Professional Documents
Culture Documents
(3813-K)
(Incorporated in Malaysia)
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
GROUP BANK
Sept 2005 June 2005 Sept 2005 June 2005
Note RM'000 RM'000 RM'000 RM'000
ASSETS
LIABILITIES
GROUP BANK
Sept 2005 June 2005 Sept 2005 June 2005
Note RM'000 RM'000 RM'000 RM'000
SHAREHOLDERS' EQUITY
* In arriving at the capital base used in the ratio calculations of the Group and the Bank, the proposed dividends for the
respective periods were not deducted.
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
At 1 July 2005
As previously stated 3,721,053 1,501,117 3,965,468 15,250 - 49,238 7,149,183 16,401,309
Transitional adjustments - - - - 347,170 - (260,605) 86,565
As restated 3,721,053 1,501,117 3,965,468 15,250 347,170 49,238 6,888,578 16,487,874
At 30 September 2005 3,732,396 1,595,201 3,969,655 15,250 285,356 68,150 7,561,523 17,227,531
At 1 July 2005
As previously stated 3,721,053 1,501,117 3,871,038 - - 89,419 5,996,652 15,179,279
Transitional Adjustments - - - - 338,219 - (208,932) 129,287
As restated 3,721,053 1,501,117 3,871,038 - 338,219 89,419 5,787,720 15,308,566
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
GROUP BANK
Sept 2005 Sept 2004 Sept 2005 Sept 2004
RM'000 RM'000 RM'000 RM'000
Net cash (used in)/generated from investing activities 3,577 2,931 (109,072) 714,904
Net cash (used in)/generated from financing activities (664,618) (283,540) (589,119) (58,304)
(661,041) (280,609) (698,191) 656,600
Net change in cash and cash equivalents 2,191,252 3,308,612 768,446 3,262,112
Cash and cash equivalents at end of the year 24,787,696 26,317,692 19,247,850 22,789,939
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Part A - Explanatory Notes Pursuant to Financial Reporting Standard 134 (“FRS 134”) and Revised Guidelines on
Financial Reporting for Licensed Institutions (BNM/GP8) Issue by Bank Negara Malaysia
The unaudited condensed interim financial statements for the 1st quarter ended 30 September 2005 have been
prepared in accordance with FRS134 (Interim Financial Reporting) (formerly known as MASB26) issued by the
Malaysian Accounting Standard Board (“MASB”) and Chapter 9, part K of the Listing Requirements of the Bursa
Malaysia Securities Berhad. The unaudited condensed interim financial statements should be read in conjunction with
the audited annual financial statements of the Group and the Bank for the year ended 30 June 2005.
The accounting policies and methods of computation applied in the unaudited condensed interim financial statements
are consistent with those adopted in the previous audited annual financial statements except for the adoption of the
revised guidelines on Financial Reporting for Licensed Institutions (BNM/GP8) issued by Bank Negara Malaysia
which became effective for the current financial year. The adoption of the revised BNM/GP8 has resulted in
significant changes in the accounting policies of the Group and the Bank pertaining to the treatment of financial
instruments. The treatment of securities and derivatives under the revised BNM/GP8 is generally consistent with FRS
139, which was issued by the MASB in August 2005, and which shall become effective from 1 January 2006. Under
the transitional provisions of FRS 139, retrospective application is not permitted and the policies followed in prior
year shall not be reversed. This basis of the transitional provisions of FRS 139 is used, and the prior year’s financial
statements of the Group and the Bank are not restated. Accordingly, any adjustment for the previous carrying
amounts shall be recognised as an adjustment of the balance of retained earnings or reserves at the beginning of the
current financial year. The details of adjustments made to opening retained earnings or reserves in these unaudited
condensed interim financial statements are disclosed in Note A29.
Bank Negara Malaysia has granted indulgence to Maybank from complying with the requirement on the impairment
of loans under the revised BNM/GP8 for the financial year ending 30 June 2006. Therefore, the allowance for bad
and doubtful debts and financing of the Group are computed based on the existing requirement of BNM/GP3, which
is consistent with the adoption made in the previous audited annual financial statements.
The auditors’ report on the audited annual financial statements for the financial year ended 30 June 2005 was not
qualified.
The operations of the Group and the Bank were not materially affected by any seasonal or cyclical factors in the 1st
quarter ended 30 September 2005.
There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group and the
Bank in the 1st quarter ended 30 September 2005.
There were no material changes in estimates of amounts reported in prior financial year that have a material effect in
the 1st quarter ended 30 September 2005 other than as disclosed in Note A30.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Save as disclosed below, there were no issuances, cancellations, share buy-backs, resale of shares bought back and
repayment of debt and equity securities by the Bank.
