Page 198 - SC SCAR 2023 ENGLISH Flipbook

PART 5 ORGANISATION INFORMATION
The rates and tenure of staff financing are as follows:
Islamic financing and conventional housing loans Islamic financing and conventional motor vehicle loans Study loans
Computer loans
Rate charged (per annum)
2% 4% - -
Maximum repayable period
25 years 7 years 5 years 4 years
The Islamic and conventional housing and motor vehicle financing are secured over the properties and motor vehicles of the borrowers, respectively. The SC considers probability of default as remote since both financing is supported by collateral, as described in Note 25.3(c).
The maturity structure of the financing to staff as at the end of the financial year is as follows:
Within 1 year
More than 1 year and up to 5 years More than 5 years
9. OTHER INVESTMENTS
Fair value through profit or loss
– Investment in quoted unit trust
Amortised costs:
– Government Investment Issues and Government Guaranteed Bonds
– Deposits placed with licensed banks
Non-current
Current
2023 RM’000
880 1,470 344
2,694
2023 RM’000
152,291
54,964 418,367 625,622
2022 RM’000
954 1,878 570
3,402
2022 RM’000
-
65,030 793,926 858,956
2023 RM’000
152,291
49,928 - 202,219
2022 RM’000
-
55,030 - 55,030
2023 RM’000
-
5,036 418,367 423,403
2022 RM’000
-
10,000 793,926 803,926
Total
During the year, the SC invested in quoted unit trust amounting to RM150.0 million which are medium-term and long-term in nature.
Included in deposits placed with licensed banks is an amount reserved for planning and implementing capacity- building programmes in relation to the accounting and auditing profession of RM3.1 million (2022: RM2.9 million).
Government Investment Issues and Government Guaranteed Bonds will mature in 2024 and 2038. The weighted average yield to maturity of Government Investment Issues and Government Guaranteed Bonds was 4.44% per annum (2022: 3.69% per annum).
Deposits placed with licensed banks have maturity period of 6 months and 15 months (2022: 6 months and 15 months) and earned income at rates ranging from 3.85% to 4.3% per annum (2022: 2.35% to 3.80% per annum).
196 SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023