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NOTESTOTHEFINANCIALSTATEMENTS
31 DECEMBER 2013
22. RETAINED PROFITS (CONT’D)
The Bank did not elect for the irrevocable option to disregard the 108 balance. Accordingly, during the transitional period,
the Bank may utilise the credit in the 108 balance to distribute cash dividend payments to ordinary shareholders as defined
under the Finance Act 2007. As at 31 December 2012, the Bank has sufficient credit in the 108 balance to pay franked
dividends out of its entire retained earnings. Any 108 balance which has not been utilised as at 31 December 2013 is
disregarded. Thereafter, the Bank may distribute dividends out of its entire retained earnings under the single tier system.
23. OPERATING REVENUE
Operating revenue of the Group and the Bank comprises gross interest income, fee and commission income, income from
insurance operation and income from Islamic banking and Takaful.
24. INTEREST INCOME
Group and Bank
2013
2012
RM’000
RM’000
Loans, advances and financing
– Interest income from non-impaired loans
149,200
110,760
– Interest income from impaired loans
607
–
– Recoveries from impaired loans
10,171
10,882
Money at call and deposit placements with banks and
other financial institutions
80,450
71,419
Investment securities
9,759
15,139
Amortisation of premium less accretion of discount
(816)
2,369
Net income from interest rate and cross currency
interest rate swaps
20,623
6,597
269,994
217,166
25. INTEREST EXPENSE
Group and Bank
2013
2012
RM’000
RM’000
Borrowings
Term loans
21,214
39,558
Medium Term Notes
70,144
28,227
91,358
67,785
148
EXIM Bank Annual Report 2013