak syarikat tersebut, sebarang
kepentingan tidak dikawal dan komponen ekuiti lain yang berkaitan dengan anak syarikat tersebut. Sebarang lebihan atau defisit yang timbul daripada
kehilangan kawalan diiktiraf dalam untung atau rugi. Sekiranya Kumpulan mengekalkan sebarang kepentingan dalam anak syarikat terdahulu, maka
kepentingan tersebut diukur pada nilai saksama pada tarikh kehilangan kawalan berlaku. Ia seterusnya dijelaskan sebagai penerima pelaburan berkaitan
ekuiti atau sebagai aset kewangan sedia untuk jualan bergantung kepada tahap pengaruh yang dikekalkan.
(d) Sekutu
Syarikat bersekutu adalah entiti, termasuk entiti tidak diperbadankan, di mana Kumpulan mempunyai pengaruh yang besar tetapi bukan kawalan atas
dasar kewangan dan operasi.
Pelaburan dalam syarikat bersekutu dijelaskan dalam penyata kewangan disatukan Kumpulan menggunakan kaedah ekuiti ditolak sebarang kerugian
kemerosotan. Kos pelaburan adalah termasuk kos urusniaga. Penyata kewangan disatukan merangkumi bahagian keuntungan atau kerugian Kumpulan dan
pendapatan komprehensif lain syarikat bersekutu, selepas pelarasan jika ada, bagi menyelaraskan dasar-dasar perakaunan dengan dasar-dasar Kumpulan,
dari tarikh pengaruh bermula sehingga tarikh pengaruh luput.
Apabila bahagian kerugian Kumpulan melebihi kepentingannya dalam syarikat bersekutu terbabit, jumlah bawaan kepentingan tersebut termasuk sebarang
pelaburan jangka panjang disifarkan, dan pengiktirafan kerugian selanjutnya dihentikan melainkan Kumpulan telah menanggung obligasi atau membuat
bayaran bagi pihak syarikat bersekutu.
Apabila Kumpulan tidak lagi mempunyai pengaruh yang besar ke atas sebuah syarikat sekutu, sebarang kepentingan tersimpan dalam mantan sekutu
tersebut pada tarikh di mana pengaruh besar hilang akan diukur pada nilai saksama dan jumlah ini dianggap sebagai jumlah bawaan awal bagi aset
kewangan tersebut. Perbezaan di antara nilai saksama sebarang kepentingan yang dikekalkan ditambah hasil daripada kepentingan yang dilupuskan dan
nilai bawaan pelaburan tersebut pada tarikh kaedah ekuiti dihentikan adalah diiktiraf dalam untung atau rugi.
Apabila kepentingan Kumpulan dalam sesebuah syarikat sekutu berkurangan tetapi tidak membawa kepada kehilangan pengaruh yang besar, sebarang
kepentingan tersimpan tidak diukur semula. Sebarang keuntungan atau kerugian yang terhasil daripada pengurangan kepentingan tersebut diiktiraf dalam
untung atau rugi. Sebarang keuntungan atau kerugian yang diiktiraf sebelum ini dalam pendapatan komprehensif lain juga diklasifikasi semula secara
berkadaran dalam untung atau rugi, jika keuntungan atau kerugian tersebut perlu diklasifikasikan ke untung atau rugi kerana pelupusan aset atau liabiliti
yang berkaitan.
Dalam penyata kewangan berasingan Bank, pelaburan dalam syarikat bersekutu dinyatakan pada kos ditolak kerugian kemerosotan, jika ada. Kos pelaburan
tersebut adalah termasuk kos urusniaga.
Dalam penyediaan penyata kewangan disatukan, baki dan urusniaga intra-kumpulan serta sebarang pendapatan dan perbelanjaan yang tidak direalisasi
hasil daripada urusniaga intra-kumpulan akan dihapuskan.
Keuntungan tidak direalisasi yang timbul daripada urusniaga dengan syarikat sekutu akan dihapuskan sehingga tahap kepentingan Kumpulan dalam sekutu
tersebut. Kerugian tidak direalisasi akan dihapuskan dengan cara yang sama seperti keuntungan tidak direalisasi tetapi hanya sehingga tahap di mana tidak
terdapat bukti kemerosotan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
202
Dalam menyediakan penyata kewangan setiap entiti Kumpulan, urusniaga dalam matawang asing diterjemah ke dalam matawang fungsi entiti Kumpulan
berkaitan pada kadar tukaran pada tarikh urusniaga tersebut.
Aset dan liabiliti monetari yang disebut dalam matawang asing pada tarikh kedudukan kewangan diterjemah semula ke dalam matawang fungsi pada kadar
tukaran pada tarikh tersebut.
Aset dan liabiliti bukan monetari yang disebut dalam matawang asing tidak diterjemah semula pada tarikh akhir laporan kecuali bagi yang diukur pada nilai
saksama diterjemah semula kepada matawang fungsi pada kadar tukaran pada tarikh di mana nilai saksama tersebut ditentukan.
Perbezaan matawang asing yang terhasil daripada terjemahan semula diiktiraf dalam untung atau rugi, kecuali bagi perbezaan yang terhasil daripada
terjemahan semula instrumen ekuiti sedia untuk jualan atau instrumen kewangan yang disediakan sebagai pelindung nilai bagi risiko matawang, yang mana
diiktiraf dalam pendapatan komprehensif lain.
Dalam penyata kewangan disatukan, apabila penyelesaian bagi item monetari diterima daripada atau dibayar kepada operasi asing tidak dirancang dan
tidak pula dijangka berlaku pada masa depan, maka keuntungan dan kerugian tukaran asing yang berpunca daripada item monetari tersebut dianggap
membentuk sebahagian daripada pelaburan bersih dalam operasi asing serta diiktiraf dalam pendapatan komprehensif lain, dan dibentangkan dalam Rizab
Terjemahan dalam ekuiti.
(b) Operasi asing dalam matawang fungsi selain daripada Ringgit Malaysia (RM)
Aset-aset dan liabiliti-liabiliti operasi dalam matawang fungsi selain daripada RM, termasuk pelarasan nilai saksama yang timbul daripada pemerolehan,
diterjemah kepada RM pada kadar tukaran pada tarikh kedudukan kewangan. Pendapatan dan perbelanjaan operasi asing tersebut diterjemah kepada RM
pada kadar tukaran purata bagi tempoh tinjauan.
Kesemua perbezaan tukaran yang terhasil diiktiraf dalam pendapatan komprehensif lain dan terkumpul di Rizab Terjemahan dalam ekuiti.
Tunai dan kesetaraan tunai adalah termasuk tunai dan dana jangka pendek, serta deposit dan simpanan di bank dan institusi kewangan lain.
Aset kewangan atau liabiliti kewangan diiktiraf dalam penyata kedudukan kewangan apabila, dan hanya apabila, Kumpulan atau Bank menjadi pihak dalam
peruntukan kontrak instrumen tersebut.
Instrumen kewangan pada mulanya diiktiraf pada tambahan nilai saksama, dalam kes di mana instrumen kewangan tidak berada pada nilai saksama menerusi
untung atau rugi, kos urusniaga yang timbul secara langsung dari pemerolehan atau terbitan instrumen kewangan tersebut.
Aset-aset kewangan
Pembiayaan dan akaun belum terima adalah aset-aset kewangan bukan derivatif dengan bayaran tetap atau boleh ditentukan yang tidak disebut harga
dalam pasaran aktif dan yang mana Kumpulan tidak berhasrat untuk menjualnya dengan segera atau dalam tempoh terdekat. Pembiayaan dan akaun
belum terima Kumpulan terdiri daripada kontrak jual beli (iaitu Bai Bithaman Ajil, Bai Al-Inah, Murabahah dan At-Tawarruq), kontrak berasaskan pajakan
(iaitu Ijarah Muntahiah Bit-Tamleek dan Ijazah Thumma Al-Bai), kontrak berasaskan pembinaan (Istisna) dan kontrak Ar-Rahnu.
Kontrak-kontrak ini seterusnya diukur pada kos dilunaskan menggunakan kaedah kadar keuntungan efektif. Kontrak dinyatakan selepas ditolak pendapatan
belum diperolehi dan sebarang kerugian kemerosotan.
(b) Aset-aset kewangan pada nilai saksama menerusi untung atau rugi
Aset kewangan pada nilai saksama menerusi untung dan rugi adalah samada:
Aset kewangan yang diperolehi atau didapati terutamanya untuk tujuan jualan atau pembelian semula pada tempoh terdekat atau ia adalah sebahagian
daripada portfolio yang diuruskan bersama dan yang mana terdapat bukti sebenar terkini mengenai pengambilan keuntungan secara jangka pendek;
atau
Aset-aset kewangan memenuhi sekurang-kurangnya satu daripada kriteria berikut selepas penetapannya:
ia menghapuskan atau mengurangkan dengan ketara percanggahan ukuran atau pengiktirafan yang akan timbul daripada pengukuran aset kewangan,
atau pengiktirafan keuntungan atau kerugian ke atasnya, menggunakan asas yang berlainan; atau
aset kewangan mengandungi derivatif terbenam yang perlu direkodkan secara berasingan
Aset-aset kewangan ini seterusnya diukur pada nilai saksamanya dan sebarang keuntungan atau kerugian yang timbul daripada perubahan dalam nilai
saksama akan diiktiraf dalam untung atau rugi.
Aset-aset kewangan yang dipegang hingga matang adalah aset kewangan bukan derivatif dengan bayaran tetap atau ditentukan dan tempoh matang tetap
yang mana Kumpulan mempunyai tujuan dan kemampuan positif untuk memegangnya sehingga matang. Aset-aset kewangan ini seterusnya diukur pada
kos dilunaskan menggunakan kaedah kadar keuntungan efektif, ditolak sebarang kerugian kemerosotan.
Sebarang jualan atau klasifikasi semula dalam jumlah yang besar bagi aset kewangan yang dipegang hingga matang tetapi belum menghampiri tempoh
matang akan menghasilkan klasifikasi semula kesemua aset kewangan yang dipegang hingga matang menjadi aset kewangan sedia untuk jualan dan
Kumpulan akan dihalang daripada mengklasifikasikan sebarang aset kewangan sebagai aset kewangan yang dipegang hingga matang bagi tahun kewangan
semasa dan dua tahun kewangan seterusnya.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
204
Aset kewangan sedia untuk jualan adalah aset kewangan yang samada ditetapkan dalam kategori ini atau tidak diklasifikasikan dalam mana-mana kategori
lain dan diukur pada nilai saksama.
Pelaburan dalam instrumen ekuiti yang tidak mempunyai harga pasaran disebut harga dalam pasaran aktif dan yang mana nilai saksamanya tidak boleh
diukur dengan tepat adalah dinyatakan pada kos ditolak sebarang kerugian kemerosotan. Sebarang keuntungan atau kerugian daripada perubahan dalam
nilai saksama adalah diiktiraf dalam rizab nilai saksama menerusi penyata perubahan ekuiti sehingga sekuriti terbabit dijual, dilupuskan atau merosot,
yang mana pada masa itu keuntungan atau kerugian terkumpul yang sebelum ini diiktiraf dalam ekuiti akan dipindahkan kepada untung atau rugi.
Keuntungan atau kerugian daripada jualan sekuriti sedia untuk jualan diiktiraf dalam untung atau rugi.
Kesemua aset kewangan, kecuali yang diukur pada nilai saksama menerusi untung atau rugi, adalah tertakluk kepada semakan untuk kemerosotan.
Lihat Nota 2.10 Kemerosotan.
Kumpulan dan Bank memegang instrumen kewangan derivatif bagi melindung nilai pendedahan matawang asing dan kadar keuntungannya. Walau bagaimanapun,
Kumpulan dan Bank memilih untuk tidak melaksanakan perakaunan lindung nilai. Kedudukan dagangan tukaran asing, termasuk kontrak lani dan hadapan,
dinilai semula pada kadar pasaran lazim pada tarikh penyata kedudukan kewangan dan keuntungan serta kerugian yang terhasil bagi tahun kewangan diiktiraf
dalam untung atau rugi.
Derivatif terbenam diiktiraf secara berasingan daripada kontrak hos dan dijelaskan sebagai derivatif jika, dan hanya jika, ia tidak berkait rapat dengan ciri-ciri
dan risiko ekonomi kontrak hos dan kontrak hos tidak dikategorikan pada nilai saksama menerusi untung atau rugi. Kontrak hos, dalam kes di mana derivatif
terbenam diiktiraf secara berasingan, dijelaskan sejajar dengan dasar yang berwajaran dengan ciri-ciri kontrak hos.
Liabiliti kewangan
Semua liabiliti kewangan akan diukur pada kos dilunaskan selain daripada yang dikategorikan sebagai nilai saksama melalui untung atau rugi.
Nilai saksama melalui kategori untung atau rugi terdiri daripada liabiliti kewangan seperti derivatif atau liabiliti kewangan yang ditetapkan secara khusus dalam
kategori ini selepas pengiktirafan awal.
Derivatif yang dikaitkan dengan dan mesti diselesaikan melalui penyerahan instrumen ekuiti yang tidak mempunyai harga sebutan dalam pasaran aktif untuk
instrument yang serupa, yang jika tidak nilai saksamanya tidak boleh diukur dengan tepat, adalah diukur pada kos.
Liabiliti kewangan lain yang dikategorikan sebagai nilai saksama melalui untung atau rugi kemudiannya diukur pada nilai saksamanya dengan keuntungan atau
kerugian yang diiktiraf dalam untung atau rugi.
Kontrak jaminan kewangan adalah satu kontrak yang memerlukan Kumpulan membuat bayaran khusus bagi membayar balik kepada pemegang kerugian yang
dialami ekoran penghutang tertentu gagal membuat bayaran pada masanya menurut terma-terma instrumen hutang yang asal atau telah diubahsuai.
Kontrak jaminan kewangan diklasifikasi sebagai pendapatan tertunggak dan dilunaskan kepada untung atau rugi menggunakan kaedah garis lurus mengikut
tempoh kontrak atau, apabila tidak terdapat tempoh kontrak yang ditetapkan, diiktiraf dalam untung atau rugi sebaik jaminan tersebut dilepaskan. Apabila
terdapat kemungkinan penyelesaian kontrak jaminan kewangan, anggaran tanggungan tersebut akan dibuat. Sekiranya nilai bawaan kontrak jaminan kewangan
tersebut lebih rendah daripada tanggungan, nilai bawaan itu diselaraskan kepada jumlah tanggungan dan dijelaskan sebagai peruntukan.
Penyahiktirafan
Sesuatu aset kewangan atau sebahagian daripadanya dinyahiktiraf apabila, dan hanya apabila, hak kontrak terhadap aliran tunai daripada aset kewangan
tersebut luput atau aset kewangan tersebut dipindahkan kepada pihak lain tanpa mengekalkan kawalan atau sebahagian besar risiko dan ganjaran aset tersebut.
Apabila aset kewangan dinyahiktiraf, perbezaan di antara jumlah bawaan dan jumlah pertimbangan yang diterima (termasuk sebarang aset baru yang diperolehi
ditolak sebarang liabiliti baru) dan sebarang keuntungan atau kerugian terkumpul yang telah diiktiraf dalam ekuiti akan diiktiraf dalam untung atau rugi.
Sesuatu liabiliti kewangan atau sebahagian daripadanya dinyahiktiraf apabila, dan hanya apabila, tanggungan yang dinyatakan dalam kontrak dilepaskan atau
dibatalkan atau luput. Apabila liabiliti kewangan dinyahiktiraf, perbezaan di antara jumlah bawaan liabiliti kewangan tersebut dihapuskan atau dipindahkan kepada
pihak lain dan pertimbangan dibayar, termasuk sebarang aset bukan tunai yang dipindahkan atau liabiliti yang diperoleh, diiktiraf dalam untung atau rugi.
Kesemua item hartanah, loji dan peralatan diukur pada kos ditolak susut nilai terkumpul dan sebarang kerugian kemerosotan terkumpul.
Kos adalah termasuk perbelanjaan yang berlaku secara langsung ekoran pemerolehan aset dan sebarang kos lain yang berlaku secara langsung ekoran
pembawaan aset untuk berfungsi bagi tujuan penggunaannya, serta kos membuka dan mengalihkan item tersebut dan memulihkan tapak di mana ia
terletak. Kos aset bina sendiri juga adalah termasuk kos bahan-bahan dan tenaga buruh. Bagi aset kelayakan, kos pinjaman dimodalkan sejajar dengan
dasar perakaunan berkaitan kos pinjaman. Kos juga merangkumi pemindahan daripada ekuiti keuntungan atau kerugian di atas lindung nilai aliran tunai
berkelayakan bagi pembelian matawang asing hartanah, loji dan peralatan.
Pembelian perisian yang mana penting untuk fungsi peralatan berkaitan dimodalkan sebagai sebahagian daripada peralatan tersebut.
Kos hartanah, loji dan peralatan yang diiktiraf sebagai hasil gabungan perniagaan adalah berdasarkan nilai saksama pada tarikh pemerolehan. Nilai
saksama hartanah adalah jumlah anggaran di mana sesuatu hartanah boleh ditukarmilik di antara pihak yang berkesanggupan dan berpengetahuan dalam
satu urusniaga telus selepas pemasaran yang sewajarnya di mana pihak-pihak terbabit telah bertindak dengan sepenuh pengetahuan, berhemah dan tanpa
tekanan. Nilai saksama item-item loji dan peralatan lain adalah berdasarkan harga pasaran yang disebut harga untuk item-item serupa apabila tersedia
dan kos penggantian apabila wajar.
Apabila bahagian-bahagian penting sesuatu item dari hartanah dan peralatan mempunyai hayat berguna yang berbeza, ia dijelaskan sebagai item berasingan
(komponen penting) hartanah, loji dan peralatan.
Keuntungan atau kerugian ke atas pelupusan sesuatu item hartanah, loji dan peralatan ditentukan dengan membandingkan hasil kutipan daripada pelupusan
dengan jumlah bawaan hartanah, loji dan peralatan dan masing-masing diiktiraf dalam pendapatan lain dan perbelanjaan lain dalam untung atau rugi.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
206
Kos menggantikan sesuatu komponen item daripada hartanah, loji dan peralatan diiktiraf dalam jumlah bawaan item tersebut hanya apabila ada kemungkinan
bahawa manfaat ekonomi masa hadapan yang terangkum dalam komponen tersebut akan mengalir ke dalam Kumpulan atau Bank, dan kosnya boleh
diukur dengan tepat. Jumlah bawaan komponen yang digantikan adalah dinyahiktiraf kepada untung atau rugi. Kos penyelenggaraan harian bagi hartanah,
loji dan peralatan diiktiraf dalam untung atau rugi apabila ia berlaku.
Susut nilai ditentukan berdasarkan kos aset ditolak nilai bakinya. Komponen-komponen penting aset-aset berasingan dinilai, dan jika sesuatu komponen
memiliki hayat berguna yang berbeza daripada baki aset tersebut, maka komponen itu disusut nilai secara berasingan.
Susut nilai diiktiraf dalam untung atau rugi atas dasar garis lurus ke atas anggaran hayat berguna setiap komponen item hartanah, loji dan peralatan.
Aset dipajak disusut nilai pada tempoh pajakan dan jangka hayat terpendek kecuali ada kepastian munasabah bahawa Kumpulan dan Bank akan
memperoleh pemilikan pada akhir tempoh pajakan. Tanah pegangan bebas tidak disusut nilai. Hartanah, loji dan peralatan dalam proses pembinaan tidak
disusut nilai sehingga aset-aset tersebut sedia untuk digunakan.
Peralatan komputer
Kaedah susut nilai, hayat berguna dan nilai baki akan dinilai semula pada akhir tempoh pelaporan dan diselaraskan mengikut kesesuaian.
Pajakan yang mana Kumpulan atau Bank mengambil sebahagian besar risiko dan ganjaran pemilikannya adalah diklasifikasi sebagai pajakan kewangan.
Dengan pengiktirafan awal, aset pajakan tersebut diukur pada jumlah yang setara dengan nilai saksama terendahnya dan nilai terkini bayaran minimum pajakan.
Selepas pengiktirafan awal, aset tersebut dijelaskan sejajar dengan dasar perakaunan yang berkaitan dengan aset tersebut.
Bayaran minimum pajakan yang dibuat di bawah pajakan kewangan dibahagikan di antara perbelanjaan kewangan dan pengurangan baki liabiliti. Perbelanjaan
kewangan diperuntukkan kepada setiap tempoh dalam tempoh pajakan bagi menghasilkan kadar faedah berkala yang berterusan bagi baki liabiliti. Bayaran
pajakan luar jangka dijelaskan dengan menyemak semula bayaran minimum pajakan bagi baki tempoh pajakan apabila pelarasan pajakan telah disahkan.
Tanah pegangan pajakan yang secara asasnya adalah pajakan kewangan diklasifikasi sebagai hartanah, loji dan peralatan.
Pajakan yang mana Kumpulan atau Bank tidak mengambil sebahagian besar risiko dan ganjaran pemilikannya diklasifikasi sebagai pajakan operasi dan aset
pajakan tersebut tidak diiktiraf dalam penyata kedudukan kewangan.
Bayaran yang dibuat di bawah pajakan operasi diiktiraf dalam untung atau rugi atas asas garis lurus bagi tempoh pajakan. Insentif pajakan yang diterima diiktiraf
dalam untung atau rugi sebagai bahagian penting jumlah keseluruhan perbelanjaan pajakan, bagi tempoh pajakan. Sewa luar jangka dicaj dalam untung atau
rugi dalam tempoh laporan di mana ia berlaku.
Tanah pegangan pajakan yang mana secara asasnya adalah pajakan operasi diklasifikasi sebagai prabayaran pajakan.
Bil belum terima dan akaun belum terima lain dinyatakan pada kos ditolak peruntukan untuk kemerosotan.
2.10 Kemerosotan
Aset kewangan
Kumpulan dan Bank menaksir pada setiap tarikh laporan samada terdapat bukti objektif bahawa pembiayaan dan belum terima, aset-aset kewangan dipegang
hingga matang atau aset-aset kewangan sedia untuk dijual mengalami kemerosotan. Aset kewangan atau sekumpulan aset kewangan adalah merosot dan
kerugian kemerosotan berlaku jika, dan hanya jika, terdapat bukti objektif berlakunya kemerosotan ekoran satu atau lebih peristiwa yang berlaku selepas
pengiktirafan awal aset-aset tersebut dan sebelum tarikh laporan (peristiwa kerugian) dan peristiwa atau peristiwa-peristiwa kerugian tersebut mempunyai
kesan ke atas anggaran aliran tunai masa hadapan bagi aset kewangan atau kumpulan aset kewangan terbabit. Kriteria yang digunakan oleh Kumpulan dan
Bank untuk menentukan terdapatnya bukti objektif kerugian kemerosotan adalah termasuk:
(i) kesukaran kewangan yang ketara bagi pengeluar atau penanggung obligasi;
(ii) pelanggaran kontrak, seperti keingkaran dalam pembayaran keuntungan atau pembayaran jumlah pokok;
(iii) kemungkinan bahawa peminjam akan mengalami kemuflisan atau penyusunan semula kewangan; atau
(iv) turun taraf berturut-turut sebanyak dua tahap bagi penarafan luar.
Pembiayaan diklasifikasi sebagai merosot apabila jumlah pokok atau keuntungan atau kedua-duanya telah melampau tempoh selama tiga bulan atau lebih,
atau pembiayaan mengalami tunggakan untuk kurang dari tiga bulan, tetapi pembiayaan tersebut menunjukkan tanda-tanda kelemahan kredit.
Bagi pembiayaan dan belum terima, Kumpulan dan Bank akan menaksir samada bukti objektif berlakunya kemerosotan wujud secara berasingan bagi pembiayaan
dan belum terima yang mana kedua-duanya penting, dan secara kolektif bagi pembiayaan dan belum terima yang mana tidak penting secara berasingan.
Sekiranya Kumpulan dan Bank menentukan bahawa tiada bukti objektif berlakunya kemerosotan bagi pembiayaan dan belum terima yang ditaksir secara
berasingan, samada penting atau tidak, ia merangkumkan aset-aset dalam sekumpulan pembiayaan dan belum terima dengan ciri-ciri risiko kredit yang serupa
dan menaksir kesemuanya secara kolektif untuk mengesan kemerosotan. Pembiayaan dan belum terima yang ditaksir secara berasingan untuk kemerosotan dan
di mana kerugian kemerosotan adalah diiktiraf atau terus diiktiraf tidak dirangkumkan dalam penaksiran kolektif untuk mengesan kemerosotan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
208
Jumlah kerugian kemerosotan diukur sebagai perbezaan di antara jumlah bawaan aset dan nilai terkini anggaran aliran tunai masa hadapan yang didiskaunkan
pada kadar keuntungan efektif asal aset tersebut. Jumlah kerugian diiktiraf menggunakan akaun peruntukan dan diiktiraf dalam untung atau rugi. Anggaran
jumlah dan penentuan masa bagi aliran tunai masa hadapan memerlukan penilaian pengurusan. Dalam menganggarkan aliran tunai ini, penilaian dibuat ke atas
nilai yang boleh direalisasi bagi cagaran yang diberikan dan kedudukan kewangan peminjam. Anggaran ini adalah berasaskan andaian dan keputusan sebenar
mungkin berbeza, oleh itu, ia mungkin mengakibatkan perubahan ke atas kerugian kemerosotan yang telah diiktiraf.
Untuk tujuan penilaian kemerosotan secara kolektif, pembiayaan dan belum terima dikumpulkan berdasarkan ciri-ciri risiko yang serupa, dengan mengambil
kira jenis aset, industri, lokasi geografi, jenis cagaran, status lampau tempoh dan lain-lain faktor berkaitan. Ciri-ciri ini relevan kepada anggaran aliran tunai
masa hadapan bagi kumpulan aset terbabit dengan memberi petunjuk tentang kemampuan pihak tersebut untuk membayar kesemua jumlah yang patut dibayar
menurut terma-terma kontrak aset yang sedang dinilai.
Aliran tunai masa hadapan bagi sekumpulan pembiayaan dan belum terima yang dinilai secara kolektif untuk mengesan kemerosotan adalah dianggarkan
berasaskan aliran tunai kontrak bagi aset-aset dalam kumpulan tersebut dan pengalaman kerugian bagi aset-aset dengan ciri-ciri risiko kredit yang serupa
dengan yang terdapat dalam kumpulan terbabit. Pengalaman kerugian diselaraskan berasaskan data semasa boleh pantau bagi mencerminkan kesan keadaan
semasa yang tidak menjejaskan tempoh di mana pengalaman kerugian didasarkan dan mengalihkan kesan keadaan dalam tempoh sejarah yang tidak wujud
pada masa ini.