During the 1st quarter ended 30 September 2005, the issued and paid-up share capital of the Bank was increased from
RM3,721,052,721 as at 30 June 2005 to RM3,732,395,521 as at 30 September 2005, from the issuance of
11,342,800 new ordinary shares of RM1.00 each to eligible persons who have exercised their options under the
Maybank Group Employee Share Option Scheme (ESOS) at the following option prices:
10,196,900 RM 9.23
1,145,900 RM 9.87
No dividend was paid during the 1st quarter ended 30 September 2005.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Quoted securities:
Shares - 1 - -
Unquoted securities:
Private and Islamic Debt Securities in M'sia - 260,000
Foreign Public Authority and
Private Debt Securities 279,522 76,868 279,522 76,868
279,522 336,868 279,522 76,868
Quoted Securities: -
In Malaysia:
Shares, Warrants, Trust Units and Loan Stocks 367,394 672,834 209,202 386,501
Outside Malaysia:
Shares, Warrants, Trust Units and Loan Stocks 49,823 89,241 35,716 70,021
Unquoted Securities:-
Shares, trust units and loan stocks in Malaysia 961,164 1,509,136 456,478 959,430
Shares, trust units and loan stocks outside Malaysia 5,137 - - -
Private and Islamic Debt Securities in Malaysia 3,335,738 6,033,964 2,447,550 3,754,633
Malaysian Government Bonds 512,294 451,479 436,904 451,479
Foreign Government Bonds 39,674 38,127 39,674 38,127
Foreign Islamic and Private Debt Securities 4,586,652 4,979,759 4,368,144 4,861,376
Credit Link Note - 190,000 - 190,000
Others - 8,535 - 8,535
9,440,659 13,211,000 7,748,750 10,263,580
At Amortised Cost
Unquoted Securities:-
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Overseas operations:
Singapore 18,952,022 17,899,783 18,952,022 17,899,783
United States of America 724,932 570,893 724,932 570,893
United Kingdom 328,524 225,769 328,524 225,769
Hong Kong 1,293,537 1,388,034 1,293,537 1,388,034
Brunei 199,375 192,663 199,375 192,663
Vietnam 358,572 363,802 358,572 363,802
China 391,237 437,316 391,237 437,316
Cambodia 65,026 82,623 65,026 82,623
Papua New Guinea 31,008 30,684 - -
Philippines 412,367 431,045 - -
Indonesia 40,784 41,329 - -
22,797,384 21,663,941 22,313,225 21,160,883
126,936,193 125,945,888 122,534,987 121,327,448
Fixed rate
- Housing loans/financing 12,052,943 11,471,746 11,939,941 11,432,672
- Hire purchase receivables 17,547,040 17,008,268 17,399,665 16,876,373
- Other fixed rate loans/financing 34,827,307 35,014,665 34,741,648 34,957,541
Variable rate
- Base lending rate plus 42,352,875 41,577,203 42,123,953 41,360,396
- Cost plus 9,566,526 10,521,092 9,268,193 10,232,276
- Other variable rates 10,589,502 10,352,914 7,061,587 6,468,190
Gross loans, advances and financing 126,936,193 125,945,888 122,534,987 121,327,448
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Overseas operations:
Singapore 18,952,022 17,899,783 18,952,022 17,899,783
United States of America 724,932 570,893 724,932 570,893
United Kingdom 328,524 225,769 328,524 225,769
Hong Kong 1,293,537 1,388,034 1,293,537 1,388,034
Brunei 199,375 192,663 199,375 192663
Vietnam 358,572 363,802 358,572 363,802
China 391,237 437,316 391,237 437,316
Cambodia 65,026 82,623 65,026 82,623
Papua New Guinea 31,008 30,684 - -
Philippines 412,367 431,045 - -
Indonesia 40,784 41,329 - -
22,797,384 21,663,941 22,313,225 21,160,883
126,936,193 125,945,888 122,534,987 121,327,448
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Overseas operations:
Singapore 687,600 684,834 687,600 684,834
United States of America 27,093 27,312 27,093 27,312
Hong Kong 76,362 115,381 76,361 115,381
Brunei 38,284 37,447 38,285 37,447
Vietnam 18,259 18,406 18,259 18,406
China 16,450 5,700 16,450 5,700
Cambodia 3,911 3,896 3,911 3,896
Papua New Guinea 5,638 5,592 - -
Philippines 67,537 71,211 - -
Indonesia 11,820 12,132 - -
952,954 981,911 867,959 892,976
9,433,841 9,609,580 8,869,024 8,991,886
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A11e. Movement in non-performing loans, advances and financing ("NPL") are as follows:
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
A11f. Movement in allowance for bad and doubtful debts (and financing) accounts are as follows:
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
General Allowance
At 1 July 2005/2004 2,810,356 3,625,584 2,596,076 2,689,417
Allowance made during the period/year 13,569 22,934 - -
Amount written back (4,485) (833,555) (4,434) (88,753)
Transfer from/(to) specific allowance 12,871 (7,289) 6,365 (7,237)
Exchange differences (4,886) 2,682 (2,000) 2,649
Closing balance 2,827,425 2,810,356 2,596,007 2,596,076
A11g. Movement in allowance for bad and doubtful debts (and financing) accounts are as follows:(continued)
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Specific Allowance
At 1 July 2005/2004 3,541,718 3,634,101 3,249,740 2,688,326
Allowance made during the period/year 583,780 2,641,324 547,917 2,124,527
Transfer from the finance subsidiary - - - 772,431
Amount written back in respect of recoveries (255,045) (707,911) (241,722) (430,957)
Amount written off (229,722) (1,949,754) (211,111) (1,828,805)
Amount transferred to accumulated
impairment losses in value of securities (2,012) (23,152) (2,012) (23,152)
Transfer to restructured/rescheduled loans (7,000) (65,632) (7,000) (65,632)
Transfer (to)/from general allowance (12,871) 7,289 (6,365) 7,237
Exchange differences 5,981 5,453 (5,019) 5,765
Closing balance 3,624,829 3,541,718 3,324,428 3,249,740
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
By type of customer
Government and statutory bodies 8,736,135 8,147,680 5,789,407 5,064,055
Business enterprise 55,055,317 52,297,166 45,577,838 43,737,516
Individuals 63,949,479 63,788,782 63,553,053 63,411,919
Others 4,396,272 6,834,417 4,149,369 6,062,223
132,137,203 131,068,045 119,069,667 118,275,713
Subordinated obligations
Unsecured
1 1
- less than one year - 950,000 - 950,000
2 2 2 2
- more than one year 2,042,410 2,054,000 2,042,410 2,054,000
1
Subordinated Notes of USD250 million.
