Annual Report 2013

Transcription

Annual Report 2013

C O V E R R AT I O N A L E
The cover design conveys the message of
Agrobank’s key intent in augmenting the
agriculture sector. It aims to portray the bank’s
Z[HUJL PU VɈLYPUN H OHUK [V NYV^ I\ZPULZZLZ
HUK U\Y[\YL KL]LSVWTLU[ ^P[OPU [OL ZLJ[VY PU
ÔH[L]LY^H`P[KLLTZÄ[
Agrobank is committed to be a strategic partner
[V Z[YLUN[OLU [OL NYV^[O VM [OL HNYPJ\S[\YL
sector in the country.
Core Values
Core Values / Our Goals
Professionalism
TLHT^VYR
Our Goals
Positive Attitude
2
Agrobank Annual Report 2013
Integrity
Respect
Timeliness
Open
Communication
Contents
WHO WE ARE
Agrobank’s Inception
Vision, Mission and Objectives
Organisation Structure
6
7
8
Corporate Activities 2013
(^HYKZHUK9LJVNUP[PVU
AT A GLANCE
Financial Highlights
Five-Year Financial Summary
12
13
OUR
PERSPECTIVE
Chairman’s Statement
President/CEO’s Statement
18
24
32
34
40
42
46
MANDATED
ROLE
Our Mandated Role
Financial Services Division
Agropreneur Development
Programme
Entrepreneur Success Stories
64
70
CORPORATE
GOVERNANCE
Statement of Corporate Governance
Statement of Risk Management
Statement of Internal Control
Statement of Shariah Governance
Statement of Compliance
74
76
84
86
88
OUR
PERFORMANCE
OUR
LEADERSHIP
Board of Directors
+PYLJ[VYZ»7YVÄSLZ
Shariah Committee
:OHYPHO*VTTP[[LL»Z7YVÄSLZ
Management Committee
OUR
ACHIEVEMENTS
AND EVENTS
2013 Audited Financial Statements
92
CORPORATE
INFORMATION
Corporate Information
Corporate Status
Corporate Directory
258
261
262
50
54
56
57
3
WHO WE ARE
“He has produced you
from the earth and
ƐĞƩůĞĚǇŽƵŝŶŝƚ͟
Surah Hud: 61
WHO WE ARE
ŐƌŽďĂŶŬ͛Ɛ/ŶĐĞƉƟŽŶ
The establishment of Bank Pertanian Malaysia (BPM) in
BPM was incorporated under the Companies Act 1965
1969 was in line with the government’s move to carry out
and upon the passing of the Bank Pertanian Malaysia Bill
irrigation projects to accommodate double cropping for
VU +LJLTILYP[^HZ[OLUJVTTLYJPHSS`
paddy planting in the states of Kedah and Perlis; known
known as Agrobank. The Bank Pertanian Malaysia
as the Muda Agricultural Development Authority (MADA)
)LYOHK(J[^HZNHaL[[LKVU1HU\HY`
area. With the establishment of BPM to provide credit
assistance to farmers, two branches were opened; the
Agrobank is a Government-owned Bank (GLC) under
ÄYZ[PU(SVY:L[HY2LKHOPU(WYPS "HUKMVSSV^LKI`
the purview of the Ministry of Finance Incorporated.
2V[H)OHY\PU2LSHU[HU)` )74LTLYNLKHZ[OL
-VJ\ZPUNVU[OLHNYPJ\S[\YLZLJ[VY[OL)HUR»ZÄUHUJPUN
largest credit services provider to the rural agriculture
operations are driven by a policy set forth by the Ministry
sector.
of Agriculture and Agro-Based Industry (MOA). Agrobank
[VKH` VWLYH[LZ [OYV\NO IYHUJOLZ [OYV\NOV\[
4HSH`ZPHHUKLTWSV`ZV]LYLTWSV`LLZ
6
sŝƐŝŽŶ͕DŝƐƐŝŽŶĂŶĚKďũĞĐƟǀĞƐ
VISION
dŽďĞĂůĞĂĚŝŶŐďĂŶŬ
ǁŝƚŚĂĨŽĐƵƐŽŶ
ĂŐƌŝĐƵůƚƵƌĞ͘
MISSION
dŽƉƌŽǀŝĚĞŵĂƌŬĞƚĂŶĚĐůŝĞŶƚͲĚƌŝǀĞŶĮŶĂŶĐŝĂů
ƐĞƌǀŝĐĞƐŝŶĂĮŶĂŶĐŝĂůůǇƐƵƐƚĂŝŶĂďůĞǁĂǇǁŝƚŚ
ƐƉĞĐŝĮĐƚĂƌŐĞƚŐƌŽƵƉƐƐƵĐŚĂƐ͗
ͻ ŐƌŽƉƌĞŶĞƵƌƐ
ͻ DŝĐƌŽ͕ƐŵĂůůĂŶĚŵĞĚŝƵŵĞŶƚƌĞƉƌĞŶĞƵƌƐ
ͻ WƌŝǀĂƚĞŝŶĚŝǀŝĚƵĂůƐ
OBJECTIVES
ͻ dŽƉƌŽŵŽƚĞDĂůĂǇƐŝĂ͛ƐƐŽƵŶĚ
ͻ dŽŵŽďŝůŝƐĞƐĂǀŝŶŐƐǁŝƚŚƉĂƌƟĐƵůĂƌ
ĂŐƌŝĐƵůƚƵƌĂůĚĞǀĞůŽƉŵĞŶƚ͖
ƌĞŐĂƌĚƚŽƚŚĞĂŐƌŝĐƵůƚƵƌĂůƐĞĐƚŽƌ
ĂŶĚŝŶĨƵƌƚŚĞƌĂŶĐĞŽĨƚŚŝƐŽďũĞĐƚƚŽ
ͻ
dŽĐŽͲŽƌĚŝŶĂƚĞĂŶĚƐƵƉĞƌǀŝƐĞƚŚĞ
ĂĐĐĞƉƚƐĂǀŝŶŐƐĂŶĚƟŵĞĚĞƉŽƐŝƚƐ͖
ŐƌĂŶƚŽĨĐƌĞĚŝƚĨƌŽŵƉƵďůŝĐĨƵŶĚƐ
ĨŽƌĂŐƌŝĐƵůƚƵƌĂůƉƵƌƉŽƐĞƐďǇƚŚĞ
ǀĂƌŝŽƵƐƉĞƌƐŽŶƐŽƌďŽĚŝĞƐŽĨ
ͻ dŽƵƉůŝŌƚŚĞǁĞůůͲďĞŝŶŐŽĨƚŚĞ
ĂŐƌŝĐƵůƚƵƌĂůĐŽŵŵƵŶŝƚǇ͖ĂŶĚ͕
ƉĞƌƐŽŶƐǁŚĞƚŚĞƌŝŶĐŽƌƉŽƌĂƚĞŽƌ
ƵŶŝŶĐŽƌƉŽƌĂƚĞ͖
ͻ dŽĐĂƌƌǇŽŶƚŚĞŐĞŶĞƌĂůďƵƐŝŶĞƐƐŽĨ
ĂŵŽĚĞƌŶĂŶĚƉƌŽŐƌĞƐƐŝǀĞĮŶĂŶĐŝĂů
ͻ dŽƉƌŽǀŝĚĞĮŶĂŶĐŝŶŐ͕ĂĚǀĂŶĐĞƐ͕
ĂŶĚŽƚŚĞƌĐƌĞĚŝƚĨĂĐŝůŝƟĞƐĨŽƌƚŚĞ
ƐĞƌǀŝĐĞƐŝŶƐƟƚƵƟŽŶĐĂƚĞƌŝŶŐĨŽƌƚŚĞ
ƚŽƚĂůĮŶĂŶĐŝĂůŶĞĞĚƐŽĨŝƚƐĐƵƐƚŽŵĞƌƐ͘
ĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞĂŐƌŝĐƵůƚƵƌĞ
ƐĞĐƚŽƌĂŶĚĂŐƌŝĐƵůƚƵƌĞƌĞůĂƚĞĚ
ďƵƐŝŶĞƐƐ͖
7
KƌŐĂŶŝƐĂƟŽŶ^ƚƌƵĐƚƵƌĞ
Board of Directors
DIVISION
President / CEO
Operations
Management
Financial
Services
Treasury
Special
Asset
Management
Business
Planning &
Performance
Monitoring
Accounting
Payment
DEPARTMENT
Business
Banking
Central
Property &
Logistics
Consumer
Banking
Electronic
Banking
Trade
Finance
Product
Research &
Development
STRATEGIC BUSINESS DIVISION (SBD)
8
Finance
Product
Support &
Operations
Information
System
Management
Management
Reporting &
Information
Change
Management
Corporate
& Strategic
Planning
Business
Process
Re-Engineering
Credit
Administration
Network
Support
Internal Audit
Compliance
Company
Secretary
Shariah
Committee
President /
CEO’s Office
Human
Resource
Credit
Management
Risk
Management
HR Strategy
& Services
Credit
Approval
Credit Risk
HR Capability
Credit
Supervision
Market Risk
Learning &
Human Capital
Development
Industrial &
Employee
Relations
Corporate
Communications
Corporate
Services
Shariah
Operational
Risk
Credit
Evaluation
& Review
Economic &
Industry
Research
Management
STRATEGIC SUPPORT DIVISION (SSD)
9
AT A GLANCE
͞ŶĚǁŚŽĞǀĞƌĨĞĂƌƐůůĂŚͲ
,ĞǁŝůůŵĂŬĞĨŽƌŚŝŵĂǁĂǇŽƵƚ͕
ĂŶĚǁŝůůƉƌŽǀŝĚĞĨŽƌŚŝŵĨƌŽŵ
ǁŚĞƌĞŚĞĚŽĞƐŶŽƚĞǆƉĞĐƚ͘͟
Surah Al-Talaq: 2-3
AT A GLANCE
Financial Highlights
2013
2012
9LZ[H[LK
Operating revenue
889.1
1,057.5
6WLYH[PUNWYVÄ[
338.3
410.0
7YVÄ[ILMVYL[H_HUKaHRH[
319.3
355.4
11,138.7
11,461.4
3VHUZÄUHUJPUNHUKHK]HUJLZNYVZZ
6,393.3
6,493.1
Total liabilities
8,789.3
9,136.1
Deposits from customers
6,594.6
6,863.2
:OHYLOVSKLYZ»LX\P[`
2,349.4
2,325.3
13.6
15.3
2.9
3.1
Core capital ratio
28.2
26.3
Risk-weighted capital ratio
34.0
31.9
9.9
12.4
PROFITABILITY (RM million)
KEY STATEMENT OF FINANCIAL POSITION ITEMS (RM million)
Total assets
FINANCIAL RATIO (%)
7YVÄ[HIPSP[`9H[PVZ
9L[\YUVULX\P[ÌLMVYL[H_
9L[\YUVUH]LYHNLHZZL[ZILMVYL[H_
*HWP[HS(KLX\HJ`9H[PVZ
Before deducting proposed dividends
(ZZL[8\HSP[`9H[PV
.YVZZPTWHPYLKÄUHUJPUNYH[PV
12
&ŝǀĞͲzĞĂƌ&ŝŶĂŶĐŝĂů^ƵŵŵĂƌǇ
@LHYLUKLK+LJLTILY
2013
2012
9LZ[H[LK
2011
9LZ[H[LK
2010
2009
6WLYH[PUNWYVÄ[
338.3
410.0
305.3
449.4
355.1
319.3
355.4
376.6
376.8
182.0
PROFITABILITY (RM million)
KEY STATEMENT OF FINANCIAL POSITION ITEMS (RM million)
11,138.7
11,461.4
12,111.1
10,570.4
9,077.5
3VHUZÄUHUJPUNHUKHK]HUJLZNYVZZ
6,393.3
6,493.1
6,166.4
5,568.1
5,707.4
Total liabilities
8,789.3
9,136.1
9,943.0
8,683.2
7,753.8
Deposits from customers
6,594.6
6,863.2
7,546.5
6,452.8
5,967.4
Paid-up capital
1,000.0
1,000.0
1,000.0
1,000.0
1,000.0
:OHYLOVSKLYZ»LX\P[`
2,349.4
2,325.3
2,168.1
1,887.3
1,323.7
660.3
859.0
418.2
395.5
25.9
13.6
15.3
17.4
20.0
12.6
Total assets
Commitments and contingencies
FINANCIAL RATIO (%)
7YVÄ[HIPSP[`9H[PVZ
9L[\YUVULX\P[ÌLMVYL[H_
9L[\YUVUH]LYHNLHZZL[ZILMVYL[H_
Cost to income ratio
2.9
3.1
3.1
3.6
2.0
50.0
45.4
44.1
38.2
43.2
(ZZL[8\HSP[`9H[PV
79.2
76.5
63.2
68.7
77.7
9.9
12.4
13.8
22.1
11.9
85.3
77.5
78.3
62.0
63.4
Core capital ratio
28.2
26.3
21.9
17.8
17.9
Risk-weighted capital ratio
34.0
31.9
28.2
20.0
21.8
Capital base (RM million)
2,608.4
2,432.8
2,237.1
1,518.5
1,607.3
Tier 1 capital (RM million)
2,163.2
2,003.5
1,738.0
1,347.1
1,323.7
Tier 2 capital (RM million)
445.2
429.3
499.1
171.4
283.6
3,026
Financing to deposit ratio
.YVZZPTWHPYLKÄUHUJPUNYH[PV
Financing loss coverage
*HWP[HS(KLX\HJ`9H[PVZ
Before deducting proposed dividends
PRODUCTIVITY RATIOS
3,488
3,488
3,181
2,954
.YVZZÄUHUJPUNWLYLTWSV`LL94TPSSPVU
1.8
1.9
1.9
1.9
1.9
Deposits per employee (RM million)
1.9
2.0
2.4
2.2
2.0
7YVÄ[ILMVYL[H_WLYLTWSV`LL94TPSSPVU
0.1
0.1
0.1
0.1
0.1
No. of employees
13
&ŝǀĞͲzĞĂƌ&ŝŶĂŶĐŝĂů^ƵŵŵĂƌǇ
@LHYLUKLK+LJLTILY
3VHUZ-PUHUJPUNHUK(K]HUJLZ94TPSSPVU
6,493.1
7YVÄ[)LMVYL;H_HUKAHRH[94TPSSPVU
376.8
6,166.4
376.6
355.4
319.3
5,568.1
182.0
2009
2010
2011
2012
2013
2009
:OHYLOVSKLYZ»,X\P[`94TPSSPVU
2,168.1
2010
2011
2012
2013
9L[\YUVU(]LYHNL(ZZL[Z
3.6
2,325.3 2,349.4
3.1
1,887.3
3.1
2.9
1,323.7
2.0
2009
2010
2011
2012
2009
2013
9PZR>LPNO[LK*HWP[HS9H[PV
2010
2011
2012
2013
9L[\YUVM,X\P[`
20.0
31.9
17.4
28.2
21.8
2009
15.3
2010
2011
2012
187
)YHUJOLZ
UH[PVU^PKL
14
13.6
12.6
20.0
2013
2009
(NYVIHURLYZ
UH[PVU^PKL
2010
2011
2012
2013
1.99
4PSSPVUJ\Z[VTLYZ
UH[PVU^PKL
6<97,9:7,*;0=,
͞ŽŶǀĞǇ;ŬŶŽǁůĞĚŐĞͿĨƌŽŵŵĞ
ĞǀĞŶŝĨŝƚŝƐŽŶĞƐĞŶƚĞŶĐĞ͟
Sahih Bukhari
OUR PERSPECTIVE
ŚĂŝƌŵĂŶ͛Ɛ^ƚĂƚĞŵĞŶƚ
18
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TL NYLH[ WSLHZ\YL [V WYLZLU[ [V `V\ [OL (UU\HS
9LWVY[MVY(NYVIHURMVY[OLÄUHUJPHS`LHYLUKPUN
+LJLTILY
2013 ECONOMIC & BANKING SECTOR
LANDSCAPE
;OLNSVIHSLJVUVT`PU^HZLZ[PTH[LK[VL_WHUK
H[ H TVKLZ[ WHJL VM HTPK ^LHRLY NYV^[O PU [OL
advanced economies. The weak growth weighed
OLH]PS` VU NSVIHS KLTHUK O\Y[PUN L_[LYUHS KLTHUK
MVY SVJHS L_WVY[Z .YV^[O PU LTLYNPUN LJVUVTPLZ ^HZ
HSZVHќLJ[LKI`WVSPJ`TLHZ\YLZPU[YVK\JLK[VTHUHNL
domestic vulnerabilities.
;OL 4HSH`ZPHU LJVUVT` L_WHUKLK I` PU ! KYP]LU I` KVTLZ[PJ KLTHUK +LZWP[L
^LHRLYL_[LYUHSLU]PYVUTLU[PU[OLÄYZ[OHSMVM[OL`LHY
domestic demand remained resilient throughout the year
led by robust private sector activity. The moderate growth
WLYMVYTHUJL^HZH[[YPI\[LK[V[OLWVVYL_[LYUHSTHYRL[Z
WVVYL_WVY[ZZSV^LYNYV^[OPUYLNPVUHSLJVUVTPLZHUK
lower prices of the country’s key commodities.
;OLHNYPJ\S[\YHSZLJ[VYNYV^[OH[!^HZ
attributed mostly by higher CPO output due to better yield
amid favourable weather conditions. Production of food
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OPNOLYHZHYLZ\S[VMLќVY[Z[VPUJYLHZLMVVKZLJ\YP[`HZ^LSS
HZLќVY[Z[VPTWYV]LHNYVMVVKHUKHX\HJ\S[\YLPUK\Z[YPLZ
0UÅH[PVU YH[L YLTHPULK TVKLZ[ H[ PU ! ^P[O YH[LZ TV]PUN \W^HYKZ [V^HYKZ `LHY
end due to rising cost brought about by reduction in
subsidies such as petrol and sugar. The OPR was kept
H[ PU IHZLK VU NSVIHS LJVUVTPJ HUK ÄUHUJPHS
^LHRULZZLZHUK]VSH[PSP[`PUPU[LYUH[PVUHSÄUHUJPHSTHYRL[Z
Financing continued to support domestic economic
HJ[P]P[PLZ^P[OÄUHUJPUNILPUNZ\Z[HPULK[OYV\NOWYP]H[L
consumption and investment activity. Financing growth
MVYI\ZPULZZLZ^HZH[!K\LSHYNLS`
from securities and residential property. Financing growth
MVYWYPTHY`HNYPJ\S[\YL^HZH[ !K\L
primarily to oil palm sector. However, the growth rate of
V\[Z[HUKPUN ÄUHUJPUN MVY WLYZVUHS ÄUHUJLZ TVKLYH[LK
[VPU! HZHYLZ\S[VMWYLLTW[P]L
͞&ŝŶĂŶĐŝŶŐĂƉƉƌŽǀĂůƐĂŵŽƵŶƚĞĚ
to RM2.98 billion in 2013,
ƌĞŇĞĐƟŶŐŝŵƉƌŽǀĞĚĮŶĂŶĐŝŶŐ
ĨƌŽŵƚŚĞďƵƐŝŶĞƐƐďĂŶŬŝŶŐ
ƐĞŐŵĞŶƚǁŝƚŚŐƌĞĂƚĞƌĞŵƉŚĂƐŝƐ
ŽŶƚŚĞŵĂŶĚĂƚĞĚƐĞŐŵĞŶƚ͘͟
TLHZ\YLZPU[YVK\JLKI`)54PU1\S`[VYLPUMVYJL
responsible lending. Industry NPL ratio declined to
H[`LHYLUK
6\[SVVRHUK4V]PUN-VY^HYK
.YV^[OPUPZL_WLJ[LK[VILTVKLZ[^P[O\UL]LU
economic recovery in advanced economies. There is
Z[PSS OPNO \UJLY[HPU[PLZ PU [OL NSVIHS ÄUHUJPHS THYRL[Z
HUK]VSH[PSLJHWP[HSÅV^Z/V^L]LYMHJLK^P[OL_[LYUHS
JOHSSLUNLZ [OL 4HSH`ZPHU LJVUVT` PZ L_WLJ[LK [V
YLTHPUVUHZ[LHK`NYV^[OWH[OPUHUKPZWYVQLJ[LK
[V L_WHUK IL[^LLU [V IL Z\WWVY[LK I`
PTWYV]LK WLYMVYTHUJL PU [OL L_[LYUHS ZLJ[VY K\L [V
recovery in advanced economies.
+VTLZ[PJKLTHUKPZL_WLJ[LK[VYLTHPU[OLRL`KYP]LY
of growth. Factors driving growth will be from private
investment which is forecasted to register robust growth
driven by on-going implementation of mega projects
PUMYHZ[Y\J[\YL HUK PTWYV]LTLU[ PU L_[LYUHS KLTHUK
/V\ZLOVSK ZWLUKPUN PZ L_WLJ[LK [V TVKLYH[L IHZLK
VUYPZPUNPUÅH[PVUÔPJOPZWYVQLJ[LK[VH]LYHNLIL[^LLU
PU
;OLYL PZ L_WLJ[H[PVU VM H WVZZPISL OPRL PU 679 VM IHZPZWVPU[Z[VPU[OLZLJVUKOHSMVMÔPJO
may lead to higher lending cost. Key drivers to overall
NYV^[OPZL_WLJ[LKMYVT[OLZLY]PJLZHUKTHU\MHJ[\YPUN
ZLJ[VY^P[ONYV^[OPU[OLHNYPJ\S[\YLZLJ[VYL_WLJ[LKH[
;OL5H[PVUHS(NYVMVVK7VSPJ`+HZHY
Agromakanan Negara) and National Commodities
7VSPJ` +HZHY 2VTVKP[P 5LNHYH ,JVUVTPJ
Transformation Programme’s (ETP’s) National Key
Economic Areas (NKEAs) and EPPs (Entry Point Projects)
^PSS WYV]PKL VWWVY[\UP[PLZ MVY ÄUHUJPUN VM HNYPJ\S[\YL
projects throughout the value chain.
* Source: BNM 2013 Annual Report
19
;OL`LHY^HZPUKLLKJOHSSLUNPUNMVY(NYVIHURPU
[LYTZ VM IHSHUJPUN YPZRZ HUK WYV]PZPVU VM ÄUHUJPUN [V
[HYNL[NYV\WZHTPKJVTWL[P[PVUMYVTKVTLZ[PJÄUHUJPHS
institutions. More emphasis was placed on implementing
rigorous credit evaluation standards during the year and
on strengthening credit processes and procedures in an
LќVY[[VPTWYV]LÄUHUJPUNX\HSP[`HUKZ\Z[HPUHIPSP[`
Amid the challenges, Agrobank was able to register a net
WYVÄ[ILMVYL[H_HUKaHRH[VM94 TPSSPVUMVY[OL
`LHY -PUHUJPUN HWWYV]HSZ HTV\U[LK [V 94 IPSSPVU PU YLÅLJ[PUN PTWYV]LK ÄUHUJPUN MYVT [OL
business banking segment with greater emphasis on
[OL THUKH[LK ZLNTLU[ 0TWYV]LTLU[ PU SVHU X\HSP[`
^HZYLÅLJ[LKPU[OLSV^LYUL[ÄUHUJPUNPTWHPYTLU[YH[PV
MYVT PU [V PU :OHYLOVSKLY»Z
M\UKHTV\U[LK[V94 TPSSPVUYLNPZ[LYPUNH
PERFORMANCE
increase over the previous year.
:PUJL P[Z PUJLW[PVU PU HUK JVYWVYH[PZH[PVU
In line with the development of the agriculture sector
L_LYJPZLPU(WYPS(NYVIHUROHZYLTHPULKMVJ\ZLK
and the National Agrofood Policy (NAP) which is
in carrying out its developmental role in serving the
WYVQLJ[LK [V NYV^ H[ HU H]LYHNL YH[L VM HUK
HNYPJ\S[\YLJVTT\UP[`[OYV\NO[OLWYV]PZPVUVMÄUHUJPUN
YLZWLJ[P]LS` K\YPUN [OL 5(7 WLYPVK facilities whilst being sustainable. Towards this end and
[OL )HUR ^HZ HISL [V M\Y[OLY L_WHUK P[Z THUKH[LK
[OYV\NOV\[ [OL `LHY [OL )HUR OHZ JVU[PU\LK P[Z
YVSL[VPU]PHÄUHUJPUN[VWYPTHY`HNYPJ\S[\YL
close relationship with its stakeholders, the Ministry of
activities and activities throughout the agriculture value
Agriculture and Agro-Based Industry (MOA), Ministry
chain. Agrobank’s strength lies in its contribution to the
of Finance and Bank Negara Malaysia in ensuring
MVVK ZLJ[VY HJJV\U[PUN MVY VM [V[HS HNYPJ\S[\YL
its objectives are met especially towards the rural
ÄUHUJPUN WVY[MVSPV YLSH[P]L [V [OL IHURPUN Z`Z[LT PU
agricultural community. In line with its objectives, and for
,TWOHZPZ^HZHSZVNP]LU[V[OLUL^NYV^[OHYLHZ
NYLH[LYÄUHUJPHSPUJS\ZPVU[OL)HUR»ZWYLZLUJLPU
under the agriculture NKEA/EPP programmes.
^HZ M\Y[OLY Z[YLUN[OLULK [V [V\JO WVPU[Z ^P[O [OL
establishment of 5 new branches.
20
;OLZP_RL`Z[YH[LNPJKYP]LYZÄUHUJPHSPUJS\ZPVUMVJ\ZVU
In line with the Bank’s developmental role, advisory
TPJYVZTHSSHUKTLKP\TLU[LYWYPZLZ:4,ZZ[YLUN[OLU
services were provided to selected entrepreneurs under
O\THUJHWP[HSPTWYV]LZ[YH[LNPJHSSPHUJLZJHWP[HSPZLVU
the Agropreneur Development Program (ADP) involving
[LJOUVSVNPJHSLUOHUJLTLU[ULÎ\ZPULZZNYV^[OHYLHZ
WHY[PJPWHU[Z[OYV\NOHZLYPLZVMÄM[LLU[YHPUPUN
HUK 0ZSHTPJ )HURPUN) developed under the Bank’s Five
programmes conducted during the year. Towards this
@LHY:[YH[LNPJ7SHUJVU[PU\LK[VWYV]PKL[OL
end, the Bank will continue to work with the various
framework in the pursuit of the Bank’s vision of being
agriculture agencies in identifying the right target group.
a leading bank with a focus on agriculture. One of the
VIQLJ[P]LZ YHWPKS` ILPUN YLHSPZLK PZ [V IL H M\SSÅLKNLK
Agrobank has also recognised the importance of
0ZSHTPJ )HUR I` (Z H[ `LHYLUK TVYL
corporate
[OHU VM[V[HSNYVZZÄUHUJPUNWVY[MVSPV^HZ:OHYPHO
JVTT\UP[`HUK[OLTHYNPUHSPZLK=HYPV\ZPUP[PH[P]LZ^LYL
compliant. Heightened awareness through training
implemented during the year in the form of contributions,
and information of Islamic culture was implemented
donations, zakat and other social activities which have
[OYV\NOV\[[OL`LHYPUWYLWHYH[PVUVMM\SSÅLKNLK0ZSHTPJ
become an essential part of Agrobank’s role in fostering
banking status.
closer relationships with the targeted community.
social
responsibility
towards
the
rural
;OL )HUR JVU[PU\LK L_WHUKPUN P[Z V\[YLHJO LZWLJPHSS`
[V [OL Y\YHS HYLHZ ]PH L_WHUKPUN \[PSPZH[PVU VM P[Z
electronic banking platform through its Retail Internet
)HURPUN :LY]PJL (.965L[ WYVTV[PUN HќVYKHISL
savings, credit, remittance, insurance services and
TVIPSL IHURPUN HJ[P]P[PLZ :[YH[LNPJ HSSPHUJLZ ^P[O 46(
agencies were forged during the year with the signing
VM 4LTVYHUK\TZ VM <UKLYZ[HUKPUN 46<Z ^P[O ZP_
͞dŚĞĂŶŬǁĂƐĂďůĞƚŽĨƵƌƚŚĞƌ
ĞǆƉĂŶĚŝƚƐŵĂŶĚĂƚĞĚƌŽůĞƚŽ
ϳϰйŝŶϮϬϭϯǀŝĂĮŶĂŶĐŝŶŐƚŽ
ƉƌŝŵĂƌǇĂŐƌŝĐƵůƚƵƌĞĂĐƟǀŝƟĞƐ
ĂŶĚĂĐƟǀŝƟĞƐƚŚƌŽƵŐŚŽƵƚƚŚĞ
ĂŐƌŝĐƵůƚƵƌĞǀĂůƵĞĐŚĂŝŶ͘͟
agencies; FAMA, MARDI, Department of Fisheries,
+LWHY[TLU[VM=L[LYPUHY`:LY]PJLZ;,2<5HUK5(-(:
under the development agenda for agriculture and to
IL[[LYZLY]L[OL)HUR»ZJVYLJSPLU[ZVMTPJYVHUK:4,Z
These initiatives are in line with the key strategic drivers
to develop agriculture related businesses.
21
Moving forward, Agrobank will remain resolute in
its stakeholders in balancing its developmental role and
achieving its vision of being the leading bank with a
sustaining its growth momentum towards the country’s
focus on agriculture, and roadmap towards being a full-
]PZPVUVMILPUNHM\SS`KL]LSVWLKUH[PVUI`
ÅLKNLK0ZSHTPJ)HURI`;OL)HUR^PSSJVU[PU\V\ZS`
improve its products and services to meet the needs of
I wish to thank my fellow Board Members for their
discerning customers and introduce new ones to remain
support, contribution and commitment in serving their
competitive. The Bank will continue its transformation
duties professionally and with dedication in the past
L_LYJPZL MVY NYLH[LY LѝJPLUJ` [OYV\NO YLLUNPULLYPUN
one year. Their commitment and guidance is invaluable
its processes in support of MOA in agriculture related
and much needed in the coming year to steer the Bank
WVSPJPLZ 5(7 MVY NYLH[LY ZLSMZ\ѝJPLUJ` HUK MVVK
towards achieving its goals.
security. Last but not least, the Bank will remain close to
22
6UILOHSMVM[OL)VHYKVM+PYLJ[VYZ0VUJLHNHPUL_WYLZZ
our heartfelt gratitude to the Ministry of Agriculture
and Agro-Based Industry, Ministry of Finance, Bank
Negara Malaysia, other related ministries and agencies,
partners, customers and other stakeholders for their
unceasing support and guidance. I also wish to thank
[OL4HUHNLTLU[HUKZ[HќMVY[OLPYÄYTJVTTP[TLU[PU
ensuring the Bank’s mandated role is achieved.
We hope that the relationship among stakeholders
continue to strengthen as only with the co-operation and
support from all can we shoulder our responsibilities as
the DFI mandated to develop the country’s agriculture
sector.
;(5:90-(0A(/46/+;(/09
Chairman
23
WƌĞƐŝĚĞŶƚͬK͛Ɛ^ƚĂƚĞŵĞŶƚ
24
+LHY:OHYLOVSKLYZ
¸>OH[YLNYLZZLZUL]LYWYVNYLZZLZ¹
¶<THY(S2OH[[HI
Ever since I joined Agrobank two and a half years ago,
our focus remains the same; to chart our business plan
in providing services especially for the rural communities
͞tĞŚĂǀĞŵĂŶĂŐĞĚ
to increase the Bank’s
ŵĂŶĚĂƚĞĚůĞŶĚŝŶŐĂĐƟǀŝƟĞƐ
ƚŽŽǀĞƌϳϬйďǇĞǆƉĂŶĚŝŶŐ
ĂŶĚƌĞĚĞĮŶŝŶŐŽƵƌŵĂŶĚĂƚĞ
ƚŽŝŶĐůƵĚĞƵƉƐƚƌĞĂŵĂŶĚ
ĚŽǁŶƐƚƌĞĂŵƉƌŽĚƵĐƟŽŶ͘͟
and increase their livelihood by channeling the funds
YLX\PYLK MVY [OL WYVNYLZZ VM [OL HNYPJ\S[\YL PUK\Z[Y`
PU [OL `LHY ÔPJO PZ [V IL Z\WWVY[LK I`
By staying true to our mandated role in assisting
higher production of palm oil and rubber accompanied
agropreneurs and the Government in achieving their
by rising output from the food sector attributed to the
objectives, Agrobank is very much committed and
Government’s Entry Point Project (EPP) initiatives under
driven by a policy set forth by the Ministry of Agriculture
the National Key Economic Areas (NKEA).
and Agro-Based Industry (MOA).
(Z^LJVU[PU\L[OLWH[O[VVќLYÄUHUJPHSZ\WWVY[[V[OL
I strongly believe that the Bank is on the right track of
agricultural sector, Agrobank has participated in various
being the leading bank with a focus on agriculture with
programmes launched by Government agencies led by
[OLTPZZPVU[VWYV]PKLHM\SSYHUNLVMÄUHUJPHSZLY]PJLZPU
46(PU(TVUNZ[V[OLYZ[OLYLHYL[OL.YLLU3HUL
HTHYRL[HUKJSPLU[KYP]LUÄUHUJPHSS`Z\Z[HPUHISL^H`MVY
Policy, a programme which is targeted to acknowledge
agropreneurs, micro, small and medium entrepreneurs
the contribution of competitive and innovative local
and private individuals. We have managed to increase
:4,Z\UKLY[OL[O4HSH`ZPH7SHU",77-VVK7HYR
[OL )HUR»Z THUKH[LK ÄUHUJPUN HJ[P]P[PLZ [V V]LY Incubator) programme with the objective of creating an
I` L_WHUKPUN HUK YLKLÄUPUN V\Y THUKH[L [V PUJS\KL
integrated facility for producing ready-to-eat packed
upstream and downstream production. As a DFI, our
MVVKI`ZTHSSHUKTLKP\TLU[LYWYPZL:4,ZHUK:RPT
mandated role refers to activities relating to agriculture
Masyarakat Perdagangan & Perindustrian Bumiputera
production, processing and marketing throughout the
477)¶/<)ÔLYLSV^JVZ[^VYRPUNJHWP[HSÄUHUJPUN
value chain (upstream and downstream activities) as
PZ[VWYV]PKLÄUHUJPUN[V[OL)\TPW\[LYHLU[YLWYLUL\YZ
well as uplifting the general well being of the agricultural
involved in the agricultural sector value chain.
community targeting entrepreneurs comprising small
and medium scale enterprises.
;OL )HUR»Z NYVZZ ÄUHUJPUN IHSHUJL ^HZ YLJVYKLK H[
94 IPSSPVUJVU[YPI\[LKI`94IPSSPVUVY
;OL `LHY ^HZ JOHSSLUNPUN MVY [OL )HUR HZ ^L
JVTTLYJPHSJVYWVYH[L ÄUHUJPUN HUK 94 IPSSPVU VY
^P[ULZZLK H NYV^[O PU HNYPJ\S[\YHS ZLJ[VY .+7
MYVT JVUZ\TLY ÄUHUJPUN ;OL ÄUHUJPUN MVY [OL
MYVT[OL`LHYILMVYL;OLTPUPTHSNYV^[O^HZK\L
THUKH[LK YVSL OHZ PUJYLHZLK MYVT 94 IPSSPVU VY
[VMHJ[VYZZ\JOHZL_[YLTL^LH[OLYJVUKP[PVUZ^LHRLY
MYVT[V[HSÄUHUJPUNPU-@[V94IPSSPVUVY
commodity prices and food crop diseases. Nevertheless,
MYVT[V[HSÄUHUJPUNPU-@)HZLKVUÄUHUJPUN
the agricultural sector GDP is projected to grow to
by size, in terms of total number of accounts, the Bank
25
Due to particular emphasis on credit evaluation
͞/ƐůĂŵŝĐĮŶĂŶĐŝŶŐ
ĂĐƟǀŝƟĞƐƌĞŐŝƐƚĞƌĞĚƐƚƌŽŶŐ
ƉĞƌĨŽƌŵĂŶĐĞǁŚĞƌĞďǇ
/ƐůĂŵŝĐĂŶŬŝŶŐƉƌŽĮƚ
ďĞĨŽƌĞƚĂǆĂŶĚǌĂŬĂƚĐĂŵĞ
ŝŶĂƚZDϱϯ͘ϳŵŝůůŝŽŶ͘͟
Z[HUKHYKZ[OLX\HSP[`VMÄUHUJPUNHZZL[ZOHZPTWYV]LK
^P[O[OLNYVZZPTWHPYLKÄUHUJPUNYH[PVZYLK\JPUN[V HZH[+LJLTILY
),*6405.(-<33-3,+.,+0:3(40*)(52--0)
In order to ensure a smooth transition towards being a
M\SSÅLKNLK0ZSHTPJIHURI`[OL)HUROHZMVYTLK
OHZ YLJVYKLK VM ÄUHUJPUN MVY ZTHSS LU[YLWYLUL\YZ
a dedicated team to ensure that conventional banking
^P[O [OL HTV\U[ VM ÄUHUJPUN ILSV^ 94 LHJO
operations are converted into Islamic banking operations.
6\[ VM [V[HS ÄUHUJPUN IHSHUJL VM 94 IPSSPVU HZ H[
With this FFIB team, the purpose of streamlining the
+LJLTILY JVUZ[P[\[LZ ÄUHUJPUN ZPaL
implementation process was institutionalised so that any
SLZZ [OHU 94 LHJO *VUJ\YYLU[S` [OL )HUR
issues with respect to the conversion can be handled
YLNPZ[LYLK HU VWLYH[PUN WYVÄ[ VM 94 TPSSPVU HUK
diligently.
WYVÄ[ILMVYL[H_HUKaHRH[VM94 TPSSPVU
With this FFIB aspiration, the Bank acknowledges that
In line with the Bank’s objective in moving towards full-
:OHYPHO WYPUJPWSLZ HYL [OL MV\UKH[PVU MVY [OL WYHJ[PJL
ÅLKNLK 0ZSHTPJ )HURPUN I` [OL 0ZSHTPJ ÄUHUJPUN
VM 0ZSHTPJ ÄUHUJL [OYV\NO VIZLY]HUJL VM P[Z [LUL[Z
activities registered strong performance whereby Islamic
conditions and principles. In order to achieve this, the
)HURPUNWYVÄ[ILMVYL[H_HUKaHRH[JHTLPUH[94
Bank has strengthened its governance process pursuant
TPSSPVU .YVZZ 0ZSHTPJ ÄUHUJPUN WVY[MVSPV L_WHUKLK [V
[V[OL:OHYPHO.V]LYUHUJL-YHTL^VYRPZZ\LKI`)HUR
YLHJO94IPSSPVUHZVM+LJLTILYZW\YYLK
Negara Malaysia. Agrobank also has established its
I`Z[YVUNNYV^[OPUI\ZPULZZHUKJVUZ\TLYÄUHUJPUN
:OHYPHO JVTWSPHUJL HUK YLZLHYJO M\UJ[PVUZ ÔLYL
P[ JVUZPZ[Z VM :OHYPHO 9PZR :OHYPHO 9L]PL^ :OHYPHO
9LZLHYJO HUK :OHYPHO (\KP[ VU [VW VM [OL HKKP[PVUHS
M\UJ[PVUVM:OHYPHO;YHPUPUNHUK:LJYL[HYPH[
26
( YL]PZLK JVKL VM H[[PYL OHZ [HRLU LќLJ[ MYVT 1HU\HY`
In the same year, the Early Care and Monitoring
HZ ^L HYL JVTTP[[LK [V WVY[YH` HU 0ZSHTPJ
+LWHY[TLU[,*4+^HZTLYNLKPU[V[OL:WLJPHS(ZZL[
environment within the Bank. We had also strengthened
4HUHNLTLU[ +LWHY[TLU[ :(4+ MVY IL[[LY JVU[YVS
our parameters on training, organising the Bank’s activity
HUK TVUP[VYPUN VM J\YYLU[ HUK KLSPUX\LU[ HJJV\U[Z
HUKWYVNYHTTL[VTP[PNH[LHUÙVU:OHYPHOJVTWSPHU[
;OPZKLWHY[TLU[^HZPUZ[Y\TLU[HSPUIYPUNPUNZPNUPÄJHU[
occurances. These moves would enable us to provide
income for the year which contributed directly to the
J\Z[VTLYZ^P[OHJVTWSL[L:OHYPHOHWWYVHJOÔLU[OL
Bank’s bottom line.
time comes.
On the Electronic Banking front, within a year, the
>/(;»:5,>
AGRONet registered users have increased twofold to
\ZLYZ ! \ZLYZ ZPUJL P[Z SH\UJO PU
Product branding was one of the initiatives taken to
^P[O[V[HS[YHUZHJ[PVUZHZH[[OLLUKVM+LJLTILY
provide to the growing demand for well suited products
]HS\LKH[94TPSSPVU!94TPSSPVU
in distributions, retail, and other businesses that are
associated with agriculture. During the year under review,
*:9!A(2(;(5++65(;065:
the Bank developed and introduced a suite of products
UHTLS` 4HJOPULY` HUK ,X\PWTLU[ -PUHUJPUN 4(,-P
)LPUNHYLZWVUZPISL+-0PZ]P[HS[VV\YL_PZ[LUJL[V^HYKZ
MVY W\YJOHZL VM Ä_LK HZZL[Z PU [OL THU\MHJ[\YPUN HUK
the nation, stakeholders, clients and communities
production of agricultural products and also trade
[OYV\NOV\[ [OL JV\U[Y` 6\Y *VYWVYH[L :VJPHS
ÄUHUJPUNMHJPSP[PLZ
9LZWVUZPIPSP[` *:9 LќVY[Z HYL LTILKKLK PU V\Y JVYL
values in the way we conduct our business, develop
6\Y[YHUZMVYTH[PVULќVY[ZHYLL_[LUKLK[VL]LY`HZWLJ[
products and services, and deliver our goals and
VMV\YI\ZPULZZ/LUJLMVY[OPU1\S`^LPU[YVK\JLK
commitments to the masses.
Trade Financing products and services to the Bank’s
ZWLJPÄJ[HYNL[NYV\WZUHTLS`HNYVWYLUL\YZZTHSSHUK
(NYVIHUR OHZ Z\JJLZZM\SS` L_LJ\[LK U\TLYV\Z *:9
medium entrepreneurs and corporate customers. Bank
HJ[P]P[PLZ PU ;OLZL PUJS\KL [OL ¸:H[\ /H[P ;P[PHU
Guarantee-i, Trade Working Capital Financing-i, Letter
)\KP¹JHTWHPNU[OH[^HZOLSKPU:HYH^HRPU:LW[LTILY
of Credit-i and Murabahah Trust Receipt are among
This campaign helped the management of Agrobank
[OLÄUHUJPUNMHJPSP[PLZWYV]PKLKHUKHZH[+LJLTILY
to engage with the communities through Hari Bertemu
^L THUHNLK [V ZLJ\YL H [V[HS HWWYV]HS VM
7LSHUNNHU]PZP[PUNMHTPSPLZÔVZLOV\ZLZ^LYLHќLJ[LK
94TPSSPVU
27
I`ÄYLHUKKVUH[PUN[VYLZWLJ[P]LTVZX\LZPU:HYH^HR
orphanages whereby a total of 5 vehicles were donated
*OHUULSPUNV]LY94PUKVUH[PVUZ(NYVIHURHSZV
to Pertubuhan Kebajikan dan Penjagaan Nur Hidayah,
presented the Zakat Perniagaan to the Pusat Pungutan
Yayasan ADDIN, and YAATIM.
AHRH[:HYH^HRHTV\U[PUN[V94PU[V[HS
AWARD RECOGNITION
>L OH]L HSZV ^VYRLK ^P[O ;OL :[HY UL^ZWHWLY
by sponsoring the educational pull-out called The
For the second consecutive year, Agrobank was once
:[HY 5L^ZWHWLY PU ,K\JH[PVU ;OL :[HY5P, ÔPJO
again honoured to be awarded the Brand Laureatte
encourages primary school students to master the
Award for Best Brand in Corporate Branding, Financial
English language.
:LY]PJLZ ¶ (NYPJ\S[\YL )HURPUN MVY [OL `LHY [V
>LZ[YVUNSÌLSPL]L[OH[[OPZH^HYKNP]LUI`[OL
Looking back at our track record in giving Zakat
(ZPH 7HJPÄJ )YHUKZ -V\UKH[PVU (7)- WYV]LZ [OH[
JVU[YPI\[PVUZ[V[OLULLK`"^HZHUV[OLYZPNUPÄJHU[
(NYVIHUR»Z LќVY[Z PU JOHTWPVUPUN Y\YHS HNYPJ\S[\YHS
year where we contributed RM1.83 million worth of
sectors are recognised regionally and internationally.
Zakat Perniagaan donations nationwide. At the same
time, Agrobank also initiated vehicle donations to
28
GRATITUDE
(MOA) and other regulatory and government bodies for
their cooperation and support. Also, appreciation and
,U[LYPUN ^PSS IL HU L]LU TVYL PU[LYLZ[PUN `LHY
thanks to our loyal customers for their trust in growing
MVY [OL )HUR ÔLYL H ^PKL HYYH` VM :OHYPHO JVTWSPHU[
their businesses with us, to the Chairman and Board
products and services will be launched to support
members for placing their faith in me as President/CEO
the needs of our clients in various segments of the
of the Bank and not forgetting the Management team
JVTT\UP[` HUK PUK\Z[Y` >L ZOHSS JVU[PU\L [V L_WHUK
PUJS\KPUN HSS (NYVIHUR Z[Hќ MVY [OLPY KLKPJH[PVU
our market presence and product portfolio in response
and commitment. I believe in the capabilities of our
to the needs of our customers. More programmes are
employees in ensuring that the Bank is right on track to
PUSPUL^P[OV\YLќVY[Z[VWYV]PKLÄUHUJPUN[V^HYKZ[OL
achieving greater heights.
transformation of the agriculture industry into a modern
and dynamic sector.
Wassalam.
