Prepare financial ratios in evaluating Islamic bank's performance by using Profitability Ratio only. Company No. 719057-X STATEMENTS
Fantastic news! We've Found the answer you've been seeking!
Question:
Prepare financial ratios in evaluating Islamic bank's performance by using Profitability Ratio only.
Transcribed Image Text:
Company No. 719057-X STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 ASSETS Group Bank Note 2019 RM'000 2018 RM'000 2019 2018 RM'000 RM'000 Cash and short-term funds 237,229 247,267 237,229 247,267 Deposits and placements with banks and other financial institutions 5 389,862 392,965 389,862 392,965 Derivatives assets 6 34 34 Financial investment at amortised cost 7 744,126 1,530,248 744,126 1,530,248 Financial investments at fair value through other comprehensive income (FVOCI) 8 Financing and advances Other assets 800 9 313,663 5,266,868 313,663 5,001,599 5,266,868 5,001,599 10 15,988 15,595 15,984 15,589 Statutory deposit with Bank Negara Malaysia 11 135,900 187,000 135,900 187,000 Deferred tax assets 12 49,496 53,194 49,497 53,194 Investment in a subsidiary 13 Investment properties 14 105,000 105,000 105,000 105,000 Property and equipment 15 18,778 15,318 18,778 15,318 Intangible assets 16 37,016 30,322 37,016 30,322 Right-of-use assets 17 15,303 15,303 Total Assets 7,329,263 7,578,508 7,329,260 7,578,502 LIABILITIES AND SHAREHOLDER'S EQUITY Liabilities Deposits from customers 18 5,745,493 5,712,692 5,745,493 5,712,692 Deposits and placements of banks and other financial institutions 19 365,757 670,986 365,757 670,986 Bills and acceptances payable 4,873 4,838 4,875 4,838 Other liabilities Lease liabilities Subordinated sukuk 222 20 60,682 78,605 60,890 78,761 21 17,212 17,212 381,881 385,893 381,881 385,893 Total Liabilities 6,575,898 6,853,014 6,576,108 6,853,170 The amount is significantly below the rounding threshold. Refer to Note 13 for the details. Company No. 719057-X STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 ASSETS Group Bank Note 2019 RM'000 2018 RM'000 2019 2018 RM'000 RM'000 Cash and short-term funds 237,229 247,267 237,229 247,267 Deposits and placements with banks and other financial institutions 5 389,862 392,965 389,862 392,965 Derivatives assets 6 34 34 Financial investment at amortised cost 7 744,126 1,530,248 744,126 1,530,248 Financial investments at fair value through other comprehensive income (FVOCI) 8 Financing and advances Other assets 800 9 313,663 5,266,868 313,663 5,001,599 5,266,868 5,001,599 10 15,988 15,595 15,984 15,589 Statutory deposit with Bank Negara Malaysia 11 135,900 187,000 135,900 187,000 Deferred tax assets 12 49,496 53,194 49,497 53,194 Investment in a subsidiary 13 Investment properties 14 105,000 105,000 105,000 105,000 Property and equipment 15 18,778 15,318 18,778 15,318 Intangible assets 16 37,016 30,322 37,016 30,322 Right-of-use assets 17 15,303 15,303 Total Assets 7,329,263 7,578,508 7,329,260 7,578,502 LIABILITIES AND SHAREHOLDER'S EQUITY Liabilities Deposits from customers 18 5,745,493 5,712,692 5,745,493 5,712,692 Deposits and placements of banks and other financial institutions 19 365,757 670,986 365,757 670,986 Bills and acceptances payable 4,873 4,838 4,875 4,838 Other liabilities Lease liabilities Subordinated sukuk 222 20 60,682 78,605 60,890 78,761 21 17,212 17,212 381,881 385,893 381,881 385,893 Total Liabilities 6,575,898 6,853,014 6,576,108 6,853,170 The amount is significantly below the rounding threshold. Refer to Note 13 for the details.
Expert Answer:
Answer rating: 100% (QA)
Based on the financial statements provided we can calculate the following profitability ratios for t... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
(10 points) Given that ry + xy = 1. 1. Find a solution of the differential equation that satisfies the initial condition y(1) = 10. Answer: y = 2. Find a solution of the differential equation that...
-
Determine the transfer function from U(s) to Y(s) for the following block diagram. Provided are some recommended steps to take: a. Label each signal (line with arrow) b. Write the equation for each...
-
Data on the length, in seconds, of a sample of 50 songs by The Beatles are presented in the accompanying data table. Complete parts (a) through (d) below. Click the icon to view the table of song...
-
Gerald wanted to purchase a medical policy with 100 percent coverage. The best he could get was $200 deductible and 80 percent co-insurance. Why wouldn't companies provide fuller coverage?
-
y' (1) - If 2x + 3x + xy=1 and y(1)=-4, find y' (1) by implicit differentiation. -3 Thus an equation of the tangent line to the graph at the point (1,-4) is
-
Using the frequency distribution constructed in Example 1, find the midpoint, relative frequency, and cumulative frequency of each class. Describe any patterns. Data from Example 1 The data set lists...
-
Given a database of the results of an election, find the number of seats won by each party. There are some rules to going about this: There are many constituencies in a state and many candidates who...
-
An electron travels in a circle perpendicular to a magnetic field. (Recall m = 9.1x10 -31 kg and qe = 1.6x10 -19 C.) The speed of the electron is 200m/s and the radius of the circle is 0.1m....
-
Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Marigold Corp. Comparative Balance Sheets December 31 Accounts payable Common stock Retained earnings Total Additional...
-
Express each of the following numbers in ones and twos complement notation. Write your answer in binary and hexadecimal. Assume 8-bit signed integers. 14 127 1
-
American Standard Code for Information Interchange (ASCII) codes. Determine whether the data are qualitative or quantitative. Explain your reasoning.
-
Using C syntax write an expression for each of the following. Swap the upper and lower nibbles of unsigned char v = 0xC4. Multiply v by 5 using at least one shift operation.
-
The IQ levels of the students of a secondary school Determine whether the data are qualitative or quantitative. Explain your reasoning.
-
A sample executive is chosen from each department of an organization for a survey. Identify the sampling technique used, and discuss potential sources of bias (if any). Explain.
-
1. The Dirichlet problem for the exterior of a circle is =0 on {(x,y) E R? : x + y > a} u =h on {(x, y) E R : x + y = a} Uz1 + Uy,y lim sup |u(x, y) CC < Derive the Poisson formula in polar...
-
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
-
Ralph Rafferty purchased Gold Depot at the beginning of January for $25 per share. Ralph received a $1.25 dividend payment from the company at the end of December. At that time, the stock was selling...
-
a. Given the following information, calculate the expected value for Firm Cs EPS. E(EPS A ) = $5.10 and A = $3.61; E(EPS B ) = $4.20 and B = $2.96; and C = $4.11. b. Discuss the relative riskiness...
-
Assume that you are on your way to purchase a new car. You have already applied and been accepted for an automobile loan through your local credit union. The loan can be for an amount up to $25,000,...
-
Find out all such terms (synonyms), which mean exactly the same as temptation and can they be used interchangeably?
-
Create two scenarios other than those given in this chapter, where the temptation pattern can be used.
-
List some design and implementation issues faced, when implementing the temptation pattern. Explain each issue.
Aviation Weather Services Faa Advisory Circular 00 45f 2007th Edition - ISBN: 1560277157 - Free Book
Study smarter with the SolutionInn App