BANK MUAMALAT MALAYSIA BERHAD
Company No. 6175-W
(Incorporated in Malaysia)
UNAUDITED CONDENSED
FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED
30 JUNE 2015 (13 RAMADHAN 1436H)
Company No. 6175-W
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
Contents
Page
Statements of Financial Position
1
Statements of Comprehensive Income
2
Statements of Changes in Equity
4
Statements of Cashflows
6
Notes to the financial statements
9
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
INTERIM FINANCIAL STATEMENTS
UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2015 (13 Ramadhan 1436H)
Group
As at
As at
30.06.2015
31.03.2015
RM'000
RM'000
Note
Bank
As at
As at
30.06.2015
31.03.2015
RM'000
RM'000
ASSETS
Cash and short-term funds
Cash and placements with financial institutions
Financial investments designated at fair value
through profit or loss
Financial investments available-for-sale
Financial investments held-to-maturity
Islamic derivative financial assets
Financing of customers
Other assets
Statutory deposits with Bank Negara Malaysia
Investment in subsidiaries
Investment properties
Intangible assets
Property, plant and equipment
Prepaid land lease payment
Deferred tax assets
Total assets
252,105
30,177
1,115,809
111,135
252,105
30,177
1,115,809
111,135
126,532
5,706,704
139,203
46,735
13,742,190
95,880
766,991
8,477
125,611
67,856
237
21,108,698
118,657
6,435,479
139,042
44,378
13,414,670
96,462
757,721
8,047
127,179
69,218
239
22,438,036
122,432
5,706,704
139,203
46,735
13,746,574
92,850
766,991
6,384
8,477
124,907
67,750
237
21,111,526
114,557
6,435,479
139,042
44,378
13,425,853
95,713
757,721
6,384
8,047
126,426
69,103
239
22,449,886
9
18,217,368
19,544,549
18,232,320
19,566,609
10
488,735
23,363
41,413
42,321
1,739
21,160
400,901
19,237,000
408,836
67,723
46,193
86,538
4,501
18,947
406,055
20,583,342
488,735
23,363
41,413
41,867
1,215
21,160
400,901
19,250,974
408,836
67,723
46,193
87,071
3,436
18,947
406,055
20,604,870
1,195,000
676,698
1,871,698
1,195,000
659,694
1,854,694
1,195,000
665,552
1,860,552
1,195,000
650,016
1,845,016
21,108,698
22,438,036
21,111,526
22,449,886
8,724,925
9,455,311
8,724,925
9,455,311
4(a)
4(b)
4(c)
5
6
7
8
LIABILITIES
Deposits from customers
Deposits and placements of banks and other
financial institutions
Bills and acceptances payable
Islamic derivative financial liabilities
Other liabilities
Provision for zakat and taxation
Deferred tax liabilities
Subordinated sukuk
Total liabilities
5
11
12
13
SHAREHOLDERS' EQUITY
Share capital
Reserves
Total shareholders' equity
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY
COMMITMENTS AND
CONTINGENCIES
24
CAPITAL ADEQUACY *
CET 1 Capital Ratio
Total capital ratio
25
25
13.08%
15.64%
13.33%
16.12%
13.03%
15.60%
13.27%
16.07%
* The capital adequacy ratios are computed after taking into account the credit, market and operational risks.
The unaudited condensed financial statements should be read in conjunction with the audited financial statements of the Group
and the Bank for the financial year ended 31 March 2015.
1
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
INTERIM FINANCIAL STATEMENTS
INCOME STATEMENTS
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Group
Note
Income derived from investment
of depositors' funds and others
Income derived from investment
of shareholders' funds
Allowance for impairment on
financing
Impairment writeback on
investments
Other expenses directly attributable
to the investment of the depositors
and shareholders' funds
Total distributable income
Income attributable to depositors
Total net income
Personnel expenses
Other overheads and expenditures
Finance cost
Profit before zakat and taxation
Zakat
Taxation
Profit for the period
30 June
2015
RM'000
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
14
267,155
259,414
267,155
259,414
15
29,262
12,972
26,668
11,252
16
(18,144)
(23,104)
(18,144)
(23,104)
17
-
(3,780)
274,493
(141,670)
132,823
(49,903)
(39,776)
(5,145)
37,999
(949)
(12,446)
24,604
18
19
20
21
22
Earnings per share (sen):
Basic
2.1
28,621
(2,391)
275,512
(116,002)
159,510
(62,136)
(38,420)
(5,263)
53,691
(1,385)
(7,042)
45,263
-
(3,780)
271,899
(141,722)
130,177
(49,293)
(39,742)
(5,145)
35,997
(900)
(11,961)
23,136
28,621
(2,391)
273,792
(116,046)
157,746
(61,431)
(38,515)
(5,263)
52,537
(1,313)
(6,918)
44,305
3.8
The unaudited condensed financial statements should be read in conjunction with the audited financial
statements of the Group and the Bank for the financial year ended 31 March 2015.
2
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
INTERIM FINANCIAL STATEMENTS
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Group
30 June
2015
RM'000
Profit for the period
24,604
Bank
30 June
2014
RM'000
45,263
30 June
2015
RM'000
23,136
30 June
2014
RM'000
44,305
Other comprehensive income/(loss):
Items that may be reclassified
subsequently to profit or loss
Net unrealised loss
revaluation of financial investment
available-for-sale
Income tax relating to components of
other comprehensive income
Exchange fluctuation reserve
Other comprehensive income/(loss)
for the year, net of tax
Total comprehensive income
for the year
(9,375)
(123)
(9,375)
(123)
2,252
(477)
123
382
2,252
(477)
123
382
(7,600)
382
(7,600)
382
17,004
45,645
15,536
44,687
The unaudited condensed financial statements should be read in conjunction with the audited financial
statements of the Group and the Bank for the financial year ended 31 March 2015.
3
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
INTERIM FINANCIAL STATEMENTS
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Share Capital
Non-distributable
Exchange
fluctuation
reserve
RM'000
Distributable
Availablefor-sale
reserve
RM'000
Ordinary
shares
RM'000
Statutory
reserve*
RM'000
At 1 April 2015
Profit for the period
Other comprehensive income for the period
Total comprehensive income for the period
Transfer to statutory reserve
At 30 June 2015
1,195,000
1,195,000
515,612
11,568
527,180
(584)
(477)
(477)
(1,061)
(10,592)
(7,123)
(7,123)
(17,715)
155,258
24,604
24,604
(11,568)
168,294
1,854,694
24,604
(7,600)
17,004
1,871,698
At 1 April 2014
Profit for the period
Other comprehensive income for the period
Total comprehensive income for the period
Transfer to statutory reserve
At 30 June 2014
1,195,000
1,195,000
473,705
22,152
495,857
(787)
382
382
(406)
(30,227)
(30,227)
107,885
45,263
45,263
(22,152)
130,996
1,745,576
45,263
382
45,645
1,791,221
Group
Note
Retained
profits
RM'000
Total
Equity
RM'000
* The statutory reserve is maintained in compliance with BNM Guideline of Capital Funds for Islamic Banks and is not distributable as dividends.
The unaudited condensed financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the financial
year ended 31 March 2015.
4
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
INTERIM FINANCIAL STATEMENTS
UNAUDITED STATEMENT OF CHANGES IN EQUITY
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Share Capital
Non-distributable
Exchange
fluctuation
reserve
RM'000
Distributable
Availablefor-sale
reserve
RM'000
Ordinary
shares
RM'000
Statutory
reserve*
RM'000
At 1 April 2015
Profit for the period
Other comprehensive income for the period
Total comprehensive income for the period
Transfer to statutory reserve
Dividend paid during the period
Issued during the period
1,195,000
-
514,015
11,568
-
(584)
(477)
(477)
-
(10,592)
(7,123)
(7,123)
-
147,177
23,136
23,136
(11,568)
-
1,845,016
23,136
(7,600)
15,536
-
At 30 June 2015
1,195,000
525,583
(1,061)
(17,715)
158,745
1,860,552
At 1 April 2014
Profit for the period
Other comprehensive income for the period
Total comprehensive income for the period
Transfer to statutory reserve
At 30 June 2014
1,195,000
1,195,000
472,108
22,152
494,260
(787)
382
382
(406)
(30,227)
(30,227)
105,269
44,305
44,305
(22,152)
127,422
1,741,363
44,305
382
44,687
1,786,050
Bank
Note
Retained
profits
RM'000
Total
Equity
RM'000
* The statutory reserve is maintained in compliance with BNM Guideline of Capital Funds for Islamic Banks and is not distributable as dividends.
The unaudited condensed financial statements should be read in conjunction with the audited financial statements of the Group and the Bank for the financial
year ended 31 March 2015.
