Malaysia Building Society Berhad : Interim Financial Statements For 3rd Quarter Ended 30 September 2021

Group

Company

30-Sep-21

31-Dec-20

30-Sep-21

31-Dec-20

Note

RM'000

RM'000

RM'000

RM'000

Assets

Cash and short-term funds

A8(a)

531,145

1,082,712

328,896

342,898

Deposits and placements with financial institutions

A8(b)

924,435

781,682

-

-

Derivative financial assets

A9

1,124

1,724

-

-

Financial investments at fair value through profit

or loss ("FVTPL")

A10

239,458

-

-

-

Financial investments at fair value through other

comprehensive income ("FVOCI")

A11

12,045,433

10,192,272

-

-

Financial investments at amortised cost

A12

611,378

488,102

-

-

Loans, financing and advances

A13

34,162,160

33,762,458

594,854

898,954

Assets held-for-sale

A14

1,876

12,612

128

-

Trade and other receivables

A15

134,744

141,899

327,570

231,460

Statutory deposits with Bank Negara Malaysia

650,000

620,000

-

-

Investments in subsidiaries

-

-

5,558,435

5,290,323

Inventories

69,374

69,374

-

-

Property and equipment

383,731

366,850

23,554

23,903

Right-of-use assets

43,882

11,485

-

-

Intangible assets

152,991

162,058

-

-

Goodwill

148,031

148,031

-

-

Investment property

820

820

-

-

Deferred tax assets

21,286

7,261

3,422

3,835

Tax recoverable

475,423

589,154

474,693

503,534

Total assets

50,597,291

48,438,494

7,311,552

7,294,907

Liabilities

Deposits from customers

A16

33,524,534

33,781,496

-

-

Deposits and placements of banks

A17

135,221

101,244

-

-

Investment accounts of customers

A18

1,324,778

-

-

-

Derivative financial liabilities

A9

1,059

1,614

-

-

Trade and other payables

A19

831,959

624,286

37,705

48,430

Lease liabilities

43,997

11,148

-

-

Recourse obligation on financing sold

3,232,612

2,262,531

-

-

Sukuk-MBSB Structured Covered ("SC") Murabahah

1,284,177

1,366,563

-

-

Sukuk Wakalah

1,310,569

1,293,335

-

-

Deferred tax liabilities

14,538

107,155

-

-

Provision for taxation and zakat

35,936

7,950

538

538

Total liabilities

41,739,380

39,557,322

38,243

48,968

Equity

Ordinary share capital

7,198,068

7,088,255

7,198,068

7,088,255

Reserves

(121,149)

234,666

-

-

Retained earnings

1,780,992

1,558,251

75,241

157,684

Total equity

8,857,911

8,881,172

7,273,309

7,245,939

Total liabilities and equity

50,597,291

48,438,494

7,311,552

7,294,907

Commitments and contingencies

A26

3,710,749

2,743,268

12,618

18,519

Net assets per share attributable to ordinary equity

of the Company (RM)

1.24

1.27

1.01

1.04

Group

3rd Quarter Ended

Nine Months Ended

30-Sep-21

30-Sep-20

30-Sep-21

30-Sep-20

Note

RM'000

RM'000

RM'000

RM'000

Revenue

681,050

765,572

2,026,969

2,393,328

Income derived from investment of deposits and

Islamic capital funds

A20

657,694

673,987

1,945,856

2,072,703

Income attributable to depositors

(210,157)

(239,770)

(621,643)

(866,177)

Income attributable to securitisation

(18,942)

(25,171)

(61,562)

(77,069)

Income attributable to sukuk

(33,182)

(36,733)

(100,389)

(111,664)

Income attributable to wakalah unrestricted

investment account

(7,554)

-

(14,260)

-

Net income from Islamic operations

387,859

372,313

1,148,002

1,017,793

Interest income

A21

7,993

27,736

53,586

112,408

Interest expense

A22

-

(1)

-

(11)

Net interest income

7,993

27,735

53,586

112,397

Net allowance for impairment on loans,

financing and advances and other financial assets

A23

(248,996)

(52,073)

(194,527)

(289,981)

Loss on modification of cash flows

(146,965)

7,497

(196,629)

(505,114)

Operating income

(109)

355,472

810,432

335,095

Net other income

A24

58,561

51,117

94,061

213,220

Net income

58,452

406,589

904,493

548,315

Other operating expenses

A25

(152,795)

(112,625)

(354,800)

(326,838)

(Loss)/profit before taxation and zakat

(94,343)

293,964

549,693

221,477

Taxation

(10,873)

(36,728)

(187,338)

(47,000)

Zakat

641

1,000

(34)

(2,000)

(Loss)/profit from continuing operations

(104,575)

258,236

362,321

172,477

Loss from discontinued operation

-

-

(72)

