Bursa Announcement

First Quarter Ended 30 June 2022

MNRB HOLDINGS BERHAD

(197201001795 (13487-A))

INTERIM FINANCIAL STATEMENTS (The figures have not been audited)

CONDENSED CONSOLIDATED INCOME STATEMENT

FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2022

GROUP

Individual period

Cumulative year

3 months ended

3 months ended

3 months ended

3 months ended

30 June 2022

30 June 2021

30 June 2022

30 June 2021

RM'000

RM'000

RM'000

RM'000

Gross earned premiums/contributions

764,092

639,287

764,092

639,287

Premiums/contributions ceded to

reinsurers and retakaful operators

(92,678)

(70,108)

(92,678)

(70,108)

Net earned premiums/contributions

671,414

569,179

671,414

569,179

Investment income

65,191

66,310

65,191

65,524

Realised (loss)/gains

(1,210)

3,394

(1,210)

3,394

Fair value (loss)/gains

(144,864)

19,821

(144,864)

19,821

Fee and commission income

14,107

9,198

14,107

9,198

Other operating revenue

18,975

4,437

18,975

5,223

Other revenue

(47,801)

103,160

(47,801)

103,160

Gross claims and benefits paid

(406,602)

(267,714)

(406,602)

(267,714)

Claims ceded to reinsurers/retakaful operators

84,910

37,082

84,910

37,082

Gross change in contract liabilities

(50,136)

(195,470)

(50,136)

(195,470)

Change in contract liabilities ceded to

reinsurers/retakaful operators

(13,532)

51,030

(13,532)

51,030

Net claims and benefits

(385,360)

(375,072)

(385,360)

(375,072)

Fee and commission expense

(140,286)

(141,402)

(140,286)

(141,402)

Management expenses

(82,760)

(59,091)

(82,760)

(59,091)

Finance cost

(4,362)

(4,187)

(4,362)

(4,187)

Other operating expenses

(2,413)

(861)

(2,413)

(861)

Change in expenses liabilities

(373)

5,099

(373)

5,099

Tax borne by participants

9,671

(7,052)

9,671

(7,052)

Other expenses

(220,523)

(207,494)

(220,523)

(207,494)

Share of results of associates

(10,770)

1,849

(10,770)

1,849

Operating profits before surplus

attributable to takaful participants,

zakat and taxation

6,961

91,622

6,961

91,622

Surplus attributable to takaful participants

(15,256)

(40,858)

(15,256)

(40,858)

Operating (loss)/profits before zakat and taxation

(8,295)

50,764

(8,295)

50,764

Zakat

(257)

(373)

(257)

(373)

Taxation

(4,726)

(3,813)

(4,726)

(3,813)

Net (loss)/profits for the period attributable

to equity holders of the Company

(13,278)

46,578

(13,278)

46,578

Basic (loss)/earnings per share attributable

to equity holders of the Company (sen):

(1.7)

5.9

(1.7)

5.9

The Condensed Financial Statements should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2022

MNRB HOLDINGS BERHAD

(197201001795 (13487-A))

INTERIM FINANCIAL STATEMENTS (The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2022

GROUP

Individual period

Cumulative year

3 months ended

3 months ended

3 months ended

3 months ended

30 June 2022

30 June 2021

30 June 2022

30 June 2021

RM'000

RM'000

RM'000

RM'000

Net (loss)/profits for the period

(13,278)

46,578

(13,278)

46,578

Other comprehensive income/(loss):

Other comprehensive income/(loss)

to be reclassified to income statement

in subsequent periods:

Effects of post acquisition foreign exchange

translation reserve on investment in associate

3,596

(5,028)

3,596

(5,028)

Effects of foreign exchange translation reserve

on investment in subsidiary

589

(3)

589

(3)

Net (loss)/gain on financial assets at fair value of

comprehensive income ("FVOCI"):

Net (losses)/gain on fair value changes

(36,743)