5
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
STATEMENTS OF CASH FLOWS
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Group
30 June
2015
RM'000
Cash flows from operating
activities
Profit before zakat and taxation
Adjustment for :
Amortisation of prepaid land
and lease payment
Amortisation of intangible asset
Depreciation of property, plant
and equipment
Loss on disposal of property,
plant and equipment
Amortisation/ (accretion of discount)
of premium, net
Net gain from sale of financial
investment available-for-sale
Net gain from sale of financial
investment held-for-trading
Net gain on revaluation of
foreign exchange transaction
Net (gain)/loss from foreign
exchange derivatives
Unrealised gain on revaluation of
islamic profit rate swap
Unrealised gain on revaluation of
hedged items
Impairment writeback on
investments securities
Allowance for impairment
on financing
Financing written off
Finance cost
Gross dividend income
Operating profit before
working capital changes
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
37,999
53,690
35,997
52,536
1
5,477
1
1,516
1
5,429
1
1,471
5,357
4,410
5,347
4,402
-
1
-
1
918
(2,293)
918
(2,293)
(2,759)
(1,741)
(2,759)
(1,741)
(260)
(134)
(260)
(134)
(4,006)
(6,803)
(4,006)
(6,803)
(958)
6,826
(958)
6,826
(6,178)
(1,195)
(6,178)
(1,195)
(4,955)
(443)
(4,955)
(443)
-
(28,621)
-
(28,621)
18,864
1,104
5,145
(1,612)
37,465
1,042
5,263
(1,612)
18,864
1,104
5,145
(1,612)
37,465
1,042
5,263
(1,612)
54,138
67,372
52,078
66,165
6
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
STATEMENTS OF CASH FLOWS
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Group
30 June
2015
RM'000
(Increase)/decrease in operating
assets:
Financial investment portfolio
Islamic derivative financial assets
Financing of customers
Statutory deposits with Bank
Negara Malaysia
Other assets
Increase/(decrease) in operating
liabilities:
Deposits from customers
Deposits and placements of banks
and other financial institutions
Islamic derivative financial liabilities
Bills and acceptances
payable
Other liabilities
Cash generated used in operations
Zakat paid
Tax paid
Net cash generated used in
operating activities
Cash flows from investing
activities
Proceeds from disposal of financial
investment securities
Purchase of financial investment
securities
Purchase of property, plant
and equipment
Purchase of intangible asset
Purchase of investment properties
Dividend income
Net cash generated from/(used in)
investing activities
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
535
4,779
(342,532)
81,808
(6,122)
(297,487)
535
4,779
(335,733)
81,808
(6,122)
(297,843)
(9,270)
(5,197)
(27,000)
10,891
(9,270)
(2,917)
(27,000)
12,451
(1,327,181)
(905,557)
(1,334,289)
(905,036)
79,899
(4,780)
846,520
6,121
79,899
(4,780)
846,520
6,121
(44,360)
(44,218)
(1,638,187)
(3,121)
(1,513)
(73,425)
167,797
(129,082)
(5,137)
(8,107)
(44,360)
(45,204)
(1,639,262)
(3,121)
(438)
(73,425)
167,058
(129,303)
(5,137)
(7,886)
(1,642,821)
(142,326)
(1,642,821)
(142,326)
3,557,888
1,747,145
3,557,888
1,747,145
(2,842,706)
(2,193,793)
(2,842,706)
(2,193,793)
(3,995)
(3,910)
(430)
1,612
(4,738)
(13,977)
1,612
(3,995)
(3,910)
(430)
1,612
(4,738)
(13,977)
1,612
708,459
7
(463,751)
708,459
(463,751)
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
STATEMENTS OF CASH FLOWS
FOR THE FIRST QUARTER ENDED 30 JUNE 2015 (13 Ramadhan 1436H)
Group
30 June
2015
RM'000
Cash flows from financing activities
Dividend paid on subordinated
sukuk
Net cash used in financing
activities
Net decrease in cash and
cash equivalents
Cash and cash equivalents
at beginning of the period
Cash and cash equivalents
at end of the period
Cash and cash equivalents
consist of:
Cash and short term funds
Cash and placements with
financial institutions
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
(10,300)
(10,243)
(10,300)
(10,243)
(10,300)
(10,243)
(10,300)
(10,243)
(944,662)
(616,320)
(944,662)
(616,320)
1,226,944
1,087,047
1,226,944
1,087,047
282,282
470,727
282,282
470,727
252,105
448,250
252,105
448,250
30,177
282,282
22,477
470,727
30,177
282,282
22,477
470,727
The unaudited condensed financial statements should be read in conjunction with the audited financial
statements of the Group and the Bank for the financial year ended 31 March 2015.
8
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
NOTES TO INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 30 JUNE 2015
(13 RAMADHAN 1436H)
1. Basis of Preparation
The unaudited condensed financial statements for the first financial quarter ended 30 June 2015 of Bank
Muamalat Malaysia Berhad ("BMMB" or "the Bank") and its subsidiaries (the "Group") have been prepared in
accordance with the Malaysian Financial Reporting Standards (“MFRS”), International Financial Reporting
Standards ("IFRS"), and the requirements of the Companies Act, 1965 in Malaysia.
The financial statements are presented in Ringgit Malaysia ("RM") and rounded to the nearest thousand
(RM'000) except when otherwise indicated.
The financial statements of the Group and of the Bank are prepared under the historical cost basis except for
the following assets and liabilities that are stated at fair values: financial investment available-for sale, financial
assets at fair value through profit or loss and islamic derivative financial instruments.
The Group and the Bank present the statements of financial position in order of liquidity.
These condensed consolidated interim financial statements, for the period ended 30 June 2015 have been
prepared in accordance with MRFS 134 Interim Financial Reporting. These condensed consolidated interim
financial statements also comply with IAS 34 Interim Financial Reporting issued by the International
Accounting Standards Board, Bank Negara Malaysia Guidelines (BNM/GP8-i) and the principles of Shariah.
The unaudited condensed financial statements should be read in conjunction with the audited financial
statements of the Bank for the financial year ended 31 March 2015. The explanatory notes attached to these
condensed consolidated interim financial statements provide an explanation of events and transactions that
are significant to an understanding of the changes in the financial position and performance of the Group and
the Bank since the year ended 31 March 2015.
The significant accounting policies and methods of computation applied by the Bank are consistent with those
adopted in the most recent audited financial statements for the year ended 31 March 2015 except for adoption
of the following MFRSs and Interpretations of the Issues Committee ("IC Interpretations") with effective dates
as follows:
Effective for annual periods commencing on or after 1 January 2016
- Equity Method in Separate Financial Statements (Amendments to MFRS 127)
- Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
(Amendments to MFRS 10 and MFRS 128)
- Amendments to MFRSs contained in the document entitled "Annual Improvements to
MFRSs 2012–2014 Cycle"
- Disclosure Initiative (Amendments to MFRS 101)
- Investment Entities: Applying the Consolidation Exception (Amendments to MFRS 10, MFRS 12
and MFRS 128)
Effective for annual periods commencing on or after 1 January 2017
- MFRS 15 Revenue from Contracts with Customers
Effective for annual periods commencing on or after 1 January 2018
- MFRS 9 Financial Instruments (2014)
The amendments to MFRS 127 allow an entity to use the equity method in its separate financial statement to
account for investments in subsidiary companies, joint ventures and associated companies, in addition to the
existing cost method. The adoption of these amendments is not expected to have any impact on the financial
statement of the Bank as the Bank will continue to use its existing cost method to account for its investment in
an associated company.
9
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
1. Basis of Preparation (cont'd)
The amendments to MFRS 10 and MFRS 128 address the inconsistency between the requirements of MFRS
10 and MFRS 128 and clarify that in a transaction involving an associate or joint venture, the extent of gain or
loss recognition depends on whether the assets sold or contributed constitute a business. The adoption of
these amendments is not expected to have any material impact on the financial statements of the Bank.
The Annual Improvements to MFRSs 2012 – 2014 Cycle consist of the following amendments:
a) MFRS 5 Non-current Assets Held for Sale and Discontinued Operations
The amendment introduces specific guidance in MFRS 5 for cases in which an entity reclassifies an asset
from held for sale to held for distribution or vice versa and cases in which held-for-distribution is
discontinued. The amendment clarifies that changing from one of these disposal methods to the other
should not be considered to be a new plan of disposal and that changing the disposal method does not
change the date of classification.
b) MFRS 7 Financial Instruments: Disclosures
MFRS 7 requires an entity to provide disclosures for any continuing involvement in a transferred asset that
is derecognised in its entirety. The amendment clarifies that a servicing contract that includes a fee can
constitute continuing involvement in a financial asset and an entity must assess the nature of the fee and
arrangement in order to assess whether the disclosures are required.
The amendments also clarify the applicability of the amendments to MFRS 7 on offsetting disclosures to
condensed interim financial statements.
c) MFRS 119 Employee Benefits
The amendment clarifies that the high quality corporate bonds used to estimate the discount rate for
postemployment benefit obligations should be denominated in the same currency as the liability. When
there is no deep market for high quality corporate bonds, government bonds denominated in similar
currency must be used.
d) MFRS 134 Interim Financial Reporting
The amendment clarifies the meaning of 'elsewhere in the interim financial report' as used in MFRS 134
and states that the required interim disclosures must either be in the interim financial statements or
incorporated by cross-reference between the interim financial statements and some other statement that is
available to users of the financial statements on the same terms and at the same time.
The adoption of the Annual Improvements to MFRSs 2012 – 2014 Cycle is not expected to have any material
impact on the financial statements of the Bank.
The amendments to MFRS 101 aim to improve the presentation and disclosure in the financial statements and
are designed to encourage companies to apply professional judgement in determining what information to
disclose and how to structure it in their financial statements. Since the amendments only affect disclosures, the
adoption of these amendments is not expected to have any financial impact on the Bank.