First and foremost, we would like to take this opportunity
[V L_WYLZZ V\Y NYH[P[\KL [V [OL Z[HRLOVSKLYZ PUJS\KPUN
Ministry of Finance (MOF), Bank Negara Malaysia
+(;6»>(546/+-(+A40>(56;/4(5
(BNM), Ministry of Agriculture and Agro-Based Industry
7YLZPKLU[*OPLM,_LJ\[P]L6ѝJLY
29
6<93,(+,9:/07
KŶĞŽĨƚŚĞŐƌĞĂƚĞƐƚƉŝĞĐĞƐŽĨ
ĂĚǀŝĐĞŐŝǀĞŶďǇƚŚĞWƌŽƉŚĞƚ
ǁĂƐ͗͞dŚĞŵŽƐƚďĞůŽǀĞĚ
ĂĐƟŽŶƐƚŽůůĂŚĂƌĞƚŚŽƐĞ
ƉĞƌĨŽƌŵĞĚĐŽŶƐŝƐƚĞŶƚůǇ͕
ĞǀĞŶŝĨƚŚĞǇĂƌĞĨĞǁ͘͟
Sahih Bukhari
OUR LEADERSHIP
Board of Directors
dŚĞŵĞŵďĞƌƐŽĨƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐĨƌŽŵ
ƚŚĞƉƌĞǀŝŽƵƐƚŽƚŚĞĐƵƌƌĞŶƚƌĞƉŽƌƚĂƌĞ͗
32
&ƌŽŵ>ĞŌƚŽZŝŐŚƚ͗
ͻE',/,<z /ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌͻ dh<Z͘^,ZE,:/EE'/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌ
ͻdK͛tEDK,&D/tEKd,DE WƌĞƐŝĚĞŶƚͬŚŝĞĨǆĞĐƵƟǀĞKĸĐĞƌͻ dE^Z/&/,DK,d,/Z/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŚĂŝƌŵĂŶ
ͻdh<^Z/,DK,,^,/Dh>>,EŽŶͲ/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌͻ RASHIDAH MOHD SIES EŽŶͲ/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌ
ͻdh<:K,Z,Dd/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌͻ D͘,/>D/dh<,:/D͘EKKZ/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌ
ͻdK͛^>,h/E^//E/ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌ;ƉƉŽŝŶƚĞĚϯDĂǇϮϬϭϯͿ
ͻd/EZh/EtE,E/&& /ŶĚĞƉĞŶĚĞŶƚEŽŶͲǆĞĐƵƟǀĞŝƌĞĐƚŽƌ;ZĞƐŝŐŶĞĚϮϴ&ĞďƌƵĂƌǇϮϬϭϯͿ
33
ŝƌĞĐƚŽƌƐ͛WƌŽĮůĞƐ
;HU :YP -HPaHO 4VOK ;HOPY was appointed as an Independent
5VU,_LJ\[P]L *OHPYTHU VM (NYVIHUR VU (\N\Z[ :OL PZ
also Chairman of the Nominating Committee and General Purpose
Committee of Agrobank.
:OL OVSKZ H 4HZ[LY»Z +LNYLL ,JVUVTPJ +L]LSVWTLU[ MYVT
>PSSPHTZ*VSSLNL<UP[LK:[H[LZVM(TLYPJHHUKH)HJOLSVY+LNYLL
(Economics) from University of Malaya.
:OLILNHUOLYJHYLLYPU[OLJP]PSZLY]PJLHZHU(ZZPZ[HU[+PYLJ[VY
at the Economic Planning Unit (EPU), Prime Minister’s Department
PU :OL OLSK ZL]LYHS RL` WVZP[PVUZ Z\JO HZ [OL 7YPUJPWHS
Assistant Director of Fisheries and Livestock Development, EPU
HUK[OL+PZ[YPI\[PVU:LJ[PVU\U[PS :OL^HZSH[LYWYVTV[LKHZ
[OL+PYLJ[VYVM[OL/\THU9LZV\YJLZ:LJ[PVUHUK[OL0UK\Z[Y`HUK
*VTTLYJL:LJ[PVUPU[OL,7<7YPVY[VOLYYL[PYLTLU[MYVT[OLJP]PS
ZLY]PJLPU+LJLTILY ZOL^HZ[OL:LJYL[HY`.LULYHSPU[OL
Ministry of Women, Family and Community Development.
;(5:90-(0A(/46/+;(/09
0UKLWLUKLU[5VU,_LJ\[P]L
*OHPYTHU
:OL PZ J\YYLU[S` H TLTILY VM [OL )VHYKZ VM .VVK`LHY 4HSH`ZPH
)LYOHK.VVK`LHY4HYRL[PUN:HSLZ:KU)OKHUK-HP[O(JYLZ:KU
Bhd.
+H[\R :LYP *OL 4VOK /HZOPT (IK\SSHO was appointed as a
5VU0UKLWLUKLU[ 5VU,_LJ\[P]L +PYLJ[VY VM (NYVIHUR VU 4H`
/L OVSKZ H 4HZ[LY»Z +LNYLL 7VSP[PJHS :JPLUJL MYVT <UP]LYZP[`
2LIHUNZHHU4HSH`ZPHH)HJOLSVY+LNYLL^P[O/VUV\YZ:V\[OLHZ[
(ZPHU :[\KPLZ MYVT <UP]LYZP[` VM 4HSH`H HUK H +PWSVTH 7\ISPJ
Administration) from the National Institute of Public Administration
(INTAN).
DATUK SERI CHE MOHD
HASHIM ABDULLAH
5VU0UKLWLUKLU[5VU,_LJ\[P]L
+PYLJ[VY
34
+H[\R :LYP *OL 4VOK /HZOPT ILNHU OPZ JHYLLY PU JP]PS ZLY]PJL PU
(TVUN[OLWVZP[PVUZOLOLSK^LYL:LUPVY7YP]H[L:LJYL[HY`
[V [OL 4PUPZ[LY VM @V\[O HUK :WVY[Z HZ ^LSS HZ 4PUPZ[LY VM 9\YHS
+L]LSVWTLU[" 7YPUJPWHS (ZZPZ[HU[ :LJYL[HY` PU [OL 7SHUUPUN HUK
=HS\H[PVU+P]PZPVU":LJYL[HY`VM[OL)\ZPULZZ+L]LSVWTLU[+P]PZPVU
in the Ministry of Entrepreneur and Cooperatives Development;
HUK +LW\[` :LJYL[HY` .LULYHS PU [OL 4PUPZ[Y` VM (NYPJ\S[\YL HUK
(NYVIHZLK 0UK\Z[Y` /L PZ J\YYLU[S` [OL :LJYL[HY` .LULYHS PU [OL
Ministry of Agriculture and Agro-based Industry.
+H[\R :LYP *OL 4VOK /HZOPT PZ HSZV H TLTILY VM [OL )VHYK VM
Trustees at Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN),
Board Member of the Fisheries Development Authority of Malaysia,
Farmers’ Advisory Council, Farmers’ Organisation Authority (LPP)
HUK4HSH`ZPHU*VVWLYH[P]L*VTTPZZPVU:24
+H[V» >HU 4VOK -HKaTP >HU 6[OTHU was appointed as
[OL 7YLZPKLU[*OPLM ,_LJ\[P]L 6ѝJLY VM (NYVIHUR VU 1\S`
/L HSZV JVUJ\YYLU[S` ZLY]LZ HZ [OL *OHPYTHU VM [OL
Management Committee, Management Credit Committee, Asset
Liability Committee, Management Information Technology and
Transformation Committee, Management Risk Committee and
Human Resource Management Committee.
He holds a Bachelor Degree in Construction Economics from
the Royal Melbourne Institute of Technology, Australia. He also
attended the Advanced Management Program (AMP) at Wharton
)\ZPULZZ:JOVVS<UP]LYZP[`VM7LUUZ`S]HUPH<:(
Prior to joining Agrobank, he was the Director of Global Financial
Banking to RHB Banking Group. He was also attached to Maybank
Group for 22 years where he held several senior management
positions including Country Head for Maybank’s branches in
London, New York and Hong Kong.
+(;6»>(546/+-(+A40
WAN OTHMAN
He is also a Board Member of the Farmers’ Organisation Authority
Malaysia (LPP).
7YLZPKLU[*OPLM,_LJ\[P]L6ɉJLY
9HZOPKHO 4VOK :PLZ was appointed as a Non-Independent
5VU,_LJ\[P]L+PYLJ[VYVM(NYVIHURVU1\UL:OLPZHSZVH
member of the Board Audit Committee, Board Credit Committee,
and Remuneration Committee of Agrobank.
:OLOVSKZH)HJOLSVY+LNYLL-PUHUJLPU)\ZPULZZ(KTPUPZ[YH[PVU
MYVT 0KHOV :[H[L <UP]LYZP[` HUK 4HZ[LY»Z +LNYLL )\ZPULZZ
(KTPUPZ[YH[PVU MYVT <: 0U[LYUH[PVUHS <UP]LYZP[` *HSPMVYUPH HZ ^LSS
as a Diploma (Public Administration) from Intan.
/H]PUN OHK L_[LUZP]L L_WLYPLUJL ^P[OPU [OL JP]PS ZLY]PJL OLY
JHYLLYOHZWYVWLSSLKOLY[VOLPNO[ZVMZPNUPÄJHUJL9HZOPKHOOHZ
ZLY]LK ^P[O [OL 4PUPZ[Y` VM -PUHUJL 0U]LZ[TLU[ :LJ[PVU PU [OL
capacity of managing Government loans, and later was involved
in the privatisation of various agencies and departments under the
Government. Rashidah was also involved in the restructuring of
Bank Pembangunan Dan Infrastruktur Malaysia Berhad as well as
Bank Industri Malaysia Berhad.
RASHIDAH MOHD SIES
5VU0UKLWLUKLU[5VU,_LJ\[P]L
+PYLJ[VY
:OL J\YYLU[S` ZLY]LZ HZ 7YPUJPWHS (ZZPZ[HU[ :LJYL[HY` PU [OL
Investment Division, Menteri Kewangan Diperbadankan (MKD) and
Privatisation Division, Ministry of Finance Malaysia.
35
+H[\R+Y:HOHYHU/HQP(UHUNwas appointed as an Independent
5VU,_LJ\[P]L+PYLJ[VYVM(NYVIHURVU 1\UL/LPZHSZV
Chairman of the Board Risk Management Committee and is a
member of the Board Audit Committee, Board Credit Committee,
Board Investment Committee, Nominating Committee and Board
General Purpose Committee of Agrobank.
/L VI[HPULK OPZ 7O+ >LLK :JPLUJL MYVT [OL <UP]LYZP[` VM
3VUKVU,UNSHUKHUK4HZ[LY»Z+LNYLL(NYPJ\S[\YL:JPLUJLMYVT
[OL :[H[L (NYPJ\S[\YL +L]LSVWTLU[ <UP]LYZP[` .OLU[ )LSNP\T
HUK )HJOLSVY +LNYLL (NYPJ\S[\YHS :JPLUJL MYVT <UP]LYZP[` VM
Malaya.
+(;<2+9:(/(9(5/(10
ANANG
+PYLJ[VY
He has held prominent positions locally and internationally
PU PUZ[P[\[PVUZ Z\JO HZ! 4HSH`ZPHU (NYPJ\S[\YHS 9LZLHYJO HUK
+L]LSVWTLU[ 0UZ[P[\[L 4(9+0 5H[PVUHS *V\UJPS MVY :JPLU[PÄJ
9LZLHYJO HUK +L]LSVWTLU[ 472:5 -VVK HUK (NYPJ\S[\YL
6YNHUPZH[PVUVM;OL<UP[LK5H[PVUZ-(6(ZPH7HJPÄJ+L]LSVWPUN
Countries to Consultative Group of the International Agriculture
9LZLHYJO*.0(9(ZPHU=LNL[HISL9LZLHYJOHUK+L]LSVWTLU[
*LU[YL(=9+*(=5,;HUK:[LLYPUN*VTTP[[LLMVY0U[LNYH[LK
Rice Pest Control (IRRI/IPMNET).
+H[\R 1VOHY *OL 4H[ was appointed as an Independent Non,_LJ\[P]L+PYLJ[VYVM(NYVIHURVU1\S`/LHSZVZLY]LZHZ
the Chairman of the Board Credit Committee and Remuneration
Committee of Agrobank.
He is also a member of the Board Audit Committee, Board
Risk Management Committee, Board Information Technology
Committee, Board Investment Committee, and Nominating
Committee.
He holds a Bachelor Degree in Economics.
+(;<216/(9*/,4(;
0UKLWLUKLU[5VU,_LJ\[P]L+PYLJ[VY
36
+H[\R1VOHYOHZ]HZ[L_WLYPLUJLPU[OLIHURPUNPUK\Z[Y`ZWHUUPUN
over 34 years and was a Board Member of Mayban Trustee Berhad,
Maybank Islamic Berhad, Mayban Life Assurance Berhad, Maybank
;HRHM\S )LYOHK 4HÌHU -PUHUJL )LYOHK 4H`ÄU (ZLHTSLHZL
)LYOHK(ZLHT*YLKP[:KU)OKHUK4HÌHU(SSPLK*YLKP[3LHZPUN
)LYOHK +H[\R 1VOHY ^HZ [OL MVYTLY *OPLM 6WLYH[PUN 6ѝJLY VM
4HÌHUR)LYOHKWYPVY[VOPZYL[PYLTLU[PU1\UL
Datuk Johar is currently a Board Representative of Amanah Raya
Berhad, overseeing the management of the company.
4K /PSTP +H[\R /HQP 4K 5VVY was appointed as an
0UKLWLUKLU[5VU,_LJ\[P]L+PYLJ[VYVU4HYJO
He is the Chairman of the Board Audit Committee and Board
Information Technology Committee. He is also a member of
the Nominating Committee and Board Investment Committee.
He is a Chartered Accountant of the Malaysian Institute of
Accountants (MIA) and a Fellow of the Association of Chartered
*LY[PÄLK(JJV\U[HU[Z(**(
Md. Hilmi has held several positions in various public listed
HUKWYP]H[LJVTWHUPLZ/PZ^VYRL_WLYPLUJLPUJS\KLZH\KP[PUN
construction, wholesaling and retailing, property development,
and privatisation of tolled highways, both locally and overseas.
4+/0340+(;<2/(10
MD. NOOR
He is currently the corporate advisor of a construction and
trading company in the Middle East and was also the Financial
Coordinator to a construction consortium in Malaysia involved
with the privatisation of a Highway Project in India.
+PYLJ[VY
5N *OPO 2H`L was appointed as an Independent Non,_LJ\[P]L+PYLJ[VYVM(NYVIHURVU-LIY\HY`/LPZHSZV
Chairman of the Board Investment Committee and is member
of the Board Credit Committee, Board General Purpose
Committee, Board Information Technology Committee, Board
Risk Management Committee and Remuneration Committee.
He is a Chartered Accountant of the Malaysian Institute of
Accountants (MIA) and a Fellow of the Association of Chartered
*LY[PÄLK(JJV\U[HU[Z(**(
Mr. Ng Chih Kaye began his career at Blinkhorn, Lyon &
Golding, Chartered Accountants, London and later at KPMG,
Kuala Lumpur. He then served Maybank for 25 years with his
SHZ[ WVZP[PVU HZ ,_LJ\[P]L =PJL 7YLZPKLU[ HUK ^HZ H )VHYK
Member of Mayban Allied Credit & Leasing Berhad.
NG CHIH KAYE
4Y 5N *OPO 2H`L PZ HSZV HU 0UKLWLUKLU[ 5VU,_LJ\[P]L
+PYLJ[VYVM*HWP[H4HSSZ4HSH`ZPH9,0;4HUHNLTLU[:KU)OK
0UKLWLUKLU[5VU,_LJ\[P]L+PYLJ[VY
agrobank
Agrobank
2013
Annual
annual
Report
report2013 00 37
+H[V» :HSLO\KKPU :HPKPU was appointed as an Independent
5VU,_LJ\[P]L+PYLJ[VYVM(NYVIHURVU4H`/LZLY]LK
HZHTLTILYVM[OL)VHYK9PZR4HUHNLTLU[*VTTP[[LL\U[PS
-LIY\HY`
He holds a Degree in Law (Hons.) from University of Malaya, Kuala
3\TW\Y+H[V»:HSLO\KKPUOHZ]HZ[RUV^SLKNLHUKL_WLYPLUJLPU
legal matters; both in Government and the private sector.
+H[V»:HSLO\KKPUILNHUOPZJHYLLYPU HZ-LKLYHS*V\UZLS
MVY [OL 4PUPZ[Y` VM +LMLUZL \U[PS /L PZ [OL 4HUHNPUN
+PYLJ[VYVM4LZZYZ:HSLO\KKPU:HPKPU(ZZVJPH[LZHUKHSZVHJ[Z
HZHU(K]VJH[LHUK:VSPJP[VYPUHYLHZVMJYPTPUHSJVYWVYH[LJP]PS
SP[PNH[PVUJVU]L`HUJPUNHUK:OHYPHO
+(;6»:(3,/<++05:(0+05
+PYLJ[VY
38
^ŚĂƌŝĂŚŽŵŵŝƩĞĞ
/ŶϮϬϭϯ͕ŐƌŽďĂŶŬĂĐĐĞƉƚĞĚƚŚĞĂƉƉŽŝŶƚŵĞŶƚŽĨƚǁŽŶĞǁ
ŵĞŵďĞƌƐƚŽŝƚƐ^ŚĂƌŝĂŚŽŵŵŝƩĞĞ;^Ϳ͘dŚĞůŝƐƚŽĨŐƌŽďĂŶŬ͛Ɛ
^ŚĂƌŝĂŚŽŵŵŝƩĞĞDĞŵďĞƌƐƵŶƟůĞĐĞŵďĞƌϮϬϭϯŝƐĂƐĨŽůůŽǁƐ͗
40
ͻZ͘DK,D^Z/<Z/ DĞŵďĞƌͻZDK,D&/ZKKh><,/ZŚĂŝƌŵĂŶ
ͻWZK&DzZd/<h>>,,:h>>,DĞŵďĞƌͻdhE,:/^D/>D,zh/EDĞŵďĞƌ
ͻZDh,DDzD/E/^D/>DĞŵďĞƌͻ,/^,Dh/E,D/^ĞĐƌĞƚĂƌǇ
ͻWZK&͘Z͘^/&h>,ZZK^>z DĞŵďĞƌ;ZĞƐŝŐŶĞĚϯϭDĂƌĐŚϮϬϭϯͿ
ͻDK,<,/Z/D͘EKZ DĞŵďĞƌ;ZĞƐŝŐŶĞĚϯϭDĂƌĐŚϮϬϭϯͿ
41
^ŚĂƌŝĂŚŽŵŵŝƩĞĞ͛ƐWƌŽĮůĞƐ
+Y4VOHTLK-HPYVVa(IK\S2OPY is a member of MIDF Islamic
(ZZL[Z:OHYPHO*VTTP[[LL459)9L[HRHM\SHUK4HÌHUR0ZSHTPJ
)LYOHK /L ^HZ HWWVPU[LK [V (NYVIHUR»Z :OHYPHO *VTTP[[LL VU
(\N\Z[/LOVSKZH+LNYLLPU0ZSHTPJ9L]LHSLK2UV^SLKNLHUK
/\THU:JPLUJLTHQVYPUNPU-PXOHUK<Z\SHS-PXOMYVT0U[LYUH[PVUHS
0ZSHTPJ<UP]LYZP[`4HSH`ZPH00<4HUKH4HZ[LY»Z+LNYLLPU:OHYPHO
from University of Malaya (UM). He also obtained his Doctorate in
Islamic Finance from University of Malaya. He is currently attached
^P[O 0U[LYUH[PVUHS :OHYPHO 9LZLHYJO (JHKLT` MVY 0ZSHTPJ -PUHUJL
0:9(HZH9LZLHYJOLY)LPUNH9LZLHYJOLYPU0:9(OLPZHJ[P]LS`
PU]VS]LKPU[OLYLZLHYJOHUKW\ISPJH[PVUVM:OHYPHOYLSH[LKPZZ\LZ
MH[^HZHZ^LSSHZ0ZSHTPJÄUHUJLWHYHTL[LYZ
+946/(4,+-(0966A
ABDUL KHIR
*OHPYTHU
7YVM4HK`H+Y([PR\SSHO/Q(IK\SSHO is Assistant Professor of
0ZSHTPJ :[\KPLZ H[ <UP]LYZP[` :HPUZ 4HSH`ZPH /L [LHJOLZ JV\YZLZ
in Islamic Law (Business Muamalat and Contract, Islamic Law
in Malaysia), Islamic Jurisprudence and Islamic Economics. He
VI[HPULKOPZ\UKLYNYHK\H[LX\HSPÄJH[PVUPU:OHYPHOMYVT<UP]LYZP[`
4HSH`H HUK 4( HUK 7O+ PU 0ZSHTPJ :[\KPLZ MYVT )PYTPUNOHT
University, United Kingdom. In addition to his teaching and service
HZ H :OHYPHO *VTTP[[LL TLTILY ZPUJL OL HSZV ZLY]LZ HZ
member of the Fatwa Commitee in Pulau Pinang.
PROF. MADYA DR. ATIKULLAH
/1()+<33(/
4LTILY
42
+Y4VOHTHK:HIYPAHRHYPH is Assistant Professor at International
Islamic University Malaysia (IIUM). He obtained his Bachelor Degree
:OHYPHOMYVT[OL<UP]LYZP[`VM(S(aOHY,N`W[/L[OLUJVU[PU\LK
OPZ Z[\KPLZ PU :OHYPHO ÔPJO L]LU[\HSS` LHYULK OPT H 4HZ[LY»Z
+LNYLL MYVT <UP]LYZP[` @HYTV\R 1VYKHU +Y :HIYP SH[LY VI[HPULK
OPZ+VJ[VYH[LMYVT00<4-PXOHUKPZOPNOS`YLNHYKLKHZHUL_WLY[
PUOPZWHY[PJ\SHYÄLSKVMZ[\K`
/LHSZVZLY]LZHZH:OHYPHO)VHYKTLTILYPUHOVZ[VM)HURPUN
Institutions and is actively involved in writing journals on matters
YLSH[LK [V )HURPUN HUK 4\HTHSH[ TH[[LYZ +Y 4VOHTHK :HIYP
AHRHYPHPZ:OHYPHO(K]PZVY[V.YLH[,HZ[LYU;HRHM\S:KU)OK40+-
.YV\WHZ^LSSHZ[OL0TWVY[,_WVY[V\[Ä[MVY[OL)HURZVM4HSH`ZPH
DR. MOHAMAD SABRI
A(2(90(
4LTILY
;\HU/HQP0ZTHPS4HOH`\KPU^HZHWWVPU[LK:OHYPHO*VTTP[[LL
TLTILY PU 1\UL /L ^HZ H ZLUPVY MLSSV^ HUK ZLY]LZ H[
Accounting Research Institute (ARI), University Technology MARA,
:OHO (SHT HUK ZP[Z VU [OL )VHYK VM +PYLJ[VYZ MVY .VVK^H`
Integrated Industries Berhad.
Ismail Mahayudin commenced his career as a graduate teacher
PULJVUVTPJZ[\KPLZPU:LRVSHO4LULUNHO+H[V»:YP(THY+P9HQH
Muar, Johor. Following his interest in commerce, he moved on
[V ZLY]L H[ )HUR )\TPW\[YH 4HSH`ZPH )LYOHK HZ HU VѝJLY H[ [OL
bank’s International Trade Department. He then served in Bank of
Commerce as a manager; overseeing its billing activities. Ismail
Mahayudin continued his career in various capacities at Bank Islam
Malaysia Berhad. He sits on the Board of Directors for Takaful
Malaysia and Bank Islam (L) LTD Labuan as well as Chairman for
BIMB Foreign Currency Clearing Agency and Wakalah Nominees.
;<(5/(100:4(03
MAHAYUDIN
4LTILY
43
+Y4\OHTTHK@HTPU0ZTHPSOHZZLY]LKHZ[OL*OPLM,_LJ\[P]L
6ѝJLYVM[OL-LKLYHS;LYYP[VY`0ZSHTPJ9LSPNPV\Z*V\UJPS\U[PS
/LWVZZLZZLZHU\UKLYNYHK\H[LLK\JH[PVUPU:OHYPHO3H^MYVT
[OL<UP]LYZP[`VM(S(aOHYPU,N`W[HUKOHZHSZVJVTWSL[LK:OHYPHO
graduate studies at the University of Malaya where he continued to
ZLLR H KVJ[VYHS KLNYLL PU :OHYPHO ,JVUVTPJZ +Y 4\OHTTHK
Yamin is also a board member of several professional organisations
such as the Professional Institute of Baitulmal MAIWP and Harta
:\JP:KU)OK
DR. MUHAMMAD YAMIN
ISMAIL
4LTILY
/PZOHT\KKPU(I/HTPK^HZHWWVPU[LK:LJYL[HY`[V[OL:OHYPHO
*VTTP[[LLPU6J[VILY/LJVTTLUJLKOPZJHYLLYPU[OLSLNHS
WYVMLZZPVUHM[LYOLÄUPZOLKOPZZ[\K`PUIV[O*P]PS3H^HUK:OHYPHO
3H^MYVT0U[LYUH[PVUHS0ZSHTPJ<UP]LYZP[`4HSH`ZPH:VVUHM[LY[OH[
OL JVU[PU\LK [V ZLLR H ZWLJPHSPZLK LK\JH[PVU PU :OHYPHO TH[[LYZ
in the same university where he completed his Bachelor of Laws
:OHYPHO
He has since been actively involved in various disciplines in Banking
litigation and has served in various establishments discharging his
tasks in such a capacity; namely, Alliance Islamic Bank and Bank
Muamalat.
/PZOHT\KKPU(I/HTPKSLUKZOPZL_WLY[PZLHUKL_WLYPLUJLPUILPUN
HJ[P]LS` PU]VS]LK PU :OHYPHO IHURPUN WYPUJPWSLZ HUK JVTWSPHUJL
matters apart from product development, advisory and training.
HISHAMUDDIN AB HAMID
:LJYL[HY`
44
DĂŶĂŐĞŵĞŶƚŽŵŵŝƩĞĞ
dŚĞŵĞŵďĞƌƐŽĨƚŚĞDĂŶĂŐĞŵĞŶƚŽŵŵŝƩĞĞ
ĨƌŽŵƚŚĞƉƌĞǀŝŽƵƐƚŽƚŚĞĐƵƌƌĞŶƚƌĞƉŽƌƚĂƌĞ͗
46
ͻDh^>/D,h^^/EŚŝĞĨZŝƐŬKĸĐĞƌͻ^DhE/^h/EŚŝĞĨ&ŝŶĂŶĐŝĂů^ĞƌǀŝĐĞƐKĸĐĞƌ
ͻdK͛tEDK,&D/tEKd,DEWƌĞƐŝĚĞŶƚͬŚŝĞĨǆĞĐƵƟǀĞKĸĐĞƌ
ͻ/E,DŚŝĞĨƌĞĚŝƚKĸĐĞƌͻ^zEh&>^,,h/E^zh>:Z^,,h/EŚŝĞĨ&ŝŶĂŶĐĞKĸĐĞƌ
ͻDzh^K&z/ŚŝĞĨKƉĞƌĂƟŽŶƐKĸĐĞƌ
ͻE/<h>>,^,h<Z/E/<Dh^dW, ŚŝĞĨdƌĂŶƐĨŽƌŵĂƟŽŶKĸĐĞƌ ;ZĞƐŝŐŶĞĚϭϴ&ĞďƌƵĂƌǇϮϬϭϰͿ
ͻEKZ,/^,D,D ŚŝĞĨ,ƵŵĂŶZĞƐŽƵƌĐĞKĸĐĞƌ;ZĞƐŝŐŶĞĚϲƉƌŝůϮϬϭϰͿ
47
MANDATED ROLE
͞/ŶĚĞĞĚ͕ůůĂŚǁŝůůŶŽƚĐŚĂŶŐĞƚŚĞ
ĐŽŶĚŝƟŽŶŽĨĂƉĞŽƉůĞƵŶƟůƚŚĞǇ
ĐŚĂŶŐĞǁŚĂƚŝƐŝŶƚŚĞŵƐĞůǀĞƐ͘͟
Surah Ar-Ra’d: 11
Our Mandated Role
-PUHUJPUN7VY[MVSPV
In line with the Bank’s mandated role, mandated
Primary agriculture and agro-based industries
ÄUHUJPUN PU PUJYLHZLK [V MYVT PU
HJJV\U[LK MVY HIV\[ VM [V[HS ÄUHUJPUN HUK
;OLÄUHUJPUNIHSHUJLPUJYLHZLK[V94 [OL YLTHPUPUN ^LYL JOHUULSLK [V^HYKZ V[OLY
TPSSPVU PU ! 94 TPSSPVU ^P[O
ÄUHUJPUN ULLKZ VM [OL HNYPJ\S[\YL JVTT\UP[`
HU H]LYHNL NYV^[O VM WLY HUU\T ;OL
:\IZLJ[VYZ ÔPJO YLJLP]LK [OL I\SR VM ÄUHUJPUN
ÄUHUJPUN IHSHUJL MVY WYPTHY` HNYPJ\S[\YL PUJYLHZLK
\UKLYWYPTHY`HNYPJ\S[\YLPUJS\KLMVVKJYVWZ
to RM3,616.2 million for the same period with an
WHST VPS SP]LZ[VJR HUK ÄZOLYPLZ
H]LYHNLNYV^[OYH[LVMWLYHUU\T
4HUKH[LK-PUHUJPUN94TPSSPVU
4,465.8
(69%)
4,029.7
(65%)
5,000.0
4,713.8
(74%)
4,000.0
2,136.7
(35%)
3,000.0
2,027.3
(31%)
1,679.5
(26%)
Mandated
2,000.0
1,000.0
Non-mandated
0.0
2011
2012
2013
-PUHUJPUN)HSHUJL94TPSSPVU
RM mill
6,493.1
7,000.0
6,393.3
6,166.4
5,707.4
5,568.1
6,000.0
5,000.0
3,415.1
4,000.0
2,998.1
3,000.0
3,616.2
3,183.4
2,592.8
Total Primary Agriculture
2,000.0
1,000.0
Total Financing Balance
0.0
2009
50
2010
2011
2012
2013
(NYPJ\S[\YL-PUHUJPUN)HSHUJL94TPSSPVU
1,400.0
1,200.0
1,000.0
800.0
600.0
400.0
200.0
0.0
2009
2010
Food Crops
2011
2012
Fisheries
6U [OL ÔVSL (NYVIHUR»Z ÄUHUJPUN Z[YLUN[O SPLZ PU
Livestock
Fisheries
435.5
vegetables, and paddy which have registered an
11.7%
`LHYZV\[Z[YPWWPUNNYV^[OVM WLYHUU\TMVY[OL
non-food segment. The sound growth in the food
Oil Palm
(NYPJ\S[\YL-PUHUJPUN94TPSSPVUZOHYL
RL` MVVK JVTTVKP[PLZ Z\JO HZ ÄZOLYPLZ SP]LZ[VJR
H]LYHNLNYV^[OVMWLYHUU\TPU[OLWHZ[Ä]L
2013
Agro-Based Process
124.0
3.3%
Livestock
700.8
Forestry
34.5
18.7%
0.9%
Others
181.3
ZLNTLU[OHZLUHISLK(NYVIHUR[VYHPZLP[ZÄUHUJPUN
4.8%
THYRL[ZOHYL[VPUMYVTPU Oil Palm
1,011.7
Food Crops
1,252.4
27.1%
33.5%
5\TILYVM(JJV\U[ZMVY7YPTHY`(NYPJ\S[\YL
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
Food Sectors
20,000
Non-food
10,000
Primary agriculture
0
2009
2010
2011
2012
2013
51
5\TILY VM (JJV\U[Z MVY -VVK :LJ[VY 5\TILYZOHYL
Herbs and Spices
571
Fisheries
6,337
9.5%
0.9%
Livestock
7,127
Vegetables
18,239
10.7%
94TPSSPVUZOHYL
Herbs and Spices
3.6
Fisheries
131.9
27.5%
13.7%
0.4%
Livestock
328.5
Vegetables
216.1
34.0%
22.4%
Paddy
22,584
Fruits
11,557
Paddy
180.4
Fruits
104.7
34.0%
17.4%
-PUHUJPUN(WWYV]HSMVY-VVK:LJ[VY
18.7%
10.8%
;OL U\TILY VM ÄUHUJPUN HJJV\U[Z L_JLLKLK
PUVMÔPJO ^HZ\UKLYWYPTHY`
;V[HS HWWYV]HSZ PU HTV\U[LK [V 94 IPSSPVU
agriculture. In line with the National Agrofood Policy,
ÔPJO NYL^ H[ HU H]LYHNL VM WLY HUU\T K\YPUN
5(7 [OL U\TILY VM ÄUHUJPUN MVY [OL MVVK ZLJ[VY
0U[HUKLT^P[OUH[PVUHSWVSPJ`[VYHPZL[OL
PUJYLHZLK MYVT PU [V PU supply of food and enhance food security, Agrobank
NYV^PUNHUH]LYHNLVMWLYHUU\T
YLTHPULK JVTTP[[LK [V WYV]PKL ÄUHUJPUN [V [OL MVVK
ZLJ[VY ÔPJO YLWYLZLU[LK VM [V[HS HWWYV]HSZ
-PUHUJPUN(WWYV]HSMVY7YPTHY`(NYPJ\S[\YL
(RM million)
80,000
70,000
60,000
50,000
40,000
Food Sectors
30,000
20,000
Non-food
10,000
Primary agriculture
0
2009
52
2010
2011
2012
2013
Under the food segment, the largest approval amount
HUK ZTHSS LU[LYWYPZLZ PZ [OL SHYNL U\TILY VM ÄUHUJPUN
^LU[[VSP]LZ[VJR]LNL[HISLZHUKWHKK`
HJJV\U[ZVM[V[HSILPUN\UKLY94HUK
Z\IZLJ[VYZ
YLWYLZLU[LK HJJV\U[Z VM 94 [V 94
(JJV\U[Z94HUKHIV]LYLWYLZLU[LKVUS`
The Bank’s focus still remains on the micro, small and
VM HSS ÄUHUJPUN HJJV\U[Z 0U [LYTZ VM ]HS\L OV^L]LY
TLKP\T LU[LYWYPZLZ :4,Z ÔPJO OH]L ILLU [OL JVYL
ÄUHUJPUNVM94HUKILSV^HJJV\U[LKMVY
business for the bank. A clear indication that the Bank
TPJYV! ÔPSZ[ ÄUHUJPUN VM 94 VY TVYL
is largely servicing the small-scale farmers for micro
JVUZ[P[\[LKHIV\[ VM[V[HSÄUHUJPUN
-PUHUJPUNI`:PaL5VVM(JJV\U[ZOHYL
>=1,000,000 - <5,000,000
330
0.1%
Other
116
0.1%
>=500,000 - <1,000,000
439
0.2%
>=100,000 - <500,000
12,681
5.4%
>=50,000 - <100,000
32,839
14.1%
<50,000
186,650
80.1%
-PUHUJPUNI`:PaL94TPSSPVUZOHYL
>=500,000 - <1,000,000
182.7
2.8%
>=100,000 - <500,000
1,493.2
23.4%
>=50,000 - <100,000
1,558.3
24.4%
>=1,000,000 - <5,000,000
417.3
6.5%
Other
1,029.9
16.1%
<50,000
1,711.9
26.8%
53
MANDATED ROLE
&ŝŶĂŶĐŝĂů^ĞƌǀŝĐĞƐŝǀŝƐŝŽŶ
;OL -PUHUJPHS :LY]PJLZ +P]PZPVU -:+ JVUZPZ[Z VM [OL
:\WWVY[I`)\ZPULZZ)HURPUNPUWYPTHY`HNYPJ\S[\YLK\YPUN
business units Consumer Banking, Business Banking and
[OL `LHY ZH^ YVI\Z[ NYV^[O PU VPS WHST WV\S[Y`
Trade Finance as core business pillars that work together
and ruminant sectors. In addition, participation in several
with the other business enrichment units comprising
national development programmes such as the economic
Electronic Banking, Product Research and Development, and
JVYYPKVYZ ,*,9 5*,9 HUK :+* HUK JVSSHIVYH[PUN ^P[O
Business Planning and Performance Monitoring team to
<UP[ (NYVWYLUL\Y 4\KH (UAM) under MOA to launch
SVVRH[VWWVY[\UP[PLZMVYL_WHUKPUN[OLI\ZPULZZYLHJOHUK
Program Agropreneur Muda to produce progressive,
WYVK\J[JHWHIPSP[PLZPUM\SÄSSPUN[OL)HUR»ZTHUKH[LKYVSL
competitive, creative and innovative Young Agropreneurs
have contributed to strengthening the mandated role of
The following key strategic areas have been given emphasis
Agrobank. As in the past, the Bank has worked closely
I`[OL-:+[VPTWYV]LI\ZPULZZNYV^[OHUKJVU[YPI\[PVU[V
with various Government agencies such as TEKUN, FAMA,
[OLV]LYHSSWYVÄ[HIPSP[`HUKZ\Z[HPUHIPSP[`VM[OL)HUR!
HUK+LWHY[TLU[VM(NYPJ\S[\YLMVY[LJOUPJHSL_WLY[PZLHUK

.YV^PUNJ\Z[VTLYIHZL"
[VLUZ\YLÄUHUJPUNPZJOHUULSSLK[V[OLYPNO[[HYNL[NYV\W

0U]LZ[PUNPU[LJOUVSVNPJHSZVS\[PVUZ"
LZWLJPHSS`TPJYVHUK:4,Z]PHJVUZ\S[H[P]LJOHUULSZ

,UOHUJPUN JHWHIPSP[PLZ HUK WSH[MVYTZ [V ZLY]L
customers; and,

0TWYV]PUN PU[LYUHS WYVJLZZLZ HUK VWLYH[PVUHS
LѝJPLUJ`
54
-:+ *VUZ\TLY )HURPUN HYT WYV]PKLZ UV[ VUS` ÄUHUJPUN
inclusion. Three pilot locations have been deployed in
solutions to improve the well-being of customers but also
+LJLTILY \UKLY 7LY[\I\OHU 7LSHKHUN 2H^HZHU
other banking services such as deposit mobilisation and
(PPK) through strategic collaboration with National Farmers
payment services such as insurance facilities and utility
(ZZVJPH[PVU5(-(:
payment.
;OL`LHY^PSSZLL[OL)HURZ[YLUN[OLUPUNP[ZTHUKH[LK
Emphasis by Electronic Banking Department (EBD) is
role through continuous support of MOA’s policies and
on providing e-banking channel to enhance customer-
programmes in line with the National Agrofood Policy and
JLU[YPJP[` HUK PTWYV]L V]LYHSS J\Z[VTLY L_WLYPLUJL ;OL
National Commodities Policy and customer migration to
RL` MVJ\Z VM ,)+ PU ^HZ VU L_WHUKPUN [OL IHZL
e-payment platform being one of the key KPI for EBD. The
in areas of AGROKad-ATM services, and AGRONet, the
PTWSLTLU[H[PVU VM 4`*SLHY» -PUHUJPHS 7YVJLZZ ,_JOHUNL
internet banking service for retail customers. A new banking
(FPX) and Direct Debit Collection, Interbank GIRO transfer
JOHUULS¸(.96(NLU[¹[OL)HUR»Z(NLU[)HURPUNZLY]PJL
service via ATM and introduction of National Bill Payment
was established during the year aimed at providing service
:JOLTL5)7:]PH(.965L[^PSSHSZVILPUJS\KLKPU
especially to the underserved community, agricultural
[VM\Y[OLYL_WHUK(NYVIHUR»ZYLHJO[VJ\Z[VTLYZIV[OY\YHS
ZLJ[VY HUK J\Z[VTLYZ PU [OL Y\YHS HYLHZ MVY ÄUHUJPHS
and urban.
55
ŐƌŽƉƌĞŶĞƵƌĞǀĞůŽƉŵĞŶƚWƌŽŐƌĂŵŵĞ
The Agropreneur Development Programme (ADP) was
develop agriculture into a fast growing business. ADP’s
MVYTLKPU^P[O[OLTPZZPVU[VU\Y[\YLHNYVWYLUL\YZ
THPU VIQLJ[P]LZ HYL [V L_WVZL V\Y J\Z[VTLYZ HUK
from
successful
future customers to basic skills such as accounting,
agropreneur locally and globally in line with the national
THUHNLTLU[VMJHZOÅV^HUKKL]LSVWTLU[VM)\ZPULZZ
agriculture development agenda. Its objectives are
Plan, through training, seminars, forums and workshops.
start-up
stage
to
becoming
a
to provide knowledge, skill and correct attitude, with
ÄUHUJPHS HUK [LJOUPJHS JVTWL[LUJPLZ [OH[ HYL ]P[HS MVY
(U0UK\Z[Y`:WLJPHSPZ[<UP[^HZHSZVLZ[HISPZOLKPU
project and business success. It is the Bank’s concern
and its main function is to research and understand the
that our customers remain merely farmers and are
industry’s changes and challenges and to proactively
unable to evolve into successful entrepreneurs and
provide advisory services.
MICRO
ADP I & II
/!
/!!
/!!!
/!-
/-
/-!
/-!!
&+)()&,)* !(
&#!&)',+*&)-!*
,*!&**)'"+$&&!&
&!&!&*+& )')%&'+!-+!'&
)'"+&!&&!$$&&!&
*!*
'$'$&+)()&,)*
)'&%&+& Te &'$'.)!&++!'&
SMALL
MEDIUM
ADP III
/!
/!!
/!!!
/!-
/-
/-!
&+)()&,)* !(
(!!&#!&)',+*&
)-!s
'%%)!$Tr,*
&!&!&*+& )')%&'+!-+!'&
)'"+&!&&!$$&&!&
&+)%!+e
)'&%&+& Te &'$'.)!&++!'&
ADP IV
/!
/!!
/!!!
/!-
/-
/-!
&+)()&,)* !(
&+)&+!'&$&#!&!&&
&+)&+!'&$Tr,*
&!&!&*+& )')%&'+!-+!'&
)'"+&!&&!$$&&!&
-&
)',+&Te &'$'.
*) -$'(%&t
0UÄM[LLUJV\YZLZ^LYLJVUK\J[LK\UKLY[OL(+7
H[`LHYLUK;OL)HUR^PSSJVU[PU\L[V^VYR^P[O
involving 343 customers bringing the total number of
MOA and its agencies in identifying future entrepreneurs
entrepreneurs undergoing training by the Bank to 11,665
for the programmes conducted.
56
Entrepreneur Success Stories
(NYVIHUROHZILLUYLSLU[SLZZPUP[ZW\YZ\P[[VH\NTLU[HNYPJ\S[\YL]LU[\YLZHUKWYVTV[LZVWOPZ[PJH[PVU[OYV\NOÄUHUJPUN
HUKVќLYPUN]HYPV\ZMVYTZVMHZZPZ[HUJL4HU`VMZ\JOYLJPWPLU[ZOH]LILJVTLH[LZ[HTLU[VM[OL)HUR»ZLUKLH]V\YZ
and ultimate objective.
3PZ[LKILSV^HYLML^VMTHU`ÔVOH]LYLHSPZLK[OLPYHTIP[PVUZ[OYV\NO(NYVIHUR»ZWYVK\J[ZHUKZLY]PJLZ!
1,9<24(+<7(2(30,5;,9790:,
(SP6THYHJX\PYLKÄUHUJPUNHPKMVYOPZWPJRSLWYVK\JPUNVWLYH[PVUZ[OYV\NO(NYVIHURTPJYVJYLKP[ZWYVWLY[`VÛLYZOPW
ZJOLTLZHUKJVTTLYJPHSJYLKP[ZMHJPSP[PLZ>P[OIL[[LY^VYRPUNL_WLUKP[\YLHZ^LSSHZOPNOLYL_WLUKP[\YLJHWHIPSP[ÒL
^HZHISL[VPUP[PH[LWLUPUZ\SHY^PKLTHYRL[PUNHUKL_WHUKIL`VUK[OH[/PZWYVK\J[ZHYLHSZVUV^H]HPSHISLPU;OHPSHUK
:V\[O(MYPJH,UNSHUKHUK[OL4PKKSL,HZ[;VKH`1LY\R4HK\7HR(SP,U[LYWYPZLLTWSV`ZZ[HќHUKOHZJ\S[P]H[LK
OLJ[HYLZVMWSHU[H[PVUSHUK
57
7,950(.((5A<32695(05
:[HY[PUN^P[OHIHJR`HYKJH[[SLMHYTPUNI\ZPULZZ"A\SRVYUHPUIPU/\ZZHPUZV\NO[ÄUHUJPUNÔPJOZHÔPZI\ZPULZZL_WHUK
ZPNUPÄJHU[S`" HJX\PYPUN H IPNNLY SV[ MVY OPZ VWLYH[PVUZ TLHZ\YPUN OLJ[HYLZ PU 2HTW\UN )HRVUN ;VKH` OL OHZ
become a well-known meat supplier in Kedah and Perlis. In addition, he has also opened a frozen products store. He
L_WLJ[Z[VL_WHUKOPZI\ZPULZZM\Y[OLYPU[OLM\[\YL^P[O[OLHJX\PZP[PVUVMHZSH\NO[LYOV\ZLZSH\NO[LYPUNTHJOPULZHUK
cowsheds.
58
GANTANG ENTERPRISE
>P[OHUPUP[PHSZ[HY[\WJHWP[HSVM944VOHTHK/HZHUIPU4VOHTLK9H^[OLYVWLYH[LK^P[OTPUPTHSLX\PWTLU[
0UOLTV]LK[VH[OYLLHJYLZP[LPU2HTW\UN4LUNR\HUN/\Q\UN)HSPUN/HZZHU[OLUZV\NO[ÄUHUJPUN\UKLY
4VKHS <ZHOH^HU4HSH`ZPH 4<:4 HUK :RPT 4HZ`HYHRH[ 7LYKHNHUNHU 7LYPUK\Z[YPHU )\TPW\[LYH 477) ÔPJO
THKLP[WVZZPISL[VHKKUL^LX\PWTLU[HUKTHRLM\Y[OLYPTWYV]LTLU[Z[VOPZMHJ[VY`/HZZHU^HZH^HYKLK¸(U\NLYHO
7LSHKHUN1H`H7LYPUNRH[5LNLYP¹PUHUK¸(U\NLYHO7LSHKHUN1H`H7LYPUNRH[2LIHUNZHHU¹PU;OPZPZPUSPNO[VM
OPZKHPS`V\[W\[VMHWWYV_PTH[LS`[VUUL4VYLPTWVY[HU[SÒPZZ\JJLZZPZV^LK[V[OLJVTIPUH[PVUVM[OLZWLJPHS[HZ[L
VM2VWP*HW.HU[HUNHZ^LSSHZ[OLÄUHUJPHSHPKWYV]PKLKI`(NYVIHUR
59
7,.(.(<(8<(*<3;<9,:+5)/+
7LNHNH\OVSKZHJYLZVMSHUKHUKWVUKZPUP[Z<THZ<THZMHYTHZ^LSSHZHJYLZVMSHUK^P[OWVUKZPU
Apas Parit, Tawau. Pegagau sought assistance in bringing improvements to its operations in the form of upgrades and
L_WHUZPVUZ*\YYLU[S`P[ZHUU\HSZOYPTWWYVK\J[PVUPZ4;HUKPZL_WLJ[LK[VPUJYLHZL[V4;[OPZ`LHY]HS\LK
H[ 94 TPSSPVU VM P[Z WYVK\J[Z HYL L_WVY[LK [V 1HWHU 2VYLH ;HP^HU HUK =PL[UHT 7LNHNH\»Z Z\JJLZZ OHZ
prompted the company to venture further into Grouper farming.
