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MALAYAN BANKING BERHAD CONDENSED FINANCIAL …

Group31 December31 December31 December31 December2017201620172016 NoteRM'000RM'000RM'000RM'000 Interest incomeA215,559,054 5,287,279 22,056,334 20,940,499 Interest expenseA22(2,536,868) (2,375,894) (9,909,293) (9,582,029) Net interest income3,022,186 2,911,385 12,147,041 11,358,470 Income from Islamic BANKING Scheme operationsA40a1,235,608 1,165,351 4,900,251 4,189,242 Net earned insurance premiumsA231,433,762 1,192,473 5,250,890 4,444,057 Other operating incomeA251,598,109 1,367,389 6,027,304 6,289,283 Total operating income7,289,665 6,636,598 28,325,486 26,281,052 Net insurance benefits and claims incurred, net fee and commission expenses, change in expense liabilities and taxation of life and takaful fundA26(1,233,232) (595,309) (5,057,130) (4,107,909) Net operating income6,056,433 6,041,289 23,268,356 22,173,143 Overhead expensesA27(2,922,827) (2,606,813) (11,357,058) (10,487,156) Operating profit before impairment losses3,133,606 3,434,476 11,911,298 11,685,987 Allowances for impairment losses on loans, advances, financing and other debts, netA28(199,807) (615,743)

31 December 31 December 31 December 31 December 2017 2016 2017 2016 Note RM'000 ASSETS Cash and short-term funds 50,334,290 58,140,545 30,714,527 38,350,931 Deposits …

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Transcription of MALAYAN BANKING BERHAD CONDENSED FINANCIAL …

1 Group31 December31 December31 December31 December2017201620172016 NoteRM'000RM'000RM'000RM'000 Interest incomeA215,559,054 5,287,279 22,056,334 20,940,499 Interest expenseA22(2,536,868) (2,375,894) (9,909,293) (9,582,029) Net interest income3,022,186 2,911,385 12,147,041 11,358,470 Income from Islamic BANKING Scheme operationsA40a1,235,608 1,165,351 4,900,251 4,189,242 Net earned insurance premiumsA231,433,762 1,192,473 5,250,890 4,444,057 Other operating incomeA251,598,109 1,367,389 6,027,304 6,289,283 Total operating income7,289,665 6,636,598 28,325,486 26,281,052 Net insurance benefits and claims incurred, net fee and commission expenses, change in expense liabilities and taxation of life and takaful fundA26(1,233,232) (595,309) (5,057,130) (4,107,909) Net operating income6,056,433 6,041,289 23,268,356 22,173,143 Overhead expensesA27(2,922,827) (2,606,813) (11,357,058) (10,487,156) Operating profit before impairment losses3,133,606 3,434,476 11,911,298 11,685,987 Allowances for impairment losses on loans, advances, financing and other debts, netA28(199,807) (615,743) (1,959,060) (2,832,748) Allowances for impairment losseson FINANCIAL investments, netA29(39,937) (8,769) (68,762) (182,253)

2 Operating profit2,893,862 2,809,964 9,883,476 8,670,986 Share of profits in associates and joint ventures32,286 63,041 214,620 173,464 Profit before taxation and zakat2,926,148 2,873,005 10,098,096 8,844,450 Taxation and zakatB5(675,064) (422,932) (2,301,222) (1,880,558) Profit for the period/year2,251,084 2,450,073 7,796,874 6,963,892 Attributable to:Equity holders of the Bank2,132,099 2,360,598 7,520,542 6,742,992 Non-controlling interests118,985 89,475 276,332 220,900 2,251,084 2,450,073 7,796,874 6,963,892 Earnings per share attributable to equity holders of the BankB12 Basic senFully diluted senMALAYAN BANKING BERHAD (3813-K)(Incorporated in Malaysia) CONDENSED FINANCIAL STATEMENTS INCOME STATEMENTSFOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2017(Theseauditedcondensedinterimfinanci alstatementsshouldbereadinconjunctionwit htheauditedannualfinancialstatementsfort hefinancialyearended31 December2016andtheaccompanyingexplanator ynotesattached to these FINANCIAL statements)