10
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
1. Basis of Preparation (cont'd)
The amendments to MFRS 10, MFRS 12 and MFRS 128 address issues that have arisen in the application of
the consolidation exception for investment entities and provide relief in certain circumstances. The
amendments clarify the exemption from preparing consolidated financial statements for an intermediate parent
entity, a subsidiary providing services that support parent's investment activities, application of the equity
method by a non-investment entity that has an interest in an associate or joint venture that is an investment
entity, and the disclosures required. The adoption of these amendments is not expected to have any impact on
the financial statements of the Bank.
MFRS 15 Revenue from Contracts with Customers
MFRS 15 establishes principles that an entity shall apply to report useful information about the nature, amount,
timing and uncertainty of revenue and cash flows arising from a contract with customers. The core
principle of MFRS 15 is that an entity recognises revenue in a manner which reflects the consideration an
entity expects to be entitled in exchange for goods or services. The adoption of MFRS 15 is not expected to
have any material impact on the financial statements of the Bank.
MFRS 9 Financial Instruments (2014)
This final version of MFRS 9 replaces all previous versions of MFRS 9. Retrospective application is required,
but comparative information is not compulsory. The standard introduces new requirements for classification
and measurement of financial instruments, impairment of financial assets and hedge accounting. The
approach for classification of financial assets is driven by cash flow characteristics and the business model in
which an asset is held with two measurement categories – amortised cost and fair value. For impairment,
MFRS 9 introduces an expected-loss impairment model which will require more timely recognition of expected
credit losses to reflect changes of credit risk of financial instruments. For hedge accounting, MFRS 9
establishes a more principle-based approach that aligns the accounting treatment with risk management
activities so that entities can reflect these activities in their financial statements. The standard does not
explicitly address macro hedge accounting, which is being considered in a separate project.
MFRS 9 introduces significant changes in the way the Bank accounts for financial instruments. Due to the
complexity of the standard and its requirements, the financial effects of its adoption are still being assessed by
the Bank.
Guidance issued by Bank Negara Malaysia ("BNM")
On 4 February 2014, Bank Negara Malaysia ("BNM") issued a letter requiring banking institutions to maintain,
in aggregate, collective impairment allowance and regulatory reserve of no less than 1.20% of total
outstanding financing, net of individual impairment allowance, pursuant to paragraph 13 of the BNM's Policy
Document on Classification and Impairment Provisions for Loans/Financing. The regulatory reserve is
maintained in addition to the collective impairment allowance required under MFRS, and it will be set aside
from the retained profits to a seperate reserve within equity as an additional credit risk absorbent. Banking
institutions are required to comply with this requirement by 31 December 2015. The adoption of this new
regulatory requirement is not expected to have any financial impact to the profit or loss of the Bank.
11
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
1. Basis of Preparation (cont'd)
2. Auditors' Report on Preceding Annual Financial Statements
The auditors' report on the audited annual financial statements for the financial year ended 31 March 2015 was
not qualified.
3. Performance Review and Outlook
PERFORMANCE REVIEW
The Group posted an unaudited profit before zakat and taxation of RM43.8 million for the three months period
ended 30 June 2015, 18.5% lower from the previous corresponding period in 2014. The Group's recorded a
higher income from investment of depositor's and shareholders funds by RM24.0 million (8.8% growth year-onyear). In addition, the Bank contained its overhead expenses which recorded lower by RM9.9 million as
compared to the same period last year.
The income attributable to depositors increased by RM25.7 million or 22.1% in line with increase in deposit
base by RM1.2 billion in the previous corresponding quarter.
Total assets of the Group stood at RM21.1 billion, lower from RM20.1 billion registered in March 2015 mainly
contributed by the lower cash and short-term funds, in line with the lower deposit from customers and lower
financial investments available-for-sale.
OUTLOOK
Global economic recovery is anticipated to continue in 2015 although at moderate pace with the rate of growth
varying across regions and countries. Although improvement is apparent in the US economy, slower paced
growth can be seen across the Euro area and Japan, while China, the emerging Asia’s growth engine,
recorded moderate growth as the country continued to rebalance its economy.
Despite the continuous challenging external environment, Malaysia is expected to maintain its growth at a
steady pace with real gross domestic product (GDP) likely to be within 4.5%-5.5%, lower than last year’s
growth of 6.0%. The slump in global oil prices is expected to slightly affect domestic export growth as well as
investment in the oil and gas industry. The Malaysian economy remains supported by continuous
implementation of the projects under the Economic Transformation Programme as well as major infrastructure
projects together with the revised 2015 Budget measures that aim to further sustain the development and the
resilience of the domestic economy. While private consumption is expected to moderate further with the
implementation of Goods and Services Tax (GST) in April 2015, it will be partially offset by stable labour
market and Government measures to assist low and middle income households.
The Islamic banking sector continues to be healthy and further strengthened supported by several initiatives
that aim to further enhance the vibrancy of the market and is expected to facilitate the Malaysian banking
growth as the Group believes the demand for these financial services will continue to be robust. The Islamic
banking industry is further enhanced with the introduction of the ASEAN Banking Integration Framework that
will pave way for a more integrated banking sector within the ASEAN region, another effort in realising the
vision of a single market for goods and services under the ASEAN Economic Community.
Looking ahead, the Group will further strengthen its efforts to increase its deposits base with current and
savings account remaining the priority. Focus to enhance non-financing income contribution will also continue
in the areas of trade finance, treasury activities, investment banking and Ar-rahnu.
In line with the government’s aspiration to develop Small and Medium Enterprises (SME) sector, the Group will
continue to improvise its product and service delivery to cater to the needs and expectations of the SMEs.
12
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
4. Financial Investments
Group
30 June
31 March
2015
2015
RM'000
RM'000
30 June
2015
RM'000
Bank
31 March
2015
RM'000
(a) Financial investments designated at fair value
through profit or loss
Unquoted securities in Malaysia:
Private equity funds
Malaysian government investment certificates
Islamic private debt securities in Malaysia
126,532
2
126,534
118,654
2
1
118,657
122,432
2
122,434
114,554
2
1
114,557
(b) Available-for-sale
At fair value, or at cost less impairment losses for certain financial investments:
At fair value
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
Government securities and treasury bills:
Malaysian government investment certificates
2,768,707
2,968,370
95,187
67,581
Quoted securities in Malaysia:
Quoted shares
Unquoted securities:
Islamic private debt securities in Malaysia
Cagamas bonds
Foreign Islamic private debt securities and sukuk
Accumulated impairment loss
At cost
Unquoted securities:
Shares in Malaysia
Total available-for-sale securities
2,801,748
68,062
32,298
2,902,108
(64,429)
5,701,573
3,273,616
149,626
35,438
3,458,680
(64,358)
6,430,273
5,131
5,706,704
5,206
6,435,479
(c) Held-to-maturity
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
At amortised cost
Unquoted Islamic private debt securities in Malaysia
13
139,203
139,042
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
5. Islamic Derivative Financial Instruments
The table below shows the fair values of derivative financial instruments, recorded as assets or liabilities, together
with their notional amounts. The notional amount, recorded gross, is the amount of a derivative's underlying asset,
reference rate or index and is the basis upon which changes in the value of derivatives are measured. The
notional amounts indicate the volume of transactions outstanding at the period end and are indicative of neither
the market risk nor the credit risk.
Group and Bank
30 June 2015
Contract/
notional
amount
RM'000
Trading derivatives:
Foreign exchange contracts
- Currency forwards
Less than one year
- Currency swaps
Less than one year
- Currency spot
Less than one year
- Dual currency investment option
Islamic profit rate swap (IPRS)
Unhedged IPRS
Islamic Profit Rate Swap (IPRS)
Hedged IPRS
Total
Fair value
Assets Liabilities
RM'000
RM'000
31 March 2015
Contract/
Notional
Fair value
Amount Assets Liabilities
RM'000 RM'000
RM'000
491,895
35,021
(846)
388,499
33,163
(1,166)
1,016,105
11,373
(35,541)
1,489,564
10,901
(33,758)
152,176
1,660,176
339
2
46,735
(396)
(2)
(36,785)
303,052
2,181,115
313
1
44,378
(461)
(1)
(35,386)
2,175,000
-
(2,088)
3,675,000
-
(10,807)
1,500,000
-
(2,540)
-
-
5,335,176
46,735
(41,413)
5,856,115
44,378
14
(46,193)
6175-W
DRAFT
30/09/2015
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
6. Financing of Customers
(i) By type and Shariah concepts
Group
30 June 2015
Cash line
Term financing:
Home financing
Syndicated financing
Hire purchase receivables
Leasing receivables
Other term financing
Trust receipts
Claims on customers
under acceptance credits
Staff financing
Revolving credit
Sukuk
Ar-Rahnu
Less : Unearned income
Gross financing
Less : Allowance for impaired financing
Collective assessment
Individual assessment
Total net financing
Ijarah
RM'000
Ijarah
Thumma
Al-Bai
RM'000
Inah
RM'000
Tawarruq
RM'000
Bai'
Al-Dayn
RM'000
888
7,439,009
1,317,713
105,468
8,863,078
(5,540,422)
3,322,656
12,345
51,041
63,386
63,386
1,196,472
1,196,472
(161,452)
1,035,020
18,112
610,971
629,083
(95,840)
533,243
791,128
6,239,144
808,554
6,522,967
59,298
1,234,754
15,655,845
(7,746,308)
7,909,537
955
707,130
708,085
(6,899)
701,186
22,933
50,858
407
99,212
173,410
(154)
173,256
9,572
243,871
1,497
254,940
(100,389)
154,551
(96,536)
(617)
-
(50,876)
(3,759)
(2,606)
-
(99,623)
(1,958)
(1,815)
(34,371)
(1,009)
(10,472)
(167)
(15)
665,000
161,775
Bai'
Bithaman Ajil
RM'000
3,225,503
63,386
980,385
530,637
7,807,956
Murabahah
RM'000
Istisna'
RM'000
154,369
Shirkah
Mutanaqisah
RM'000
Shirkah
Al Milk
RM'000
Rahnu
RM'000
400
2,197
2,597
(8)
2,589
97,087
97,087
97,087
-
50,400
50,400
50,400
(48)
(400)
6,000
-
(2,449)
-
103,087
-
47,951
Qard
RM'000
2,141
Total
financing
RM'000
810,128
13,687,725
831,487
1,196,472
12,345
8,793,009
51,813
707,537
168,460
1,234,754
150,253
50,400
27,694,383
(13,651,472)
14,042,911
(255,129)
(45,592)