60
OUR ACHIEVEMENTS
AND EVENTS
“Allah knows exactly what to give
you to help you return to Him. The
events in your life are purposeful,
appropriate & non-random.”
Shaykh Hamza Yusuf
OUR ACHIEVEMENTS AND EVENTS
ŽƌƉŽƌĂƚĞĐƟǀŝƟĞƐϮϬϭϯ
January 2013
31/1/2013
Soft launch of Agrobank’s
branch at UTC Felda
Tenggaroh (2), Johor
February 2013
14/2/2013
Dato’ Wan Mohd Fadzmi Wan
Othman with contest winners
of Le Tour de Langkawi
15/2/2013
Prime Minister, Dato’ Sri Mohd Najib
Tun Abdul Razak launches Agrobank’s
new branch at UTC Perak
March 2013
14/3/2013
The Star-News in Education (Star-NiE)
Programme at SK Cerana Putih, Alor Gajah,
Melaka.
12/3/2013
Agrobank Scholarship Award
Programme
17/3/2013
Zakat contribution in Bachok,
Kelantan
64
21/3/2013
Majlis Bersama Rakyat - DYTM Tuanku Syed
Faizuddin Jamalullail, Raja Muda (Crown
Prince) of Perlis (second from right) at the
Tuanku Bersama Agrobank dan Rakyat event
April 2013
9/4/2013
Agrobank’s
5th Anniversary
Celebration
27/4/2013
Former Minister of Agriculture and AgroBased Industry, Dato’ Seri Noh Omar
(second from left) launches Agrobank’s
new branch in Sungai Buloh
28/4/2013
Dato’ Seri Noh Omar launches Agrobank’s
ATM at Pasir Panjang, Kelantan
11/4/2013
Prime Minister, YAB Dato’ Sri Mohd Najib Tun
Abdul Razak launches Agrobank’s new branch
at UTC Pahang
30/4/2013
Ustaz Wan Akashah and Datuk Ustazah
Siti Norbahyah at Semanis Kurma Talk
Show held at Agrobank HQ
65
May 2013
2/5/2013
Dato’ Wan Mohd
Fadzmi Wan
Othman provides
cash contribution to
the underprivileged
at Tanjung Karang,
Selangor
28/5/2013
Agrobank was honoured with the Best Brands in
Financial - Agriculture Banking Award 2012-2013
21/5/2013
Car Donation for
PERKAYA in Baling,
Kedah
30/5/2013
Ustaz Don Daniyal giving a talk to employees
at Agrobank HQ
June 2013
14/6/201
6ѝJPHS]PZP[I`@)
Dato’ Sri Ismail Sabri
Yaakob, Minister
of Agriculture and
Agro-based Industry
(second from right) to
Agrobank’s HQ
14/6/2013
MoU between all agencies under Ministry of Agriculture
and Agro-based Industry (MOA) with Agrobank
66
27/6/2013
6ѝJPHSSH\UJOVM(.965L[I`
Second Finance Minister, Dato’ Seri
Ahmad Husni Mohamad Hanadzlah
(second from right)
July 2013
September 2013
16/7/2013
Zakat contribution
and vehicle donation
- Pertubuhan
Kebajikan dan
Penjagaan
Nur Hidayah,
Sungai Buloh
5/9/2013
YB Dato’ Sri
Ismail Sabri
Yaakob with
children from
orphanage
23/7/2013
Dato’ Wan Mohd
Fadzmi Wan
Othman (right) in
‘Bual Biz’ talk show,
RTM1
August 2013
2/8/2013
Zakat contribution
– Chenor, Pahang
5/9/2013
YB Dato’ Sri Ismail Sabri Yaakob
H[[LUKPUN(NYVIHUR»Z/HYP9H`H(PKPSÄ[YP
Celebration
23/8/2013
Corporate Hari
9H`H(PKPSÄ[YP
Celebration
5/9/2013
6ѝJPHS]PZP[
by Tanzanian
Delegation
67
October 2013
9/10/2013
Prize giving
ceremony –
‘Let’s AGRONet’
campaign
22/10/2013
Car donation event –
Yayasan ADDIN,
Perak
November 2013
9/11/2013
Agrobank’s booth during Hari Penternak dan
Peladang Peringkat Kebangsaan (HPPNK)
2013 in Kuantan, Pahang
9/11/2013
YAB Dato’ Sri Mohd Najib Tun Abdul Razak
giving a speech during HPPNK’s Opening
Ceremony
23/10/2013
TYT Tun Datuk Seri Utama Mohd Khalil Yaakob,
Yang Di-Pertua Negeri Melaka receiving Agrobank’s
zakat contribution on behalf of Pusat
Pungutan Zakat (PPZ) Melaka
68
ǁĂƌĚƐĂŶĚZĞĐŽŐŶŝƟŽŶ
2013
2012
The BrandLaureate Awards 2013,
Best Brands in Financial – Agriculture Banking
The BrandLaureate Awards 2012,
Best Brands in Financial – Agriculture Banking
Agrobank took home the prestigious The BrandLaureate
Award 2012, Best Brands in Financial – Agriculture
)HURPUNHJJVYKLKI`;OL(ZPH7HJPÄJ)YHUKZ
Foundation (APBF).
Agrobank won The BrandLaureate Award 2013 in
the category of Best Brands in Financial – Agriculture
Banking for two consecutive years accorded by The
(ZPH7HJPÄJ)YHUKZ-V\UKH[PVU(7)-
Malaysia’s 100 Leading Graduate Employers 2012
Ranked 76th Most Preferred Employer,
Agrobank was voted one of Malaysia’s 100 Leading
Graduate Employers for the year of 2012.
ϳϬ
2010
Emerging Bank of the Year
Agrobank received the prestigious ‘Emerging Bank
of the Year’ award during the Malaysia Business
Leadership Awards 2010 Ceremony.
Anugerah Perak – Jualan Wasiat Tertinggi
Agrobank received the Anugerah Perak –
Jualan Wasiat Tertinggi Antara Bank from
Amanah Raya Berhad (ARB).
National Service Challenge 2010
2008
Agrobank received three awards in the National
Service Challenge organised by Focus Learning
2009
Top Development Financial Institution (DFI) 2008
Agrobank was conferred ‘Top DFI 2008’ award from
Credit Guarantee Corporation Malaysia Berhad (CGC)
at the Top SMI Supporter Awards 2008.
National Service Challenge 2009
Agrobank took home three awards in the National
Service Challenge organised by Focus Learning.
ϳϭ
CORPORATE
GOVERNANCE
“Then when you have
taken a decision, put
your trust in Allah.”
Surah Ali-Imran: 159
CORPORATE GOVERNANCE
^ƚĂƚĞŵĞŶƚŽĨŽƌƉŽƌĂƚĞ'ŽǀĞƌŶĂŶĐĞ
Composition of the Board of Directors
The Board of Directors and their attendance in 2013
Board Meetings are as follows:
As at 31 December 2013, the Board of Directors
Board Members
Position
Attendance* %
the Chairman) and one (1) executive director, the
Tan Sri Faizah Mohd Tahir
Chairman
14/14
Datuk Seri Che Mohd Hashim Abdullah
Member
9/14
Rashidah Mohd Sies
Member
14/14
100
Datuk Dr Saharan Haji Anang
Member
14/14
100
Datuk Johar Che Mat
Member
14/14
100
Md. Hilmi Datuk Haji Md Noor
Member
13/14
93
Ng Chih Kaye
Member
13/14
93
comprised eight (8) non-executive members (including
The Board consists of members with vast experience
PU]HYPV\ZÄLSKZZ\JOHZI\ZPULZZÄUHUJLHJJV\U[PUN
economics and agriculture. One (1) director is a
64
representative of Ministry of Finance (MOF) while another
DatoҋSalehuddin Saidin
director represents the Ministry of Agriculture and Agro-
(Appointed 3 May 2013)
Member
5/9
56
Based Industry (MOA).
DatoҋWan Mohd Fadzmi Wan Othman
Member
13/14
93
Datin Ruzaina Wan Haniff
Member
1/2
50
(Resigned : 28 February 2013)
0[PZZ\ѝJPLU[[VZH`[OH[[OL)VHYKVM+PYLJ[VYZJVUZPZ[Z
* Reflects the number of meetings held during the period the Directors held office.
of members that represent various interests that can
improve the Bank’s performance as well as have the
Appointment of Board of Directors
ability to make sound judgments and decisions on
issues involving the Bank’s strategy, implementation and
Appointment of each member of the Board of Directors
performance.
is subject to the Bank Pertanian Malaysia Berhad
Act 2008 and the Company’s Articles of Association
HZ ^LSS HZ ]LYPÄJH[PVU MYVT )HUR 5LNHYH 4HSH`ZPH
as prescribed under subsection 6(1), Development
Financial Institutions Act 2002. The period for the Board
VM+PYLJ[VYZ»ÄYZ[HWWVPU[TLU[PZUV[L_JLLKPUN[^V
years and subsequent re-appointment tenure of one (1)
year.
74
100
Objective
Directors are expected to contribute actively to the
function of the Board and to allocate adequate time and
The Board performs its oversight role by ensuring that
LќVY[[VKPZJOHYNL[OLPYK\[PLZLќLJ[P]LS`
the Bank implements prudent policies and practices.
The Board also ensures maximisation of shareholders’
Directors must attend at least 75% of the meetings held
PU[LYLZ[ [OYV\NO KPSPNLU[ V]LYZPNO[ VM [OL )HUR»Z HќHPYZ
PUHÄUHUJPHS`LHY
The Board establishes, among others, the corporate
values, vision and strategy that will direct the Bank’s
In 2013, the Board of Directors met twelve (12) times in
HJ[P]P[PLZ HUK YLTHPUZ H^HYL VM [OL [`WLZ VM ÄUHUJPHS
addition to two (2) special meetings.
activities the Bank intends to pursue.
The management is responsible for providing the Board
The Board is responsible to act in the Bank’s best
with complete, accurate and adequate information in a
interest and to protect it from inappropriate actions or
timely manner prior to the Board Meetings on an ongoing
PUÅ\LUJLZ VM KVTPUHU[ VY JVU[YVSSPUN ZOHYLOVSKLYZ [OH[
basis. This enables the Board to examine and review the
are detrimental or not in the best interest of the Bank and
matters to be discussed at the Board meetings and to
its shareholders and stakeholders.
make sound judgments and decisions.
Board Meetings and Supply of Information to the
All Directors have access to all information and records
Board of Directors
of the Bank as well as the advice and services of the
Company Secretary who is also the secretary to the
The Board of Directors holds meetings at least once a
Board Committees.
month while Special Board Meetings are held as and
when required.
75
^ƚĂƚĞŵĞŶƚŽĨZŝƐŬDĂŶĂŐĞŵĞŶƚ
The Bank embraces risk management as an integral
1. The risk management approach is based on the
component of the Bank’s business, operations and
three lines of defence, namely risk-taking units, risk
decision making process. In ensuring that the Bank
control units and internal audit.
achieves optimum returns whilst operating within a
2
Risk-taking units are responsible for the day-to-
sound business environment, the risk management
day management of inherent risks in their business
team is involved at the early stage of the risk taking
activities while risk control units are responsible to
process by providing independent input including
establish risk management frameworks and develop
relevant valuations, credit evaluations, new product
[VVSZ HUK TL[OVKVSVNPLZ MVY [OL PKLU[PÄJH[PVU
assessment, etc. These input enables the business to
measurement, mitigation, monitoring, control and
be priced appropriately in relation to return.
reporting of risks. Complementing the two lines of
defence is Internal Audit, which provides independent
The key strategic objectives of risk management are:
HZZ\YHUJL VM [OL LќLJ[P]LULZZ VM [OL YPZR
management approach.
;V WYV[LJ[ (NYVIHUR»Z ÄUHUJPHS ZV\UKULZZ I`
3. Risk management provides oversight function for the
aligning the Bank’s risk appetite with the available and
major risks, including credit risk, market risk, liquidity
desired risk capital levels.
YPZRVWLYH[PVUHSYPZRHUKV[OLYPUK\Z[Y`ZWLJPÄJYPZRZ
;V WYV[LJ[ (NYVIHUR»Z YLW\[H[PVU I` WYLZLY]PUN [OL
integrity of the Bank’s business.
;VPUJ\SJH[LHYPZRH^HYLULZZHUK[YHUZWHYLUJ`J\S[\YL
HJYVZZ[OLVYNHUPZH[PVUPU]VS]PUNHSSSL]LSZVMZ[Hќ
;V LZ[HISPZO YPZR HZ HU LZZLU[PHS HUK PU[LNYHS
component in making sound commercial decisions.
;V W\[ PU WSHJL YPZR THUHNLTLU[ PUKLWLUKLU[ VM
business activities.
4. Risk management ensures that the core risk policies
of the Bank are consistent, sets the risk tolerance
level and facilitates the implementation of an
integrated risk-adjusted measurement framework.
5. Risk management is functionally and organisationally
independent of business units and other risk-taking
units within the Bank.
6. The Board, through the Board Risk Management
Committee is responsible for the oversight function
Seven Broad Risk Management Principles
on overall risk exposed by the Bank.
7. Risk management is responsible for the execution
76
Agrobank’s Risk Management Framework is premised
of various risk policies and related decisions by
on seven broad principles as follows:
the Board.
Diagram 1: Three Lines of Defence Concept in Managing Risk
RISK MANAGEMENT REPORTING
BOARD OF DIRECTORS
SENIOR MANAGEMENT
1ST LINE OF DEFENCE
2ND LINE OF DEFENCE
3RD LINE OF DEFENCE
SUPPORT
UNITS
RISK MANAGEMENT
COMPLIANCE
INTERNAL AUDIT
BUSINESS
LINES
Responsible for managing
specific risks in the day-to-day
activities
Develops risk frameworks,
policies, methodologies and
tools
Risk Management Governance
Independent assurance
over risk management
initiatives
instruments held failing to perform its contractual
obligations to the Bank.
In accordance with the Bank’s risk management
4HYRL[9PZRHYPZPUNMYVTÅ\J[\H[PVUZPU[OL]HS\LVM
structure, the Board Risk Management Committee
investment exposure arising from changes in market
(BRMC) assumes the ultimate responsibility on behalf
YPZR MHJ[VYZ Z\JO HZ PU[LYLZ[ WYVÄ[ YH[LZ J\YYLUJ`
of the Board of Directors for the supervision of risk
exchange rates, credit spreads, equity prices, etc.
management within the Bank.
In line with the best
3PX\PKP[` 9PZR HYPZPUN MYVT [OL )HUR»Z PUHIPSP[` [V
practices, the BRMC determines the risk policy objective
LѝJPLU[S`TLL[WYLZLU[HUKM\[\YLM\UKPUNULLKZVY
of the Bank.
regulator obligations, when they come due, which
TH` HK]LYZLS` HќLJ[ P[Z KHPS` VWLYH[PVUZ HUK PUJ\Y
Responsibilities for administering risk management and
control is delegated to the Management Risk Committee
(MRC). The MRC is chaired by the President/Chief
,_LJ\[P]L6ѝJLYHUK\UKLY[HRLZ[OLV]LYZPNO[M\UJ[PVU
for overall risk limits, and aligning them to the Bank’s risk
appetite in addressing one or more of the following :-
unacceptable losses; and,
6WLYH[PVUHS 9PZR HYPZPUN MYVT PU[LYUHS WYVJLZZLZ
which may result from inadequacies or failure
in process, controls or projects due to fraud,
\UH\[OVYPZLK HJ[P]P[PLZ LYYVY VTPZZPVU PULѝJPLUJ`
system failure or from external events.
*YLKP[ 9PZR HYPZPUN MYVT SVZZLZ K\L [V VISPNVY
market counterparty or issuer of securities or other
77
Diagram 2: Agrobank Risk Governance Structure
BOARD OF DIRECTORS
BOARD
COMMITTEES
Ultimately responsible for
risk management in the Bank
BOARD RISK MANAGEMENT
COMMITTEE (BRMC)
MANAGEMENT
COMMITTEE
Perform risk oversight function which
includes approval of risk management
framework, vision, strategies, policies
and risk tolerance.
MANAGEMENT
RISK
COMMITTEE (MRC)
BOARD CREDIT COMMITTEE (BCC)
Review fresh or additional loan applications
in accordance to pre-determined authority
limits recommended by the Management
Credit Committee (MCC).
ASSET & LIABILITY
COMMITTEE
(ALCO)
MANAGEMENT
CREDIT
COMMITTEE
OTHER
BOARD
COMMITTEES
OTHER
MANAGEMENT
COMMITTEES
Responsible for the management of all material risks within the Bank. The MRC encompases all risk types except market
liquidity risks which are under the purview of ALCO. The MCC is the centralised financing approval committee for the Bank.
Diagram 3: Agrobank Risk Management Process
Risk Origination
by Business Units
Type of Risks
Risk
Identification
Identify, Understand
and Analyse Risks
Valuation, stress testing,
monitoring, sensitivity/simulation
analysis on Earning, Net Interest
Income/Capital and Liquidity
Policies and procedures, liquidity,
interest rate, risk weighted capital and
exposure limits, segregation of duties
and diversification strategy
Assessment risk profile for new product,
review of existing products,
implementation of RCSA and KRIs, and
incident reporting.
Regular review on control
adequacy and effectiveness at
each process level, business
activities and the bank as a whole
Comprehensive internal control,
including segregation of functions,
segmented/multi-tier authorisation
process and regular testing of BCM and
DRP.
Review and assessment of
Non-Shariah-compliant products and
services.
Valuation on severity of Shariah
risks and assessment on its
impact due to Shariah
non-compliance
MARKET RISK
Review on market volatility/outlook,
concentration risk, analysis/projections on
liquidity and maturity and analysis on
capital adequacy
78
Recommend Measures to
Control and Mitigate Risk
Policies and procedures, selection of
credit personnel, independent credit
review, post-appraisal review and credit
limits.
Concentration risk, benchmarking,
“red flags”, post-mortem review.
SHARIAH RISK
Quantify and Assess
Risk Impact
Risk Control
and Mitigation
Credit Risk Rating, stress testing,
establishing processes to ensure
timeliness and consistency of
credit assessment.
CREDIT RISK
OPERATIONAL RISK
Risk Assessment
and Measurement
Policies and procedures, awareness on
Shariah concepts and principles and
continuously sharing of knowledge.
Risk Monitoring
and Reporting
Monitor and Report on
Risk Compliance
Portfolio Analysis,
rehabilitation/NPL monitoring and
independent credit review.
Periodic review of policies,
procedures and limits, internal and
regulatory compliance.
Monitoring of Key Risk Indicators
and performance reports on
people, processes, systems and
external events.
Periodical self-monitoring of
Shariah risks.
Operational and Shariah) and Credit Evaluation and
Diagram 4:
9PZR4HUHNLTLU[-YHTL^VYR94-
9L]PL^+LWHY[TLU[H[/LHKVѝJLHUK*YLKP[,]HS\H[PVU
HUK 9L]PL^ <UP[ H[ [OL 9LNPVUHS 6ѝJLZ HUK P[Z RL`
responsibilities are to analyse, assess, measure, control,
monitor and report the potential risk which the Bank is
L_WVZLK [V 94+ PZ OLHKLK I` [OL *OPLM 9PZR 6ѝJLY
CREDIT RISK
MANAGEMENT
FRAMEWORK
MARKET AND
RISK
LIQUIDITY
MANAGEMENT
RISK FRAME- FRAMEWORK
WORK
(CRO) who is appointed by the Board to spearhead the
risk management functions.
OPERATIONAL
RISK
MANAGEMENT
FRAMEWORK
The CRO actively engages the Board and Senior
Management on Risk Management issues and initiatives.
The RMD monitors risk taking activities, initiates and
proposes risk policies, risk measurement methodologies
SHARIAH RISK
FRAMEWORK
and risk limits, performs independent review of
ÄUHUJPUNHZZL[ZX\HSP[`HUKÄUHUJPUNYLJV]LY`WSHUHUK
coordinates capital market products and deployment.
Agrobank’s Risk Management Process
In propagating and ensuring compliance to the market
risk framework, RMD reviews treasury trading strategies,
The risk management process within the Bank involves the
analyses positions, and activities vis-à-vis changes in the
PKLU[PÄJH[PVU TLHZ\YLTLU[ TP[PNH[PVU TVUP[VYPUN HUK
ÄUHUJPHSTHYRL[
YLWVY[PUNPUVW[PTPZPUNYL[\YUZVUÄUHUJPUNHUKYPZR[HRPUN
activities. This process is practiced in managing credit,
Towards the implementations of Basel II in the Bank,
market, operational and shariah risks across the Bank.
RMD is developing the internal rating and scoring
models.
;OL 9VSLZ VM *OPLM 9PZR 6ɉJLY *96 HUK 9PZR
Management Division
Within the second line of defence is Risk Management
Division (RMD), a function independent of business to
assist the management and the various committees in
the monitoring and controlling the Bank’s risk exposures.
The RMD comprises Risk Management (Credit, Market,
79
Key Areas of Risk Management:-
The Bank’s Credit Risk Management Framework
addresses the following areas:
1. Credit Risk
4HUHNLTLU[HUKX\HSP[`VMSVHUÄUHUJPUNHZZL[Z
Credit risk is the risk of potential loss due to failure
including the credit policies and guidelines, credit
of or unwillingness of customers or counterparties
approval, credit risk measurement and competency
[VM\SÄS[OLPYJVU[YHJ[\HSÄUHUJPHSVISPNH[PVUZHZHUK
of credit personnel;
when they arise.
3VHUWYLZLY]H[PVUÔPJOJV]LYZ[OLJYLKP[YL]PL^
process, early detection and management of
The goal of credit risk management is to keep credit
risk exposure to an acceptable level and to ensure
vulnerable credits and recovery; and,
the returns commensurate with risk.
*YLKP[JVUJLU[YH[PVUWVSPJ`MVYLќLJ[P]LWVY[MVSPV
management.
The Bank’s exposure to credit risk is primarily from
Credit
Evaluation
and
Review
undertakes
SLUKPUNÄUHUJPUN HJ[P]P[PLZ [V YL[HPS J\Z[VTLYZ
independent assessment done by business units to
micro, small and medium-sized enterprises (SMEs)
YLÅLJ[PUKLWLUKLUJ`MYVTSVHUÄUHUJPUNVYPNPUH[PVU
and corporate customers. Investment in equities,
and credit activities.
IVUKZ HUK V[OLY THYRL[HISL ZLJ\YP[PLZ ÄUHUJPHS
instruments, trading and other banking activities,
2. Market and Liquidity Risks
ÔL[OLYP[PZJSHZZPÄLK\UKLYIHURPUNIVVRVY[YHKPUN
book, also expose the Bank to credit risk.
4HYRL[9PZRPZWV[LU[PHSSVZZLZPUVUHUKVќ)HSHUJL
sheet arising from unexpected movements in market
Management
WYPJLZK\L[V]VSH[PSP[`PUPU[LYLZ[WYVÄ[YH[LZLX\P[`
Risk Committee (MRC) supports the Board Risk
prices, commodity prices, foreign exchange rates etc
Management Committee (BRMC) in credit risk
ÔPJOZPNUPÄJHU[S`HќLJ[[OLWYVÄ[HIPSP[`VM[OL)HUR
management. Both committees are responsible to
YLWYLZLU[LK I` 5L[ 7YVÄ[0U[LYLZ[ 0UJVTL 5700 VY
approve/review the Bank’s credit risk framework and
5L[ 7YVÄ[0U[LYLZ[ 4HYNPU 5704 HUK ZOHYLOVSKLYZ»
policies, align credit risk management with business
fund.
On
the
oversight
function,
the
Z[YH[LNPLZ HUK WSHUUPUN TVUP[VY JYLKP[ WYVÄSLZ HUK
portfolios and deliberate necessary actions to be
Liquidity risk is the risk arising from the Bank’s
executed to ensure that credit risks remain within
PUHIPSP[`[VTLL[P[ZJHZOÅV^VISPNH[PVUHZ[OL`MHSS
tolerance levels.
due, at a reasonable price which may arise due to
H TPZTH[JO IL[^LLU [OL I\JRL[LK JHZO ÅV^Z HUK
The management of credit risk is governed by the
[OL\UL_WLJ[LKV\[ÅV^VMM\UKZVYKLWVZP[Y\UVќ
Credit Risk Management Framework which sets out
Liquidity Risk is subdivided into two categories as
the risk management governance and infrastructure,
follows;
risk
management
processes
responsibilities.
ϴϬ
and
control
-\UKPUN3PX\PKP[`9PZR
*SLHYKLSPULH[PVUVM[OLYVSLZHUKYLZWVUZPIPSP[PLZ
(YPZPUNMYVT[OLPUHIPSP[`VM[OL)HUR[VM\SÄSWH`TLU[
of the three lines of defense comprise of the Risk
VYJHZOÅV^VISPNH[PVUZHZ[OL`MHSSK\L^P[OV\[
Taking Units (Business Units), Risk Control Units
incurring unacceptable cost or losses
(Market Risk Management Department-MRMD)
4HYRL[3PX\PKP[`9PZR
and Internal Audit to ensure the integrity of risk
management system in the Bank.
9LMLYZ[V[OLPUHIPSP[`VM[OL)HUR[V\U^PUKVќZL[
its position in the market within a short span of
time or near to previous market price.
ALCO is responsible for overseeing the Bank’s
operations in relation to liquidity and interest rate
4HYRL[9PZR4HUHNLTLU[PU]VS]LZ[OLPKLU[PÄJH[PVU
risks for Conventional and Islamic Banking while
of various risk factors, monitoring and measuring
BRMC’s role is to approve/review prescribed limits
exposures to those factors using selected tools
and to ensure compliance of those limits.
and models, assessing the Bank’s ability to
LќLJ[P]LS`THUHNL[OLYPZRZHUKYLWVY[PUN[VYLSL]HU[
3. Operational Risk
committees on limits compliance and mitigation
strategies. The Bank’s risk appetite is set out at
Operational risk is the risk of loss resulting from
various levels and monitored continuously by the
inadequate or failed internal processes, people and
Asset and Liability Committee (ALCO).
Z`Z[LTZ VY MYVT L_[LYUHS L]LU[Z ;OPZ KLÄUP[PVU
includes legal risk but excludes strategic and
Market and liquidity risks are managed through the
reputational risk. Operational risk is inherent in
following system and tools;
the Bank’s business operations and therefore
unavoidable. The objective of operational risk
5L^3PX\PKP[`-YHTL^VYR53-
management is to take appropriate actions to
4H_PT\T*\T\SH[P]L6\[ÅV^Z4*6
manage its operational risk and keep it within an
*VU[PUNLUJ`-\UKPUN7SHU*-7
acceptable level.
-\UK;YHUZMLY7YPJPUN-;7
The Operational Risk Management Department
Market and Liquidity Risk Framework (MLRF)
(ORMD)
encompasses the following aspects;
management of operational risk. These risks are
was
established
to
strengthen
the
managed through the following key functions:
4HUHNLTLU[VM[OL)HUR»ZTHYRL[HUKSPX\PKP[`YPZR
exposures including the issuance and regularly
review of guidelines, policies and manuals.
;OLYLZWVUZPIPSP[PLZVM[OL)VHYK)94*(3*6HUK
and policies;
+L]LSVWTLU[ HUK 0TWSLTLU[H[PVU VM 694 [VVSZ
/H]PUN PU WSHJL H YVI\Z[ HUK L_LJ\[HISL
MRC with regards to the market and liquidity risk
management.
:V\UK6WLYH[PVUHS9PZR4HUHNLTLU[-YHTL^VYR
and ORM systems; and,
Business Continuity Management plan.
ϴϭ
The ORMD has developed and implemented the
4. Shariah Non-Compliance Risk
following Risk Management Tools:
Shariah risk is the risk arising from Agrobank’s failure
0UJPKLU[4HUHNLTLU[HUK+H[H*VSSLJ[PVU04+*
to comply with the Shariah rules and principles
determined by relevant Shariah regulatory councils
IMDC provides a structured process to build a
or committees.
repository of risk-related data to support robust and
granular reporting of operational risk incidents and
The Shariah Risk Management is established within
losses. The timely detection and monitoring of risks
the Bank to perform Shariah Risk Management
will help to reduce losses due to risk events. The data
functions which is required by Bank Negara
collected will be used to forecast, measure, monitor
Malaysia’s Shariah Governance Framework (SGF).
and report on potential operational risk exposure in
the Bank and to prepare the groundwork for data
The Shariah Risk Management Framework (SRMF)
management, analysis, reporting and monitoring
has been developed and updated with the following
issues for Basel II compliance.
objectives:
9PZRHUK*VU[YVS:LSM(ZZLZZTLU[9*:(
,UZ\YL HSS [OL )HUR»Z WYVK\J[Z ZLY]PJLZ HUK
activities comply with Shariah principles as
RCSA enables inherent operational risks and controls
are continuously assessed to identify control gaps
determined by Shariah Committee;
are implemented consistently and uniformly
and develop action plans to narrow the gaps. This
PZ H YPZR WYVÄSPUN [VVS ÔPJO PZ \ZLK [V YLK\JL [OL
residual risk of critical business processes.
,UZ\YL:OHYPHOYPZRZHYL\UKLYZ[VVKHUKJVU[YVSZ
throughout the Bank;
0KLU[PM` HSS :OHYPHO YPZRZ HYPZPUN MYVT WLVWSL
processes, products, strategies, systems and
2L`9PZR0UKPJH[VYZ290Z
internal controls; and,
KRIs provides early warning signals of increasing
controlling
risk and/or control failures. ORMD will work with
compliance risks.
business and support units to develop and review
their KRIs with the setting of appropriate thresholds.
ϴϮ
,Z[HISPZO[OLWYVJLZZMVYTLHZ\YPUNTVUP[VYPUN
and
reporting
of
Shariah
non-
Statement of Internal Control
ÄUHUJPUN PU]LZ[TLU[ HJX\PZP[PVU HUK KPZWVZHS VM
RESPONSIBILITY
asset.
The Board acknowledges the responsibility of a sound
internal control system especially of its integrity and
b. Compliance with internal controls and the relevant
laws and regulations are set out in operation manuals,
adequacy.
guidelines and directives issued by the Bank. These
The risk management underpinning the Bank’s internal
are updated from time to time in tandem with changes
control framework provides reasonable assurance of
in
protecting the Bank against material misstatement of
requirements.
the
business
environment
or
regulatory
ÄUHUJPHS PUMVYTH[PVU HUK YLJVYKZ ÄUHUJPHS SVZZLZ VY
c. Management and oversight of the Bank’s core areas
fraud and mismanagement.
has also been enhanced with the establishment
9PZRZ HќLJ[PUN [OL )HUR HYL PKLU[PÄLK HZZLZZLK HUK
of operational committees which include the
addressed by the appropriate control structures and
Management Information Technology Committee,
processes. A regular review and update on the structures
Management Credit Committee and Management
and processes are carried out in line with the changes
Procurement Committee.
arising within the business environment and internal
operating conditions. This ongoing process has been in
d. Management Risk Committee (MRC)
WSHJLMVY[OLÔVSLÄUHUJPHS`LHY\UKLYYL]PL^
The MRC was established to assist the Board to
oversee the overall management of principal areas of
The management assists the Board in the implementation
risk. The risk management is further strengthened
of the Board’s policies and procedures on risk and
with the establishment of the Asset Liability
control by identifying and assessing the risks faced, and
Committee which manages market and liquidity risks.
in the design, operation and monitoring of appropriate
internal controls to mitigate and control these risks.
e. Internal Audit
The Internal Audit function provides independent,
0UHSSTH[LYPHSHZWLJ[Z[OL*OPLM,_LJ\[P]L6ѝJLY*,6
objective assurance and consulting services designed
HUK*OPLM-PUHUJPHS6ѝJLY*-6ILSPL]L[OH[IHZLKVU
to add value and improve the Bank’s operations.
the processes adopted, it is suitable in reviewing the
Accomplishment of the Bank’s objectives is facilitated
adequacy and integrity of the system of internal controls
through a systematic and disciplined audit approach.
of the Bank.
Premised on the risk-based approach, prioritisation
of the audit review lies in the risk and control
associated with the auditable entities within the
KEY INTERNAL CONTROL PROCESSES
established audit universe.
Pertinent key processes have been established to review
the adequacy and integrity of the system of internal
H *SLHYS`
KLÄULK
MYHTL^VYR
^P[O
HWWYVWYPH[L
empowerment and authority limits are in place
in respect of the day-to-day banking operations,
84
;OL
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VM
[OL
NV]LYUHUJL
YPZR
management and control processes is assessed by
controls which include the following:
MVYTPUNVWPUPVUZVUÔL[OLY[OLPKLU[PÄLKYPZRZTH`
OPUKLY[OLM\SÄSTLU[VMWHY[PJ\SHYVIQLJ[P]LZ
In tandem with the process, improvements are
h. An annual business plan is prepared by the Bank’s
advocated to enhance the governance structure and
business units and approved by the Board. Annual
practices.
budgets are also approved by the respective Board
committees. Actual performances are assessed
9LJ[PÄJH[PVU VM [OL PZZ\LZ PZ MVSSV^LK \W I` [OL
management and deliberated at the Management
Audit Committee (MAC) and Board Audit Committee
against the approved budgets by which explanations
HYL WYV]PKLK VU ZPNUPÄJHU[ ]HYPHUJLZ I` WLYPVKPJ
reporting to the respective Board committees.
(BAC).
P 7YVWLYN\PKLSPULZMVYOPYPUNHUK[LYTPUH[PVUVMZ[Hќ
f. Management Audit Committee (MAC)
formal training programmes, annual and semi-
;OL4(*ÔPJOPZJOHPYLKI`*OPLM6WLYH[PVUZ6ѝJLY
annual performance appraisals and other relevant
(COO), comprises the senior management members
WYVJLK\YLZ HYL PU WSHJL MVY Z[Hќ JVTWL[LUJ`
from a broad range of business and support units.
KL]LSVWTLU[ HUK [YHPUPUN [V LUHISL [OLPY LќLJ[P]L
The Committee meets monthly to deliberate the
discharge of duties and responsibilities.
ÄUKPUNZ VM H\KP[ HUK PU]LZ[PNH[PVU YLWVY[Z ;OL
meeting also discusses the necessary actions to
j. The Board’s oversight function is further enhanced
resolve arising issues and enhancement of pertinent
through delegated responsibilities in Several Board
business processes and operations. Where required,
Committees
namely
representatives from the parties being audited are
Committee,
Board
requested to attend the meeting to enable more
Information
detailed deliberation and expeditious resolution of
Investment
the matter at hand. Minutes of the MAC meeting are
and Remuneration Committee, all of which have
tabled to the BAC together with the audit reports.
formalised terms of reference. These Committees
The actions required by the BAC are followed up by
have the authority to examine all matters within
the MAC.
their scope and report to the Board with their
Board
Credit
Technology
Committee,
Risk
Management
Committee,
Committee,
Nominating
Board
Board
Committee
recommendations.
g. Board Audit Committee (BAC).
The BAC meets on a monthly basis to review
k. The Fraud Management and Whistleblowing Policy
ÄUKPUNZOPNOSPNO[LKI`[OL0U[LYUHS(\KP[+LWHY[TLU[
which were approved by the Board provides an
the external auditors, regulatory authorities and
avenue for employees to report actual or suspected
management, and to evaluate the adequacy and
malpractice, misconduct or violations of the Bank’s
LќLJ[P]LULZZ VM [OL )HUR»Z YPZR THUHNLTLU[ HUK
policies and regulations in lieu of an elaborate
internal control systems. The committee also
reporting process. Outcome of the investigation is
conducts a review of the internal audit functions with
presented by the Chief Internal Auditor to the BAC for
particular emphasis on the scope of audit, quality of
subsequent actions.
internal audit and independence of the audit function
relative to other functions within the Bank. The
minutes of the BAC meetings are tabled to the Board
on a monthly basis.
85
^ƚĂƚĞŵĞŶƚŽĨ^ŚĂƌŝĂŚ'ŽǀĞƌŶĂŶĐĞ
Shariah Committee
SC Roles and Responsibilities
In 2013, Agrobank accepted the appointment of two (2)
Among the SC’s roles, based on the Shariah Compliance
new members to its Shariah Committee (SC). The latest
Manual are as follows:
list of SC Members until December 2013 is as follows:
;OL :* PZ YLX\PYLK [V L_HTPUL :OHYPHO PZZ\LZ
Shariah Committee
Status
Position
Dr Mohamed Fairooz bin Abdul Khir
Re-appointed effective
1 June 2013
Chairman
decisions, views and opinions are binding on the
Prof Madya Dr Atikullah Hj Abdullah
1 June 2013
Member
Bank.
Dr Muhammad Yamin Ismail
1 June 2013
Member
En. Ismail bin Mahayudin
Appointed effective
1 June 2013
Member
Dr. Mohamad Sabri Zakaria
Appointed effective
1 June 2013
Member
to Shariah in the Bank’s business operations and
Member
activities. Supervision must be executed via the two
Prof. Dr. Saiful Azhar Rosly
Mohd Zakhiri bin Md. Nor
Hishamuddin Ab Hamid
Prof. Dr. Saiful Azhar
Rosly as SC were ended
on 31st March 2013
diligently before making any decision as the SC’s
*VVYKPUH[L Z\WLY]PZVY` [HZRZ VU TH[[LYZ SPURLK
functions of Shariah Review and Shariah Audit. From
En. Mohd Zakhiri Md.
Nor as SC were ended
on 31st March 2013
Member
-
Secretary
the regular Shariah Review report and Shariah Audit
observation reports, the SC is able to identify issues
which require attention as well as propose remedial
responses where appropriate.
7YLZLU[ Z\ѝJPLU[ PUMVYTH[PVU PU [OL )HUR»Z HUU\HS
ÄUHUJPHS YLWVY[ [V JVTWS` ^P[O [OL +L]LSVWTLU[
Financial Institutions Act 2002.
86
7YV]PKLHK]PJL[V[OL)VHYKVM+PYLJ[VYZVUTH[[LYZ
related to Shariah.
;V WYV]PKL ^YP[[LU :OHYPHO VWPUPVUZ VU TH[[LYZ
referred to the SC and to assist the SAC on any
matter referred by the Bank.
;V LUKVYZL WVSPJPLZ WYVJLK\YLZ HUK YLSH[LK
documents including manuals, forms, proposals
;VOVSKRUV^SLKNLZOHYPUN^VYRPUNWHWLYWYVWVZHS
and contracts, agreements, advertising, marketing,
sessions upon the Bank’s request especially
illustration, sales brochures and other literature
those related to new products that require BNM’s
related to Islamic Banking, including the Shariah
approval.
Compliance Manual.
The SC convened a total of sixteen (16) times throughout
;VPTTLKPH[LS`YLWVY[[V[OL)6+\WVUKPZJV]LY`VM
Shariah non-compliant operations and to propose
the year 2013. The attendance of SC members is as
follows:
remedial steps.
;VYLWVY[[V)HUR5LNHYH4HSH`ZPH)54ÔLU[OL
Bank does not or fails to execute remedial measures
to deal with Shariah non-compliance in banking
operations.
;VHZZPZ[YLSH[LKWHY[PLZZ\JOHZ)HURVѝJLYZSLNHS
counsel, auditors or consultants who require advice
on Shariah matters.
;VHK]PZL[OL)HUR[VJVUZ\S[[OL:OHYPHO(K]PZVY`
Council (SAC) of Bank Negara Malaysia (BNM) on
any Shariah matters which have not been resolved
or endorsed by the SC.
87
^ƚĂƚĞŵĞŶƚŽĨŽŵƉůŝĂŶĐĞ
The Board of Directors is committed towards ensuring
To accomplish this mission, we have recruited a group
strong governance and compliance in order to create a
of dedicated professionals who possess a wide range
solid foundation as well as to enhance the compliance
of experience. Such initiatives are used to continually
function to all by maintaining public trust through an
PTWYV]L [OL Z`Z[LT HUK WYVJLZZLZ PU [OL LќVY[ [V
L[OPJHSLќLJ[P]LHUKJVZ[LѝJPLU[VYNHUPZH[PVU
comply with the laws, rules, regulations, policies and
best practices; which are key components that make up
The Compliance Department aims to maintain the
our compliance framework.
highest operating standards at all times by undertaking
regular reviews of procedures and controls to ensure the
We pledge our importance and dedication by reviewing
Bank complies with the relevant laws, regulations and
and monitoring of various activities like business
standards of good practice.
processes, brainstorming, regulatory-liaison and one
stop information centre. The outcome will then be further
Unilaterally, we strive to respond and contribute our
disseminated through all appropriate channels as they will
ideology by collaborating between industry groups
become a testament of whether the Bank has complied
through consultation papers and discussion initiated by
with the principles as stipulated by governance.
regulators and Government. The focus of these activities
PZ[VKL]LSVW[OLMYHTL^VYRMVYHZ[HISLÄUHUJPHSZLJ[VY
and sustainable global economy.
88
2013 AUDITED
FINANCIAL STATEMENTS
OUR PERFORMANCE
Someone asked,
“O Rasulullah, which gain is best?”
He said, “A man’s work by his
hand, and every honest business.”
Ahmad
OUR PERFORMANCE
Directors’ Report
Company No: 811810-U
BANK PERTANIAN MALAYSIA BERHAD
(Incorporated in Malaysia)
DIRECTORS’ REPORT
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MVY[OLÄUHUJPHS`LHYLUKLK+LJLTILY
PRINCIPAL ACTIVITIES
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RESULTS
RM ‘000
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239,756
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92
DIVIDENDS
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RM ‘000
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31,500
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ISSUE OF SHARES AND DEBENTURES
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93
DIRECTORS
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Puan Rashidah Mohd Sies
DIRECTORS’ INTERESTS
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DIRECTORS’ BENEFITS
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OTHER STATUTORY INFORMATION
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95
OTHER STATUTORY INFORMATION (cont’d)
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96
AUDITORS
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TAN SRI FAIZAH MOHD TAHIR
DATO’ WAN MOHD FADZMI WAN OTHMAN
97
Statement by Directors
STATEMENT BY DIRECTORS
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98
STATUTORY DECLARATION
7\YZ\HU[[V:LJ[PVU VM[OL*VTWHUPLZ(J[ 0SYED NAUFAL SHAHABUDIN SYED ABDUL JABBAR SHAHABUDIN ILPUN[OLVѝJLYWYPTHYPS`YLZWVUZPISL
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:\IJYPILKHUKZVSLTUS`KLJSHYLKI`[OLHIV]LUHTLK SYED NAUFAL SHAHABUDIN SYED
ABDUL JABBAR SHAHABUDIN at KUALA LUMPURPU[OL-LKLYHS;LYYP[VY`VU1\UL
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COMMISSIONER FOR OATHS
99
^ŚĂƌŝĂŚŽŵŵŝƩĞĞ͛ƐZĞƉŽƌƚ
SHARIAH COMMITTEE’S REPORT
0U[OL5HTLVM(SSHO;OL*VTWHZZPVUH[L;OL4VZ[4LYJPM\S
(ZZHSHT\HSHPR\T>HYHOTH[\SSHOP>HIHYHRH[\O ;V[OLZOHYLOVSKLYKLWVZP[VYZHUKJ\Z[VTLYZVM)HUR7LY[HUPHU4HSH`ZPH)LYOHK! 0UJVTWSPHUJL^P[O[OLSL[[LYVMHWWVPU[TLU[^LHYLYLX\PYLK[VZ\ITP[[OLMVSSV^PUNYLWVY[PUYLSH[PVU[V[OL
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100
SHARIAH COMMITTEE’S REPORT (cont’d)
0UV\YVWPUPVU!