3 Fourth Quarter EndedUnauditedAuditedCumulative 12 Months Ended1 Group31 December31 December31 December31 December2017201620172016RM'000RM'000RM'0 00RM'000 Profit for the period/year2,251,084 2,450,073 7,796,874 6,963,892 Other comprehensive income/(loss):Items that will not be reclassified subsequently to profit or loss:Defined benefit plan actuarial gain/(loss)13,194 12,217 15,806 (2,043) Income tax effect(2,804) (3,232) (2,846) (472) Share of change in associates' reserve- 48 - (10) 10,390 9,033 12,960 (2,525) Items that may be reclassified subsequently to profit or loss:Net (loss)/gain on FINANCIAL investments available-for-sale(176,580) (1,554,269) 430,576 319,941 Income tax effect42,453 380,056 (104,647) (82,871) Net (loss)/gain on foreign exchange translation(1,179,859) 1,298,580 (2,285,427) 1,310,802 Net gain/(loss) on cash flow hedge301 (123) (447) (1,157) Net gain/(loss) on net investment hedge 39,189 (54,511) 69,135 21,197 Net loss on revaluation reserve- (3,732) - (3,689) Share of change in associates' reserve(242,209) 188,838 (469,079) 41,941 (1,516,705) 254,839 (2,359,889) 1,606,164 Other comprehensive (loss)

4 /income for the period/year, net of tax(1,506,315) 263,872 (2,346,929) 1,603,639 Total comprehensive income for the period/year744,769 2,713,945 5,449,945 8,567,531 Other comprehensive (loss)/income for the period/year attributable to:Equity holders of the Bank(1,531,310) 282,037 (2,352,812) 1,595,032 Non-controlling interests24,995 (18,165) 5,883 8,607 (1,506,315) 263,872 (2,346,929) 1,603,639 Total comprehensive income for the period/year attributable to:Equity holders of the Bank600,789 2,642,635 5,167,730 8,338,024 Non-controlling interests143,980 71,310 282,215 229,507 744,769 2,713,945 5,449,945 8,567,531 FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2017 CONDENSED FINANCIAL STATEMENTSSTATEMENTS OF COMPREHENSIVE INCOME(Incorporated in Malaysia)Fourth Quarter Ended(Theseauditedcondensedinterimfinanc ialstatementsshouldbereadinconjunctionwi ththeauditedannualfinancialstatementsfor thefinancialyearended31 December2016andtheaccompanyingexplanator ynotesattached to these FINANCIAL statements)(3813-K)

5 MALAYAN BANKING BERHADC umulative 12 Months EndedUnauditedAudited2 Cumulative 12 Months EndedBank31 December31 December31 December31 December2017201620172016 NoteRM'000RM'000RM'000RM'000 Interest incomeA214,104,738 3,752,964 16,099,945 15,076,353 Interest expenseA22(1,904,132) (1,745,885) (7,306,999) (7,134,624) Net interest income2,200,606 2,007,079 8,792,946 7,941,729 Dividends from subsidiaries and associatesA2431,390 55,390 1,920,144 2,400,457 Other operating incomeA25929,438 1,195,363 3,681,248 4,272,439 960,828 1,250,753 5,601,392 6,672,896 Net operating income3,161,434 3,257,832 14,394,338 14,614,625 Overhead expensesA27(1,570,727) (1,278,770) (5,880,703) (5,339,639) Operating profit before impairment losses1,590,707 1,979,062 8,513,635 9,274,986 Allowances for impairment losses on loans, advances, financing and other debts, netA28(12,056) (559,749) (1,163,238) (1,787,868) Writeback of/(allowances for) impairment losses on FINANCIAL investments, netA292 125 2,217 (139,851) Profit before taxation and zakat1,578,653 1,419,438 7,352,614 7,347,267 Taxation and zakatB5(368,104) (73,144) (1,229,739) (924,623)

6 Profit for the period/year1,210,549 1,346,294 6,122,875 6,422,644 CONDENSED FINANCIAL STATEMENTS INCOME STATEMENTSF ourth Quarter Ended(Theseauditedcondensedinterimfinanc ialstatementsshouldbereadinconjunctionwi ththeauditedannualfinancialstatementsfor thefinancialyearended31 December2016andtheaccompanyingexplanator ynotesattached to these FINANCIAL statements)UnauditedAuditedMALAYAN BANKING BERHAD (3813-K)(Incorporated in Malaysia)FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 20173 Bank31 December31 December31 December31 December2017201620172016RM'000RM'000RM'0 00RM'000 Profit for the period/year1,210,549 1,346,294 6,122,875 6,422,644 Other comprehensive (loss)/income:Items that may be reclassified subsequently to profit or loss:Net (loss)/gain on FINANCIAL investments available-for-sale(165,991) (1,337,087) 444,901 203,432 Income tax effect39,779 321,357 (105,905) (55,913) Net (loss)/gain on foreign exchange translation(414,923) 394,004 (519,108) 333,369 Other comprehensive (loss)/income for the period/year, net of tax(541,135) (621,726) (180,112) 480,888 Total comprehensive income for the period/year669,414 724,568 5,942,763 6,903,532 Audited(Theseauditedcondensedinterimfina ncialstatementsshouldbereadinconjunction withtheauditedannualfinancialstatementsf orthefinancialyearended31 December2016andtheaccompanyingexplanator ynotesattached to these FINANCIAL statements)(3813-K)(Incorporated in Malaysia)