2
Includes Subordinated Notes of USD380 million.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Bank
Loans, advances and financing
- Interest income other than recoveries
from NPL 1,337,208 925,365 1,337,208 925,365
- Recoveries from NPLs 83,059 71,173 83,059 71,173
Money at call and deposit placements
with financial institutions 258,970 230,130 258,970 230,130
Securities held-for-trading/dealing securities 34,591 10,695 34,591 10,695
Securities available-for-sale/investment securities 197,463 210,754 197,463 210,754
Securities held-to-maturity 4,316 - 4,316 -
Others - - - -
1,915,607 1,448,117 1,915,607 1,448,117
Amortisation of premium less accretion
of discount (10,270) (22,878) (10,270) (22,878)
Interest income suspended (16,798) (10,219) (16,798) (10,219)
1,888,539 1,415,020 1,888,539 1,415,020
Group
Deposits and placements of banks and
other financial institutions 216,720 122,284 216,720 122,284
Deposits from customers 647,468 587,083 647,468 587,083
Loans sold to Cagamas 48,337 70,494 48,337 70,494
Subordinated notes 46,251 47,904 46,251 47,904
Others - 5,834 - 5,834
958,776 833,599 958,776 833,599
Bank
Deposits and placements of banks and
other financial institutions 177,626 104,982 177,626 104,982
Deposits from customers 590,996 452,291 590,996 452,291
Loans sold to Cagamas 48,338 29,725 48,338 29,725
Subordinated notes 44,778 47,903 44,778 47,903
Others 1,238 1,033 1,238 1,033
862,976 635,934 862,976 635,934
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Bank
Personnel costs
- Salaries, allowances and bonuses 256,071 202,387 256,071 202,387
- Pension costs 36,921 29,916 36,921 29,916
- Others 32,202 26,544 32,202 26,544
Establishment costs
- Depreciation 39,312 34,092 39,312 34,092
- Rental 13,171 13,791 13,171 13,791
- Repairs and manitenance of property,
plant and equipment 26,313 12,703 26,313 12,703
- Information technology expenses 35,506 57,749 35,506 57,749
- Others 4,093 1,285 4,093 1,285
Marketing expenses
- Advertisement and publicity 45,612 23,810 45,612 23,810
- Others 12,889 12,887 12,889 12,887
Administration and general expenses
- Fees and brokerage 71,284 53,343 71,284 53,343
- Administrative expenses 52,285 35,278 52,285 35,278
- General expenses 21,682 25,827 21,682 25,827
- Others 8,299 8,637 8,299 8,637
655,640 538,249 655,640 538,249
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Bank
Allowance for bad and doubtful debts
and financing:
- general allowance (net) (4,434) 565,438 (4,434) 565,438
- specific allowance 547,917 301,388 547,917 301,388
- specific allowance written back (241,722) (98,099) (241,722) (98,099)
Net write back of allowance in share
broking activities - - - -
Bad debts and financing written off 51,470 264 51,470 264
Bad debts and financing recovered (95,115) (25,147) (95,115) (25,147)
BUSINESS SEGMENT
Banking and Finance Investment Banking Insurance and Takaful Others Eliminations Consolidated
Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004
REVENUE AND EXPENSES RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Revenue
External revenue 2,949,676 2,274,157 123,276 102,658 83,590 61,947 6,492 27,436 - 3,163,034 2,466,198
Inter-segment revenue 65,442 797,854 2,598 2,136 8,350 8,078 3,728 5,004 (80,118) (813,072) - -
Total revenue 3,015,118 3,072,011 125,874 104,794 91,940 70,025 10,220 32,440 (80,118) (813,072) 3,163,034 2,466,198
Result
Segment results 1,323,928 1,845,196 40,601 49,534 25,750 25,274 (3,084) 19,132 - (764,860) 1,387,195 1,174,276
Finance costs (163,606) (110,665) (1,136) (2,641) - - - - - (164,742) (113,306)
Operating profit 1,160,322 1,734,531 39,465 46,893 25,750 25,274 (3,084) 19,132 - (764,860) 1,222,453 1,060,970
Loan loss and provision (283,847) (268,579) 7,564 787 684 - - (400) - (275,599) (268,192)
Share of net profits of associates - - - - - - 24 423 - - 24 423
Profit before taxation 876,475 1,465,952 47,029 47,680 26,434 25,274 (3,060) 19,155 - (764,860) 946,878 793,201
Taxation & Zakat (244,825) (420,982) (11,154) (8,244) (9,068) (7,401) (2,371) (2,088) - 214,157 (267,418) (224,558)
Profit after taxation and zakat 631,650 1,044,970 35,875 39,436 17,366 17,873 (5,431) 17,067 - (550,703) 679,460 568,643
Minority interest - - - - - - - - - - (6,515) (13,604)
Net profit for the year 631,650 1,044,970 35,875 39,436 17,366 17,873 (5,431) 17,067 - (550,703) 672,945 555,039
OTHER INFORMATION
Capital expenditure 39,464 30,580 444 1,351 64 45 31 398 - - 40,003 32,374
Depreciation 40,274 39,822 1,572 1,482 1,700 2,029 551 342 - - 44,097 43,675
Non-cash expenses/(income)
other than depreciation 141,770 105,058 (3,452) (4,440) (4,400) (2,294) 2 - - - 133,920 98,324
Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 June 2005 June 2005
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
ASSETS AND LIABILITIES
Segment assets 190,518,238 187,080,016 10,577,668 10,973,432 5,756,847 5,283,241 287,686 298,022 (10,400,305) (11,759,499) 196,740,134 191,875,212
Investment in associates companies 6,523 6,164 - - - - 541 13,884 - - 7,064 20,048
Total assets 190,524,761 187,086,180 10,577,668 10,973,432 5,756,847 5,283,241 288,227 311,906 (10,400,305) (11,759,499) 196,747,198 191,895,260