Apabila sesuatu pembiayaan tidak boleh dikutip semula, ia dihapus kira bagi peruntukan berkaitan untuk kemerosotan. Pembiayaan tersebut dihapus kira
selepas semua prosedur yang berkenaan selesai dan jumlah kerugian telah ditentukan. Perolehan semula jumlah yang sebelum ini dihapus kira kemudiannya
dikreditkan ke dalam untung atau rugi.
Jika, dalam tempoh selanjutnya, jumlah kerugian kemerosotan berkurangan dan pengurangan tersebut boleh dikaitkan secara objektif dengan sesuatu peristiwa
yang berlaku selepas kemerosotan tersebut diiktiraf, kerugian kemerosotan yang diiktiraf sebelumnya dibalikkan dengan melaraskan peruntukan akaun
kemerosotan. Jumlah penarikbalikan diiktiraf dalam untung atau rugi.
Dalam kes sekuriti ekuiti sedia untuk jualan, susut nilai ketara atau berlanjutan dalam nilai saksama sekuriti tersebut juga dipertimbangkan dalam menentukan
samada kemerosotan wujud. Apabila bukti mengenainya wujud, kerugian bersih terkumpul yang telah diiktiraf secara langsung dalam ekuiti sebelum ini
akan dialihkan daripada ekuiti dan diiktiraf dalam untung atau rugi. Dalam kes instrumen hutang yang diklasifikasi sebagai sedia untuk jualan, kemerosotan
ditaksir berdasarkan kriteria yang sama seperti semua aset kewangan lain. Penarikbalikan kemerosotan instrumen hutang diiktiraf dalam penyata pendapatan
komprehensif.
Kerugian kemerosotan bagi instrumen ekuiti tidak disebut harga yang dibawa pada kos diiktiraf dalam untung atau rugi dan diukur sebagai perbezaan di antara
jumlah bawaan aset kewangan dan nilai semasa anggaran aliran tunai masa hadapan yang didiskaunkan pada kadar pasaran semasa bagi pulangan untuk aset
kewangan yang serupa.
Apabila sesuatu pembiayaan menunjukkan bukti kelemahan kredit, Kumpulan atau Bank boleh merunding semula pembiayaan tersebut berbanding terus
mengambilalih cagaran. Ini mungkin melibatkan pemanjangan tempoh bayaran menerusi penjadualan semula atau rundingan semula terma-terma dan
syarat-syarat pembiayaan baru menerusi penstrukturan semula. Pihak pengurusan memantau pembiayaan yang telah dirunding semula bagi memastikan semua
terma-terma yang telah disemak semula dipenuhi dan bayaran semula dibuat dengan sewajarnya untuk satu tempoh berterusan. Apabila sesuatu pembiayaan
merosot dirunding semula, peminjam harus mematuhi terma bayaran balik yang telah disemak semula dan/atau distruktur semula untuk tempoh berterusan
selama enam bulan sebelum pembiayaan tersebut diklasifikasi sebagai tidak merosot. Pembiayaan ini akan terus tertakluk kepada penilaian kemerosotan
individu atau kolektif.
Aset-aset lain
Jumlah bawaan aset-aset lain disemak pada penghujung setiap tempoh laporan bagi menentukan samada terdapat tanda-tanda kemerosotan. Sekiranya
tanda-tanda tersebut wujud, jumlah boleh diperoleh semula bagi aset-aset tersebut dianggarkan.
Jumlah boleh diperoleh semula sesuatu aset ialah nilai gunanya yang tertinggi dan nilai saksama ditolak kos untuk dijual. Dalam menaksir nilai guna,
anggaran aliran tunai masa hadapan didiskaunkan kepada nilai terkininya menggunakan kadar diskaun pra-cukai yang menggambarkan penaksiran pasaran
semasa bagi nilai masa wang dan risiko-risiko khusus kepada aset tersebut.
Kerugian kemerosotan diiktiraf sekiranya jumlah bawaan sesuatu aset melebihi jumlah boleh diperoleh semula. Kerugian kemerosotan diiktiraf dalam untung
atau rugi.
Kerugian kemerosotan yang diiktiraf pada tempoh terdahulu ditaksir pada setiap tarikh laporan untuk meninjau tanda-tanda samada kerugian tersebut telah
berkurangan atau tidak wujud lagi. Kerugian kemerosotan dipulihkan sekiranya terdapat perubahan dalam anggaran yang digunakan untuk menentukan jumlah
boleh diperoleh semula. Kerugian kemerosotan hanya dipulihkan sehingga tahap di mana jumlah bawaan aset tidak melebihi jumlah bawaan yang sepatutnya
ditentukan, bersih daripada susut nilai atau pelunasan, sekiranya tiada kerugian kemerosotan telah diiktiraf. Pemulihan kerugian kemerosotan dikreditkan ke
dalam untung atau rugi pada tahun di mana pemulihan tersebut diiktiraf.
Bil belum bayar dan penerimaan belum bayar mewakili bil-bil dan penerimaan Kumpulan dan Bank yang didiskaunkan semula dan belum dilunaskan di
pasaran.
2.12 Peruntukan
Sesuatu peruntukan diiktiraf sekiranya, hasil peristiwa lampau, Kumpulan mempunyai tanggungan perundangan atau konstruktif terkini yang boleh dianggarkan
dengan tepat, dan kemungkinan bahawa aliran keluar manfaat ekonomi akan diperlukan bagi menyelesaikan tanggungan tersebut.
Peruntukan dikaji semula pada setiap tarikh laporan dan jika aliran sumber yang mengandungi manfaat ekonomi yang diperlukan untuk menyelesaikan obligasi
tidak lagi berkemungkinan, peruntukan akan ditarikbalik.
Apabila tiada kemungkinan bahawa aliran keluar manfaat ekonomi akan diperlukan, atau apabila jumlahnya tidak boleh dianggarkan dengan tepat, tanggungan
tersebut tidak diiktiraf dalam penyata kedudukan kewangan dan ia didedahkan sebagai liabiliti luar jangka, kecuali terdapat kemungkinan aliran keluar manfaat
ekonomi yang rendah. Kemungkinan tanggungan, yang mana kewujudannya hanya akan disahkan dengan berlaku atau tidak berlakunya satu atau lebih
peristiwa masa hadapan, juga didedahkan sebagai liabiliti luar jangka kecuali terdapat kemungkinan rendah berlakunya aliran keluar manfaat ekonomi.
Apabila tiada kemungkinan bahawa aliran masuk manfaat ekonomi akan berlaku, atau apabila jumlahnya tidak boleh dianggarkan dengan tepat, aset tersebut
tidak diiktiraf dalam penyata kedudukan kewangan dan ia didedahkan sebagai aset luar jangka, kecuali terdapat kemungkinan aliran masuk manfaat ekonomi
yang rendah. Kemungkinan tanggungan, yang mana kewujudannya hanya akan disahkan dengan berlaku atau tidak berlakunya satu atau lebih peristiwa masa
hadapan, juga didedahkan sebagai aset luar jangka kecuali terdapat kemungkinan rendah berlakunya aliran masuk manfaat ekonomi.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
210
Segmen operasi adalah komponen Kumpulan dan Bank yang terlibat dalam kegiatan perniagaan di mana ia memperoleh hasil pendapatan dan perbelanjaan,
termasuk hasil pendapatan dan perbelanjaan yang berkaitan dengan urusniaga dengan mana-mana komponen lain Kumpulan. Keputusan segmen operasi
disemak secara kerap oleh ketua pembuat keputusan operasi, di mana dalam kes ini adalah Pengarah Urusan Kumpulan, yang membuat keputusan mengenai
sumber-sumber yang akan diperuntukkan kepada segmen tersebut dan membuat penilaian ke atas prestasinya, yang mana maklumat kewangan sulitnya adalah
tersedia.
Instrumen yang dikelaskan sebagai ekuiti diukur pada kos ketika pengiktirafan awal dan tidak diukur semula selepas itu.
Modal Saham
Saham biasa dikelaskan sebagai ekuiti dalam penyata kedudukan kewangan. Kos yang berkaitan secara langsung dengan penerbitan saham ekuiti baru diambil
kira dalam ekuiti sebagai potongan daripada hasil kutipan.
Pendapatan pembiayaan
Pendapatan pembiayaan diiktiraf dalam untung atau rugi menggunakan kaedah kadar keuntungan efektif. Kadar keuntungan efektif adalah kadar yang memberi
diskaun ke atas bayaran tunai masa hadapan atau pendapatan menerusi jangka hayat instrumen kewangan terbabit atau, apabila sesuai, tempoh yang lebih
pendek kepada jumlah bawaan bersih instrumen kewangan terbabit. Dalam pengiraan kadar keuntungan efektif, Kumpulan dan Bank telah mempertimbangkan
kesemua terma-terma kontrak instrumen kewangan terbabit tetapi tidak mempertimbangkan kerugian kredit masa hadapan. Pengiraan itu termasuk semua
yuran dan kos urusniaga yang penting kepada kadar keuntungan efektif, serta premium atau diskaun.
Pendapatan daripada kontrak berasaskan jual-beli diiktiraf menggunakan asas kadar keuntungan efektif ke atas tempoh kontrak berdasarkan jumlah pokok
belum dijelaskan manakala pendapatan daripada Ijarah (kontrak berasaskan pajakan) diiktiraf menggunakan asas kadar keuntungan efektif ke atas tempoh
pajakan.
Apabila sesuatu aset kewangan atau sekumpulan aset kewangan telah diturun nilai ekoran kerugian kemerosotan, pendapatan diiktiraf menggunakan kadar
keuntungan yang telah digunakan untuk memberi diskaun kepada aliran tunai masa hadapan dengan tujuan mengukur kerugian kemerosotan.
Urus janji, pengurusan dan yuran penyertaan pembiayaan, komisen taja jamin dan yuran broker diiktiraf sebagai pendapatan berdasarkan urus janji kontrak.
Yuran daripada aktiviti khidmat nasihat dan pembiayaan korporat diiktiraf sebagai bersih daripada cukai perkhidmatan dan diskaun apabila setiap peringkat
penugasan diselesaikan.
Pendapatan dividen daripada anak syarikat dan lain-lain pelaburan diiktiraf apabila hak Bank untuk menerima bayaran telah disahkan.
Perbelanjaan cukai pendapatan terdiri daripada cukai semasa dan tertunda. Cukai semasa dan cukai tertunda diiktiraf dalam untung atau rugi kecuali sehingga
tahap di mana ia berkait dengan satu gabungan perniagaan atau item-item yang diiktiraf secara langsung dalam ekuiti atau pendapatan komprehensif lain.
Cukai semasa ialah jangkaan cukai belum bayar ke atas pendapatan boleh cukai bagi tahun terbabit, menggunakan kadar cukai diluluskan atau diluluskan
secara substantif pada tempoh akhir laporan, dan sebarang pelarasan kepada cukai belum bayar bagi tahun-tahun kewangan terdahulu.
Cukai tertunda diiktiraf menggunakan kaedah liabiliti, menyediakan perbezaan sementara di antara jumlah bawaan aset-aset dan liabiliti-liabiliti dalam penyata
kedudukan kewangan dan asas cukai. Cukai tertunda tidak diiktiraf bagi perbezaan sementara berikut: pengiktirafan awal muhibbah, pengiktirafan awal
aset-aset atau liabiliti-liabiliti dalam urusniaga yang bukan satu gabungan perniagaan dan yang tidak memberi kesan ke atas perakaunan atau keuntungan
atau kerugian boleh cukai. Cukai tertunda diukur pada kadar cukai yang dijangka digunakan ke atas perbezaan sementara, berdasarkan undang-undang yang
diluluskan atau diluluskan secara substantif pada tempoh akhir laporan.
Aset-aset dan liabiliti-liabiliti cukai tertunda adalah diimbangi sekiranya terdapat hak perundangan yang boleh dikuatkuasakan bagi mengimbangi aset-aset
dan liabiliti-liabiliti cukai semasa, dan jika ia berkaitan dengan cukai pendapatan yang dilevi oleh badan cukai yang sama ke atas entiti boleh cukai yang sama,
atau ke atas entiti cukai yang berlainan, tetapi mereka berhasrat menyelesaikan aset-aset dan liabiliti-liabiliti cukai semasa atas asas bersih atau aset-aset dan
liabiliti-liabiliti cukai mereka akan direalisasikan secara serentak.
Aset cukai tertunda diiktiraf sehingga tahap berkemungkinan bahawa keuntungan boleh cukai masa hadapan akan tersedia dan perbezaan sementara boleh
digunakan. Aset cukai tertunda disemak pada setiap tempoh akhir laporan dan dikurangkan sehingga tahap tiada lagi kemungkinan bahawa manfaat cukai
berkaitan akan direalisasi.
2.19 Zakat
Ini mewakili zakat perniagaan. Ia adalah jumlah wajib yang harus dibayar oleh Kumpulan dan Bank bagi mematuhi prinsip Syariah.
Tanggungan manfaat kakitangan jangka pendek iaitu bagi gaji, bonus tahunan, cuti tahunan berbayar dan cuti sakit diukur pada asas tidak terdiskaun dan
dibelanjakan apabila khidmat diberikan.
Sesuatu liabiliti diiktiraf bagi jumlah yang dijangka akan dibayar di bawah bonus tunai jangka pendek atau pelan perkongsian keuntungan sekiranya Kumpulan
dan Bank mempunyai tanggungan perundangan atau konstruktif terkini untuk membayar jumlah tersebut hasil khidmat lampau yang diberikan oleh kakitangan
dan sekiranya tanggungan tersebut boleh dianggarkan dengan tepat.
Caruman Kumpulan dan Bank bagi Kumpulan Wang Simpanan Pekerja dicaj ke dalam untung atau rugi pada tahun di mana ia berlaku. Apabila caruman telah
dibayar, Kumpulan dan Bank tidak lagi mempunyai tanggungan untuk membuat bayaran lanjut.
Kumpulan membentangkan data pendapatan asas sesaham untuk saham biasanya (EPS).
EPS asas ditentukan dengan membahagikan keuntungan atau kerugian yang berkaitan dengan pemegang saham biasa Kumpulan dengan bilangan purata
berwajaran bagi baki saham biasa semasa tahun tinjauan.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
212
Nilai saksama adalah harga yang akan diterima apabila menjual sesuatu aset atau yang dibayar apabila memindahkan sesuatu liabiliti menerusi satu urusniaga
yang teratur di antara ahli-ahli pasaran pada tarikh ukuran atau, ketika ketiadaannya, merupakan pasaran paling menguntungkan yang mana Kumpulan
memiliki akses ke atasnya pada tarikh tersebut. Nilai saksama sesuatu liabiliti menggambarkan risiko ketiadaan prestasinya.
Apabila tersedia, Kumpulan mengukur nilai saksama sesuatu instrumen menggunakan harga yang disebut di dalam sesuatu pasaran aktif bagi instrumen
tersebut. Sesuatu pasaran dianggap aktif jika urusniaga bagi aset atau liabiliti dijalankan dengan kekerapan dan volum yang mencukupi bagi menyediakan
maklumat penentuan harga secara berterusan.
Sekiranya tiada harga yang disebut di dalam sesuatu pasaran aktif, maka Kumpulan menggunakan teknik penilaian yang memaksimakan penggunaan input-
boleh-perhati yang berkaitan dan meminimakan penggunaan input-tidak-boleh-diperhati. Teknik penilaian yang dipilih merangkumi semua faktor-faktor yang
akan diambilkira oleh ahli-ahli pasaran dalam menentukan harga sesuatu urusniaga.
Bukti terbaik nilai saksama bagi sesuatu instrumen kewangan pada pengiktirafan awal lazimnya adalah harga urusniaga iaitu nilai saksama bagi pertimbangan
yang diberi atau diterima. Sekiranya Kumpulan mendapati bahawa nilai saksama pada pengiktirafan awal berbeza daripada harga urusniaga dan bahawa nilai
saksama itu tidak terbukti samada menerusi harga yang disebut di dalam pasaran aktif untuk aset atau liabiliti yang serupa atau berdasarkan teknik penilaian
yang hanya menggunakan data daripada pasaran-boleh-perhati, maka instrumen kewangan tersebut dinilai pada nilai saksama, diselaraskan bagi menunda
perbezaan di antara nilai saksama pada pengiktirafan awal dan harga urusniaga. Perbezaan itu kemudian diiktiraf sebagai untung atau rugi pada asas sewajarnya
bagi jangka hayat instrumen tersebut tetapi tidak lewat daripada bila penilaian tersebut disokong sepenuhnya oleh data pasaran-boleh-dilihat atau urusniaga
itu ditutup.
Sekiranya sesuatu aset atau liabiliti yang diukur pada nilai saksama memiliki harga bidaan dan harga minta, maka Kumpulan mengukur aset dan kedudukan
panjang pada harga bida manakala liabiliti dan kedudukan pendek pada harga minta.
Portfolio aset kewangan dan liabiliti kewangan yang terdedah kepada risiko pasaran dan risiko kredit yang diuruskan oleh Kumpulan pada asas pendedahan
bersih kepada samada risiko pasaran atau kredit diukur pada asas harga yang akan diterima bagi menjual kedudukan panjang bersih (atau dibayar bagi
memindahkan kedudukan pendek bersih) untuk pendedahan risiko tertentu. Pelarasan pada tahap portfolio ini diperuntukkan kepada aset-aset dan liabiliti-
liabiliti berasingan pada asas pelarasan risiko relatif bagi setiap instrumen berasingan dalam portfolio tersebut.
Nilai saksama bagi deposit permintaan adalah tidak kurang daripada jumlah yang perlu dibayar atas permintaan, didiskaunkan daripada tarikh pertama di mana
jumlah tersebut mungkin perlu dibayar.
Kumpulan mengiktiraf pemindahan di antara peringkat-peringkat dalam hirarki nilai saksama pada akhir tempoh laporan semasa perubahan tersebut berlaku.
Tunai dan baki di bank dan institusi kewangan lain 773,453 616,133 773,272 613,948
Wang panggilan dan simpanan antara bank dengan baki tempoh matang
tidak melebihi satu bulan 2,391,175 2,984,210 2,391,130 2,984,130
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
214
Instrumen kewangan derivatif dagangan dinilai semula pada kedudukan nilai kasar dan keuntungan atau kerugian tidak direalisasi masing-masing ditunjukkan sebagai
aset dan liabiliti kewangan derivatif.
31.12.2014
JUMLAH NILAI SAKSAMA
POKOK ASET LIABILITI
RM000 RM000 RM000
31.12.2013
JUMLAH NILAI SAKSAMA
POKOK ASET LIABILITI
RM000 RM000 RM000
Pada kos
Saham tidak disebut harga di Malaysia 24,450 23,456 24,450 23,456
Ditolak: Kerugian kemerosotan terkumpul* (15,734) (14,740) (15,734) (14,740)
Pada kos
Saham tidak disebut harga di luar Malaysia 22,893 23,754 22,893 23,754
60,752 63,327
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
216
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
218
30,111,712 24,242,520
Kadar tetap
Pembiayaan perumahan 1,563,643 1,512,408
Lain-lain 7,553,928 7,954,409
Kadar terapung
Lain-lain 20,994,141 14,775,703
30,111,712 24,242,520
30,111,712 24,242,520
30,111,712 24,242,520
30,111,712 24,242,520
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
220
Pembiayaan merosot kasar sebagai peratusan jumlah kasar pembiayaan, pendahuluan dan lain-lain 1.14% 1.18%
344,539 285,302
344,539 285,302
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
222
* Ini merujuk kepada jumlah yang patut diterima daripada syarikat-syarikat pegangan dan berkaitan yang mana berciri bukan dagangan, tidak tertakluk kepada caj
pembiayaan dan tidak mempunyai tempoh bayaran balik yang tetap.
DIIKTIRAF DIIKTIRAF
DALAM DALAM
UNTUNG PADA UNTUNG
PADA DAN RUGI 31.12.2013/ DAN RUGI PADA
1.1.2013 (NOTA 31) 1.1.2014 (NOTA 31) 31.12.2014
RM000 RM000 RM000 RM000 RM000
KUMPULAN
Hartanah dan peralatan (32,879) 4,760 (28,119) 4,912 (23,207)
Peruntukan 21,445 3,207 24,652 2,553 27,205
Peruntukan modal tidak diserap 29,889 (1,809) 28,080 (858) 27,222
BANK
Hartanah dan peralatan (32,705) 4,586 (28,119) 4,912 (23,207)
Peruntukan 21,445 3,207 24,652 2,553 27,205
Peruntukan modal tidak diserap 29,889 (1,809) 28,080 (858) 27,222
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Peruntukan modal tidak diserap Bank berjumlah RM27.3 juta adalah bagi perniagaan pajakannya di mana pihak pengurusan berpendapat bahawa tiada kepastian
samada Bank boleh menggunakan manfaatnya di masa hadapan. Oleh itu, aset cukai tertunda tidak diiktiraf.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
224
Pada kos
Saham tidak disebut harga di Malaysia 16,447 28,847
Ditolak: Kerugian kemerosotan terkumpul (922) (820)
15,525 28,027
Terdapat tiga bayaran balik modal daripada dua anak syarikat Bank semasa tahun kewangan berakhir 31 Disember 2014 yang menyebabkan penurunan pelaburan
dalam anak-anak syarikat. Tiga bayaran balik modal itu adalah seperti berikut:
RM000
10,000
KEPENTINGAN
PEMILIKAN EFEKTIF
31.12.2014 31.12.2013
NAMA SYARIKAT AKTIVITI UTAMA % %
Al-Wakalah Nominees (Tempatan) Sdn Bhd Menyediakan khidmat pencalonan 100 100
BIMB Investment Management Berhad Pengurus Dana Amanah Saham Islam 100 100
Bank Islam Trust Company (Labuan) Ltd Menyediakan khidmat selaku syarikat amanah berdaftar Labuan 100 100
BIMB Offshore Company Management Services Sdn Bhd Setiausaha Korporat Residen dan Pengarah untuk 100 100
Syarikat-syarikat Luar Pesisir
BIMB Foreign Currency Clearing Agency Sdn Bhd Dorman (dalam proses pembubaran ahli secara sukarela) 100 100
Farihan Corporation Sdn Bhd Menguruskan perniagaan pajak gadai Islam 100 100
Kos
Pada 1 Januari 2013 14,784 31,861 113,835 79,422 261,701 1,484 180 5,652 508,919
Tambahan 2,704 7,889 5,840 14,066 2,322 6,409 39,230
Klasifikasi semula 67 82 4 2,942 (153) (2,942)
Pelupusan (1,958) (4,847) (2,276) (2,948) (12,029)
Hapus kira (1,837) (7,060) (12,667) (2,503) (24,067)
Perbezaan tukaran 7 74 50 141 4 276
Pada 31 Disember 2013 14,784 30,844 109,973 70,373 273,399 1,488 2,349 9,119 512,329
Tambahan 3,425 9,051 7,529 27,624 801 5,364 53,794
Klasifikasi semula 190 1,526 509 9,071 (2,225) (9,071)
Pelupusan (3,080) (3,667) (2,560) (23,180) (150) (32,637)
Hapus kira
Perbezaan tukaran 1 16 21 15 4 57
Pada 31 Disember 2014 14,784 31,380 116,899 75,872 286,929 1,342 925 5,412 533,543
Pada 31 Disember 2013 1,130 19,379 53,001 49,122 179,094 1,047 2 302,775
Susut nilai bagi tahun 174 1,791 8,828 8,364 30,550 261 27 49,995
Pelupusan (2,708) (2,736) (2,428) (23,153) (150) (31,175)
Hapus kira
Perbezaan tukaran 1 16 20 12 4 53
Pada 31 Disember 2014 1,304 18,463 59,109 55,078 186,503 1,162 29 321,648
Jumlah bawaan
Pada 1 Januari 2013 13,828 11,410 61,657 25,503 104,041 709 178 5,652 222,978
Pada 31 Disember 2013 13,654 11,465 56,972 21,251 94,305 441 2,347 9,119 209,554
Pada 31 Disember 2014 13,480 12,917 57,790 20,794 100,426 180 896 5,412 211,895
Tiada kos kewangan dimodalkan yang berkaitan dengan pemerolehan hartanah dan peralatan semasa tahun tinjauan (2013: Tiada).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
226
Kos
Pada 1 Januari 2013 14,784 31,834 113,805 78,207 260,879 1,484 178 5,652 506,823
Tambahan 2,704 7,887 5,839 13,996 2,225 6,409 39,060
Klasifikasi semula 67 82 4 2,942 (153) (2,942)
Pelupusan (1,958) (4,847) (1,910) (2,910) (11,625)
Hapus kira (1,837) (7,060) (12,122) (2,439) (23,458)
Perbezaan tukaran 7 74 44 131 4 260
Pada 31 Disember 2013 14,784 30,817 109,941 70,062 272,599 1,488 2,250 9,119 511,060
Tambahan 3,425 9,043 7,528 27,426 801 5,364 53,587
Klasifikasi semula 190 1,526 509 9,071 (2,225) (9,071)
Pelupusan (3,080) (3,667) (2,560) (23,180) (150) (32,637)
Hapus kira
Perbezaan tukaran 1 16 14 3 4 38
Pada 31 Disember 2014 14,784 31,353 116,859 75,553 285,919 1,342 826 5,412 532,048
Pada 31 Disember 2013 1,130 19,340 52,978 48,848 178,439 1,047 301,782
Susut nilai bagi tahun 174 1,791 8,831 8,349 30,476 261 49,882
Pelupusan (2,708) (2,736) (2,428) (23,153) (150) (31,175)
Hapus kira
Perbezaan tukaran 1 16 14 2 4 37
Pada 31 Disember 2014 1,304 18,424 59,089 54,783 185,764 1,162 320,526
Jumlah bawaan
Pada 1 Januari 2013 13,828 11,422 61,640 24,925 103,886 709 178 5,652 222,240
Pada 31 Disember 2013 13,654 11,477 56,963 21,214 94,160 441 2,250 9,119 209,278
Pada 31 Disember 2014 13,480 12,929 57,770 20,770 100,155 180 826 5,412 211,522
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Deposit Tuntutan
Wadiah 10,535,088 9,888,119 10,539,744 9,891,476
Akaun Pelaburan Am
Mudharabah 919,816 2,012,162 919,816 2,012,162
Sekuriti Hutang Islamik Boleh Runding (NIDC) 1,229,025 1,466,205 1,229,025 1,466,205
Waheed-i 134,453 358,516 134,580 359,417
Ziyad 95,059 98,457 95,059 98,457
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
228
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
16. DEPOSIT DAN SIMPANAN DARI BANK DAN INSTITUSI KEWANGAN LAIN
KUMPULAN DAN BANK
31.12.2014 31.12.2013
RM000 RM000
46,102
Dana Mudharabah
Bank-bank Islam berlesen 280,000 1,298,873
Institusi kewangan lain 20,000 185,000
300,000 1,483,873
300,000 1,529,975
Termasuk dalam liabiliti lain adalah dana amal yang tidak diagihkan berjumlah RM305,000 (2013: RM248,000) bagi Kumpulan dan Bank. Pergerakan sumber dan
penggunaan dana amal dinyatakan dalam Nota 21.
