Page 251 - Full Book_24.4.2021
P. 251
NOTES TO THE
FINANCIAL STATEMENTS in retrospect
|
for the financial year ended 31 december 2020 (continUed)
the Will to Suceed
|
23 EXPENSE RESERVES
Group
2020 2019 achieving a leading repute
RM’000 RM’000
at 1 January 311,700 251,806
|
Provision for the year, net 5,275 59,588
Paving the Way for a Sustainable future
effect of movement in exchange rates (247) 306
at 31 december 316,728 311,700
24 SUkUk LIABILITIES
Group Company
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Sukuk liabilities (i) 919,947 881,093 919,947 881,093 245
Subordinated Sukuk murabahah (ii) 1,713,164 1,258,573 – –
2,633,111 2,139,666 919,947 881,093
adhering to the best Governance Practices
the Sukuk liabilities comprise the following:
(i) the 10-year islamic securities of rm1.05 billion (2019: rm1.05 billion) in nominal value issued by the company on
12 December 2013. The effective rate of the Islamic securities is 6.25% p.a.
on 12 december 2018, the company has made an early partial redemption of rm609,941,757 in nominal value of the
Sukuk murabahah at a cash consideration of rm500 million.
(ii) the Subordinated Sukuk murabahah comprise the following: |
Nominal
value Maturity profit rate
RM’000 Issue date First call date* date (% p.a.)#
(a) 300,000 22 april 2015 22 april 2020 22 april 2025 5.75 Laying the Foundation for Financial Growth
(b) 400,000^ 15 december 2015 15 december 2020 15 december 2025 5.50
(c) 300,000 13 november 2017 12 december 2022 12 november 2027 5.08
(d) 300,000 7 november 2018 7 december 2023 7 november 2028 5.15
(e) 400,000 26 march 2020 26 march 2025 26 march 2030 3.75
|
(f) 700,000 21 october 2020 21 october 2025 21 october 2030 3.60
* optional redemption date or any periodic payment date thereafter.
# accrued and payable semi-annually in arrears.
^ included rm50 million subscription by Syarikat takaful malaysia Keluarga berhad. additional information & disclosure Summary
the Subordinated Sukuk murabahah qualifies as tier ii capital for the computation of the regulatory capital of bank islam
malaysia berhad in accordance with the capital adequacy framework (capital components) for islamic banks issued
by bnm.
|
24 th aGm information