Total segment liabilities 172,265,520 170,141,103 9,187,970 9,584,975 4,377,172 3,950,914 164,919 166,828 (6,859,374) (8,802,313) 179,136,207 175,041,507
GEOGRAPHICAL SEGMENT
Revenue from external
Customers Profit Before Tax & Zakat Capital expenditure Segment assets
Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 June 2005
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Malaysia 2,739,134 2,933,570 864,653 1,481,105 37,042 23,054 174,579,560 172,260,910
Singapore 313,594 213,723 45,172 46,106 2,551 8,526 23,338,823 21,764,859
Other locations 190,424 131,977 37,053 30,851 410 794 9,229,120 9,628,990
3,243,152 3,279,270 946,878 1,558,062 40,003 32,374 207,147,503 203,654,759
Eliminations (80,118) (813,072) - (764,201) - - (10,400,305) (11,759,499)
Consolidated 3,163,034 2,466,198 946,878 793,861 40,003 32,374 196,747,198 191,895,260
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
The Group’s and the Bank’s property and equipment are stated at cost less accumulated depreciation and
accumulated impairment losses. There was no change in the valuation of property and equipment that were brought
forward from the previous audited annual financial statements for the year ended 30 June 2005.
On 8 October 2005, at an extraordinary general meeting of the Bank, the shareholders approved a resolution for
the Bank to buy-back its own shares.
(b) Transfer of Businesses of Aseamlease Berhad and Aseam Credit Sdn Bhd to Maybank
The businesses of Aseamlease Berhad and Aseam Credit Sdn Bhd were transferred to Maybank with effect
from 2 November 2005.
(c) Memorandum Of Understanding For The Proposed Disposal Of Mayban Unit Trust Berhad (MUTB)
On 27 October 2005, Maybank, Aseambankers Malaysia Berhad (“Aseambankers”) and Mayban Securities Sdn
Bhd (“Mayban Securities”) had entered into a Memorandum of Understanding (MOU) with Amanah Saham
Nasional Berhad (“ASNB”), a wholly owned subsidiary of Permodalan Nasional Berhad (“PNB”), for the sale
of the entire issued and paid-up share capital of Mayban Unit Trust Berhad (“MUTB”).
PNB is a substantial shareholder of Maybank and as such the Proposed Disposal is deemed a related party
transaction pursuant to Paragraph 10.08 of Bursa Malaysia Securities Berhad’s Listing Requirements.
Based on the MOU, if Maybank, Aseambankers, Mayban Securities (collectively the “Vendors”) and ASNB
decide to proceed with the Proposed Disposal, the consideration payable by ASNB will be mutually agreed
between the Vendors and ASNB after the completion of an independent valuation and due diligence review.
In addition, both the Vendors and ASNB have to mutually agree to the terms and conditions of certain ancillary
agreements to be entered into (which include, inter alia, the execution of a sale and purchase agreement for the
Proposed Disposal).
Should the Vendors and ASNB be unable to agree to and execute the abovementioned ancillary agreements
within four (4) months from the date of this MOU or any such other date which the parties may mutually agree,
then the MOU shall become null and void thereafter.
The Bank has obtained approval from Bank Negara Malaysia, the Securities Commission and the shareholders
to issue RM1.0 billion Islamic Subordinated Bonds to finance its Islamic financial activities. The issuance of
these Islamic Bonds is expected to be completed within the month of November 2005.
These events subsequent to the balance sheet date do not require adjustments to these unaudited interim financial
statements.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Maybank’s equity interest in Aseambankers increased from 79.69% to 94.69% following the acquisition of
7,517,400 ordinary shares of RM1.00 each from three minority shareholders for a total cash consideration of
RM83.3 million.
During the period to 30 September 2005, Maybank disposed of its entire equity interest of 45%, representing
2,700,000 ordinary shares of RM1.00 each in Computer Recovery Centre Sdn Bhd for an amount of
RM6,950,000.
A25. Commitments and Contingencies and Off-Balance Sheet Financial Instruments (continued)
Market Risk
Market risk is the potential change in value caused by movement in market rates or prices. The contractual amounts
provide only a measure of involvement in these types of transactions and do not represent the amounts subject to
market risk. Exposure to market risk may be reduced through offsetting on and off-balance sheet positions. As at 30
September 2005, the amount of contracts that were not hedged in the Group and the Bank and, hence, exposed to
market risk was RM120.97 million (30 June 2004 : RM119.44 million).
Credit Risk
Credit risk arises from the possibility that a counter-party may be unable to meet the terms of a contract in which
the Group and the Bank has a gain in a contract. As at 30 September 2005, the amount of credit risk in the Group
and the Bank, measured in terms of the cost to replace the profitable contracts, was RM96.15 million (30 June 2004:
RM67.84 million). This amount will increase or decrease over the life of the contracts, mainly as a function of
maturity dates and market rates or prices.