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ILPUNPTWSLTLU[LK0U[OLL]LU[[OLHќLJ[LKHJJV\U[ZJHUUV[ILYLJ[PÄLK[OLPUJVTL^PSSUV[ILYLJVNUPZLK
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J ;OLHSSVJH[PVUVMWYVÄ[HUKSVZZYLSH[PUN[VPU]LZ[TLU[HJJV\U[ZJVUMVYT[V[OLIHZPZ[OH[OHKILLUHWWYV]LK
I`\ZPUHJJVYKHUJL^P[O:OHYPHO
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MVYJOHYP[HISLW\YWVZLZ
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M >L OH]L HSZV YL]PL^LK [OL L_LYJPZL VM JVU]LYZPVU [V -\SS -SLKNLK 0ZSHTPJ )HURPUN ¸--0)¹ HUK ^L HYL
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[OLTLTILYZVM[OL:OHYPHO*VTTP[[LL[OH[[OL0ZSHTPJIHURPUNVWLYH[PVUZVM)HUR7LY[HUPHU4HSH`ZPH)LYOHK
MVY[OLÄUHUJPHS`LHYLUKLK+LJLTILYOH]LILLUJVUK\J[LKPUJVUMVYTP[`^P[O:OHYPHO
DR. MOHAMED FAIROOZ ABDUL KHIR
Chairman of the Committee
2\HSH3\TW\Y4HSH`ZPH
DR. MOHAMAD SABRI ZAKARIA
Member of the Committee
26 June 2014
101
Independent Auditors’ Report to the Member of
Bank Pertanian Malaysia Berhad
REPORT ON THE FINANCIAL STATEMENTS
>LOH]LH\KP[LK[OLÄUHUJPHSZ[H[LTLU[ZVM)HUR7LY[HUPHU4HSH`ZPH)LYOHKÔPJOJVTWYPZL[OLZ[H[LTLU[VM
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+PYLJ[VYZ»YLZWVUZPIPSP[`MVY[OLÄUHUJPHSZ[H[LTLU[Z
;OLKPYLJ[VYZVM[OL)HURHYLYLZWVUZPISLMVY[OLWYLWHYH[PVUVMÄUHUJPHSZ[H[LTLU[ZZVHZ[VNP]LH[Y\LHUKMHPY
]PL^PUHJJVYKHUJL^P[O4HSH`ZPHU-PUHUJPHS9LWVY[PUN:[HUKHYKZ0U[LYUH[PVUHS-PUHUJPHS9LWVY[PUN:[HUKHYKZ
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JVU[YVSHZ[OLKPYLJ[VYZKL[LYTPULPZULJLZZHY`[VLUHISL[OLWYLWHYH[PVUVMÄUHUJPHSZ[H[LTLU[Z[OH[HYLMYLL
MYVTTH[LYPHSTPZZ[H[LTLU[ÔL[OLYK\L[VMYH\KVYLYYVY
Auditors’ responsibility
6\YYLZWVUZPIPSP[`PZ[VL_WYLZZHUVWPUPVUVU[OLZLÄUHUJPHSZ[H[LTLU[ZIHZLKVUV\YH\KP[>LJVUK\J[LKV\Y
H\KP[PUHJJVYKHUJL^P[OHWWYV]LKZ[HUKHYKZVUH\KP[PUNPU4HSH`ZPH;OVZLZ[HUKHYKZYLX\PYL[OH[^LJVTWS`
^P[OL[OPJHSYLX\PYLTLU[ZHUKWSHUHUKWLYMVYT[OLH\KP[[VVI[HPUYLHZVUHISLHZZ\YHUJLHIV\[ÔL[OLY[OL
ÄUHUJPHSZ[H[LTLU[ZHYLMYLLMYVTTH[LYPHSTPZZ[H[LTLU[
(U H\KP[ PU]VS]LZ WLYMVYTPUN WYVJLK\YLZ [V VI[HPU H\KP[ L]PKLUJL HIV\[ [OL HTV\U[Z HUK KPZJSVZ\YLZ PU [OL
ÄUHUJPHS Z[H[LTLU[Z ;OL WYVJLK\YLZ ZLSLJ[LK KLWLUK VU V\Y Q\KNLTLU[ PUJS\KPUN [OL HZZLZZTLU[ VM YPZRZ
VM TH[LYPHS TPZZ[H[LTLU[ VM [OL ÄUHUJPHS Z[H[LTLU[Z ÔL[OLY K\L [V MYH\K VY LYYVY 0U THRPUN [OVZL YPZR
HZZLZZTLU[Z^LJVUZPKLYPU[LYUHSJVU[YVSYLSL]HU[[V[OLLU[P[`»ZWYLWHYH[PVUVMÄUHUJPHSZ[H[LTLU[Z[OH[NP]L
H[Y\LHUKMHPY]PL^PUVYKLY[VKLZPNUH\KP[WYVJLK\YLZ[OH[HYLHWWYVWYPH[LPU[OLJPYJ\TZ[HUJLZI\[UV[MVY
[OLW\YWVZLVML_WYLZZPUNHUVWPUPVUVU[OLLќLJ[P]LULZZVM[OLLU[P[`»ZPU[LYUHSJVU[YVS(UH\KP[HSZVPUJS\KLZ
L]HS\H[PUN [OL HWWYVWYPH[LULZZ VM HJJV\U[PUN WVSPJPLZ \ZLK HUK [OL YLHZVUHISLULZZ VM HJJV\U[PUN LZ[PTH[LZ
THKLI`[OLKPYLJ[VYZHZ^LSSHZL]HS\H[PUN[OLV]LYHSSWYLZLU[H[PVUVM[OLÄUHUJPHSZ[H[LTLU[Z
>LILSPL]L[OH[[OLH\KP[L]PKLUJL^LOH]LVI[HPULKPZZ\ѝJPLU[HUKHWWYVWYPH[L[VWYV]PKLHIHZPZMVYV\YH\KP[
VWPUPVU
102
Opinion
0UV\YVWPUPVU[OLÄUHUJPHSZ[H[LTLU[ZNP]LH[Y\LHUKMHPY]PL^VM[OLÄUHUJPHSWVZP[PVUVM[OL)HURHZH[
+LJLTILY HUK VM P[Z ÄUHUJPHS WLYMVYTHUJL HUK JHZO ÅV^Z MVY [OL `LHY [OLU LUKLK PU HJJVYKHUJL ^P[O
4HSH`ZPHU-PUHUJPHS9LWVY[PUN:[HUKHYKZ0U[LYUH[PVUHS-PUHUJPHS9LWVY[PUN:[HUKHYKZHUK[OLYLX\PYLTLU[ZVM[OL
*VTWHUPLZ(J[ PU4HSH`ZPH
Report on other legal and regulatory requirements
0UHJJVYKHUJL^P[O[OLYLX\PYLTLU[ZVM[OL*VTWHUPLZ(J[ PU4HSH`ZPH^LHSZVYLWVY[[OH[PUV\YVWPUPVU
[OLHJJV\U[PUNHUKV[OLYYLJVYKZHUK[OLYLNPZ[LYZYLX\PYLKI`[OL(J[[VILRLW[I`[OL)HUROH]LILLUWYVWLYS`
RLW[PUHJJVYKHUJL^P[O[OLWYV]PZPVUZVM[OL(J[
Other matters
;OPZYLWVY[PZTHKLZVSLS`[V[OLTLTILYVM[OL)HURHZHIVK`PUHJJVYKHUJL^P[O:LJ[PVUVM[OL*VTWHUPLZ
(J[ PU4HSH`ZPHHUKMVYUVV[OLYW\YWVZL>LKVUV[HZZ\TLYLZWVUZPIPSP[`[VHU`V[OLYWLYZVUMVY[OL
JVU[LU[VM[OPZYLWVY[
Ernst & Young
AF: 0039
Chartered Accountants
Nik Rahmat Kamarulzaman bin Nik Ab. Rahman
No. 1759/02/16(J)
Chartered Accountant
2\HSH3\TW\Y4HSH`ZPH
26 June 2014
103
Statement of Comprehensive Income for the Financial
Year Ended 31 December 2013
0U[LYLZ[PUJVTL
0U[LYLZ[L_WLUZL 5L[PU[LYLZ[PUJVTL
0UJVTLMYVT0ZSHTPJIHURPUNI\ZPULZZ
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-LLHUKV[OLYVWLYH[PUNPUJVTL 0U]LZ[TLU[PUJVTL
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6WLYH[PUNWYVÄ[
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(SSV^HUJLMVYPTWHPYTLU[ VUSVHUZÄUHUJPUNHUKHK]HUJLZ (SSV^HUJLMVY^YP[LIHJRVMPTWHPYTLU[VU
PU]LZ[TLU[ZLJ\YP[PLZ
;H_L_WLUZL
AHRH[
5L[WYVÄ[MVY[OL`LHY
104
Note
2013
RM’000
2012
RM’000
Restated
5
117,784
181,272
6
(36,713)
(87,408)
81,071
93,864
423,825
424,363
504,896
518,227
35(a)
7(a)
7,862
18,378
7(b)
185,132
241,630
697,890
778,235
-
(18,021)
(359,634)
(350,257)
338,256
409,957
20,806
32,433
359,062
442,390
10
(35,835)
(87,290)
11
(3,918)
263
319,309
355,363
12
(77,727)
(7,349)
13
(1,826)
(2,082)
239,756
345,932
8
9
5L[WYVÄ[MVY[OL`LHY
2013
RM’000
2012
RM’000
Restated
239,756
345,932
(66,728)
16,383
(179,433)
(237,167)
62,032
54,560
Other comprehensive (loss)/income to be
YLJSHZZPÄLK[VWYVÄ[VYSVZZPUZ\IZLX\LU[WLYPVKZ
<UYLHSPZLKSVZZNHPUVUMHPY]HS\LJOHUNLZ
VUH]HPSHISLMVYZHSL¸(-:¹PU]LZ[TLU[ZLJ\YP[PLZ
;YHUZMLY[VWYVÄ[VYSVZZVUKPZWVZHSVM(-:
0UJVTL[H_YLSH[PUN[VJVTWVULU[ZVMV[OLY
JVTWYLOLUZP]LPUJVTL 5L[V[OLYJVTWYLOLUZP]LSVZZ[VIL YLJSHZZPÄLK[VWYVÄ[VYSVZZPUZ\IZLX\LU[WLYPVKZ
(184,129)
(166,224)
;V[HSJVTWYLOLUZP]LPUJVTLMVY[OL`LHY
55,627
179,708
;OLHJJVTWHU`PUNUV[LZMVYTHUPU[LNYHSWHY[VM[OLÄUHUJPHSZ[H[LTLU[Z Agrobank Annual Report 2013
105
^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƟŽŶĂƐĂƚϯϭĞĐĞŵďĞƌϮϬϭϯ
Note
31 December
2013
RM’000
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
*HZOHUKZOVY[[LYTM\UKZ
14
1,273,397
1,827,012
3,413,040
+LWVZP[Z^P[OÄUHUJPHSPUZ[P[\[PVUZ
15
60,000
-
20,000
0U]LZ[TLU[ZLJ\YP[PLZ
16
3,588,054
3,459,062
2,884,941
3VHUZÄUHUJPUNHUKHK]HUJLZ
17
5,850,154
5,867,648
5,456,358
Other assets
18
96,201
95,920
116,247
7YVWLY[`WSHU[HUKLX\PWTLU[
19
195,394
190,856
196,930
0U[HUNPISLHZZL[Z
20
26,941
20,898
23,556
+LMLYYLK[H_HZZL[Z
21
48,572
-
-
11,138,713
11,461,396
12,111,072
22
6,594,646
6,863,216
7,546,544
6[OLYWH`HISLZHUKHJJY\HSZ
23(a)
326,935
324,599
231,835
7HKK`JYLKP[NYH[\P[`ZJOLTL
ASSETS
TOTAL ASSETS
LIABILITIES AND EQUITY
Liabilities
+LWVZP[ZMYVTJ\Z[VTLYZ
6[OLYSPHIPSP[PLZ
23(b)
2,225
2,185
2,249
+LMLYYLK[H_SPHIPSP[PLZ
21
-
13,788
61,080
3VHUZJOLTLM\UK
24
1,555,347
1,639,626
1,775,404
Operating
25
35,402
41,872
54,877
3H\UJOPUN
26
17,269
21,598
26,016
27
257,500
229,250
245,013
8,789,324
9,136,134
9,943,018
.V]LYUTLU[NYHU[Z
Funds
Total Liabilities
106
Note
31 December
2013
RM’000
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
Share capital
28
1,000,000
1,000,000
1,000,000
Reserves
29
1,349,389
1,325,262
1,168,054
2,349,389
2,325,262
2,168,054
11,138,713
11,461,396
12,111,072
Equity
Total Equity
TOTAL LIABILITIES AND EQUITY
107
Statement of Changes in Equity
for the Financial Year Ended 31 December 2013
Non-distributable reserves
Distributable
reserves
Share
capital
RM’000
Statutory
reserves
RM’000
Investment
revaluation
reserve
RM’000
Retained
earnings
RM’000
Total
RM’000
As at 1 January 2013, as previously stated 1,000,000
487,109
321,719
659,565
2,468,393
-
-
-
(143,131)
(143,131)
1,000,000
487,109
321,719
516,434
2,325,262
5L[WYVÄ[MVY[OL`LHY
6[OLYJVTWYLOLUZP]LSVZZMVY[OL`LHY
-
-
(184,129)
239,756
-
239,756
(184,129)
;V[HSJVTWYLOLUZP]LSVZZPUJVTLMVY[OL`LHY
-
-
(184,129)
239,756
55,627
+P]PKLUKZWHPKUV[L
-
-
-
(31,500)
(31,500)
At 31 December 2013
1,000,000
487,109
137,590
724,690
2,349,389
7YPVY`LHYHKQ\Z[TLU[ZUV[L
As at 1 January 2013, as restated
Non-distributable reserves
Distributable
reserves
Share
capital
RM’000
Statutory
reserves
RM’000
Investment
revaluation
reserve
RM’000
Retained
earnings
RM’000
Total
RM’000
As at 1 January 2012, as previously stated 1,000,000
487,109
487,943
250,932
2,225,984
-
-
-
(57,930)
(57,930)
1,000,000
487,109
487,943
193,002
2,168,054
5L[WYVÄ[MVY[OL`LHY
6[OLYJVTWYLOLUZP]LSVZZMVY[OL`LHY
-
-
(166,224)
345,932
-
345,932
(166,224)
-
-
(166,224)
345,932
179,708
+P]PKLUKZWHPKUV[L
-
-
-
(22,500)
(22,500)
At 31 December 2012
1,000,000
487,109
321,719
516,434
2,325,262
7YPVY`LHYHKQ\Z[TLU[ZUV[L
As at 1 January 2012, as restated
;OLHJJVTWHU`PUNUV[LZMVYTHUPU[LNYHSWHY[VM[OLÄUHUJPHSZ[H[LTLU[Z 108
Statement of Cash Flow
2013
RM’000
2012
RM’000
Restated
319,309
355,363
116,735
3,918
27,358
12,433
173,006
(263)
26,999
13,628
215
1,589
(174,192)
(10,940)
(10,007)
5,757
396
93
(230,722)
(10,908)
(15,010)
(700)
(6,470)
(3,343)
(661)
(12,788)
(3,316)
275,905
301,574
*OHUNLPUSVHUZÄUHUJPUNHUKHK]HUJLZ
Change in other assets
*OHUNLPUKLWVZP[Z^P[OÄUHUJPHSPUZ[P[\[PVUZ
*OHUNLPUKLWVZP[ZMYVTJ\Z[VTLYZ
*OHUNLPUV[OLYWH`HISLZHUKHJJY\HSZ
*OHUNLPUWHKK`JYLKP[NYH[\P[`ZJOLTL
*OHUNLPUKLMLYYLK[H_SPHIPSP[PLZ
(97,718)
(281)
(60,000)
(268,570)
(115)
40
(62,032)
(403,336)
20,320
20,000
(863,377)
79,188
(64)
(54,560)
Cash used in operating activities
(212,771)
(900,255)
(76,564)
(3,432)
(74)
(2,854)
(292,767)
(903,183)
CASH FLOW FROM OPERATING ACTIVITIES
Adjustments for:
(SSV^HUJLMVYPTWHPYTLU[VUSVHUZÄUHUJPUNHUKHK]HUJLZUL[
(SSV^HUJLMVYPTWHPYTLU[VUPU]LZ[TLU[ZLJ\YP[PLZ
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2SHUDWLQJSURðWEHIRUHZRUNLQJFDSLWDOFKDQJHV
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Net cash used in operating activities
109
Statement of Cash Flow
for the Financial Year Ended 31 December 2013 (cont’d)
CASH FLOW FROM INVESTING ACTIVITIES
0UJYLHZLPUPU]LZ[TLU[ZLJ\YP[PLZ
7\YJOHZLVMWYVWLY[`WSHU[HUKLX\PWTLU[ 7\YJOHZLVMJVTW\[LYZVM[^HYL
7YVJLLKZMYVTKPZWVZHSVMPU]LZ[TLU[ZLJ\YP[PLZ
+P]PKLUKZYLJLP]LKMYVTPU]LZ[TLU[ZLJ\YP[PLZ Net cash used in investing activities
CASH FLOW FROM FINANCING ACTIVITIES
0U[LYLZ[WYVÄ[WHPKVUSVHUZJOLTLM\UKHUK6,*-
7YVJLLKZMYVT! 3VHUMYVT6,*-
-\UK-VY-VVK¸-¹
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110
2013
RM’000
2012
RM’000
Restated
(337,552)
(33,485)
(18,476)
194,705
10,940
(1,806,816)
(21,321)
(11,063)
1,310,801
10,908
(183,868)
(517,491)
(7,261)
(4,909)
6,426
152,334
15,759
652
250
14,493
40,000
(243,855)
(7,897)
(986)
(31,500)
(147,968)
(4,053)
(1,102)
(217)
(22,500)
(76,980)
(165,354)
2013
RM’000
2012
RM’000
Restated
NET DECREASE IN CASH AND
CASH EQUIVALENTS
(553,615)
(1,586,028)
CASH AND CASH EQUIVALENTS AT
THE BEGINNING OF THE YEAR
1,827,012
3,413,040
THE END OF THE YEAR
1,273,397
1,827,012
CASH AND CASH EQUIVALENTS CONSIST OF:
Cash and short term funds (Note 14)
1,273,397
1,827,012
111
Notes to the Financial Statements
1. CORPORATE INFORMATION
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4HSH`ZPH
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2. BASIS OF PREPARATION
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2.2 Functional and presentation currency
112
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HUKHSS]HS\LZHYLYV\UKLK[V[OLULHYLZ[[OV\ZHUK94»L_JLW[ÔLUV[OLY^PZLPUKPJH[LK
3.
SIGNIFICANT ACCOUNTING POLICIES
:\TTHY`VMZPNUPÄJHU[HJJV\U[PUNWVSPJPLZ
H )HZPZVMHJJV\U[PUN
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0ZZ\L*VTTP[[LL¸0*¹0U[LYWYL[H[PVUZHUK;LJOUPJHS9LSLHZLZHZKPZJSVZLKPU5V[L
(b) Revenue recognition
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PU[LNYHSWHY[VM[OLLќLJ[P]LPU[LYLZ[YH[L*HZOÅV^ZHYPZPUNMYVT[OLKPYLJ[HUKPUJYLTLU[HSJVZ[ZVM
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113
3. SIGNIFICANT ACCOUNTING POLICIES (cont’d)
:\TTHY`VMZPNUPÄJHU[HJJV\U[PUNWVSPJPLZJVU[»K
(b) Revenue recognition (cont’d)
<USLZZPUJS\KLKPU[OLLќLJ[P]LPU[LYLZ[JHSJ\SH[PVUMLLZHUKJVTTPZZPVUZHYLYLJVNUPZLKIHZLKVU
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(c) Government grants
.V]LYUTLU[NYHU[ZHYLYLJVNUPZLKH[[OLPYMHPY]HS\LÔLYL[OLYLPZYLHZVUHISLHZZ\YHUJL[OH[[OL
NYHU[^PSSILYLJLP]LKHUKHSSJVUKP[PVUZH[[HJOLK^PSSILTL[.YHU[ZMYVT[OL.V]LYUTLU[VM4HSH`ZPH
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114
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3. SIGNIFICANT ACCOUNTING POLICIES (cont’d)
(c) Government grants (cont’d)
PPP .V]LYUTLU[NYHU[Z-\UKZUV[L
;OLZLM\UKZHYLYLJLP]LK[VWYV]PKLÄUHUJPUN[VLSPNPISLJ\Z[VTLYZHUK\[PSPZLHNHPUZ[JYLKP[
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ÄUHUJPUNILPUNKLMH\S[LKHYLYLJVNUPZLKHUK\[PSPZLKHNHPUZ[[OLNYHU[Z (d) Financial assets and liabilities
0UP[PHSYLJVNUP[PVUHUKZ\IZLX\LU[TLHZ\YLTLU[
-PUHUJPHSPUZ[Y\TLU[ZHYLJSHZZPÄLKPU[V[OLMVSSV^PUNJH[LNVYPLZSVHUZHUKYLJLP]HISLZÄUHUJPHS
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115
3.
SIGNIFICANT ACCOUNTING POLICIES (cont’d)
(d) Financial assets and liabilities (cont’d)
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116
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118
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127
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(i)
Property, plant and equipment
7YVWLY[`WSHU[HUKLX\PWTLU[PZZ[H[LKH[JVZ[SLZZHJJ\T\SH[LKKLWYLJPH[PVUHUKHJJ\T\SH[LK
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129
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Property, plant and equipment (cont’d)
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PZHSSVJH[LKVUHYLHZVUHISLIHZPZHUKPZKLWYLJPH[LKZLWHYH[LS`
3LHZLOVSKSHUKPZKLWYLJPH[LKV]LY[OLWLYPVKVMP[ZYLZWLJ[P]LSLHZLZ
([LHJOYLWVY[PUNWLYPVK[OLYLZPK\HS]HS\LZHUK\ZLM\SSP]LZVM[OLWYVWLY[`WSHU[HUKLX\PWTLU[HYL
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(j)
Intangible assets
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PZJHSJ\SH[LK\ZPUN[OLZ[YHPNO[SPULTL[OVK[VHSSVJH[L[OLJVZ[VMJVTW\[LYZVM[^HYLV]LY[OLPY
LZ[PTH[LK\ZLM\SSP]LZVM`LHYZ.HPUVYSVZZHYPZPUNMYVT[OLKPZWVZHSVM[OLHZZL[PZKL[LYTPULKHZ
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130
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(j)
Intangible assets (cont’d)
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(k) Leases
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Foreclosed properties
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131
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(m) Provisions
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(n)
Share capital
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132
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3.
3.2 Changes in accounting policies
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133
3.
3.2 Changes in accounting policies (cont’d)
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135
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MFRS 9 Financial Instruments
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4.
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENT
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4.
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENT (cont’d)
2L`ZV\YJLZVMLZ[PTH[PVU\UJLY[HPU[`
H (SSV^HUJLMVYPTWHPYTLU[VUSVHUZÄUHUJPUNHUKHK]HUJLZ ;OL)HURYL]PL^ZKV\I[M\SSVHUZHK]HUJLZHUKÄUHUJPUNH[LHJOYLWVY[PUNKH[L[VHZZLZZÔL[OLY
HSSV^HUJLZMVYPTWHPYTLU[ZOV\SKILYLJVYKLKPU[OLÄUHUJPHSZ[H[LTLU[Z0UWHY[PJ\SHYQ\KNLTLU[PZ
YLX\PYLKPU[OLPKLU[PÄJH[PVUVMPTWHPYLKSVHUZHUK[OLLZ[PTH[PVUVMYLHSPZHISLHTV\U[MYVTPTWHPYLK
SVHUZÔLUKL[LYTPUPUN[OLSL]LSVMHSSV^HUJLYLX\PYLK5V[L
I 0TWHPYTLU[HZZLZZTLU[VM(-:ÄUHUJPHSPU]LZ[TLU[Z
;OL)HURYLJVYKZPTWHPYTLU[JOHYNLZVU(-:ÄUHUJPHSPU]LZ[TLU[ZÔLU[OLYLOHZILLUHZPNUPÄJHU[VY
WYVSVUNLKKLJSPULPU[OLMHPY]HS\LILSV^[OLPYJVZ[;OLKL[LYTPUH[PVUVMÔH[PZºZPNUPMPJHU[»VY
ºWYVSVUNLK»YLX\PYLZQ\KNLTLU[0UTHRPUN[OPZQ\KNLTLU[[OL)HURL]HS\H[LZHTVUNV[OLYMHJ[VYZ
OPZ[VYPJHSZOHYLWYPJLTV]LTLU[ZHUK[OLK\YH[PVUHUKL_[LU[[VÔPJO[OLMHPY]HS\LVM(-:ÄUHUJPHS
PU]LZ[TLU[ZPZSLZZ[OHUP[ZJVZ[5V[L
J -HPY]HS\LLZ[PTH[PVUVM(-:ÄUHUJPHSPU]LZ[TLU[Z ;OLMHPY]HS\LVMZLJ\YP[PLZ[OH[HYLUV[[YHKLKPUHUHJ[P]LTHYRL[HYLKL[LYTPULK\ZPUN]HS\H[PVU
[LJOUPX\LZIHZLKVUHZZ\TW[PVUZVMTHYRL[JVUKP[PVUZL_PZ[PUNH[[OLYLWVY[PUNKH[LPUJS\KPUN
YLMLYLUJL[VX\V[LKTHYRL[WYPJLZHUKPUKLWLUKLU[KLHSLYX\V[LZMVYZPTPSHYZLJ\YP[PLZHUKKPZJV\U[LK
JHZOÅV^TL[OVK5V[L
137
5.
INTEREST INCOME
3VHUZHUKHK]HUJLZ
0U]LZ[TLU[ZLJ\YP[PLZ!
/;4 AFS
6MÔPJO!
0U[LYLZ[PUJVTLLHYULKVUPTWHPYLKSVHUZHUKHK]HUJLZ
6.
2012
RM’000
70,443
103,106
675
15,175
31,491
3,579
40,292
34,295
117,784
181,272
12,153
15,006
2013
RM’000
2012
RM’000
23,053
14,518
(858)
54,245
31,014
2,149
36,713
87,408
INTEREST EXPENSE
Savings deposits and Agro Perdana
-P_LK:WLJPHSKLWVZP[Z
3VHUZJOLTLM\UKHUK6,*-
138
2013
RM’000
7.
NON-INTEREST INCOME
(a) Fee and other operating income
Fee income
:LY]PJLJOHYNLZHUKMLLZ
3VHUWYVJLZZPUNMLLZ Other income
9LPTI\YZLTLU[VMNHWWPUNJVZ[
0UJVTLMYVT7YVQLJ[3HKHUN:\UNHP;HZHU
0UJVTLMYVTZ[HќSVHUZHUKÄUHUJPUN
Rental
5VUVWLYH[PVUHSPUJVTL
(b) Investment income
5L[NHPUVUKPZWVZHSVM(-:PU]LZ[TLU[ZLJ\YP[PLZ +P]PKLUKPUJVTL
2013
RM’000
2012
RM’000
3,510
296
6,628
2,552
3,806
9,180
661
659
1,030
57
1,649
1,994
833
1,173
111
5,087
4,056
9,198
7,862
18,378
2013
RM’000
2012
RM’000
174,192
10,940
230,722
10,908
185,132
241,630
139
8.
OVERHEAD EXPENSES
Personnel cost
:HSHY`HSSV^HUJLZHUKIVU\Z
,7-JVU[YPI\[PVUZ
:6*:6JVU[YPI\[PVUZ
:[Hќ^LSMHYL
:[Hќ[YHPUPUN
9LJY\P[TLU[MLLZ
+PYLJ[VYZHSSV^HUJL
Medical insurance
9L[PYLTLU[ILULÄ[ZZJOLTL
Others
Maintenance cost
+LWYLJPH[PVUVMWYVWLY[`WSHU[HUKLX\PWTLU[5V[L (TVY[PZH[PVUVMJVTW\[LYZVM[^HYL5V[L
0UZ\YHUJLVUWYVWLY[`WSHU[HUKLX\PWTLU[
9LU[HSVMWYLTPZLZ
7YPU[PUNZ[H[PVULY`HUKVѝJLZ\WWSPLZ
>H[LYHUKLSLJ[YPJP[`
*VTW\[LYTHPU[LUHUJL
)\PSKPUNTHPU[LUHUJL
6ѝJLTHPU[LUHUJL
*VTW\[LYZ\WWS`
Others
4HYRL[PUNL_WLUZLZ
(K]LY[PZPUNHUKWYVTV[PVUZ
Others
140
2013
RM’000
2012
RM’000
186,556
21,139
1,712
5,925
4,240
217
1,172
4,922
(10,035)
2,397
169,876
17,826
1,700
5,097
4,281
461
1,780
4,592
10,668
594
218,245
216,875
27,358
12,433
3,212
8,639
7,793
8,010
14,215
3,217
3,452
980
2,830
26,999
13,628
5,346
7,912
9,203
7,990
9,854
2,996
3,072
1,544
2,973
92,139
91,517
4,139
645
2,577
264
4,784
2,841
8.
OVERHEAD EXPENSES (cont’d)
.LULYHSHKTPUPZ[YH[P]LL_WLUZLZ *VTT\UPJH[PVUL_WLUZLZ
.V]LYUTLU[NYHU[Z3H\UJOPUN
.V]LYUTLU[NYHU[Z6WLYH[PUN
3LNHSMLLZ
(\KP[VY»ZYLT\ULYH[PVU
:[H[\[VY`H\KP[
6[OLYHZZ\YHUJLYLSH[LK
6[OLYZLY]PJLZ[H_JVTWSPHUJL
:LJ\YP[`JOHYNLZ
Others
9.
2013
RM’000
2012
RM’000
14,015
986
16,743
14,097
1,102
217
13,695
380
80
120
9,980
2,162
380
180
40
7,761
1,552
44,466
39,024
359,634
350,257
2013
RM’000
2012
RM’000
986
3,343
1,102
3,316
6,470
217
12,788
(573)
(225)
104
5
83
532
125
-
10,268
14,698
20,806
32,433
GOVERNMENT GRANTS
3H\UJOPUN.YHU[! +L]LSVWTLU[L_WLUKP[\YL
(TVY[PZH[PVUVMJHWP[HSL_WLUKP[\YL
6WLYH[PUN.YHU[! +L]LSVWTLU[L_WLUKP[\YL
(TVY[PZH[PVUVMJHWP[HSL_WLUKP[\YL
.V]LYUTLU[NYHU[Z-\UKZYLJV]LYLKYLSLHZLK!
,U[YLWYLUL\Y:JOLTLMVY.YHK\H[LZ
¸:<;2:¹UV[LI
:WLJPHS-\UKMVY;LYLUNNHU\-PZOLY`
¸+2:7¹UV[LJ
-\UKMVY4PUPZ[Y`VM@V\[OHUK:WVY[Z
¸+2):¹UV[LK
5H[PVUHS2L`,JVUVTPJ(YLH ¸52,(¹UV[LM
4PJYV,JVUVTPJ:[PT\SH[PVU7HJRHNL ¸4PJYV,:7¹UV[LN Agrobank Annual Report 2013
141
10. ALLOWANCE FOR IMPAIRMENT ON LOANS, FINANCING AND ADVANCES
3VHUZÄUHUJPUNHUKHK]HUJLZ!
(SSV^HUJLMVY[OL`LHY (TV\U[^YP[[LUIHJR\WVUYLJV]LYPLZHUKYL]LYZHS VMHSSV^HUJL
0UKP]PK\HSPTWHPYTLU[HSSV^HUJLUL[
(SSV^HUJLMVY[OL`LHY (TV\U[^YP[[LUIHJR
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJLUL[
)HKKLI[ZHUKÄUHUJPUN! >YP[[LUVќ
Recovered
2013
RM’000
2012
RM’000
(91,248)
(105,480)
55,431
85,051
(35,817)
(20,429)
(98,308)
17,390
(193,386)
41,070
(80,918)
(152,316)
80,900
(261)
85,716
(35,835)
(87,290)
11. (ALLOWANCE FOR)/ WRITEBACK OF IMPAIRMENT ON INVESTMENT SECURITIES
2013
RM’000
2012
RM’000
(4,995)
1,077
263
(3,918)
263
(SSV^HUJLMVYPTWHPYTLU[! *VYWVYH[LIVUKZ
8\V[LKZOHYLZ 142
12. TAX EXPENSE
0UJVTL[H_!
4HSH`ZPHUPUJVTL[H_
6]LY\UKLYWYV]PZPVUPUWYPVY`LHYZ
2013
RM’000
2012
RM’000
79,152
(1,097)
75
6
78,055
81
+LMLYYLK[H_!
9LSH[PUN[VVYPNPUH[PVUHUKYL]LYZHSVM[LTWVYHY`KPќLYLUJLZ
<UKLYWYV]PZPVUPUWYPVY`LHYZ
(5,073)
4,745
7,268
-
;H_L_WLUZLMVY[OL`LHY
77,727
7,349
0UJVTL[H_PZJHSJ\SH[LKH[[OL4HSH`ZPHUZ[H[\[VY`[H_YH[LVM!VM[OLLZ[PTH[LKHZZLZZHISL
WYVÄ[MVY[OL`LHY;OLYLJVUJPSPH[PVUIL[^LLU[H_L_WLUZLHUKHJJV\U[PUNWYVÄ[VM[OL)HURT\S[PWSPLKI`[OL
HWWSPJHISLJVYWVYH[L[H_YH[LHYLHZMVSSV^Z! 7YVÄ[ILMVYL[H_HUKaHRH[
2013
RM’000
2012
RM’000
Restated
319,309
355,363
;H_H[[OLHWWSPJHISLZ[H[\[VY`[H_YH[LVM!
;H_LќLJ[ZVM!
0UJVTLUV[Z\IQLJ[[V[H_
,_WLUZLZUV[KLK\J[PISLMVY[H_W\YWVZLZ
<UKLYWYV]PZPVUVMKLMLYYLK[H_PUWYPVY`LHYZ
6]LY\UKLYWYV]PZPVUVM[H_PUWYPVY`LHYZ
;H_L_WLUZL
77,727
7,349
143
12. TAX EXPENSE (cont’d)
;OL4PUPZ[Y`VM-PUHUJLIÙV[PÄJH[PVUPU[OL4HSH`ZPHU.HaL[[L7<( PZZ\LKHUVYKLYVU(WYPS
]LZ[PUNHSSWYVWLY[PLZYPNO[ZHUKSPHIPSP[PLZVM)HUR7LY[HUPHU4HSH`ZPHWYPVYJVYWVYH[PZH[PVU[V[OL)HUR^P[OV\[
HU`JVU]L`HUJLHZZPNUTLU[VY[YHUZMLY)HZLKVU[OLVYKLY[OL4PUPZ[Y`VM-PUHUJLPUHSL[[LYKH[LK1\UL
THKL[OLKLJPZPVU[VL_[LUK[OLYPNO[MVY[H_L_LTW[PVUVUHSSPUJVTLMVY`LHYZVMHZZLZZTLU[[V
L_JLW[MVY[H_VUKP]PKLUKPUJVTL0UHKKP[PVU[OL)HURPZHSSV^LK[VJHYY`MVY^HYK[OL\UHIZVYILKJHWP[HS
HSSV^HUJLZHUK\UHIZVYILK[H_SVZZLZMVY[OLZHPKL_LTW[WLYPVK;OLL_LTW[PVU^HZUV[L_[LUKLKHUK[OL
)HURPZZ\IQLJ[[VPUJVTL[H_MYVT[OLJ\YYLU[ÄUHUJPHS`LHYLUKLK+LJLTILY
13. ZAKAT
AHRH[MVY[OL`LHY 2013
RM’000
2012
RM’000
1,826
2,082
;OPZYLWYLZLU[ZHTV\U[[VILWHPKI`[OL)HURPUHJJVYKHUJL^P[O:OHYPHOHUKHWWYV]LKI`[OL:OHYPHO*V\UJPS
;OL)HUR\ZLZ[OLHZZL[NYV^[OTL[OVK[VJVTW\[LaHRH[
14. CASH AND SHORT TERMS FUNDS
Cash in hand
*HZOH[IHURZ
:OVY[[LYTKLWVZP[ZTH[\YPUN
^P[OPU[OYLLTVU[OZ!
3PJLUZLKIHURZ
6[OLYÄUHUJPHSPUZ[P[\[PVUZ
144
31 December
2013
RM’000
31 December
2012
RM’000
1,273,397
1,827,012
15. DEPOSITS WITH FINANCIAL INSTITUTIONS
31 December
2013
RM’000
31 December
2012
RM’000
60,000
-
60,000
-
31 December
2013
RM’000
31 December
2012
RM’000
6[OLYÄUHUJPHSPUZ[P[\[PVUZ 4H[\YP[`Z[Y\J[\YLVMKLWVZP[Z^P[OÄUHUJPHS
PUZ[P[\[PVUZPZHZMVSSV^Z!
:P_TVU[OZ[VUPULTVU[OZ
16. INVESTMENT SECURITIES
Debt securities
(-:H[MHPY]HS\L
*VYWVYH[LIVUKZ
4HSH`ZPHU.V]LYUTLU[:LJ\YP[PLZ¸4.:¹.V]LYUTLU[
0U]LZ[TLU[0ZZ\L¸.00¹
HTM - at amortised cost
*VYWVYH[LIVUKZ
*VTTLYJPHSWHWLYZ
3,281,897
2,976,130
214,162
214,079
3,496,059
3,190,209
145
16. INVESTMENT SECURITIES (cont’d)
Equity securities
(-:H[MHPY]HS\L
8\V[LKZOHYLZPU4HSH`ZPH
;V[HSILMVYLHSSV^HUJLZ
(SSV^HUJLMVYPTWHPYTLU[
*VYWVYH[LIVUKZ
8\V[LKZOHYLZPU4HSH`ZPH
Net
4H[\YP[`Z[Y\J[\YLMVY/;4PU]LZ[TLU[Z
PZHZMVSSV^Z!
4H[\YP[`^P[OPUZP_TVU[OZ
)L[^LLUZP_TVU[OZ[VVUL`LHY )L[^LLUVUL`LHY[V[OYLL`LHYZ )L[^LLU[OYLL`LHYZ[VÄ]L`LHYZ 4VYL[OHUÄ]L`LHYZ
3,594,651
3,461,741
(6,597)
(2,679)
3,588,054
3,459,062
214,162
214,079
213,150
214,584
Market Value
*VYWVYH[LIVUKZ
*VTTLYJPHSWHWLYZ
31 December
2012
RM’000
4HYRL[]HS\LZVM/;4PU]LZ[TLU[ZHYLHZMVSSV^Z!
146
31 December
2013
RM’000
16. INVESTMENT SECURITIES (cont’d)
Corporate
bonds
RM’000
Quoted
Shares
RM’000
Total
RM’000
1,359
1,320
2,679
4,995
(1,077)
3,918
6,354
243
6,597
31 December
2013
RM’000
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
4V]LTLU[PUHSSV^HUJLMVYPTWHPYTLU[
([1HU\HY`
(SSV^HUJLMVYYL]LYZHSVMHSSV^HUJL
K\YPUN[OL`LHY
([+LJLTILY
17. LOANS, FINANCING AND ADVANCES
At amortised cost:
0ZSHTPJÄUHUJPUNHUKHK]HUJLZ5V[LN
>H^HZHU;HUP3VHUZ
7YVQLJ[HUK,X\PWTLU[3VHUZ
*HWP[HS,U[YLWYLUL\Y;HUP¸4<:;¹
(NYPI\ZPULZZ3VHUZ
-\UK-VY-VVK¸-¹
0UZHUP,K\JH[PVU3VHUZ
7HKK`*YLKP[:JOLTL
4(7HUK477)3VHUZ
-\UKMVY:THSSHUK4LKP\T:PaL
0UK\Z[YPLZ¸;02:¹
147
17. LOANS, FINANCING AND ADVANCES (cont’d)
31 December
2013
RM’000
At amortised cost (cont’d):
*VU[YHJ[;HUP3VHUZ
(NYPJ\S[\YL:WLJPHS*YLKP[:JOLTL¸:727¹
:WLJPHS(K]HUJLZVU-P_LK+LWVZP[ ;VIHJJV:JOLTL (ZLHU1HWHU+L]LSVWTLU[-\UK¸(1+-¹
)HURPUN-HJPSP[PLZ 6[OLY3VHUZ
3VHUZÄUHUJPUNHUKHK]HUJLZ[VLTWSV`LLZ Less:
0UKP]PK\HSPTWHPYTLU[HSSV^HUJL
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJL
Net
148
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
1,613
156
333
55
2
1,885
2,953
3
521
609
154
19
2,031
2,385
1,700
522
591
534
79
2,214
6,328,235
6,422,133
6,093,685
65,098
70,990
72,690
6,393,333
6,493,123
6,166,375
(237,264)
(305,915)
(207,777)
(417,698)
(268,380)
(441,637)
5,850,154
5,867,648
5,456,358
P 4H[\YP[`Z[Y\J[\YLVMNYVZZSVHUZMPUHUJPUNHUKHK]HUJLZHYLHZMVSSV^Z!
31 December
2013
RM’000
)L[^LLUZP_TVU[OZ[VVUL`LHY
)L[^LLUVUL`LHY[V[OYLL`LHYZ
)L[^LLU[OYLL`LHYZ[VÄ]L`LHYZ
4VYL[OHUÄ]L`LHYZ 583,805
91,590
526,081
818,220
4,373,637
819,291
89,898
542,565
777,486
4,263,883
6,393,333
6,493,123
PP .YVZZSVHUZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`ZLJ[VYZHYLHZMVSSV^Z!
Sectors:
Support
Crops
3P]LZ[VJR
-PZOLY`
-VYLZ[Y`
6[OLYHNYPJ\S[\YHSIHZLKWYVJLZZPUN
31 December
2012
RM’000
Restated
31 December
2013
RM’000
31 December
2012
RM’000
Restated
2,653,171
2,445,278
700,814
435,527
34,547
123,996
2,945,095
2,286,218
687,978
402,747
38,120
132,965
6,393,333
6,493,123
149
P .YVZZSVHUZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`YLNPVUZHYLHZMVSSV^Z!
Regions:
2\HSH3\TW\Y
Selangor
Pahang
7LYHR
5LNLYP:LTIPSHU4LSHRH
1VOVY
2LSHU[HU
2LKHO7LYSPZ
:HYH^HR
:HIHO
Pulau Pinang
Terengganu
31 December
2013
RM’000
31 December
2012
RM’000
Restated
549,698
756,453
537,703
766,500
465,618
525,394
364,439
583,327
655,559
618,189
248,087
322,366
790,568
681,730
459,978
762,078
456,204
539,256
364,667
536,643
685,403
578,299
328,973
309,324
6,393,333
6,493,123
PPP .YVZZSVHUZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`JSHZZPÄJH[PVUHYLHZMVSSV^Z!
150
5LP[OLYWHZ[K\LUVYPTWHPYLK
7HZ[K\LI\[UV[PTWHPYLK
0TWHPYLK
31 December
2013
RM’000
31 December
2012
RM’000
Restated
5,337,602
418,876
636,855
5,124,064
562,041
807,018
6,393,333
6,493,123
7HZ[ K\L I\[ UV[ PTWHPYLK SVHUZ HYL SVHUZ ÔLYL [OL J\Z[VTLY OHZ MHPSLK [V THRL H WYPUJPWHS VY
PU[LYLZ[WH`TLU[ÔLUJVU[YHJ[\HSS`K\LHUKPUJS\KLZSVHUZÔPJOHYLK\LTVYL[OHUVULKH`HM[LY
[OLJVU[YHJ[\HSK\LKH[LI\[SLZZ[OHU[OYLLTVU[OZ
P] 4V]LTLU[PUPTWHPYLKNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZHYLHZMVSSV^Z!
31 December
2013
RM’000
([ILNPUUPUNVM[OL`LHY
(KKP[PVUZK\YPUN[OL`LHY
9LJSHZZPÄLKHZUVUPTWHPYLKK\YPUN[OL`LHY
9LJV]LYPLZK\YPUN[OL`LHY
9LJSHZZPÄLK[VVќIHSHUJLZOLL[K\YPUN[OL`LHY
(TV\U[^YP[[LUVќ
807,018
378,902
(90,134)
(231,324)
(23,782)
(203,825)
([LUKVM[OL`LHY
.YVZZPTWHPYLKSVHUZHZHWLYJLU[HNLVM
NYVZZSVHUZÄUHUJPUNHUKHK]HUJLZ
31 December
2012
RM’000
Restated
636,855
9.96%
] 0TWHPYLKNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`ZLJ[VYZHYLHZMVSSV^Z!
Sectors:
Support
Crops
3P]LZ[VJR
-PZOLY`
-VYLZ[Y`
907,175
500,500
(121,588)
(222,564)
(256,505)
807,018
12.43%
31 December
2013
RM’000
31 December
2012
RM’000
Restated
161,988
251,044
103,728
75,612
31,044
13,439
342,673
222,852
112,381
78,958
33,220
16,934
636,855
807,018
151
] 0TWHPYLKNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`YLNPVUZHYLHZMVSSV^Z!
Regions:
2\HSH3\TW\Y
Selangor
Pahang
7LYHR
1VOVY
2LSHU[HU
2LKHO7LYSPZ
:HYH^HR
:HIHO
Pulau Pinang
Terengganu
31 December
2013
RM’000
31 December
2012
RM’000
Restated
139,635
94,751
66,906
72,318
42,281
38,999
38,897
58,627
22,920
31,354
17,374
12,793
197,477
122,257
73,536
88,644
63,651
61,293
44,983
39,154
35,686
29,695
31,482
19,160
636,855
807,018
31 December
2013
RM’000
31 December
2012
RM’000
Restated
207,777
91,248
268,380
105,480
(55,431)
(85,051)
35,817
(6,330)
20,429
(81,032)
237,264
207,777
]P 4V]LTLU[PUPUKP]PK\HSPTWHPYTLU[HSSV^HUJLHYLHZMVSSV^Z!
152
(SSV^HUJLMVY[OL`LHY
(TV\U[^YP[[LUIHJR\WVUYLJV]LYPLZHUK
YL]LYZHSVMHSSV^HUJL
5L[HSSV^HUJLMVY[OL`LHY
(TV\U[^YP[[LUVќ
([LUKVM[OL`LHY
31 December
2013
RM’000
31 December
2012
RM’000
Restated
417,698
98,308
(17,390)
441,637
193,386
(41,070)
80,918
(192,701)
152,316
(176,255)
305,915
417,698
4.97%
6.65%
]PP 4V]LTLU[PUJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLHYLHZMVSSV^Z!
(SSV^HUJLMVY[OL`LHY
(TV\U[^YP[[LUIHJR
5L[HSSV^HUJLMVY[OL`LHY
(TV\U[^YP[[LUVќ
([LUKVM[OL`LHY
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJLHZHWLYJLU[HNLVM
NYVZZSVHUZÄUHUJPUNHUKHK]HUJLZSLZZPUKP]PK\HS
PTWHPYTLU[HSSV^HUJL
0UJS\KLKPUUL[JVSSLJ[P]LPTWHPYTLU[HSSV^HUJLMVY[OL`LHYHYLJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLVU
SVHUZÄUHUJPUNHUKHK]HUJLZM\UKLKI`NV]LYUTLU[NYHU[ZÔPJOHYLHZMVSSV^Z!
¸:<;2:¹UV[LI
:WLJPHS-\UKMVY;LYLUNNHU\-PZOLY`
¸+2:7¹UV[LJ
-\UKMVY4PUPZ[Y`VM@V\[OHUK:WVY[Z
¸+2):¹UV[LK
5H[PVUHS2L`,JVUVTPJ(YLH
¸52,(¹UV[LM
4PJYV,JVUVTPJ:[PT\SH[PVU7HJRHNL
¸4PJYV,:7¹UV[LN
;OL[V[HSHTV\U[VMJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLPUJS\KLZJVSSLJ[P]LHSSV^HUJLZMVYUVUPTWHPYLK
SVHUZVM94 !94
(573)
(225)
104
5
83
532
125
-
10,268
14,698
153
18. OTHER ASSETS
31 December
2013
RM’000
31 December
2012
RM’000
39,380
54,632
5,752
3,377
103,141
31,730
61,222
7,836
3,377
104,165
3LZZ!PTWHPYTLU[HSSV^HUJL
(6,940)
(8,245)
Net
96,201
95,920
4V]LTLU[PUPTWHPYTLU[HSSV^HUJL
(KKP[PVUK\YPUN[OL`LHY
9L]LYZHSK\YPUN[OL`LHY
8,245
(1,305)
11,956
2,472
(6,183)
6,940
8,245
6[OLYYLJLP]HISLZ
0U[LYLZ[HUKPUJVTLYLJLP]HISL
7YVQLJ[3HKHUN)74:N;HZHU
([LUKVM[OL`LHY
154
19. PROPERTY, PLANT AND EQUIPMENT
Freehold
land
Freehold Leasehold Leasehold
building
land buildings
Furniture Equipment
and HUKVɉJL Computer
vehicles Ä_[\YLZ machines OHYK^HYL
Motor
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
73,650
401,206
Cost
Additions
>YP[LVќKPZWVZHS
3,591
11,732
8,034
87,147
13,774
146,067
57,211
([1HU\HY`
>YP[LVќKPZWVZHS
*OHYNLMVY[OL`LHY
-
3,693
1,788
21,776
10,420
79,155
27,406
61,574
205,812
3,591
8,039
6,246
65,371
3,354
66,912
29,805
12,076
195,394
3,591
8,343
6,322
65,107
2,487
62,792
26,914
15,300
190,856
([1HU\HY`
([+LJLTILY
Accumulated
depreciation
([+LJLTILY
Net book value
([+LJLTILY
([+LJLTILY
155
19. PROPERTY, PLANT AND EQUIPMENT (cont’d)
P ;OLWYVWLY[`WSHU[HUKLX\PWTLU[HJX\PYLKMYVTNV]LYUTLU[NYHU[ZSH\UJOPUN^P[OUL[IVVR]HS\LHTV\U[PUN[V
94 !94HYLHZMVSSV^Z!