13,742,190
6175-W
DRAFT
30/09/2015
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
6. Financing of Customers (cont'd.)
(i) By type and Shariah concepts (cont'd.)
Group
31 March 2015
Cash line
Term financing:
Home financing
Syndicated financing
Hire purchase receivables
Leasing receivables
Other term financing
Trust receipts
Claims on customers
under acceptance credits
Staff financing
Revolving credit
Sukuk
Ar-Rahnu
Less : Unearned income
Gross financing
Less : Allowance for impaired financing
Collective assessment
Individual assessment
Total net financing
Bai'
Bithaman Ajil
RM'000
Ijarah
RM'000
Ijarah
Thumma
Al-Bai
RM'000
Inah
RM'000
Tawarruq
RM'000
Bai'
Al-Dayn
RM'000
Murabahah
RM'000
Istisna'
RM'000
Qard
RM'000
Shirkah
Mutanaqisah
RM'000
Shirkah
Al Milk
RM'000
Rahnu
RM'000
Total
financing
RM'000
922
-
-
18,274
809,011
-
-
-
-
-
-
-
828,207
7,572,097
1,359,910
-
12,596
-
1,245,318
-
628,228
-
5,666,687
774,016
6,253,410
-
-
6,894
51,295
6,983
254,969
-
400
-
89,315
-
20,000
-
-
13,245,767
780,910
1,245,318
12,596
8,606,232
51,295
110,907
9,043,836
(5,640,774)
3,403,062
50,270
62,866
62,866
1,245,318
(170,871)
1,074,447
646,502
(106,949)
539,553
48,179
1,067,892
14,619,195
(7,230,815)
7,388,380
761,607
761,607
(6,458)
755,149
97,791
155,980
(610)
155,370
1,412
263,364
(102,733)
160,631
456
856
(8)
848
89,315
89,315
20,000
20,000
46,907
46,907
46,907
(93,099)
(732)
-
(46,057)
-
(2,536)
-
(91,843)
(23,327)
(1,733)
(13,412)
(775)
(4,746)
(33)
(14)
(336)
(6,400)
6,000
-
(5,888)
95,315
20,000
3,309,231
62,866
1,028,390
537,017
7,273,210
740,004
149,849
160,584
(2,815)
44,092
761,607
160,954
1,067,892
148,061
46,907
26,955,746
(13,259,218)
13,696,528
(239,227)
(42,631)
13,414,670
6175-W
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
6.
DRAFT
30/09/2015
Financing of Customers (cont'd.)
(i)
By type and Shariah concepts (cont'd.)
Bank
30 June 2015
Cash line
Term financing:
Home financing
Syndicated financing
Hire purchase receivables
Leasing receivables
Other term financing
Trust receipts
Claims on customers
under acceptance credits
Staff financing
Revolving credit
Sukuk
Ar-Rahnu
Less : Unearned income
Gross financing
Less : Allowance for impaired financing
Collective assessment
Individual assessment
Total net financing
Bai'
Bithaman Ajil
RM'000
888
Ijarah
RM'000
-
Ijarah
Thumma
Al-Bai
RM'000
-
Inah
RM'000
18,112
Tawarruq
RM'000
Bai'
Al-Dayn
RM'000
791,128
-
Murabahah
RM'000
-
Istisna'
RM'000
Qard
RM'000
Rahnu
RM'000
Total
financing
RM'000
-
-
-
810,128
7,439,009
1,317,713
105,468
8,863,078
(5,540,422)
3,322,656
12,345
51,041
63,386
63,386
1,196,472
1,196,472
(161,452)
1,035,020
610,971
629,083
(95,840)
533,243
6,239,144
808,554
6,522,968
59,298
1,234,754
15,655,846
(7,746,308)
7,909,538
955
707,130
708,085
(6,899)
701,186
22,933
50,858
407
99,212
173,410
(154)
173,256
9,572
243,871
1,497
254,940
(100,389)
154,551
107,870
2,197
110,067
(8)
110,059
(96,536)
(617)
-
(50,876)
(3,759)
(2,606)
-
(99,623)
(1,958)
(1,815)
(34,371)
(1,009)
(10,472)
(167)
(15)
(48)
(400)
665,000
161,775
3,225,503
63,386
980,385
530,637
7,807,957
154,369
109,611
50,400
50,400
50,400
(2,449)
47,951
13,687,725
831,487
1,196,472
12,345
8,803,393
51,813
707,537
168,460
1,234,754
150,253
50,400
27,704,767
(13,651,472)
14,053,295
(255,129)
(51,592)
13,746,574
6175-W
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
6.
DRAFT
30/09/2015
Financing of Customers (cont'd.)
(i)
By type and Shariah concepts (cont'd.)
Bank
31 March 2015
Cash line
Term financing:
Home financing
Syndicated financing
Hire purchase receivables
Leasing receivables
Other term financing
Trust receipts
Claims on customers
under acceptance credits
Staff financing
Revolving credit
Sukuk
Ar-Rahnu
Less : Unearned income
Gross financing
Less : Allowance for impaired financing
Collective assessment
Individual assessment
Total net financing
Bai'
Bithaman Ajil
RM'000
Ijarah
RM'000
Ijarah
Thumma
Al-Bai
RM'000
Inah
RM'000
Tawarruq
RM'000
Bai'
Al-Dayn
RM'000
Murabahah
RM'000
Istisna'
RM'000
Qard
RM'000
Rahnu
RM'000
Total
financing
RM'000
922
-
-
18,274
809,011
-
-
-
-
-
828,207
7,572,097
1,359,910
-
12,596
-
1,245,318
-
628,228
-
5,666,687
774,016
6,253,410
-
-
6,894
51,295
6,983
254,969
-
126,898
-
-
13,245,767
780,910
1,245,318
12,596
8,623,415
51,295
110,907
9,043,836
(5,640,774)
3,403,062
50,270
62,866
62,866
1,245,318
(170,871)
1,074,447
646,502
(106,949)
539,553
48,179
1,067,892
14,619,195
(7,230,815)
7,388,380
761,607
761,607
(6,458)
755,149
97,791
155,980
(610)
155,370
1,412
263,364
(102,733)
160,631
456
127,354
(8)
127,346
(93,099)
(732)
-
(46,057)
-
(2,536)
-
(91,843)
(23,327)
(1,733)
(13,412)
(775)
(4,746)
(33)
(14)
(336)
(6,400)
3,309,231
62,866
1,028,390
537,017
7,273,210
740,004
149,849
160,584
120,610
46,907
46,907
46,907
(2,815)
44,092
761,607
160,954
1,067,892
148,061
46,907
26,972,929
(13,259,218)
13,713,711
(239,227)
(48,631)