Commencing 1 July 2005 (first day of the current financial year), derivative financial instruments are measured at
fair value and are carried as assets when the fair value is positive and as liabilities when the fair value is negative.
Any gain or loss arising from a change in the fair value of the derivatives is recognised in the income statements
unless they are part of a hedging relationship that qualifies for hedge accounting where the gain or loss is
recognised as follows:
In the nomal course of business, the Bank and its subsidiaries make various commitments and incur certain contingent liabilities with legal recourse to its customers.
No material losses are anticipated as a result of these transactions.
The risk-weighted exposures of the Bank and its subsidiaries as at the following dates are as follows:
As at As at
30 September 2005 30 June 2005
Credit Risk Credit Risk
Notional Equivalent Weighted Notional Equivalent Weighted
Amount Amount* Amount Amount Amount* Amount
Group RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
A25. Commitments and Contingencies and Off-Balance Sheet Financial Instruments (continued)
As at As at
30 September 2005 30 June 2005
Credit Risk Credit Risk
Notional Equivalent Weighted Notional Equivalent Weighted
Amount Amount* Amount Amount Amount* Amount
Bank RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
* The credit equivalent amount is arrived at using the credit conversion factors as specified by Bank Negara Malaysia.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Non- Effective
Group Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 September 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
ASSETS
Cash and short-term funds 18,668,507 2,377,114 2,000 - - 3,740,075 - 24,787,696 2.84
Deposits and placements with
banks and other financial
institutions 48,733 7,840,937 1,261,512 - - 575,566 - 9,726,748 2.99
Securities purchased under resale -
agreements 111,217 99,830 170,464 - - - - 381,511 2.82
Securities 426,870 589,358 304,832 3,265,340 963,897 155,479 22,637,058 28,342,834 3.86
Loans, advances and financing -
- performing 37,470,645 18,668,102 12,229,439 16,059,677 26,763,918 6,310,571 - 117,502,352 6.30
- non-performing* - - - - - 2,981,587 - 2,981,587 -
Life, general takaful and family
takaful fund assets - - - - - 3,935,594 - 3,935,594 -
Other non-interest sensitive
balances - - - - - 9,088,876 - 9,088,876 -
TOTAL ASSETS 56,725,972 29,575,341 13,968,247 19,325,017 27,727,815 26,787,748 22,637,058 196,747,198
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A26. Interest/Profit Rate Risk (contd)
Non trading book
Non- Effective
Group Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 September 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits from customers 54,676,134 12,364,353 22,280,105 7,411,986 247,261 35,157,354 - 132,137,193 2.16
Deposits and placements with -
banks and other financial -
institutions 10,970,920 1,944,608 2,147,034 2,106,567 678,773 1,546,193 - 19,394,095 2.89
Obligations on securities sold -
under repurchase agreements 7,961,579 1,285,003 2,256 - - - - 9,248,838 2.88
Bills and acceptances payable 913,747 862,922 330,408 - - 1,281,968 - 3,389,045 2.88
Recourse obligations on loans -
sold to Cagamas - - 493,615 3,802,612 - - - 4,296,227 4.18
Subordinated notes - - 610,000 1,432,410 - - - 2,042,410 4.63
Life, general takaful and family
takaful fund liabilities - - - - - 211,498 211,498 -
Life, general takaful and family
takaful policy holders' funds - - - - - 3,724,096 3,724,096 -
Other non-interest sensitive -
balances - - - - - 4,692,805 4,692,805 -
Total Liabilities 74,522,380 16,456,886 25,863,418 14,753,575 926,034 46,613,914 - 179,136,207
Shareholders' equity - - - - - 17,227,531
Minority interests - - - - - 383,460
Total Liabilities and
Shareholders' Equity 74,522,380 16,456,886 25,863,418 14,753,575 926,034 64,224,905 - 179,136,207
* The is arrived at after deducting the general allowance and specific allowance from the outstanding non-performing loans.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Non- Effective
Group Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 June 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
ASSETS
Cash and short-term funds 18,253,501 - - - - 4,342,943 - 22,596,444 2.87
Deposits and placements with -
banks and other financial -
institutions 134,438 7,587,548 1,015,314 8,287 60,307 518,902 - 9,324,796 2.92
Securities purchased under resale -
agreements 197,481 102,376 - - - - - 299,857 1.28
Dealing securities 104,378 70,317 163,756 25,000 240,038 25,621 - 629,110 4.32
Investment securities 2,760,802 2,706,484 2,158,235 9,559,315 5,702,042 4,745,028 - 27,631,906 4.01
Loans, advances and financing -
- performing 34,517,481 21,693,037 12,831,875 11,424,879 20,220,528 15,648,508 - 116,336,308 6.30
- non-performing* - - - - - 3,257,506 - 3,257,506 -
Life, general takaful and family
takaful fund assets - - - - - 3,600,656 - 3,600,656 -
Other non-interest sensitive
balances - - - - - 8,218,677 - 8,218,677 -
TOTAL ASSETS 55,968,081 32,159,762 16,169,180 21,017,481 26,222,915 40,357,841 - 191,895,260
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A26. Interest/Profit Rate Risk (contd)
Non trading book
Non- Effective
Group Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 June 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits from customers 58,777,116 12,708,896 22,628,629 1,947,719 160,918 34,844,767 - 131,068,045 2.21
Deposits and placements with -
banks and other financial -
institutions 6,980,048 3,671,226 1,673,411 1,874,297 603,937 3,558,263 - 18,361,182 2.62
Obligations on securities sold -
under repurchase agreements 7,051,486 339,742 236,217 250 - - - 7,627,695 2.53
Bills and acceptances payable 131,317 48,432 76,564 - - 2,101,811 - 2,358,124 2.98
Recourse obligations on loans -
sold to Cagamas - 507,620 484,357 3,998,796 - - - 4,990,773 4.39
Subordinated notes - 950,000 610,000 1,444,000 - - - 3,004,000 6.34
Life, general takaful and family
takaful fund liabilities - - - - - 120,506 - 120,506 -