Dibenarkan:
Saham biasa RM1.00 setiap satu 2,540,000 2,540,000 2,540,000 2,540,000
Semasa tahun kewangan, Bank telah meningkatkan modal diterbitkan dan berbayarnya daripada RM2,298,165,336 kepada RM2,319,907,000 (2013:
RM2,265,490,000 kepada RM2,298,165,336) menerusi terbitan 21,741,664 (2013: 32,675,336) saham biasa baharu bernilai RM1.00 seunit pada harga RM2.78
(2013: RM2.60) seunit berikutan Pelan Pelaburan Semula Dividen daripada lima puluh peratus dividen interim pada kira-kira 5.26 sen (2013: 5.00 sen) bagi tahun
kewangan berakhir 31 Disember 2014, seperti yang dinyatakan dalam Nota 33.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
230
KUMPULAN
Pada 1 Januari 2013 505,651 121,414 1,092 628,157
Perbezaan terjemahan tukaran asing (21,990) (21,990)
Rizab nilai saksama
Perubahan bersih dalam nilai saksama (124,548) (124,548)
Amaun bersih diklasifikasi semula kepada untung atau rugi (4,875) (4,875)
Pemindahan daripada keuntungan tahun semasa 245,823 245,823
BANK
Pada 1 Januari 2013 505,651 121,414 1,094 628,159
Perbezaan terjemahan tukaran asing (22,020) (22,020)
Rizab nilai saksama
Perubahan bersih dalam nilai saksama (124,548) (124,548)
Amaun bersih diklasifikasi semula kepada untung atau rugi (4,875) (4,875)
Pemindahan daripada keuntungan tahun semasa 245,823 245,823
Rizab nilai saksama adalah termasuk perubahan bersih terkumpul dalam nilai saksama aset kewangan sedia untuk jualan, tidak termasuk kerugian kemerosotan,
sehingga aset kewangan tersebut dinyahiktiraf.
Rizab terjemahan terdiri daripada semua perbezaan tukaran asing yang timbul daripada terjemahan penyata kewangan bagi operasi luar pesisir di Wilayah Persekutuan
Labuan.
Dana yang tidak diagihkan setakat 31 Disember 2013/1 Januari 2014 194 54 248
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
232
KUMPULAN BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
(19) 2 (19) 2
yang mana
Pendapatan pembiayaan diperoleh daripada pembiayaan merosot 1,409 1,696 1,409 1,696
KUMPULAN BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
yang mana
Pendapatan pembiayaan diperoleh daripada pembiayaan merosot 23,612 24,744 23,612 24,744
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
234
Pendapatan lain
Kerugian bersih daripada pelupusan hartanah dan peralatan (1,394) (1,514) (1,394) (1,497)
Pendapatan sewa 3,775 3,615 4,100 3,615
Pendapatan lain 216 349 197 167
59,993 (15,009)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
236
Promosi
Iklan dan publisiti 6,968 10,093 6,869 9,944
Perbelanjaan kad kredit 18,921 19,156 18,921 19,156
Lain-lain 9,877 11,860 8,902 11,133
Perusahaan
Sewa pejabat 48,742 46,352 48,631 45,885
Susut nilai hartanah dan peralatan 49,995 46,279 49,882 46,191
Perbelanjaan teknologi maklumat 33,518 27,989 33,518 27,989
Peralatan sewa 3,940 3,875 3,892 3,818
Penyelenggaraan pejabat 10,318 9,493 10,152 9,322
Utiliti 14,505 12,575 14,414 12,481
Khidmat sekuriti 14,680 10,992 14,672 10,978
Takaful dan insurans 7,653 6,001 7,550 5,855
Lain-lain 306 319 306 319
Perbelanjaan am
Imbuhan juruaudit
yuran audit berkanun 627 683 560 596
lain-lain 474 360 440 330
Yuran profesional 3,132 2,043 3,048 1,888
Bekalan pejabat 8,567 9,558 8,498 9,515
Perjalanan & pengangkutan 8,273 8,011 8,204 7,942
Yuran langganan 3,365 3,016 3,364 3,015
Yuran khidmat luar 39,931 48,068 39,931 48,068
Caj pemprosesan 10,812 14,490 10,812 14,490
Lain-lain 50,952 39,128 52,484 38,818
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
238
289 278
154 93
Jumlah besar (tidak termasuk manfaat barangan) (Nota 27) 9,501 9,478 9,019 9,059
29. IMBUHAN PARA PENGARAH DAN AHLI MAJLIS PENGAWASAN SYARIAH (sambungan)
Jumlah keseluruhan imbuhan (termasuk manfaat barangan) bagi para Pengarah Bank adalah seperti berikut:
IMBUHAN DITERIMA
DARIPADA ANAK-ANAK
IMBUHAN DITERIMA DARIPADA BANK BANK SYARIKAT KUMPULAN
GAJI DAN EMOLUMEN MANFAAT EMOLUMEN
BONUS YURAN LAIN BARANGAN JUMLAH YURAN LAIN JUMLAH
RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
31 Disember 2014
Pengarah Eksekutif:
Dato Sri Zukri Samat 5,586 1,501 254 7,341 5 7,346
31 Disember 2013
Pengarah Eksekutif:
Dato Sri Zukri Samat 5,465 1,529 161 7,155 6 7,161
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
240
29. IMBUHAN PARA PENGARAH DAN AHLI MAJLIS PENGAWASAN SYARIAH (sambungan)
Jumlah keseluruhan imbuhan bagi Majlis Pengawasan Syariah Bank adalah seperti berikut:
IMBUHAN
DITERIMA
IMBUHAN DARIPADA
DITERIMA DARIPADA ANAK-ANAK
BANK BANK SYARIKAT KUMPULAN
EMOLUMEN
YURAN LAIN JUMLAH YURAN JUMLAH
RM000 RM000 RM000 RM000 RM000
31 Disember 2014
31 Disember 2013
Pampasan untuk kakitangan pengurusan utama selain daripada imbuhan para Pengarah adalah seperti berikut:
Perbelanjaan cukai tertunda berkaitan pengasalan dan penarikbalikan perbezaan sementara daripada:
Tahun semasa (7,687) (345) (7,687) (345)
Peruntukan kurang/(lebih) pada tahun-tahun sebelum 1,080 (5,813) 1,080 (5,639)
Kadar cukai korporat adalah 25%. Oleh itu, aset dan liabiliti cukai tertunda diukur menggunakan kadar cukai ini.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
242
KUMPULAN BANK
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Cukai pendapatan menggunakan kadar cukai Malaysia pada 25% (2013: 25%) 175,562 171,008 175,298 170,755
Pendapatan tidak tertakluk kepada cukai (3,394) 3,201 (3,181) 3,071
Perbelanjaan tidak boleh dipotong 5,171 8,610 4,924 8,607
33. DIVIDEN
Dividen diiktiraf oleh Bank:
JUMLAH KE-
SELURUHAN
SEN SESAHAM RM000 TARIKH BAYARAN
2014
Satu peringkat
Interim 2014 biasa 5.26 120,884 24 September 2014
2013
195,246
Satu peringkat
Interim kedua 2013 biasa 0.01 153 31 Disember 2013
Daripada jumlah keseluruhan dividen yang dibayar iaitu RM120.9 juta pada 24 September 2014, kira-kira 50% atau RM60.5 juta telah diagihkan sebagai dividen
tunai manakala baki 50% berjumlah RM60.4 juta telah dilaburkan semula untuk membeli 21,741,664 saham biasa baharu bernilai RM1.00 pada RM2.78 sesaham
menerusi Pelan Pelaburan Semula Dividen.
Daripada jumlah keseluruhan dividen yang dibayar pada 31 Disember 2013, dividen interim kedua Bank yang bernilai kira-kira 5.00 sen sesaham biasa berjumlah
RM84.8 juta telah dilaburkan semula bagi melanggan 32,675,336 saham biasa baharu bernilai RM1.00 pada RM2.60 sesaham menerusi Pelan Pelaburan Semula
Dividen.
Dividen tersebut dilaburkan semula oleh pemegang saham tunggal, BIMB Holdings Berhad bagi mengukuhkan kedudukan modal Bank bagi membiaya pertumbuhan
perniagaan Bank.
Selepas tahun kewangan berakhir, dividen berikut telah dicadangkan oleh para Pengarah. Dividen ini akan diiktiraf dalam tahun kewangan seterusnya setelah mendapat
kelulusan daripada Bank Negara Malaysia.
JUMLAH KE-
SELURUHAN
SEN SESAHAM RM000
Turut dicadangkan ialah kira-kira 50% daripada cadangan dividen akhir berjumlah RM66.117 juta dilaburkan semula bagi melanggan saham biasa baharu bernilai RM1.00
pada RM2.90 sesaham menerusi Pelan Pelaburan Semula Dividen (DRP). Cadangan DRP tersebut adalah tertakluk kepada kelulusan Bank Negara Malaysia.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
244
Perbankan Pengguna Termasuk pinjaman, deposit dan urusniaga dan imbangan lain dengan pelanggan runcit
Perbankan Korporat dan Komersil Termasuk aktiviti kewangan korporat Kumpulan, pinjaman, deposit serta urusniaga dan imbangan lain dengan
pelanggan korporat, pelanggan komersil dan perusahaan kecil & sederhana
Bahagian Perbendaharaan Menangani aktiviti pembiayaan Kumpulan menerusi peminjaman dan pelaburan dalam aset cair seperti simpanan
jangka pendek serta sekuriti hutang korporat dan kerajaan
Maklumat mengenai keputusan setiap segmen yang boleh dilaporkan disertakan di bawah. Prestasi diukur berdasarkan keuntungan segmen sebelum peruntukan
overhed dan cukai pendapatan.
PERBANKAN
KORPORAT BAHAGIAN UNIT
PERBANKAN DAN PERBENDA- PEMEGANG PENG-
PENGGUNA KOMERSIL HARAAN SAHAM HAPUSAN JUMLAH
31 DISEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000
Keuntungan sebelum overhed, zakat & cukai 790,173 363,561 145,190 242,312 (11,841) 1,529,395
Perbelanjaan operasi (826,644)
702,751
Bahagian keputusan syarikat bersekutu
Pendapatan bersih berasaskan dana 705,062 275,600 48,844 151,634 (11) 1,181,129
Pendapatan bukan berasaskan dana 133,351 36,333 97,818 32,530 (15,521) 284,511
Keuntungan sebelum overhed, zakat & cukai 755,757 409,598 143,021 184,164 (15,532) 1,477,008
Perbelanjaan operasi (799,376)
677,632
Bahagian keputusan syarikat bersekutu (349)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
246
Matlamat Bank berhubung pengurusan risiko adalah untuk meningkatkan kebolehan, budaya dan amalan pengurusan risikonya agar sejajar dengan piawaian dan
amalan antarabangsa.
Mewujudkan pendekatan dan kaedah berpiawai dalam menguruskan risiko kredit, pasaran, kecairan, operasi dan perniagaan di seluruh Bank;
Melaksanakan sistem maklumat pengurusan risiko yang memenuhi piawaian antarabangsa dari segi kerahsiaan, kewibawaan dan ketersediaan;
Membangunkan dan menggunakan peralatan seperti modal ekonomi, nilai berisiko, model skor dan ujian tekanan bagi membantu dalam pengukuran risiko dan
memperbaiki keputusan berkaitan risiko;
Memastikan bahawa dasar-dasar risiko dan kehendak risiko keseluruhan adalah sejajar dengan sasaran perniagaan;
Memastikan bahawa modal Bank dapat menyokong keperluan perniagaan semasa dan yang dalam perancangan dari segi pendedahan risiko.
Bank telah menyelaraskan semula tanggungjawab risiko organisasinya dengan matlamat mewujudkan pendapat lazim di seluruh Bank. Sebagai amalan perniagaan yang
baik dan berhemah, fungsi pengurusan risiko teras Bank, yang memberi laporan kepada Lembaga Pengarah menerusi Jawatankuasa Risiko Lembaga Pengarah (BRC),
adalah bebas dan terasing daripada bahagian-bahagian perniagaan dan berpusat di ibu pejabat.
Majlis
LEMBAGA PENGARAH
Lembaga
Pengawasan
JAWATANKUASA
Pengarah
Syariah
Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa
Jawatankuasa Semakan
Pencalonan & Risiko Lembaga Audit &
Imbuhan Pembiayaan
Penilaian Pengarah Pemeriksaan
Lembaga Pengarah
Pengarah
Urusan
JAWATANKUASA PENGURUSAN
Jawatankuasa
Pengurusan
Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa Pembiayaan
Pengurusan Aset Kawalan Risiko Audit
Zakat Pemandu IT Tender (UIC, FCA,
dan Liabiliti Pengurusan Pengurusan
FCB, RFC)
Jawatankuasa
Jawatankuasa
Pengurusan
Kawalan Risiko
Kesinambungan
Operasi
Perniagaan
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
248
Bank mengiktiraf bahawa asas khidmat perbankan dan kewangan adalah tertumpu kepada pengambilan risiko. Justeru itu, Bank:
Mengiktiraf bahawa ia harus menguruskan risiko agar dapat menjalankan perniagaan dengan berkesan;
Mencapai tahap optimum risiko-pulangan agar dapat memaksimakan nilai pihak berkepentingan; dan
Memastikan proses pengurusan risiko yang berkesan dan bersepadu yang sejajar dengan saiz dan tahap kesukaran operasi semasa dan masa hadapan Bank dalam
lingkungan kehendak risiko dan toleransinya.
Bank telah mewujudkan Rangka Kerja Kehendak Risiko yang merupakan bahagian penting dalam strategi dan pelan perniagaan Bank. Kehendak risiko merujuk kepada
tahap maksimum risiko yang sedia diterima oleh Bank bagi menyokong strategi yang telah dirancang, dan yang memberi impak ke atas semua perniagaan dari sudut
pandang risiko kredit, pasaran dan operasi.
Bagi memastikan Bank mempunyai modal yang mencukupi bagi menyokong kesemua kegiatan perniagaan dan pengambilan risikonya, Bank telah melaksanakan proses
pengurusan modal yang mantap dalam sistem dan proses pengurusannya. Satu pengurusan modal menyeluruh, juga dikenali sebagai Proses Penilaian Kecukupan Modal
Dalaman (ICAAP), telah digunapakai oleh Bank pada 2012 sebagai pemboleh penting ke arah penciptaan nilai dan kemampanan jangka panjang Bank. Pengurusan
modal menyeluruh ini merangkumi penilaian risiko dan pengurusan risiko yang termaktub sebagai sebahagian daripada tadbir urus risiko Bank.
Jadual di bawah memberikan analisis instrumen kewangan yang dikategorikan seperti yang berikut:
BANK NILAI
RM000 BAWAAN F&R/(FL) FVTPL AFS HTM DERIVATIF
31 Disember 2014
Aset kewangan
Tunai, baki dan simpanan di bank 3,269,127 3,269,127
Aset kewangan yang dipegang untuk dagangan 916,539 916,539
Aset kewangan derivatif 62,541 62,541
Aset kewangan sedia untuk jualan 10,237,120 10,237,120
Aset kewangan yang dipegang hingga matang 60,752 60,752
Pembiayaan, pendahuluan dan lain-lain 29,524,571 29,524,571
Aset lain 124,902 124,902
Deposit berkanun dengan Bank Negara Malaysia 1,335,000 1,335,000
Liabiliti kewangan
Deposit daripada pelanggan (41,021,556) (41,021,556)
Deposit dan simpanan dari bank dan
institusi kewangan lain (300,000) (300,000)
Liabiliti kewangan derivatif (32,407) (32,407)
Bil dan penerimaan belum dibayar (127,524) (127,524)
Liabiliti lain (572,599) (572,599)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
250
BANK NILAI
RM000 BAWAAN F&R/(FL) FVTPL AFS HTM DERIVATIF
31 Disember 2013
Aset kewangan
Tunai, baki dan simpanan di bank 3,728,658 3,728,658
Aset kewangan yang dipegang untuk dagangan 1,216,895 1,216,895
Aset kewangan derivatif 29,118 29,118
Aset kewangan sedia untuk jualan 12,418,932 12,418,932
Aset kewangan yang dipegang hingga matang 63,327 63,327
Pembiayaan, pendahuluan dan lain-lain 23,740,948 23,740,948
Aset lain 39,167 39,167
Deposit berkanun dengan Bank Negara Malaysia 1,297,100 1,297,100
Liabiliti kewangan
Deposit daripada pelanggan (37,272,452) (37,272,452)
Deposit dan simpanan dari bank dan
institusi kewangan lain (1,529,975) (1,529,975)
Liabiliti kewangan derivatif (13,565) (13,565)
Bil dan penerimaan belum bayar (170,598) (170,598)
Liabiliti lain (476,626) (476,626)
Instrumen kewangan Kumpulan tidak banyak berbeza berbanding instrumen kewangan Bank.
Tinjauan
Risiko kredit timbul daripada semua urusniaga yang boleh mengakibatkan tuntutan sebenar, luar jangka atau berpotensi ke atas mana-mana pihak, peminjam
atau penanggung. Antara risiko kredit yang dianggap penting oleh Bank termasuk: Risiko Mungkir, Risiko Pelangsaian, Risiko Tumpuan Kredit, Risiko Baki/Mitigasi
Kredit dan Risiko Migrasi.
Pengurusan risiko kredit dilaksanakan menggunakan dasar-dasar dan garis-garis panduan yang diluluskan oleh BRC, dengan panduan Penyata Kehendak Risiko
yang telah diluluskan oleh Lembaga Pengarah.
Jawatankuasa Kawalan Risiko Pengurusan (MRCC) bertanggungjawab menguruskan risiko kredit pada tahap strategik di bawah kuasa yang diagihkan oleh BRC.
MRCC menilai rangka kerja dan garis panduan risiko kredit Bank, menyelaraskan pengurusan risiko kredit dengan strategi dan rancangan perniagaan, menyemak
profil kredit dan mencadangkan tindakan yang sewajarnya bagi memastikan risiko kredit kekal dalam tahap toleransi yang boleh diterima.
Pengurusan risiko kredit Bank merangkumi pembuatan dasar-dasar, garis panduan dan prosedur risiko kredit yang menyeluruh yang melibatkan piawaian pembiayaan,
kuasa mutlak meluluskan pembiayaan, kaedah dan model penarafan risiko kredit, cagaran dan penilaian yang boleh diterima, serta penilaian, pemulihan dan
penstrukturan semula pembiayaan yang bermasalah dan ingkar.
Pengurusan risiko kredit dilaksanakan oleh dua jabatan berbeza dalam Jabatan Pengurusan Risiko (RMD), Analisis Kredit dan Pengurusan Risiko Kredit, serta dua
jabatan di luar bidang kuasa RMD iaitu Pentadbiran Kredit dan Pemulihan Kredit. Matlamat gabungannya antara lain ialah:
Untuk membina portfolio kredit berkualiti tinggi sejajar dengan strategi keseluruhan Bank dan kehendak risikonya;
Untuk memastikan Bank mendapat pampasan berikutan risiko yang diambil, menseimbangkan/mengoptimakan hubungan risiko/pulangan;
Untuk membina kebolehan mengenalpasti, mengukur dan mengelakkan atau mengurangkan potensi risiko kredit; dan
Bank memantau pendedahan kreditnya samada berdasarkan portfolio atau individu menerusi semakan tahunan. Risiko kredit dipantau secara proaktif menerusi
satu set tanda amaran awal yang boleh mencetuskan semakan segera ke atas portfolio terbabit (atau sebahagian daripadanya). Portfolio atau pembiayaan
yang terjejas diletakkan dalam senarai pantauan untuk pemerhatian rapi dan bagi mengelakkan pembiayaan tersebut menjadi pembiayaan merosot dan bagi
meningkatkan peluang pembayaran semula sepenuhnya.
Satu struktur had menyeluruh disediakan bagi memastikan risiko yang diambil adalah di dalam lingkungan keinginan risiko seperti yang ditetapkan oleh Lembaga
Pengarah dan bagi mengelakkan penularan risiko kredit kepada pelanggan, sektor, produk, kontrak Syariah dan sebagainya.
Risiko kredit yang timbul daripada aktiviti urus janji dan pelaburan diuruskan menerusi penetapan had yang merangkumi had rakan syarikat dan pengambilalihan
instrumen entiti swasta yang dibenarkan, tertakluk kepada ambang penarafan minimum yang khusus. Selain itu, aktiviti urus janji dan pelaburan dipantau oleh
unit pejabat tengah bebas.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
252
Jadual berikut mewakili pendedahan maksimum Kumpulan dan Bank kepada risiko kredit instrumen kewangan di dalam dan luar lembaran imbangan, tanpa
mengambilkira sebarang cagaran yang dipegang atau peningkatan kredit lain. Bagi aset dalam lembaran imbangan, pendedahan kepada risiko kredit menyamai
jumlah bawaannya. Bagi liabiliti luar jangka, pendedahan maksimum kepada risiko kredit adalah jumlah maksimum yang patut dibayar oleh Kumpulan dan Bank
sekiranya tanggungan instrumen yang diterbitkan digesa. Bagi komitmen kredit, pendedahan maksimum kepada risiko kredit adalah jumlah penuh kemudahan
kredit belum dikeluarkan yang diberikan kepada pelanggan.
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
TUNAI DAN
DANA JANGKA
PENDEK DAN
DEPOSIT DAN ASET ASET ASET PEMBIAYAAN,
SIMPANAN KEWANGAN KEWANGAN KEWANGAN PEN- JUMLAH
DENGAN DIPEGANG SEDIA DIPEGANG DAHULUAN DALAM KOMITMEN
INSTITUSI UNTUK ASET UNTUK HINGGA DAN LEMBARAN DAN LUAR
KUMPULAN KEWANGAN DAGANGAN DERIVATIF JUALAN MATANG LAIN-LAIN IMBANGAN JANGKA*
SETAKAT 31 DISEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
254
TUNAI DAN
DANA JANGKA
PENDEK DAN
DEPOSIT DAN ASET ASET ASET PEMBIAYAAN,
SIMPANAN KEWANGAN KEWANGAN KEWANGAN PEN- JUMLAH
DENGAN DIPEGANG SEDIA DIPEGANG DAHULUAN DALAM KOMITMEN
INSTITUSI UNTUK ASET UNTUK HINGGA DAN LEMBARAN DAN LUAR
KUMPULAN KEWANGAN DAGANGAN DERIVATIF JUALAN MATANG LAIN-LAIN IMBANGAN JANGKA*
SETAKAT 31 DISEMBER 2013 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
TUNAI DAN
DANA JANGKA
PENDEK DAN
DEPOSIT DAN ASET ASET ASET PEMBIAYAAN,
SIMPANAN KEWANGAN KEWANGAN KEWANGAN PEN- JUMLAH
DENGAN DIPEGANG SEDIA DIPEGANG DAHULUAN DALAM KOMITMEN
INSTITUSI UNTUK ASET UNTUK HINGGA DAN LEMBARAN DAN LUAR
BANK KEWANGAN DAGANGAN DERIVATIF JUALAN MATANG LAIN-LAIN IMBANGAN JANGKA*
SETAKAT 31 DISEMBER 2014 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
256
TUNAI DAN
DANA JANGKA
PENDEK DAN
DEPOSIT DAN ASET ASET ASET PEMBIAYAAN,
SIMPANAN KEWANGAN KEWANGAN KEWANGAN PEN- JUMLAH
DENGAN DIPEGANG SEDIA DIPEGANG DAHULUAN DALAM KOMITMEN
INSTITUSI UNTUK ASET UNTUK HINGGA DAN LEMBARAN DAN LUAR
BANK KEWANGAN DAGANGAN DERIVATIF JUALAN MATANG LAIN-LAIN IMBANGAN JANGKA*
SETAKAT 31 DISEMBER 2013 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
(ii) Cagaran
Jenis utama cagaran yang diperolehi oleh Kumpulan dan Bank bagi mengurangkan risiko kredit adalah seperti berikut:
Untuk pembiayaan dan pendahuluan lain caj-caj ke atas aset-aset perniagaan seperti premis, inventori, pemiutang perdagangan atau deposit
Pembiayaan yang mana peminjam tidak pernah mengingkari pembayaran yang dipersetujui (keuntungan atau jumlah pokok) apabila sampai tempoh dan
adalah tidak merosot kerana tiada bukti objektif berlakunya kemerosotan dalam pembiayaan tersebut.
Pembiayaan ini adalah di mana keuntungan kontrak atau bayaran jumlah pokoknya telah lampau tempoh, tetapi Kumpulan dan Bank yakin bahawa
kemerosotan adalah tidak wajar berdasarkan tahap cagaran yang ada dan/atau peringkat jumlah kutipan yang patut dibayar kepada Kumpulan dan Bank.
Pembiayaan merosot
Pembiayaan diklasifikasi sebagai merosot apabila jumlah pokok atau keuntungan atau kedua-duanya telah melangkau tempoh selama tiga bulan atau lebih,
atau apabila sesuatu pembiayaan telah tertunggak untuk kurang daripada tiga bulan, tetapi pembiayaan tersebut menunjukkan tanda-tanda kelemahan
kredit yang ketara.
Jadual di bawah meringkaskan kualiti kredit pembiayaan kasar Kumpulan dan Bank menurut klasifikasi di atas.
30,111,712 24,242,520
Peruntukan untuk kemerosotan pembiayaan, pendahuluan dan lain-lain
peruntukan penaksiran kolektif (444,388) (365,375)
peruntukan penaksiran individu (142,753) (136,197)
29,524,571 23,740,948
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
258
(iii) Kualiti kredit bagi jumlah kasar pembiayaan dan pendahuluan (sambungan)
29,346,053 23,527,458
Cemerlang hingga baik: Kedudukan kewangan yang kukuh tanpa kesukaran memenuhi obligasinya.
Memuaskan: Keselamatan yang mencukupi dalam memenuhi obligasinya tetapi memerlukan masa yang lebih untuk memenuhi obligasi tersebut sepenuhnya.
Sederhana: Berisiko tinggi dalam obligasi pembayaran. Prestasi kewangan berkemungkinan terus merosot.
(iii) Kualiti kredit bagi jumlah kasar pembiayaan dan pendahuluan (sambungan)
Pembiayaan merosot
344,539 285,302
124,632 114,183
Pembiayaan yang dijadualkan dan distruktur semula adalah disebabkan oleh kemerosotan dalam kedudukan kewangan peminjam dan apabila Bank telah
membuat konsesi yang ia tidak akan dipertimbangkan. Apabila sesuatu pembayaran dijadualkan atau distruktur semula, prestasinya yang memuaskan
dipantau selama tempoh enam bulan sebelum ia diklasifikasi semula sebagai berbayar.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
260
(iii) Kualiti kredit bagi jumlah kasar pembiayaan dan pendahuluan (sambungan)
Pembiayaan, pendahuluan dan lain-lain mengikut jenis perniagaan ditaksir mengikut rujukan sistem penarafan dalaman Bank:
Kualiti kredit aset kewangan lain oleh pihak luar adalah seperti berikut:
Nota: Tiada perbezaan ketara di antara aset-aset kewangan Kumpulan dan aset-aset kewangan Bank.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
262
Kualiti kredit aset kewangan lain oleh pihak luar adalah seperti berikut (sambungan):
Nota: Tiada perbezaan ketara di antara aset-aset kewangan Kumpulan dan aset-aset kewangan Bank.