-

(loss)/profit for the financial period

(104,575)

258,236

362,249

172,477

(Loss)/profit attributable to:

Owners of the Company

(104,575)

258,236

362,249

172,477

(104,575)

258,236

362,249

172,477

Earnings per share (sen)

Basic

(1.49)

3.81

5.17

2.56

(Loss)/profit for the financial period

(104,575)

258,236

362,249

172,477

Other comprehensive (loss)/profit, net of tax :

Movement in fair value reserve, which may be

reclassified subsequently to profit or loss

(64,622)

50,510

(355,815)

150,513

(64,622)

50,510

(355,815)

150,513

Total comprehensive (loss)/income for the financial

period

(169,197)

308,746

6,434

322,990

Total comprehensive (loss)/income attributable to:

Owners of the Company

(169,197)

308,746

6,434

322,990

(169,197)

308,746

6,434

322,990

Company

3rd Quarter Ended

Nine Months Ended

30-Sep-21

30-Sep-20

30-Sep-21

30-Sep-20

Note

RM'000

RM'000

RM'000

RM'000

Revenue

12,428

15,924

36,179

76,608

Interest income

A21

10,105

14,047

32,439

73,064

Interest expense

A22

-

(1)

-

(11)

Net interest income

10,105

14,046

32,439

73,053

Net allowance for impairment on loans,

advances and other financial assets

A23

(19,492)

(46,667)

(15,687)

(59,846)

Loss on modification of cash flows

(21)

120

(21)

(1,694)

Operating income

(9,408)

(32,501)

16,731

11,513

Net other income

A24

80,692

4,854

89,107

149,710

Net income

71,284

(27,647)

105,838

161,223

Other operating expenses

A25

(5,665)

(11,384)

(16,279)

(34,182)

Profit/(loss) before taxation

65,619

(39,031)

89,559

127,041

Taxation

(27,096)

8,508

(32,494)

2,734

Profit/(loss) for the financial period

38,523

(30,523)

57,065

129,775

Profit/(loss) attributable to:

Owners of the Company

38,523

(30,523)

57,065

129,775

38,523

(30,523)

57,065

129,775

Earnings per share (sen)

Basic

0.55

(0.45)

0.81

1.92

Profit/(loss) for the financial period

38,523

(30,523)

57,065

129,775

Total comprehensive income/(loss) for the financial period

38,523

(30,523)

57,065

129,775

Total comprehensive income/(loss) attributable to:

Owners of the Company

38,523

(30,523)

57,065

129,775

38,523

(30,523)

57,065

129,775

Non-distributable

Distributable

Share

Share

Option

Fair Value

Retained

Capital

Reserve

Reserves

Profits

Total

Group

RM'000

RM'000

RM'000

RM'000

RM'000

At 1 January 2021

7,088,255

-

234,666

1,558,251

8,881,172

Profit for the period

-

-

-

362,249

362,249

Other comprehensive loss

for the financial period

-

-

(355,815)

-

(355,815)

Dividends

-

-

-

(139,508)

(139,508)

Issuance of ordinary shares

pursuant to exercise of DRP

109,813

-

-

-

109,813

At 30 September 2021

7,198,068

-

(121,149)

1,780,992

8,857,911

At 1 January 2020

6,941,542

5,843

154,994

1,484,492

8,586,871

Profit for the period

-

-

-

172,477

172,477

Other comprehensive income

for the financial period

-

-

150,513

-

150,513

Dividends

-

-

-

(201,402)

(201,402)

Issuance of ordinary shares

pursuant to exercise of DRP

146,713

-

-

-

146,713

Transfer of share option reserve to

retained profits upon

expiry of share options

-

(262)

-

262

-

At 30 September 2020

7,088,255

5,581

305,507

1,455,829

8,855,172

Non-distributable

Distributable

Share

Share

Option

Fair Value

Retained

Company

Capital

Reserve

Reserves

Profits

Total

RM'000

RM'000

RM'000

RM'000

RM'000

At 1 January 2021

7,088,255

-

-

157,684

7,245,939

Profit for the period

-

-

-

57,065

57,065

Dividends

-

-

-

(139,508)

(139,508)

Issuance of ordinary shares

pursuant to exercise of DRP

109,813

-

-

-

109,813

At 30 September 2021

7,198,068

-

-

75,241

7,273,309

At 1 January 2020

6,941,542

5,843

-

202,431

7,149,816

Profit for the period

-

-

-

129,775

129,775

Dividends

-

-

-

(201,402)

(201,402)

Issuance of ordinary shares

pursuant to exercise of DRP

146,713

-

-

-

146,713

Transfer of share option reserve to

retained profits upon

expiry of share options

-

(262)

-

262

-

At 30 September 2020

7,088,255

5,581

-

131,066

7,224,902