Life, general takaful and family
takaful policy holders' funds - - - - - 3,480,150 - 3,480,150 -
Other non-interest sensitive
balances - - - - - 4,031,032 - 4,031,032 -
Total Liabilities 72,939,967 18,225,916 25,709,178 9,265,062 764,855 48,136,529 - 175,041,507
Shareholders' equity - - - - - 16,401,309 16,401,309
Minority interests - - - - - 452,444 452,444
Total Liabilities and
Shareholders' Equity 72,939,967 18,225,916 25,709,178 9,265,062 764,855 64,990,282 - 191,895,260
* The is arrived at after deducting the general allowance and specific allowance from the outstanding non-performing loans.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Non- Effective
Bank Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 September 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
ASSETS
Cash and short-term funds 15,697,273 - - - - 3,550,577 - 19,247,850 2.76
Deposits and placements with -
banks and other financial - - - - - - - -
institutions 20,623 8,867,627 1,140,911 - - 377,953 - 10,407,114 2.98
Securities purchased under resale -
agreements 107,548 99,830 170,464 - - - - 377,842 2.88
Securities 1,093 137,713 60,371 2,702,863 654,180 152,818 19,519,725 23,228,763 3.86
Loans, advances and financing
- performing 35,950,826 17,432,677 11,416,162 15,868,128 26,708,635 6,289,535 - 113,665,963 6.34
- non-performing* - - - - - 2,948,589 - 2,948,589
Other non-interest sensitive
balances - - - - - 9,965,517 - 9,965,517
TOTAL ASSETS 51,777,363 26,537,847 12,787,908 18,570,991 27,362,815 23,284,989 19,519,725 179,841,638
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A26. Interest/Profit Rate Risk (contd)
Non trading book
Non- Effective
Bank Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 September 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits from customers 48,907,972 10,751,469 22,061,458 1,954,705 86,343 35,307,720 - 119,069,667 2.09
Deposits and placements with -
banks and other financial -
institutions 10,091,038 1,926,645 3,388,482 2,106,567 678,773 3,045,997 - 21,237,502 2.76
Obligations on securities sold -
under repurchase agreements 7,961,579 1,103,591 2,256 - - - - 9,067,426 2.50
Bills and acceptances payable 808,829 635,369 222,902 - - 1,989,118 - 3,656,218 2.84
Recourse obligations on loans -
sold to Cagamas - - 493,615 3,802,612 - - - 4,296,227 4.18
Subordinated notes - - 610,000 1,432,410 - - - 2,042,410 4.63
Other non-interest sensitive -
balances - - - - - 4,495,355 - 4,495,355
Total Liabilities 67,769,418 14,417,074 26,778,713 9,296,294 765,116 44,838,190 - 163,864,805
Shareholders' equity - - - - - 15,976,833 - 15,976,833
Total Liabilities and
Shareholders' Equity 67,769,418 14,417,074 26,778,713 9,296,294 765,116 60,815,023 - 179,841,638
* The is arrived at after deducting the general allowance and specific allowance from the outstanding non-performing loans.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Non- Effective
Bank Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 June 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
ASSETS
Cash and short-term funds 14,516,549 - - - - 3,962,855 - 18,479,404 2.78
Deposits and placements with
banks and other financial
institutions 121,317 7,530,271 1,927,650 7,897 - 388,601 - 9,975,736 2.92
Securities purchased under resale
agreements 194,495 102,376 - - - - - 296,871 1.27
Dealing securities 10,704 56,158 163,755 - - - 230,617 2.64
Investment securities 1,879,753 1,637,198 1,245,340 7,792,324 5,080,108 4,262,837 - 21,897,560 3.96
Loans, advances and financing -
- performing 32,888,392 20,182,258 12,170,515 11,256,094 20,189,618 15,648,685 - 112,335,562 6.33
- non-performing* - - - - - 3,146,070 - 3,146,070 -
Other non-interest sensitive
balances - - - - - 9,072,893 - 9,072,893 -
TOTAL ASSETS 49,611,210 29,508,261 15,507,260 19,056,315 25,269,726 36,481,941 - 175,434,713
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A26. Interest/Profit Rate Risk (contd)
Non trading book
Non- Effective
Bank Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 June 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits from customers 48,017,028 10,960,635 22,541,627 1,898,414 - 34,858,009 - 118,275,713 2.10
Deposits and placements with -
banks and other financial -
institutions 8,150,273 3,957,420 1,728,807 1,874,297 603,937 3,559,460 - 19,874,194 2.48
Obligations on securities sold -
under repurchase agreements 6,846,060 339,742 236,217 250 - - 7,422,269 2.53
Bills and acceptances payable 249,839 193,568 175,460 - - 2,073,701 - 2,692,568 2.69
Recourse obligations on loans -
sold to Cagamas - 507,620 484,357 3,998,796 - - - 4,990,773 4.39
Subordinated notes - 950,000 610,000 1,444,000 - - - 3,004,000 6.34
Other non-interest sensitive -
balances - - - - - 3,995,917 - 3,995,917 -
Total Liabilities 63,263,200 16,908,985 25,776,468 9,215,757 603,937 44,487,087 - 160,255,434
Shareholders' equity - - - - - 15,179,279 - 15,179,279
Total Liabilities and
Shareholders' Equity 63,263,200 16,908,985 25,776,468 9,215,757 603,937 59,666,366 - 175,434,713
* The is arrived at after deducting the general allowance and specific allowance from the outstanding non-performing loans.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
The capital adequacy ratios of the Group and the Bank, based on credit and market risks as at the following dates:
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Before deducting dividends:
Core capital ratio 11.21% 11.45% 10.84% 11.07%
Risk-weighted capital ratio 14.69% 15.02% 13.48% 13.86%
Tier II capital
Subordinated obligations 2,042,410 2,054,000 2,042,410 2,054,000
General allowance for bad and
doubtful debts 2,827,425 2,810,356 2,596,007 2,596,076
Total Tier II capital 4,869,835 4,864,356 4,638,417 4,650,076
Total capital 20,552,947 20,452,456 18,921,952 18,828,184
Less: Investment in subsidiary companies 2 - - (1,159,086) (1,075,978)
Capital base 20,552,947 20,452,456 17,762,866 17,752,206
1
Under Bank Negara Guidelines, unaudited profits (which includes deferred tax) are not allowed for computation of capital
adequacy ratios.