At 31 December 2013
Cost
(JJ\T\SH[LKKLWYLJPH[PVU
Net book value
At 31 December 2012
Cost
Net book value
156
Motor
vehicles
RM’000
Furniture
and
Ä_[\YLZ
RM’000
Equipment
HUKVɉJL
machines
RM’000
Computer
OHYK^HYL
RM’000
Total
RM’000
696
(696)
14,023
(6,886)
1,867
(900)
1,547
(1,547)
18,133
(10,029)
-
7,137
967
-
8,104
696
(673)
14,047
(5,450)
1,934
(714)
1,548
(1,386)
18,225
(8,223)
23
8,597
1,220
162
10,002
19. PROPERTY, PLANT AND EQUIPMENT (cont’d)
PP ;OLWYVWLY[`WSHU[HUKLX\PWTLU[HJX\PYLKMYVTNV]LYUTLU[NYHU[ZVWLYH[PUN\UKLY[OL [O4HSH`ZPHU7SHU
¸942 ¹^P[OUL[IVVR]HS\LHTV\U[PUN[V94 !94HYLHZMVSSV^Z!
At 31 December 2013
Cost
Net book value
At 31 December 2012
Cost
Net book value
Buildings
RM’000
Motor
vehicles
RM’000
Furniture
and
Ä_[\YLZ
RM’000
Equipment
HUKVɉJL
machines
RM’000
Computer
OHYK^HYL
RM’000
Total
RM’000
13,600
(3,874)
1,709
(1,709)
28,188
(24,027)
4,000
(2,039)
23,975
(20,633)
71,472
(52,282)
9,726
-
4,161
1,961
3,342
19,190
13,600
(3,733)
1,709
(1,709)
28,188
(23,139)
4,000
(1,638)
23,975
(16,752)
71,472
(46,971)
9,867
-
5,049
2,362
7,223
24,501
157
20. INTANGIBLE ASSETS
Computer
ZVM[^HYL
RM’000
Cost
([1HU\HY`
Additions
>YP[LVќ
([+LJLTILY
63,651
18,476
(49)
82,078
(JJ\T\SH[LKHTVY[PZH[PVU ([1HU\HY`
*OHYNLMVY[OL`LHY
>YP[LVќ
42,753
12,433
(49)
([+LJLTILY
55,137
([+LJLTILY
26,941
([+LJLTILY
20,898
5L[IVVR]HS\L
0UJS\KLKPU[OLHIV]LHYLJVTW\[LYZVM[^HYLHJX\PYLKMYVT[OLMVSSV^PUNNV]LYUTLU[NYHU[Z!
a)
Government Grant- Launching
Cost
RM’000
158
Accumulated Net book
amortisation
value
RM’000
RM’000
20. INTANGIBLE ASSETS (cont’d)
b)
Government Grant- Operating under the 9th Malaysian Plan (“RMK 9”)
Accumulated
Net book
Cost
amortisation
value
RM’000
RM’000
RM’000
2013
1,525
2012
2,684
31 December
2013
RM’000
31 December
2012
RM’000
Restated
([1HU\HY`HZWYL]PV\ZS`Z[H[LK
7YPVY`LHYHKQ\Z[TLU[ZUV[LPPP
(32,322)
18,534
(80,390)
19,310
([1HU\HY`HZYLZ[H[LK
9LJVNUPZLKPUPUJVTLZ[H[LTLU[
9LJVNUPZLKPULX\P[`
(13,788)
328
62,032
(61,080)
(7,268)
54,560
48,572
(13,788)
61,657
(13,085)
54,159
(67,947)
48,572
(13,788)
21. DEFERRED TAX ASSETS/(LIABILITIES)
([+LJLTILY
7YLZLU[LKHM[LYHWWYVWYPH[LVќZL[[PUNHZMVSSV^Z!
+LMLYYLK[H_HZZL[Z
+LMLYYLK [H_ HZZL[Z HUK SPHIPSP[PLZ HYL VќZL[ ÔLU [OLYL PZ H SLNHSS` LUMVYJLHISL YPNO[ [V ZL[Vќ J\YYLU[
[H_ HZZL[Z HNHPUZ[ J\YYLU[ [H_ SPHIPSP[PLZ HUK ÔLU [OL KLMLYYLK PUJVTL [H_LZ YLSH[LZ [V [OL ZHTL ÄZJHS
H\[OVYP[`
159
21. DEFERRED TAX ASSETS/(LIABILITIES) (cont’d)
;OLJVTWVULU[ZHUKTV]LTLU[ZVMKLMLYYLK[H_HZZL[ZHUKSPHIPSP[PLZK\YPUN[OLÄUHUJPHS`LHYWYPVY[VVќZL[[PUNHYLHZMVSSV^Z!
At Recognised Recognised
At 31
directly December Recognised Recognised
1 January
At 31
in income
in equity
2012
2012
directly December
in income
statement
RM’000
RM’000
RM’000
in equity
statement
2013
RM’000
Restated
Restated
Restated
RM’000
RM’000
RM’000
Restated
+LMLYYLK[H_SPHIPSP[PLZ!
7YVWLY[`WSHU[HUK
LX\PWTLU[
(9,074)
3,876
-
(5,198)
(7,170)
-
(12,368)
(117,309)
-
54,560
(62,749)
-
62,032
(717)
(126,383)
3,876
54,560
(67,947)
(7,170)
62,032
(13,085)
VUSVHUZÄUHUJPUNHUK
advances
31,964
(31,964)
-
-
-
-
-
on securities
2,408
(2,408)
-
-
-
-
-
7YV]PZPVUMVY\UKPZ[YPI\[LK
WYVÄ[
19,310
21,106
-
40,416
13,036
-
53,452
6[OLY[LTWVYHY`KPќLYLUJLZ
11,621
2,122
-
13,743
(5,538)
-
8,205
65,303
(11,144)
-
54,159
7,498
-
61,657
(61,080)
(7,268)
54,560
(13,788)
328
62,032
48,572
0U]LZ[TLU[YL]HS\H[PVU
reserve
+LMLYYLK[H_HZZL[Z!
5L[KLMLYYLK[H_HZZL[Z
SPHIPSP[PLZ
160
22. DEPOSITS FROM CUSTOMERS
At amortised cost:
-P_LKTVUL`THYRL[KLWVZP[Z
Savings deposits
Agro Perdana
4H[\YP[`Z[Y\J[\YLVMÄ_LKTVUL`THYRL[KLWVZP[Z
MYVTJ\Z[VTLYZPZHZMVSSV^Z!
>P[OPUZP_TVU[OZ
31 December
2013
RM’000
31 December
2012
RM’000
Restated
3,514,693
1,581,660
1,498,293
3,779,419
1,640,654
1,443,143
6,594,646
6,863,216
1,458,119
1,953,240
28,359
74,975
2,843,736
857,159
29,688
48,836
3,514,693
3,779,419
2,695,451
2,619,842
436,464
814,321
28,568
2,492,133
2,760,759
601,653
965,618
43,053
6,594,646
6,863,216
;OLKLWVZP[ZHYLZV\YJLKMYVT[OLMVSSV^PUN[`WLZVMJ\Z[VTLYZ!
.V]LYUTLU[
Individuals
+VTLZ[PJI\ZPULZZLU[LYWYPZLZ
+VTLZ[PJV[OLYLU[P[PLZ
+VTLZ[PJUVUIHURPUNPUZ[P[\[PVUZ
161
23. OTHER LIABILITIES
(a) Other payables and accruals
(JJY\LKL_WLUZLZ
:\UKY`JYLKP[VYZ
+VUH[PVUJOHYP[`
AHRH[WH`HISL
7YV]PZPVUMVY\UKPZ[YPI\[LKWYVÄ[
7YV]PZPVUMVY[H_L_WLUZL
P 7YV]PZPVUMVY\UKPZ[YPI\[LKWYVÄ[
([1HU\HY`HZWYL]PV\ZS`Z[H[LK
7YPVY`LHYHKQ\Z[TLU[ZUV[LPP
([1HU\HY`HZYLZ[H[LK
7YV]PZPVUMVY[OL`LHY (i)
(ii)
At 31 December
162
31 December
2013
RM’000
31 December
2012
RM’000
Restated
52,653
52,966
11
2,469
213,809
2,682
2,345
52,314
61,558
155
4,075
161,665
1,191
43,641
326,935
324,599
31 December
2013
RM’000
31 December
2012
RM’000
Restated
161,665
77,240
161,665
52,144
77,240
84,425
213,809
161,665
7YV]PZPVUMVY\UKPZ[YPI\[LKWYVÄ[YLSH[LZ[V\UKLYHJJY\HSVMWYVÄ[WH`HISLVU4\KOHYHIHOKLWVZP[Z
PUWYPVY`LHYZHZKPZJSVZLKM\Y[OLYPUUV[LPP
23. OTHER LIABILITIES (cont’d)
(a) Other payables and accruals (cont’d)
PP 9L[PYLTLU[ILULÄ[ZZJOLTL
(a) ;OLWYV]PZPVUMVYYL[PYLTLU[ILULÄ[ZZJOLTLPZHZMVSSV^Z!
RM’000
At 1 January 2013
Current service cost
)LULÄ[ZWHPKMYVTWSHU
(JJ\T\SH[LKV]LYWYV]PZPVU
At 31 December 2013
43,641
197
(31,261)
(10,232)
2,345
*\YYLU[ZLY]PJLJVZ[YLWYLZLU[Z[OLPUJYLHZLPU[OLYL[PYLTLU[ILULÄ[H[LHJOYLWVY[PUNKH[L
YLZ\S[PUNMYVTHUHKKP[PVUHS`LHYVMZLY]PJLYLUKLYLKI`[OLLTWSV`LL
(b) ;OLWYPUJPWHSHZZ\TW[PVUZ\ZLK[VKL[LYTPUL[OLLZ[PTH[LKJVZ[ZHUKVISPNH[PVUZHYLHZMVSSV^Z!
31 December
2013
Turnover and early retirement rate
Age brackets:
3LZZ[OHU`LHYZ
`LHYZ
`LHYZ
`LHYZ
`LHYZ
`LHYZ
`LHYZHUKV]LY
Salaries increase rate (per annum)
(]LYHNLYLTHPUPUN`LHYZVMZLY]PJLVMLTWSV`LLZ
8.12%
7.48%
6.22%
4.76%
3.36%
1.96%
0.81%
5.00%
16 years
163
23. OTHER LIABILITIES (cont’d)
(a)
Other payables and accruals (cont’d)
PP
9L[PYLTLU[ILULÄ[ZZJOLTLJVU[»K
(c) :LUZP[P]P[`HUHS`ZPZMVYKPZJV\U[YH[LYPZR
(VULWLYJLU[HNLWVPU[KLJYLHZLVYPUJYLHZLPU[OLHZZ\TLKKPZJV\U[YH[L^V\SKOH]L[OL
MVSSV^PUNLќLJ[Z! P *\YYLU[ZLY]PJLJVZ[[VPUJYLHZLI`94VYKLJYLHZLI`94YLZWLJ[P]LS`
PP7YV]PZPVUMVYYL[PYLTLU[ILULÄ[ZJOLTL[VPUJYLHZL[V94VYKLJYLHZL[V94 YLZWLJ[P]LS` (b)
Paddy credit gratuity scheme
Additions
7H`TLU[
([[OLLUKVM`LHY
31 December
2013
RM’000
31 December
2012
RM’000
2,225
2,185
;OL)HURZL[Z\W[OPZZJOLTL[VTHUHNL[OLNYH[\P[`[V[OLWHKK`JYLKP[ZJOLTLSVHULLZ;OLM\UK\UKLY
[OPZZJOLTLPZJVU[YPI\[LK[OYV\NO[OL^P[OOVSKPUNVMHUHTV\U[MYVT[OLSVHUZKPZI\YZLK[V[OLSVHULLZ
MVYWH`TLU[VMM\[\YLKLH[OILULÄ[Z[V[OLSLNHSOLPYVM[OLSVHULLZ\WVU[OLPYKLTPZL
164
24. LOAN SCHEME FUND
:\TTHY`VMSVHUZJOLTLM\UKPZHZMVSSV^Z!
3VHUMYVT6,*-\UKMVY-VVK¸-¹
477)-\UKZ
6PS7HST9LWSHU[PUN
:JOLTL¸;(:2:¹
7HKK`*YLKP[:JOLTL
Food Production Credit
:JOLTL¸:274¹
-PZOLY`)VH[-PUHUJPUN
:JOLTL¸:7)7¹
,U[YLWYLUL\Y:JOLTLMVY
.YHK\H[LZ
¸:<;2:-PUHUJPUN¹
3VHUMVY:THSSHUK4LKP\T
:PaL0UK\Z[YPLZ¸72:¹
5VU-VVK7YVK\J[PVU*YLKP[
:JOLTL¸:27)4¹
Micro Enterprise Fund
Note
31 December
2013
RM’000
31 December
2012
RM’000
H
I
J
1,003,316
51,134
20,638
970,463
70,486
K
L
13,000
76,701
14,000
105,715
M
74,923
100,744
N
140,000
140,000
O
6,015
8,010
P
73,048
100,730
Q
R
22,594
94,616
25,073
83,767
1,555,347
1,639,626
165
24. LOAN SCHEME FUND (cont’d)
H 3VHUMYVT6,*-
([1HU\HY`
Addition
Interest charged
9LWH`TLU[
-VYLPNUL_JOHUNLKPќLYLUJLZ
([+LJLTILY
Principal
RM’000
Interest
RM’000
Total
RM’000
20,063
575
20,638
31 December
2013
RM’000
31 December
2012
RM’000
-
20,638
4H[\YP[`Z[Y\J[\YLVMSVHUMYVT
6,*-PZHZMVSSV^Z!
>P[OPUVUL`LHY
;OPZSVHU^HZVI[HPULKMYVT[OL6]LYZLHZ,JVUVTPJ*VVWLYH[PVU-\UK¸6,*-¹PU H[HU
PU[LYLZ[YH[LVMWLYHUU\TMVY`LHYZ;OLYLWH`TLU[WLYPVKJVTTLUJLKPU HUK[OL
SVHU^HZM\SS`ZL[[SLKPU
(b) Fund For Food (“3F”)
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
([1HU\HY`
Additions
7YVÄ[JOHYNLK
9LWH`TLU[Z
965,876
4,587
970,463
([+LJLTILY
1,003,006
310
1,003,316
166
(b) Fund For Food (“3F”) (cont’d)
<UKLY[OL [O4HSH`ZPHU7SHU¸942 ¹[OL.V]LYUTLU[HNYLLK[VJOHUULS94TPSSPVUMVYH
[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[YH[LVMWLYHUU\T;OLW\YWVZLVM[OPZ
M\UKPZ[VLUOHUJL[OLMVVKWYVK\J[PVUZPUK\Z[Y`HUK[VYLK\JLKLWLUKLUJ`VUPTWVY[Z
(c) Bumiputera Commercial and Industrial Community Scheme (“MPPB”)
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
70,000
486
70,486
51,099
35
51,134
([1HU\HY`
7YVÄ[JOHYNLK
9LWH`TLU[Z
([+LJLTILY
[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[YH[LVMWLYHUU\T;OLVIQLJ[P]LVM[OPZ
ZJOLTLPZ[VWYV]PKLÄUHUJPUNMHJPSP[PLZ[V)\TPW\[LYHLU[YLWYLUL\YZMHYTLYZÄZOLYTHUHUKV[OLY
YLSH[LKPUZ[P[\[PVUZ
(d) Oil Palm Replanting Scheme (“TASKS”)
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
14,000
14,000
13,000
-
13,000
([1HU\HY`
9LWH`TLU[Z
([+LJLTILY
;OPZM\UKPZJOHUULSSLK[OYV\NO[OL4PUPZ[Y`VM7SHU[H[PVU0UK\Z[YPLZHUK*VTTVKP[PLZ[VÄUHUJL[OL
YLWSHU[PUNVMVPSWHSTWSHU[H[PVUZ
167
(e) Paddy Credit Scheme
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
105,000
715
54
(717)
105,715
54
(29,068)
76,649
52
76,701
At 1 January 2013
7YVÄ[JOHYNLK
Repayments
([+LJLTILY
;OL4PUPZ[Y`VM(NYPJ\S[\YLWYV]PKLK94TPSSPVU[V[OL)HUR[VLUJV\YHNL[OLJV\U[Y`»ZWHKK`
PUK\Z[Y`;OLSVHU[LU\YLPZ`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[YH[LVMWLYHUU\T
M -VVK7YVK\J[PVU*YLKP[:JOLTL¸:274¹
168
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
100,000
744
100,744
74,579
344
74,923
([1HU\HY`
7YVÄ[JOHYNLK
9LWH`TLU[Z
([+LJLTILY
[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[YH[LVMWLYHUU\T
(g) Fishery Boat Financing Scheme (“SPBP”)
Principal
RM’000
([1HU\HY`
9LWH`TLU[Z
140,000
([+LJLTILY
140,000
[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKPLJVTTLUJLTLU[VMWYVÄ[YH[LWH`TLU[PUH[WYVÄ[
YH[LVMWLYHUU\T;OLW\YWVZLVM[OLM\UKPZ[VTVKLYUPZL[OLMHJPSP[PLZ^P[OPU[OLÄZOLY`
PUK\Z[Y`WYVTV[LKLLWZLHHUKOPNOZLHÄZOPUNPUK\Z[Y`
O ,U[YLWYLUL\Y:JOLTLMVY.YHK\H[LZ¸:<;2:-PUHUJPUN¹
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
8,010
8,010
6,015
-
6,015
([1HU\HY`
7YVÄ[JOHYNLK
9LWH`TLU[Z
([+LJLTILY
;OL.V]LYUTLU[HSSVJH[LK94TPSSPVUMVYH[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[
YH[LVMWLYHUU\T;OLW\YWVZLVM[OPZZJOLTLPZ[VLUJV\YHNL[OLPU]VS]LTLU[VMNYHK\H[LZ
PU[OLHNYPJ\S[\YLZLJ[VY
169
P 3VHUMVY:THSSHUK4LKP\T:PaL0UK\Z[YPLZ¸72:¹
170
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
100,000
730
100,730
72,999
49
73,048
([1HU\HY`
7YVÄ[JOHYNLK
9LWH`TLU[Z
([+LJLTILY
<UKLY[OL [O4HSH`ZPHU7SHU¸942 ¹[OL.V]LYUTLU[HNYLLK[VJOHUULS94TPSSPVU;OL
W\YWVZLVM[OPZM\UKPZ[VLUJV\YHNLPU]LZ[TLU[PU[OLHNYPJ\S[\YHSPUK\Z[Y`;OL[LU\YLVM[OPZSVHUPZ
`LHYZ`LHYZNYHJLWLYPVKH[HWYVÄ[YH[LVMWLYHUU\T
(j)
Non-Food Production Credit Scheme (“SKPBM”)
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
([1HU\HY`
7YVÄ[JOHYNLK
9LWH`TLU[Z
25,062
11
25,073
([+LJLTILY
22,584
10
22,594
[LU\YLVM`LHYZ`LHYZNYHJLWLYPVKH[WYVÄ[YH[LVMWLYHUU\T;OLW\YWVZLVM[OPZM\UK
PZ[VLUOHUJL[OLWYPTHY`HUK[LY[PHY`HNYPJ\S[\YHSHJ[P]P[PLZ
(k) Micro Enterprise Fund
Principal
RM’000
7YVÄ[
RM’000
Total
RM’000
([1HU\HY`
Additions
7YVÄ[JOHYNLK
9LWH`TLU[Z
83,770
(3)
83,767
([+LJLTILY
94,617
(1)
94,616
;OLM\UKHTV\U[PUN[V94TPSSPVU^HZSH\UJOLKI`)HUR5LNHYH4HSH`ZPH¸¹)54¹¹[V
PUJYLHZL[OLHJJLZZ[VTPJYVÄUHUJPUN[VZLSLJ[LKLSPNPISLTPJYVLU[YLWYLUL\YZ;OLWYVÄ[YH[LVM[OPZ
M\UKPZWLYHUU\TMVYH[LU\YLVM`LHYZ
25. GOVERNMENT GRANTS - OPERATING
Capital
,_WLUKP[\YL
RM’000
Development
,_WLUKP[\YL
RM’000
Total
RM’000
41,795
77
41,872
35,325
77
35,402
([1HU\HY`
(TVY[PZH[PVUK\YPUN[OL`LHY
([+LJLTILY
:PUJL[OL)HURYLJLP]LKVWLYH[PUNNYHU[HTV\U[PUN[V94TPSSPVUMYVT[OL4PUPZ[Y`VM-PUHUJL
;OLW\YWVZLVM[OLNYHU[PZMVYJHWP[HSL_WLUKP[\YL[VÄUHUJL[OLHJX\PZP[PVUVMWYVWLY[`WSHU[HUKLX\PWTLU[
HUKKL]LSVWTLU[L_WLUKP[\YL[VÄUHUJL[OL[YHPUPUNJV\YZLZNP]LU[VLU[YLWYLUL\YZ
171
26. GOVERNMENT GRANTS - LAUNCHING
Capital
,_WLUKP[\YL
RM’000
Development
,_WLUKP[\YL
RM’000
Total
RM’000
([1HU\HY`
9LJSHZZPÄJH[PVU
<[PSPZH[PVUK\YPUN[OL`LHY
(TVY[PZH[PVUK\YPUN[OL`LHY
14,301
7,297
21,598
([+LJLTILY
10,345
6,924
17,269
0U[OL4PUPZ[Y`VM-PUHUJLHWWYV]LKHUHSSVJH[PVUVM94TPSSPVU[V[OL)HURMVY[OLW\YWVZL
VM [OL )HUR»Z JVYWVYH[PZH[PVU ;OL NYHU[ PZ [V IL \ZLK MVY IYHUKPUN WYVK\J[ KL]LSVWTLU[ HUK VѝJL
L_WHUZPVU
27. GOVERNMENT GRANTS - FUNDS
:\TTHY`VMNV]LYUTLU[NYHU[M\UKZPZHZMVSSV^Z!
31 December
2013
Note
RM’000
+L]LSVWTLU[7YVNYHTTLMVY
/HYKJVYL7VVY¸779;¹
,U[YLWYLUL\Y:JOLTL
MVY.YHK\H[LZ¸:<;2:¹
Special Fund For Terengganu
-PZOLY`¸+2:7¹
-\UKMVY4PUPZ[Y`VM@V\[O
HUK:WVY[Z¸+2):¹
)\TPW\[LYH*VTTLYJPHS
HUK0UK\Z[YPHS*VTT\UP[`
:JOLTL/<)¸477)/<)¹
5H[PVUHS2L`,JVUVTPJ(YLH
¸52,(¹
4PJYV,JVUVTPJ:[PT\SH[PVU
7HJRHNL¸4PJYV,:7¹
172
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
H
I
J
K
L
M
N
257,500
229,250
245,013
27. GOVERNMENT GRANTS - FUNDS (cont’d)
H +L]LSVWTLU[7YVNYHTTLMVY/HYKJVYL7VVY¸779;¹
RM’000
([+LJLTILYHUK+LJLTILY
;OPZWYVNYHTTLYLWYLZLU[ZWYVÄ[MYLLÄUHUJPUNMYVT[OL.V]LYUTLU[[VOHYKJVYLWVVY
2,560
I ,U[YLWYLUL\Y:JOLTLMVY.YHK\H[LZ¸:<;2:¹
31 December
2013
RM’000
31 December
2012
RM’000
1,358
785
.V]LYUTLU[.YHU[Z-\UKZYLJV]LYLKUV[L ([LUKVM[OL`LHY
;OLVIQLJ[P]LVM[OPZWYVNYHTTLPZ[VYLK\JL[OL\ULTWSV`TLU[YH[LHTVUNNYHK\H[LZI`JYLH[PUN
JHYLLYVWWVY[\UP[PLZPU[OLHNYPJ\S[\YHSZLJ[VY-PUHUJPUNPZVќLYLK\UKLY(S¶)HP»)P[OHTHU(QPSÔPJO
PTWVZLZHWYVÄ[YH[LVMWLYHUU\T
J :WLJPHS-\UKMVY;LYLUNNHU\-PZOLY`¸+2:7¹
31 December
2013
RM’000
31 December
2012
RM’000
587
1,391
(TVY[PZH[PVUMVY[OL`LHY
.V]LYUTLU[.YHU[Z-\UKZYLSLHZLKUV[L ([LUKVM[OL`LHY
;OLVIQLJ[P]LVM[OPZM\UKPZ[VYHPZL[OLZVJPVLJVUVTPJZ[H[\ZVMÄZOLYTLUÄZOIYLLKLYZHUK
HX\HJ\S[\YLLU[YLWYLUL\YZ;OLÄUHUJPUNPZVќLYLK\UKLY(S¶)HP»)P[OHTHU(QPS\W[VVM[OL
[V[HSWYVQLJ[JVZ[HUKPZWYVÄ[MYLLYH[L;OLÄUHUJPUN[LYTZ^V\SKKLWLUKVU[OLWYVQLJ[^P[O
YLWH`TLU[[LYTZUV[L_JLLKPUN`LHYZ
173
K -\UKMVY4PUPZ[Y`VM@V\[OHUK:WVY[Z¸+2):¹
31 December
2013
RM’000
31 December
2012
RM’000
11,689
11,772
;OLW\YWVZLVM[OPZM\UKPZ[VLUJV\YHNL`V\[O[VILPU]VS]LKPU[OLHNYPJ\S[\YHSPUK\Z[Y`\UKLY:RPT
)LSPH;HUP (e) Bumiputera Commercial and Industrial Community Scheme HUB (“MPPB HUB”)
31 December
2013
RM’000
31 December
2012
RM’000
9LJLP]LKK\YPUN[OL`LHY
([LUKVM[OL`LHY
40,000
-
;OLVIQLJ[P]LVM[OPZM\UKPZ[VÄUHUJL)\TPW\[LYHHNYPJ\S[\YHS]LU[\YLZ^P[OTH_PT\TÄUHUJPUN
H]HPSHISL\W[V94 M 5H[PVUHS2L`,JVUVTPJ(YLH¸52,(¹
174
31 December
2013
RM’000
31 December
2012
RM’000
Restated
53,832
55,000
(TVY[PZH[PVUMVY[OL`LHY
;OLW\YWVZLVM[OPZM\UKPZ[VLUJV\YHNLLU[YLWYLUL\YZ[VWHY[PJPWH[LPUHNYVIHZLKPUK\Z[YPLZI`
WYV]PKPUNHTH_PT\TVM94WLYÄUHUJPUN
(g) Micro Economic Stimulation Package (“Micro - ESP”)
31 December
2013
RM’000
31 December
2012
RM’000
Restated
3LNHSMLLZ
147,474
157,742
;OLW\YWVZLVM[OPZM\UKPZ[VLUJV\YHNLLU[YLWYLUL\YZ[VWHY[PJPWH[LPUHNYPJ\S[\YHSWYVK\J[PVUHJ[P]P[PLZ
I`WYV]PKPUNHTH_PT\TVM94WLYÄUHUJPUN
28. SHARE CAPITAL
Authorised:
6YKPUHY`ZOHYLZVM94LHJO
0ZZ\LKHUKM\SS`WHPK!
6YKPUHY`ZOHYLZVM94LHJO
31 December
2013
RM’000
31 December
2012
RM’000
2,000,000
2,000,000
1,000,000
1,000,000
175
29. RESERVES
Non-distributable reserve:
:[H[\[VY`YLZLY]LZ
0U]LZ[TLU[YL]HS\H[PVUYLZLY]L
Distributable reserve:
Retained earnings
Note
31 December
2013
RM’000
31 December
2012
RM’000
H
I
1,349,389
1,325,262
(a) Statutory reserves
;YHUZMLYVMWYVÄ[[VYLZLY]LM\UKPZVUS`HWWSPJHISLÔLU9>*9VM[OL)HURPZILSV^[OL[OYLZOVSKVM
HZHWWYV]LKI`)54]PHSL[[LY[V[OL)HURKH[LK-LIY\HY`
(b) Investment revaluation reserve
;OLPU]LZ[TLU[YL]HS\H[PVUYLZLY]LPZPUYLZWLJ[VM\UYLHSPZLKMHPY]HS\LNHPUHUKSVZZVUÄUHUJPHS
PU]LZ[TLU[Z(-:
30. DIVIDENDS
0U[LYPTKP]PKLUKVMZLUSLZZ[H_VU
VYKPUHY`ZOHYLZPUYLZWLJ[VM[OLÄUHUJPHS
`LHYLUKLK+LJLTILY
-PUHSKP]PKLUKVMZLUSLZZ[H_VU
`LHYLUKLK+LJLTILY
-PUHSKP]PKLUKVMZLUSLZZ[H_VU
`LHYLUKLK+LJLTILY
176
2013
RM’000
2012
RM’000
31,500
22,500
30. DIVIDENDS (cont’d)
([[OLMVY[OJVTPUN(UU\HS.LULYHS4LL[PUNHÄUHSZPUNSL[PLYKP]PKLUKPUYLZWLJ[VM[OLJ\YYLU[ÄUHUJPHS
`LHYLUKLK+LJLTILYVMZLUVUVYKPUHY`ZOHYLZVM94LHJOHTV\U[PUN
[VKP]PKLUKWH`HISLVM94^PSSILWYVWVZLKMVYZOHYLOVSKLY»ZHWWYV]HS ;OLÄUHUJPHSZ[H[LTLU[ZMVY[OLJ\YYLU[ÄUHUJPHS`LHYKVUV[YLÅLJ[[OPZWYVWVZLKKP]PKLUK:\JOKP]PKLUK
PMHWWYV]LKI`[OLZOHYLOVSKLY^PSSILHJJV\U[LKMVYPULX\P[`HZHUHWWYVWYPH[PVUVMYL[HPULKLHYUPUNZPU
[OLUL_[ÄUHUJPHS`LHYLUKPUN+LJLTILY
7YPVY [V [OL `LHY VM HZZLZZTLU[ 4HSH`ZPHU JVTWHUPLZ HKVW[LK [OL M\SS PTW\[H[PVU Z`Z[LT 0U
HJJVYKHUJL ^P[O [OL -PUHUJL (J[ ÔPJO ^HZ NHaL[[LK VU +LJLTILY JVTWHUPLZ ZOHSS
UV[ IL LU[P[SLK [V KLK\J[ [H_ VU KP]PKLUKZ WHPK JYLKP[LK VY KPZ[YPI\[LK [V P[Z ZOHYLOVSKLYZ HUK Z\JO
KP]PKLUKZ ^PSS IL L_LTW[LK MYVT [H_ PU [OL OHUKZ VM [OL ZOHYLOVSKLYZ ¸ZPUNSL [PLY Z`Z[LT¹ /V^L]LY
[OLYL PZ H [YHUZP[PVUHS WLYPVK VM ZP_ `LHYZ L_WPYPUN VU +LJLTILY [V HSSV^ JVTWHUPLZ [V WH`
MYHURLKKP]PKLUKZ[V[OLPYZOHYLOVSKLYZ\UKLYSPTP[LKJPYJ\TZ[HUJLZ*VTWHUPLZHSZVOH]LHUPYYL]VJHISL
VW[PVU[VKPZYLNHYK[OLZLJ[PVUIHSHUJLVM[OL0UJVTL;H_(J[ HUKVW[[VWH`KP]PKLUKZ\UKLY
[OLZPUNSL[PLYZ`Z[LT;OLJOHUNLPU[OL[H_SLNPZSH[PVUHSZVWYV]PKLZMVY[OLZLJ[PVUIHSHUJL[VIL
SVJRLKPUHZH[+LJLTILYPUHJJVYKHUJL^P[O:LJ[PVU VM[OL-PUHUJL(J[ ;OL )HUR KPK UV[ LSLJ[ MVY [OL PYYL]VJHISL VW[PVU [V KPZYLNHYK [OL ZLJ[PVU IHSHUJL (JJVYKPUNS`
K\YPUN[OL[YHUZP[PVUHSWLYPVK[OL)HURTH`\[PSPZL[OLJYLKP[PU[OLZLJ[PVUIHSHUJL[VKPZ[YPI\[LJHZO
KP]PKLUKWH`TLU[Z[VVYKPUHY`ZOHYLOVSKLYZHZKLÄULK\UKLY[OL-PUHUJL(J[(ZH[+LJLTILY
[OL*VTWHUÒHZZ\ѝJPLU[JYLKP[PU[OLZLJ[PVUIHSHUJL[VWH`MYHURLKKP]PKLUKZV\[VMP[Z
LU[PYLYL[HPULKLHYUPUNZ(U`ZLJ[PVUIHSHUJLÔPJOOHZUV[ILLU\[PSPZLKHZH[+LJLTILY
PZKPZYLNHYKLK;OLYLHM[LY[OL)HURTH`KPZ[YPI\[LKP]PKLUKZV\[VMP[ZLU[PYLYL[HPULKLHYUPUNZ\UKLY[OL
ZPUNSL[PLYZ`Z[LT
177
31. COMMITMENTS AND CONTINGENCIES
Guarantee:
.\HYHU[LLSL[[LYZPZZ\LK[V[OL
J\Z[VTLYZVM[OL)HUR
Capital commitment
(WWYV]LKHUKJVU[YHJ[LKMVY!
*HWP[HSL_WLUKP[\YL
*VTTP[TLU[VUSVHUZÄUHUJPUNHUKHK]HUJLZ
(WWYV]LKI\[UV[JVU[YHJ[LKMVY!
*HWP[HSL_WLUKP[\YL
*VTTP[TLU[VUSVHUZÄUHUJPUNHUKHK]HUJLZ
Contingent liabilities
*LY[HPUSLNHSHJ[PVUZ[HRLUHNHPUZ[[OL)HUR
^P[OJVTWLUZH[PVUJSHPTZ
178
31 December
2013
RM’000
31 December
2012
RM’000
11,670
15,535
252,722
401,725
12,778
77,763
265,500
479,488
660,275
858,955
31. COMMITMENTS AND CONTINGENCIES (cont’d)
(Z\TTHY`VM[OLZ[H[\ZVMTH[LYPHSSLNHSHJ[PVUZHNHPUZ[[OL)HURHYLHZMVSSV^Z! Case 1
;OL)HURÄSLKHJSHPTHNHPUZ[HJ\Z[VTLY[VYLJV]LYV\[Z[HUKPUNÄUHUJPUNWYV]PKLK[V[OLJ\Z[VTLYVM
HWWYV_PTH[LS`94TPSSPVU;OLJ\Z[VTLYJV\U[LYZ\LK[OL)HURMVY94TPSSPVUVU[OLWYLTPZL[OH[
[OLJ\Z[VTLYZ\ќLYLKSVZZLZK\L[V[OL)HUR»ZMHPS\YL[VYLSLHZL[OLM\UKZ[V[OLJ\Z[VTLY»ZHѝSPH[LK
JVTWHU` ÔLU H SL[[LY VM VќLY OHZ HSYLHK` ILLU WYV]PKLK I` [OL )HUR ;OL HѝSPH[LK JVTWHU` ^HZ
WSHUUPUN[V\ZL[OLM\UKZMYVT[OL)HURMVYP[ZWYVQLJ[ÔPJOPZPU[LNYH[LK^P[O[OLWYVQLJ[WSHUULKI`[OL
J\Z[VTLY+\L[V[OLMHPS\YLVM[OL)HUR[VYLSLHZL[OLZHPKM\UKZIV[OWYVQLJ[Z^LYLZ[HSSLKHUKSVZZLZ
Z\ќLYLKI`[OLJ\Z[VTLYHUKP[ZHѝSPH[LKJVTWHU` ;OL HѝSPH[LK JVTWHU` VM [OL J\Z[VTLY [VVR JP]PS HJ[PVU HNHPUZ[ [OL )HUR ÔPJO ^HZ Z\IZLX\LU[S`
KPZTPZZLKI`[OL/PNO*V\Y[VU(WYPS;OLKLJPZPVUVM[OL/PNO*V\Y[^HZ\WOLSKI`[OL*V\Y[
VM(WWLHSVU+LJLTILY;OLJ\YYLU[JHZL^HZZL[MVY[YPHSH[[OL/PNO*V\Y[VU4HYJO
HUK[OL[YPHS^PSSJVU[PU\LVUHUK4H`
;OL)HUR»ZZVSPJP[VYZHYLVM[OL]PL^[OH[[OL)HUROHZHUL]LUJOHUJLVMZ\JJLLKPUNPULZ[HISPZOPUNP[Z
KLMLUJL[V[OLJV\U[LYJSHPT
Case 2
;OLIVYYV^LYÄSLKHSLNHSHJ[PVUHNHPUZ[[OL)HURZLLRPUNJVTWLUZH[PVUMVYKHTHNLZZ\ќLYLKYLZ\S[PUN
MYVT[OL)HURYLZJPUKPUN[OLSVHUMHJPSP[`WYL]PV\ZS`HWWYV]LK;OL)HURÄSLKHJV\U[LYJSHPTHNHPUZ[[OL
IVYYV^LY[VYLJV]LYV\[Z[HUKPUNSVHUZVMHWWYV_PTH[LS`94 TPSSPVU6U:LW[LTILY[OL/PNO
*V\Y[NYHU[LKQ\KNTLU[PUMH]V\YVM[OLIVYYV^LYMVY[OLZ\TVM94TPSSPVUHUKKPZTPZZLK[OL)HUR»Z
JV\U[LYJSHPT/V^L]LYVU:LW[LTILY[OL*V\Y[VM(WWLHSOHKZL[HZPKL[OLKHTHNLZNYHU[LK
HNHPUZ[[OL)HURHUKVYKLYLK[OH[[OLKHTHNLZILYLHZZLZZLKI`[OL:LUPVY(ZZPZ[HUJL9LNPZ[LYVM[OL
/PNO*V\Y[;OL*V\Y[VM(WWLHSM\Y[OLYHSSV^LK[OL)HUR»ZJV\U[LYJSHPT;OL)HUR»ZHWWSPJH[PVUMVYSLH]L
[VHWWLHS[V[OL-LKLYHS*V\Y[VU[OLPZZ\LVMSPHIPSP[`^HZHSSV^LKVU1HU\HY`
;OL)HUR»ZZVSPJP[VYZHYLVM[OL]PL^[OH[[OL)HUROHZHUL]LUJOHUJLVMZ\JJLLKPUNPU[OLHWWLHSH[[OL
-LKLYHS*V\Y[
179
31. COMMITMENTS AND CONTINGENCIES (cont’d)
(Z\TTHY`VM[OLZ[H[\ZVMTH[LYPHSSLNHSHJ[PVUZHNHPUZ[[OL)HURHYLHZMVSSV^Z!JVU[»K
Case 3
;OLJ\Z[VTLYOHZÄSLKHSLNHSHJ[PVUHNHPUZ[[OL)HURZLLRPUNKHTHNLZPUSPL\VMZWLJPÄJWLYMVYTHUJL
MYVT[OL)HURVU[OLNYV\UKZ[OH[[OL)HUROHZIYLHJOLKP[ZWYVTPZL[VNYHU[H[LYTSVHUVM94
TPSSPVU;OLJ\Z[VTLYPZJSHPTPUN[OH[HJVU[YHJ[L_PZ[LKIHZLKVU[OL3L[[LYVM6ќLYHUK(JJLW[HUJL
¸36(¹ PZZ\LK I` [OL )HUR KH[LK 1\S` :\IZLX\LU[ [V [OL 36( [OL J\Z[VTLY JOHUNLK P[Z
PU[LU[PVUMVY[OL\[PSPZH[PVUVM[OLSVHUPL[V\[PSPZL[OLMHJPSP[`[VYLKLLTP[ZKLI[VISPNH[PVUZ^P[OV[OLY
WHY[PLZÔPJO[OL)HURKLLTLKHZTH[LYPHSHK]LYZLJOHUNL[V[OL[LYTZVM[OL36(OLUJL[OLYLM\ZHS[V
KPZI\YZL[OLM\UKZ
;OL[YPHSVM[OLJHZLWYVJLLKLKVU-LIY\HY`^P[O[OLJVU[PU\H[PVUVM[OL[YPHSÄ_LKVU4HYJO
(WYPS(WYPSHUK(WYPS ;OL)HUR»ZZVSPJP[VYZHYLVM[OL]PL^[OH[[OL)HUROHZHUL]LUJOHUJLVMZ\JJLLKPUNPUKLMLUKPUN[OL
JSHPT 32. RELATED PARTY DISCLOSURES
180
a)
Parent entity
;OL)HURPZH.V]LYUTLU[3PURLK*VYWVYH[PVU^P[OHSSZOHYLZOLSKI`[OL4PUPZ[Y`VM-PUHUJL
0UJVYWVYH[LKVUILOHSMVM[OL.V]LYUTLU[VM4HSH`ZPH(SSLU[P[PLZJVU[YVSSLKI`[OL.V]LYUTLU[VM
4HSH`ZPHTLL[[OLKLÄUP[PVUVMYLSH[LKWHY[PLZVM[OL)HUR b)
Key management personnel compensation
2L`THUHNLTLU[WLYZVUULSHYL[OVZLWLYZVUZOH]PUNH\[OVYP[`HUKYLZWVUZPIPSP[`MVYWSHUUPUNKPYLJ[PUN
HUKJVU[YVSSPUN[OLHJ[P]P[PLZVM[OL)HURKPYLJ[S`VYPUKPYLJ[S`PUJS\KPUNHU`KPYLJ[VYÔL[OLYL_LJ\[P]L
VYV[OLY^PZLVM[OLIHUR9LT\ULYH[PVUWHPK[VRL`THUHNLTLU[WLYZVUULSVM[OL)HURPUJS\KLZ[OL
MVSSV^PUN! Agrobank Annual Report 2013
32. RELATED PARTY DISCLOSURES (cont’d)
b)
Key management personnel compensation (cont’d)
P :OVY[[LYTLTWSV`LLILULÄ[ZPUJS\KLZHSHYPLZHUKHSSV^HUJLZ
PP 7VZ[LTWSV`TLU[ILULÄ[ZPUJS\KL,TWSV`LL7YV]PKLU[-\UKº»,7-»»JVU[YPI\[PVUZ Key management personnel
,_LJ\[P]LKPYLJ[VY
5VUL_LJ\[P]LKPYLJ[VYZ
:LUPVYTHUHNLTLU[
,_LJ\[P]LKPYLJ[VY
5VUL_LJ\[P]LKPYLJ[VYZ
:LUPVYTHUHNLTLU[ Short Term
2013
RM’000
Post
Employment
)LULÄ[
2013
RM’000
4,767
474
2012
RM’000
2012
RM’000
5,415
416
181
J ;YHUZHJ[PVUZ^P[ORL`THUHNLTLU[WLYZVUULS
;OLMVSSV^PUN[HISLWYV]PKLZ[OL[V[HSHTV\U[VM[YHUZHJ[PVUZÔPJOOH]LILLULU[LYLKPU[V^P[ORL`
THUHNLTLU[WLYZVUULSMVY[OLYLSL]HU[ÄUHUJPHS`LHY
+LWVZP[
5VSVHUZOH]LILLUNYHU[LK[V[OLKPYLJ[VYZVM[OL)HUR
31 December
2013
RM’000
31 December
2012
RM’000
10
9
K ;YHUZHJ[PVUZ^P[OYLSH[LKWHY[PLZ
182
Notes
2013
RM’000
2012
RM’000
Restated
(i)
(ii)
(iii)
Income
.HWWPUN
4HUHNLTLU[MLLZ
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0U[LYLZ[WYVÄ[PUJVTLVUKLWVZP[Z
WSHJLK^P[ONV]LYUTLU[SPURLKLU[P[PLZ
,_WLUZL
0U[LYLZ[WYVÄ[L_WLUZLVUKLWVZP[ZWSHJLKI`
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0U[LYLZ[WYVÄ[L_WLUZLVUSVHUZJOLTLM\UK
WHPKHUKWH`HISL[V[OL4PUPZ[Y`VM-PUHUJLHUK)54
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:VJPHS:LJ\YP[`6YNHUPZH[PVUº»:6*:6»»
*VTWLUZH[PVUWHPK[VHZ[H[LSPURLKHNLUJ`
K ;YHUZHJ[PVUZ^P[OYLSH[LKWHY[PLZJVU[»K
+LZJYPW[PVUMVYPUJVTL^P[OYLSH[LKWHY[PLZHYLHZMVSSV^Z!
(i) 0UJVTLMYVT4PUPZ[Y`VM-PUHUJL0UJVYWVYH[LKMVY[OLPU[LYLZ[KPќLYLU[PHSIL[^LLUTHYRL[YH[LHUK
Z\IZPKPZLKYH[LVUSVHUZKPZI\YZLKI`[OL)HURH[Z\IZPKPZLKYH[L
(ii) -LLZLHYULKMVYTHUHNPUNVMNV]LYUTLU[M\UKZMVYSVHUKPZI\YZLTLU[WHPKI`4PUPZ[Y`VM
(NYPJ\S[\YLHUK4PUPZ[Y`VM-PUHUJL (iii) *VTTPZZPVULHYULKHZIPSSZJVSSLJ[PVUHNLU[MYVT.V]LYUTLU[VM4HSH`ZPHJVU[YVSSLKLU[P[PLZ L 6\[Z[HUKPUNIHSHUJLZHYPZPUNMYVT[YHUZHJ[PVUZ^P[OYLSH[LKWHY[PLZ
(TV\U[V^LK[V
by related parties
31 December
2013
RM’000
31 December
2012
RM’000
Restated
.V]LYUTLU[.YHU[Z-\UKZ
3VHUZJOLTLM\UK
-VYLPNUL_JOHUNLYLJLP]HISLMYVT4PUPZ[Y`VM-PUHUJL
3VHU[VYLSH[LKWHY[PLZ
+LWVZP[WSHJLTLU[^P[OYLSH[LKWHY[PLZ
+LWVZP[MYVTYLSH[LKLU[P[PLZ
M
;LYTZHUKJVUKP[PVUZ
;YHUZHJ[PVUZ^P[OYLSH[LKWHY[PLZ^LYLTHKLVU[LYTZLX\P]HSLU[[V[OVZL[OH[WYL]HPSPUHYT»ZSLUN[O
[YHUZHJ[PVUZ
183
33. FINANCIAL INSTRUMENTS
A.
