Page 338 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

52 CAPITAL COMMITMENTS
Group
2020 2019
RM’000 RM’000

Property and equipment:
contracted but not provided for in the financial statements 167,595 114,949
inteGrated annUal rePort 2020 53 CAPITAL MANAGEMENT

the Group’s objectives when managing capital is to maintain a strong capital base and safeguard the Group’s ability to continue
as a going concern, so as to maintain investor, creditor and market confidence and to sustain future development of the
business. the directors monitor the adequacy of capital on an ongoing basis.
there were no changes in the Group’s approach to capital management during the financial year.

Under the listing requirement of bursa malaysia Practice note no. 17/2005, the company is required to maintain a consolidated
shareholders’ equity equal to or not less than the 25 percent of the issued and paid-up capital (excluding treasury shares) and
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such shareholders’ equity is not less than rm40 million. the company has complied with this requirement.
the capital requirements in respect of bank islam malaysia berhad, Syarikat takaful malaysia Keluarga berhad and bimb Securities
Sdn. bhd. are subject to regulatory requirements either from bank negara malaysia or bursa malaysia berhad.
bimb holdinGS berhad 199701008362 (423858-X) Performance is measured based on segment profit/(loss) before zakat and taxation, as included in the internal management
54
OPERATING SEGMENT INFORMATION

reports that are reviewed by the chief executive officer of the Group’s holding company. Segment profit/(loss) before zakat
and taxation is used to measure performance as management believes that such information is the most relevant in evaluating
segmental results relative to other entities that operate within these industries. in the preceding year, performance was measured
based on segmental results from operating activities and included items directly attributable to a segment as well as those that
could be allocated on a reasonable basis.
the Group operates predominantly in malaysia and accordingly, information by geographical location on the Group’s operation
is not presented.
Segment information is presented in respect of the Group’s main business segment.
Business segments
the Group comprises of the following main business segments:

banking islamic banking and provision of related services.
takaful Underwriting of family and general islamic insurance (“takaful”).
others investment holding, ijarah financing, stockbroking and unit trust.