2
Excludes the cost of investment in a subsidiary, Myfin Berhad (formerly known as Mayban Finance Berhad) of RM840.0 million
as its business, assets and liabilities have been transferred to the Bank.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
A28b. Unaudited Income Statements for the 1st Quarter and Three Months Ended 30 September 2005
A28b. Unaudited Income Statements for the 1st Quarter and Three Months Ended 30 September 2005 (contd)
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
A28d. (i) Movements in non-performing financing, advances and other loans ("NPL") are as follows:
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
(ii)Movements in the allowance for bad and doubtful debts and financing accounts are as follows:
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
General allowance
At 1 January 609,375 395,910 609,375 395,910
Allowance made during the period/year 4,169 213,465 4,169 213,465
Closing balance 613,544 609,375 613,544 609,375
As % gross loans, financing and other loans
less specific allowance 3.52% 3.50% 3.52% 3.50%
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Specific allowance
At 1 January 277,770 121,607 277,770 121,607
Allowance made during the period/year 63,849 129,592 63,849 129,592
Transfer from the finance subsidiary - 110,547 - 110,547
Amount written back (25,093) (54,497) (25,093) (54,497)
Amount written off (14,603) (34,238) (14,603) (34,238)
Transfer from/(to) specific allowance for
restructured/rescheduled loans and financing - 4,759 - 4,759
Closing balance 301,923 277,770 301,923 277,770
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Mudharabah Fund
Demand deposits - 245 - -
General investment deposits 4,814,525 5,047,202 4,592,595 4,756,159
Special investment deposits 690,034 525,114 670,029 525,114
5,504,559 5,572,561 5,262,624 5,281,273
Non-Mudharabah Fund
Demand deposits 3,667,972 3,670,085 3,667,725 3,670,085
Savings deposits 2,340,755 2,264,203 2,340,755 2,264,203
Negotiable instruments of deposits 2,801,356 3,829,142 2,801,356 3,829,142
8,810,083 9,763,430 8,809,836 9,763,430
During the 1st quarter ended 30 September 2005, the Group and the Bank have adopted the revised
BNM/GP8, which resulted in the following new accounting policies:
1) The holding of the securities portfolio of the Group and the Bank are segregated based on the following
categories and valuation methods:
i) Securities held-for-trading
Securities are classified as held-for-trading if they are acquired principally for the purpose of
benefiting from actual or expected short-term price movement or to lock in arbitrage profits. The
securities held-for-trading will be stated at fair value and any gain or loss arising from a change in
their values and derecognition of these securities are recognized in the income statements.
Held-to-maturity securities are financial assets with fixed or determinable payments and fixed
maturity that the Group and Bank have the positive intent and ability to hold to maturity. The held-
to-maturity securities are measured at accreted/amortised cost based on effective yield method.
Amortisation of premium, accretion of discount and impairment as well as gain or loss arising from
derecognition of securities held-to-maturity are recognised in the income statement.
Available-for-sale securities are financial assets that are not classified as held-for-trading or held-to-
maturity. The available-for-sale securities are measured at fair value, or at cost (less impairment
losses, if applicable) if the fair value cannot be reliably measured. The return and cost of the
securities available-for-sale are credited and charged to the income statement using
accreted/amortised cost based on the effective yield method. Any gain or loss arising from a change
in fair value after applying the accreted/amortised cost method are recognised directly in equity
through the statement of changes in equity, until the financial asset is sold, collected, disposed of or
impaired, at which time the cumulative gain or loss previously recognized in equity will be
transferred to the income statements.
2) Derivative financial instruments are measured at fair value and are carried as assets when the fair value is
positive and as liabilities when the fair value is negative. Any gain or loss arising from a change in the
fair value of the derivatives is recognised in the income statements unless they are part of a hedging
relationship that qualifies for hedge accounting where the gain or loss is recognised as follows:
3) Where a loan becomes non-performing, interest accrued and recognised as income prior to the date the loans are
classified as non-performing shall be reserved out of income and set-off against the accrued interest receivables
account in the balance sheet. Thereafter, the interest accrued on the non-performing loans shall be recognised as
income on a cash basis instead of being accrued and suspended at the same time as prescribed previously.