Tinjauan
Kesemua perniagaan Bank adalah tertakluk kepada risiko bahawa harga dan kadar pasaran akan berubah, yang menyebabkan keuntungan atau kerugian kepada
Bank. Selain itu, perubahan kadar yang ketara atau mendadak boleh menjejaskan kedudukan kecairan/pembiayaan Bank. Bank terdedah kepada faktor-faktor risiko
pasaran/kecairan utama berikut:
Kadar Risiko Pulangan atau Keuntungan: potensi impak ke atas keuntungan Bank yang disebabkan oleh perubahan dalam kadar pulangan pasaran, samada
ekoran perubahan am pasaran atau sebab khusus penerbit/peminjam;
Risiko Tukaran Asing: kesan perubahan kadar tukaran ke atas kedudukan matawang Bank;
Risiko Pelaburan Ekuiti: kesan keuntungan ke atas kedudukan ekuiti atau pelaburan Bank yang disebabkan oleh perubahan dalam harga atau nilai ekuiti;
Risiko Inventori Komoditi: risiko kerugian disebabkan perubahan dalam harga komoditi;
Risiko Kecairan: potensi ketakmampuan Bank untuk memenuhi syarat-syarat pembiayaan pada kos yang wajar (risiko kecairan pembiayaan) atau ketakmampuan
untuk mencairkan kedudukan dengan cepat pada harga yang wajar (risiko kecairan pasaran).
Tinjauan (sambungan)
Objektif pengurusan risiko pasaran Bank adalah untuk mengurus dan mengawal pendedahan risiko pasaran bagi mengoptimakan pulangan dan pada masa yang
sama mengekalkan profil risiko pasaran yang konsisten dengan kehendak risiko Bank yang diluluskan.
Bank mengasingkan pendedahan risiko pasaran kepada portfolio dagangan atau bukan dagangan. Portfolio dagangan merangkumi kedudukan yang timbul daripada
pembuatan pasaran, pengambilan kedudukan pemilik dan lain-lain kedudukan penandaan pasaran yang diagihkan seperti dalam Penyata Dasar Buku Dagangan
yang diluluskan. Portfolio bukan dagangan timbul daripada padanan penentuan semula harga bagi aset-aset dan liabiliti-liabiliti berasaskan pelanggan dan daripada
pelaburan dana lebihan Bank.
Pengurusan risiko pasaran dilaksanakan menggunakan had risiko yang diluluskan oleh BRC, dan di bawah panduan Penyata Kehendak Risiko yang diluluskan oleh
Lembaga Pengarah.
Jawatankuasa Pengurusan Aset dan Liabiliti (ALCO) bertanggungjawab menguruskan risiko pasaran pada tahap strategik di bawah kuasa yang diagihkan oleh
BRC.
Semua pendedahan risiko pasaran diuruskan oleh Perbendaharaan. Matlamatnya ialah untuk memastikan bahawa semua risiko pasaran digabungkan di
Perbendaharaan, yang memiliki kemahiran, peralatan, pengurusan dan tadbir urus yang diperlukan untuk menguruskan risiko tersebut dengan profesional. Had
ditetapkan untuk portfolio, produk dan jenis risiko, dengan kecairan pasaran dan kualiti kredit sebagai faktor utama dalam menentukan tahap had tersebut.
Jabatan Pengurusan Risiko Pasaran (MRMD) merupakan fungsi kawalan risiko bebas yang bertanggungjawab memastikan pelaksanaan dasar pengurusan risiko
pasaran secara efisien. MRMD juga bertanggungjawab membuat garis panduan pengurusan risiko pasaran, teknik ukuran, andaian tatalaku dan kaedah penetapan
had. Sebarang lebihan berbanding had yang ditetapkan dilaporkan serta-merta kepada Pengurusan Kanan. Prosedur peningkatan yang ketat didokumentasi dengan
sempurna dan diluluskan oleh BRC. Selain itu, pendedahan dan had risiko pasaran dilaporkan secara kerap kepada ALCO dan BRC.
Kawalan lain bagi memastikan pendedahan risiko pasaran kekal dalam tahap yang boleh diterima adalah termasuk ujian tekanan, prosedur kelulusan produk baru
yang ketat dan senarai instrumen dibenarkan yang boleh didagangkan. Keputusan ujian tekanan dikeluarkan setiap bulan bagi menentukan impak perubahan ke
atas kadar keuntungan, kadar tukaran asing dan lain-lain faktor risiko ke atas keuntungan Bank, kecukupan modal dan kecairan. Ujian tekanan menyediakan pihak
Pengurusan dan BRC dengan penilaian mengenai impak kewangan peristiwa-peristiwa melampau yang dikenalpasti ke atas pendedahan risiko pasaran Bank.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
264
Jadual berikut merumuskan pendedahan Kumpulan dan Bank kepada risiko kadar keuntungan. Jadual menunjukkan purata kadar keuntungan pada tarikh
laporan dan tempoh di mana instrumen kewangan dihargakan semula atau mencapai tempoh matang, yang mana lebih awal.
Aset
Tunai, baki dan simpanan
di bank 2,391,792 104,108 773,453 3,269,353 2.40
Aset kewangan dipegang
untuk dagangan 921,629 921,629 3.80
Aset kewangan derivatif 62,541 62,541 1.99
Aset kewangan sedia
untuk jualan 56,394 124,169 1,799,758 5,396,262 2,860,080 10,236,663 4.14
Aset kewangan dipegang
hingga matang 60,752 60,752 8.44
Pembiayaan, pendahuluan
dan lain-lain
tidak merosot 1,048,140 1,210,137 777,261 2,318,746 24,412,889 29,767,173 6.01
kemerosotan bersih
dari peruntukan* (242,602) (242,602)
Aset-aset lain 1,745,173 1,745,173
Jumlah aset 3,496,326 1,438,414 2,577,019 7,715,008 27,333,721 2,276,024 984,170 45,820,682
* Ini dicapai selepas menolak peruntukan penilaian kolektif dan peruntukan penilaian individu daripada baki pembiayaan merosot kasar.
Liabiliti
Deposit daripada pelanggan 18,070,797 4,317,866 2,852,504 55,698 15,713,467 41,010,332 2.19
Deposit dan simpanan
dari bank dan institusi
kewangan lain 200,000 100,000 300,000 2.99
Liabiliti kewangan derivatif 32,407 32,407 1.03
Bil dan penerimaan belum bayar 127,524 127,524
Liabiliti-liabiliti lain 620,829 620,829
Ekuiti
Ekuiti pemegang ekuiti Bank 3,729,590 3,729,590
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
266
Aset
Tunai, baki dan simpanan
di bank 2,984,281 130,491 18 616,133 3,730,923 2.26
Aset kewangan dipegang
untuk dagangan 1,216,895 1,216,895 2.51
Aset kewangan derivatif 29,118 29,118 1.04
Aset kewangan sedia
untuk jualan 291,837 978,243 1,979,158 5,727,754 3,439,929 12,416,921 3.96
Aset kewangan dipegang
hingga matang 63,327 63,327 9.06
Pembiayaan, pendahuluan
dan lain-lain
tidak merosot 1,014,025 1,125,266 580,605 2,130,053 19,107,269 23,957,218 6.25
kemerosotan bersih
dari peruntukan* (216,270) (216,270)
Aset-aset lain 1,613,239 1,613,239
Jumlah aset 4,290,143 2,234,000 2,559,781 7,857,807 22,610,525 2,013,102 1,246,013 42,811,371
* Ini dicapai selepas menolak peruntukan penilaian kolektif dan peruntukan penilaian individu daripada baki pembiayaan merosot kasar.
Liabiliti
Deposit daripada pelanggan 17,553,433 2,771,729 2,093,107 175,956 154 14,650,623 37,245,002 2.16
Deposit dan simpanan
dari bank dan institusi
kewangan lain 1,314,564 151,538 63,873 1,529,975 2.20
Liabiliti kewangan derivatif 13,565 13,565 0.48
Bil dan penerimaan belum bayar 20,421 4,855 145,322 170,598 3.45
Liabiliti-liabiliti lain 525,396 525,396
Jumlah liabiliti 18,888,418 2,928,122 2,156,980 175,956 154 15,321,341 13,565 39,484,536
Ekuiti
Ekuiti pemegang ekuiti Bank 3,326,835 3,326,835
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
268
Aset
Tunai, baki dan simpanan
di bank 2,391,747 104,108 773,272 3,269,127 2.40
Aset kewangan dipegang
untuk dagangan 916,539 916,539 3.80
Aset kewangan derivatif 62,541 62,541 1.99
Aset kewangan sedia
untuk jualan 56,851 124,169 1,799,758 5,396,262 2,860,080 10,237,120 4.14
Aset kewangan dipegang
hingga matang 60,752 60,752 8.44
Pembiayaan, pendahuluan
dan lain-lain
tidak merosot 1,048,140 1,210,137 777,261 2,318,746 24,412,889 29,767,173 6.01
kemerosotan bersih
dari peruntukan* (242,602) (242,602)
Aset-aset lain 1,758,637 1,758,637
Jumlah aset 3,496,738 1,438,414 2,577,019 7,715,008 27,333,721 2,289,307 979,080 45,829,287
* Ini dicapai selepas menolak peruntukan penilaian kolektif dan peruntukan penilaian individu daripada baki pembiayaan merosot kasar.
Liabiliti
Deposit daripada pelanggan 18,076,815 4,317,866 2,853,054 55,698 15,718,123 41,021,556 2.19
Deposit dan simpanan
dari bank dan institusi
kewangan lain 200,000 100,000 300,000 2.99
Liabiliti kewangan derivatif 32,407 32,407 1.03
Bil dan penerimaan belum bayar 127,524 127,524
Liabiliti-liabiliti lain 617,172 617,172
Ekuiti
Ekuiti pemegang ekuiti Bank 3,730,628 3,730,628
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
270
Aset
Tunai, baki dan simpanan
di bank 2,984,201 130,491 18 613,948 3,728,658 2.26
Aset kewangan dipegang
untuk dagangan 1,216,895 1,216,895 2.51
Aset kewangan derivatif 29,118 29,118 1.04
Aset kewangan sedia
untuk jualan 293,848 978,243 1,979,158 5,727,754 3,439,929 12,418,932 3.96
Aset kewangan dipegang
hingga matang 63,327 63,327 9.06
Pembiayaan, pendahuluan
dan lain-lain
tidak merosot 1,014,025 1,125,266 580,605 2,130,053 19,107,269 23,957,218 6.25
kemerosotan bersih
dari peruntukan* (216,270) (216,270)
Aset-aset lain 1,638,653 1,638,653
Jumlah aset 4,292,074 2,234,000 2,559,781 7,857,807 22,610,525 2,036,331 1,246,013 42,836,531
* Ini dicapai selepas menolak peruntukan penilaian kolektif dan peruntukan penilaian individu daripada baki pembiayaan merosot kasar.
Liabiliti
Deposit daripada pelanggan 17,576,776 2,771,929 2,093,657 175,956 154 14,653,980 37,272,452 2.16
Deposit dan simpanan
dari bank dan institusi
kewangan lain 1,314,564 151,538 63,873 1,529,975 2.20
Liabiliti kewangan derivatif 13,565 13,565 0.48
Bil dan penerimaan belum bayar 20,421 4,855 145,322 170,598 3.45
Liabiliti-liabiliti lain 520,567 520,567
Jumlah liabiliti 18,911,761 2,928,322 2,157,530 175,956 154 15,319,869 13,565 39,507,157
Ekuiti
Ekuiti pemegang ekuiti Bank 3,329,374 3,329,374
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
272
Risiko kadar keuntungan dalam portfolio bukan dagangan diuruskan dan dikawal menggunakan ukuran yang dikenali sebagai nilai ekonomi ekuiti (EVE) dan
pendapatan berisiko (EaR). Had EVE dan EaR diluluskan oleh BRC dan dipantau secara bebas setiap bulan oleh MRMD. Pendedahan dan had dibincangkan
secara kerap dan dilaporkan kepada ALCO dan BRC.
Bank menguruskan portfolio bukan dagangan dengan memantau kepekaan unjuran EaR dan EVE di bawah pelbagai senario kadar keuntungan (model
simulasi). Untuk model simulasi, kombinasi di antara senario lazim dan senario bukan lazim yang berkaitan dengan pasaran tempatan digunakan. Senario
lazim yang dipantau setiap bulan adalah merangkumi 100 dan 200 mata asas yang selari dengan penurunan atau peningkatan dalam kadar keuntungan dan
simulasi peristiwa lampau. Senario-senario ini tidak memerlukan tindakan pengurusan. Justeru itu, ia tidak merangkumi tindakan yang akan diambil oleh
Perbendaharaan untuk mengurangkan impak risiko kadar keuntungan terbabit. Secara realiti, bergantung kepada pandangan mengenai pergerakan pasaran
masa hadapan, Perbendaharaan secara proaktif akan mengubah profil pendedahan kadar keuntungan bagi meminimakan kerugian dan mengoptimakan
perolehan bersih. Ciri strategi-strategi pengurangan risiko dan lindung nilai terbabit adalah sejajar dengan instrumen pasaran yang tersedia. Strategi-strategi
ini terdiri daripada penggunaan instrumen pasaran tradisional, seperti tukaran kadar keuntungan, kepada strategi-strategi lindung nilai yang lebih rumit bagi
menangani pendedahan risiko kadar keuntungan yang melampau.
Jadual di bawah menunjukkan unjuran kepekaan Kumpulan dan Bank terhadap 100 mata asas anjakan selari dengan kadar keuntungan untuk semua tempoh
matang yang digunapakai ke atas jurang kepekaan kadar keuntungan Kumpulan dan Bank pada tarikh laporan.
2014 2013
-100bps +100bps -100bps +100bps
PENINGKATAN/(PENURUNAN)
RM JUTA RM JUTA RM JUTA RM JUTA
BANK
Impak ke atas EaR (22.45) 22.45 (51.45) 51.45
Impak ke atas EVE (397.43) 397.43 (521.44) 521.44
Nota: EVE dan EaR setakat 31 Disember 2013 telah dikembalikan sejajar dengan perubahan kaedah iaitu daripada kaedah kelakuan kepada kaedah kontrak
BNM seperti yang diluluskan oleh BRC Khas 01/2014 pada 30 Jun 2014.
Kawalan lain untuk mengawal risiko kadar keuntungan dalam portfolio bukan dagangan adalah termasuk ujian tekanan dan pelaksanaan had kepekaan ke atas
aset kewangan sedia untuk jualan. Kepekaan diukur menggunakan nilai terkini perubahan 1 mata asas (PV01) dan dipantau secara bebas oleh MRMD secara
mingguan berbanding had yang diluluskan oleh BRC. Pendedahan dan had PV01 dibincangkan secara kerap dan dilaporkan kepada ALCO dan BRC.
Risiko pasaran dalam portfolio dagangan dipantau dan dikawal menggunakan Nilai Berisiko (VaR). Had VaR diluluskan oleh BRC dan dipantau secara bebas
oleh MRMD setiap hari. Pendedahan dan had dibincangkan secara kerap dan dilaporkan kepada ALCO and BRC.
Nilai berisiko
VaR adalah satu teknik yang menganggarkan potensi kerugian yang mungkin berlaku ke atas kedudukan risiko ekoran pergerakan dalam kadar dan harga
pasaran dalam satu tempoh masa yang khusus dan pada satu tahap keyakinan yang wujud. Model-model VaR yang digunakan oleh Bank adalah berdasarkan
simulasi sejarah. Model-model ini memberi senario masa hadapan yang berkemungkinan berlaku berdasarkan siri-siri lampau kadar dan harga pasaran yang
telah direkodkan, dengan mengambilkira hubungan di antara kadar dan pasaran yang berbeza seperti kadar keuntungan dan kadar tukaran asing. Model
simulasi sejarah yang digunakan oleh Bank merangkumi ciri-ciri berikut:
Potensi pergerakan pasaran diramal dengan merujuk kepada data dari empat tahun lepas;
Kadar dan harga pasaran sejarah ditentukan dengan merujuk kepada kadar tukaran asing dan kadar keuntungan; dan
VaR dihitung sehingga 99 peratus tahap keyakinan untuk tempoh pegangan selama sehari. Ciri model VaR menjadikan peningkatan dalam ketidaktentuan
pasaran yang dipantau membawa kepada peningkatan dalam VaR tanpa sebarang perubahan dalam kedudukan asas.
Secara statistik, Bank menjangkakan kerugian dalam lebihan VaR berlaku hanya 1 peratus dalam tempoh satu tahun. Jumlah sebenar lebihan dalam tempoh
ini dapat digunakan untuk menentukan tahap keberkesanan model tersebut.
Ringkasan mengenai kedudukan VaR portfolio dagangan Bank pada tarikh laporan adalah seperti berikut:
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
274
Walaupun ia adalah panduan yang berguna berkaitan risiko, VaR harus sentiasa dilihat dalam konteks hadnya. Sebagai contoh:
Penggunaan data sejarah sebagai proksi untuk menjangka peristiwa masa hadapan mungkin tidak merangkumi semua peristiwa yang berpotensi,
terutamanya peristiwa yang berciri melampau;
Penggunaan tempoh pegangan selama 1 hari mengandaikan bahawa semua kedudukan boleh dicairkan atau dilindungi dalam masa sehari. Ini mungkin
tidak menggambarkan sepenuhnya risiko pasaran yang timbul pada ketika berlakunya ketakcairan yang teruk, apabila tempoh pegangan selama 1 hari tidak
mencukupi untuk mencairkan atau melindungi semua kedudukan sepenuhnya;
Penggunaan tahap keyakinan 99 peratus, mengikut takrifnya, tidak mengambilkira kerugian yang mungkin berlaku di luar tahap keyakinan ini;
VaR dihitung berdasarkan baki pendedahan pada akhir tempoh perniagaan dan justeru itu tidak semestinya menggambarkan pendedahan intra-hari; dan
VaR tidak berkemungkinan menggambarkan potensi kerugian bagi pendedahan yang mungkin timbul di bawah pergerakan pasaran yang penting.
Bank mengiktiraf kekangan ini dengan meningkatkan had VaR dengan had-had lain seperti had kerugian maksimum, had kedudukan dan struktur had PV01.
Had-had ini diluluskan oleh BRC dan dipantau secara bebas oleh MRMD setiap hari. Pendedahan dan had dipantau secara kerap dan dilaporkan kepada ALCO
dan BRC.
Kawalan lain untuk mengawal risiko pasaran pada tahap yang boleh diterima adalah menerusi ujian tekanan, proses kelulusan produk baru yang ketat dan
senarai instrumen yang dibenarkan untuk dagangan. Ujian tekanan dikeluarkan setiap bulan bagi menentukan impak perubahan ke atas kadar keuntungan, kadar
tukaran asing dan lain-lain penunjuk ekonomi utama ke atas keuntungan, kecukupan modal dan kecairan Kumpulan dan Bank. Ujian tekanan menyediakan
pihak Pengurusan dan BRC dengan penilaian impak kewangan bagi peristiwa melampau yang telah dikenalpasti ke atas pendedahan risiko pasaran Bank.
Kedudukan dagangan
Selain VaR dan ujian tekanan, Bank mengawal risiko tukaran asing dalam portfolio dagangan dengan menghadkan pendedahan terbuka kepada matawang
individu, pada asas agregat.
Bank mengawal risiko keseluruhan tukaran asing dengan menghadkan pendedahan terbuka kepada kedudukan bukan-Ringgit pada asas agregat.
Had tukaran asing diluluskan oleh BRC dan dipantau secara bebas oleh MRMD setiap hari. Pendedahan dan had dibincangkan secara kerap dan dilaporkan
kepada ALCO dan BRC.
Analisis Kepekaan
Memandangkan pembolehubah risiko lain kekal berterusan, kepekaan penilaian semula matawang asing bagi Kumpulan dan Bank pada tarikh laporan
diringkaskan seperti berikut (hanya pendedahan matawang yang melibatkan lebih daripada 5 peratus kedudukan terbuka bersih dibentangkan dalam matawang
khususnya dalam jadual di bawah. Untuk matawang lain, pendedahannya dikumpulkan sebagai Lain-lain):
2014 2013
-1% +1% -1% +1%
SUSUT NILAI NAIK NILAI SUSUT NILAI NAIK NILAI
RM000 RM000 RM000 RM000
Tinjauan
Risiko kecairan adalah risiko bahawa Bank tidak mempunyai sumber kewangan yang mencukupi untuk memenuhi tanggungannya apabila sampai tempoh, atau
kemungkinan perlu membiaya tanggungan tersebut pada kos yang melampau. Risiko ini mungkin timbul daripada ketidakpadanan penetapan masa aliran tunai.
Risiko pembiayaan timbul apabila kecairan yang perlu bagi membiaya kedudukan aset tak cair tidak boleh diperolehi pada tempoh jangkaan apabila diperlukan.
Bank mengekalkan asas pembiayaan yang berkepelbagaian dan stabil yang merangkumi runcit teras, komersil, deposit pelanggan korporat dan baki institusi. Ini
dipertingkatkan dengan pembiayaan borong dan portfolio aset berkecairan tinggi.
Matlamat pengurusan pembiayaan dan kecairan Bank adalah untuk memastikan bahawa semua komitmen pembiayaan dan pengeluaran deposit yang boleh
dijangka boleh dipenuhi apabila sampai tempoh dan bahawa akses pasaran borong kekal boleh digunakan serta menjimatkan kos.
Akaun semasa dan deposit simpanan yang perlu dibayar atas permintaan atau pada notis segera membentuk bahagian penting pembiayaan Bank, dan Bank
menekankan kepentingan mengekalkan kestabilannya. Bagi deposit, kestabilan bergantung kepada pengekalan keyakinan pendeposit terhadap Bank dan kemantapan
modal dan kecairan Bank, serta pada harga yang kompetitif dan telus.
Pengurusan kecairan dan pembiayaan dilaksanakan sejajar dengan Rangka Kerja Kecairan Bank Negara Malaysia serta amalan-amalan, had-had dan
pencetus-pencetus yang telah diluluskan oleh BRC dan ALCO. Had-had dan pencetus-pencetus ini adalah berbeza bagi mengambilkira kedalaman dan kecairan
pasaran tempatan di mana Bank beroperasi. Bank mengekalkan kedudukan kecairan yang kukuh dan menguruskan profil kecairan aset-aset, liabiliti-liabiliti dan
komitmen-komitmennya bagi memastikan bahawa aliran tunai diseimbangkan dengan sewajarnya dan semua tanggungan dipenuhi apabila sampai tempoh.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
276
Tinjauan (sambungan)
Unjuran harian aliran tunai dan memastikan bahawa Bank mempunyai lebihan kecairan dan rizab yang mencukupi untuk menangani kejutan kecairan yang
berlaku secara tiba-tiba;
Mengunjurkan aliran tunai dan mempertimbangkan tahap aset cair yang sewajarnya berhubung perkara ini;
Mengekalkan sumber pembiayaan yang pelbagai dengan fasiliti sokongan yang mencukupi;
Memantau konsentrasi pendeposit bagi mengelakkan kebergantungan yang tidak wajar ke atas pendeposit individu dan memastikan campuran pembiayaan
keseluruhan yang memuaskan; dan
Menguruskan tempoh matang dan mempelbagaikan liabiliti pembiayaan untuk semua produk dan kaunterpart.
Pengurusan risiko pembiayaan dan kecairan dilaksanakan menggunakan mandat had risiko yang diluluskan oleh BRC dan pencetus tindakan pengurusan yang
ditugaskan oleh ALCO.
ALCO bertanggungjawab di bawah kuasa yang diagihkan oleh BRC untuk menguruskan risiko pembiayaan dan kecairan pada tahap strategik.
Semua pendedahan risiko kecairan diuruskan oleh Perbendaharaan. Matlamatnya ialah untuk memastikan bahawa risiko pembiayaan dan kecairan digabungkan di
Perbendaharaan, yang memiliki kemahiran, peralatan, pengurusan dan tadbir urus yang diperlukan untuk mengurus risiko-risiko tersebut secara profesional. Had
dan pencetus ditetapkan bagi memenuhi objektif berikut:
Lebihan kecairan dan rizab yang mencukupi bagi menangani kejutan kecairan yang berlaku secara tiba-tiba;
Asas deposit tidak terlalu tertumpu kepada bilangan pendeposit yang kecil;
Kapasiti peminjaman yang mencukupi di pasaran Interbank dan aset kewangan berkecairan tinggi sebagai sokongan; dan
MRMD merupakan fungsi kawalan risiko bebas dan bertanggungjawab memastikan pelaksanaan dasar-dasar pengurusan risiko pembiayaan dan kecairan yang
mencukupi. MRMD juga bertanggungjawab membangunkan garis panduan pengurusan risiko pembiayaan dan kecairan Bank, teknik ukuran, andaian tatalaku dan
kaedah penentuan had. Sebarang lebihan berbanding had dan pencetus yang telah ditetapkan dilaporkan dengan serta-merta kepada pihak Pengurusan Kanan.
Prosedur peningkatan yang ketat didokumentasi dengan sempurna dan diluluskan oleh BRC, dengan kuasa yang sewajarnya untuk mengesahkan atau meluluskan
lebihan yang ada. Selain itu, pendedahan dan had risiko pasaran dilaporkan secara kerap kepada ALCO dan BRC.
Kawalan lain bagi memastikan pendedahan risiko pembiayaan dan kecairan kekal dalam tahap yang boleh diterima ialah ujian tekanan. Ujian tekanan dan analisis
senario merupakan alat yang penting dalam rangka kerja pengurusan kecairan Bank. Ini juga merangkumi penilaian kecairan aset di bawah pelbagai senario tekanan.
Keputusan ujian tekanan dikeluarkan setiap bulan bagi menentukan impak kejutan kecairan yang berlaku secara tiba-tiba. Ujian tekanan menyediakan pihak
Pengurusan dan BRC dengan penilaian impak kewangan bagi peristiwa melampau yang dikenalpasti ke atas pendedahan risiko pembiayaan dan kecairan Bank.
Satu lagi ciri kawalan utama pengurusan risiko pembiayaan dan kecairan Bank ialah pelan luar jangka pembiayaan dan kecairan yang telah diluluskan dan
didokumentasi. Pelan ini mengenalpasti penunjuk awal keadaan tekanan dan menggambarkan tindakan yang perlu diambil sekiranya berlaku kesukaran yang
timbul daripada krisis sistem atau krisis lain sambil meminimakan implikasi buruk jangka panjang ke atas Bank.
