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1. CORPORATE INFORMATION
Export-Import Bank of Malaysia Berhad is a public limited liability company, incorporated and domiciled in Malaysia. The
registered office and principal place of business of the Bank is located at Level 16, Exim Bank, Jalan Sultan Ismail, 50250
Kuala Lumpur.
The Bank is principally engaged in the business of conventional and Islamic banking in the promotion and support of export,
import and investment for the country’s development by granting credit, issuing guarantees and providing other related
services. The Bank is also engaged in the provision of export and domestic credit insurance takaful facilities and trade related
guarantees to Malaysian companies.
The principal activities of the subsidiaries are as stated in Note 13.
There have been no significant changes in the nature of the Group’s and Bank’s principal activities during the year.
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors
on 27 February 2014.
2. SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of preparation
The financial statements of the Group and the Bank have been prepared in accordance with Malaysian Financial Reporting
Standards (“MFRS”) as issued by the Malaysian Accounting Standard Board and the Companies Act 1965. The financial
statements comply with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting
Standards Board.
The financial statements of the Group and the Bank have been prepared under the historical cost convention, unless
otherwise stated in the accounting policies. The financial statements are presented in Ringgit Malaysia (“RM”), which
is the Group’s and the Bank’s functional currency, and all values are rounded to the nearest thousand (RM’000) except
when otherwise indicated.
2.2 Changes in accounting policies
The accounting policies adopted are consistent with those of the previous financial year except as follows:
On 1 January 2013, the Group and the Bank adopted the following new and amended MFRS and IC Interpretations
mandatory for annual financial period on or after 1 January 2013.
Description
Effective for annual periods beginning on or after
Amendments to MFRS 101: Presentation of Items of Other
Comprehensive Income
1 July 2012
MFRS 3 Business Combinations (IFRS 3 Business
Combinations issued by IASB in March 2004)
1 January 2013
MFRS 127 Consolidated and Separate Financial Statements
(IAS 27 revised by IASB in December 2003)
1 January 2013
MFRS 10 Consolidated Financial Statements
1 January 2013
MFRS 11 Joint Arrangements
1 January 2013
MFRS 12 Disclosure of Interests in Other Entities
1 January 2013
NOTES TOTHE
FINANCIAL STATEMENTS
31 DECEMBER 2013
EXIM Bank Annual Report 2013
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