Page 175 - Full Book_24.4.2021

STATEMENTS OF
FINANCIAL POSITION in retrospect

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aS at 31 december 2020 (continUed)
the Will to Suceed

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Group Company
2020 2019 2020 2019
Note RM’000 RM’000 RM’000 RM’000 achieving a leading repute
LIABILITIES ASSOCIATED WITH
ASSETS HELD FOR SALE
deposits from customers 18 50,540,345 46,752,714 – – |
investment accounts of customers 19 12,022,112 9,797,543 – –
derivative financial liabilities 6 105,872 36,746 – –
bills and acceptances payable 29,621 49,084 – –
recourse obligations on financing sold to cagamas 20 1,501,187 1,501,187 – – Paving the Way for a Sustainable future
lease liabilities 13 314,186 328,062 – –
other liabilities 21 2,002,120 1,689,741 228,171 284,567
takaful contract liabilities 22 9,156,608 8,197,156 – –
expense reserves 23 316,728 311,700 – –
Sukuk liabilities 24 2,633,111 2,139,666 919,947 881,093
deferred tax liabilities 12 74,445 – – –
Zakat and taxation 60,488 41,751 70 – 169

Total liabilities associated with assets held for sale 78,756,823 70,845,350 1,148,188 1,165,660

note:
as disclosed in note 56 and note 57 to the financial statements, bimb holdings berhad (“bhb” or “the company”) had announced
and proposed to undertake various proposals which entails the disposal of its equity interest in bimb Securities (holdings) Sdn. bhd., adhering to the best Governance Practices
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
subsequently the delisting of the company and issuance of two (2) new bhb shares to bank islam such that the bhb will become a
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. |
Laying the Foundation for Financial Growth
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.

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additional information & disclosure Summary

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24 th aGm information
the accompanying notes form an integral part of these financial statements.