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DIRECTORS’ REPORT

for the financial year ended 31 december 2020 (continUed)

CHANGE OF CIRCUMSTANCES
at the date of this report, the directors are not aware of any circumstances, not otherwise dealt with in this report or the financial
statements that would render any amount stated in the financial statements of the Group and of the company misleading.
ITEMS OF AN UNUSUAL NATURE

in the opinion of the directors, the results of the operations of the Group and of the company for the financial year have not been
inteGrated annUal rePort 2020 there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event
substantially affected by any item, transaction or event of a material and unusual nature.

of a material and unusual nature, likely to affect substantially the results of the operations of the Group and of the company for the
current financial year in which this report is made.
COMPLIANCE wITH BANk NEGARA MALAYSIA’S POLICY DOCUMENT ON FINANCIAL REPORTING AND GUIDELINES

in the preparation of the financial statements, the directors have taken reasonable steps to ensure that bank negara malaysia (“bnm”)’s
expectations on financial reporting have been complied with, including those as set out in the financial reporting for islamic banking
institutions and circular on the application of mfrS.
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DISCONTINUED OPERATIONS

as disclosed in note 56 and note 57 to the financial statements, bimb holdings berhad (“bhb” or “the company”) had announced
bimb holdinGS berhad 199701008362 (423858-X) subsequently the delisting of the company and issuance of two (2) new bhb shares to bank islam such that the bhb will become a
and proposed to undertake various proposals which entails the disposal of its equity interest in bimb Securities (holdings) Sdn. bhd.,
bimb Securities Sdn. bhd. and Syarikat al-ijarah Sdn. bhd. to bank islam malaysia berhad (“bank islam”), the distribution of its
shareholdings in bank islam and Syarikat takaful malaysia Keluarga berhad by way of distribution-in-specie to its shareholders, and
wholly-owned subsidiary of bank islam. bhb is currently in the midst of procuring all relevant approvals required for the Proposals from
the relevant parties/regulatory authorities.
consequentially, the results of the Group and the company have been disclosed as discontinued operations in the financial statements
and all assets and liabilities are therefore classified as held for sale as at year end in accordance with the requirements of mfrS 5:
non-current assets held for Sale and discontinued operations.

SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
the significant events during the financial year are as disclosed in note 57 to the financial statements.

SUBSEQUENT EVENTS

the subsequent events during the financial year are as disclosed in note 58 to the financial statements.
DIRECTORS

directors of the company who served during the financial year until the date of this report are:
tan Sri ambrin bin buang (chairman)
mohd tarmidzi bin ahmad nordin
noraini binti che dan
datuk nik mohd hasyudeen bin yusoff
Zahari @ mohd Zin bin idris (appointed on 03.02.2020)
tan Sri ismail bin adam (retired on 03.01.2020)