7 STATEMENTS OF COMPREHENSIVE INCOMEFOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2017 Fourth Quarter EndedCumulative 12 Months EndedCONDENSED FINANCIAL STATEMENTSMALAYAN BANKING BERHADU naudited431 December31 December 31 December31 December 2017201620172016 NoteRM'000RM'000RM'000RM'000 ASSETSCash and short-term funds50,334,290 58,140,545 30,714,527 38,350,931 Deposits and placements with FINANCIAL institutions16,988,391 13,444,630 21,382,493 19,339,287 FINANCIAL assets purchased under resaleagreements8,514,283 2,492,412 7,633,503 2,213,113 FINANCIAL assets at fair value through profit or lossA10(i)25,117,493 23,496,050 7,896,677 7,980,314 FINANCIAL investments available-for-saleA10(ii)109,070,244 92,384,834 89,286,739 74,904,201 FINANCIAL investments held-to-maturityA10(iii)20,184,773 15,021,597 17,763,565 12,582,311 Loans, advances and financingA11485,584,362 477,774,903 290,997,969 295,020,136 Derivative assetsA366,704,651 8,311,703 6,865,221 8,320,918 Reinsurance/retakaful assets and other insurance receivablesA123,933,772 4,139,596 - - Other assetsA139,698,140 10,525,560 4,801,397 5,603,512 Investment properties753,555 758,488 - - Statutory deposits with central banks15,397,213 15,384,134 7,746,700 7,530,325 Investment in subsidiaries- - 22,057,063 21,586,547 Interest in associates and joint ventures2,772,324 3,210,436 472,016 451,518 Property, plant and equipment2,635,018 2,595,497 1,165,908 1,290.

8 761 Intangible assets6,753,939 7,345,524 568,030 530,049 Deferred tax assets859,318 930,344 315,013 358,687 TOTAL ASSETS765,301,766 735,956,253 509,666,821 496,062,610 LIABILITIESC ustomers' funding:- Deposits from customersA14502,017,445 485,523,920 328,938,600 331,878,295 - Investment accounts of customers 1A40g24,555,445 31,544,587 - - Deposits and placements from financialinstitutionsA1542,598,131 30,854,693 37,645,134 29,856,710 Obligations on FINANCIAL assets sold under repurchase agreements5,367,086 2,957,951 5,189,316 2,957,951 Derivative liabilitiesA367,221,015 8,828,060 7,179,998 8,802,221 FINANCIAL liabilities at fair value through profit or lossA166,375,815 3,587,230 5,483,120 2,685,139 Bills and acceptances payable1,894,046 1,808,066 1,384,983 1,000,777 Insurance/takaful contract liabilities and other insurance payablesA18 25,118,843 23,948,719 - - Other liabilitiesA1919,179,140 17,288,306 16.

9 910,597 12,498,698 Recourse obligation on loans and financing sold to Cagamas1,543,501 974,588 1,543,501 974,588 Provision for taxation and zakat746,494 419,729 385,876 47,374 Deferred tax liabilities732,079 777,826 - - BorrowingsA17(i)34,505,618 34,867,056 27,106,442 28,927,427 Subordinated obligationsA17(ii)11,979,323 15,900,706 9,362,526 13,202,872 Capital securitiesA17(iii)6,284,180 6,199,993 6,284,180 6,225,926 TOTAL LIABILITIES690,118,161 665,481,430 447,414,273 439,057,978 1 Investment accounts of customers are used to fund financing and advances as disclosed in Note A40e(ii).BankGroupAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 CONDENSED FINANCIAL STATEMENTSMALAYAN BANKING BERHAD (3813-K)(Incorporated in Malaysia)531 December31 December 31 December31 December 2017201620172016 NoteRM'000RM'000RM'000RM'000 EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANKS hare capital44,250,380 10,193,200 44,250,380 10,193,200 Share premium- 28,878,703 - 28,878,703 Shares held-in-trust(183,438) (125,309) (183,438) (125,309)

10 Retained profits25,268,743 14,408,695 13,572,235 4,456,832 Reserves3,652,929 15,160,442 4,613,371 13,601,206 72,988,614 68,515,731 62,252,548 57,004,632 Non-controlling interests2,194,991 1,959,092 - - 75,183,605 70,474,823 62,252,548 57,004,632 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY765,301,766 735,956,253 509,666,821 496,062,610 COMMITMENTS AND CONTINGENCIESA34811,374,001 7


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