Analisis kematangan
Jadual di bawah adalah ringkasan aset-aset dan liabiliti-liabiliti Kumpulan dan Bank berdasarkan baki tempoh matang kontrak:
Aset
Tunai, baki dan simpanan di bank 773,453 2,391,792 104,108 3,269,353
Portfolio sekuriti 490,709 259,457 730,579 1,229,869 8,508,430 11,219,044
Aset kewangan derivatif 4,323 8,250 26,970 6,328 16,670 62,541
Pembiayaan, pendahuluan dan lain-lain 1,048,140 1,210,137 509,343 267,918 26,489,033 29,524,571
Aset-aset lain 1,745,173 1,745,173
Liabiliti
Deposit daripada pelanggan 15,713,467 18,070,797 4,317,866 1,860,673 991,831 55,698 41,010,332
Deposit dan simpanan dari bank
dan institusi kewangan lain 200,000 100,000 300,000
Liabiliti kewangan derivatif 2,108 17,720 4,310 4,985 3,284 32,407
Liabiliti-liabiliti lain 748,353 748,353
Ekuiti
Ekuiti pemegang ekuiti Bank 3,729,590 3,729,590
Jurang kecairan bersih dalam Lembaran Imbangan (14,940,014) (14,337,941) (2,853,634) (598,091) 507,299 32,222,381
Komitmen dan luar jangka 2,410,036 1,676,783 1,434,560 1,434,375 2,372,617 2,807,596 12,135,967
Jurang kecairan bersih (17,350,050) (16,014,724) (4,288,194) (2,032,466) (1,865,318) 29,414,785 (12,135,967)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
278
Aset
Tunai, baki dan simpanan di bank 616,133 2,984,281 130,491 13 5 3,730,923
Portfolio sekuriti 291,837 1,338,465 967,987 1,342,489 9,756,365 13,697,143
Aset kewangan derivatif 8,374 3,828 (200) (259) 17,375 29,118
Pembiayaan, pendahuluan dan lain-lain 1,014,025 1,125,266 224,711 355,894 21,021,052 23,740,948
Aset-aset lain 1,613,239 1,613,239
Liabiliti
Deposit daripada pelanggan 14,650,623 17,553,433 2,771,729 1,531,244 561,863 176,110 37,245,002
Deposit dan simpanan dari bank
dan institusi kewangan lain 1,314,564 151,538 32,755 31,118 1,529,975
Liabiliti kewangan derivatif 6,915 4,368 91 24 2,167 13,565
Liabiliti-liabiliti lain 695,994 695,994
Ekuiti
Ekuiti pemegang ekuiti Bank 3,326,835 3,326,835
Jurang kecairan bersih dalam Lembaran Imbangan (14,034,490) (14,576,395) (329,585) (371,579) 1,105,124 28,206,925
Komitmen dan luar jangka 2,186,831 2,011,842 1,358,059 873,122 1,898,539 2,883,287 11,211,680
Jurang kecairan bersih (16,221,321) (16,588,237) (1,687,644) (1,244,701) (793,415) 25,323,638 (11,211,680)
Aset
Tunai, baki dan simpanan di bank 773,272 2,391,747 104,108 3,269,127
Portfolio sekuriti 486,076 259,457 730,579 1,229,869 8,508,430 11,214,411
Aset kewangan derivatif 4,323 8,250 26,970 6,328 16,670 62,541
Pembiayaan, pendahuluan dan lain-lain 1,048,140 1,210,137 509,343 267,918 26,489,033 29,524,571
Aset-aset lain 1,758,637 1,758,637
Liabiliti
Deposit daripada pelanggan 15,718,123 18,076,815 4,317,866 1,860,673 992,381 55,698 41,021,556
Deposit dan simpanan dari bank
dan institusi kewangan lain 200,000 100,000 300,000
Liabiliti kewangan derivatif 2,108 17,720 4,310 4,985 3,284 32,407
Liabiliti-liabiliti lain 744,696 744,696
Ekuiti
Ekuiti pemegang ekuiti Bank 3,730,628 3,730,628
Jurang kecairan bersih dalam Lembaran Imbangan (14,944,851) (14,348,637) (2,853,634) (598,091) 506,749 32,238,464
Komitmen dan luar jangka 2,410,036 1,676,783 1,434,560 1,434,375 2,372,617 2,807,596 12,135,967
Jurang kecairan bersih (17,354,887) (16,025,420) (4,288,194) (2,032,466) (1,865,868) 29,430,868 (12,135,967)
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
280
Aset
Tunai, baki dan simpanan di bank 613,948 2,984,201 130,491 13 5 3,728,658
Portfolio sekuriti 293,848 1,338,465 967,987 1,342,489 9,756,365 13,699,154
Aset kewangan derivatif 8,374 3,828 (200) (259) 17,375 29,118
Pembiayaan, pendahuluan dan lain-lain 1,014,025 1,125,266 224,711 355,894 21,021,052 23,740,948
Aset-aset lain 1,638,653 1,638,653
Liabiliti
Deposit daripada pelanggan 14,653,980 17,576,776 2,771,929 1,531,244 562,413 176,110 37,272,452
Deposit dan simpanan dari bank
dan institusi kewangan lain 1,314,564 151,538 32,755 31,118 1,529,975
Liabiliti kewangan derivatif 6,915 4,368 91 24 2,167 13,565
Liabiliti-liabiliti lain 691,165 691,165
Ekuiti
Ekuiti pemegang ekuiti Bank 3,329,374 3,329,374
Jurang kecairan bersih dalam Lembaran Imbangan (14,040,032) (14,597,807) (329,785) (371,579) 1,104,574 28,234,629
Komitmen dan luar jangka 2,186,831 2,011,842 1,358,059 873,122 1,898,539 2,883,287 11,211,680
Jurang kecairan bersih (16,226,863) (16,609,649) (1,687,844) (1,244,701) (793,965) 25,351,342 (11,211,680)
Jadual di bawah membentangkan aliran tunai belum dibayar oleh Bank di bawah liabiliti kewangan dengan tempoh kematangan kontrak pada akhir tempoh
pelaporan ini. Jumlah yang dinyatakan dalam jadual adalah kontrak aliran tunai tidak terdiskaun:
Liabiliti Kewangan
Deposit daripada pelanggan 33,747,231 4,287,385 1,939,086 1,020,742 59,025 41,053,469
Deposit daripada simpanan bank
dan institusi kewangan lain 200,425 100,409 300,834
Liabiliti kewangan derivatif 4,925 18,202 4,310 4,985 15 32,437
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
282
Liabiliti Kewangan
Deposit daripada pelanggan 32,200,635 2,789,081 1,568,999 590,880 164,023 37,313,618
Deposit daripada simpanan bank
dan institusi kewangan lain 1,315,794 152,164 32,875 31,254 1,532,087
Liabiliti kewangan derivatif 6,919 4,332 93 (43) 2,756 14,057
Tinjauan
Risiko Operasi (OR) ditakrif sebagai risiko kerugian yang timbul daripada ketidakcukupan atau kegagalan proses dalaman, manusia dan sistem serta peristiwa
luar, yang termasuk risiko perundangan dan risiko ketidakpatuhan Syariah tetapi tidak termasuk risiko strategik dan reputasi.
Bank Islam mengiktiraf dan menekankan kepentingan pengurusan risiko operasi (ORM) dan menguruskan risiko ini menerusi persekitaran berasaskan kawalan
di mana kesemua proses didokumentasi, pemberian kebenaran adalah bebas, urusniaga diselaraskan dan dipantau serta kegiatan-kegiatan perniagaan dijalankan
dalam lingkungan dasar-dasar, garis panduan, prosedur dan had OR.
Pendekatan tadbir urus keseluruhan Bank dalam menguruskan OR adalah berdasarkan Pendekatan Tiga Barisan Pertahanan:
(a) Barisan pertahanan pertama pemilik risiko atau unit pengambilan risiko iaitu Unit Perniagaan atau Sokongan bertanggungjawab mewujudkan persekitaran
kawalan yang mantap dalam unit masing-masing. Unit-unit ini bertanggungjawab ke atas pengurusan harian risiko operasi. Bagi menekankan akauntabiliti
dan pemilikan risiko dan kawalan, Penjawat Kawalan Risiko Operasi untuk setiap pemilik risiko dilantik bagi membantu dalam memacu program risiko dan
kawalan Bank.
(b) Barisan pertahanan kedua Jabatan Pengurusan Risiko Operasi (ORMD) bertanggungjawab mewujudkan dan mengekalkan rangka kerja ORM, membangunkan
pelbagai peralatan ORM bagi membantu dalam pengurusan risiko operasi, memantau keberkesanan ORM, menilai isu-isu risiko operasi daripada pemilik risiko
dan membangkitkan isu-isu OR kepada peringkat tadbir urus yang berkaitan berserta cadangan-cadangan untuk strategi pengurangan risiko yang sewajarnya.
Dalam mencipta budaya risiko yang mantap, ORMD juga bertanggungjawab mempromosikan kesedaran risiko di seluruh Bank.
Pengurusan Risiko Syariah (SRM) dan Bahagian Pematuhan menjadi pelengkap kepada peranan ORM sebagai barisan pertahanan kedua. SRM
bertanggungjawab menangani risiko pematuhan Syariah (SCR) dengan mewujudkan & melaksanakan garis panduan SRM yang sewajarnya, membantu
dalam proses mengenalpasti, menilai, mengawal & memantau SCR selain mewujudkan kesedaran SCR.
Bahagian Pematuhan bertanggungjawab memastikan pemantauan berkesan ke atas risiko-ririko berkaitan pematuhan seperti risiko pematuhan kawal selia,
risiko pematuhan serta risiko penyelewengan wang dan pembiayaan aktiviti keganasan menerusi klasifikasi risiko yang sewajarnya selain membangun, menilai
dan menambahbaik program-program latihan berkaitan pematuhan serta menjalankan latihan yang bertujuan mencipta kesedaran.
(c) Barisan pertahanan ketiga Audit Dalaman memberikan jaminan bebas kepada Lembaga Pengarah dan pengurusan kanan mengenai keberkesanan proses
ORM.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
284
Harga pasaran disebut harga dan boleh pantau, apabila tersedia, digunakan sebagai pengukur nilai saksama instrumen kewangan. Apabila harga pasaran disebut harga
dan boleh pantau tidak tersedia, nilai saksama dianggarkan berdasarkan pelbagai kaedah dan andaian berkaitan ciri-ciri risiko instrumen kewangan, kadar diskaun,
anggaran aliran tunai masa hadapan dan faktor-faktor lain. Perubahan dalam andaian ini mungkin boleh menjejaskan anggaran tersebut serta nilai saksamanya.
Maklumat nilai saksama untuk aset-aset dan liabiliti-liabiliti bukan kewangan seperti pelaburan dalam anak syarikat dan cukai adalah dikecualikan, kerana ia tidak
termasuk dalam skop MFRS 7, Instrumen Kewangan: Pendedahan dan Pembentangan yang mengkehendaki maklumat nilai saksama didedahkan.
Bagi deposit dan simpanan di institusi kewangan dengan tempoh matang kurang daripada enam bulan, nilai bawaan adalah anggaran berwajaran bagi nilai saksama.
Bagi deposit dan simpanan dengan tempoh matang enam bulan ke atas, anggaran nilai saksama adalah berdasarkan aliran tunai terdiskaun menggunakan kadar
keuntungan pasaran wang semasa di mana deposit dan simpanan serupa akan dibuat dengan instrumen kewangan yang memiliki risiko kredit dan baki tempoh matang
yang serupa.
Aset kewangan dipegang untuk dagangan, sedia untuk jualan dan dipegang hingga matang
Anggaran nilai saksama secara amnya adalah berdasarkan harga pasaran yang disebut harga dan boleh cerap. Apabila tiada pasaran sedia dalam sekuriti tertentu, nilai
saksama dianggarkan dengan merujuk kepada hasil indikatif pasaran atau sokongan aset nyata bersih penerima pelaburan.
Nilai saksamanya dianggar dengan pendiskaunan anggaran aliran tunai masa hadapan menggunakan kadar pasaran semasa pembiayaan dengan risiko kredit dan
tempoh matang yang serupa. Nilai saksamanya diwakili oleh nilai bawaannya, bersih daripada kerugian kemerosotan, sebagai jumlah boleh diperoleh semula.
Nilai saksama deposit dianggap menyamai nilai bawaannya kerana kadar pulangan ditentukan pada penghujung tempoh pegangannya berdasarkan keuntungan yang
dijana daripada aset yang dilaburkan.
Anggaran nilai saksama bagi deposit dan simpanan bank dan institusi kewangan lain dengan tempoh matang kurang daripada enam bulan menghampiri nilai bawaannya.
Bagi deposit dan simpanan dengan tempoh matang enam bulan atau lebih, nilai saksama dianggar berdasarkan pendiskaunan aliran tunai menggunakan kadar
keuntungan pasaran wang semasa bagi deposit dan simpanan dengan baki tempoh matang yang serupa.
Anggaran nilai saksama bagi bil dan penerimaan belum bayar dengan tempoh matang kurang daripada enam bulan menghampiri nilai bawaannya. Bagi bil dan
penerimaan belum bayar dengan tempoh matang enam bulan atau lebih, nilai saksama dianggar berdasarkan pendiskaunan aliran tunai menggunakan kadar pasaran
semasa untuk pinjaman dengan profil risiko yang serupa.
MFRS 7 menetapkan satu hirarki teknik penilaian berdasarkan samada input teknik penilaian tersebut boleh dipantau atau tidak. Input yang boleh dipantau
menggambarkan data pasaran yang didapati daripada sumber bebas manakala input yang tidak boleh dipantau menggambarkan andaian pasaran Kumpulan. Hirarki
nilai saksama adalah seperti berikut:
Peringkat 1 Harga yang disebut harga (tidak terlaras) di pasaran aktif untuk aset-aset atau liabiliti-liabiliti yang serupa. Peringkat ini merangkumi sekuriti ekuiti dan
instrumen hutang yang disenaraikan.
Peringkat 2 Input selain daripada harga yang disebut harga yang terangkum dalam Peringkat 1 yang mana boleh dipantau bagi aset atau liabiliti, samada secara
langsung (iaitu sebagai harga) atau tidak langsung (iaitu diterbitkan daripada harga). Peringkat ini merangkumi tukaran kadar keuntungan dan hutang berstruktur.
Sumber parameter input adalah termasuk risiko kredit kaunterpart atau hasil indikatif Bank Negara Malaysia (BNM).
Peringkat 3 Input bagi aset atau liabiliti yang bukan berasaskan data pasaran yang boleh dipantau (input tidak boleh dipantau). Peringkat ini merangkumi instrumen
ekuiti dan instrumen hutang dengan komponen tidak boleh dipantau yang penting.
Jadual di bawah menganalisa instrumen kewangan yang dibawa pada nilai saksama dan yang tidak dibawa pada nilai saksama yang mana nilai saksama didedahkan,
bersama nilai saksamanya dan nilai bawaan seperti yang ditunjukkan dalam penyata kedudukan kewangan. Jadual ini tidak termasuk aset kewangan dan liabiliti
kewangan jangka pendek/atas permintaan di mana nilai bawaannya adalah anggaran munasabah nilai saksamanya.
NILAI
SAKSAMA
INSTRUMEN
KEWANGAN
YANG TIDAK
DIBAWA
KUMPULAN NILAI SAKSAMA INSTRUMEN KEWANGAN PADA NILAI JUMLAH
31 DISEMBER 2014 YANG DIBAWA PADA NILAI SAKSAMA SAKSAMA NILAI NILAI
RM000 PERINGKAT 1 PERINGKAT 2 PERINGKAT 3 JUMLAH PERINGKAT 3 SAKSAMA BAWAAN
Aset kewangan
Aset kewangan yang dipegang untuk dagangan 921,629 921,629 921,629 921,629
Aset kewangan derivatif 62,541 62,541 62,541 62,541
Aset kewangan sedia untuk jualan 10,199,977 4,620 10,204,597 32,066 10,236,663 10,236,663
Aset kewangan yang dipegang hingga matang 60,752 60,752 60,752
Pembiayaan, pendahuluan dan lain-lain 29,527,807 29,527,807 29,524,571
Liabiliti kewangan
Liabiliti kewangan derivatif 32,407 32,407 32,407 32,407
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
286
NILAI
SAKSAMA
INSTRUMEN
KEWANGAN
YANG TIDAK
DIBAWA
KUMPULAN NILAI SAKSAMA INSTRUMEN KEWANGAN PADA NILAI JUMLAH
31 DISEMBER 2013 YANG DIBAWA PADA NILAI SAKSAMA SAKSAMA NILAI NILAI
RM000 PERINGKAT 1 PERINGKAT 2 PERINGKAT 3 JUMLAH PERINGKAT 3 SAKSAMA BAWAAN
Aset kewangan
Aset kewangan dipegang untuk dagangan 1,216,895 1,216,895 1,216,895 1,216,895
Aset kewangan derivatif 29,118 29,118 29,118 29,118
Aset kewangan sedia untuk jualan 12,379,831 4,620 12,384,451 32,470 12,416,921 12,416,921
Aset kewangan dipegang hingga matang 85,318 85,318 63,327
Pembiayaan, pendahuluan dan lain-lain 24,040,733 24,040,733 23,740,948
Liabiliti kewangan
Liabiliti kewangan derivatif 13,565 13,565 13,565 13,565
NILAI
SAKSAMA
INSTRUMEN
KEWANGAN
YANG TIDAK
DIBAWA
BANK NILAI SAKSAMA INSTRUMEN KEWANGAN PADA NILAI JUMLAH
31 DISEMBER 2014 YANG DIBAWA PADA NILAI SAKSAMA SAKSAMA NILAI NILAI
RM000 PERINGKAT 1 PERINGKAT 2 PERINGKAT 3 JUMLAH PERINGKAT 3 SAKSAMA BAWAAN
Aset kewangan
Aset kewangan dipegang untuk dagangan 916,539 916,539 916,539 916,539
Aset kewangan derivatif 62,541 62,541 62,541 62,541
Aset kewangan sedia untuk jualan 10,200,434 4,620 10,205,054 32,066 10,237,120 10,237,120
Aset kewangan dipegang hingga matang 60,752 60,752 60,752
Pembiayaan, pendahuluan dan lain-lain 29,527,807 29,527,807 29,524,571
Liabiliti kewangan
Liabiliti kewangan derivatif 32,407 32,407 32,407 32,407
NILAI
SAKSAMA
INSTRUMEN
KEWANGAN
YANG TIDAK
DIBAWA
BANK NILAI SAKSAMA INSTRUMEN KEWANGAN PADA NILAI JUMLAH
31 DISEMBER 2013 YANG DIBAWA PADA NILAI SAKSAMA SAKSAMA NILAI NILAI
RM000 PERINGKAT 1 PERINGKAT 2 PERINGKAT 3 JUMLAH PERINGKAT 3 SAKSAMA BAWAAN
Aset kewangan
Aset kewangan dipegang untuk dagangan 1,216,895 1,216,895 1,216,895 1,216,895
Aset kewangan derivatif 29,118 29,118 29,118 29,118
Aset kewangan sedia untuk jualan 12,379,831 4,620 12,384,451 34,481 12,418,932 12,418,932
Aset kewangan dipegang hingga matang 85,318 85,318 63,327
Pembiayaan, pendahuluan dan lain-lain 24,040,733 24,040,733 23,740,948
Liabiliti kewangan
Liabiliti kewangan derivatif 13,565 13,565 13,565 13,565
Jadual berikut menunjukkan perubahan dalam instrumen Peringkat 3 bagi tahun kewangan berakhir 31 Disember 2014 bagi Kumpulan dan Bank:
2014 2013
RM000 RM000
Input tidak boleh dipantau yang digunakan dalam pengukuran nilai saksama
Jadual berikut menunjukkan teknik penilaian yang digunakan dalam penentuan nilai saksama dalam Peringkat 3, dan juga input tidak boleh dipantau yang utama yang
digunakan dalam model penilaian tersebut.
Aset kewangan sedia untuk jualan Dinilai pada kos ditolak Tidak berkenaan Tidak berkenaan
kemerosotan
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
288
Kaedah dan andaian berikut digunakan untuk menganggarkan nilai saksama bagi kelas instrumen kewangan berikut:
Nilai saksama sekuriti yang aktif diniagakan ditentukan oleh harga bidaan sebutan. Bagi sekuriti yang tidak aktif, nilai saksamanya dinilai pada kos ditolak
kemerosotan atau dianggar menggunakan analisis aliran tunai terdiskaun. Jika teknik aliran tunai terdiskaun digunakan, anggaran aliran tunai masa hadapan
didiskaunkan menggunakan kadar pasaran semasa atau kadar indikatif yang terpakai bagi instrumen yang serupa pada tarikh laporan.
Nilai saksama bagi pembiayaan dengan kadar boleh ubah dianggarkan menyamai nilai bawaannya. Bagi pembiayaan kadar tetap, nilai saksamanya dianggarkan
berdasarkan jangkaan aliran tunai masa hadapan bagi bayaran ansuran yang dipersetujui, didiskaunkan pada kadar yang terpakai dan kadar semasa pada
tarikh laporan yang ditawarkan untuk kemudahan serupa kepada peminjam baharu yang sama profil kreditnya. Bagi pembiayaan merosot, nilai saksama
dianggap menyamai nilai bawaan yang bersih daripada peruntukan kemerosotan.
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Terangkum di atas adalah sewa pajakan dengan syarikat pegangan utama berjumlah RM423,588,000 (2013: RM443,181,000).
68,078 79,343
31 Disember 2014
NILAI
SAKSAMA
POSITIF BAGI JUMLAH ASET
JUMLAH KONTRAK SETARA BERWAJARAN
POKOK DERIVATIF KREDIT RISIKO
CIRI-CIRI ITEM RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
290
31 Disember 2013
NILAI
SAKSAMA
POSITIF BAGI JUMLAH ASET
JUMLAH KONTRAK SETARA BERWAJARAN
POKOK DERIVATIF KREDIT RISIKO
CIRI-CIRI ITEM RM000 RM000 RM000 RM000
Nisbah kecukupan modal bagi Kumpulan dan Bank adalah seperti yang berikut:
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
Nisbah modal Ekuiti Biasa Peringkat I (CET I) 12.240% 12.964% 12.201% 12.876%
Jumlah Nisbah Modal 13.355% 14.056% 13.316% 13.969%
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
^ Peruntukan taksiran kolektif ke atas pembiayaan tidak merosot tertakluk kepada had maksimum sebanyak 1.25% daripada jumlah kredit aset berwajaran risiko.
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
292
Bagi tujuan penyata kewangan ini, sesuatu pihak dianggap berkaitan dengan Kumpulan sekiranya Kumpulan mempunyai kemampuan, samada secara langsung atau
tidak langsung, untuk mengawal pihak tersebut atau mempengaruhinya dalam membuat keputusan berkaitan kewangan dan operasi, atau sebaliknya, atau apabila
Kumpulan dan pihak tersebut tertakluk kepada kawalan lazim atau pengaruh penting lazim. Pihak berkaitan mungkin adalah individu atau entiti lain.
Kumpulan mempunyai hubungan pihak berkaitan dengan anak-anak syarikatnya (lihat Nota 13) dan pemegang saham penting dalam syarikat pegangan.
(a) Urusniaga penting pihak berkaitan bagi Kumpulan dan Bank, selain daripada pampasan kakitangan pengurusan utama, adalah seperti berikut:
JUMLAH JUMLAH
URUSNIAGA URUSNIAGA
KUMPULAN BAGI BANK BAGI
2014 2013 2014 2013
RM000 RM000 RM000 RM000
Syarikat pegangan
Pendapatan patut dibayar daripada simpanan deposit 3,220 3,056 3,220 3,056
Sewa pejabat patut diterima 929 845 929 845
Lain-lain 20 17 20 17
Anak-anak syarikat
Yuran dan komisen patut diterima 7,798 7,383
Yuran dan komisen patut dibayar 1,853 1,181
Dividen 800 6,400
Pendapatan patut dibayar daripada simpanan deposit 512 838
Sewa pejabat diterima 325
Kos kewangan 11
Lain-lain 1,064 556
(a) Urusniaga penting pihak berkaitan bagi Kumpulan dan Bank, selain daripada pampasan kakitangan pengurusan utama, adalah seperti berikut (sambungan):
JUMLAH JUMLAH
URUSNIAGA URUSNIAGA
KUMPULAN BAGI BANK BAGI
2014 2013 2014 2013
RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
294
(b) Baki penting belum dijelaskan bagi Kumpulan dan Bank dengan pihak berkaitan adalah seperti berikut:
Syarikat pegangan
Anak-anak syarikat
(b) Baki penting belum dijelaskan bagi Kumpulan dan Bank dengan pihak berkaitan adalah seperti berikut (sambungan):
% pendedahan kredit belum dijelaskan dengan pihak berkaitan sebagai sebahagian daripada jumlah keseluruhan pendedahan kredit 5.39% 4.99%
% pendedahan kredit belum dijelaskan dengan pihak berkaitan yang belum dibayar atau dimungkiri 0.002% 0.001%
Pendedahan mengenai Urusniaga dan Pendedahan Kredit dengan Pihak Berkaitan di atas dibentangkan menurut Perenggan 9.1 Garis Panduan Urusniaga dan
Pendedahan Kredit dengan Pihak Berkaitan Bank Negara Malaysia yang telah Disemak.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
296
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
TINJAUAN
Pendedahan Tunggak 3 bagi tahun kewangan berakhir 31 Disember 2014 untuk Bank Islam (Bank) dan anak-anak syarikatnya (Kumpulan) adalah mematuhi Kehendak
Pendedahan (Tunggak 3) Rangka Kerja Kecukupan Modal untuk Bank-bank Islam (CAFIB) Bank Negara Malaysia (BNM), yang menetapkan piawaian pendedahan
minimum, pendekatan bagi menentukan kewajaran maklumat yang didedahkan dan kawalan dalaman bagi proses pendedahan yang merangkumi pengesahan dan penilaian
ketepatan maklumat yang didedahkan.
(a) Tunggak 1 menetapkan modal kawal selia minimum yang meliputi risiko kredit, pasaran dan operasi;
(b) Tunggak 2 bertujuan memastikan bahawa institusi-institusi perbankan Islam memiliki modal yang mencukupi bagi menyokong operasi mereka pada setiap masa;
(c) Tunggak 3 bertujuan mempertingkatkan ketelusan dengan menetapkan kehendak-kehendak minimum bagi pendedahan maklumat pasaran berkaitan amalan pengurusan
dan kecukupan modal bank-bank Islam.