13,425,853
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
6. Financing of Customers (cont'd.)
(a) By type
Group
30 June
2015
RM'000
Cash line
Term financing:
Home financing
Syndicated financing
Hire purchase receivables
Leasing receivables
Other term financing
Trust receipts
Claims on customers under
acceptance credits
Staff financing
Revolving credit
Sukuk
Ar-Rahnu
Less : Unearned income
Gross financing
Less : Allowance for impaired financing
Collective assessment
Individual assessment
Total net financing
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
810,128
828,207
810,128
828,207
13,687,725
831,487
1,196,471
12,345
8,793,009
51,813
13,245,767
780,910
1,245,318
12,596
8,606,232
51,295
13,687,725
831,487
1,196,471
12,345
8,803,393
51,813
13,245,767
780,910
1,245,318
12,596
8,623,415
51,295
707,537
168,460
1,234,754
150,254
50,400
27,694,383
(13,651,472)
14,042,911
761,607
160,954
1,067,892
148,061
46,907
26,955,746
(13,259,218)
13,696,528
707,537
168,460
1,234,754
150,254
50,400
27,704,767
(13,651,472)
14,053,295
761,607
160,954
1,067,892
148,061
46,907
26,972,929
(13,259,218)
13,713,711
(255,129)
(45,592)
(239,227)
(42,631)
(255,129)
(51,592)
(239,227)
(48,631)
13,742,190
13,414,670
13,746,574
13,425,853
(b) By contract
Group
30 June
2015
RM'000
Bai' Bithaman Ajil (deferred payment sale)
Ijarah (lease)
Ijarah Thumma Al-Bai
(lease ended with purchase)
Inah (sale and buyback)
Tawarruq (commodity murabahah)
Bai' Al-Dayn (purchase of debt)
Murabahah (cost-plus)
Istisna' (sale order)
Qard (benevolent loan)
Shirkah Mutanaqisah (diminishing
partnership)/ Musharakah (profit sharing)
Shirkah Al Milk (ownership)
Rahnu (Trustee)
Gross financing
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
3,322,651
63,387
1,035,020
3,403,062
62,866
1,074,447
3,322,651
63,387
1,035,020
3,403,062
62,866
1,074,447
533,243
7,909,541
701,187
173,256
154,550
2,589
539,553
7,388,380
755,149
155,370
160,631
848
533,243
7,909,541
701,187
173,256
154,550
110,060
539,553
7,388,380
755,149
155,370
160,631
127,346
97,085
50,400
14,042,911
89,315
20,000
46,907
13,696,528
50,400
14,053,295
46,907
13,713,711
19
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
6. Financing of Customers (cont'd.)
(c) By type of customer
Group
30 June
2015
RM'000
Domestic non-banking institutions
Domestic business enterprises:
-Small business enterprises
-Others
Government and statutory bodies
Individuals
Other domestic entities
Foreign entities
Gross financing
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
501,187
356,455
501,187
356,455
171,180
3,650,634
548,867
9,128,126
3,930
38,987
14,042,911
212,759
3,581,803
557,079
8,960,937
3,954
23,541
13,696,528
171,180
3,661,018
548,867
9,128,126
3,930
38,987
14,053,295
212,759
3,598,986
557,079
8,960,937
3,954
23,541
13,713,711
(d) By profit rate sensitivity
Group
30 June
2015
RM'000
Fixed rate:
Home financing
Hire purchase receivables
Others
Variable rate:
Home financing
Others
Gross financing
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
775,700
1,035,020
3,960,909
774,398
1,074,447
3,836,881
775,700
1,035,020
3,971,293
774,398
1,074,447
3,854,064
3,512,539
4,758,743
14,042,911
3,384,224
4,626,578
13,696,528
3,512,539
4,758,743
14,053,295
3,384,224
4,626,578
13,713,711
(e) By residual contractual maturity
Group
30 June
2015
RM'000
Maturity
- within one year
- more than one to five years
- more than five years
Gross financing
3,344,972
4,567,189
6,130,750
14,042,911
20
Bank
31 March
2015
RM'000
3,206,734
4,534,936
5,954,858
13,696,528
30 June
2015
RM'000
3,344,972
4,567,189
6,141,134
14,053,295
31 March
2015
RM'000
3,206,734
4,534,936
5,972,041
13,713,711
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
6. Financing of Customers (cont'd.)
(f) By sector
Group
30 June
2015
RM'000
Agriculture
Mining & Quarrying
Manufacturing
Electricity, gas and water
Construction
Household
Real estate
Wholesale' retail and restaurant
Transport, storage and communication
Finance, takaful and business services
Purchase of transport vehicles
Consumption credit
Community,social and personal services
Government and statutory bodies
Gross financing
124,665
28,711
615,240
101,482
451,878
9,172,736
777,759
703,182
391,234
857,969
13,567
2,151
257,179
545,158
14,042,911
21
Bank
31 March
2015
RM'000
125,784
29,948
664,091
113,226
408,301
8,975,089
746,721
634,050
424,975
743,588
22,817
408
255,884
551,646
13,696,528
30 June
2015
RM'000
124,665
28,711
615,240
101,482
451,878
9,172,736
777,759
713,982
391,234
857,969
13,567
2,151
256,763
545,158
14,053,295
31 March
2015
RM'000
125,784
29,948
664,091
113,226
408,301
8,975,089
746,721
644,850
424,975
748,588
22,817
408
257,267
551,646
13,713,711
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
6. Financing Of Customers (cont'd.)
(g) By geographical area
Group
30 June
2015
RM'000
Domestic
Labuan Offshore
Gross financing
Bank
31 March
2015
RM'000
14,020,132
22,779
14,042,911
13,689,634
6,894
13,696,528
30 June
2015
RM'000
31 March
2015
RM'000
14,030,516
22,779
14,053,295
13,706,817
6,894
13,713,711
Impaired Financing
(a) Movements in the impaired financing
Group
30 June
2015
RM'000
At beginning of period
Classified as impaired during the period
Reclassified as performing during the period
Recovered during the period
Written off during the period
At end of period
Ratio of gross impaired financing
to total financing
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
339,714
133,933
(61,958)
(20,436)
391,253
325,706
434,643
(281,202)
(75,987)
(63,446)
339,714
345,714
133,933
(61,958)
(20,436)
397,253
check
331,706
434,643
(281,202)
(75,987)
(63,446)
345,714
2.79%
2.48%
2.83%
2.52%
(b) Movements in the allowance for impaired financing
Group
30 June
2015
RM'000
Collective assessment
allowance
At beginning of period, as previously stated
Allowance made during the period
Amount written-back
Amount written-off
At end of period
As % of gross financing, less individual
assessment allowance
22
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
239,227
121,157
(105,255)
255,129
195,951
492,392
(447,742)
(1,374)
239,227
239,227
121,157
(105,255)
255,129
195,951
492,392
(447,742)
(1,374)
239,227
1.82%
1.75%
1.82%
1.75%
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
6. Financing Of Customers (cont'd.)
Impaired Financing (cont'd.)
(b) Movements in the allowance for impaired financing (cont'd.)
Group
30 June
2015
RM'000
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
Individual assessment
allowance
At beginning of period
Allowance made during the period
Amount written-back
Amount written-off
At end of period
42,631
3,833
(872)
45,592
74,492
36,636
(6,929)
(61,568)
42,631
48,631
3,833
(872)
51,592
80,492
36,636
(6,929)
(61,568)
48,631
(c) Impaired financing by sector
Group
30 June
2015
RM'000
Agriculture
Manufacturing
Construction
Household
Wholesale and retail and restaurant
Transport, storage and communication
Finance, takaful and business services
Purchase of transport vehicles
Community, social and personal service
Bank
31 March
2015
RM'000
44
81,636
17,334
254,905
11,138
18,626
5,065
895
1,610
391,253
25
81,479
17,263
201,332
11,881
22,945
2,530
1,041
1,218
339,714
30 June
2015
RM'000
31 March
2015
RM'000
44
81,636
17,334
254,905
17,138
18,626
5,065
895
1,610
397,253
25
81,479
17,263
201,332
17,881
22,945
2,530
1,041
1,218
345,714
(d) Impaired financing by geographical area
Group
30 June
2015
RM'000
Domestic
Labuan Offshore
391,252
391,252
23
Bank
31 March
2015
RM'000
339,714
339,714
30 June
2015
RM'000
397,252
397,252
31 March
2015
RM'000
345,714
345,714
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
7. Other Assets
Group
30 June
31 March
2015
2015
RM'000
RM'000
Deposits
Prepayments
Tax prepayment
Amount due from subsidiaries
Foreclosed properties
Golf club membership
GST input tax
Other debtors
11,871
1,412
13,103
600
521
68,373
95,880
10,620
1,805
20,162
600
63,275
96,462
Bank
30 June
31 March
2015
2015
RM'000
RM'000
11,840
1,307
13,103
112
600
517
65,371
92,850
10,587
1,702
20,162
75
600
62,587
95,713
8. Deferred Tax (Liabilities)/Assets
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
At beginning of the period
Recognised in the income statement
Recognised in the equity
At end of the period
(18,947)
(4,465)
2,252
(21,160)
12,786
(25,076)
(6,657)
(18,947)
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when the deferred income taxes relate to the same fiscal authority. The
following amounts, determined after appropriate offsetting, are shown in the statement of financial position:
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
Deferred tax liabilities
(21,160)
24
(18,947)