FINANCIAL RISK MANAGEMENT
(a) General risk management
P 0U[YVK\J[PVUHUKV]LY]PL^
184
;OL)HURLTIYHJLZYPZRTHUHNLTLU[HZHUPU[LNYHSJVTWVULU[VMP[ZI\ZPULZZVWLYH[PVUZHUK
KLJPZPVUTHRPUNWYVJLZZ[VLUZ\YL[OH[VW[PT\TYL[\YUZHYLNLULYH[LK^P[OOPNOYLNHYK[V
\UJLY[HPU[PLZPU[OLI\ZPULZZHUKTHYRL[LU]PYVUTLU[;OLYPZRTHUHNLTLU[LUJVTWHZZLZ
L]LY`HZWLJ[VM[OLIHUR»ZI\ZPULZZHUKVWLYH[PVUZHZLHYS`HZWYVK\J[KL]LSVWTLU[Z[HNLI`
WYV]PKPUNPUKLWLUKLU[PUW\[ZHUKYLSL]HU[]HS\H[PVUZJYLKP[L]HS\H[PVUHUKYL]PL^[YLHZ\Y`YLSH[LK
WVY[MVSPVHZZLZZTLU[HUKYL]PL^ZPT\SH[PVUHUKYL]PL^VUI\ZPULZZJVU[PU\P[`HUKKPZHZ[LYYLJV]LY`
L[J;OLPUW\[ZWYV]PKLKLUHISLZWYVK\J[KL]LSVWTLU[[LHTHUKV[OLYI\ZPULZZ\UP[Z[VHZZLZZ
[OLYPZRYL[\YUVM[OLPYWYVWVZP[PVUZHUK[O\ZLUHISLZYPZRZHYLWYVWLYS`WYPJLKPUYLSH[PVU[VYL[\YU
;OL)HUROHZL_WVZ\YL[V[OLMVSSV^PUNYPZRZMYVTÄUHUJPHSPUZ[Y\TLU[Z!

(ii)
Risk management objectives
;OL)HUR»ZYPZRTHUHNLTLU[HJ[P]P[PLZOH]L[OLMVSSV^PUNHPTZ!

*YLKP[YPZR
3PX\PKP[`YPZR
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*YLH[LHUKLUOHUJLZOHYLOVSKLYZ»]HS\LI`WY\KLU[HUKYVI\Z[TL[OVKVSVNPLZHUKWVSPJPLZ
33. FINANCIAL INSTRUMENTS (cont’d.)
A.
FINANCIAL RISK MANAGEMENT (cont’d)
(a) General risk management (cont’d)
PPP 9PZRTHUHNLTLU[MYHTL^VYRJVU[»K
;OL)VHYKVM+PYLJ[VYZ¸;OL)VHYK¹PZYLZWVUZPISLMVY[OLLZ[HISPZOTLU[HUV]LYZPNO[VM[OL)HUR»Z
YPZRTHUHNLTLU[MYHTL^VYR;OL)VHYKOHKLZ[HISPZOLK[OL9PZR4HUHNLTLU[*VTTP[[LLZH[ZLUPVY
THUHNLTLU[HUK)VHYKSL]LS[VTVUP[VYL]HS\H[LZ[YH[LNPZLHUKKLSPILYH[LYPZRTHUHNLTLU[HJ[P]P[PLZ
^P[OPUYLZWLJ[P]LHYLHZ
;OL)HUROHZ[OLIYVHKYPZRTHUHNLTLU[MYHTL^VYR¸)94-¹[OH[LUJVTWHZZLZJYLKP[THYRL[HUK
SPX\PKP[`VWLYH[PVUHSHUK:OHYPHOYPZRZHZWHY[VMP[ZYPZRNV]LYUHUJL;OLVIQLJ[P]LZVM[OL)94-HYL
HZMVSSV^Z! ,UZ\YL[OH[HSSYPZRZMHJLKI`[OL)HURHYLPKLU[PÄLKTVUP[VYLKHUKHKLX\H[LS`THUHNLK"
7YV]PKL[OL4HUHNLTLU[HUK[OL)VHYK^P[OHIHUR^PKL]PL^VM[OL)HUR»ZYPZRZHUK[OLPYSPRLS`
PTWHJ[LUHISPUN[OL)HUR[V[HRLZ[YH[LNPJHJ[PVUZ[VH]VPKVYV[OLY^PZLTP[PNH[LWV[LU[PHSSVZZLZ"
7YV]PKL4HUHNLTLU[HUK[OL)VHYK^P[OIHUR^PKL]PL^VMPU[LYYLSH[PVUZOPWZIL[^LLUYPZRZHUK
[OLTHUULYPU^OPJOYLK\JPUNVULYPZRL_WVZ\YLTH`PUJYLHZLPTWHJ[HUV[OLY"
7YV]PKLHUL_WSPJP[SPURIL[^LLUYPZRHUKYL[\YU[OYV\NOHUPU[LNYH[LK]PL^VMYPZRL_WVZ\YLZHUK
JVTTVUTLHZ\YLZ[VJVTT\UPJH[LHUKTLHZ\YL[OLTHNUP[\KLVML_WVZ\YLZVM[OL]HY`PUNYPZR
[`WLZ" 7YV]PKLHTLHUZVMWYPVYP[PZPUN[OLT`YPHKVMYPZRZHUK[OLJVYYLZWVUKPUNTP[PNH[PUNJVU[YVS
PUP[PH[P]LZ
185
33. FINANCIAL INSTRUMENTS (cont’d)
A.
(a) General risk management (cont’d)
P] 9PZRNV]LYUHUJLMYHTL^VYR ;OL\S[PTH[LYLZWVUZPIPSP[`PUTHUHNPUNYPZRZSPLZ^P[O[OL)VHYK;OPZZOHSSPUJS\KLYLZWVUZPIPSP[`[V
LUZ\YL[OH[YPZRTHUHNLTLU[MYHTL^VYRZHUKWVSPJPLZHYLLZ[HISPZOLKMVY[OL]HYPV\ZJH[LNVYPLZVM
YPZR;OL)VHYKJHYYPLZV\[P[ZK\[PLZI`[OLLZ[HISPZOTLU[VMHWWYVWYPH[LJVTTP[[LLZHZILSV^MVY
[OLV]LYZPNO[VMYPZRTHUHNLTLU[WYVJLZZLZ

([ZLUPVYTHUHNLTLU[SL]LS[OLMVSSV^PUNJVTTP[[LLZOHKILLULZ[HISPZOLK[VV]LYZPNO[YPZR
THUHNLTLU[HJ[P]P[PLZHUKYPZRL_WVZ\YLZ
4HUHNLTLU[9PZR*VTTP[[LL¸49*¹
(ZZL[3PHIPSP[`*VTTP[[LL¸(3*6¹ 4HUHNLTLU[(\KP[*VTTP[[LL¸4(*¹
)VHYK9PZR4HUHNLTLU[*VTTP[[LL¸)94*¹
)VHYK*YLKP[*VTTP[[LL¸)**¹
)VHYK0U]LZ[TLU[*VTTP[[LL¸)0=*¹
)VHYK0;*VTTP[[LL¸)0;*¹
)VHYK(\KP[*VTTP[[LL¸)(*¹
(b) Credit risk
P 5H[\YLVMJYLKP[YPZR 186
;OL)HUR»ZL_WVZ\YL[VJYLKP[YPZRPZWYPTHYPS`MYVTSLUKPUNÄUHUJPUNHJ[P]P[PLZ[VYL[HPSJVUZ\TLYZ
TPJYVZTHSSHUKTLKP\TZPaLKLU[LYWYPZLZº»:4,Z»»HUKJVYWVYH[LJ\Z[VTLYZ3LUKPUNHJ[P]P[PLZ
HYLN\PKLKI`PU[LYUHSJYLKP[WVSPJPLZHUKN\PKLSPULZ,]HS\H[PVU[LTWSH[LZOH]LILLUPU[YVK\JLKHUK
JVU[PU\V\ZLUOHUJLTLU[OHZILLUTHKL[VJYLKP[L]HS\H[PVUHUKHWWYV]PUNWYVJLZZLZMVYLHJO
J\Z[VTLY[`WLZ[VLUZ\YLHJJV\U[HIPSP[`HUKYLZWVUZPIPSP[`0U]LZ[TLU[PULX\P[PLZIVUKZHUKV[OLY
THYRL[HISLZLJ\YP[PLZÄUHUJPHSPUZ[Y\TLU[Z[YHKPUNHUKV[OLYIHURPUNHJ[P]P[PLZÔL[OLYP[PZJSHZZPÄLK
HZIHURPUNIVVRVY[YHKPUNIVVRTH`HSZVL_WVZL[OL)HUR[VJYLKP[YPZRHUKJV\U[LYWHY[`JYLKP[YPZR
A.
(b) Credit risk (cont’d)
PP +LÄUP[PVUVMJYLKP[YPZR
*YLKP[YPZRPZ[OLYPZRVMWV[LU[PHSSVZZK\L[VMHPS\YLVMVY\U^PSSPUNULZZVM[OLJ\Z[VTLYZVYJV\U[LYWHY[PLZ
[VM\SÄS[OLPYJVU[YHJ[\HSÄUHUJPHSVISPNH[PVUZHZHUKÔLU[OL`HYPZL
PPP 6IQLJ[P]LVMJYLKP[YPZRTHUHNLTLU[
;OLNVHSVMJYLKP[YPZRTHUHNLTLU[PZ[VRLLWJYLKP[YPZRL_WVZ\YL[VHUHJJLW[HISLSL]LSHUK[V
LUZ\YL[OLYL[\YUZHYLJVTTLUZ\YH[L^P[OYPZR
P] 4HUHNLTLU[VMJYLKP[YPZR
;OLTHUHNLTLU[VMJYLKP[YPZRPZNV]LYULKI`[OLJYLKP[YPZRTHUHNLTLU[MYHTL^VYRÔPJOZL[ZV\[
[OL YPZR THUHNLTLU[ NV]LYUHUJL HUK PUMYHZ[Y\J[\YL YPZR THUHNLTLU[ WYVJLZZLZ HUK JVU[YVS
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WYVK\J[ZJVTWS`^P[OHWWYVWYPH[LWVSPJPLZHUKN\PKLSPULZHUK[HRPUNPU[VJVUZPKLYH[PVUWV[LU[PHSYPZR
L_WVZ\YLZWYPVY[V[OLPU[YVK\J[PVUVM[OLWYVK\J[
;OL)HUR»ZJYLKP[YPZRTHUHNLTLU[MYHTL^VYRHKKYLZZLZ[OLMVSSV^PUNHYLHZ!
4HUHNLTLU[ HUK X\HSP[` VM SVHUÄUHUJPUN HZZL[Z PUJS\KPUN [OL JYLKP[ WVSPJPLZ HUK N\PKLSPULZ
JYLKP[HWWYV]HSJYLKP[YPZRTLHZ\YLTLU[HUKJVTWL[LUJ`VMJYLKP[WLYZVUULS
3VHU WYLZLY]H[PVU ÔPJO JV]LYZ JYLKP[ YL]PL^ WYVJLZZ LHYS` KL[LJ[PVU HUK THUHNLTLU[ VM
]\SULYHISLJYLKP[ZHUKYLJV]LY`
*YLKP[JVUJLU[YH[PVUWVSPJ`MVYLќLJ[P]LWVY[MVSPVTHUHNLTLU[
187
A.
P] 4HUHNLTLU[VMJYLKP[YPZRJVU[»K
7VSPJPLZWYVJLK\YLZHUKN\PKLSPULZMVYJYLKP[VWLYH[PVUZHYLKVJ\TLU[LKHUKHYLTHKLH]HPSHISL
[OYV\NO[OL)HUR»ZPU[YHUL[WVY[HS;OLZLWVSPJPLZHUKWYVJLK\YLZHYLZ\IQLJ[[VYL]PL^HUKLUOHUJLTLU[
WLYPVKPJHSS`[VLUZ\YL[VLUZ\YLP[ZYLSL]HUJ`HUKPUSPUL^P[OI\ZPULZZKPYLJ[PVUZHUKLU]PYVUTLU[
;OL4HUHNLTLU[9PZR*VTTP[[LLº»49*»»Z\WWVY[Z[OL)VHYK9PZR4HUHNLTLU[*VTTP[[LL
º»)94*»»PUJYLKP[YPZRTHUHNLTLU[V]LYZPNO[;OL49*YL]PL^Z[OL)HUR»ZJYLKP[YPZRTHUHNLTLU[
MYHTL^VYRHUKWVSPJPLZHSPNULKJYLKP[YPZRTHUHNLTLU[^P[OI\ZPULZZZ[YH[LNPLZHUKWSHUUPUN
TVUP[VYPUNJYLKP[WYVÄSLHUKWVY[MVSPVZHUKYLJVTTLUKULJLZZHY`HJ[PVUZ[VLUZ\YL[OH[JYLKP[YPZRZ
YLTHPU^P[OPU[VSLYHUJLSL]LS ] 4LHZ\YLTLU[VMJYLKP[YPZR *YLKP[YPZRJVUJLU[YH[PVUPUSVHUZÄUHUJPUNHUKHK]HUJLZ
*VUJLU[YH[PVUZVMJYLKP[YPZRHYLTVUP[VYLKI`LJVUVTPJHJ[P]P[PLZ\UKLY[OLHNYPJ\S[\YLZ\IZLJ[VYZ
;OL[HISLILSV^ZL[V\[[OLIYLHRKVÛVMJYLKP[L_WVZ\YLI`HNYPJ\S[\YLZ\IZLJ[VYHZMVSSV^Z!
Sector:
Support
Crops
3P]LZ[VJR
-PZOLY`
-VYLZ[Y`
6[OLYHNYPJ\S[\YHSIHZLKWYVJLZZPUN 188
2013
RM’000
2012
RM’000
Restated
6,393,333
6,493,123
A.
] 4LHZ\YLTLU[VMJYLKP[YPZRJVU[»K *VSSH[LYHSWVZP[PVUPUSVHUZÄUHUJPUNHUKHK]HUJLZ
*YLKP[MHJPSP[PLZHYLNYHU[LKVU[OLIHZPZVM[OLJ\Z[VTLY»ZJYLKP[Z[HUKPUNWYVQLJ[]PHIPSP[`HUK
YLWH`TLU[JHWHJP[`HZWLY[OL)HUR»ZJYLKP[WVSPJ`/V^L]LYK\L[V[OLUH[\YLVMP[ZÄUHUJPUN[OL
)HURNLULYHSS`YLX\PYLZJVSSH[LYHSHNHPUZ[SVHUZÄUHUJPUNHUKHK]HUJLZ[VJ\Z[VTLYZPU[OLMVYTVM
JOHYNLZV]LYWYVWLY[`V[OLYYLNPZ[LYLKZLJ\YP[PLZV]LYHZZL[ZHUKN\HYHU[LLZ,Z[PTH[LZVMMHPY]HS\L
HYLIHZLKVU[OL]HS\LVMJVSSH[LYHSHZZLZZLKH[[OL[PTLVMIVYYV^PUNHUKPZYL]HS\LKVUJLPU[^V
`LHYZVYÔLUHSVHUÄUHUJPUNPZPTWHPYLK
;OLTHPU[`WLZVMJVSSH[LYHSOLSKI`[OL)HUR[VTP[PNH[LJYLKP[YPZRHYLHZMVSSV^Z!
P 7YVQLJ[3VHUZÄUHUJPUN¶JOHYNLZV]LYSHUKI\PSKPUNZWSHU[HUKTHJOPULY`ÄZOPUN]LZZLSZ
VÛLYZOPWJSHPTV]LY]LOPJSLZÄ_LKKLWVZP[ZHUKWSLKNLZV]LYZOHYLZHUKTHYRL[HISLZLJ\YP[PLZ
PP 9L[HPSSVHUZ¶JOHYNLZV]LYSHUKHUKÄ_LKKLWVZP[ZMVYJLY[HPU[`WLZVMSVHU
189
A.
] 4LHZ\YLTLU[VMJYLKP[YPZRJVU[»K *VSSH[LYHSWVZP[PVUPUSVHUZÄUHUJPUNHUKHK]HUJLZJVU[»K
;OL[HISLILSV^ZL[V\[[OLJVSSH[LYHSWVZP[PVUVML_WVZ\YLI`Z[H[\ZVMYLWH`TLU[!
2013
Current
0TWHPYLK
2012 (restated)
Current
0TWHPYLK
190
Secured
RM’000
Unsecured
RM’000
Total
RM’000
Financial
LɈLJ[VM
collateral*
%
2,882,578
3,510,755
6,393,333
95.5
3,405,503
3,087,620
6,493,123
67.1
)HZLKVUX\HU[PÄJH[PVUVM[OLL_[LU[[VÔPJOJVSSH[LYHSHUKV[OLYJYLKP[LUOHUJLTLU[ZTP[PNH[L JYLKP[YPZR Agrobank Annual Report 2013
A.
*YLKP[X\HSP[`VMNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZ Impaired loans
;OLIYLHRKVÛVM[OLNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZPUKP]PK\HSS`HZZLZZLKHZPTWHPYLKI`
ZLJ[VYZHUK[OLMHPY]HS\LVMYLSH[LKJVSSH[LYHSOLSKI`)HURHZZLJ\YP[`HYLHZMVSSV^Z! Gross
individually
impaired
loans
RM’000
Individual
impairment
HSSV^HUJL
RM’000
Financial
LɈLJ[VM
collateral*
%
321,638
237,264
28.1
2013
Sectors:
Crops
-PZOLY`
=HS\LHKKLK
-VYLZ[Y`
3P]LZ[VJR
Support
191
A.
*VSSH[LYHSWVZP[PVUPUSVHUZÄUHUJPUNHUKHK]HUJLZJVU[»K
*YLKP[X\HSP[`VMNYVZZSVHUZÄUHUJPUNHUKHK]HUJLZJVU[»K
Impaired loans (cont’d)
Gross
individually
impaired
loans
RM’000
Individual
impairment
HSSV^HUJL
RM’000
Financial
LɈLJ[VM
collateral*
%
313,321
207,777
35.6
2012
6HFWRUV
Crops
-PZOLY`
=HS\LHKKLK
-VYLZ[Y`
3P]LZ[VJR
Support
192
A.
;OLIYLHRKVÛVMJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLMVYSVHUZÄUHUJPUNHUKHK]HUJLZI`ZLJ[VYZHYL
HZMVSSV^Z!
2012
2013
RM’000
RM’000
Sectors:
Crops
-PZOLY`
=HS\LHKKLK
-VYLZ[Y`
3P]LZ[VJR
4PJYV*YLKP[4<:;
Support
:\WWVY[(Y9HOU\
:\WWVY[(NYVJHZO
-\UKMVY4PUPZ[Y`VM@V\[OHUK:WVY[Z¸+2):¹
,U[YLWYLUL\Y:JOLTLMVY.YHK\H[LZ¸:<;2:¹
52,(
4PJYV,:7
300,382
408,770
193
A.
2012
RM’000
5,533
8,928
305,915
417,698
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJLMVYM\SS`ZLJ\YLKSVHUZÄUHUJPUN
2013
RM’000
Sectors:
Crops
-PZOLY`
=HS\LHKKLK
-VYLZ[Y`
3P]LZ[VJR
Support
Credit risk in investment activities
;OLJYLKP[YPZRTHUHNLTLU[HWWYVHJOMVYPU]LZ[TLU[HJ[P]P[PLZPZWYPTHYPS`KLSPILYH[LKH[[OL)VHYK
0U]LZ[TLU[*VTTP[[LL¸)0=*¹0U[OLJHZLVMPU]LZ[TLU[WVY[MVSPV[OLZL[[PUNVMJYLKP[SPTP[ZPZKVUL
HUKYLN\SHYS`YL]PL^LKI`4HYRL[9PZR4HUHNLTLU[+LWHY[TLU[¸494+¹HZ[OLTPKKSLVѝJLMVY
[YLHZ\Y`VWLYH[PVUZ=HYPV\ZJYLKP[SPTP[ZVUPU]LZ[TLU[L_WVZ\YLZHYLWYVWVZLK[V[OL4HUHNLTLU[
9PZR*VTTP[[LL¸49*¹MVYLUKVYZLTLU[HUKLZJHSH[LK[V)94*VY)VHYKMVYHWWYV]HS9LWVY[
VUJVTWSPHUJLVM]HYPV\ZPU]LZ[TLU[L_WVZ\YLSPTP[ZHYLKVULI`494+ÔPJOPZWYLZLU[LKHUK
KLSPILYH[LKH[(ZZL[3PHIPSP[`*VTTP[[LL¸(3*6¹VUTVU[OSÌHZPZ
194
A.
Credit risk in investment activities (cont’d)
;OL)HUR»ZPU]LZ[TLU[WVSPJ`Z[PW\SH[LZ[OLTPUPT\TPU]LZ[TLU[NYHKLMVYKLI[ZLJ\YP[PLZ[`WLZ
VMWLYTPZZPISL[YHUZHJ[PVUZL_WVZ\YLSPTP[ZMVYZPUNSLJ\Z[VTLYJV\U[LYWHY[`JYLKP[YH[PUN
PUK\Z[Y`ZLJ[VYHUKYPZRSL]LSOPNOTLKP\TSV^0UHKKP[PVU[OL)HUROHZHSZVZL[PU[LYIHUR
SPTP[ZMVYWSHJLTLU[ZÔPJOHYLYL]PL^LKVUYLN\SHYIHZPZ[VTP[PNH[LJVUJLU[YH[PVUSPTP[ZPUP[Z
investment portfolio.
0U]LZ[TLU[WVY[MVSPVJVUJLU[YH[PVU
;OLWVY[MVSPVWYVÄSLPZHZMVSSV^Z!
RM’000
Composition
(%)
*VYWVYH[LIVUKZ
*VTTLYJPHSWHWLYZ
4.:.00
,X\P[`ZLJ\YP[PLZ
Carrying amount at 31 December 2013
3,648,054
100
*VYWVYH[LIVUKZ
*VTTLYJPHSWHWLYZ
4.:.00
,X\P[`ZLJ\YP[PLZ
Carrying amount at 31 December 2012
3,459,062
100
195
A.
*YLKP[X\HSP[`VMPU]LZ[TLU[ZLJ\YP[PLZ
;OLMVSSV^PUN[HISLWYLZLU[Z[OL)HUR»ZL_WVZ\YL[VJYLKP[YPZRVMÄUHUJPHSPUZ[Y\TLU[ZHUHS`ZLK
I`YH[PUNZMYVTL_[LYUHSJYLKP[YH[PUNHNLUJPLZ!
AFS securities
Ratings
Corporate bonds
.V]LYUTLU[.\HYHU[LLK¸..¹
8\HZP.V][(((IN
(((((IN
(((IN
A
)))
TOTAL
196
2013
Non-money
market
instruments
RM’000
2012
Non-money
market
instruments
RM’000
2,283,604
1,763,986
A.
*YLKP[X\HSP[`VMPU]LZ[TLU[ZLJ\YP[PLZJVU[»K
;OLMVSSV^PUN[HISLWYLZLU[Z[OL)HUR»ZL_WVZ\YL[VJYLKP[YPZRVMÄUHUJPHSPUZ[Y\TLU[ZHUHS`ZLKI`YH[PUNZMYVT
L_[LYUHSJYLKP[YH[PUNHNLUJPLZ!
HTM securities
Ratings
2013
2012
Money market
instruments
Non-money
market
instruments
RM’000
Total
Money
market
instruments
Non-money
market
instruments
Total
RM’000
RM’000
RM’000
RM’000
RM’000
Corporate bonds
..
8\HZP.V][(((IN
(((((IN
(((IN
Commercial papers
74
TOTAL
19,901
32,978
52,879
9,955
42,368
52,323
197
A.
(c) Liquidity risk
P 5H[\YLVMSPX\PKP[`YPZR
3PX\PKP[`YPZRYLSH[LZ[V[OLHIPSP[`[VTHPU[HPUZ\MMPJPLU[SPX\PKHZZL[Z[VTLL[J\YYLU[HUKM\[\YL
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198
3PX\PKP[`YPZRPZKLÄULKHZ[OLPUHIPSP[`VM[OL)HUR[VTLL[[PTLS`WH`TLU[VUHU`VMP[ZÄUHUJPHS
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WHY[PJ\SHYWVZP[PVUH[VYULHY[OLWYL]PV\ZTHYRL[WYPJLILJH\ZLVMPUHKLX\H[LTHYRL[KLW[OVY
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HZWLJPÄJL]LU[VYZLYPLZVML]LU[Z Agrobank Annual Report 2013
A.
(c) Liquidity risk (cont’d)
PPP 4HUHNLTLU[VMSPX\PKP[`YPZR
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WVZP[PVUZ[Y\J[\YLHUKWSHJLZJVU[YVSZ^P[OPUWY\KLU[SPTP[ZHUKI\JRL[PUN[VTHUHNLYPZRZHYPZPUN
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TPZTH[JOLZPU[OLÄUHUJPHSWVZP[PVUZ[Y\J[\YLWHY[PJ\SHYS`PU[OLSLUKPUNHNHPUZ[M\UKPUNWVY[MVSPVVY
3VHU-PUHUJPUN+LWVZP[9H[PV¸3+9-+9¹PZYLWVY[LKTVU[OS`[V[OL(3*6;OL(3*6MVYT\SH[LZ
HUKKL[LYTPULZZ[YH[LNPLZ[VTPUPTPZL[OLTPZTH[JOIL[^LLUSLUKPUNHUKM\UKPUNHJ[P]P[PLZIL[^LLU
HZZL[ZHUKSPHIPSP[PLZIV[OMVY*VU]LU[PVUHSHUK0ZSHTPJIVVRZHZ^LSSHZ*VTTLYJPHSHUK*VUJLZZPVUHY`
IVVRZHUK[OL)HURHZHÔVSL
199
A.
PPP 4HUHNLTLU[VMSPX\PKP[`YPZRJVU[»K 3PX\PKP[`WVZP[PVUHYLTVUP[VYLKI`4HYRL[9PZR4HUHNLTLU[+LWHY[TLU[¸494+¹ÔPJO
YLWVY[[V*OPLM9PZR6ѝJLY¸*96¹;OLSPTP[MVYLHJOI\JRL[PZTVUP[VYLKKHPS`HUKHU`
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SLHZ[ VU TVU[OS` IHZPZ ;YLHZ\Y` +LWHY[TLU[ ¸;+¹ PZ YLZWVUZPISL [V THUHNL [OL KH` [V
KH` SPX\PKP[` YLX\PYLTLU[Z HUK M\UKPUN Z[YH[LN` ;+ PZ PU]VS]LK PU TVIPSPZPUN M\UKZ MYVT
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LHJOI\JRL[PUWHY[PJ\SHY^P[OPUHVUL`LHYIHUKPZJSVZLS`TVUP[VYLKHUKHUHS`ZLK[VLUZ\YL
[OH[[OL)HUROHZZ\ѝJPLU[JHZOHUKSPX\LÄHISLHZZL[Z[VTLL[JVU[YHJ[\HSHUKILOH]PV\YHS
TH[\YP[PLZJVTTP[TLU[ZHUK[VKL[LYTPUL[OLJH\ZLZHUK^H`Z[VPTWYV]L[OLNHWZ;OL
)HURTHPU[HPUZZ\ѝJPLU[SPX\PKHZZL[ZTPUPT\TVM[V[HSKLWVZP[[VTLL[JVU[YHJ[\HS
HUKILOH]PV\YHSTH[\YP[PLZHUKJVTTP[TLU[Z\W[VVUL^LLR[LU\YL-VY\W[VVULTVU[O
I\JRL[[OL)HURTHPU[HPUZSPX\PKHZZL[ZVMH[SLHZ[VM[V[HSKLWVZP[[VTLL[JVU[YHJ[\HS
HUKILOH]PV\YHSTH[\YP[PLZHUKJVTTP[TLU[ZÔLU[OL`MHSSK\L
200
A.
] *VU[PUNLUJ`M\UKPUNWSHU¸*-7¹
;OL )HUR OHZ H *VU[PUNLUJ` -\UKPUN 7SHU º»*-7»» PU WSHJL [V KLHS ^P[O SPX\PKP[` JYPZPZ
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THUHNPUNHU`SPX\PKP[`JYPZPZJH\ZLKI`[OL)HUR»ZZWLJPÄJYPZRHK]LYZLWVZP[PVUZHZ^LSS
HZ\UMH]V\YHISLTHYRL[KL]LSVWTLU[Z;OL)HURZL[ZV\[LHYS`^HYUPUNPUKPJH[VYZ[OYV\NO
]HYPV\Z[YPNNLYZJYPZPZLZJHSH[PVUWYVJLZZJYPZPZTHUHNLTLU[[LHTHUKM\UKPUNZ[YH[LNPLZ
[V TP[PNH[L SPX\PKP[` JYPZPZ ZP[\H[PVUZ ;OL *-7 PZ [LZ[LK HUK YL]PL^LK YLN\SHYS` [V \WKH[L
SH[LZ[WVZP[PVUHUKTH[[LYZPUYLSH[PVU[VSPX\PKP[`YPZRWYVÄSLZVM[OL)HUR
(vi) Stress testing on liquidity risk
(Z WHY[ VM SPX\PKP[` THUHNLTLU[ SPX\PKP[` YPZR L_WVZ\YLZ HYL HSZV TLHZ\YLK [OYV\NO
M\UKPUN JVUJLU[YH[PVU SVHUÄUHUJPUN KLWVZP[ YH[PVZ JHZO HUK SPX\PK HZZL[ YH[PV Z[YLZZ
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IHZLKVUKLWVZP[Y\UVќTHYRL[JYPZPZZOVJRJHWP[HSLYVZPVUHUKULNH[P]LW\ISPJP[`;OL
)HURLTWOHZPZLZVU[OLPTWVY[HUJLVMSV^JVZ[Z[HISLHUKYL[HPSKLWVZP[ZHZ[OLWYPTHY`
ZV\YJLVMM\UKZ[VÄUHUJLP[ZSLUKPUNHJ[P]P[PLZPUHKKP[PVUZ[VJVYWVYH[LHUKV[OLYOPNOJVZ[
KLWVZP[
201
A.
(c) Liquidity Risk (cont’d)
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LKKPZJV\U[LKJHZOÅV^Z!
Non1-5
ZWLJPÄJ
months
years
RM’000
RM’000
RM’000
>5 years maturity
RM’000 RM’000
RM’000
1-3
3-6
6 - 12
<1 month
months
months
RM’000
RM’000
2013
Total
Financial assets
Cash and short
[LYTM\UKZ
+LWVZP[Z^P[OÄUHUJPHS
2,509,873
194,550 10,867,806
institutions
3VHUÄUHUJPUNHUK
advances
Other assets
1,523,266
202
919,873
321,712
372,274
5,026,258
A.
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LKKPZJV\U[LKJHZOÅV^Z!JVU[»K
Non-
2013
ZWLJPÄJ
1-5
1-3
3-6
6 - 12
<1 month
months
months
months
years
>5 years
maturity
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Financial liabilities
+LWVZP[MYVT
customers
Saving giro
-P_LKKLWVZP[Z
3VHUZJOLTLM\UK
.V]LYUTLU[
)54
3,404,041
768,384
393,569
2,084,872 1,025,275
803,012
310,171
8,789,324
(1,880,775)
151,489
(71,857) (1,712,598) 1,484,598 4,223,246
(115,621)
2,078,482
Other liabilities
6[OLYWH`HISLZ
.V]LYUTLU[NYHU[Z
7HKK`JYLKP[
NYH[\P[`ZJOLTL
Net maturity
mismatch
203
A.
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LKKPZJV\U[LKJHZOÅV^Z!JVU[»K Non-
2012
1-5
ZWLJPÄJ
months
years
RM’000
RM’000
>5 years maturity
RM’000 RM’000
RM’000
1-3
3-6
6 - 12
<1 month
months
months
RM’000
RM’000
RM’000
Total
Financial assets
Cash and short
[LYTM\UKZ
3VHUÄUHUJPUNHUK
advances
Other assets
2,158,384
204
771,285
373,015
606,761
1,816,693
5,157,372
366,132 11,249,642
A.
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LKKPZJV\U[LKJHZOÅV^Z!JVU[»K
Non-
2012
ZWLJPÄJ
1-5
1-3
3-6
6 - 12
<1 month
months
months
months
years
>5 years
maturity
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
+LWVZP[MYVT
customers
:H]PUNNPYV
-P_LKKLWVZP[Z
3VHUZJOLTLM\UK
.V]LYUTLU[
)54
Others
4,834,844
741,517
679,113
867,813
87,351 1,618,988
292,720
9,122,346
(2,676,460)
29,768
(306,098) (261,052) 1,729,342 3,538,384
73,412
2,127,296
Other liabilities
6[OLYWH`HISLZ
.V]LYUTLU[NYHU[Z
7HKK`JYLKP[
NYH[\P[`ZJOLTL
Net maturity
mismatch
205
A.
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LK\UKPZJV\U[LKJHZOÅV^Z!JVU[»K
Non-
2013
ZWLJPÄJ
1-5
1-3
3-6
6 - 12
<1 month
months
months
months
years
RM’000
RM’000
RM’000
RM’000
RM’000
>5 years
maturity
Total
RM’000
RM’000
RM’000
+LWVZP[MYVT
customers
:H]PUNNPYV
-P_LKKLWVZP[Z
4,813,643
930,277
61,887
36,180
3VHUZJOLTLM\UK
.V]LYUTLU[
)54
734,963 1,992,372
310,171
8,879,493
Other liabilities
6[OLYWH`HISLZ
.V]LYUTLU[NYHU[Z
7HKK`JYLKP[
NYH[\P[`ZJOLTL
206
A.
4H[\YP[`HUHS`ZPZVMÄUHUJPHSHZZL[ZHUKÄUHUJPHSSPHIPSP[PLZIHZLKVUJVU[YHJ[LK\UKPZJV\U[LKJHZOÅV^Z!JVU[»K
Non-
2012
1-5
ZWLJPÄJ
months
years
RM’000
RM’000
>5 years maturity
RM’000 RM’000
1-3
3-6
6 - 12
<1 month
months
months
RM’000
RM’000
RM’000
Total
RM’000
+LWVZP[MYVT
customers
:H]PUNNPYV
-P_LKKLWVZP[Z
3VHUZJOLTLM\UK
.V]LYUTLU[
)54
Others
5,122,271
219,850
514,260
292,720
9,385,399
Other liabilities
6[OLYWH`HISLZ
.V]LYUTLU[NYHU[Z
7HKK`JYLKP[
NYH[\P[`ZJOLTL
688,005 1,270,062
1,278,231
207
A.
(d) Market risk
P 5H[\YLVMTHYRL[YPZR
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^P[OPU[OLWVSPJPLZHUKN\PKLSPULZHWWYV]LKI`)94*VY)VHYK
208
A.
(d) Market risk (cont’d)
PPP 4HUHNLTLU[VMTHYRL[YPZRJVU[»K ;OLKHPS`THUHNLTLU[VMPU]LZ[TLU[WVY[MVSPVPZL_LJ\[LKI`[OL;+6U[OLV[OLYOHUK494+
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࠮ :[YLZZ[LZ[HUHS`ZPZ:JLUHYPVHUHS`ZPZ
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¸PU[LYLZ[YH[LZVUIVUK]HS\LZ¹HUK¸IL[HTLHZ\YLVULX\P[`¹;OLZ[YLZZ[LZ[ZLTWSV`
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209
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P] 4LHZ\YLTLU[VMWYVÄ[PU[LYLZ[YH[LYPZRJVU[»K
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]HYPHISL ^PSS PTWHJ[ H WHY[PJ\SHY KLWLUKLU[ ]HYPHISL \UKLY H NP]LU ZL[ VM HZZ\TW[PVUZ
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]HYPHISLZZ\JOHZ[OLLќLJ[VMJOHUNLZPUPU[LYLZ[YH[LZVUIVUKZ»WYPJLZ
:LUZP[P]P[`HUHS`ZPZPZHTLHU[VWYLKPJ[[OLV\[JVTLVMHKLJPZPVUPMHZP[\H[PVU[\YUZV\[[V
ILKPќLYLU[JVTWHYLK[V[OLRL`WYLKPJ[PVUZ:PT\SH[PVUHUHS`ZPZL]HS\H[LZ[OLLќLJ[ZVM
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210
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OVYPaVU^P[OPUHNP]LUJVUÄKLUJLSL]LS
211
A. FINANCIAL RISK MANAGEMENT (cont’d)
7YVÄ[0U[LYLZ[YH[LZLUZP[P]P[`
Scenario 1
Scenario 2
Scenario 3
25bps increase in
50bps increase in
75bps increase in
YTM
YTM
YTM
Current position
Potential
5L[IVVR
4HYRL[
value
value
+PќLYLUJL
2013
RM’mil
RM’mil
RM’mil
7+:
4.:.00
3,560
3,476
4HYRL[
Potential
Potential
loss
4HYRL[
loss
value provisions
value
provisions
RM’mil
RM’mil
RM’mil
RM’mil
(84)
3,427
(133)
3,378
(182)
3,329
(231)
4HYRL[
loss
value provisions
RM’mil
RM’mil
2012
212
7+:
4.:.00
3,006
3,017
11
2,974
(32)
2,932
(74)
2,890
(116)
A.
] -VYLPNUL_JOHUNLYPZR
;OL)HURPZUV[Z\IQLJ[[VMVYLPNUL_JOHUNLNHPUVYSVZZVUÅ\J[\H[PVUVM1HWHULZL@LU
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4HSH`ZPH
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N\HYHU[LLKI`[OL.V]LYUTLU[VM4HSH`ZPHPZHZMVSSV^Z!
Financial liabilities held in
UVUM\UJ[PVUHSJ\YYLUJ`
2013
RM’000
2012
RM’000
-
20,638
-\UJ[PVUHSJ\YYLUJ`VM[OL)HUR
;LYTSVHUZ17@
213
A.
(d) Market Risk (cont’d)
(vi) Interest Rate Risk
;OL[HISLILSV^Z\TTHYPZLZ[OL)HUR»ZL_WVZ\YL[VPU[LYLZ[YH[LYPZR
Noninterest
,ɈLJ[P]L
<1
>1-2
>2-3
>3-5
>5
WYVÄ[
year
years
years
years
years
sensitive
Total
Interest
RM ‘000 RM ‘000 RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
Rate
2013
Financial assets
*HZOHUKZOVY[[LYT
M\UKZ
+LWVZP[Z^P[O
ÄUHUJPHSPUZ[P[\[PVUZ
3VHUZÄUHUJPUNHUK advances
Other assets
214
5,008,806
6,942
138,406
686,598
3,707,000
1,320,054 10,867,806
4.37%
A.
(vi) Interest Rate Risk (cont’d)
Noninterest
,ɈLJ[P]L
<1
>1-2
>2-3
>3-5
>5
WYVÄ[
year
years
years
years
years
sensitive
Total
Interest
RM ‘000 RM ‘000 RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
Rate
2013 (cont’d)
+LWVZP[ZMYVT
3VHUZJOLTLM\UK
.V]LYUTLU[NYHU[Z
6[OLYSPHIPSP[PLZ
17
5,208,531
8,789,324
1.33%
J\Z[VTLYZ
3,549,298
7,781
7,980
15,717
3,549,298
7,781
7,980
15,717
Equity
:OHYLOVSKLY»ZM\UK
;V[HSÄUHUJPHS
liabilities
and equity
17
7,557,920 11,138,713
1.33%
215
A.
;OL[HISLILSV^Z\TTHYPZLZ[OL)HUR»ZL_WVZ\YL[VPU[LYLZ[YH[LYPZR
Noninterest
,ɈLJ[P]L
<1
>1-2
>2-3
>3-5
>5
WYVÄ[
year
years
years
years
years
sensitive
Total
Interest
RM ‘000 RM ‘000 RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
Rate
2012
Financial assets
*HZOHUKZOVY[[LYT
M\UKZ
3VHUZÄUHUJPUNHUK 5,210,795
2,015
108,090
738,021
3,161,913
advances
2,028,808 11,249,642
4.66%
Other assets
216
A.
Noninterest
<1
>1-2
>2-3
>3-5
>5
WYVÄ[
year
years
years
years
years
sensitive
Total
Interest
RM ‘000 RM ‘000 RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
Rate
,ɈLJ[P]L
2012 (cont’d)
+LWVZP[ZMYVT
J\Z[VTLYZ
3VHUMYVT6,*-
3VHUZJOLTLM\UK
.V]LYUTLU[NYHU[Z
6[OLYSPHIPSP[PLZ
3,471,934
11,191
16,221
65,800
17
5,570,971
9,136,134
2.02%
3,471,934
11,191
16,221
65,800
Equity
:OHYLOVSKLY»ZM\UK
;V[HSÄUHUJPHS
liabilities
and equity
17
7,896,233 11,461,396
2.02%
217
A.
(e) Operational risk
;OL )HUR»Z 6WLYH[PVUHS 9PZR 4HUHNLTLU[ -YHTL^VYR º»694-»» WYV]PKLZ H Z[Y\J[\YLK HUK
KPZJPWSPULKWYVJLZZKLÄULKI`[OLYLN\SH[VY`N\PKLSPULZZL[I`[OL)HURVM0U[LYUH[PVUHS:L[[SLTLU[Z
º»)0:»»)HZLS(JJVYKZHUK)54 ;OL)HURPZSH`PUN[OLMV\UKH[PVUZPUJVTWSPHUJL[V[OL)HZLSYLX\PYLTLU[Z^P[OPUHWLYPVKVMÄ]L
`LHYZ;OPZPZPUSPUL^P[O[OL)HUR»Z]PZPVU[VHJOPL]L;OL:[HUKHYKPZLK(WWYVHJOº»;:(»»^P[OPU
Ä]L`LHYZ/V^L]LYHZHZ[HY[[OL)HURZOHSSHWWS`[OL)HZPJ0UKPJH[VY(WWYVHJO)0(PUP[ZJHWP[HS
HSSVJH[PVUJVTW\[H[PVUMVY6WLYH[PVUHS9PZR
Approach to operational risk management
;OL)HURHKVW[Z[OLÄ]LJVYLJVTWVULU[ZHZ[OLN\PKPUNWYPUJPWSLZMVYHULќLJ[P]LHUKLѝJPLU[
THUHNLTLU[VMP[ZVWLYH[PVUHSYPZRZHZMVSSV^Z!
࠮ .V]LYUHUJL
;OL)VHYKVM+PYLJ[VYZKLÄULZ[OLRL`VIQLJ[P]LZMVYTHUHNPUN[OL)HUR»ZVWLYH[PVUHSYPZRHUK
V]LYZLLZ WYVNYLZZ [V^HYKZ HJOPL]PUN P[Z VIQLJ[P]LZ ;OL )VHYK KLÄULZ [OL V]LYHSS VWLYH[PVUHS
YPZRJ\S[\YLHUKZL[Z[OL[VULHZ[VOV^[OL)HURPTWSLTLU[ZHUKL_LJ\[LZP[ZVWLYH[PVUHSYPZR
THUHNLTLU[Z[YH[LN`
4HUHNLTLU[[HRLZ[OLYLZWVUZPIPSP[`VMTHUHNPUN[OLI\ZPULZZYPZRZ[OL\S[PTH[LYLZWVUZPIPSP[`MVY
LZ[HISPZOPUNHUKTHPU[HPUPUNHWWYVWYPH[LYPZRTHUHNLTLU[WYVJLZZLZTHRPUNYPZRTHUHNLTLU[HU
PU[LNYHSWHY[VM[OL)HUR»ZVWLYH[PVUZHSPNUPUNYPZRTHUHNLTLU[[VPU[LYUHSWVSPJPLZHUKWYVJLK\YLZ
HZ^LSSHZLUZ\YPUN[OH[HSSYPZRIHZLKSPTP[ZHYLHKOLYLK[VI`[OLI\ZPULZZKP]PZPVUZKLWHY[TLU[Z
HUK\UP[Z 218
A.
(e) Operational risk (cont’d)
Approach to operational risk management (cont’d)
࠮ 6]LYZPNO[Z[Y\J[\YLHUKSPULZVMKLMLUJL ;OLPU[LYWSHÌL[^LLU[OLYPZRVÛLYZH[[OLI\ZPULZZSL]LS9PZR4HUHNLTLU[+P]PZPVUº»94+»»
HUK0U[LYUHS(\KP[MVYTZ[OLMYHTL^VYRMVY[OL)HUR»Z¸[OYLLSPULZVMKLMLUJL¹PU[OLTHUHNLTLU[
VMYPZRZ
;OL ÄYZ[ SPUL VM KLMLUJL PZ [OL )\ZPULZZ YPZR VÛLYZ ÔV HYL YLZWVUZPISL MVY [OL KH`[VKH`
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º»290Z»» HUK 2L` *VU[YVS 0UKPJH[VYZ º»2*0Z»» 9PZR 4HWZ 2L` 9PZR *VU[YVS :LSM(ZZLZZTLU[
º»9*:(»»HUK0UJPKLU[4HUHNLTLU[HUK+H[H*VSSLJ[PVUº»04+*»»HYL[VILPUWSHJLPUYLSH[PVU
[V[OLI\ZPULZZVIQLJ[P]LZ
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V]LYZPNO[
;OL [OPYK SPUL VM KLMLUJL PZ 0U[LYUHS (\KP[ ÔPJO PZ ILPUN LU[Y\Z[LK [V WLYMVYT PUKLWLUKLU[
HZZ\YHUJLV]LY[OLLќLJ[P]LULZZVM[OLVWLYH[PVUHSYPZRTHUHNLTLU[PUP[PH[P]LZI`94+HUK[OL
)\ZPULZZ<UP[Z ࠮ 9PZRTHUHNLTLU[WYVJLZZ
6WLYH[PVUHSYPZRTHUHNLTLU[¸694¹YLMLYZ[V[OLLUK[VLUKWYVJLZZ[OH[LUZ\YLZVWLYH[PVUHS
YPZRZHYLLќLJ[P]LS`THUHNLKMYVT[OL[PTL[OL`HYLPKLU[PÄLK[V[OL[PTL[OLYPZRZHYLTP[PNH[LK
^P[OPU[OLYPZRHWWL[P[LVM[OL)HUR0[PZ[OLYLZWVUZPIPSP[`VML]LY`VULPU[OL)HUR;OPZNLULYPJ
WYVJLZZPZ\ZLK[VTHUHNLVWLYH[PVUHSYPZRZH[HSSSL]LSZMYVT\UP[Z[V/LHKVѝJL;OLVWLYH[PVUHS
YPZRTHUHNLTLU[WYVJLZZJVTWYPZLZZ[LWZUHTLS`!
P PP PPP P] 9PZRPKLU[PÄJH[PVU
9PZRHZZLZZTLU[
4HUHNPUNHUKJVU[YVSSPUNYPZR
4VUP[VYPUNHUKYLWVY[PUNYPZR
219
A.