Kumpulan telah menggunapakai Pendekatan Seragam bagi menentukan keperluan modal bagi risiko kredit dan pasaran, selain menggunapakai Pendekatan Penunjuk Asas
untuk risiko operasi Tunggak 1 sejak Januari 2008. Di bawah Pendekatan Seragam, risiko berwajaran lazim digunakan bagi menilai keperluan modal untuk pendedahan risiko
kredit dan pasaran manakala modal yang diperlukan untuk risiko operasi di bawah Pendekatan Penunjuk Asas dihitung berdasarkan peratusan tetap purata pendapatan kasar
Kumpulan untuk tempoh sukuan tahun yang telah ditetapkan.
Bagi mematuhi Garis Panduan Tunggak 3, laporan Tunggak 3 bagi Kumpulan disediakan secara tetap untuk dua tempoh: 30 Jun dan 31 Disember. Laporan Tunggak 3
Kumpulan akan disediakan di bawah bahagian Maklumat Korporat dalam laman web Bank di www.bankislam.com.my, yang disertakan bersama dengan laporan kewangan
tahunan dan setengah tahun selepas nota kepada penyata kewangan.
Kumpulan juga telah membangunkan satu rangka kerja Proses Penilaian Kecukupan Modal Dalaman (ICAAP) yang merangkumkan proses-proses penilaian risiko dan modal,
dan memastikan bahawa tahap modal yang mencukupi dikekalkan bagi menyokong permintaan modal semasa dan masa hadapan Kumpulan di bawah situasi jangkaan dan
tertekan. ICAAP telah digunapakai pada 2012 dan dilaksanakan sepenuhnya pada 2013.
Kegiatan utama Kumpulan ialah dalam perniagaan perbankan Islam yang tertumpu kepada perbankan runcit dan operasi pembiayaan. Jadual berikut menunjukkan keperluan
minimum modal kawal selia bagi menyokong aset berwajaran risiko Kumpulan dan Bank.
31.12.2014 31.12.2013
KEPERLUAN KEPERLUAN
ASET MINIMUM ASET MINIMUM
BERWAJARAN MODAL BERWAJARAN MODAL
RISIKO PADA 8% RISIKO PADA 8%
KUMPULAN RM000 RM000 RM000 RM000
TINJAUAN (sambungan)
31.12.2014 31.12.2013
KEPERLUAN KEPERLUAN
ASET MINIMUM ASET MINIMUM
BERWAJARAN MODAL BERWAJARAN MODAL
RISIKO PADA 8% RISIKO PADA 8%
BANK RM000 RM000 RM000 RM000
Kumpulan tidak memiliki sebarang keperluan modal untuk Risiko Besar Pendedahan kerana tiada jumlah lebihan ambang terendah yang timbul daripada pegangan ekuiti
seperti yang dinyatakan dalam CAFIB BNM.
Tiada sekatan atau halangan ketara ke atas pemindahan dana atau modal kawal selia di dalam Kumpulan. Tidak terdapat kekurangan modal dalam mana-mana anak
syarikat Kumpulan setakat akhir tahun kewangan.
2. KECUKUPAN MODAL
Pengurusan Modal
Memandangkan modal, pendedahan lembaran imbangan dan pendapatan anak-anak syarikat adalah tidak mustahak, Pengurusan Modal hanya dijalankan pada
peringkat Bank sahaja.
Matlamat utama Bank ketika menguruskan modal adalah untuk mengekalkan kedudukan modal yang kukuh bagi menyokong pertumbuhan perniagaan, serta mengekalkan
keyakinan para pelabur, pendeposit, pelanggan dan pasaran. Sejajar dengan ini, Bank menguruskan modalnya secara aktif dan memastikan bahawa nisbah kecukupan
modal yang mengambilkira profil risiko Bank berada selesa di atas paras minimum kawal selia.
Bagi memastikan Bank mempunyai modal yang mencukupi untuk menyokong semua kegiatan perniagaan dan pengambilan risikonya, Bank telah melaksanakan proses
pengurusan modal yang mantap dalam sistem dan proses pengurusannya. Satu rangka kerja pengurusan modal yang komprehensif telah digunapakai oleh Bank sebagai
pemboleh penting kepada penciptaan nilai yang mana adalah mustahak untuk keberlangsungan jangka panjang Bank. Pengurusan modal komprehensif ini merangkumi
penilaian risiko yang menyeluruh serta teknik pengurusan risiko yang termaktub sebagai sebahagian daripada tadbir urus risiko dalam Bank.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
298
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Penilaian adalah berdasarkan pelan perniagaan yang telah diluluskan, anggaran risiko semasa yang wujud dalam Bank, serta impak ujian tekanan modal ke atas pelan
modal Bank. Bank berhasrat mencapai objektif pengurusan modal yang berikut:
Mengekalkan gabungan optimum sumber-sumber modal yang pelbagai pada tahap yang mencukupi bagi menangani risiko-risiko dasar perniagaan;
Memastikan modal yang mencukupi sebagai persediaan menghadapi kejutan dan tekanan;
Memastikan modal yang mencukupi untuk pengembangan perniagaan dan pertumbuhan bukan organik; dan
Memperuntukkan sejumlah modal yang sesuai untuk unit-unit perniagaan bagi mengoptimakan pulangan modal.
Pengurusan modal Bank dipandu oleh Pelan Pengurusan Modal, yang diluluskan oleh Lembaga Pengarah, bagi memastikan pengurusan modal yang konsisten dan
selaras dengan Penyata Kehendak Risiko dan Proses Penilaian Kecukupan Modal Dalaman Bank.
Penstrukturan Modal memastikan bahawa jumlah modal kawal selia dan berkanun yang ada adalah selaras dengan rancangan pertumbuhan Bank, kehendak
risiko dan tahap kecukupan modal yang diingini. Penstrukturan modal memberikan tumpuan kepada pemilihan campuran instrumen modal yang sesuai, paling kos
efektif;
Peruntukan Modal memastikan bahawa modal digunakan dengan efisien di seluruh Bank berdasarkan pulangan modal terlaras risiko;
Pengoptimuman Modal mencari tahap modal optimum dengan memudahkan pengoptimuman profil risiko lembaran imbangan. Ia akan dilakukan melalui:
Oleh itu, empat komponen asas dalam proses perancangan modal yang berwibawa adalah merangkumi:
Pelan Pengurusan Modal Bank dikemas kini setiap tahun dan diluluskan oleh Lembaga Pengarah untuk dilaksanakan pada permulaan setiap tahun kewangan.
Pelan modal disediakan untuk dilaksanakan sekurang-kurangnya bagi tempoh tiga tahun dan mengambil kira, antara lain, objektif strategik dan pelan perniagaan Bank,
keperluan modal kawal selia, penanda aras modal terhadap industri, bekalan modal yang ada dan pilihan peningkatan modal, prestasi sektor perniagaan berdasarkan
pendekatan Pulangan Modal Terlaras Risiko (RAROC) serta ICAAP dan hasil ujian tekanan.
Kumpulan telah melaksanakan proses penilaian dalaman ke atas modal seperti yang ditetapkan di dalam CAFIB BNM ICAAP (Tunggak 2) untuk melengkapkan
amalan pengurusan modal semasanya. Rangka Kerja ICAAP telah diputuskan dan diluluskan oleh Lembaga Pengarah pada Mei 2013. ICAAP Kumpulan membantu
menyarankan keperluan minimum modal dalaman untuk strategi-strategi perniagaan dan pelan-pelan kewangan Kumpulan semasa dan masa hadapan untuk 3 tahun
akan datang menerusi satu proses penilaian risiko yang menyeluruh ke atas pendedahan risiko portfolionya, amalan-amalan pengurusan risikonya terhadap risiko-risiko
penting dan penampan perancangan modal berpotensi yang diperlukan sekiranya berlaku tekanan.
ICAAP Kumpulan dilaksanakan atas dasar gabungan merangkumi semua entiti sah Bank Islam seperti yang dicadangkan oleh garis panduan ICAAP BNM.
Risiko di bawah Tunggak 1 (iaitu Risiko Kredit, Risiko Pasaran, dan Risiko Operasi);
Risiko yang bukan sepenuhnya di bawah Tunggak 1 (contohnya Risiko Perpindahan dan Baki);
Risiko yang tidak terangkum di bawah Tunggak 1 (contohnya Risiko Tumpuan Kredit, Risiko Kadar Keuntungan dalam Buku Perbankan, Risiko Pematuhan Syariah,
Risiko IT, Risiko Perniagaan dan Strategi, dan Risiko Reputasi).
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
300
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Ujian tekanan berkala dilaksanakan bagi menilai kebolehan Kumpulan mengekalkan modal yang mencukupi di bawah kitaran perniagaan lazim dan keadaan ekonomi
yang tidak memberangsangkan. Ujian tekanan ini termaktub di dalam proses pengurusan risiko dan modal Kumpulan, dan merupakan fungsi utama dalam proses
perancangan modal dan perancangan perniagaan.
Bagi mengenalpasti kemungkinan berlakunya peristiwa atau perubahan dalam keadaan kewangan dan ekonomi negara di masa hadapan yang berpotensi memberi
kesan negatif ke atas pendedahan Kumpulan;
Bagi mengenalpasti tindakbalas pelbagai portfolio terhadap perubahan di dalam pembolehubah ekonomi utama (kadar keuntungan, kadar tukaran asing, KDNK dan
sebagainya);
Bagi menilai kebolehan Kumpulan menghadapi perubahan-perubahan tersebut yakni kapasitinya dari segi modal dan perolehan, bagi menyerap kerugian besar yang
mungkin berlaku;
Bagi memahami profil risiko Kumpulan dengan lebih baik, menilai risiko perniagaan dan seterusnya mengambil langkah-langkah tindakan sewajarnya; dan
Bagi mengkaji kebolehan Kumpulan dalam memenuhi kehendak minimum modal kawal selia pada setiap masa ketika berlakunya krisis ekonomi yang teruk.
Kumpulan dikehendaki mematuhi nisbah modal Ekuiti Biasa Peringkat 1 dan nisbah modal keseluruhan yang ditetapkan oleh BNM. Kumpulan telah mematuhi kesemua
nisbah modal yang ditetapkan sepanjang tempoh tersebut.
Nisbah kecukupan modal Kumpulan kekal kukuh. Jadual di bawah menunjukkan komposisi modal kawal selia dan nisbah kecukupan modal setakat 31 Disember 2014
seperti yang ditetapkan oleh peruntukan CAFIB.
Nisbah Modal Berwajaran Risiko (RWCR) bagi Kumpulan dan Bank adalah seperti yang berikut:
KUMPULAN BANK
31.12.2014 31.12.2013 31.12.2014 31.12.2013
RM000 RM000 RM000 RM000
Nisbah Modal Ekuiti Biasa Peringkat 1 (CET 1) 12.24% 12.96% 12.20% 12.88%
Nisbah Modal Peringkat 1 12.24% 12.96% 12.20% 12.88%
Nisbah Modal Berwajaran Risiko 13.36% 14.06% 13.32% 13.97%
(b) CET 1, Komponen modal Peringkat I dan Peringkat II bagi Kumpulan dan Bank:
31.12.2014
KUMPULAN BANK
RM000 RM000
Modal Peringkat I
Modal saham berbayar 2,319,907 2,319,907
Premium saham 90,981 90,981
Perolehan tertahan 388,923 390,019
Rizab-rizab lain 929,779 929,721
Ditolak: Aset cukai tertunda (31,220) (31,220)
Ditolak: Pelaburan dalam anak syarikat (15,525)
Ditolak: Pelaburan dalam syarikat sekutu
^ Peruntukan taksiran kolektif ke atas pembiayaan tidak merosot tertakluk kepada had maksimum sebanyak 1.25% daripada jumlah kredit aset berwajaran
risiko.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
302
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(b) CET 1, Komponen modal Peringkat I dan Peringkat II bagi Kumpulan dan Bank (sambungan):
31.12.2013
KUMPULAN BANK
RM000 RM000
Modal Peringkat I
Modal saham berbayar 2,298,165 2,298,165
Premium Saham 52,281 52,281
Perolehan tertahan 253,822 256,389
Rizab-rizab lain 722,567 722,539
Ditolak: Aset cukai tertunda (24,613) (24,613)
Ditolak: Pelaburan dalam anak-anak syarikat (28,027)
Ditolak: Pelaburan dalam syarikat sekutu
^ Peruntukan taksiran kolektif ke atas pembiayaan tidak merosot tertakluk kepada had maksimum sebanyak 1.25% daripada jumlah kredit aset berwajaran
risiko.
KEDUDUKAN KEDUDUKAN
JANGKA JANGKA
PANJANG PENDEK
Risiko Pasaran
Risiko Kadar Tanda Aras 994,991 (4,532,410) (3,537,419) 153,889 12,311
Risiko Tukaran Asing 25,896 (386,305) (360,409) 386,305 30,904
Risiko Inventori 2,716 2,716 217
Jumlah Risiko Pasaran 1,020,887 (4,918,715) (3,895,112) 542,910 43,432
Risiko Operasi 2,724,074 217,926
Jumlah RWA dan Keperluan Modal 30,214,978 2,417,197
Nota: Setakat 31 Disember 2014, Kumpulan tidak memiliki sebarang risiko kredit aset berwajaran yang ditanggung oleh Akaun Pelaburan Perkongsian
Keuntungan (PSIA), atau pendedahan di bawah sekuriti.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
304
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
KEDUDUKAN KEDUDUKAN
JANGKA JANGKA
PANJANG PENDEK
Risiko Pasaran
Risiko Kadar Tanda Aras 773,841 (913,005) (139,164) 355,225 28,418
Risiko Tukaran Asing 26,300 (403,396) (377,096) 403,396 32,272
Risiko Inventori 3,156 3,156 252
Jumlah Risiko Pasaran 800,141 (1,316,401) (513,104) 761,777 60,942
Risiko Operasi 2,457,803 196,624
Jumlah RWA dan Keperluan Modal 25,472,013 2,037,761
Nota: Setakat 31 Disember 2013, Kumpulan tidak memiliki sebarang risiko kredit aset berwajaran yang ditanggung oleh PSIA, atau pendedahan di bawah
sekuriti.
KEDUDUKAN KEDUDUKAN
JANGKA JANGKA
PANJANG PENDEK
Risiko Pasaran
Risiko Kadar Tanda Aras 994,991 (4,532,410) (3,537,419) 153,889 12,311
Risiko Tukaran Asing 25,896 (386,305) (360,409) 386,305 30,904
Risiko Inventori 2,716 2,716 217
Jumlah Risiko Pasaran 1,020,887 (4,918,715) (3,895,112) 542,910 43,432
Risiko Operasi 2,705,152 216,412
Jumlah RWA dan Keperluan Modal 30,193,576 2,415,485
Nota: Setakat 31 Disember 2014, Bank tidak memiliki sebarang risiko kredit aset berwajaran yang ditanggung oleh PSIA, atau pendedahan di bawah
sekuriti.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
306
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
KEDUDUKAN KEDUDUKAN
JANGKA JANGKA
PANJANG PENDEK
Risiko Pasaran
Risiko Kadar Tanda Aras 773,841 (913,005) (139,164) 355,225 28,418
Risiko Tukaran Asing 26,300 (403,396) (377,096) 403,396 32,272
Risiko Inventori 3,156 3,156 252
Jumlah Risiko Pasaran 800,141 (1,316,401) (513,104) 761,777 60,942
Risiko Operasi 2,437,809 195,025
Jumlah RWA dan Keperluan Modal 25,448,752 2,035,900
Nota: Setakat 31 Disember 2013, Bank tidak memiliki sebarang risiko kredit aset berwajaran yang ditanggung oleh PSIA, atau pendedahan di bawah
sekuriti.
3. PENGURUSAN RISIKO
Matlamat Kumpulan berhubung pengurusan risiko adalah untuk meningkatkan kebolehan, budaya dan amalan pengurusan risikonya agar sejajar dengan piawaian dan
amalan antarabangsa.
Mewujudkan pendekatan dan kaedah berpiawai dalam menguruskan risiko kredit, pasaran, kecairan, operasi dan perniagaan di seluruh Kumpulan;
Melaksanakan dan mempertingkatkan lagi sistem maklumat pengurusan risiko yang memenuhi piawaian antarabangsa dari segi kerahsiaan, kewibawaan dan
ketersediaan;
Membangunkan dan menggunakan peralatan seperti modal ekonomi, nilai berisiko, model skor dan ujian tekanan bagi membantu dalam pengukuran risiko dan
memperbaiki keputusan berkaitan risiko;
Memastikan bahawa dasar-dasar risiko dan kehendak risiko keseluruhan adalah sejajar dengan sasaran perniagaan;
Memastikan bahawa modal Kumpulan dapat menyokong keperluan perniagaan semasa dan yang dalam perancangan dari segi pendedahan risiko.
Kumpulan telah menyelaraskan semula tanggungjawab risiko organisasinya dengan matlamat mewujudkan pendapat lazim di seluruh Kumpulan. Sebagai amalan
perniagaan yang baik dan berhemah, fungsi pengurusan risiko teras Kumpulan, yang memberi laporan kepada Jawatankuasa Risiko Lembaga Pengarah (BRC), adalah
bebas dan terasing daripada bahagian-bahagian perniagaan dan berpusat di ibu pejabat.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
308
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Majlis
LEMBAGA PENGARAH
Lembaga
Pengawasan
JAWATANKUASA
Pengarah
Syariah
Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa
Jawatankuasa Semakan
Pencalonan & Risiko Lembaga Audit &
Imbuhan Pembiayaan
Penilaian Pengarah Pemeriksaan
Lembaga Pengarah
Pengarah
Urusan
JAWATANKUASA PENGURUSAN
Jawatankuasa
Pengurusan
Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa
Jawatankuasa Jawatankuasa Jawatankuasa Pembiayaan
Pengurusan Aset Kawalan Risiko Audit
Zakat Pemandu IT Tender (UIC, FCA,
dan Liabiliti Pengurusan Pengurusan
FCB, RFC)
Jawatankuasa
Jawatankuasa
Pengurusan
Kawalan Risiko
Kesinambungan
Operasi
Perniagaan
Mengiktiraf bahawa ia harus menguruskan risiko agar dapat menjalankan perniagaan dengan berkesan;
Mencapai tahap optimum risiko-pulangan agar dapat memaksimakan nilai pihak berkepentingan; dan
Memastikan proses pengurusan risiko yang berkesan dan bersepadu yang sejajar dengan saiz dan tahap kesukaran operasi semasa dan masa hadapan Bank dalam
lingkungan kehendak risiko dan toleransinya.
Kumpulan telah mewujudkan Rangka Kerja Kehendak Risiko yang merupakan bahagian penting dalam strategi dan pelan perniagaan Kumpulan. Kehendak risiko
merujuk kepada tahap maksimum risiko yang sedia diterima oleh Kumpulan bagi menyokong strategi yang telah dirancang, dan yang memberi impak ke atas semua
perniagaan dari sudut pandang risiko kredit, pasaran dan operasi.
4. RISIKO KREDIT
Risiko kredit timbul daripada semua urusniaga yang boleh mengakibatkan tuntutan sebenar, luar jangka atau berpotensi ke atas mana-mana pihak, peminjam atau
penanggung. Antara risiko kredit yang dianggap penting oleh Bank termasuk: Risiko Mungkir, Risiko Pelangsaian, Risiko Tumpuan Kredit, Risiko Baki/Mitigasi Kredit
dan Risiko Migrasi.
Pengurusan risiko kredit dilaksanakan menggunakan dasar-dasar dan garis-garis panduan yang diluluskan oleh Jawatankuasa Risiko Lembaga Pengarah (BRC),
dengan panduan Penyata Kehendak Risiko yang telah diluluskan oleh Lembaga Pengarah.
Jawatankuasa Kawalan Risiko Pengurusan (MRCC) bertanggungjawab menguruskan risiko kredit pada tahap strategik di bawah kuasa yang diagihkan oleh BRC.
MRCC menilai rangka kerja dan garis panduan risiko kredit Bank, menyelaraskan pengurusan risiko kredit dengan strategi dan rancangan perniagaan, menyemak profil
kredit dan mencadangkan tindakan yang sewajarnya bagi memastikan risiko kredit kekal dalam tahap toleransi yang boleh diterima.
Pengurusan risiko kredit Kumpulan merangkumi pembuatan dasar-dasar, garis panduan dan prosedur risiko kredit yang menyeluruh yang melibatkan piawaian
pembiayaan, kuasa mutlak meluluskan pembiayaan, kaedah dan model penarafan risiko kredit, cagaran dan penilaian yang boleh diterima, serta penilaian, pemulihan
dan penstrukturan semula pembiayaan yang bermasalah dan ingkar.
Pengurusan risiko kredit dilaksanakan oleh dua jabatan berbeza dalam Jabatan Pengurusan Risiko (RMD) iaitu Analisis Kredit dan Pengurusan Risiko Kredit, serta dua
jabatan di luar bidang kuasa RMD iaitu Pentadbiran Kredit dan Pemulihan Kredit. Matlamat gabungannya antara lain ialah:
Untuk membina portfolio kredit berkualiti tinggi sejajar dengan strategi keseluruhan Kumpulan dan kehendak risikonya;
Untuk memastikan Bank mendapat pampasan berikutan risiko yang diambil, menseimbangkan/mengoptimakan hubungan risiko/pulangan;
Untuk membina kebolehan mengenalpasti, mengukur dan mengelakkan atau mengurangkan potensi risiko kredit;
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
310
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Kumpulan memantau pendedahan kreditnya samada berdasarkan portfolio atau individu menerusi semakan tahunan. Risiko kredit dipantau secara proaktif menerusi
satu set tanda amaran awal yang boleh mencetuskan semakan segera ke atas portfolio terbabit (atau sebahagian daripadanya). Portfolio atau pembiayaan yang terjejas
diletakkan dalam senarai pantauan untuk pemerhatian rapi bagi mengelakkan pembiayaan tersebut menjadi pembiayaan merosot dan bagi meningkatkan peluang
pembayaran semula sepenuhnya.
Satu struktur had menyeluruh disediakan bagi memastikan risiko yang diambil adalah di dalam lingkungan keinginan risiko seperti yang ditetapkan oleh Lembaga
Pengarah dan bagi mengelakkan penularan risiko kredit kepada pelanggan, sektor, produk, kontrak Syariah dan sebagainya.
Risiko kredit yang timbul daripada aktiviti urus janji dan pelaburan diuruskan menerusi penetapan had yang merangkumi had rakan syarikat dan pengambilalihan
instrument entiti swasta yang dibenarkan, tertakluk kepada ambang penarafan minimum yang khusus. Selain itu, aktiviti urus janji dan pelaburan dipantau oleh unit
pejabat tengah bebas.
Bank menggunapakai Pendekatan Berpiawai bagi menentukan kehendak modal risiko kredit di bawah Rangka Kerja Kecukupan Modal untuk Bank-bank Islam (CAFIB)
oleh BNM.
Jadual di bawah menunjukkan pembiayaan dan pendahuluan kasar bagi Kumpulan dan Bank yang dianalisis mengikut kualiti kredit:
30,111,712 24,242,520
Pembiayaan merosot kasar sebagai peratusan pembiayaan dan pendahuluan kasar 1.14% 1.18%
Ini adalah pembiayaan yang mana peminjam tidak pernah mengingkari pembayaran yang dipersetujui secara kontrak (keuntungan atau jumlah pokok)
apabila sampai tempoh dan adalah tidak merosot kerana tiada bukti objektif berlakunya kemerosotan dalam pembiayaan tersebut. Dalam ertikata lain,
pembiayaan ini adalah berbayar.
Kualiti kredit bagi pembiayaan dan pendahuluan kasar yang bukan lampau tempoh atau merosot adalah seperti berikut:
29,346,053 23,527,458
Cemerlang hingga baik: Kedudukan kewangan yang kukuh tanpa kesukaran memenuhi obligasinya.
Memuaskan: Keselamatan yang mencukupi dalam memenuhi obligasinya tetapi memerlukan masa yang lebih untuk memenuhi obligasi tersebut
sepenuhnya.
Sederhana: Berisiko tinggi dalam obligasi pembayaran. Prestasi kewangan berkemungkinan terus merosot.
Pembiayaan ini adalah di mana keuntungan kontrak atau bayaran jumlah pokoknya telah lampau tempoh, tetapi Kumpulan dan Bank yakin bahawa
kemerosotan adalah tidak wajar berdasarkan tahap cagaran yang ada dan/atau peringkat jumlah kutipan yang patut dibayar kepada Kumpulan dan Bank.
Analisis pembiayaan dan pendahuluan lampau tempoh tetapi bukan merosot menurut analisis usia:
Menurut usia
Bulan-dalam-tunggakan 1 274,624 294,267
Bulan-dalam-tunggakan 2 146,496 135,493
421,120 429,760
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
312
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Analisis pembiayaan dan pendahuluan lampau tempoh tetapi bukan merosot menurut sektor:
421,120 429,760
Pembiayaan diklasifikasi sebagai merosot apabila jumlah pokok atau keuntungan atau kedua-duanya telah melangkau tempoh selama tiga bulan atau lebih,
atau apabila sesuatu pembiayaan telah tertunggak untuk kurang daripada tiga bulan, tetapi pembiayaan tersebut menunjukkan tanda-tanda kelemahan
kredit yang ketara.
Pembiayaan atau kumpulan pembiayaan dianggap merosot sekiranya, dan hanya sekiranya, terdapat bukti objektif wujudnya kemerosotan berikutan satu
atau lebih peristiwa yang berlaku selepas pengiktirafan awal pembiayaan (peristiwa kerugian) dan bahawa peristiwa kerugian tersebut mempunyai kesan
ke atas anggaran aliran tunai masa hadapan pembiayaan atau kumpulan pembiayaan terbabit yang boleh dianggar dengan tepat.
Kumpulan dan Bank menaksir secara individu samada bukti objektif kemerosotan wujud secara individu bagi pembiayaan yang penting secara individu,
dan secara kolektif bagi pembiayaan yang tidak penting secara individu. Sekiranya didapati tiada bukti objektif wujudnya kemerosotan bagi pembiayaan
yang ditaksir secara individu, pembiayaan tersebut dirangkumkan ke dalam kumpulan pembiayaan yang mempunyai ciri-ciri risiko kredit yang serupa dan
ditaksir untuk kemerosotan secara kolektif.
Sekiranya terdapat bukti objektif bahawa kerugian kemerosotan telah berlaku, jumlah kerugian diukur sebagai perbezaan di antara jumlah bawaan pembiayaan
tersebut dan nilai terkini anggaran aliran tunai masa hadapan. Jumlah bawaan pembiayaan dikurangkan menerusi penggunaan akaun peruntukan dan
jumlah kerugian diiktiraf dalam untung atau rugi.