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
8. Deferred Tax (Liabilities)/Assets (cont'd.)
The components and movements of deferred tax assets and liabilities during the financial period prior to
offsetting are as follows:
Deferred tax assets of the Group and the Bank:
Allowance
for impaired
financing
RM'000
Provision
for
liabilities
RM'000
Other
temporary
differences
RM'000
Total
RM'000
At 1 April 2014
Recognised in income statement
Recognised in equity
At 30 June 2014
9,945
(6,657)
3,288
6,263
4,490
10,753
256
42
298
16,464
4,532
(6,657)
14,339
At 1 April 2015
Recognised in income statement
Recognised in equity
At 30 June 2015
3,288
2,252
5,540
10,753
(3,152)
7,601
298
(57)
241
14,339
(3,209)
2,252
13,382
Deferred tax liabilities of the Group and the Bank:
Property,
plant and
equipment
RM'000
Total
RM'000
At 1 April 2014
Recognised in income statement
At 30 June 2014
(3,678)
(29,608)
(33,286)
(3,678)
(29,608)
(33,286)
At 1 April 2015
Recognised in income statement
At 30 June 2015
(33,286)
(1,257)
(34,543)
(33,286)
(1,257)
(34,543)
25
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
9. Deposits from Customers
(a)By type of deposits
Group
30 June
31 March
2015
2015
RM'000
RM'000
30 June
2015
RM'000
Saving Deposit
Wadiah
Mudharabah
1,127,572
-
460,847
679,344
1,127,572
-
460,847
679,344
Demand Deposit
Wadiah
Mudharabah
3,077,670
-
2,676,732
939,517
3,078,923
-
2,693,492
939,517
1,640,858
2,278,335
1,640,858
2,278,335
222,492
691,209
236,192
696,509
1,690,796
2,241,733
1,690,796
2,241,733
10,414,769
9,528,069
10,414,769
9,528,069
43,211
18,217,368
48,763
19,544,549
43,210
18,232,320
48,763
19,566,609
Term Deposit
Negotiable Islamic
debt certificate
General investment
deposits
Special general investment
deposits
Fixed term accounts
tawarruq
Others Deposit
Bank
31 March
2015
RM'000
(b)By type of customer
Government and statutory bodies
Business enterprises
Individuals
Others
Group
30 June
31 March
2015
2015
Bank
30 June
31 March
2015
2015
RM'000
RM'000
RM'000
RM'000
6,389,277
6,455,306
1,445,994
3,926,791
18,217,368
6,497,806
6,371,361
1,431,256
5,244,126
19,544,549
6,389,277
6,470,258
1,445,994
3,926,791
check
18,232,320
6,497,806
6,393,421
1,431,256
5,244,126
19,566,609
The maturity structure of negotiable instruments of deposit, mudharabah general, special investment deposit
and fixed term account are as follows :
Group
30 June
31 March
2015
2015
RM'000
RM'000
Due within six months
More than six months to one year
More than one year to three years
More than three year to five years
13,180,013
786,400
2,163
339
13,968,915
26
13,637,775
1,085,279
15,937
355
14,739,346
Bank
30 June
31 March
2015
2015
RM'000
RM'000
13,193,713
786,400
2,163
339
13,982,615
13,643,075
1,085,279
15,937
355
14,744,646
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
10. Deposit and Placements of Banks and Other Financial Institutions
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
Non Mudharabah
Bank Negara Malaysia
Mudharabah
Licensed banks
338,516
338,516
8,164
8,164
150,219
488,735
400,672
408,836
11. Other Liabilities
Group
30 June
31 March
2015
2015
RM'000
RM'000
Sundry creditors
Provision for commitments and contingencies
Accrual for bonus
Accrual for Voluntary Separation Scheme
Accrued expenses
Accrual for directors' fees
Accrual for audit fees
GST output tax
Others
3,952
8,162
6,284
1,110
15,358
756
436
297
5,966
42,321
1,665
8,162
20,000
14,717
609
788
40,598
86,538
30 June
2015
RM'000
Bank
31 March
2015
RM'000
3,951
8,162
6,284
1,110
14,947
756
416
274
5,967
41,867
1,665
8,162
20,000
15,264
609
772
40,599
87,071
12. Provision for Zakat and Taxation
Group
30 June
31 March
2015
2015
RM'000
RM'000
Zakat
Taxation
1,486
253
1,739
3,658
843
4,501
Bank
30 June
31 March
2015
2015
RM'000
RM'000
1,215
1,215
3,436
3,436
13. Subordinated Sukuk
Subordinated sukuk as at 31 March 2015 relates to a RM400 million Tier-2 Capital Islamic Subordinated Sukuk
issued on 15 June 2011.The sukuk carries a tenure of 10 years from the issue date on a 10 non-callable 5 basis
feature with a profit rate of 5.15% per annum.
Should the Bank decide not to exercise its option to redeem the sukuk, the sukuk holders will be entitled to a
replacement of other capital instrument of the same or better quality and such replacement of capital shall be
done prior to or concurrent with the redemption of the sukuk. The RM400 million sukuk qualifies as Tier-2 capital
for the purpose of Bank Negara Malaysia capital adequacy requirement.
27
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
14. Income Derived from Investment of Depositors' Funds and Others
Group
30 June
2015
RM'000
Income derived from investment of:
(a) General investment deposits
(b) Other deposits
Bank
30 June
2014
RM'000
180,655
86,500
267,155
150,604
108,810
259,414
30 June
2015
RM'000
30 June
2014
RM'000
180,655
86,500
267,155
150,604
108,810
259,414
(a) Income derived from investment of general investment deposits
Group
30 June
2015
RM'000
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
Finance income and hibah
Income from financing
Financial investment held-for-trading
Financial investments held-for-maturity
Financial investments available-for-sale
Money at call and deposit with
financial institutions
(Amortisation of premium)/
accretion of discounts
Total finance income and hibah
135,099
11
197
35,393
109,381
5
746
31,208
135,099
11
197
35,393
109,381
5
746
31,208
4,149
174,849
3,490
144,830
4,149
174,849
3,490
144,830
(1,162)
173,687
235
145,065
(1,162)
173,687
235
145,065
Other operating income
Net gain from sale of:
- financial investments held-for-trading
- financial investments available-for-sale
176
1,648
1,824
78
511
589
176
1,648
1,824
78
511
589
504
1,047
599
2,181
813
5,144
464
1,054
1,459
1,973
4,950
504
1,047
599
2,181
813
5,144
464
1,054
1,459
1,973
4,950
180,655
150,604
180,655
150,604
Fees and commission
Guarantee fees
Safekeeping fees
Processing fees
Service charges and fees
Commission
Total
Of which :
Financing loss earned on
impaired financing
-
28
(1,485)
-
(1,485)
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
14. Income Derived from Investment of Depositors' Funds and Others (cont'd.)
(b) Income derived from investment of other deposits
Group
30 June
2015
RM'000
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
Finance income and hibah
Income from financing
Financial investment held-for-trading
Financial investments held-for-maturity
Financial investments available-for-sale
Money at call and deposit with
financial institutions
(Amortisation of premium)/
accretion of discounts
Total finance income and hibah
64,688
5
94
16,947
79,027
3
539
22,547
64,688
5
94
16,947
79,027
3
539
22,547
1,987
83,721
2,522
104,638
1,987
83,721
2,522
104,638
(556)
83,165
170
104,808
(556)
83,165
170
104,808
Other operating income
Net gain from sale of:
- financial investments held-for-trading
- financial investments available-for-sale
84
789
873
56
370
426
84
789
873
56
370
426
241
501
287
1,044
389
2,462
86,500
335
762
1,054
1,426
3,577
108,810
241
501
287
1,044
389
2,462
86,500
335
762
1,054
1,426
3,577
108,810
Fees and commission
Guarantee fees
Safekeeping fees
Processing fees
Service charges and fees
Commission
Total
Of which :
Financing loss earned on
impaired financing
-
29
(1,073)
-
(1,073)
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
15. Income Derived from Investment of Shareholders' Funds
Group
30 June
2015
RM'000
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
Finance income and hibah
Financial investments available-for-sale
Money at call and deposit with
financial institutions
Accretion of discounts
Total finance income and hibah
5,487
5,810
5,487
5,810
285
5,772
800
6,572
341
6,151
1,888
8,039
285
5,772
800
6,572
341
6,151
1,888
8,039
4,006
6,803
4,006
6,803
Other operating income
Net gain from foreign exchange
transaction
Net gain/(loss) on revaluation from
foreign exchange derivatives
Net gain from sale of financial
investment available-for-sale
Gross dividend income from investment:
-unquoted in Malaysia
Net dividend paid for Islamic profit
rate swap
Unrealised gain on revaluation
of Islamic profit rate swap
Unrealised gain on revaluation
from hedged items
958
958
(6,826)
322
860
322
860
1,612
1,612
1,612
1,612
(188)
Fees and commission
Guarantee fees
Processing fees
Corporate advisory fees
Service charges and fees
Commission
Others
(6,826)
(2,050)
(188)
(2,050)
6,178
1,195
6,178
1,195
4,955
17,843
443
2,037
4,955
17,843
443
2,037
1,595
2,035
1,042
4,672
1,288
1,188
290
15
2,781
988
48
1,042
2,078
675
82
290
15
1,062
175
116
175
116
Other income
Rental income
Loss on sale of property, plant
and equipment
175
29,262
Total
30
(1)
115
12,972
175
26,668
(1)
115
11,252
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
16. Allowance for Impairment on Financing
Group
30 June
2015
RM'000
Allowance for/(writeback of) impairment
on financing
(a) Individual assessment allowance
Made during the period
Written back during the period
(b) Collective assessment allowance
Made during the period
Written back during the period
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
3,833
(872)
2,961
22,132
(1,409)
20,723
3,833
(872)
2,961
22,132
(1,409)
20,723
121,158
(105,255)
15,903
95,935
(79,192)
16,743