(e) Operational risk (cont’d)
Approach to operational risk management (cont’d)
࠮
9LWVY[PUNHUKJVTT\UPJH[PVUN\PKLSPULZ
0ULZ[HISPZOPUNHZV\UK694H[[OL)HUR[OLYLWVY[PUNHUKJVTT\UPJH[PVUSPULZHYLL_[YLTLS`
PTWVY[HU[(ZVWLYH[PVUHSYPZRPZWLY]HZP]LHJYVZZ[OLVYNHUPZH[PVUHUK[OLYHUNLHUK[`WLVM
PUJPKLU[ZPZIYVHKMYVTMYH\K[VWYVK\J[HUKZ`Z[LTMHPS\YLZHUKMYVTLYYVYZPU[OLMYVU[VѝJL
[V[OLIHJRVѝJLP[PZPTWVY[HU[[VZOHYLPUMVYTH[PVUH[HSSSL]LSZ
0UMVYTH[PVU ZOHYPUN ZOV\SK IL [OYV\NO IV[O MVYTHS YLWVY[PUN SPULZ HUK MHJL[VMHJL
JVTT\UPJH[PVU
࠮
*\S[\YL
6WLYH[PVUHSYPZRJ\S[\YLLUJVTWHZZLZNLULYHSH^HYLULZZH[[P[\KLILOH]PV\YVMLTWSV`LLZ[V
[OLRL`VWLYH[PVUHSYPZRJH\ZLZZ\JOHZWLVWSLWYVJLZZZ`Z[LTZL_[LYUHSL]LU[Z
(KLX\H[L H^HYLULZZ HUK [YHPUPUN PU VWLYH[PVUHS YPZR PZ [V IL NP]LU [V [OL Z[Hќ HUK [OLPY
YVSLZ HUK YLZWVUZPIPSP[PLZ JSLHYS` KLÄULK 0U HKKP[PVU [OL WLYMVYTHUJL THUHNLTLU[ WYVJLZZ
LUJV\YHNLZZ[Hќ[VWLYMVYTHUKILOH]LPUHTHUULYJVUZPZ[LU[^P[O[OL)HUR»ZVWLYH[PVUHSYPZR
THUHNLTLU[VIQLJ[P]LZ(KLX\H[L[YHPUPUNPZ[VILWYV]PKLK[V[OLZ[Hќ[VLUZ\YL[OH[[OLÒH]L
HJX\PYLKHKLX\H[LSL]LSVMRUV^SLKNLHUKZRPSSZL[Z[VWLYMVYT[OLPYYVSLZHUKYLZWVUZPIPSP[PLZPU
VWLYH[PVUHSYPZRTHUHNLTLU[
220
A.
M *HWP[HSTHUHNLTLU[
Regulatory capital
)54ZL[ZHUKTVUP[VYZJHWP[HSYLX\PYLTLU[ZMVY;OL)HURHZHÔVSL
;OL)HUR»ZYLN\SH[VY`JHWP[HSPZHUHS`ZLKPU[V[^V[PLYZ!

;PLYJHWP[HSÔPJOPUJS\KLZVYKPUHY`ZOHYLJHWP[HSZOHYLWYLTP\TWLYWL[\HSIVUKZÔPJO
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JVU[YVSSPUNPU[LYLZ[ZHM[LYKLK\J[PVUZMVYNVVK^PSSHUKPU[HUNPISLHZZL[ZHUKV[OLYYLN\SH[VY`
HKQ\Z[TLU[ZYLSH[PUN[VP[LTZ[OH[HYLPUJS\KLKPULX\P[Ì\[HYL[YLH[LKKPќLYLU[S`MVYJHWP[HS
HKLX\HJ`W\YWVZLZ

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PTWHPYTLU[HSSV^HUJLZMVYUVUPTWHPYLKSVHUZ
=HYPV\ZSPTP[ZHYLHWWSPLK[VLSLTLU[ZVM[OLJHWP[HSIHZL;OLHTV\U[VMPUUV]H[P]L[PLYZLJ\YP[PLZ
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HUKX\HSPM`PUN[LYTZ\IVYKPUH[LKSVHUJHWP[HSTHÙV[L_JLLKWLYJLU[VM[PLYJHWP[HS;OLYLHYL
HSZVYLZ[YPJ[PVUZVU[OLHTV\U[VMJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLZ[OH[THÌLPUJS\KLKHZWHY[VM
[PLYJHWP[HS
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JVUÄKLUJLHUKZ\Z[HPUM\[\YLKL]LSVWTLU[VM[OLI\ZPULZZ;OLPTWHJ[VM[OLSL]LSVMJHWP[HSVU
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;OL)HURHUKP[ZPUKP]PK\HSS`YLN\SH[LKVWLYH[PVUZOH]LJVTWSPLK^P[OHSSL_[LYUHSS`PTWVZLKJHWP[HS
YLX\PYLTLU[Z[OYV\NOV\[[OLWLYPVK4HUHNLTLU[\ZLZYLN\SH[VY`JHWP[HSYH[PVZPUVYKLY[VTVUP[VY
P[Z JHWP[HS IHZL HUK [OLZL JHWP[HS YH[PVZ YLTHPU [OL PU[LYUH[PVUHS Z[HUKHYKZ MVY TLHZ\YPUN JHWP[HS
HKLX\HJ`;OL)HURPZPU[OLWYVJLZZVUKL]LSVWPUN*HWP[HS4HUHNLTLU[7SHUº»*47»»[VMHJPSP[H[L
LќLJ[P]LTHUHNLTLU[VMJHWP[HSHUKHKKYLZZWV[LU[PHSPTWHJ[MYVTSVHUKL[LYPVYH[PVUHZ^LSSHZ[V
WYV]PKLHKLX\H[LI\ќLY[VZ\WWVY[I\ZPULZZL_WHUZPVU
221
A.
M *HWP[HSTHUHNLTLU[JVU[»K
Capital allocation
*HWP[HSHSSVJH[PVUVMJHWP[HSIL[^LLUZWLJPÄJVWLYH[PVUZHUKHJ[P]P[PLZPZ[VHSHYNLL_[LU[
KYP]LU I` VW[PTPZH[PVU VM [OL YL[\YU HJOPL]LK VU [OL JHWP[HS HSSVJH[LK ;OL HTV\U[ VM
JHWP[HS HSSVJH[LK [V LHJO VWLYH[PVU VY HJ[P]P[` PZ IHZLK WYPTHYPS` \WVU [OL YLN\SH[VY`
JHWP[HS I\[ PU ZVTL JHZLZ [OL YLN\SH[VY` YLX\PYLTLU[Z KV UV[ YLÅLJ[ M\SS` [OL ]HY`PUN
KLNYLLVMYPZRHZZVJPH[LK^P[OKPќLYLU[HJ[P]P[PLZ0UZ\JOJHZLZ[OLJHWP[HSYLX\PYLTLU[Z
THÌL]HYPLK[VYLÅLJ[KPќLYPUNYPZRWYVÄSLZ\IQLJ[[V[OLV]LYHSSSL]LSVMJHWP[HS[VZ\WWVY[
H WHY[PJ\SHY VWLYH[PVU VY HJ[P]P[` UV[ MHSSPUN ILSV^ [OL TPUPT\T YLX\PYLK MVY YLN\SH[VY`
W\YWVZLZ;OLWYVJLZZVMHSSVJH[PUNJHWP[HS[VZWLJPÄJVWLYH[PVUZHUKHJ[P]P[PLZPZZ\IQLJ[
[VYL]PLÎ`[OL(3*6HZHWWYVWYPH[L
Capital Adequacy
;OLJHWP[HSHKLX\HJ`YH[PVVM[OL)HURHZH[[OLLUKVM[OLYLWVY[PUNWLYPVKPZHZMVSSV^Z!
31 December
2013
%
)LMVYLKLK\J[PUNWYVWVZLKKP]PKLUK!
Core capital ratio
9PZR^LPNO[LKJHWP[HSYH[PV (M[LYKLK\J[PUNWYVWVZLKKP]PKLUK!
Core capital ratio
9PZR^LPNO[LKJHWP[HSYH[PV
222
31 December
2012
%
Restated
28.17
33.97
28.07
33.87
26.27
31.90
25.98
31.61
A.
Capital allocation
;OLJHWP[HSHKLX\HJ`YH[PVVM[OL)HURHZH[+LJLTILYOHZPUJVYWVYH[LK[OL
THYRL[YPZRW\YZ\HU[[V)544HYRL[9PZR*HWP[HS(KLX\HJ`-YHTL^VYRÔPJOILJHTL
LќLJ[P]LVU(WYPS
*VTWVULU[ZVM;PLY0HUK;PLY00JHWP[HS Tier I capital
Share capital
:[H[\[VY`YLZLY]LZ
Retained earnings
3LZZ!+LMLYYLK[H_HZZL[Z
Tier II capital
.V]LYUTLU[.YHU[Z-\UKZ
Total Tier II capital
Total capital base
31 December
2012
%
Restated
2,163,227
2,003,543
445,174
429,299
2,608,401
2,432,842
Total Tier I capital
31 December
2013
%
;OLLSPNPISLHTV\U[MVY;PLY00JHWP[HSPZSPTP[LK[VVUS`JVSSLJ[P]LPTWHPYTLU[HSSV^HUJL
VUUVUPTWHPYLKSVHUZÄUHUJPUNHUKHK]HUJLZ
223
A.
Capital allocation
224
;OLIYLHRKVÛVMYPZR^LPNO[LKHZZL[ZPU[OL]HYPV\ZJH[LNVYPLZVMYPZR^LPNO[ZPZHZMVSSV^Z!
Notional
RM’000
Risk^LPNO[LK
RM’000
6ќIHSHUJLZOLL[YPZR^LPNO[LKHZZL[Z
;V[HSYPZR^LPNO[LKHZZL[ZH[+LJLTILY
11,090,141
7,677,957
11,461,396
7,625,955
B.
FAIR VALUES OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
-HPY]HS\LPZ[OLHTV\U[H[ÔPJO[OLÄUHUJPHSHZZL[ZJV\SKILL_JOHUNLKVYÄUHUJPHSSPHIPSP[PLZJV\SKIL
ZL[[SLKIL[^LLURUV^SLKNLHISLHUK^PSSPUNWHY[PLZPUHUHYT»ZSLUN[O[YHUZHJ[PVU;OLPUMVYTH[PVUWYLZLU[LK
OLYLPUYLWYLZLU[Z[OLILZ[LZ[PTH[LZVMMHPY]HS\LZHZVM[OLYLWVY[PUNWLYPVK :L[V\[ILSV^PZHJVTWHYPZVUI`JSHZZVM[OLJHYY`PUNHTV\U[ZHUKMHPY]HS\LVM[OL)HUR»ZÄUHUJPHS
PUZ[Y\TLU[ZV[OLY[OHU[OVZL^P[OJHYY`PUNHTV\U[Z[OH[HYLYLHZVUHISLHWWYV_PTH[PVUVM[OLPYMHPY
]HS\LZ!
2013
Financial assets
0U]LZ[TLU[ZLJ\YP[PLZ/;4
0U]LZ[TLU[ZLJ\YP[PLZ(-:
3VHUZÄUHUJPUN
and advances
3VHUZJOLTLM\UK
2012 (restated)
Financial assets
0U]LZ[TLU[ZLJ\YP[PLZ/;4
0U]LZ[TLU[ZLJ\YP[PLZ(-:
3VHUZÄUHUJPUN
and advances
Level 1
RM’000
Level 2
RM’000
Level 3
Total
RM’000 MHPY]HS\L
RM’000
Carrying
amount
RM’000
3VHUZJOLTLM\UK
;OLYL^LYLUV[YHUZMLYZIL[^LLU3L]LSHUK3L]LSK\YPUN[OLJ\YYLU[HUKWYL]PV\ZÄUHUJPHS`LHYZ
225
B.
FAIR VALUES OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (cont’d)
;OLTL[OVKZHUKHZZ\TW[PVUZ\ZLKPULZ[PTH[PUN[OLMHPY]HS\LZVMÄUHUJPHSPUZ[Y\TLU[ZHYLHZ MVSSV^Z!
(i) Investment securities - HTM
;OLMHPY]HS\LZVMPUZ[Y\TLU[VMPU]LZ[TLU[ZHYLLZ[PTH[LKIHZLKVU[OLTHYRL[]HS\LH[[OLLUKVM
[OLYLWVY[PUNWLYPVK
(ZMVYJVTTLYJPHSWHWLYZÔPJOHYLNLULYHSS`ZOVY[[LYTM\UKZ[OLMHPY]HS\LZHWWYV_PTH[L[OL
YLZWLJ[P]LJHYY`PUN]HS\LZ (ii) Investment securities - AFS
226
(-:ÄUHUJPHSHZZL[Z]HS\LK\ZPUN]HS\H[PVU[LJOUPX\LZVYWYPJPUNTVKLSZWYPTHYPS`JVUZPZ[ZVM
C\UX\V[LKLX\P[PLZHUKKLI[ZLJ\YP[PLZ
;OLZLHZZL[ZHYL]HS\LK\ZPUNTVKLSZ[OH[\ZLIV[OVIZLY]HISLHUKUVUVIZLY]HISLKH[H;OL
UVUVIZLY]HISLPUW\[Z[V[OLTVKLSZPUJS\KLHZZ\TW[PVUZYLNHYKPUN[OLM\[\YLMPUHUJPHS
WLYMVYTHUJLVM[OLPU]LZ[LLP[ZYPZRWYVÄSLHUKLJVUVTPJHZZ\TW[PVUZYLNHYKPUN[OLPUK\Z[Y`
HUKNLVNYHWOPJHSQ\YPZKPJ[PVUPUÔPJO[OLPU]LZ[LLVWLYH[LZ
PPP3VHUZÄUHUJPUNHUKHK]HUJLZ
-VYÄ_LKYH[LSVHUZ^P[OTH[\YP[PLZ^P[OPUH`LHYHUKSVHUZÄUHUJPUNHUKHK]HUJLZH[]HYPHISL
YH[LZ[OLLZ[PTH[LKMHPY]HS\LZHWWYV_PTH[L[OLPYYLZWLJ[P]LJHYY`PUN]HS\LZ
-VYÄ_LKYH[LSVHUZ^P[OTH[\YP[PLZTVYL[OHUH`LHY[OLMHPY]HS\LZHYLLZ[PTH[LKIHZLKVU
L_WLJ[LKM\[\YLJHZOÅV^ZVMJVU[YHJ[\HSPUZ[HSTLU[ZHUKKPZJV\U[LKH[WYL]HPSPUNYH[LH[[OLLUK
VM[OLYLWVY[PUNWLYPVKVќLYLKMVYZPTPSHYSVHUZ[VULÎVYYV^LYZ^P[OZPTPSHYJYLKP[WYVÄSLZ
ÔLYLHWWSPJHISL Agrobank Annual Report 2013
B.
FAIR VALUES OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (cont’d)
;OLTL[OVKZHUKHZZ\TW[PVUZ\ZLKPULZ[PTH[PUN[OLMHPY]HS\LZVMÄUHUJPHSPUZ[Y\TLU[ZHYLHZ
MVSSV^Z!JVU[»K
P]+LWVZP[ZMYVTJ\Z[VTLYZ
] 3VHUZJOLTLM\UK
;OLMHPY]HS\LZVMKLWVZP[ZMYVTJ\Z[VTLYZ^P[OYLTHPUPUNTH[\YP[`VMSLZZ[OHUVUL`LHYHYL
LZ[PTH[LK[VHWWYV_PTH[L[OLPYJHYY`PUNHTV\U[Z;OLMHPY]HS\LZVMKLWVZP[Z^P[OYLTHPUPUN
TH[\YP[PLZVMTVYL[OHUVUL`LHYHYLLZ[PTH[LK\ZPUNKPZJV\U[LKJHZOÅV^ZIHZLKVUTHYRL[
YH[LZMVYZPTPSHYKLWVZP[ZMYVTJ\Z[VTLYZ;OLMHPY]HS\LZVM0ZSHTPJKLWVZP[ZHYLKLLTLK[V
HWWYV_PTH[L[OLPYJHYY`PUNHTV\U[ZHZWYVÄ[YH[LZHYLKL[LYTPULKH[[OLLUKVM[OLPYOVSKPUN
WLYPVKZIHZLKVU[OLWYVÄ[NLULYH[LKMYVT[OLHZZL[ZPU]LZ[LK ;OLLZ[PTH[LKMHPY]HS\LZVMSVHUZJOLTLM\UKHYLIHZLKVUM\[\YLJHZOÅV^ZKPZJV\U[LKH[[OL
J\YYLU[YH[LHZVM[OLLUKVM[OLYLWVY[PUNWLYPVK
Fair value hierarchy
+L[LYTPUH[PVUVMMHPY]HS\LHUKMHPY]HS\LOPLYHYJO`
;OL )HUR \ZLZ [OL MVSSV^PUN OPLYHYJO` MVY KL[LYTPUPUN HUK KPZJSVZPUN [OL MHPY ]HS\L VM ÄUHUJPHS
PUZ[Y\TLU[ZI`]HS\H[PVU[LJOUPX\L!
3L]LS!8\V[LK\UHKQ\Z[LKWYPJLZPUHJ[P]LTHYRL[ZVMPKLU[PJHSHZZL[ZVYSPHIPSP[PLZ"
3L]LS!6[OLY[LJOUPX\LZMVYÔPJOHSSPUW\[ZÔPJOOH]LZPNUPÄJHU[LќLJ[VU[OLYLJVYKLKMHPY]HS\L
HYLVIZLY]HISLLP[OLYKPYLJ[S`VYPUKPYLJ[S`"
3L]LS!;LJOUPX\LZ ÔPJO \ZL PUW\[Z ÔPJO OH]L ZPNUPÄJHU[ LќLJ[ VU [OL MHPY ]HS\L [OH[ HYL UV[
IHZLKVUVIZLY]HISLTHYRL[KH[H
227
C.
ANALYSIS OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT BASIS
HTM
securities
RM’000
2013
Financial assets
3VHUZJOLTLM\UK
228
Loans and
receivables
RM’000
AFS
securities
RM’000
Financial
assets and
liabilities at
amortised
cost
RM’000
Total
RM’000
214,162
7,183,551
3,373,892
10,771,605
8,149,993
8,149,993
C.
ANALYSIS OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT BASIS (cont’d)
2012
Financial assets
3VHUMYVT6,*3VHUZJOLTLM\UK
Financial
assets and
liabilities at
amortised
cost
RM’000
HTM
securities
RM’000
Loans and
receivables
RM’000
AFS
securities
RM’000
214,079
7,694,660
3,244,983
- 11,153,722
-
-
-
8,502,842
Total
RM’000
8,502,842
229
34. PRIOR YEAR ADJUSTMENTS
+L[HPSZVMWYPVY`LHYHKQ\Z[TLU[ZHYLHZMVSSV^Z!
P (JJV\U[PUNMVYNV]LYUTLU[NYHU[Z 0U [OL )HUR YLJLP]LK 94 TPSSPVU HZ WHY[ VM [OL ZLJVUK ,JVUVTPJ :[PT\S\Z 7HJRHNL
¸,:7¹;OLM\UKZ^LYLHSSVJH[LK [V [OL 4PUPZ[Y` VM (NYPJ\S[\YL HUK (NYVIHZLK 0UK\Z[Y` ¸46(¹
\UKLY[OLTPUPI\KNL[HUKJOHUULSSLK[V[OL)HUR[VPTWSLTLU[[OLº:RPT2YLKP[4PRYV»ÔPJO^HZ
Z\IZLX\LU[S`YLUHTLKº:RPT7LTIPH`HHU4PRYV7LY[HUPHU»
(Z[OLYL^LYLUVN\PKLSPULZMYVT[OL.V]LYUTLU[YLSH[PUN[V[OLYPNO[ZHUKVISPNH[PVUZVM[OL)HURPU
YLNHYKZ[V[OLZLM\UKZKPZI\YZLTLU[ZMYVT[OLM\UK^LYLUV[PUJS\KLKPU[OLÄUHUJPHSZ[H[LTLU[Z
+\YPUN[OL`LHYJSHYPÄJH[PVU^HZYLJLP]LKMYVT[OL.V]LYUTLU[[OH[[OLM\UKZ^LYLNP]LUHZHNYHU[
[V[OL)HUR[VILKPZI\YZLK[VLSPNPIPSLJ\Z[VTLYZ
;OPZJSHYPÄJH[PVUOHZYLZ\S[LKPU[OLM\UKZHUK[OLSVHUZKPZI\YZLKILPUNIYV\NO[VU[V[OLIHSHUJL
ZOLL[;OLHIV]LJOHUNLPU[OLHJJV\U[PUN[YLH[TLU[OHZILLUHKQ\Z[LKMVYYL[YVZWLJ[P]LS` PP <UKPZ[YPI\[LKWYVÄ[VU4\KOHYHIHOKLWVZP[Z <UKLY H 4\KOHYHIHO JVU[YHJ[ KLWVZP[VYZ HYL [OL JHWP[HS WYV]PKLYZ ÔPSL [OL )HUR HZZ\TLZ [OL
YVSLVMHULU[YLWYLUL\YÔVTHUHNLZ[OLKLWVZP[VYZ»M\UKZ7YVÄ[HYPZPUNMYVT[OVZLPU]LZ[TLU[Z
HYLZOHYLKIL[^LLU[OLKLWVZP[VYZHUK[OL)HURIHZLKVUWYLHNYLLK7YVÄ[:OHYPUN9H[PV¸7:9¹
3VZZLZPMHU`^PSSILIVYULI`[OLKLWVZP[VYZL_JLW[PUJHZLZÔLYL[OLYLPZL]PKLUJLVMULNSPNLUJL
I`[OL)HURPUTHUHNPUN[OLKLWVZP[VYZ»M\UKZ
*VUZLX\LU[[VHYL]PL^VM[OL)HUR»ZL_PZ[PUN4\KOHYHIHOJVU[YHJ[ZP[^HZUV[LK[OH[[OLSPHIPSP[`
MVYKPZ[YPI\[HISLPUJVTL[V[OLKLWVZP[VYZOHKILLU\UKLYYLJVNUPZLK;OLHKQ\Z[TLU[[VYLÅLJ[[OL
YL]PZLKJVTW\[H[PVUVMKPZ[YPI\[HISLPUJVTLOHZILLULќLJ[LKYL[YVZWLJ[P]LS`
230
34. PRIOR YEAR ADJUSTMENTS (cont’d)
+L[HPSZVMWYPVY`LHYHKQ\Z[TLU[ZHYLHZMVSSV^Z!JVU[»K
PPP ;H_KLK\J[PIPSP[`VMJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLVUSVHUZHK]HUJLZHUKÄUHUJPUN
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJLVUSVHUZÄUHUJPUNHUKHK]HUJLZ^LYL[YLH[LKHZUVUKLK\J[PISLMVY
[H_W\YWVZLZHUKHKLMLYYLK[H_HZZL[^HZYLJVNUPZLK/V^L]LYIHZLKVU[OL.\PKLSPULZVU0UJVTL
;H_;YLH[TLU[MYVT(KVW[PUN-9: PZZ\LKI`4PUPZ[Y`VM-PUHUJL[OLHSSV^HUJLZOV\SKILKLK\J[PISL
MVY[H_W\YWVZLZ+\L[VP[Z[H_L_LTW[Z[H[\ZPU[OLWYPVY`LHY[OL)HUROHZYL]LYZLK[OLKLMLYYLK[H_
HYPZPUNMYVTJVSSLJ[P]LPTWHPYTLU[HSSV^HUJLVMYL[YVZWLJ[P]LS`
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL)HURHYLHZMVSSV^Z!
As at 1 January 2012
Prior year
adjustment
RM’000
As
restated
RM’000
5,405,351
51,007
5,456,358
As previously
stated
RM’000
:[H[LTLU[VMÄUHUJPHSWVZP[PVU
Asset
(i)
(i)
Liabilities
.V]LYUTLU[NYHU[Z-\UKZ
(i)
(i)
(ii)
(ii)
Equity
Retained earnings
(ii)
8,071,872
51,007
8,122,879
.YVZZSVHUZÄUHUJPUNHUKHK]HUJLZSLZZPUKP]PK\HSPTWHPYTLU[HSSV^HUJL
231
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL)HURHYLHZMVSSV^Z!JVU[»K
As at 31 December 2012
Prior year
adjustment
RM’000
As
restated
RM’000
5,827,907
39,741
5,867,648
(i)
(i)
(ii)
(ii)
(iii)
(ii)
(iii)
7,744,612
39,741
7,784,353
As previously
stated
RM’000
Asset
Liabilities
Equity
Retained earnings
(i)
(i)
232
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL)HURHYLHZMVSSV^Z!JVU[»K
-VY[OLÄUHUJPHS`LHYLUKLK+LJLTILY As previously
stated
RM’000
Prior year
adjustment
RM’000
As
restated
RM’000
:[H[LTLU[VMJVTWYLOLUZP]LPUJVTL
(SSV^HUJLMVYPTWHPYTLU[VUSVHUZ
ÄUHUJPUNHUKHK]HUJLZ
.V]LYUTLU[NYHU[Z-\UKZYLSLHZLK
;H_L_WLUZL
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL0ZSHTPJIHURPUNUV[LZHYLHZMVSSV^Z!
(i)
(i)
(ii)
(ii)
(iii)
Prior year
adjustment
RM’000
As
restated
RM’000
4,263,859
70,317
4,334,176
As previously
stated
RM’000
Asset
Financing and advances*
+LMLYYLK[H_HZZL[Z
(i)
(i)
(ii)
233
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL0ZSHTPJIHURPUNUV[LZHYLHZMVSSV^Z!JVU[»K
As previously
stated
RM’000
Prior year
adjustment
RM’000
As
restated
RM’000
:[H[LTLU[VMÄUHUJPHSWVZP[PVUJVU[»K
Liabilities
(i)
(i)
(ii)
Equity
0ZSHTPJIHURPUNM\UK
(ii)
5,453,574
70,317
5,523,891
Prior year
adjustment
RM’000
As
restated
RM’000
5,037,463
80,157
5,117,620
As previously
stated
RM’000
Asset
Financing and advances*
+LMLYYLK[H_HZZL[Z
234
(i)
(i)
(ii)
;OLLќLJ[VMWYPVY`LHYHKQ\Z[TLU[[V[OL0ZSHTPJIHURPUNUV[LZHYLHZMVSSV^Z!JVU[»K
As previously
stated
RM’000
Prior year
adjustment
RM’000
As
restated
RM’000
:[H[LTLU[VMÄUHUJPHSWVZP[PVUJVU[»K
Liabilities
(i)
(i)
(ii)
Equity
0ZSHTPJIHURPUNM\UK
(ii)
7,133,139
80,157
7,213,296
As previously
stated
RM’000
:[H[LTLU[VMJVTWYLOLUZP]LPUJVTL
(SSV^HUJLMVYPTWHPYTLU[VUÄUHUJPUN
and advances
.V]LYUTLU[NYHU[Z-\UKZYLSLHZLK
;H_JYLKP[
(i)
(i)
(ii)
(ii)
Prior year
adjustment
RM’000
As
restated
RM’000
235
35. ISLAMIC BANKING
;OLZ[H[LVMHќHPYZHUK[OLYLZ\S[ZVM0ZSHTPJIHURPUNVWLYH[PVUZ\UKLY[OL0ZSHTPJ
IHURPUNKP]PZPVUPUJS\KLKPU[OLÄUHUJPHSZ[H[LTLU[ZHYLZ\TTHYPZLKHZMVSSV^Z!
STATEMENT OF COMPREHENSIVE INCOME
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013
Note
2013
RM’000
2012
RM’000
Restated
a
b
352,671
285,791
c
53,694
(4,477)
31,972
14,547
5L[V[OLYJVTWYLOLUZP]LSVZZ[VILYLJSHZZPÄLK
[VWYVÄ[VYSVZZPUZ\IZLX\LU[WLYPVKZ
(65,210)
(1,056)
(33,238)
13,491
.V]LYUTLU[NYHU[ZYLSLHZLK
(SSV^HUJLMVYPTWHPYTLU[VUÄUHUJPUN
and advances
5L[PUJVTL
6]LYOLHKL_WLUZLZ
7YVÄ[SVZZILMVYL[H_HUKaHRH[
;H_L_WLUZLPUJVTL
AHRH[
7YVÄ[HM[LY[H_HUKaHRH[
6[OLYJVTWYLOLUZP]LSVZZPUJVTL[VILYLJSHZZPÄLK
[VWYVÄ[VYSVZZPUZ\IZLX\LU[WLYPVKZ
236
<UYLHSPZLKSVZZNHPUVUMHPY]HS\LJOHUNLZ
VU(-:PU]LZ[TLU[ZLJ\YP[PLZ
;YHUZMLY[VWYVÄ[VYSVZZVUKPZWVZHSVM(-:
0UJVTL[H_YLSH[PUN[VJVTWVULU[ZVMV[OLY
JVTWYLOLUZP]LPUJVTL
35. ISLAMIC BANKING (cont’d)
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2013
Note
31 December
2013
RM’000
31 December
2013
RM’000
1 January
2012
RM’000
Restated
d
e
M
g
9,319,970
9,018,712
7,069,682
8,206,501
7,667,095
6,709,860
Total Equity
1,113,469
1,351,617
359,822
TOTAL LIABILITIES AND EQUITY
9,319,970
9,018,712
7,069,682
Assets
+LWVZP[Z^P[OÄUHUJPHS
institutions
Financing and advances
7YVWLY[`WSHU[HUKLX\PWTLU[
Other assets
+LMLYYLK[H_HZZL[Z
h
TOTAL ASSETS
LIABILITIES AND EQUITY
Liabilities
7YVÄ[WH`HISLHUKV[OLYZ
-PUHUJPUNZJOLTLM\UK
.V]LYUTLU[NYHU[Z
i
j
k
l
Total Liabilities
Equity
0ZSHTPJIHURPUNM\UK
m
237
STATEMENT OF CASH FLOW
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013
2012
RM’000
Restated
2013
RM’000
CASH FLOW FROM OPERATING ACTIVITIES
7YVÄ[SVZZILMVYL[H_HUKaHRH[
(KQ\Z[TLU[ZMVY!
(SSV^HUJLMVYPTWHPYTLU[VUÄUHUJPUNHUKHK]HUJLZ
7YVÄ[L_WLUZLVUÄUHUJPUNZJOLTLM\UK
>YP[LVќVMWYVWLY[`WSHU[HUKLX\PWTLU[
(TVY[PZH[PVUVM! :WLJPHS-\UKMVY;LYLUNNHU\-PZOLY`¸+2:7¹
.V]LYUTLU[.YHU[Z6WLYH[PUN .V]LYUTLU[.YHU[Z3H\UJOPUN 174,011
187,353
6WLYH[PUNWYVÄ[ILMVYL^VYRPUNJHWP[HSJOHUNLZ
*HZONLULYH[LKMYVTVWLYH[PUNHJ[P]P[PLZ 63,534
1,123,524
AHRH[WHPK
*OHUNLPUÄUHUJPUNHUKHK]HUJLZ Change in other assets
*OHUNLPUKLWVZP[Z^P[OÄUHUJPHSPUZ[P[\[PVUZ
*OHUNLPUKLWVZP[ZMYVTJ\Z[VTLYZ *OHUNLPUWYVÄ[WH`HISLZHUKV[OLYZ
*OHUNLPUKLMLYYLK[H_HZZL[Z
9LPTI\YZLTLU[[VJVU]LU[PVUHSZ`Z[LT
5L[JHZONLULYH[LKMYVTVWLYH[PUNHJ[P]P[PLZ
238
60,102
1,120,670
STATEMENT OF CASH FLOW
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 (cont’d)
2013
RM’000
2012
RM’000
Restated
CASH FLOW FROM INVESTING ACTIVITIES
0UJYLHZLPUPU]LZ[TLU[ZLJ\YP[PLZ
7\YJOHZLVMWYVWLY[`WSHU[HUKLX\PWTLU[ Net cash used in investing activities
(437,659)
(1,486,279)
CASH FLOW FROM FINANCING
ACTIVITIES
7YVÄ[WHPKVUÄUHUJPUNZJOLTLM\UK
7YVJLLKZMYVT! -\UK-VY-VVK¸-¹
-VVK7YVK\J[PVU*YLKP[:JOLTL¸:274¹
.V]LYUTLU[NYHU[Z3H\UJOPUN\[PSPZLK
9LWH`TLU[ZVMÄUHUJPUNZJOLTLM\UK
+P]PKLUKZWHPK (73,926)
(102,957)
NET DECREASE IN CASH
AND CASH EQUIVALENTS
(451,483)
(468,566)
THE BEGINNING OF THE YEAR
1,095,975
1,564,541
THE END OF THE YEAR
644,492
1,095,975
CASH AND CASH EQUIVALENTS CONSIST OF:
*HZOHUKZOVY[[LYTM\UKZ 644,492
1,095,975
5L[JHZO\ZLKPUÄUHUJPUNHJ[P]P[PLZ
239
H 0UJVTLMYVT0ZSHTPJIHURPUNI\ZPULZZ
0UJVTLMYVTÄUHUJPUN
0UJVTLMYVTÄUHUJPHSPUZ[P[\[PVUZ
7YVÄ[ZMYVTKLWVZP[Z^P[OÄUHUJPHSPUZ[P[\[PVUZ
7YVÄ[ZMYVTPU]LZ[TLU[ZLJ\YP[PLZ!
/;4
AFS
.HPUVUKPZWVZHSVMPU]LZ[TLU[ZLJ\YP[PLZ!
AFS
2013
RM’000
2012
RM’000
Fee Income
-PUHUJPUNWYVJLZZPUNMLLZ
)HURPUNZLY]PJLMLLZ
9LPTI\YZLTLU[VMNHWWPUNJVZ[
(Y9HOU\MLLZ
:[HќÄUHUJPUN
9LPTI\YZLTLU[VM:WLJPHS9LSPLM.YHU[MVY-SVVK¸:9.-¹ 6[OLYPUJVTL
578,346
616,269
153,616
188,122
240
3LZZ!7YVÄ[H[[YPI\[HISL[VJ\Z[VTLYZ
(S4\KOHYHIHOKLWVZP[Z
(S4\KOHYHIHOZH]PUNZ
(NYVWYPTH -P_LK9L[\YU0U]LZ[TLU[(JJV\U[P (NYV7LYKHUHP
(NYVPKLWVZP[Z
(S>HKPHOZH]PUNZ (NYV4\KHP
(NYV;L[HUNNHP
H 0UJVTLMYVT0ZSHTPJIHURPUNI\ZPULZZJVU[»K
3LZZ!7YVÄ[WHPKVUÄUHUJPUNZJOLTLM\UK -\UK-VY-VVK¸-¹
3VHUMVY:THSSHUK4LKP\T:PaL0UK\Z[YPLZ¸72:¹
-\UK-VY:THSSHUK4LKP\T:PaLK0UK\Z[YPLZ¸;02:¹
5VU-VVK7YVK\J[PVU*YLKP[:JOLTL¸:27)4¹
Others
2013
RM’000
2012
RM’000
Restated
423,825
424,363
7YVÄ[PUJVTLLHYULKVUPTWHPYLKÄUHUJPUNHUKHK]HUJLZ 10,176
16,195
6MÔPJO!
I (SSV^HUJLMVYPTWHPYTLU[VUÄUHUJPUN
-PUHUJPUNHUKHK]HUJLZ!
(SSV^HUJLMVY[OL`LHY
(TV\U[^YP[[LUIHJR\WVUYLJV]LYPLZ
HUKYL]LYZHSVMHSSV^HUJL 0UKP]PK\HSPTWHPYTLU[HSSV^HUJLUL[
*VSSLJ[P]LPTWHPYTLU[HSSV^HUJLUL[
)HKKLI[ZHUKÄUHUJPUN!
>YP[[LUVќ Recovered
2013
RM’000
2012
RM’000
Restated
81,161
153,582
241
J 6]LYOLHKL_WLUZLZ
242
Personnel costs
:HSHY`HSSV^HUJLHUKIVU\Z
,7-JVU[YPI\[PVUZ
:6*:6JVU[YPI\[PVUZ
:[Hќ^LSMHYL
Others
Maintenance costs
7YPU[PUNZ[H[PVULY`HUKVѝJLZ\WWSPLZ
Insurance
>H[LYHUKLSLJ[YPJP[`
9LU[HSVMWYLTPZLZ
(TVY[PZH[PVUVMJVTW\[LYZVM[^HYL
)\PSKPUNHUKVѝJLTHPU[LUHUJL
9LU[HSVMJVTW\[LYZ
*VTW\[LYTHPU[LUHUJL
Others
4HYRL[PUNL_WLUZLZ
(K]LY[PZPUNHUKWYVTV[PVUZ
Others
2013
RM’000
2012
RM’000
187,452
208,157
79,870
54,241
4,313
4,001
J 6]LYOLHKL_WLUZLZJVU[»K
.LULYHSHKTPUPZ[YH[P]LL_WLUZLZ
*VTT\UPJH[PVUL_WLUZLZ
:LJ\YP[`JOHYNLZ
3LNHSMLLZ
Others
2013
RM’000
2012
RM’000
27,342
23,869
298,977
290,268
31 December
2013
RM’000
31 December
2012
RM’000
644,492
1,095,975
31 December
2013
RM’000
31 December
2012
RM’000
60,000
-
K *HZOHUKZOVY[[LYTM\UKZ
*HZOHUKIHURIHSHUJLZ
:OVY[[LYTKLWVZP[ZTH[\YPUN^P[OPU[OYLLTVU[OZ!
3PJLUZLKIHURZ
L +LWVZP[Z^P[OÄUHUJPHSPUZ[P[\[PVUZ
243
M 0U]LZ[TLU[ZLJ\YP[PLZ
Debt Securities
(-:H[MHPY]HS\L
*VYWVYH[LIVUKZ
.V]LYUTLU[0U]LZ[TLU[0ZZ\L
HTM - at amortised cost
*VYWVYH[LIVUKZ
*VTTLYJPHSWHWLYZ
.V]LYUTLU[0U]LZ[TLU[0ZZ\L
Net
244
4H[\YP[`Z[Y\J[\YLMVYPU]LZ[TLU[Z
/;4PZHZMVSSV^Z!
4VYL[OHUÄ]L`LHYZ
31 December
2013
RM’000
31 December
2012
RM’000
2,683,253
2,363,021
179,242
199,020
2,862,495
2,562,041
179,242
199,020
(g) Financing and advances
31 December
2013
RM’000
31 December
2012
RM’000
Restated
1 January
2012
RM’000
Restated
Agrocash
))(7YVQLJ[HUK=LOPJSL
-\UK-VY-VVK¸-¹
(Y9HOU\
-PZOLY`)VH[-PUHUJPUN:JOLTL¸:7)7¹
4<:;P
6PS7HST9LWSHU[PUN:JOLTL¸;(:2:¹
4(7HUK477)-PUHUJPUN
-PUHUJPUNMVY:THSSHUK4LKP\T:PaL
0UK\Z[YPLZ¸72:¹
:JOLTL¸:27)4¹
)LSPH;HUP:JOLTL
¸:<;2:-PUHUJPUN¹
:WLJPHS-\UK-VY;LYLUNNHU\-PZOLY`¸+2:7¹
-\UK-VY:THSSHUK4LKP\T:PaL
0UK\Z[YPLZ¸;02:¹
4VKHS7\ZPUNHUP
7HKK`*YLKP[:JOLTL
Micro ESP
52,(
Trade Finance
Insani
9,101,526
8,458,560
6,308,502
3LZZ!<ULHYULKWYVÄ[
5,766,570
5,491,789
4,753,457
:[HќÄUHUJPUNHUKHK]HUJLZ
Less:
Net
5,398,911
5,077,204
4,314,866
245
(g) Financing and advances (cont’d)
246
4V]LTLU[PUPTWHPYLKNYVZZÄUHUJPUNHUKHK]HUJLZPZHZMVSSV^Z!
31 December
2013
RM’000
31 December
2012
RM’000
Restated
446,192
578,495
(KKP[PVUZK\YPUN[OL`LHY
9LJSHZZPÄLKHZUVUPTWHPYLKK\YPUN[OL`LHY
9LJV]LYPLZK\YPUN[OL`LHY
9LJSHZZPÄLK[VVќIHSHUJLZOLL[K\YPUN[OL`LHY
(TV\U[^YP[[LUVќ
([LUKVM[OL`LHY
0TWHPYLKNYVZZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`ZLJ[VYZHYLHZMVSSV^Z!
Sectors:
Support
Crops
3P]LZ[VJR
-PZOLY`
-VYLZ[Y`
446,192
578,495
0TWHPYLKNYVZZÄUHUJPUNHUKHK]HUJLZHUHS`ZLKI`YLNPVUZHYLHZMVSSV^Z!
31 December
2013
RM’000
31 December
2012
RM’000
Restated
446,192
578,495
4H[\YP[`Z[Y\J[\YLMVYÄUHUJPUNHUKHK]HUJLZPZHZMVSSV^Z!
4VYL[OHUÄ]L`LHYZ
5,766,570
5,491,789
Regions:
2\HSH3\TW\Y
Selangor
Pahang
7LYHR
1VOVY
2LSHU[HU
2LKHO7LYSPZ
:HYH^HR
:HIHO
Pulau Pinang
Terengganu
247
Financing by types and Shariah Contract
2013
BBA
RM’000
Bai-Al-Inah
RM’000
Qard
RM’000
3,557,034
5,297,296
247,196
-
2,889,060
5,012,972
556,528
;LYT-PUHUJPUN
Revolving Financing
*HZO3PUL
2012 (restated)
;LYT-PUHUJPUN
Revolving Financing
*HZO3PUL
(h) Other assets
31 December 31 December
2012
2013
RM’000
RM’000
248
7YVÄ[YLJLP]HISLMYVTPU]LZ[TLU[ZLJ\YP[PLZ
7YVÄ[YLJLP]HISL
7YVQLJ[3HKHUN)74:N;HZHU
0UJVTLYLJLP]HISLZMYVT(Y9HOU\
9LM\UKHISLKLWVZP[ZHUKWYLWH`TLU[Z
63,756
51,355
P +LWVZP[ZMYVTJ\Z[VTLYZ
31 December
2013
RM’000
31 December
2012
RM’000
4,038,954
5,081,136
5,912,217
5,470,764
4H[\YP[`Z[Y\J[\YLMVY(S4\KOHYHIHONLULYHSKLWVZP[Z
HUK-90(0PZHZMVSSV^Z!
>P[OPUZP_TVU[OZ
2,833,242
2,388,142
4\KOHYHIHO
(S4\KOHYHIHOZH]PUNZ
(S4\KOHYHIHONLULYHSKLWVZP[Z
(NYV7LYKHUHP
Patriot savings
+LWVZP[ZLJ\YP[PLZ
)HZPJ:H]PUN(JJV\U[
5VU4\KOHYHIHO
-P_LK9L[\YU0U]LZ[TLU[(JJV\U[P-90(P
(S>HKPHOZH]PUNZ
249
P +LWVZP[ZMYVTJ\Z[VTLYZJVU[»K
;OLKLWVZP[ZHYLZV\YJLKMYVT[OLMVSSV^PUN[`WLZVMJ\Z[VTLYZ!
2012
2013
RM’000
RM’000
.V]LYUTLU[ Individuals
+VTLZ[PJI\ZPULZZLU[LYWYPZLZ +VTLZ[PJV[OLYLU[P[PLZ
+VTLZ[PJUVUIHURPUNPUZ[P[\[PVUZ
Q 7YVÄ[ZWH`HISLHUKV[OLYZ
250
6[OLYSPHIPSP[PLZ
AHRH[WH`HISL
5,912,217
5,470,764
2013
2012
RM’000
RM’000
Restated
1 January
2012
RM’000
Restated
428,766
284,623
192,804
R -PUHUJPUNZJOLTLM\UKZ
-\UK-VY-VVK¸-¹
6PS7HST9LWSHU[PUN:JOLTLº»;(:2:»»
-PZOLY`)VH[-PUHUJPUN:JOLTL¸:7)7¹
¸:<;2:-PUHUJPUN¹
:JOLTL¸:27)4¹
-PUHUJPUNMVY:THSSHUK4LKP\T
:PaL0UK\Z[YPLZ¸72:¹
477)-\UKZ
7HKK`*YLKP[:JOLTL
31 December
2013
RM’000
31 December
2012
RM’000
1,555,347
1,618,988
251
(l)
Government Grants - Funds
2013
2012
RM’000
RM’000
Restated
252
+L]LSVWTLU[7YVNYHTTLMVY/HYKJVYL
7VVY¸779;¹
,U[YLWYLUL\Y:JOLTLMVY
.YHK\H[LZ¸:<;2:¹
:WLJPHS-\UKMVY;LYLUNNHU\
-PZOLY`¸+2:7¹
-\UKMVY4PUPZ[Y`@V\[OHUK
:WVY[Z¸+2):¹
)\TPW\[LYH*VTTLYJPHSHUK0UK\Z[YPHS
*VTT\UP[`:JOLTL/<)¸477)/<)¹ 5H[PVUHS2L`,JVUVTPJ(YLH¸52,(¹
4PJYV,JVUVTPJ:[PT\SH[PVU7HJRHNL
¸4PJYV,:7¹
257,500
1 January
2012
RM’000
Restated
229,250
242,453
T 0ZSHTPJIHURPUNM\UK
2013
2012
RM’000
RM’000
Restated
Retained earnings
.LULYHSYLZLY]L
9LPTI\YZLTLU[[VJVU]LU[PVUHSZ`Z[LT
0U]LZ[TLU[YL]HS\H[PVUYLZLY]L
1 January
2012
RM’000
Restated
1,113,469
1,351,617
359,822
Retained earnings
7YVÄ[HM[LYaHRH[
+P]PKLUKZWHPK
([LUKVM[OL`LHY
569,578
546,606
532,059
Reimbursement to conventional system
5L[YLPTI\YZLTLU[
([LUKVM[OL`LHY
(250,370)
(54,460)
(1,032,171)
Investment revaluation reserve
9L[HPULKWYVÄ[(-:
6[OLYJVTWYLOLUZP]LSVZZ
([LUKVM[OL`LHY
(55,481)
9,729
10,192
253
2012
2013
RM’000
RM’000
%
%
Restated
(n) Capital adequacy
)LMVYLKLK\J[PUNWYVWVZLKKP]PKLUK!
Core capital ratio
9PZR^LPNO[LKJHWP[HSYH[PV (M[LYKLK\J[PUNWYVWVZLKKP]PKLUK!
Core capital ratio
9PZR^LPNO[LKJHWP[HSYH[PV *VTWVULU[ZVM;PLY0HUK;PLY00JHWP[HS
2012
2013
RM’000
RM’000
Restated
Tier I capital
.LULYHSYLZLY]L
9LPTI\YZLTLU[[VJVU]LU[PVUHSZ`Z[LT Retained earnings
3LZZ!+LMLYYLK[H_HZZL[Z
Total Tier I capital
1,100,969
1,301,472
Tier II capital
.V]LYUTLU[NYHU[Z .V]LYUTLU[NYHU[M\UKZ
Total Tier II capital
427,984
355,109
1,528,953
1,656,581
Total capital base
254
;OLLSPNPISLHTV\U[MVY;PLY00JHWP[HSPZSPTP[LK[VVUS`JVSSLJ[P]LPTWHPYTLU[HSSV^HUJL
VUUVUPTWHPYLKSVHUZHK]HUJLZHUKÄUHUJPUN
(n) Capital adequacy (cont’d)
;OLIYLHRKVÛVMYPZR^LPNO[LKHZZL[ZPU[OL]HYPV\ZJH[LNVYPLZVMYPZR^LPNO[ZPZHZMVSSV^Z!
