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NOTESTOTHEFINANCIALSTATEMENTS
31 DECEMBER 2013
36. SIGNIFICANT RELATED PARTIES TRANSACTION AND BALANCES (CONT’D)
(b) The significant outstanding balances of the Bank with the related companies are as follows:
Group and Bank
2013
2012
RM’000
RM’000
Amount due to subsidiaries:
Amount due to subsidiaries
64,142
64,151
(c) Government related parties
Included in the financial position of the Group and the Bank are the amounts due from/(to) The Government of Malaysia
and Bank Negara Malaysia represented by the following:
Group and Bank
2013
2012
RM’000
RM’000
Transaction during the year
Other income: Management fee
2,552
2,552
Expenses: Bad debt written off
1,337
–
The Government of Malaysia
At the end of the tenure, the Bank shall repay the fund received under the MKFF scheme together with all interest
earned, less the allowance for impaired loans and return all proceeds derived from investment of the unutilised funds to
the Government. The net amount repayable to the Government as at the financial year is represented as follows:
Group and Bank
2013
2012
RM’000
RM’000
Fund under MKFF Scheme
170,100
170,100
Less:
Loan and financing
(20,965)
(21,810)
Allowance for losses on loans and financing
(9,555)
(7,616)
Bad debt written off
(3,002)
(1,823)
Add:
Interest earned from financing
1,026
745
Interest income on investment
26,895
21,075
Net repayable
164,499
160,671
156
EXIM Bank Annual Report 2013