Affin Bank Berhad | Annual Report 2020

230 ORGANISATION EXECUTIVE SUMMARY CORPORATE GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION The Group The Bank 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 ASSETS Cash and short-term funds 2 5,461,365 4,605,357 1,887,584 2,317,369 Deposits and placements with banks and other financial institutions 3 50,058 - - 41,368 Investment accounts due from designated financial institutions 4 - - 1,743,308 1,912,415 Financial assets at fair value through profit or loss (‘FVTPL’) 5 698,266 662,132 227,923 170,216 Derivative financial assets 6 388,294 164,868 231,182 118,225 Financial investments at fair value through other comprehensive income (‘FVOCI’) 7 13,034,053 12,496,846 6,587,330 6,373,844 Financial investments at amortised cost (‘AC’) 8 143,037 145,066 361,708 100,499 Loans, advances and financing 9 45,492,878 45,387,865 25,165,425 25,730,059 Trade receivables 10 920,417 534,388 - - Other assets 11 269,620 159,950 141,481 60,883 Amount due from subsidiaries 12 - - 299,864 1,318 Amount due from joint ventures 13 15,073 28,402 - - Amount due from associates 14 30,885 31,787 30,885 30,887 Tax recoverable 101,675 121,595 89,480 67,940 Deferred tax assets 15 113,521 22,520 54,607 12,690 Statutory deposits with Bank Negara Malaysia 16 103,267 1,534,777 84,267 857,377 Investment in subsidiaries 17 - - 3,053,899 3,053,899 Investment in joint ventures 18 180,398 171,913 194,240 178,940 Investment in associates 19 715,716 659,527 548,482 548,482 Property and equipment 20 832,381 641,867 805,142 607,322 Right-of-use assets 21 81,870 57,709 62,875 43,416 Intangible assets 22 903,750 914,693 202,212 202,670 TOTAL ASSETS 69,536,524 68,341,262 41,771,894 42,429,819 LIABILITIES AND EQUITY Deposits from customers 23 49,884,360 51,088,962 27,407,977 30,135,250 Investment accounts of customers 24 2,151 1,447 - - Deposits and placements of banks and other financial institutions 25 3,720,360 1,763,252 2,407,852 646,085 Derivative financial liabilities 26 389,819 186,791 228,089 136,439 Bills and acceptances payable 67,010 32,903 67,010 32,903 Recourse obligation on loans/financing sold to Cagamas Berhad 27 50,034 - - - Trade payables 28 921,392 787,563 - - Lease liabilities 29 50,528 58,650 31,842 44,219 Other liabilities 30 1,460,716 1,398,837 550,162 418,548 Amount due to subsidiaries 31 - - 2,229 55,899 Provision for taxation 6,240 41 - - Deferred tax liabilities 15 1,363 19,080 - - Borrowings 32 3,345,455 3,607,143 2,548,241 2,548,379 TOTAL LIABILITIES 59,899,428 58,944,669 33,243,402 34,017,722 Share capital 33 4,902,300 4,774,772 4,902,300 4,774,772 Reserves 34 4,664,211 4,562,398 3,626,192 3,637,325 EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANK 9,566,511 9,337,170 8,528,492 8,412,097 Non-controlling interest 70,585 59,423 - - TOTAL EQUITY 9,637,096 9,396,593 8,528,492 8,412,097 TOTAL LIABILITIES AND EQUITY 69,536,524 68,341,262 41,771,894 42,429,819 COMMITMENTS AND CONTINGENCIES 50 36,250,193 30,851,233 20,209,442 19,679,897 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 The accounting policies and notes form an integral part of these financial statements.