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  • NINE MONTHS PERIOD ENDED 30 SEPTEMBER 2014

    UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)(Incorporated in Malaysia)

  • 30 September 31 December

    2014 2013

    Note RM'000 RM'000

    ASSETS

    Cash and short term funds 15 193,572 308,017

    Deposits and placements with banks and other

    financial institutions 656,100 327,940

    Held to maturity securities 16 233,954 200,721

    Loans, advances and receivables 17 203,564 179,882

    Derivative financial instruments 279 457

    Other assets 18 3,154 3,095

    Property and equipment 5,077 6,720

    TOTAL ASSETS 1,295,700 1,026,832

    LIABILITIES

    Deposits from customers 19 149,578 164,272

    Deposits and placements of banks and other

    financial institutions 20 823,545 540,313

    Other liabilities 21 4,813 3,444

    TOTAL LIABILITIES 977,936 708,029

    EQUITY

    Share capital 330,000 330,000

    Other reserve 279 457

    Accumulated loss (12,515) (11,654)

    TOTAL EQUITY ATTRIBUTABLE TO EQUITY

    HOLDER OF THE BANK 317,764 318,803

    TOTAL LIABILTIES AND EQUITY 1,295,700 1,026,832

    COMMITMENTS AND CONTINGENCIES 27 57,354 80,277

    The Condensed Interim Financial Statements should be read in conjunction with the audited

    financial statements of the Bank for the year ended 31 December 2013.

    NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    (Incorporated in Malaysia)

    UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2014

    Page 2

  • Note 30 Sept 30 Sept 30 Sept 30 Sept

    2014 2013 2014 2013

    RM'000 RM'000 RM'000 RM'000

    Interest income 22 5,452 4,049 14,598 11,866

    Interest expense 23 (1,096) (1,501) (2,920) (4,702)

    Net interest income 4,356 2,548 11,678 7,164

    Other operating income 24 110 67 1,643 954

    Net operating income 4,466 2,615 13,321 8,118

    Other operating expenses 25 (5,777) (3,694) (13,822) (10,390)

    Operating loss (1,311) (1,079) (501) (2,272)

    Net allowance for impairment on loans

    and advances 26 (937) (1,425) (360) (1,425)

    Loss before tax expense (2,248) (2,504) (861) (3,697)

    Tax expense - 31 - 31

    Net profit/(loss) for the period (2,248) (2,473) (861) (3,666)

    Other comprehensive income, net of income tax

    Items that may be reclassified subsequently to

    profit or loss:

    Cash flow hedge

    Effective portion of change in fair value (75) 88 (178) 396

    Total comprehensive income for the period (2,323) (2,385) (1,039) (3,270)

    The Condensed Interim Financial Statements should be read in conjunction with the audited

    financial statements of the Bank for the year ended 31 December 2013.

    FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

    NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    (Incorporated in Malaysia)

    UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME

    3rd Quarter Ended Nine Months Ended

    Page 3

  • Hedging Accumulated

    Share capital reserve losses Total

    RM'000 RM'000 RM'000 RM'000

    At 1 January 2014 330,000 457 (11,654) 318,803

    Net profit for the period - - (861) (861)

    Cash flow hedge: change in fair value - (178) - (178)

    At 30 September 2014 330,000 279 (12,515) 317,764

    At 1 January 2013 310,000 - (5,337) 304,663

    Net loss for the period - - (3,666) (3,666)

    Cash flow hedge: change in fair value - 396 - 396

    At 30 September 2013 310,000 396 (9,003) 301,393

    NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    (Incorporated in Malaysia)

    UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    The Interim Financial Statements should be read in conjunction with the audited financial statements of the Bank for the

    year ended 31 December 2013.

    Non distributable

    STATEMENT OF CHANGES IN EQUITY

    FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

    Page 4

  • NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    30 Sept 30 Sept

    2014 2013

    RM'000 RM'000

    Cash flows from operating activities

    Loss before taxation for the period (861) (3,697)

    Adjustment for non-cash items:

    Allowance for impaired loans 360 1,425

    Depreciation of property and equipment 1,762 1,711

    Operating profit/(loss) before working capital changes 1,261 (561)

    Changes in working capital:

    Increase in deposits and placements with banks (328,160) (72,838)

    Increase in loans, advances and receivables (24,042) (94,376)

    Increase in other assets (90) (979)

    (Decrease)/Increase in deposits from customer (14,694) 38,196

    Increase in deposits and placements of banks and other FI. 283,232 264,014

    Increase in other liabilities 1,369 578

    Income tax refund/(paid) 31 (94)

    Net cash (used in)/generated from operating activities (81,093) 133,940

    Cash flows from investing activities

    Purchase of property and equipment (119) (358)

    Net investment in held to maturity securities (33,233) (33,483)

    Net cash used in investing activities (33,352) (33,841)

    Net change in cash and cash equivalent (114,445) 172,968

    Cash and cash equivalents at beginning of the period 308,017 41,524

    Cash and cash equivalents at end of the period 193,572 214,492

    Analysis of cash and cash equivalents

    Cash and short term funds at end of period 193,572 214,492

    FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

    The Interim Financial Statements should be read in conjunction with the audited financial

    statements of the Bank for the year ended 31 December 2013.

    (Incorporated in Malaysia)

    UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    STATEMENT OF CASH FLOW

    Page 5

  • NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    1. GENERAL INFORMATION

    2. BASIS OF PREPARATION

    The unaudited interim condensed financial statements for the nine months ended 30

    September 2014 have been prepared under the historical cost convention except for the

    valuation of derivative financial instruments that are carried at fair value.

    NOTES TO UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

    (Incorporated in Malaysia)

    The unaudited condensed interim financial statements have been prepared in accordance

    with MFRS 134: Interim Financial Reporting issued by the Malaysian Accounting Standards

    Board ("MASB") and Policy Document on Financial Reporting issued by Bank Negara

    Malaysia ("BNM").

    The unaudited condensed interim financial statements do not include all of the information

    required for full annual financial statements, and should be read in conjunction with the

    audited financial statements of the Bank as at and for the financial year ended 31 December

    2013. The explanatory notes attached to the interim financial statements provide an

    explanation of the events and transactions that are significant for an understanding of the

    financial position and performance of the Bank since the year ended 31 December 2013.

    National Bank of Abu Dhabi Malaysia Berhad ("the Bank") is principally engaged in the

    provision of banking and related financial services.

    The Bank is a company limited by shares, a licenced bank, incorporated and domiciled in

    Malaysia. The principal place of business of the bank is located at Level 28, Menara Maxis,

    Kuala Lumpur City Centre, 50088 Kuala Lumpur.

    The Bank is a wholly-owned subsidiary of National Bank of Abu Dhabi PJSC ("Holding

    Company"), a bank incorporated in Abu Dhabi, United Arab Emirate and listed at the Abu

    Dhabi Securities Exchange. The ultimate parent company of the Bank is the Abu Dhabi

    Investment Council, an entity owned by the Government of the Emirates of Abu Dhabi.

    FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

    Page 6

  • NATIONAL BANK OF ABU DHABI MALAYSIA BERHAD (965488-H)

    NOTES TO UNAUDIT

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