Notional
RM’000
Risk^LPNO[LK
RM’000
9,251,989
6,695,359
8,978,296
6,120,348
255
CORPORATE
INFORMATION
“Take, [O, Muhammad], from their
wealth a charity by which you purify
them and cause them increase,
and invoke [Allah’s blessings] upon
ƚŚĞŵ͘/ŶĚĞĞĚ͕ǇŽƵƌŝŶǀŽĐĂƟŽŶƐĂƌĞ
reassurance for them.”
Surah At-Taubah: 103
ŽƌƉŽƌĂƚĞ/ŶĨŽƌŵĂƟŽŶ
BOARD OF DIRECTORS
NOMINATING COMMITTEE
Chairman
Independent Non-Executive Chairman
DATUK SERI CHE MOHD HASHIM ABDULLAH
Members
Non-Independent Non-Executive Director
Datuk Johar Che Mat
Datuk Dr. Saharan Haji Anang
RASHIDAH MOHD SIES
Md. Hilmi Datuk Hj. Md. Noor
Non-Independent Non-Executive Director
Ng Chih Kaye
DATUK DR. SAHARAN HAJI ANANG
(resigned : 28 February 2013)
+H[PU9\aHPUH>HU/HUPɈ
Independent Non-Executive Director
REMUNERATION COMMITTEE
DATUK JOHAR CHE MAT
Chairman
Datuk Johar Che Mat
MD. HILMI DATUK HAJI MD. NOOR
Members
Rashidah Mohd Sies
NG CHIH KAYE
Ng Chih Kaye
BOARD RISK MANAGEMENT COMMITTEE
DATO’ SALEHUDDIN SAIDIN
(appointed : 3 May 2013)
Chairman
Members
7YLZPKLU[*OPLM,_LJ\[P]L6ɉJLY
Datuk Johar Che Mat
Ng Chih Kaye
DATIN RUZAINA WAN HANIFF
Dato’ Salehuddin Saidin
(appointed : 3 May 2013)
258
BOARD AUDIT COMMITTEE
BOARD INVESTMENT COMMITTEE
Chairman
Chairman
Md. Hilmi Datuk Hj Md. Noor
Ng Chih Kaye
Members
Members
Datuk Dr. Saharan Hj Anang
Rashidah Mohd Sies
Datuk Johar Che Mat
Datuk Johar Che Mat
Md Hilmi Datuk Haji Md Noor
BOARD CREDIT COMMITTEE
BOARD INFORMATION TECHNOLOGY
COMMITTEE
Chairman
Datuk Johar Che Mat
Chairman
Md. Hilmi Datuk Hj Md. Noor
Members
Members
Rashidah Mohd Sies
Datuk Johar Che Mat
Ng Chih Kaye
Ng Chih Kaye
BOARD GENERAL PURPOSE COMMITTEE
MANAGEMENT COMMITTEE
Chairman
Chairman
Dato’ Wan Mohd Fadzmi Wan Othman
Members
Members
Azizan Ahmad
Muslim Hussain
Asmuni Sudin
Ng Chih Kaye
Norhisham Ahmad
(resigned : 6 April 2014)
Nik Abdullah Shukri Nik Mustapha
Syed Naufal Shahabudin Syed Abdul Jabbar
Shahabudin
Mad Yusof Yazid
(appointed : 15 July 2013)
259
SHARIAH COMMITTEE
9LNPZ[LYLK6ɉJL
Chairman
Aras 3, Bangunan Agrobank
Dr. Mohamed Fairooz Abdul Khir
Leboh Pasar Besar
50726 Kuala Lumpur
Members
Professor Madya Dr. Atikullah Hj. Abdullah
Headquarters
Dr. Muhammad Yamin Ismail
Dr Mohamad Sabri Zakaria
(appointed : June 2013)
Bangunan Agrobank
Tuan Haji Ismail Mahayudin
Leboh Pasar Besar
Prof. Dr. Saiful Azhar Rosly
50726 Kuala Lumpur
(resigned : 31 March 2013)
Mohd Zakhiri Md.Nor
Tel
: (603)-2731 1600
(resigned : 31 March 2013)
Website : www.agrobank.com.my
Secretary
Auditors
Hishamuddin Ab Hamid
Tetuan (Messrs.) Ernst & Young
COMPANY SECRETARY
Aras 23A, Menara Milenium
Jalan Damanlela
ZARINA NADZIMUDDIN
Pusat Bandar Damansara
MAICSA 7060104
50490 Kuala Lumpur
(appointed : 1 March 2013)
SYED NAUFAL SHAHABUDIN SYED ABDUL
JABBAR SHAHABUDIN
Tel
: (603)-7495 8000
Fax
: (603)-2095 5332
MIA 22994
(resigned : 27 June 2013)
MOHD AZIZUL AZMI
MAICSA 7051421
(resigned : 22 January 2013)
260
Date of Incorporation
31 March 2008 under the Companies Act 1965
Corporate Status
(BPMB) was registered and incorporated
on 31 March 2008 under the Companies
Act 1965. BPMB which is also
commercially known as Agrobank,
is a Government-Linked Company
(GLC) under the Ministry of Finance
Incorporated (MKD). However, funding
for the agricultural sector is guided by
policies set by the Ministry of Agriculture
and Agro-Based Industry.
261
Corporate Directory
HEAD OFFICE
Leboh Pasar Besar
Peti Surat 10815
50726 Kuala Lumpur
Tel.: 03-2731 1600
Fax: 03-2691 4908
187
Branches
nationwide
262
Kuala Lumpur
AGROBANK IBU PEJABAT
Leboh Pasar Besar
Peti Surat 10815
50726 Kuala Lumpur.
Tel : 03-2691 2754
Fax : 03-2691 4599
AGROBANK KUALA LUMPUR
Tingkat 1
Leboh Pasar Besar
Peti Surat 13013
50796 Kuala Lumpur.
Tel : 03-2691 2754 / 03-26922362
Fax : 03-2691 4599
AGROBANK NEGERI
W.P. KUALA LUMPUR
No. 141-2, 143-2, Jalan 2/3A
Pusat Bandar Utara
68100 Batu Caves, Kuala Lumpur.
Tel : 03-6137 6433 / 6137 3433 /
6138 9285 / 6138 5762
Fax : 03-61389881 / 61377646
AGROBANK SELAYANG
No. 141, Jalan 2/3A
Pusat Bandar Utara
Tel : 03-6136 9469 / 03-6136 8453
Fax : 03-6136 0410
AGROBANK PANDAN INDAH
No. 14, ACD/1, Menara A
Persiaran MPAJ
Jalan Pandan Utama
Pandan Indah
55100 Kuala Lumpur.
Tel : 03-4295 9466 / 03-4296 1419
Fax : 03-4295 5229
AGROBANK BANDAR TASIK
SELATAN
No. 27G & 29G, Jalan 8/146
Bandar Tasik Selatan
57100 Kuala Lumpur.
Tel : 03-9056 5700 / 03-9056 5900
Fax : 03-9056 1200
AGROBANK AMPANG POINT
92, Jalan Memanda 2
Ampang Point
68000 Ampang, Kuala Lumpur
Tel : 03-4252 2960 / 03-4252 3827
Fax : 03-4252 5185
AGROBANK JALAN TUANKU
ABDUL RAHMAN
No. 498 Jalan Tuanku Abdul
Rahman
50100 Kuala Lumpur.
Tel : 03-4042 5046 / 03-4042 6079
Fax : 03-4041 3873
AGROBANK UTC KUALA
LUMPUR (AGRO CORNER)
Lot T3-11, Tingkat 3, Pudu Sentral
55100 Kuala Lumpur
Tel : 03-2026 8292
Fax : 03-2026 8294
AGROBANK PUTRAJAYA
(AGROCORNER)
d/a Business Development Centre
(BDA)
Kementerian Pertanian & Industri
Asas Tani,
Wisma Tani, Lot 4G1, Presint 4
Pusat Pentadbiran Kerajaan
Persekutuan,
62624 Putrajaya
Tel : 03-8870 1790 / 03-8870 1790
AGROBANK CHERAS
No. 65 & 65-1, Jalan Dwitasik 1
Dataran Dwitasik
Bandar Sri Permaisuri
56000 Kuala Lumpur.
Tel : 03-9173 2389 / 03-9173 2387
Fax : 03-9173 2385
AGROBANK GREENWOOD
(KIOSK)
SH 25, Jalan 7
Taman Greenwood
Tel : 03-6186 8613 / 03-6186 8614
Fax : 03-6186 8615
263
Selangor
BUSINESS CENTRE NEGERI
SELANGOR
No. 3 - 5
Pusat Dagangan UMNO Shah Alam
Persiaran Damai, Seksyen 11
40100 Shah Alam, Selangor.
Tel : 03-5510 4268 /
03-5512 4667 / 03-5519 3537
Fax : 03-5510 6740
AGROBANK SHAH ALAM
No. 3-1
Pusat Dagangan UMNO Shah Alam
Persiaran Damai, Seksyen 11
40000 Shah Alam, Selangor.
Tel : 03-5519 8250 / 5519 8433
Fax : 03-5519 9017
AGROBANK TANJUNG KARANG
Lot 131, Jalan Bomba
45500 Tanjung Karang, Selangor.
Tel : 03-3269 8084 / 3269 8052
Fax : 03-3269 8100
AGROBANK BANTING
123 & 125
Jalan Sultan Abdul Samad
42700 Banting, Selangor.
Tel : 03-3187 2552 / 3187 1558 /
3181 7099
Fax : 03-3187 3080
AGROBANK KUALA KUBU BARU
No. 38, Jalan Dato’ Hj. Kamarudin
44000 Kuala Kubu Baru, Selangor.
Tel : 03-6064 1775 / 6064 1779
Fax : 03-6064 1815
AGROBANK SUNGAI BESAR
Lot 4746 & 4747
Jalan Sungai Limau,
45300 Sungai Besar, Selangor.
Tel : 03-3224 2522 / 3224 2902 /
3224 3192
Fax : 03-3224 1717
264
AGROBANK KLANG
No. 7, Lorong Batu 3
Kawasan 18
41300 Klang, Selangor.
Tel : 03-3342 8212 / 3341 0662 /
3343 6584
Fax : 03-3342 8203
AGROBANK KAJANG
No. 2-G & 2-1, Reko Sentral
Jalan Reko Sentral 4
6Ɉ1HSHU9LRV
43000 Kajang, Selangor.
Tel : 03-8736 6337 / 03-8736 6364
/ 8736 9425
Fax : 03-8736 6471
AGROBANK SEKINCHAN
No. 50 & 50A
Jalan Menteri Besar 1
Sekinchan Business Centre
45400 Sekinchan, Selangor.
Tel : 03-3241 0326 / 3241 3796
Fax : 03-3241 0307
AGROBANK SUNGAI BULOH
Lot 2380 Jalan 1A/1
Bandar Baru Sungai Buloh
47000 Sungai Buloh, Selangor.
Tel : 03-6156 7207 / 6156 7208
Fax : 03-6156 7209 / 6140 1531
AGROBANK SALAK TINGGI
No. E 061 & E 071, Block No. E
Phase 1B, Cosmoplex Salak Tinggi
43900 Sepang, Selangor.
Tel : 03-8706 2153 / 8706 2154
Fax : 03-8706 3032
AGROBANK TELUK PANGLIMA
GARANG
168, Jalan Utama 2
Taman Jaya Utama
42500 Teluk Panglima Garang
Selangor.
Tel : 03-3122 0980 / 3122 0982
Fax : 03-3122 0984
AGROBANK KUALA SELANGOR
No. 23 & 25, Jalan Yu 1, Taman Yu,
Sungai Buloh
45800 Jeram, Selangor.
Tel : 03-3264 8620 / 3264 7704
Fax : 03-3264 8096
AGROBANK SUBANG JAYA
No. 79, Jalan SS 19/6
47500 Subang Jaya, Selangor.
Tel : 03-5632 9578 / 5632 9579
Fax : 03-5632 0856
AGROBANK SABAK BERNAM
(KIOSK)
No. 82A & 83A, Jalan Menteri,
45200 Sabak Bernam, Selangor.
Tel : 03-3216 2673 / 3216 2488
Fax : 03-3216 2566
Pahang
AGROBANK MARAN
No. 49, Bangunan LKNP,
Jalan Bandar Baru,
26500 Maran, Pahang.
Tel : 09-4771 591
Fax : 09-4771 066
AGROBANK SRI JAYA (KIOSK)
No. 11, Taman Mas
Kampung Sri Jaya
26500 Maran, Pahang.
Tel : 09-4789 859
Fax : 09-4789 859
AGROBANK KUANTAN
No. 57, Jalan Tun Ismail
25000 Kuantan, Pahang.
Tel : 09-5158 164 / 5156 853
Fax : 09-5156 768
AGROBANK BANDAR TUN
RAZAK
KTR- 007 & 008 Kedai Dara,
26900 Bandar Tun Razak, Pahang.
Tel : 09-4458 398
Fax : 09-4458 399
AGROBANK KUALA KRAU
(KIOSK)
No. 14 Jalan Besar,
Kuala Krau,
28050 Temerloh, Pahang.
Tel : 09-2861588/09-2861129
Fax : 09-2861309
AGROBANK KUALA ROMPIN
No.20 Bandar Baru
26800 Kuala Rompin, Pahang.
Tel : 09-4145 343 / 4145 122
Fax : 09-4145 192
AGROBANK BENTONG
No. 49 Jalan Loke Yew
28700 Bentong, Pahang.
Tel : 09-2221 178
Fax : 09-2226 086
AGROBANK RAUB
No. 43, Jalan Dato Abdullah.
27600 Raub, Pahang.
Tel : 09-3551 750 / 3553 780
Fax : 09-3555 099
AGROBANK JERANTUT
Lot 1 Seksyen 1,
Bangunan Yayasan Pahang
27000 Jerantut, Pahang.
Tel : 09-2662 966
Fax : 09-2662 554
PAHANG
Tingkat 1, No. 57, Jalan Tun Ismail,
Tel : 09-5156 842 / 5156 933 /
5150 243
Fax : 09-5157524
AGROBANK TEMERLOH
F- 58, Jalan Tok Muda Awang Ngah
Bandar Baru
28000 Temerloh, Pahang.
Tel : 09-2961 877 / 2961 231 /
2960 361
Fax : 09-2963 851
AGROBANK KUALA LIPIS
No. 95A & 95B, Lot 95
Bandar Baru Seberang Jelai
27200 Kuala Lipis, Pahang.
Tel : 09-3126 694 / 3126 695
Fax : 09-3126 790
AGROBANK TRIANG
No 36, Jalan Dagangan 7,
Pusat Dagangan Triang,
28300 Triang, Pahang.
Tel : 09-2558 570/ 2557 696/ 255
7699
Fax : 09-2551 114
AGROBANK PEKAN
No. 1, Lorong Perdagangan 1
Pusat Perdagangan
Jalan Engku Muda Mansor
26600 Pekan, Pahang.
Tel : 09-4222722 / 09-4222922
Fax : 09-4222022
AGROBANK JENGKA
Lot 8&9, Lorong Baiduri, Nadi Kota
26400 Bandar Jengka, Pahang.
Tel : 09-4663 942
Fax : 09-4663 941
AGROBANK SUNGAI RUAN
(KIOSK)
No. 573, Jalan Besar
27500 Sungai Ruan, Pahang.
Tel : 03-3689 062
Fax : 03-3686 312
AGROBANK MENTAKAB (KIOSK)
No. 129 Jalan Temerloh
28400 Mentakab, Pahang.
Tel : 09-2779 740
Fax : 09-2779 742
AGROBANK CHEROH
(AGRO CORNER)
No. 2, Gerai Majlis Daerah,
27620 Raub, Pahang.
Tel : 09-3697 820
Fax : 09-3697 185
AGROBANK TRAS
(AGRO CORNER)
No. 27, Jalan Besar,
27600 Raub, Pahang.
Tel : 09-3615 590
Fax : 09-3615 700
AGROBANK LANCHANG
(AGRO CORNER)
No. 32, Jln Dato’ Syed Abdullah 1,
28500 Lanchang, Pahang.
Tel : 09-280 3167
Fax : 09-280 3168
AGROBANK UTC PAHANG
(AGRO CORNER)
Tingkat 2, Bangunan UTC Pahang,
Jalan Stadium
Tel : 09-5124 011
Fax : 09-5124 010
265
Negeri Sembilan / Melaka
AGROBANK NEGERI NEGERI
SEMBILAN/MELAKA/JOHOR
Blok 13-2, Seremban City Centre
Jalan Pasar Besar
70000 Seremban, Negeri Sembilan.
Tel : 06-7625 476 / 7615 218 /
7610 528
Fax : 06-7620 744
AGROBANK SEREMBAN
Blok 13-G, Seremban City Centre
Jalan Pasar Besar
70000 Seremban, Negeri Sembilan.
Tel : 06-7639 541 / 7624 875
Fax : 06-7628 152
AGROBANK PORT DICKSON
No. 925, Jalan Lama
71000 Port Dickson
Negeri Sembilan.
Tel : 06-6473 427 / 6474107
Fax : 06-6475 324
AGROBANK KUALA PILAH
Lot 3 & 4, Jalan Raja Melewar
72000 Kuala Pilah
Negeri Sembilan.
Tel : 06-4811 251 / 4814 251 /
4843 911
Fax : 06-4814 727
AGROBANK KUALA KLAWANG
No. 204, Jalan Pertang
71600 Kuala Klawang
Negeri Sembilan.
Tel : 06-6136 433 / 6137 375
Fax : 06-6137 595
266
AGROBANK NILAI
PT 4698 Jalan TS 1/1
Taman Semarak
71800 Nilai, Negeri Sembilan.
Tel : 06-7993 455 / 7993 473
Fax : 06-7993 480
AGROBANK MERLIMAU
Lot JC 108, Jalan BMU 2
Bandar Baru Merlimau Utara
77300 Merlimau, Melaka.
Tel : 06-2633 587 / 2633 615
Fax : 06-2633 622
AGROBANK BAHAU
No. 18 & 19 Jalan Kiara 1
Pusat Perniagaan Kiara
72100 Bahau, Negeri Sembilan.
Tel : 06-4543 352 / 06-4546 508 /
06-4549 518 / 06-4549 513
Fax : 06-4544 690
AGROBANK PASIR PANJANG
(AGRO CORNER)
No. 54, Jalan Besar
71250 Pasir Panjang
Port Dickson, Negeri Sembilan.
Tel : 06-6619 920 / 6610 379
Fax : 06-6610 360
AGROBANK MELAKA
Wisma Dato’ Haji Mohamad
Jalan Hang Tuah
75300 Melaka.
Tel : 06-2844 537 / 2844 519
Fax : 06-2839 754
AGROBANK SIMPANG DURIAN
(AGRO CORNER)
No. 15, Pekan Desa Permai
72400 Simpang Durian
Negeri Sembilan.
Tel : 06-4914 633
Fax : 06-4914 009
AGROBANK ALOR GAJAH
No. 1, Kompleks Perniagaan
78000 Alor Gajah, Melaka.
Tel : 06-5562 600 / 5562 719
Fax : 06-5565 327
AGROBANK JASIN
JA 1763, Bandar Baru Jasin
77000 Jasin, Melaka.
Tel : 06-5295 324 / 5293 413 /
5296 091
Fax : 06-5295 325
Johor
AGROBANK NEGERI JOHOR
No. 66 Susur 1
Jalan Tun Abdul Razak
Kompleks Medan Cahaya
80000 Johor Bahru, Johor.
Tel : 07-2279 576 / 2247 788 /
2237 201
Fax : 07-2237 377
AGROBANK JOHOR BAHRU
No. 30 & 32, Jln Padi Emas 6/1
Bandar Baru Uda
81200 Johor Bahru, Johor.
Tel : 07-2344761 / 07-2344762
Fax : 07-2344751 / 07-2344759
AGROBANK MUAR
No. 63-1, Jalan Ali
84000 Muar, Johor.
Tel : 06-9523 446/9515 625
Fax : 06-9511 400
AGROBANK BATU PAHAT
No. 4 & 5, Jalan Mengkudu
Taman Makmur
83000 Batu Pahat, Johor.
Tel : 07-4342 182/4348 281
Fax : 07-4310 202
AGROBANK SEGAMAT
No. 52, Jalan Susur Genuang,
Kg. Abdullah
85000 Segamat, Johor.
Tel : 07-9312 346/9312 327
Fax : 07-9321 046
AGROBANK PONTIAN
No. 660-1, Jalan Taib
Wisma Rokijah
82000 Pontian, Johor.
Tel : 07-6871 955 / 6871 958
Fax : 07-6874 290
AGROBANK RENGIT
No. 75 & 76, Jalan Besar
83100 Rengit
Tel : 07-4241 304 / 4242 523
Fax : 07-4242 367
AGROBANK KOTA TINGGI
No. 16 & 18, Jalan Niaga 2
Pusat Perdagangan Kota Tinggi
81900 Kota Tinggi, Johor.
Tel : 07-8832 042 / 8833 471
Fax : 07-8831 050
AGROBANK MERSING
No. 74, Jalan Ismail
86800 Mersing, Johor.
Tel : 07-7991 434 / 7992 988
Fax : 07-7994 022
AGROBANK KLUANG
No. 60, Jalan Duku
86000 Kluang, Johor.
Tel : 07-7722 436 / 7721 800
Fax : 07-7736 170
AGROBANK LABIS
No. 92 & 94, Jalan Segamat
85300 Labis, Johor.
Tel : 07-9254 417 / 9254 418
Fax : 07-9254 416
AGROBANK BUKIT GAMBIR
No. 1, Jalan Gambir 5
Bandar Baru Bukit Gambir
84800 Ledang, Johor.
Tel : 06-9762 305 / 9762 315
Fax : 06-9762 084
AGROBANK KULAI
No. 23, Jalan Putra 1
Bandar Putra
81000 Kulai Jaya, Johor.
Tel : 07-6639 863
Fax : 07-6639 866
AGROBANK SIMPANG RENGGAM
(KIOSK)
No. 5, Jalan Kijang
Taman Mohd Yassin
86200 Simpang Renggam, Johor.
Tel : 07-7559 890 / 7558 600
Fax : 07-7558 304
AGROBANK TANGKAK
No. 3A & 5, Jalan Muar,
Pusat Perniagaan Naib Long
84900 Tangkak, Johor.
Tel : 06-9786 401 / 9786 402
Fax : 06-9786 400
AGROBANK PARIT YUSOF
(KIOSK)
12, Jalan Parit Yusof
83600 Batu Pahat, Johor.
Tel : 07-4163 479
AGROBANK FELDA TENGGAROH 2
(KIOSK)
No. 1A, Bangunan IKS
Bangunan Tenggaroh 2
86810 Mersing, Johor.
Tel : 07-7911 045 / 7911 090
Fax : 07-7911 143
AGROBANK PAGOH (KIOSK)
No. 163-3, Tingkat Bawah
Jalan Sekolah
Pekan Pagoh
84600 Muar, Johor.
Tel : 06-9746 322 / 06-9746 351
Fax : 06-9746 412
AGROBANK YONG PENG (KIOSK)
No. 3 Jalan Besar
83700 Yong Peng, Johor.
Tel : 07-4674 858 / 4677 300
Fax : 07-4675 654
267
Perak
PERAK
No. 15 & 17, Tingkat 2 & 3
Persiaran Greentown 5
Pusat Perdagangan Greentown
30450 Ipoh, Perak.
Tel : 05-2559 380 / 2559 394 /
2559 964
Fax : 05-2423 518
AGROBANK IPOH
No. 15 & 17, Ting. Bawah & 1
Persiaran Greentown 5
Pusat Perdagangan Greentown
30450 Ipoh, Perak.
Tel : 05-2548 742 / 2540 840 /
2556 094
Fax : 05-2424 715
AGROBANK TELUK INTAN
No. 42, Medan Mahkota
Jalan Pasar
36000 Teluk Intan, Perak.
Tel : 05-6222 644 / 6226 816 /
6218 400
Fax : 05-6215 986/6229 489
268
AGROBANK BAGAN SERAI
No. 106 & 108, Jalan Besar
34300 Bagan Serai, Perak.
Tel : 05-7215 377 / 7215 376 /
721 2376
Fax : 05-721 2 414 / 721 2601
AGROBANK TAIPING
No. 37, Ting. Bawah dan Satu
Market Square
34000 Taiping, Perak.
Tel : 05-8089 834 / 8089 835
Fax : 05-8089 837
AGROBANK PANTAI REMIS
No. 2190, Jalan Besar
34900 Pantai Remis, Perak.
Tel : 05-6771 725 / 6772 352
Fax : 05-6771 892
AGROBANK SRI ISKANDAR
No. 8, Persiaran Dataran 1, Bandar
Sri Iskandar
32600 Sri Iskandar.
Tel : 05-3712 743 / 3712 745
Fax : 05-3712 744
AGROBANK KUALA KANGSAR
No. K6 & K7, Jalan Bendahara
Bandar Baru
33000 Kuala Kangsar, Perak.
Tel : 05-7761 155 / 7763 149 /
7766 682
Fax : 05-7762 922
AGROBANK SITIAWAN
No. 109 & 110, Taman Sejati 2
Jalan Lumut
32000 Sitiawan, Perak.
Tel : 05-6917 490 / 6917 487 /
6924 540
Fax : 05-6917 061
AGROBANK KAMPAR
No. 46, Jalan Balai
31900 Kampar
Tel : 05-4666 009 / 4666 010
Fax : 05-4666 016
Pulau Pinang
AGROBANK BUTTERWORTH
No. 49, Jalan Selat
Taman Selat
12000 Butterworth, Pulau Pinang.
Tel : 04-3314 539 / 3314 540
Fax : 04-3316 923
AGROBANK KEPALA BATAS
No. 1 & 3, Jalan Bertam
13200 Kepala Batas, Pulau Pinang.
Tel : 04-5751 422 /5755 906
Fax : 04-5755 232
AGROBANK BAYAN BARU
No. 16 & 18 Jalan Tengah
Taman Penanti
11900 Bayan Baru, Pulau Pinang.
Tel : 04-6443 604 / 6452 395 /
6464 579
Fax : 04-6446 052 / 6452395
AGROBANK NIBONG TEBAL
No. 1695 & 1696 Jalan Besar
14300 Nibong Tebal, Pulau Pinang.
Tel : 04-5931 144 / 5933 451
Fax : 04-5933 992
AGROBANK BALIK PULAU
No. 858-E, Jalan Besar
Taman Seri Indah
11000 Balik Pulau, Pulau Pinang.
Tel : 04-8660 912 / 8666 021
Fax : 04-8660 686
AGROBANK BUKIT MERTAJAM
No. 3341 & 3342, Jalan Pusat
Perniagaan Alma
14000 Bukit Mertajam
Pulau Pinang.
Tel : 04-5512 300 / 5512 301
Fax : 04-5512 302
AGROBANK TELUK BAHANG
(KIOSK-AGRO BANKING
CENTRE)
48-0-6, Jalan Hassan Abbas
11050 Teluk Bahang
Pulau Pinang.
Tel : 04-8852 657
Fax : 04-8851 640
AGROBANK TASEK GELUGOR
(KIOSK)
Lot 7, No. 3025
Jalan Hashim Awang
Taman Gelugor Indah
13300 Tasek Gelugor
Seberang Perai Utara
Pulau Pinang.
Tel : 04-5733832 / 04-5732775
Fax : 04-5731981
AGROBANK BATU MAUNG
(KIOSK)
No. 21-1, Lintang Batu Maung 1,
11960 Bayan Lepas, Pulau Pinang.
Tel : 04-6264150
Fax : 04-6262517
AGROBANK PENANTI (KIOSK)
No. 15, Jalan Penanti 1
Taman Penanti
14000 Bukit Mertajam
Pulau Pinang.
Tel : 04-5213 651
Fax : 04-5212 258
269
Kedah/Perlis
AGROBANK ALOR SETAR
1518-A, Jln Tunku Ibrahim
Peti Surat 95
05710 Alor Star, Kedah.
Tel : 04 –7332 545 / 04-7332 558 /
04-7310 952
Fax : 04 –7307813
AGROBANK KODIANG
No. 81 E, Jalan Jitra
06100 Kodiang, Kedah.
Tel : 04 – 9255 137 / 04-9255 166
Fax : 04 – 9255 896
AGROBANK GUAR CHEMPEDAK
Lot 318, Jalan Yan
Pekan Guar Cempedak
08800 Guar Cernpedak, Kedah.
Tel : 04 – 4686 280 /04-4687 281
Fax : 04 – 4687 986
AGROBANK BALING
Blok B, Kompleks IADP
Daerah Baling
09100 Baling, Kedah.
Tel : 04 – 4701 342 /04-4701 722 /
04-4704 628
Fax : 04 – 4702 333
AGROBANK LANGKAWI
No. 20 & 22, Jln. Pandak Mayah 4
Pusat Bandar Kuah
07000 Langkawi, Kedah.
Tel : 04 – 9666 931/04-9668 076 /
04-9662 990
Fax : 04 – 9666 830
AGROBANK SUNGAI PETANI
No. 12 & 13, Jln PPZ 1
Pusat Perniagaan Zamrud
08000 Sungai Petani, Kedah.
Tel : 04 – 4218 608 / 04-4215 780
Fax : 04 – 4426 310
270
AGROBANK JITRA
No. 95A & B, Jalan PJ 3
Kompleks Pekan Jitra 2
06000 Jitra, Kedah.
Tel : 04 – 9170 120 /04-9170 121
Fax : 04 – 9170 411
AGROBANK KUALA PERLIS
(KIOSK)
No. 24 Jalan Besar
02000 Kuala Perlis, Perlis.
Tel : 04-9855 550 / 04-9851 215
Fax : 04-9855 778
AGROBANK PENDANG
Tingkat Bawah
Kompleks Perniagaan
Majlis Daerah Pendang
06700 Pendang, Kedah.
Tel : 04 – 7596 163 /04-7596 446
Fax : 04 – 7596 458
AGROBANK SERDANG
(AGRO CORNER)
No. 20, Tingkat Bawah Bangunan
Rumah Kedai MDBB
Jalan Bekas Lombong
09800 Serdang, Kedah.
Tel : 04-4078909
AGROBANK SIK
No. 438, Jalan Tunku lbrahim
08200 Sik, Kedah.
Tel : 04 – 4695 282 /04-4695 059
Fax : 04 – 4695 775
AGROBANK KUALA NERANG
No. 4, Mukim Belimbing
Padang Terap
06300 Kuala Nerang, Kedah.
Tel : 04 – 7866 433 / 04-7868 334
Fax : 04 – 7866 390
AGROBANK SIMPANG EMPAT
Lot 1658, Mukim Kayang,
02700 Simpang Empat, Perlis.
Tel : 04-9807 234 / 04-9807 763
Fax : 04-9807 807
AGROBANK KANGAR
No. 25, Jalan Indera Kayangan
01000 Kangar, Perlis.
Tel : 04-9768 479 / 04-9768 477
Fax : 04-9768 482
AGROBANK KULIM
No. 4 Kompleks PKNK
Jalan Tengku Mohd Asaad
09000 Kulim, Kedah.
Tel : 04-4908 015 / 04-4908 017
Fax : 04-4908 016
Terengganu
AGROBANK KUALA
TERENGGANU
No. 106, Jalan Sultan Ismail
20200 Kuala Terengganu
Terengganu.
Tel : 09-6222 044 / 6222 126 /
6220 139
Fax : 09-6220 479
AGROBANK DUNGUN
K-42, Jalan Haji Zainal Abidin
23000 Dungun, Terengganu.
Tel : 09-8481 146 / 8482 127
Fax : 09-8483 698
AGROBANK JERTEH
Lot 182, Jalan Tuan Hitam
22000 Jerteh, Terengganu.
Tel : 09-6971 261 / 6971 443 /
6972 400
Fax : 09-6972 196
AGROBANK KEMAMAN
No. KCP 55, Jalan Sulaimani
Business Centre Point
24000 Kemaman, Terengganu.
Tel : 09-8593 455 / 8593 254
Fax : 09-8595 757
AGROBANK KUALA BERANG
No. 344 Jalan Besar
21700 Kuala Berang, Terengganu.
Tel : 09-6811 434 / 6811 433 /
6813 419
Fax : 09-6811 806
AGROBANK MARANG (KIOSK)
Lot 2
Rumah Kedai MARA
21600 Marang, Terengganu.
Tel : 09-6182 771 / 6183 477
Fax : 09-6182 809
AGROBANK CENEH BARU
No. 3, Bandar Baru Ceneh
Tel : 09-8730 454 / 09-8730 578
Fax : 09-8730 461
AGROBANK KUALA BESUT
(KIOSK)
PT 2833, Rumah Kedai
Jalan Semarak
22300 Kuala Besut, Terengganu.
Tel : 09-6974 885
Fax : 09-6904 936
AGROBANK BUKIT PAYONG
PT92, Perkedaian Bukit Payong,
Fasa 2, 21400 Marang, Terengganu.
Tel : 09-6191006/09-6191925
Fax : 09-6190934/6191811
AGROBANK BANDAR
PERMAISURI (KIOSK)
No. 3 Tingkat Bawah
Bangunan MDS
22100 Setiu, Terengganu.
Tel : 09-6099 735
Fax : 09-6099 162
271
Kelantan
AGROBANK NEGERI KELANTAN
Tingkat 2, Seksyen 12
Jalan Padang Garong
15000 Kota Bharu, Kelantan.
Tel : 09-7487 684 / 7481 295 /
7476 733
Fax : 09-7471 521
AGROBANK KOTA BHARU
Seksyen 12, Jalan Padang Garong
Tel : 09-7481 211 /7440 134 /
7462 616
Fax : 09-7462 143
AGROBANK KUALA KRAI
Lot 1520
Jalan Tengku Zainal Abidin
18000 Kuala Krai, Kelantan.
Tel : 09-9666 116 / 9663 436
Fax : 09-9660 634/9663 349
AGROBANK PASIR PUTEH
2988-B, Lot 471
Jalan Sekolah Keb. Lelaki
16800 Pasir Puteh, Kelantan.
Tel : 09-7867 311 / 7866 258
Fax : 09-7867 130
AGROBANK BACHOK
Lot 294, Bandar Bachok
16300 Bachok, Kelantan.
Tel : 09-7788 393 / 7788804
Fax : 09-7789977/7788807
AGROBANK PASIR MAS
Lot 308, 128 & 129
Jalan Pasir Pekan
17000 Pasir Mas, Kelantan.
Tel : 09-7909 098 / 7900 544
Fax : 09-7900 688
272
AGROBANK TANAH MERAH
Lot 219 & 220, Jalan Hospital,
17500 Tanah Merah, Kelantan.
Tel : 09-9556100 / 9557 287
Fax : 09-9556 169
AGROBANK TUMPAT
No. 127 Jalan Hulu Pasar
16200 Tumpat, Kelantan.
Tel : 09-7258 279
Fax : 09-7258 278
AGROBANK JELI
Lot PT 1527 Jalan Kuala Balah
17600 Bandar Baru Jeli, Kelantan.
Tel : 09-9440 252 / 9440 886
Fax : 09-9440 469
AGROBANK RANTAU PANJANG
(KIOSK)
PT 199 Kompleks Perkedaian Baru
17200 Rantau Panjang, Kelantan.
Tel : 09-7950 520 / 7950 877
Fax : 09-7950 160
AGROBANK GUA MUSANG
PT 8288 & 8289, Wisma Galas,
18300 Gua Musang, Kelantan.
Tel : 09-9122 542 / 9122 244
Fax : 09-9122 949
AGROBANK KUBANG KERIAN
PT 1662 & PT 1663
Bangunan Yakin
Jalan Raja Perempuan Zainab II
Kenali, Kubang Kerian
Tel : 09-7640 532 / 7640 533 /
7640 630
Fax : 09-7640 529
AGROBANK RTC KOTA BHARU
Rural Tranformation Centre
Lot Bank 2, Aras G
Pejabat Pentadbiran TEMAN
Lot 3309, Batu 4
Lebuhraya Pasir Mas-Salor
Tel : 09-7433 067 / 7433 271 /
7444 303
Fax : 09-7433354
AGROBANK MACHANG (KIOSK)
Lot PT(B) 145, Jalan Pasir Puteh
Bandar Baru
18500 Machang, Kelantan.
Tel : 09-9753 391
Fax : 09-9751 480
AGROBANK JELAWAT (KIOSK)
PT 94, Pekan Jelawat
16370 Bachok, Kelantan.
Tel : 09-7783 075
Fax : 09-7780 957
AGROBANK PASAR SITI
KHADIJAH (AGRO CORNER)
Tingkat 1
Pasar Besar Siti Khadijah
Buluh Kubu
Tel : 09-7461 198
Terengganu
AGROBANK KUALA
TERENGGANU
No. 106, Jalan Sultan Ismail
20200 Kuala Terengganu
Terengganu.
Tel : 09-6222 044 / 6222 126 /
6220 139
Fax : 09-6220 479
AGROBANK DUNGUN
K-42, Jalan Haji Zainal Abidin
23000 Dungun, Terengganu.
Tel : 09-8481 146 / 8482 127
Fax : 09-8483 698
AGROBANK JERTEH
Lot 182, Jalan Tuan Hitam
22000 Jerteh, Terengganu.
Tel : 09-6971 261 / 6971 443 /
6972 400
Fax : 09-6972 196
AGROBANK KEMAMAN
No. KCP 55, Jalan Sulaimani
Business Centre Point
Tel : 09-8593 455 / 8593 254
Fax : 09-8595 757
AGROBANK KUALA BERANG
No. 344 Jalan Besar
21700 Kuala Berang, Terengganu.
Tel : 09-6811 434 / 6811 433 /
6813 419
Fax : 09-6811 806
AGROBANK MARANG (KIOSK)
Lot 2
Rumah Kedai MARA
21600 Marang, Terengganu.
Tel : 09-6182 771 / 6183 477
Fax : 09-6182 809
AGROBANK CENEH BARU
No. 3, Bandar Baru Ceneh
Tel : 09-8730 454 / 09-8730 578
Fax : 09-8730 461
AGROBANK KUALA BESUT
(KIOSK)
PT 2833, Rumah Kedai
Jalan Semarak
22300 Kuala Besut, Terengganu.
Tel : 09-6974 885
Fax : 09-6904 936
AGROBANK BUKIT PAYONG
PT92, Perkedaian Bukit Payong,
Fasa 2, 21400 Marang, Terengganu.
Tel : 09-6191006/09-6191925
Fax : 09-6190934/6191811
AGROBANK BANDAR
PERMAISURI (KIOSK)
No. 3 Tingkat Bawah
Bangunan MDS
22100 Setiu, Terengganu.
Tel : 09-6099 735
Fax : 09-6099 162
273
Sabah
BUSINESS CENTRE SABAH
Tingkat 2, No. 135 Jalan Gaya,
Beg Berkunci 145
88994 Kota Kinabalu, Sabah.
Tel : 088-288 237 / 288 228 /
288 211 / 267 071
Fax : 088-288 222
AGROBANK KOTA KINABALU
No. 135, Jalan Gaya
Beg Berkunci 145
88994 Kota Kinabalu, Sabah.
Tel : 088-288 288 / 288 283 /
288 200 / 288 285
Fax : 088-288 280
AGROBANK TAWAU
No. 7 Block N, Jalan Dunlop
Bandar Sabindo, Peti Surat 60157
91011 Tawau, Sabah.
Tel : 089-773 222 / 773 291 /
773 294 / 770 202
Fax : 089-765 677
AGROBANK SANDAKAN
Menara Rickoh, Tingkat Bawah
Indah Commercial Complex
Bandar Indah, Mile 4 North Road
90715 Sandakan, Sabah.
Tel : 089-275 958 / 275 524
Fax : 089-216 705
274
AGROBANK KENINGAU
Block D, Lot 1, Keningau Plaza
Peti Surat No. 2065
89009 Keningau, Sabah.
Tel : 087-334 353/333 373/331 353
Fax : 087-332 487
AGROBANK LAHAD DATU
MDLD 4155, Lot 58, Tingkat 1 & 2
Bandar Wilayah, Jalan Bunga Raya
91110 Lahad Datu, Sabah.
Tel : 089-882 561 / 888 562
Fax : 089-882 291
AGROBANK KOTA BELUD
Lot 3 & 4, Blok E, Pekan Baru
89150 Kota Belud, Sabah.
Tel : 088-977 141 / 975 125 /
975 137/975 145
Fax : 088-977 152
AGROBANK BEAUFORT
Lot 13 & 13A
Ground & First Floor, Blok B
New Beaufort Jaya
Peti Surat 506
89800 Beaufort, Sabah.
Tel : 087-201 301 / 201 305 /
201 303 / 201 306
Fax : 087-201 302
AGROBANK KOTA MARUDU
Blok D, Lot 22 Pekan Baru Goshen
89100 Kota Marudu, Sabah.
Tel : 088-661 793 / 663 021
Fax : 088-662 325
AGROBANK KOTA
KINABATANGAN
Block A, Lot 1 & 2
Kota Kinabatangan, New Township
90200 Kota Kinabatangan, Sabah.
Tel : 089-562 087 /
089-562 088 /
089-562 089 /
089-562 091
Fax : 089-562 093
Sarawak
BUSINESS CENTRE SARAWAK
Tingkat 2 & 3
Lot 518 (No. 15H), Section 6 KTLD
Jalan Kulas Tengah
93400 Kuching, Sarawak.
Tel : 082-424 577 / 429 077 /
241 652 / 235 091
Fax : 082 243 363 / 082-231 537
AGROBANK MIRI
Lot 1305, Ground & First Floor
Centre Point Commercial Centre
Jalan Melayu
98000 Miri, Sarawak.
Tel : 085-411 801 / 411 818 /
411 802
Fax : 085-420 986
AGROBANK KUCHING
Tingkat Bawah & Tingkat 1
Lot 518 (No. 15H), Section 6 KTLD
Jalan Kulas Tengah
93400 Kuching, Sarawak.
Tel : 082-410 126 / 410 827 /
410 671 / 410 419
Fax : 082-243 798 / 082-235 368
AGROBANK BINTULU
No. Lot 227, Sub Lot 31
Parkcity Commerce Square Phase 3
Jalan Tun Ahmad Zaidi
97000 Bintulu, Sarawak.
Tel : 086-330 015 / 330 016
Fax : 086-330 017
AGROBANK SARIKEI
No. 39, Lot 74, Jln. Haji Karim
Peti Surat 429
96107 Sarikei, Sarawak.
Tel : 084-654 334 / 654 326
Fax : 084-653 677
AGROBANK LAWAS
Lot 324, Jalan Trusan
Peti Surat 197
98857 Lawas, Sarawak.
Tel : 085-285 762 / 285 064
Fax : 085-285 055
AGROBANK SIBU
No. 10D & 10E
Jalan Kampung Datu
96000 Sibu, Sarawak.
Tel : 084-325 199 / 323 188 /
327 648
Fax : 084-323777
AGROBANK SRI AMAN
Sub Lot No. 8, Lot 1530, Blok 3
Jalan Sabu, Peti Surat 354
95008 Sri Aman, Sarawak.
Tel : 083-321 788 / 320 839 /
327 944 / 327 946
Fax : 083-320 923
AGROBANK LIMBANG
Lot 1405, Jalan Buangsiol
98700 Limbang, Sarawak.
Tel : 085-213 076 / 213 077 /
215 224
Fax : 085-213 487
AGROBANK MUKAH
Sub Lot 59, Medan Setia Raja
96400 Mukah, Sarawak.
Tel : 084-874 048 / 874 049
Fax : 084-874 050
AGROBANK KAPIT
Lot 353 & 354
Jalan Yong Moo Chai
Peti Surat 355
96807 Kapit, Sarawak.
Tel : 084-797 144 / 799 972 /
799 155
Fax : 084-797 006
AGROBANK SERIAN
Lot 291, Serian Bazaar
6Ɉ:LYPHU)`7HZZ
94700 Serian, Sarawak.
Tel : 082-876 823 / 876 824
Fax : 082-876 825
AGROBANK SARATOK
No. 20, Lot 636, Pekan Saratok
95400 Saratok, Sarawak.
Tel : 083-437 328 / 437 337
Fax : 083-437 326
AGROBANK BETONG
Sublot 60, Bandar Baru Betong,
95700 Betong, Sarawak.
Tel : 083-472 382 / 472 584
Fax : 083-472 593
AGROBANK SIMUNJAN (KIOSK)
No.2, Lot 139, Jalan Nanas
94800 Simunjan, Sarawak.
Tel : 082-803 812 / 803 629
Fax : 082-803 695
AGROBANK SELANGAU (KIOSK)
Sub Lot No. 35,
Lot 95, Blok 14,
Selangau New Town Phase 2,
96008 Sibu, Sarawak.
Tel : 084-891 189
Fax : 084-891 142
AGROBANK PUSA (KIOSK)
Sublot 5, Lot 1031,
Block 6, Sablor Land District,
94950 Pusa, Sarawak.
Tel : 083-465 326 / 083-465 327
Fax : 083-465 328
AGROBANK DARO (KIOSK)
Tingkat Bawah (Sublot No. 35),
Lot 158, Jalan Bazaar,
96200 Daro, Sarawak.
Tel : 084-823 819
Fax : 084-823 820
AGROBANK LUBOK ANTU
(KIOSK)
No. 163, Lubok Antu Town District,
95900 Lubok Antu, Sarawak.
Tel : 083-584 042 / 584 043 /
584 044
Fax : 083-584 016
275
Sarawak
AGROBANK JULAU
(AGRO CORNER)
Tingkat 1
Majlis Daerah Maradong & Julau
Pejabat Cawangan Julau
96600 Julau, Sarawak.
Tel : 084-734 013
Fax : 084-734 045
AGROBANK MATU
(AGRO CORNER)
Majlis Daerah Matu-Daro
Bangunan Datuk Pengiran Hipni
Jalan Datuk Pengiran Hipni
96250 Matu, Bahagian Mukah
Sarawak.
Tel : 084-832 166
Fax : 084-832 136
AGROBANK PAKAN
(AGRO CORNER)
Pejabat Daerah Pakan
96510 Pakan, Sarawak.
Tel : 013-5750242
(Rohaizanizam Bin Hamzah)
AGROBANK SPAOH
(AGRO CORNER)
Ground Floor
Pejabat Daerah Kecil Spaoh
95600 Spaoh, Sarawak.
Tel : 083-473 035 / 473 036
Fax : 083-473 037
276

Annual Report 2013

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