The effects of the transitional adjustments to opening retained profits and unrealised holding reserves of the Group
and Bank as described in Note A1 above are as follows:
Group Bank
30 September 30 September
2005 2005
RM'000 RM'000
Group Bank
30 September 30 September
2005 2005
RM'000 RM'000
The following comparative figures have been reclassified to conform with the revised BNM/GP8 format:
Group Bank
As previously As previously
As restated reported As restated reported
RM'000 RM'000 RM'000 RM'000
Part B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities
Berhad
For the quarter ended 30th September 2005, the Group registered an increase of RM117.9 or 21.2% in profit after tax
and minority interest over that of the corresponding period. The better performance was attributed to the increase in
revenue generated, in particular that contributed by non interest income, whilst increase in allowance for loan loss
was marginal.
The Group registered a profit after tax and minority interest of RM672.9 million for the quarter just ended compared
to RM567.3 million for the preceding quarter, an increase of RM105.6 or 18.6%. The better performance was
attributed largely to the increase in non interest income and to a lesser extent, increased recoveries from loans that
have been written off in prior periods.
B3. Prospects
Following the various strategic initiatives and in view of the continuing expansion of the Malaysian economy the
Group is confident of improving its performance in the current financial year.
Neither the Group nor the Bank made any profit forecast or issued any profit guarantee.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
The analysis of the tax expense for the 1st quarter ended 30 September 2005 are as follows:
The Bank's effective tax rate approximates the statutory tax rate.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
The profits from the sale of unquoted investments of the Group and Bank amounted to RM1.45 million and RM1.31
million respectively. There were no sales of properties during the period.
Financial institutions are exempted from the disclosure requirements relating to quoted securities.
Negotiations for the tie-up with BinaFikir Sdn Bhd are still ongoing.
Mayban Fortis Holdings Berhad has entered into an agreement dated 29th August 2005 with Permodalan
Nasional Berhad and Amanah Raya Nominees (Tempatan) Sdn Bhd (collectively known as the “Vendors”) to
purchase 210,060,496 ordinary shares of RM 1.00 each, representing approximately 73.62% of the share
capital of MNI Holdings Berhad from the Vendors for a consideration of RM 844,443,193.92.
At an Extraordinary General Meeting of Maybank held on 14 November 2005, the shareholders approved the
resolutions for the acquisition and the Mandatory General Offer to be made in relation to the acquisition, in
accordance with the provisions of the Malaysian Code on Take-overs and Mergers, 1998 and any other
relevant laws and regulations.
The Group and the Bank do not have any material litigation that would materially and adversely affect the financial
position of the Group and the Bank.
MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
Recognising that the current composition of eligible capital is skewed more towards equity, and in line with the
Group’s initiative to rebalance and optimise its capital composition for more efficient capital management, the
Directors have declared an interim dividend of 50.0 sen per share less 28% tax for the 1st quarter ended 30
September 2005 (30 September 2004: nil).
Taking into consideration the payment of the proposed interim dividend, payment of the final dividend for the
financial year ended 30 June 2005 of 60.0 sen per share less 28% tax, the proceeds arising from the RM1.0 billion
Islamic Subordinated Debt issue, the additional equity from the exercise of ESOS and the proposed acquisition of
MNI Holdings Berhad, the proforma capital adequacy ratio of the Bank would be 11.61%, vis-a-vis the regulatory
requirement of 8.0%.
The interim dividend will be paid on 16 January 2006 to shareholders registered in the books of Maybank on 28
December 2005.
The Share Transfer Books and the Register of Members of the Company will be closed from 29 December 2005 to
30 December 2005 (both dates inclusive). Duly completed transfers received by the Share Registration, Corporate
Services of Maybank, 14th Floor Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur by 5.00 p.m. on 28
December 2005 will be registered before entitlements to the dividend are determined.
A depositor shall qualify for entitlement to the dividend only in respect of: -
a) Shares transferred to the Depositors’ Securities accounts in respect of ordinary transfers before 4.00 p.m. on
28 December 2005;
b) Shares deposited into the Depositors’ Securities accounts before 12.30 p.m. on 23 December 2005 (in respect
of shares exempted from mandatory deposit);
c) Shares bought on the Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of
Bursa Malaysia Securities Berhad.
MALAYAN BANKING BERHAD
(3818-K)
(Incorporated in Malaysia)
Basic
The basic EPS of the Group is calculated by dividing the net profit for the quarter and the financial year by the weighted-average
number of ordinary shares in issue during the quarter and the financial year respectively.
Net profit for the period (RM'000) 672,945 555,039 672,945 555,039
Diluted
The diluted EPS of the Group is calculated by dividing the net profit for the quarter and the financial year by the weighted-average
number of ordinary shares in issue, which has been adjusted for the number of shares that could have been issued under the Maybank
Group Employee Share Option Scheme.
In the diluted EPS calculation, it was assumed that the share options were exercised into ordinary shares. A calculation is done to
determine the number of shares that could have been issued at fair value (determined as the average price of the Bank’s shares during
the quarter) based on the monetary value of the subscription rights attached to the outstanding share options. This calculation serves to
determine the number of dilutive shares to be added to the weighted-average ordinary shares in issue for the purpose of computing the
dilution. No adjustment was made to the net profit for the quarter.
Net profit for the period (RM'000) 672,945 555,039 672,945 555,039