344,539 285,302
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
314
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
YANG MANA
LAMPAU
TEMPOH
31 DISEMBER 2014 PEMBIAYAAN TETAPI TIDAK PEMBIAYAAN PERUNTUKAN PERUNTUKAN
RM000 KASAR MEROSOT MEROSOT INDIVIDU KOLEKTIF
YANG MANA
LAMPAU
TEMPOH
31 DISEMBER 2013 PEMBIAYAAN TETAPI TIDAK PEMBIAYAAN PERUNTUKAN PERUNTUKAN
RM000 KASAR MEROSOT MEROSOT INDIVIDU KOLEKTIF
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
316
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(i) Kumpulan
WILAYAH
WILAYAH WILAYAH WILAYAH WILAYAH MALAYSIA
31 DISEMBER 2014 TENGAH TIMUR UTARA SELATAN TIMUR JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 3,888,002 3,888,002
Entiti Sektor Awam 692,883 138,817 26,184 134,132 81 992,097
Bank, DFI dan MDB 1,217,088 3,351 1,220,439
Korporat 11,638,007 532,749 703,059 651,976 383,483 13,909,274
Runcit Kawal Selia 4,777,135 2,707,908 2,230,151 2,118,692 1,323,281 13,157,167
Gadai Janji Perumahan 3,664,498 1,652,072 1,756,258 1,508,466 602,355 9,183,649
Aset Berisiko Tinggi 5,741 3,238 5,874 2,187 3,921 20,961
Aset-aset Lain 2,495,953 291 2,496,244
WILAYAH
WILAYAH WILAYAH WILAYAH WILAYAH MALAYSIA
31 DISEMBER 2013 TENGAH TIMUR UTARA SELATAN TIMUR JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 4,808,880 4,808,880
Entiti Sektor Awam 490,022 112,481 28,891 67,839 121 699,354
Bank, DFI dan MDB 903,903 6,000 909,903
Korporat 13,120,240 490,459 530,971 220,152 434,292 14,796,114
Runcit Kawal Selia 4,082,044 2,653,793 1,981,086 1,816,313 1,079,702 11,612,938
Gadai Janji Perumahan 2,710,656 1,197,203 1,358,151 1,088,249 410,016 6,764,275
Aset Berisiko Tinggi 7,541 3,957 6,724 1,115 4,505 23,842
Aset-aset Lain 2,169,467 351 2,169,818
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
318
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(ii) Bank
WILAYAH
WILAYAH WILAYAH WILAYAH WILAYAH MALAYSIA
31 DISEMBER 2014 TENGAH TIMUR UTARA SELATAN TIMUR JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 3,888,002 3,888,002
Entiti Sektor Awam 692,883 138,817 26,184 134,132 81 992,097
Bank, DFI dan MDB 1,216,862 3,351 1,220,213
Korporat 11,638,007 532,749 703,059 651,976 383,483 13,909,274
Runcit Kawal Selia 4,777,135 2,707,908 2,230,151 2,118,692 1,323,281 13,157,167
Gadai Janji Perumahan 3,664,498 1,652,072 1,756,258 1,508,466 602,355 9,183,649
Aset Berisiko Tinggi 5,741 3,238 5,874 2,187 3,921 20,961
Aset-aset Lain 2,494,349 291 2,494,640
WILAYAH
WILAYAH WILAYAH WILAYAH WILAYAH MALAYSIA
31 DISEMBER 2013 TENGAH TIMUR UTARA SELATAN TIMUR JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 4,808,880 4,808,880
Entiti Sektor Awam 490,022 112,481 28,891 67,839 121 699,354
Bank, DFI dan MDB 901,638 6,000 907,638
Korporat 13,120,240 490,459 530,971 220,152 434,292 14,796,114
Runcit Kawal Selia 4,082,044 2,653,793 1,981,086 1,816,313 1,079,702 11,612,938
Gadai Janji Perumahan 2,710,656 1,197,203 1,358,151 1,088,249 410,016 6,764,275
Aset Berisiko Tinggi 7,541 3,957 6,724 1,115 4,505 23,842
Aset-aset Lain 2,168,865 351 2,169,216
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
320
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(i) Kumpulan
PER-
PER- DAGANGAN PENG- KEWANGAN,
LOMBONGAN BORONG & ANGKUTAN, INSURANS PENDIDIKAN,
DAN ELEKTRIK, RUNCIT DAN PENYIM- DAN KESIHATAN
PERTANIAN PENG- PENGI- GAS DAN RESTORAN HARTA PANAN & KHIDMAT DAN SEKTOR SEKTOR
31 DISEMBER 2014 UTAMA KUARIAN LANGAN AIR & HOTEL PEMBINAAN TANAH KOMUNIKASI PERNIAGAAN LAIN-LAIN ISI RUMAH LAIN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam
Lembaran Imbangan
Kerajaan/Bank Pusat 3,888,002 3,888,002
Entiti Sektor Awam 354,487 313,440 324,089 81 992,097
Bank, DFI dan MDB 1,171,816 48,623 1,220,439
Korporat 365,319 18,177 1,045,912 3,499,186 800,515 2,966,028 892,936 1,616,369 2,512,571 127,455 64,134 672 13,909,274
Runcit Kawal Selia 9,151 2,294 36,987 1,836 80,568 80,147 21,458 23,271 60,157 31,809 12,809,401 88 13,157,167
Gadai Janji Perumahan 9,183,649 9,183,649
Aset Berisiko Tinggi 20,961 20,961
Aset-aset Lain 2,496,244 2,496,244
Risiko Kredit
Pendedahan Dalam
Lembaran Imbangan
Kerajaan/Bank Pusat 4,808,880 4,808,880
Entiti Sektor Awam 664 430 60,201 244,276 254,414 139,238 131 699,354
Bank, DFI dan MDB 867,937 41,966 909,903
Korporat 338,728 6,685 840,973 4,425,104 640,166 2,831,299 765,902 1,782,560 2,992,449 107,733 54,462 10,053 14,796,114
Runcit Kawal Selia 10,767 1,429 44,946 3,550 79,064 69,735 17,258 18,031 49,392 26,018 11,292,589 159 11,612,938
Gadai Janji Perumahan 6,764,275 6,764,275
Aset Berisiko Tinggi 23,842 23,842
Aset-aset Lain 2,169,818 2,169,818
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
322
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(i) Bank
PER-
PER- DAGANGAN PENG- KEWANGAN,
LOMBONGAN BORONG & ANGKUTAN, INSURANS PENDIDIKAN,
DAN ELEKTRIK, RUNCIT DAN PENYIM- DAN KESIHATAN
PERTANIAN PENG- PENGI- GAS DAN RESTORAN HARTA PANAN & KHIDMAT DAN SEKTOR SEKTOR
31 DISEMBER 2014 UTAMA KUARIAN LANGAN AIR & HOTEL PEMBINAAN TANAH KOMUNIKASI PERNIAGAAN LAIN-LAIN ISI RUMAH LAIN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam
Lembaran Imbangan
Kerajaan/Bank Pusat 3,888,002 3,888,002
Entiti Sektor Awam 354,487 313,440 324,089 81 992,097
Bank, DFI dan MDB 1,171,816 48,397 1,220,213
Korporat 365,319 18,177 1,045,912 3,499,186 800,515 2,966,028 892,936 1,616,369 2,512,571 127,455 64,134 672 13,909,274
Runcit Kawal Selia 9,151 2,294 36,987 1,836 80,568 80,147 21,458 23,271 60,157 31,809 12,809,401 88 13,157,167
Gadai Janji Perumahan 9,183,649 9,183,649
Aset Berisiko Tinggi 20,961 20,961
Aset-aset Lain 2,494,640 2,494,640
Risiko Kredit
Pendedahan Dalam
Lembaran Imbangan
Kerajaan/Bank Pusat 4,808,880 4,808,880
Entiti Sektor Awam 664 430 60,201 244,276 254,414 139,238 131 699,354
Bank, DFI dan MDB 867,937 39,701 907,638
Korporat 338,728 6,685 840,973 4,425,104 640,166 2,831,299 765,902 1,782,560 2,992,449 107,733 54,462 10,053 14,796,114
Runcit Kawal Selia 10,767 1,429 44,946 3,550 79,064 69,735 17,258 18,031 49,392 26,018 11,292,589 159 11,612,938
Gadai Janji Perumahan 6,764,275 6,764,275
Aset Berisiko Tinggi 23,842 23,842
Aset-aset Lain 2,169,216 2,169,216
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
324
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(i) Kumpulan
SEHINGGA LEBIH
31 DISEMBER 2014 1 TAHUN >1-5 TAHUN 5 TAHUN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 2,421,391 586,758 879,853 3,888,002
Entiti Sektor Awam 158,295 458,501 375,301 992,097
Bank, DFI dan MDB 608,391 581,279 30,769 1,220,439
Korporat 3,520,258 4,637,767 5,751,249 13,909,274
Runcit Kawal Selia 60,245 1,821,352 11,275,570 13,157,167
Gadai Janji Perumahan 3,998 89,478 9,090,173 9,183,649
Aset Berisiko Tinggi 403 20,558 20,961
Aset-aset Lain 2,100,897 395,347 2,496,244
Jumlah Pendedahan Dalam dan Luar Lembaran Imbangan 9,588,401 8,679,011 28,303,953 46,571,365
SEHINGGA LEBIH
31 DISEMBER 2013 1 TAHUN >1-5 TAHUN 5 TAHUN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 3,532,342 396,055 880,483 4,808,880
Entiti Sektor Awam 29,739 412,234 257,381 699,354
Bank, DFI dan MDB 720,653 158,083 31,167 909,903
Korporat 4,144,424 5,588,149 5,063,541 14,796,114
Runcit Kawal Selia 128,278 1,703,421 9,781,239 11,612,938
Gadai Janji Perumahan 3,758 86,446 6,674,071 6,764,275
Aset Berisiko Tinggi 90 553 23,199 23,842
Aset-aset Lain 1,783,236 386,582 2,169,818
Jumlah Pendedahan Dalam dan Luar Lembaran Imbangan 10,930,414 8,814,166 23,536,627 43,281,207
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
326
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
(ii) Bank
SEHINGGA LEBIH
31 DISEMBER 2014 1 TAHUN >1-5 TAHUN 5 TAHUN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 2,421,391 586,758 879,853 3,888,002
Entiti Sektor Awam 158,295 458,501 375,301 992,097
Bank, DFI dan MDB 608,165 581,279 30,769 1,220,213
Korporat 3,520,258 4,637,767 5,751,249 13,909,274
Runcit Kawal Selia 60,245 1,821,352 11,275,570 13,157,167
Gadai Janji Perumahan 3,998 89,478 9,090,173 9,183,649
Aset Berisiko Tinggi 403 20,558 20,961
Aset-aset Lain 2,099,293 395,347 2,494,640
Jumlah Pendedahan Dalam dan Luar Lembaran Imbangan 9,586,571 8,679,011 28,303,953 46,569,535
SEHINGGA LEBIH
31 DISEMBER 2013 1 TAHUN >1-5 TAHUN 5 TAHUN JUMLAH
KELAS PENDEDAHAN RM000 RM000 RM000 RM000
Risiko Kredit
Pendedahan Dalam Lembaran Imbangan
Kerajaan/Bank Pusat 3,532,342 396,055 880,483 4,808,880
Entiti Sektor Awam 29,739 412,234 257,381 699,354
Bank, DFI dan MDB 718,388 158,083 31,167 907,638
Korporat 4,144,424 5,588,149 5,063,541 14,796,114
Runcit Kawal Selia 128,278 1,703,421 9,781,239 11,612,938
Gadai Janji Perumahan 3,758 86,446 6,674,071 6,764,275
Aset Berisiko Tinggi 90 553 23,199 23,842
Aset-aset Lain 1,782,634 386,582 2,169,216
Jumlah Pendedahan Dalam dan Luar Lembaran Imbangan 10,927,547 8,814,166 23,536,627 43,278,340
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
328
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Di bawah Pendekatan Berpiawai, Kumpulan menggunakan penarafan kredit yang diberikan oleh agensi-agensi penarafan kredit dalam perkiraan kredit aset
berwajaran risiko. Berikut adalah agensi-agensi penarafan atau penarafan Institusi Penaksiran Kredit Berkelayakan (ECAI) yang digunakan oleh Kumpulan dan
diiktiraf oleh BNM seperti terkandung dalam Garis Panduan CAFIB:
Penarafan ECAI diberikan kepada kelas pendedahan rakan niaga berikut yang digunakan dalam perkiraan aset berwajaran risiko bagi tujuan kecukupan
modal:
(c) Korporat
Sebagai peraturan am, penarafan yang khusus digunakan untuk pendedahan kredit iaitu penarafan isu. Apabila tiada penarafan khusus wujud, penarafan kredit
yang diberikan kepada pengeluar isu atau pihak berwajaran bagi pendedahan kredit tersebut akan digunakan. Dalam kes di mana sesuatu pendedahan tidak
mempunyai isu atau penarafan isu, ia dianggap tidak bertaraf atau penarafan tanggungan bertaraf lain bagi pihak berwajaran yang sama boleh digunakan
sekiranya pendedahan tersebut ditarafkan sekurang-kurangnya pari passu dengan tanggungan yang bertaraf, seperti yang termaktub dalam Garis Panduan
CAFIB.
Apabila satu pihak berwajaran atau pendedahan ditarafkan oleh lebih daripada satu ECAI, penarafan kedua tertinggi digunakan bagi menentukan berwajaran
risiko. Dalam kes di mana pendedahan kredit dilindungi oleh jaminan yang dikeluarkan oleh penjamin bertaraf atau berkelayakan, berwajaran risiko yang serupa
dengan berwajaran risiko penjamin akan digunakan.
Jadual di bawah merumuskan peraturan yang mentadbir penentuan risiko berwajaran di bawah Pendekatan Berpiawai:
1 AAA hingga AA- Aaa hingga Aa3 AAA hingga AA- AAA hingga AA3 AAA hingga AA-
2 A+ hingga A- A1 hingga A3 A+ hingga A- A1 hingga A3 A+ hingga A-
3 BBB+ hingga BBB- Baa1 hingga Baa3 BBB+ hingga BBB- BBB1 hingga BBB3 BBB+ hingga BBB-
4 BB+ hingga BB- Ba1 hingga Ba3 BB+ hingga BB- BB1 hingga BB3 BB+ hingga BB-
5 B+ hingga B- B1 hingga B3 B+ hingga B- B1 hingga B3 B+ hingga B-
6 CCC+ ke bawah Caa1 ke bawah CCC+ ke bawah C1 ke bawah C+ ke bawah
Jadual di bawah meringkaskan matriks pemetaan risiko berwajaran bagi setiap kategori penarafan kualiti kredit:
Di bawah CAFIB, pendedahan kepada dan/atau dijamin oleh Kerajaan Persekutuan Malaysia dan Bank Negara Malaysia diberikan risiko berwajaran kerajaan
terpilih sebanyak 0%.
Berikut adalah pendedahan kredit mengikut berwajaran risiko dan selepas pengurangan risiko kredit Kumpulan:
Jumlah Pendedahan 3,888,002 1,000,647 1,302,654 14,806,885 13,261,691 9,499,221 32,848 2,496,251 46,288,199 26,947,994
RWA mengikut Pendedahan 349,162 178,314 7,769,633 11,996,791 6,167,615 49,272 437,207 26,947,994
Purata Berwajaran Risiko 0.0% 34.9% 13.7% 52.5% 90.5% 64.9% 150.0% 17.5% 58.2%
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
330
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Berikut adalah pendedahan kredit mengikut berwajaran risiko dan selepas pengurangan risiko kredit Kumpulan (sambungan):
Jumlah Pendedahan 4,808,880 703,215 954,287 15,653,528 11,712,716 7,012,475 42,120 2,170,363 43,057,584 22,252,433
RWA mengikut Pendedahan 257,508 199,071 6,538,637 10,356,067 4,503,241 63,180 334,729 22,252,433
Purata Berwajaran Risiko 0.0% 36.6% 20.9% 41.8% 88.4% 64.2% 150.0% 15.4% 51.7%
Berikut adalah pendedahan kredit mengikut berwajaran risiko dan selepas pengurangan risiko kredit bagi Bank:
Jumlah Pendedahan 3,888,002 1,000,647 1,302,428 14,806,885 13,261,691 9,499,221 32,848 2,494,647 46,286,369 26,945,514
RWA mengikut Pendedahan 349,162 178,269 7,769,633 11,996,791 6,167,615 49,272 434,772 26,945,514
Purata Berwajaran Risiko 0.0% 34.9% 13.7% 52.5% 90.5% 64.9% 150.0% 17.4% 58.2%
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
332
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Berikut adalah pendedahan kredit mengikut berwajaran risiko dan selepas pengurangan risiko kredit bagi Bank (sambungan):
Jumlah Pendedahan 4,808,880 703,215 952,022 15,653,528 11,712,716 7,012,475 42,120 2,169,761 43,054,717 22,249,166
RWA mengikut Pendedahan 257,508 198,618 6,538,637 10,356,067 4,503,241 63,180 331,915 22,249,166
Purata Berwajaran Risiko 0.0% 36.6% 20.9% 41.8% 88.4% 64.2% 150.0% 15.3% 51.7%
(a) Penarafan Kerajaan dan Bank Pusat oleh ECAI yang diluluskan
Jumlah 3,888,002
Jumlah 4,808,880
* Pendedahan ini merujuk kepada pendedahan kepada Kerajaan Persekutuan Malaysia dan Bank Negara Malaysia yang diberikan risiko berwajaran
kerajaaan terpilih sebanyak 0%.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
334
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Nota: Tiada pendedahan di bawah penarafan jangka pendek bagi tempoh di bawah tinjauan.
Sebagai jalan penyelesaian pertama, penaksiran kredit apabila meluluskan sesuatu kemudahan pembiayaan adalah berdasarkan aliran tunai pelanggan
sebagai sumber utama pembayaran dan bukan cagaran yang ditawarkan. Bagaimanapun, penerimaan sekuriti nyata sebagai cagaran adalah merupakan jalan
penyelesaian kedua sekiranya berlaku kegagalan perniagaan yakni mempertingkatkan kadar pemulihan.
Jenis cagaran yang diterima oleh Bank mempunyai kesan ke atas penentuan kecukupan modal Bank kerana kualiti dan jenis cagaran menentukan samada Bank
berupaya mendapatkan bantuan modal dan tahap bantuan tersebut.
Jenis-jenis cagaran utama yang diperolehi oleh Kumpulan bagi mengurangkan risiko kredit adalah seperti berikut:
(f) Jaminan
Kebergantungan ke atas CRM ditaksir dengan cermat berikutan isu-isu seperti pematuhan kepada peraturan Syariah, penguatkuasaan undang-undang, nilai
pasaran dan risiko kredit pihak berwajaran bagi penjamin. Dasar-dasar dan prosedur-prosedur telah disediakan bagi melindungi kedudukan Kumpulan sejak
permulaan hubungan dengan pelanggan, contohnya dalam mendapatkan terma-terma dan syarat-syarat piawai atau dokumentasi yang dipersetujui secara
khusus untuk memastikan penguatkuasaan undang-undang bagi pengurangan risiko kredit.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
336
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
PENDEDAHAN
DILINDUNGI
OLEH
CAGARAN
PENDEDAHAN KEWANGAN
PENDEDAHAN DILINDUNGI DAN BUKAN
SEBELUM OLEH KEWANGAN
31 DISEMBER 2014 CRM JAMINAN YANG LAYAK
KELAS PENDEDAHAN RM000 RM000 RM000
Jumlah bagi Pendedahan Dalam dan Luar Lembaran Imbangan 46,569,535 568,722 979,335
PENDEDAHAN
DILINDUNGI
OLEH
CAGARAN
PENDEDAHAN KEWANGAN
PENDEDAHAN DILINDUNGI DAN BUKAN
SEBELUM OLEH KEWANGAN
31 DISEMBER 2013 CRM JAMINAN YANG LAYAK
KELAS PENDEDAHAN RM000 RM000 RM000
Jumlah bagi Pendedahan Dalam dan Luar Lembaran Imbangan 43,278,340 402,946 398,853
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
338
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
5. RISIKO KREDIT LUAR LEMBARAN IMBANGAN DAN PIHAK BERWAJARAN BAGI KUMPULAN DAN BANK
(i) Setakat 31 Disember 2014
NILAI
SAKSAMA
POSITIF BAGI JUMLAH ASET
JUMLAH KONTRAK KESETARAAN BERWAJARAN
POKOK DERIVATIF KREDIT RISIKO
CIRI-CIRI ITEM RM000 RM000 RM000 RM000
5. RISIKO KREDIT LUAR LEMBARAN IMBANGAN DAN PIHAK BERWAJARAN BAGI KUMPULAN DAN BANK (sambungan)
(ii) Setakat 31 Disember 2013
NILAI
SAKSAMA
POSITIF BAGI JUMLAH ASET
JUMLAH KONTRAK KESETARAAN BERWAJARAN
POKOK DERIVATIF KREDIT RISIKO
CIRI-CIRI ITEM RM000 RM000 RM000 RM000
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
340
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
6. RISIKO PASARAN
Kesemua perniagaan Bank adalah tertakluk kepada risiko bahawa harga dan kadar pasaran akan berubah, yang menyebabkan keuntungan atau kerugian kepada Bank.
Selain itu, perubahan kadar yang ketara atau mendadak boleh menjejaskan kedudukan kecairan/pembiayaan Bank. Bank terdedah kepada faktor-faktor risiko pasaran/
kecairan utama berikut:
Kadar Risiko Pulangan atau Keuntungan: potensi impak ke atas keuntungan Bank yang disebabkan oleh perubahan dalam kadar pulangan pasaran, samada ekoran
perubahan am pasaran atau sebab khusus penerbit/peminjam;
Risiko Tukaran Asing: kesan perubahan kadar tukaran ke atas kedudukan matawang Bank;
Risiko Pelaburan Ekuiti: kesan keuntungan ke atas kedudukan ekuiti atau pelaburan Bank yang disebabkan oleh perubahan dalam harga atau nilai ekuiti;
Risiko Inventori Komoditi: risiko kerugian disebabkan perubahan dalam harga komoditi;
Risiko Kecairan: potensi ketakmampuan Bank untuk memenuhi syarat-syarat pembiayaan pada kos yang wajar (risiko kecairan pembiayaan) atau ketakmampuan
untuk mencairkan kedudukan dengan cepat pada harga yang wajar (risiko kecairan pasaran);
Objektif pengurusan risiko pasaran Bank adalah untuk mengurus dan mengawal pendedahan risiko pasaran bagi mengoptimakan pulangan dan pada masa yang sama
mengekalkan profil risiko pasaran yang konsisten dengan kehendak risiko Bank yang diluluskan.
Bank mengasingkan pendedahan risiko pasaran kepada portfolio dagangan atau bukan dagangan. Portfolio dagangan merangkumi kedudukan yang timbul daripada
pembuatan pasaran, pengambilan kedudukan pemilik dan lain-lain kedudukan penandaan pasaran yang diagihkan seperti dalam Penyata Dasar Buku Dagangan
yang diluluskan. Portfolio bukan dagangan timbul daripada padanan penentuan semula harga bagi aset-aset dan liabiliti-liabiliti berasaskan pelanggan dan daripada
pelaburan dana lebihan Bank.
Pengurusan risiko pasaran dilaksanakan menggunakan had risiko yang diluluskan oleh BRC, dan di bawah panduan Penyata Kehendak Risiko yang diluluskan oleh
Lembaga Pengarah.
Jawatankuasa Pengurusan Aset dan Liabiliti (ALCO) bertanggungjawab menguruskan risiko pasaran pada tahap strategik di bawah kuasa yang diagihkan oleh BRC.
Semua pendedahan risiko pasaran diuruskan oleh Perbendaharaan. Matlamatnya ialah untuk memastikan bahawa semua risiko pasaran digabungkan di Perbendaharaan,
yang memiliki kemahiran, peralatan, pengurusan dan tadbir urus yang diperlukan untuk menguruskan risiko tersebut dengan profesional. Had ditetapkan untuk portfolio,
produk dan jenis risiko, dengan kecairan pasaran dan kualiti kredit sebagai faktor utama dalam menentukan tahap had tersebut.
Jabatan Pengurusan Risiko Pasaran (MRMD) merupakan fungsi kawalan risiko bebas yang bertanggungjawab memastikan pelaksanaan dasar pengurusan risiko
pasaran secara efisien. MRMD juga bertanggungjawab membuat garis panduan pengurusan risiko pasaran, teknik ukuran, andaian tatalaku dan kaedah penetapan had.
Sebarang lebihan berbanding had yang ditetapkan dilaporkan serta-merta kepada Pengurusan Kanan. Prosedur peningkatan yang ketat didokumentasi dengan sempurna
dan diluluskan oleh BRC. Selain itu, pendedahan dan had risiko pasaran dilaporkan secara kerap kepada ALCO dan BRC.
Kawalan lain bagi memastikan pendedahan risiko pasaran kekal dalam tahap yang boleh diterima adalah termasuk ujian tekanan, prosedur kelulusan produk baru yang
ketat dan senarai instrumen dibenarkan yang boleh didagangkan. Keputusan ujian tekanan dikeluarkan setiap bulan bagi menentukan impak perubahan ke atas kadar
keuntungan, kadar tukaran asing dan lain-lain faktor risiko ke atas keuntungan Bank, kecukupan modal dan kecairan. Ujian tekanan menyediakan pihak Pengurusan
dan BRC dengan penilaian mengenai impak kewangan peristiwa-peristiwa melampau yang dikenalpasti ke atas pendedahan risiko pasaran Bank.
Risiko kadar keuntungan dalam portfolio bukan dagangan diuruskan dan dikawal menggunakan ukuran yang dikenali sebagai nilai ekonomi ekuiti (EVE) dan pendapatan
berisiko (EaR). Had EVE dan EaR diluluskan oleh BRC dan dipantau secara bebas setiap bulan oleh MRMD. Pendedahan dan had dibincangkan secara kerap dan
dilaporkan kepada ALCO dan BRC.
Bank menguruskan risiko pasaran dalam portfolio bukan dagangan dengan memantau kepekaan unjuran EaR dan EVE di bawah pelbagai senario kadar keuntungan (model
simulasi). Untuk model simulasi, kombinasi di antara senario lazim dan senario bukan lazim yang berkaitan dengan pasaran tempatan digunakan. Senario lazim yang
dipantau setiap bulanan adalah merangkumi 100 mata asas yang selari dengan penurunan atau peningkatan dalam kadar keuntungan dan simulasi peristiwa lampau.
Senario-senario ini tidak memerlukan tindakan pengurusan. Justeru itu, ia tidak merangkumi tindakan yang akan diambil oleh Perbendaharaan untuk mengurangkan
impak risiko kadar keuntungan terbabit. Secara realiti, bergantung kepada pandangan mengenai pergerakan pasaran masa hadapan, Perbendaharaan secara proaktif
akan mengubah profil pendedahan kadar keuntungan bagi meminimakan kerugian dan mengoptimakan perolehan bersih. Ciri strategi-strategi pengurangan risiko dan
lindung nilai terbabit adalah sejajar dengan instrumen pasaran yang tersedia. Strategi-strategi ini terdiri daripada penggunaan instrumen pasaran tradisional, seperti
tukaran kadar keuntungan, kepada strategi-strategi lindung nilai yang lebih rumit bagi menangani pendedahan risiko kadar keuntungan yang melampau.