121,158
(105,255)
15,903
95,935
(79,192)
16,743
1,104
(1,824)
18,144
1,042
(15,404)
23,104
1,104
(1,824)
18,144
1,042
(15,404)
23,104
Bad debts on financing:
Written off
Recovered
17. Impairment Writeback on Investments
Group
30 June
2015
RM'000
Impairment writeback on corporate
bonds included under available-for-sale
financial investments
-
31
Bank
30 June
2014
RM'000
(28,621)
(28,621)
30 June
2015
RM'000
30 June
2014
RM'000
-
(28,621)
(28,621)
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
18. Income Attributable to Depositors
Group
30 June
2015
RM'000
Deposits from customers:
Mudharabah funds
Non-Mudharabah funds
Deposits and placements of banks
and other financial institutions:
Mudharabah funds
Non-Mudharabah funds
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
15,958
121,095
90,326
21,389
16,001
121,104
90,368
21,391
4,617
141,670
4,225
62
116,002
4,617
141,722
4,225
62
116,046
19. Personnel expenses
Group
Group
30 June
2015
RM'000
Salary and wages
Contribution to defined
contribution plan
Social security contributions
Allowances and bonuses
Mutual Separation Scheme
Others
32
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
32,309
38,686
31,825
38,242
6,411
283
6,229
4,671
49,903
7,512
304
9,093
33
6,508
62,136
6,337
283
6,187
4,661
49,293
7,443
304
8,922
33
6,487
61,431
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
20. Other overheads and expenditures
Group
30 June
2015
RM'000
Promotion
Advertisement and publicity
Others
Establishment
Rental
Depreciation
Amortisation of intangible assets
Amortisation of prepaid land
lease payment
Information technology expenses
Repair and maintenance
Hire of equipment
Takaful
Utilities expenses
Security expenses
Others
General expenses
Auditors' fees
Professional fees
Legal expenses
Telephone
Stationery and printing
Postage and courier
Travelling
Directors remuneration
and Shariah Committee
allowance
Others
33
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
2,452
1,463
3,390
1,319
2,452
1,460
3,378
1,318
2,812
5,282
5,477
2,575
4,110
1,818
2,782
5,272
5,429
2,545
4,056
1,818
1
7,923
579
1,022
2,537
1,281
2,220
756
1
10,297
479
1,623
780
1,796
2,023
672
1
7,923
579
946
2,537
1,272
2,220
756
1
10,297
479
1,516
780
1,785
2,023
672
86
364
338
397
502
301
745
88
849
413
557
511
411
1,514
86
351
338
396
499
301
741
88
832
413
556
508
411
1,477
986
2,252
39,776
1,072
2,122
38,420
976
2,425
39,742
1,062
2,501
38,515
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
21. Zakat
Group
30 June
2015
RM'000
Provision for zakat for the year
Over provision in prior year
Bank
30 June
2014
RM'000
949
949
1,385
1,385
30 June
2015
RM'000
30 June
2014
RM'000
900
900
1,313
1,313
22. Taxation
Group
30 June
2015
RM'000
Current income tax
Under provision in prior year
Deferred tax:
Relating to origination and reversal
of temporary differences
Under provision in prior years
Bank
30 June
2014
RM'000
30 June
2015
RM'000
30 June
2014
RM'000
7,981
7,981
13,191
13,191
7,496
7,496
13,067
13,067
4,465
4,465
(182)
(5,967)
(6,149)
4,465
4,465
(182)
(5,967)
(6,149)
12,446
7,042
11,961
6,918
Income tax expense is recognised in each interim period based on the best estimate of the annual income tax rate
expected for the full financial year. The effective tax rate for the current interim period was higher than the
statutory tax rate principally due to certain expenses which are not deductible for tax purposes.
Domestic current income tax is calculated at the statutory tax rate of 24% (2014: 25%) of the estimated
assessable profit for the period.
34
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
23. Credit Exposures Arising from Credit Transactions with Connected Parties
Group and Bank
30 June
31 March
2015
2015
RM'000
RM'000
Outstanding credit exposures with connected parties (RM'000)
Percentage of outstanding credit exposures to connected parties
as proportion of total credit exposures
1,610,380
5.9%
1,331,310
5.5%
The credit exposures above are derived on Bank Negara Malaysia's revised Guidelines on Credit Transactions
and Exposures with Connected Parties for Islamic Banks, which are effective on 16 July 2014.
Credit transactions and exposures to connected parties as disclosed above includes the extension of credit
facilities and/or off-balance sheet credit exposures such as guarantees, trade-related facilities and financing
commitments. It also includes holdings of equities and private debt securities issued by the connected parties.
The credit transactions with connected parties above are all transacted on an arm’s length basis and on terms and
conditions no more favourable than those entered into with other counterparties with similar circumstances and
credit worthiness. Due care has been taken to ensure that the credit worthiness of the connected party is not less
than that normally required of other persons.
35
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
24. Commitments and Contingencies
In the normal course of business, the Bank makes various commitments and incurs certain contingent liabilities
with legal recourse to its customers. No material losses are anticipated as a result of these transactions.
Risk weighted exposures of the Group and the Bank are as follows:
Group and Bank
30 June 2015
Principal
Amount
RM'000
Credit
Equivalent
Amount
RM'000
Risk
Weighted
Assets
RM'000
63,518
8,320
260,296
63,518
1,664
130,148
63,028
1,021
129,847
1,005,635
2,051,980
201,127
1,025,990
187,646
260,219
1,660,175
3,675,000
8,724,925
71,031
82,818
1,576,296
50,862
16,564
709,187
The commitments and contingencies
constitute the following:
Contingent liabilities
Direct credit substitutes
Trade-related contingencies
Transaction related contingencies
Commitments
Credit extension commitment:
Maturity within one year
Maturity exceeding one year
Islamic derivative financial instruments
Foreign exchange related contracts
Profit rate related contracts
36
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
24. Commitments and Contingencies (cont'd.)
Group and Bank
31 March 2015
Principal
Amount
RM'000
Credit
Equivalent
Amount
RM'000
Total Risk
Weighted
Amount
RM'000
62,225
18,829
246,641
62,225
3,766
123,320
62,072
2,810
122,737
1,261,070
2,010,431
252,214
1,005,215
229,846
240,756
2,181,115
3,675,000
9,455,311
67,921
89,596
1,604,257
44,486
17,920
720,627
The commitments and contingencies
constitute the following:
Contingent liabilities
Direct credit substitutes
Trade-related contingencies
Transaction related contingencies
Commitments
Credit extension commitment:
Maturity within one year
Maturity exceeding one year
Islamic derivative financial instruments
Foreign exchange related contracts
Profit rate related contracts
37
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
25. Capital Adequacy
(a) The capital adequacy ratio of the Group/Bank is as follows:
Group
30 June
2015
RM'000
Computation of Total Risk
Weighted Assets ("RWA")
Total credit RWA
Total market RWA
Total operational RWA
Total RWA
Computation of Capital Ratio
Tier-I capital
Paid-up ordinary share capital
Retained profits
Other Reserves
Statutory reserve
Unrealised losses on available
for-sale financial instruments
Foreign exchange translation
reserve
Bank
31 March
2015
RM'000
30 June
2015
RM'000
31 March
2015
RM'000
12,970,035
93,614
1,052,572
14,116,220
12,774,186
85,435
1,052,745
13,912,366
12,917,936
93,614
1,040,226
14,051,775
12,724,994
85,435
1,041,853
13,852,282
1,195,000
155,258
1,195,000
155,258
1,195,000
147,177
1,195,000
147,177
515,612
515,612
514,015
514,015
(17,715)
(10,592)
(17,715)
(10,592)
(1,061)
(584)
(1,061)
(584)
Regulatory Adjustment
Less: Deferred tax assets (net)
Less: Investment in subsidiaries
Total Common Equity Tier-I Capital
1,847,094
1,854,694
(6,384)
1,831,032
(6,384)
1,838,632
Total Tier-I Capital
1,847,094
1,854,694
1,831,032
1,838,632
Tier-II capital
Subordinated sukuk
Collective assessment
allowance*
Total Tier-II Capital
Total Capital Base
280,630
284,239
280,630
284,239
80,716
361,346
2,208,440
103,704
387,943
2,242,637
80,716
361,346
2,192,379
103,704
387,943
2,226,575
CET1 Capital
Tier 1 Capital
Total Capital
1,847,094
1,847,094
2,208,440
1,854,694
1,854,694
2,242,637
1,831,032
1,831,032
2,192,379
1,838,632
1,838,632
2,226,575
Ratio (%)
CET 1 Capital
Tier 1 Capital
Total Capital
13.1%
13.1%
15.6%
38
13.3%
13.3%
16.1%
13.0%
13.0%
15.6%
13.3%
13.3%
16.1%
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
25. Capital Adequacy (cont'd.)
With effect from 1 January 2013, the total capital and capital adequacy ratios of the Bank are
computed in accordance with Bank Negara Malaysia's Capital Adequacy Framework for Islamic
Banks (Capital Components and Basel II - Risk-weighted Assets) dated 28 November 2012. The
Group and Bank have adopted the Standardised Approach for Credit Risk and Market Risk, and the
Basic Indicator Approach for Operational Risk. In line with the transitional arrangements under the
Bank Negara Malaysia's Capital Adequacy Framework (Capital Components), the minimum capital
adequacy requirement for Common Equity Tier I capital ratio and Tier I capital ratio are 4.5% and
6.0% respectively for the current period. The minimum regulatory capital adequacy requirement
remains at 8.0% (31 March 2015: 8.0%) for total capital ratio.
