Page 341 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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55 COMMITMENTS AND CONTINGENCIES (CONTINUED)
the off-balance sheet and counterparties credit risk for bank islam is as follows: (continued)
positive fair achieving a leading repute
value of Credit Risk
principal derivative equivalent weighted
31 December 2019 amount contracts amount asset |
Nature of item RM’000 RM’000 RM’000 RM’000
Credit related exposures
direct credit substitutes 416,059 – 416,059 413,653
transaction related contingent items 930,689 – 465,344 442,978 Paving the Way for a Sustainable future
Short term self-liquidating trade related contingencies 603,739 – 120,748 120,588
other commitments, such as formal standby facilities
and credit lines, with an original maturity of:
– exceeding one year 1,168,133 – 584,067 433,070
any commitments that are unconditionally cancelled
at any time by the bank without prior notice or that 335
effectively provide for automatic cancellation due to
deterioration in a borrower’s creditworthiness 7,892,943 – – –

11,011,563 – 1,586,218 1,410,289

Derivative Financial Instruments
foreign exchange related contracts
– less than one year 6,255,520 31,626 72,532 38,011 adhering to the best Governance Practices
Profit rate related contracts
– one year to less than five years 147,098 1,700 7,240 4,886

6,402,618 33,326 79,772 42,897 |

Total 17,414,181 33,326 1,665,990 1,453,186

56 DISCONTINUED OPERATIONS Laying the Foundation for Financial Growth

as disclosed in 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.,
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 |
additional information & disclosure Summary
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.
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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24 th aGm information