Jadual di bawah menunjukkan unjuran kepekaan Kumpulan dan Bank terhadap 100 mata asas anjakan selari dengan kadar keuntungan untuk semua tempoh matang
yang digunapakai ke atas jurang kepekaan kadar keuntungan Kumpulan dan Bank pada tarikh laporan.
2014 2013
-100bps +100bps -100bps +100bps
PENINGKATAN/(PENURUNAN)
RM JUTA RM JUTA RM JUTA RM JUTA
BANK
Impak ke atas EaR (22.45) 22.45 (51.45) 51.45
Impak ke atas EVE (397.43) 397.43 (521.44) 521.44
Nota: Keputusan EVE dan EaR setakat 31 Disember 2013 dikembalikan sejajar dengan perubahan kaedah daripada kaedah tatalaku kepada kaedah kontrak BNM
seperti yang diluluskan oleh BRC Khas 01/2014 pada 30 Jun 2014.
Kawalan lain untuk mengawal risiko kadar keuntungan dalam portfolio bukan dagangan adalah termasuk ujian tekanan dan pelaksanaan had kepekaan ke atas aset
kewangan sedia untuk jualan. Kepekaan diukur menggunakan nilai terkini perubahan 1 mata asas (PV01) dan dipantau secara bebas oleh MRMD secara mingguan
berbanding had yang diluluskan oleh BRC. Pendedahan dan had PV01 dibincangkan secara kerap dan dilaporkan kepada ALCO dan BRC.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
342
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Risiko pasaran dalam portfolio dagangan dipantau dan dikawal menggunakan Nilai Berisiko (VaR). Had VaR diluluskan oleh BRC dan dipantau secara bebas oleh
MRMD setiap hari. Pendedahan dan had dibincangkan secara kerap dan dilaporkan kepada ALCO and BRC.
VaR adalah satu teknik yang menganggarkan potensi kerugian yang mungkin berlaku ke atas kedudukan risiko ekoran pergerakan dalam kadar dan harga pasaran
dalam satu tempoh masa yang khusus dan pada satu tahap keyakinan yang wujud. Model-model VaR yang digunakan oleh Bank adalah berdasarkan simulasi sejarah.
Model-model ini memberi senario masa hadapan yang berkemungkinan berlaku berdasarkan siri-siri lampau kadar dan harga pasaran yang telah direkodkan, dengan
mengambilkira hubungan di antara kadar dan pasaran yang berbeza seperti kadar keuntungan dan kadar tukaran asing. Model simulasi sejarah yang digunakan oleh
Bank merangkumi ciri-ciri berikut:
potensi pergerakan pasaran diramal dengan merujuk kepada data dari empat tahun lepas;
kadar dan harga pasaran sejarah ditentukan dengan merujuk kepada kadar tukaran asing dan kadar keuntungan; dan
VaR dihitung sehingga 99 peratus tahap keyakinan untuk tempoh pegangan selama sehari. Ciri model VaR menjadikan peningkatan dalam ketidaktentuan pasaran
yang dipantau membawa kepada peningkatan dalam VaR tanpa sebarang perubahan dalam kedudukan asas.
Secara statistik, Bank menjangkakan kerugian dalam lebihan VaR berlaku hanya 1 peratus dalam tempoh satu tahun. Jumlah sebenar lebihan dalam tempoh ini dapat
digunakan untuk menentukan tahap keberkesanan model tersebut.
Ringkasan mengenai kedudukan VaR portfolio dagangan Bank pada tarikh laporan adalah seperti berikut:
Walaupun ia adalah panduan yang berguna berkaitan risiko, VaR harus sentiasa dilihat dalam konteks hadnya. Sebagai contoh:
Penggunaan data sejarah sebagai proksi untuk menjangka peristiwa masa hadapan mungkin tidak merangkumi semua peristiwa yang berpotensi, terutamanya
peristiwa yang berciri melampau;
Penggunaan tempoh pegangan selama 1 hari mengandaikan bahawa semua kedudukan boleh dicairkan atau dilindungi dalam masa sehari. Ini mungkin tidak
menggambarkan sepenuhnya risiko pasaran yang timbul pada ketika berlakunya ketakcairan yang teruk, apabila tempoh pegangan selama 1 hari tidak mencukupi
untuk mencairkan atau melindungi semua kedudukan sepenuhnya;
Penggunaan tahap keyakinan 99 peratus, mengikut takrifnya, tidak mengambilkira kerugian yang mungkin berlaku di luar tahap keyakinan ini;
VaR dihitung berdasarkan baki pendedahan pada akhir tempoh perniagaan dan justeru itu tidak semestinya menggambarkan pendedahan intra-hari; dan
VaR tidak berkemungkinan menggambarkan potensi kerugian bagi pendedahan yang mungkin timbul di bawah pergerakan pasaran yang penting.
Bank mengiktiraf kekangan ini dengan meningkatkan had VaR dengan had-had lain seperti had kerugian maksimum, had kedudukan dan struktur had PV01. Had-had
ini diluluskan oleh BRC dan dipantau secara bebas oleh MRMD setiap hari. Pendedahan dan had dipantau secara kerap dan dilaporkan kepada ALCO dan BRC.
Kawalan lain untuk mengawal risiko pasaran pada tahap yang boleh diterima adalah menerusi ujian tekanan, proses kelulusan produk baru yang ketat dan senarai
instrumen yang dibenarkan untuk dagangan. Ujian tekanan dikeluarkan setiap bulan bagi menentukan impak perubahan ke atas kadar keuntungan, kadar tukaran asing
dan lain-lain penunjuk ekonomi utama ke atas keuntungan, kecukupan modal dan kecairan Kumpulan dan Bank. Ujian tekanan menyediakan pihak Pengurusan dan
BRC dengan penilaian impak kewangan bagi peristiwa melampau yang telah dikenalpasti ke atas pendedahan risiko pasaran Bank.
Kedudukan dagangan
Selain VaR dan ujian tekanan, Bank mengawal risiko tukaran asing dalam portfolio dagangan dengan menghadkan pendedahan terbuka kepada matawang individu,
pada asas agregat.
Bank mengawal risiko keseluruhan tukaran asing dengan menghadkan pendedahan terbuka kepada kedudukan bukan-Ringgit pada asas agregat.
Had tukaran asing diluluskan oleh BRC dan dipantau secara bebas oleh MRMD setiap hari. Pendedahan dan had dibincangkan secara kerap dan dilaporkan kepada
ALCO dan BRC.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
344
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Analisis Kepekaan
Memandangkan pembolehubah risiko lain kekal berterusan, kepekaan penilaian semula matawang asing bagi Kumpulan dan Bank pada tarikh laporan diringkaskan
seperti berikut (hanya pendedahan matawang yang melibatkan lebih daripada 5 peratus kedudukan terbuka bersih dibentangkan dalam matawang khususnya dalam
jadual di bawah. Untuk matawang lain, pendedahannya dikumpulkan sebagai Lain-lain):
2014 2013
-1% +1% -1% +1%
SUSUT NILAI NAIK NILAI SUSUT NILAI NAIK NILAI
RM000 RM000 RM000 RM000
Risiko kecairan adalah risiko bahawa Bank tidak mempunyai sumber kewangan yang mencukupi untuk memenuhi tanggungannya apabila sampai tempoh, atau
kemungkinan perlu membiaya tanggungan tersebut pada kos yang melampau. Risiko ini mungkin timbul daripada ketidakpadanan penetapan masa aliran tunai. Risiko
pembiayaan timbul apabila kecairan yang perlu bagi membiaya kedudukan aset tak cair tidak boleh diperolehi pada tempoh jangkaan apabila diperlukan.
Bank mengekalkan asas pembiayaan yang berkepelbagaian dan stabil yang merangkumi runcit teras, komersil, deposit pelanggan korporat dan baki institusi. Ini
dipertingkatkan dengan pembiayaan borong dan portfolio aset berkecairan tinggi.
Matlamat pengurusan pembiayaan dan kecairan Bank adalah untuk memastikan bahawa semua komitmen pembiayaan dan pengeluaran deposit yang boleh dijangka
boleh dipenuhi apabila sampai tempoh dan bahawa akses pasaran borong kekal boleh digunakan serta menjimatkan kos.
Akaun semasa dan deposit simpanan yang perlu dibayar atas permintaan atau pada notis segera membentuk bahagian penting pembiayaan Bank, dan Bank menekankan
kepentingan mengekalkan kestabilannya. Bagi deposit, kestabilan bergantung kepada pengekalan keyakinan pendeposit terhadap Bank dan kemantapan modal dan
kecairan Bank, serta pada harga yang kompetitif dan telus.
Pengurusan kecairan dan pembiayaan dilaksanakan sejajar dengan Rangka Kerja Kecairan Bank Negara Malaysia serta amalan-amalan, had-had dan pencetus-pencetus
yang telah diluluskan oleh BRC dan ALCO. Had-had dan pencetus-pencetus ini adalah berbeza bagi mengambilkira kedalaman dan kecairan pasaran tempatan di mana
Bank beroperasi. Bank mengekalkan kedudukan kecairan yang kukuh dan menguruskan profil kecairan aset-aset, liabiliti-liabiliti dan komitmen-komitmennya bagi
memastikan bahawa aliran tunai diseimbangkan dengan sewajarnya dan semua tanggungan dipenuhi apabila sampai tempoh.
Unjuran harian aliran tunai dan memastikan bahawa Bank mempunyai lebihan kecairan dan rizab yang mencukupi untuk menangani kejutan kecairan yang berlaku
secara tiba-tiba;
Mengunjurkan aliran tunai dan mempertimbangkan tahap aset cair yang sewajarnya berhubung perkara ini;
Mengekalkan sumber pembiayaan yang pelbagai dengan fasiliti sokongan yang mencukupi;
Memantau konsentrasi pendeposit bagi mengelakkan kebergantungan yang tidak wajar ke atas pendeposit individu dan memastikan campuran pembiayaan
keseluruhan yang memuaskan; dan
Menguruskan tempoh matang dan mempelbagaikan liabiliti pembiayaan untuk semua produk dan kaunterpart.
Pengurusan risiko pembiayaan dan kecairan dilaksanakan menggunakan mandat had risiko yang diluluskan oleh BRC dan pencetus tindakan pengurusan yang ditugaskan
oleh ALCO.
ALCO bertanggungjawab di bawah kuasa yang diagihkan oleh BRC untuk menguruskan risiko pembiayaan dan kecairan pada tahap strategik.
Semua pendedahan risiko kecairan diuruskan oleh Perbendaharaan. Matlamatnya ialah untuk memastikan bahawa risiko pembiayaan dan kecairan digabungkan di
Perbendaharaan, yang memiliki kemahiran, peralatan, pengurusan dan tadbir urus yang diperlukan untuk mengurus risiko-risiko tersebut secara profesional. Had dan
pencetus ditetapkan bagi memenuhi objektif berikut:
Lebihan kecairan dan rizab yang mencukupi bagi menangani kejutan kecairan yang berlaku secara tiba-tiba;
Asas deposit tidak terlalu tertumpu kepada bilangan pendeposit yang kecil;
Kapasiti peminjaman yang mencukupi di pasaran Interbank dan aset kewangan berkecairan tinggi sebagai sokongan; dan
MRMD merupakan fungsi kawalan risiko bebas dan bertanggungjawab memastikan pelaksanaan dasar pengurusan risiko mudah tunai dan pembiayaan secara cekap.
Satu lagi kawalan bagi memastikan pendedahan risiko kecairan dan pembiayaan kekal pada tahap yang boleh diterima termasuk ujian tekanan. Satu ciri kawalan utama
terakhir pengurusan risiko kecairan dan pembiayaan Bank ialah pelan luar jangka kecairan dan pembiayaan yang telah diluluskan dan didokumentasikan. Pelan ini
mengenal pasti penunjuk awal keadaan tekanan dan menerangkan tindakan yang perlu diambil sekiranya berlaku kesukaran yang timbul daripada krisis sistemik atau
krisis lain sementara meminimumkan implikasi buruk jangka panjang ke atas Bank.
Bank menggunapakai Pendekatan Berpiawai bagi menentukan kehendak modal risiko pasaran di bawah Rangka Kerja Kecukupan Modal untuk Bank-bank Islam
(CAFIB) oleh BNM.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
346
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
7. RISIKO OPERASI
Risiko Operasi (OR) ditakrif sebagai risiko kerugian yang timbul daripada ketidakcukupan atau kegagalan proses dalaman, manusia dan sistem serta peristiwa luar,
yang termasuk risiko perundangan dan risiko ketidakpatuhan Syariah tetapi tidak termasuk risiko strategik dan reputasi.
Ia termaktub dalam semua produk-produk, aktiviti-aktiviti, proses-proses dan sistem-sistem perbankan, dan pengurusan risiko operasi yang berkesan sentiasa menjadi
elemen asas dalam program pengurusan risiko sesuatu bank.
Pengurusan risiko operasi (ORM) Bank Islam dipandu oleh Rangka Kerja ORM dan Dasar Pengurusan Risiko serta Rangka Kerja Kehendak Risikonya yang direka untuk
menyediakan persekitaran operasi yang berwibawa dan terkawal di dalam Bank.
MRCC, di bawah kuasa yang diberikan oleh BRC, adalah bertanggungjawab melaksanakan fungsi penyeliaan dan memastikan pengurusan yang berkesan ke atas isu-isu
berkaitan OR pada tahap strategik. ORCC, yang merupakan jawatankuasa kecil MRCC, bertanggungjawab memastikan pelaksanaan dan kesinambungan dasar-dasar,
proses-proses dan sistem-sistem pengurusan OR yang berkesan untuk Bank.
Walaupun begitu, Unit-unit Perniagaan & Sokongan (BU/SU) bertanggungjawab menguruskan OR di dalam domain masing-masing dari hari ke hari dan memastikan
bahawa kesemua aktiviti perniagaan & operasinya dijalankan di dalam rangkuman dasar, garis panduan, prosedur dan had ORM yang telah ditetapkan. Bagi menekankan
akauntabiliti dan pemilikan risiko & kawalan di peringkat BU/SU, seorang Pengawal Risiko untuk setiap BU/SU dilantik bagi membantu memacu program risiko &
kawalan Bank.
Secara dasarnya, semua kakitangan Bank harus memastikan bahawa mereka menjalankan tanggungjawab harian dengan teratur dan memiliki pengetahuan yang
sewajarnya termasuk mengenai dasar-dasar dan prosedur dalam menjalankan fungsi tugas mereka. Ini sejajar dengan Cogankata Pengurusan Risiko kami iaitu
Menguruskan Risiko adalah Urusan Semua.
Bank Islam mengiktiraf kepentingan pengurusan risiko operasi (ORM) dan menguruskan risiko ini melalui persekitaran berasaskan kawalan dengan proses
didokumentasikan, pemberian kebenaran adalah bebas, urus niaga diselaraskan dan dipantau serta aktiviti perniagaan dijalankan mengikut dasar, garis panduan,
prosedur dan had OR yang ditetapkan.
Pendekatan tadbir urus keseluruhan Bank dalam menguruskan OR adalah berdasarkan Pendekatan Tiga Barisan Pertahanan:
(a) Barisan pertahanan pertama pemilik risiko atau unit pengambilan risiko iaitu Unit Perniagaan atau Sokongan bertanggungjawab mewujudkan persekitaran
kawalan yang mantap dalam unit masing-masing. Unit-unit ini bertanggungjawab ke atas pengurusan harian risiko operasi.
(b) Barisan pertahanan kedua Jabatan Pengurusan Risiko Operasi (ORMD) bertanggungjawab mewujudkan dan mengekalkan rangka kerja ORM, membangunkan
pelbagai peralatan ORM bagi membantu dalam pengurusan risiko operasi, memantau keberkesanan ORM, menilai isu-isu risiko operasi daripada pemilik risiko dan
membangkitkan isu-isu OR kepada peringkat tadbir urus yang berkaitan berserta cadangan-cadangan untuk strategi pengurangan risiko yang sewajarnya. Dalam
mencipta budaya risiko yang mantap, ORMD juga bertanggungjawab menggalakkan kesedaran risiko di seluruh Bank.
Jabatan Pematuhan Bank melengkapi peranan ORM sebagai barisan pertahanan kedua dengan memastikan pemantauan berkesan ke atas risiko-risiko berkaitan
pematuhan seperti risiko pematuhan kawal selia, risiko pematuhan serta risiko penyelewengan wang dan pembiayaan keganasan menerusi klasifikasi risiko yang
sewajarnya selain membangun, menyemak dan mempertingkatkan program-program latihan berkaitan pematuhan dan menjalankan latihan menerusi penciptaan
kesedaran berterusan.
(c) Barisan pertahanan ketiga Audit Dalaman memberikan jaminan bebas kepada Lembaga Pengarah dan pengurusan kanan mengenai keberkesanan proses
ORM.
ORM Bank dipandu oleh rangka kerja ORM yang direka khas untuk menyediakan persekitaran operasi yang terkawal dengan baik dalam Bank. Rangka kerja ini
menggariskan pendekatan Bank dalam mengenalpasti, menilai, memantau dan menguruskan OR dan ia memberi tumpuan ke atas empat faktor asas OR iaitu proses
dalaman, manusia, sistem dan peristiwa luar. Ia terdiri daripada komponen-komponen berikut:
PENGENALPASTIAN
RISIKO
PERSEKITARAN RISIKO PERSEKITARAN RISIKO
PEMANTAUAN
PENILAIAN
& PELAPORAN
Asas & Struktur RISIKO
RISIKO
Tadbir Urus
Mitigasi &
Alat ORM
Kuantifikasi Risiko
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
348
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Bank menggunapakai pelbagai alat samada proaktif atau reaktif yang sejajar dengan amalan terbaik dalam mengurus & mengurangkan risiko, iaitu:
Satu alat canggih bagi Bagi mengenalpasti dan menilai Penilaian menyeluruh kegiatan- Pangkalan data berpusat
mengenalpasti potensi berlakunya risiko-risiko operasi oleh Pemilik kegiatan perbankan yang kritikal kerugian keseluruhan Bank yang
risiko dan bagi membolehkan Risiko; bagi mengenalpasti potensi risiko menyediakan garis tinjauan
tindakan-tindakan pengurusan dan Alat ini mencipta pemilikan dan dan memastikan kawalan yang laporan kerugian perniagaan,
mitigasi risiko diambil sebelum meningkatkan kesedaran berkaitan sewajarnya adalah tersedia dan mengesan kekerapan peristiwa
sesuatu insiden berlaku (sistem risiko operasi. berkesan. kerugian dan memudahkan ulasan
amaran awal); terperinci mengenai kejadian
Bagi membantu pengurusan tersebut dan kesannya.
menumpukan perhatian ke atas
isu-isu berisiko tinggi.
Analisis & laporan keputusan kualitatif & kuantitatif daripada pelbagai alat ORM.
Selain itu, satu fungsi menyeluruh Pengurusan Kesinambungan Perniagaan (BCM) telah ditubuhkan dalam Bank Islam bagi memastikan bahawa sekiranya berlaku
gangguan ketara dari peristiwa-peristiwa dalaman atau luar, fungsi perniagaan kritikal boleh dikekalkan atau dipulihkan sewajarnya. Ini memastikan impak negatif
yang minima ke atas pelanggan, kakitangan, produk dan perkhidmatan. BCM adalah komponen penting dalam proses pengurusan risiko Bank di mana ia menyediakan
tindakbalas terkawal terhadap OR yang boleh memberi impak besar ke atas proses-proses kritikal dan aliran perolehan Bank.
Sebagai sebahagian daripada strategi pemindahan risiko, Bank memperoleh perlindungan takaful dari pihak ketiga bagi melindungi Bank daripada peristiwa-peristiwa
kerugian berimpak tinggi.
Bank juga memastikan bahawa program kesedaran OR di seluruh Bank dijalankan secara berterusan. Program latihan ini merangkumi penekanan ke atas penerapan
budaya OR di kalangan kakitangan, pelaksanaan alat-alat ORM yang efektif, kesedaran mengenai penipuan, BCM dan aspek-aspek ORM lain.
Caj modal Risiko Operasi dihitung menggunakan BIA seperti dalam Garis Panduan CAFIB oleh BNM. BIA untuk penghitungan caj modal risiko operasi mengaplikasikan
alpha (15%) kepada purata pendapatan kasar positif yang dicapai dalam tiga tahun terdahulu oleh Kumpulan. Jumlah RWA dihitung dengan menggandakan modal
minimum yang diperlukan dengan penggandaan 12.5 (salingan 8%).
LEMBAGA PENGARAH
JAWATANKUASA (Pemantauan menyeluruh JAWATANKUASA
RISIKO ke atas struktur tadbir
MAJLIS PENGAWASAN SYARIAH AUDIT &
LEMBAGA urus Syariah & pematuhan
(Tanggungjawab pemantauan ke atas hal-hal PEMERIKSAAN
PENGARAH Syariah)
berkaitan Syariah)
PENGURUSAN
Memastikan pelaksanaan perniagaan & operasi mematuhi
prinsip-prinsip Syariah
Memberi sokongan sewajarnya kepada Jawatankuasa Syariah
Fungsi Kawalan Pengurusan Fungsi Penilaian Syariah: Fungsi Penyelidikan Syariah: Fungsi Audit Syariah:
Risiko Syariah: Menyemak operasi perniagaan Menjalankan penyelidikan Menyediakan penilaian bebas
Mengenalpasti, mengukur, secara kerap bagi memastikan Syariah yang mendalam sebelum & jaminan objektif khusus
memantau, melapor & mengawal pematuhan Syariah menyerahkannya kepada Majlis untuk menambah nilai &
risiko ketidakpatuhan Syariah Penasihat Syariah mempertingkatkan pematuhan
Syariah IFI
Bagi memastikan pematuhan Bank terhadap Syariah, Bank telah menggubal Dasar Pematuhan Syariah bagi menyampaikan rangka kerja tadbir urus Syariahnya yang
menyeluruh dalam memastikan bahawa keselarasan operasi dan aktiviti perniagaannya mematuhi peraturan dan prinsip Syariah, peruntukan Akta Perkhidmatan
Kewangan Islam (IFSA) 2013, SGF oleh BNM serta kaedah dan peraturan lain, dan resolusi Majlis Penasihat Syariah BNM dan Suruhanjaya Sekuriti (SC) serta Majlis
Pengawasan Syariah (MPS) Bank.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
350
PENDEDAHAN TUNGGAK 3
setakat 31 Disember 2014
Sebagai tambahan kepada Dasar Pematuhan Syariah, Bank juga telah mewujudkan Garis Panduan Pengurusan Risiko Pematuhan Syariah (SCRM) yang menggariskan
rangka kerja SCRM sebagai menyokong Dasar Pematuhan Syariah dan memperincikan proses-proses dan alat-alat SCRM. Garis panduan tersebut bertujuan menyediakan
satu rangka kerja yang konsisten untuk Bank menguruskan risiko-risiko pematuhan Syariah di seluruh Bank.
Bagi memastikan perancangan, pembangunan dan pelaksanaan produk-produk Bank adalah mematuhi peraturan dan prinsip-prinsip Syariah, Bank telah mengeluarkan
garis panduan kontrak Syariah yang berfungsi sebagai panduan piawai untuk kakitangan Bank dalam menguruskan produk-produk berasaskan kontrak-kontrak Syariah
tersebut.
Sejajar dengan definisi Risiko Operasi yang merangkumi Risiko Pematuhan Syariah (SCR) sebagai sebahagian daripada Risiko Operasi, pengurusan risiko Syariah mula
menggunakan proses-proses dan alat-alat Pengurusan Risiko Operasi dalam menguruskan risiko ketidakpatuhan Syariah di seluruh Bank.
Peristiwa-peristiwa Risiko Pematuhan Syariah (SCR) timbul daripada kegagalan Bank mematuhi peraturan-peraturan dan prinsip-prinsip Syariah yang telah ditetapkan
oleh majlis kawal selia Syariah yang berkaitan.
Bank telah mewujudkan rangka kerja dalaman bagi pelaporan SNC sejajar dengan mekanisme yang ditetapkan oleh BNM menerusi pekelilingnya mengenai Pelaporan
SNC yang digantikan oleh Kehendak Laporan Risiko Operasi Rangkaian Atas Talian Bersepadu Risiko Operasi (ORION) oleh BNM. Rangka kerja ini diwujudkan bagi
memastikan pematuhan kepada seksyen 28(3) Akta Perkhidmatan Kewangan Islam (IFSA) 2013 yang mengkehendaki sebarang peristiwa SNC dilaporkan segera
kepada BNM. Mengikut kehendak tersebut, Bank juga dikehendaki melaporkan sebarang kemungkinan peristiwa SNC kepada BNM pada setiap bulan.
Sepanjang 2014, berlaku tiga (3) peristiwa SNC yang dilaporkan ekoran kegagalan melaksanakan aqad seperti struktur produk yang diluluskan oleh MPS Bank.
Bagaimanapun, kesemua peristiwa ini tidak mengakibatkan penyahiktirafan pendapatan kerana kesemua peristiwa SNC tersebut berlaku dalam produk deposit yang
mana Bank tidak layak menerima sebarang keuntungan.
Bank, dari masa ke semasa, berusaha mengelakkan ketidakpatuhan Syariah yang serupa daripada berlaku semula dengan mengetatkan kawalan seperti menyemak
senarai tanda pematuhan Syariah, menjalankan inisiatif kesedaran serta meletakkan kawalan tambahan bagi memastikan pematuhan kepada kehendak Syariah.
RM3,360.01 RM50,713.42
Jumlah di atas merangkumi komisen daripada perniagaan peniaga kad tidak patuh Syariah, faedah yang diterima daripada akaun nostro Bank dan penulenan sewa
daripada tanah Bank yang digunakan bagi membantu urusniaga berasaskan bai inah. Pendapatan ini disalurkan untuk tujuan kebajikan setelah diluluskan oleh Majlis
Pengawasan Syariah.
P E N YATA K E WA N G A N 2 0 1 4 F I N A N C I A L S TAT E M E N T S
Muka surat ini sengaja dibiarkan kosong.
Bank Islam Malaysia Berhad (98127-X)
All information detailed in this Annual Report is correct at the time of printing.
Maklumat yang terkandung di dalam Laporan Tahunan ini adalah betul pada tarikh pencetakan.
www.bankislam.com.my
PENYATA KEWANGAN
2014 FINANCIAL STATEMENTS
PENYATA KEWANGAN 2014 FINANCIAL STATEMENTS