The current year's core capital ratios and risk-weighted capital ratios were computed using reported
amounts which form part of the current year financial statements which have been prepared in
accordance with MFRS.
(b) Credit risk disclosure by risk weights of the Group are as follows :
Group
30 June
2015
RM'000
Total
exposures
after netting
and credit risk
mitigation
RM'000
0%
20%
35%
50%
75%
100%
150%
Risk weighted assets for
credit risk
31 March
2015
RM'000
Total risk
weighted
assets
RM'000
Total
exposures
after netting
and credit risk
mitigation
RM'000
Total risk
weighted
assets
RM'000
5,318,744
2,753,059
1,297,337
1,004,388
3,676,350
8,434,633
180,844
550,612
454,068
502,194
2,757,263
8,434,633
271,266
6,128,593
3,878,573
1,340,013
782,980
3,524,308
8,200,532
196,142
775,715
469,005
391,490
2,643,231
8,200,532
294,213
22,665,355
12,970,036
24,051,141
12,774,186
Risk weighted assets for
market risk
93,614
85,435
Risk weighted assets for
operational risk
1,052,572
1,052,745
14,116,222
13,912,366
Total risk weighted assets
39
BANK MUAMALAT MALAYSIA BERHAD
(Incorporated in Malaysia)
25. Capital Adequacy (cont'd.)
(b) Credit risk disclosure by risk weights of the Group are as follows :
Bank
30 June
2015
RM'000
Total
exposures
after netting
and credit risk
mitigation
RM'000
0%
20%
35%
50%
75%
100%
150%
Risk weighted assets for
credit risk
31 March
2015
RM'000
Total risk
weighted
assets
RM'000
Total
exposures
after netting
and credit risk
mitigation
RM'000
Total risk
weighted
assets
RM'000
5,318,744
2,753,059
1,297,337
1,004,388
3,676,350
8,528,164
83,758
550,612
454,068
502,194
2,757,262
8,528,164
125,636
6,128,593
3,878,573
1,340,013
782,980
3,524,308
8,315,312
86,827
775,715
469,005
391,490
2,643,231
8,315,312
130,241
22,661,800
12,917,937
24,056,606
12,724,994
Risk weighted assets for
market risk
93,614
85,435
Risk weighted assets for
operational risk
1,040,226
1,041,853
14,051,777
13,852,282
Total risk weighted assets
40
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
26. Fair values of financial instruments
(a) Financial instruments measured at fair value
Determination of fair value and the fair value hierarchy
MFRS 7 Financial Instruments: Disclosures requires the classification of financial
instruments held at fair value according to a hierarchy that reflects the significance of inputs
used in making the measurements, in particular, whether the inputs used are observable or
unobservable. The following levels of hierarchy are used for determining and disclosing the
fair value of financial instruments:
Level 1 - quoted market prices: quoted prices (unadjusted) in active markets for identical
instruments;
Level 2 - valuation techniques based on observable inputs: inputs other than quoted prices
included within Level 1 that are observable for the instrument, whether directly (ie. prices) or
indirectly (ie. derived from prices), are used; and
Level 3 - valuation techniques using significant unobservable inputs: inputs used are not
based on observable market data and the unobservable inputs have a significant impact on
the instrument's valuation.
Where such quoted and observable market prices are not available, fair values are
determined using appropriate valuation techniques, which include the use of mathematical
models, such as discounted cash flow models and option pricing models, comparison to
similar instruments for which market observable prices exist and other valuation techniques.
The objective of valuation techniques is to arrive at a fair value determination that reflects
the price of the financial instrument at the reporting date, that would have been determined
by market participants acting at arm's length. Valuation techniques used incorporate
assumptions regarding discount rates, profit rate yield curves, estimates of future cash flows
and other factors. Changes in these assumptions could materially affect the fair values
derived. The Bank generally uses widely recognised valuation techniques with market
observable inputs for the determination of fair value, which require minimal management
judgement and estimation, due to the low complexity of the financial instruments held.
41
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
26. Fair values of financial instruments (cont'd.)
(a) Financial instruments measured at fair value (cont'd.)
Determination of fair value and the fair value hierarchy (cont'd.)
The following table shows the financial instruments which are measured at fair value at the
reporting date analysed by the various level within the fair value hierarchy:
Group
30 June 2015
Quoted
Market Price
Level 1
RM'000
Valuation technique using
Observable Unobservable
Inputs
Inputs
Level 2
Level 3
RM'000
RM'000
Total
RM'000
Financial assets
Financial investments
designated at fair value
through profit and loss
Financial investments
available-for-sale
Derivative financial assets
Total financial assets
measured at fair value
-
2
126,530
126,532
95,187
-
5,587,018
46,735
24,499
-
5,706,704
46,735
95,187
5,633,755
151,029
5,879,971
-
41,413
-
41,413
-
41,413
-
41,413
Financial liabilities
Derivative financial liabilities
Total financial liabilities
measured at fair value
42
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
26. Fair values of financial instruments (cont'd.)
(a) Financial instruments measured at fair value (cont'd.)
Determination of fair value and the fair value hierarchy (cont'd.)
Group (cont'd.)
31 March 2015
Quoted
Market Price
Level 1
RM'000
Valuation technique using
Observable Unobservable
Inputs
Inputs
Level 2
Level 3
RM'000
RM'000
Total
RM'000
Financial assets
Financial investments
designated at fair value
through profit and loss
Financial investments
available-for-sale
Derivative financial assets
Total financial assets
measured at fair value
-
3
118,654
118,657
67,581
-
6,345,896
44,378
22,002
-
6,435,479
44,378
67,581
6,390,277
140,656
6,598,514
-
46,193
-
46,193
-
46,193
-
46,193
Financial liabilities
Derivative financial liabilities
Total financial liabilities
measured at fair value
Bank
30 June 2015
Quoted
Market Price
Level 1
RM'000
Valuation technique using
Observable Unobservable
Inputs
Inputs
Level 2
Level 3
RM'000
RM'000
Total
RM'000
Financial assets
Financial investments
designated at fair value
through profit and loss
Financial investments
available-for-sale
Derivative financial assets
Total financial assets
measured at fair value
-
2
122,430
122,432
95,187
-
5,587,018
46,735
24,499
-
5,706,704
46,735
95,187
5,633,755
146,929
5,875,871
-
41,413
-
41,413
-
41,413
-
41,413
Financial liabilities
Derivative financial liabilities
Total financial liabilities
measured at fair value
43
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
26. Fair values of financial instruments (cont'd.)
(a) Financial instruments measured at fair value (cont'd.)
Determination of fair value and the fair value hierarchy (cont'd.)
Bank (cont'd.)
31 March 2015
Quoted
Market Price
Level 1
RM'000
Valuation technique using
Observable Unobservable
Inputs
Inputs
Level 2
Level 3
RM'000
RM'000
Total
RM'000
Financial assets
Financial investments
designated at fair value
through profit and loss
Financial investments
available-for-sale
Derivative financial assets
Total financial assets
measured at fair value
-
3
114,554
114,557
67,581
-
6,345,896
44,378
22,002
-
6,435,479
44,378
67,581
6,390,277
136,556
6,594,414
-
46,193
-
46,193
-
46,193
-
46,193
Financial liabilities
Derivative financial liabilities
Total financial liabilities
measured at fair value
Reconciliation of financing assets at fair value measurements in Level 3 of the fair value
hierarchy:
Group
Bank
30 June
31 March
30 June
31 March
2015
2015
2015
2015
RM'000
RM'000
RM'000
RM'000
At beginning of the year
Gains/(losses) recognised
in income statement
Gains recognised in other
comprehensive income
Purchases
Sales
Reclassification
Foreign exchange
translation difference
Coupon received
Transfer from Level 3
At end of the year
140,659
235,970
136,559
231,870
2,955
24,357
2,955
24,357
9,751
(980)
-
21,409
(16,010)
(136,230)
9,751
(980)
-
21,409
(16,010)
(136,230)
2,125
(3,481)
151,029
12,134
(971)
140,659
2,125
(3,481)
146,929
12,134
(971)
136,559
44
Bank Muamalat Malaysia Berhad
(Incorporated in Malaysia)
26. Fair values of financial instruments (cont'd.)
(a) Financial instruments measured at fair value (cont'd.)
Determination of fair value and the fair value hierarchy (cont'd.)
Reconciliation of financing assets at fair value measurements in Level 3 of the fair value
hierarchy (cont'd.):
The reason for the transfer was due impairment of the securities which resulted in the
inability to obtain market prices for the securities as at reporting date.
Group
30 June
31 March
2015
2015
RM'000
RM'000
Total gains/(losses) recognised in
income statement for financial
instruments measured at fair value
at the end of the financial year
Total gains recognised in
other comprehensive income for financial
instruments measured at fair value at the
end of the financial year
2,955
24,357
-
-
Bank
30 June
31 March
2015
2015
RM'000
RM'000
Total gains/(losses) recognised in
income statement for financial
instruments measured at fair value
at the end of the financial year
Total gains recognised in
other comprehensive income for financial
instruments measured at fair value at the
end of the financial year
45
2,955
24,357
-
-