10,328

(36,743)

10,328

Realised losses transferred to

income statement

(208)

-

(208)

-

Deferred tax relating to net loss

on financial assets at FVOCI

2,845

1,819

2,845

1,819

Other comprehensive income/(loss)

4,497

(1,242)

4,497

(1,242)

Other comprehensive (loss)/income

not to be reclassified to income statement

in subsequent years:

Net (loss)/gain on fair value changes

(186)

268

(186)

268

Deferred tax on fair value changes

-

-

-

-

Revaluation surplus of land and buildings

538

25

538

25

Deferred tax relating to revaluation of land

and buildings

(43)

(2)

(43)

(2)

Total comprehensive (loss)/income

for the period

(38,393)

52,743

(38,393)

52,743

The Condensed Financial Statements should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2022

MNRB HOLDINGS BERHAD

(197201001795 (13487-A))

INTERIM FINANCIAL STATEMENTS (The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2022

GROUP

Unaudited

Audited

30 June 2022

31 March 2022

RM'000

RM'000

Assets

Property, plant and equipment

212,094

211,213

Intangible assets

71,796

75,136

Right-of-use asset

13,820

5,554

Investment in associates

129,149

134,094

Financial assets

8,903,400

8,975,983

Deferred tax assets

52,414

38,330

Reinsurance/retakaful assets

953,425

952,271

Insurance/takaful receivables

636,060

614,826

Tax recoverable

57,079

50,702

Cash and bank balances

283,370

214,050

Total assets

11,312,607

11,272,159

Liabilities and Participants' funds

Participants' funds

373,392

394,409

Borrowings

320,000

320,000

Insurance/takaful contract liabilities

7,597,796

7,487,057

Lease liability

4,160

5,476

Insurance/takaful payables

278,710

305,499

Other payables

277,580

277,793

Deferred tax liabilities

2,949

3,178

Provision for taxation

6,760

5,319

Provision for zakat

17,979

1,754

Total liabilities and participants' funds

8,879,326

8,800,485

Equity

Share capital

738,502

738,502

Reserves

1,694,779

1,733,172

Total equity attributable to equity holders of the Company

2,433,281

2,471,674

Total liabilities, participants' funds and equity

11,312,607

11,272,159

Net assets per share (RM)

3.11

3.16

The Condensed Financial Statements should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2022

MNRB HOLDINGS BERHAD

(197201001795 (13487-A))

INTERIM FINANCIAL STATEMENTS (The figures have not been audited)

CONDENSED STATEMENT OF CHANGES IN EQUITY

FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2022

GROUP

Attributable to Equity Holders of the Company

Reserves

Non-distributable

Distributable

Foreign

Retained

exchange

profits

Share

translation

Fair value

Revaluation

brought

Net

capital

reserve

reserve

reserve

forward

loss

Total

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

At 1 April 2022

738,502

45,966

25,973

49,575

1,611,658

-

2,471,674

Total comprehensive income/(loss)

for the year

-

4,185

(29,795)

495

-

(13,278)

(38,393)

At 30 June 2022

738,502

50,151

(3,822)

50,070

1,611,658

(13,278)

2,433,281

CONDENSED STATEMENT OF CHANGES IN EQUITY

FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2021

GROUP

Attributable to Equity Holders of the Company

Non-distributable

Distributable

Foreign

Retained

exchange

profits

Share

translation

Fair value

Revaluation

brought

Net

capital

reserve

reserve

reserve

forward

profit

Total

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

At 1 April 2021

738,502

47,087

53,092

51,082

1,528,557

-

2,418,320

Total comprehensive (loss)/income

for the year

-

(5,031)

11,173

23

-

46,578

52,743

At 30 June 2021

738,502

42,056

64,265

51,105

1,528,557

46,578

2,471,063

The Condensed Financial Statements should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2022

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MNRB Holdings Berhad published this content on 04 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2022 10:31:01 UTC.