Page 175 - EXIM_AR2021

ANNUAL REPORT 2021 173

Notes to the fiNaNcial statemeNts

40. significant relateD Parties transactiOn anD balances (cOnt’D.)

The Group has related party transactions and balances with the following parties: (cont’d.)
(c) Government related parties (cont’d.)
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
2021 2020
RM’000 RM’000

Fund under MKFF Scheme 170,100 170,100
Less:
Loans repayment (134,172) (134,172)
35,928 35,928
Less:
Loans and financing (Note 7) (7,077) (8,976)
Allowance for ECL for loans and financing - (5,605)
Loans repayment (28,851) -
Add:
Interest earned from financing - 1,504
Interest income on investment - 7,201
Net repayable - 30,052

(d) Licensed banks and other financial institutions

Group and Bank
2021 2020
RM’000 RM’000

Unutilised funds under the MKFF Scheme included in deposits
and placements (Note 5) - 27,387