BIMB Integrated Annual Report 2017

52. COMMITMENTS AND CONTINGENCIES (CONTINUED) The off-balance sheet and counterparties credit risk for Bank Islam is as follows: (continued) POSITIVE FAIR VALUE OF CREDIT RISK PRINCIPAL DERIVATIVE EQUIVALENT WEIGHTED 31 DECEMBER 2016 AMOUNT CONTRACTS AMOUNT ASSET NATURE OF ITEM RM’000 RM’000 RM’000 RM’000 Credit related exposures Direct credit substitutes 294,460 – 294,460 293,848 Transaction related contingent items 952,188 – 476,094 443,165 Short term self-liquidating trade related contingencies 341,524 – 68,305 67,309 Other commitments, such as formal standby facilities and credit lines, with an original maturity of: – not exceeding one year 591,031 – 118,206 88,979 – exceeding one year 1,792,008 – 896,004 715,873 Unutilised credit card lines 1,140,141 – 228,028 171,563 Any commitments that are unconditionally cancelled at any time by the bank without prior notice or that effectively provide for automatic cancellation due to deterioration in a borrower’s creditworthiness 4,639,610 – – – 9,750,962 – 2,081,097 1,780,737 Derivative Financial Instruments Foreign exchange related contracts – less than one year 3,117,570 117,445 163,823 79,734 Profit rate related contracts – less than one year 200,000 1,397 200 40 – one year to less than five years 400,000 2,729 9,497 1,899 – five years and above 236,027 3,001 18,971 11,606 3,953,597 124,572 192,491 93,279 Total 13,704,559 124,572 2,273,588 1,874,016 53. SUBSEQUENT EVENTS DURING THE FINANCIAL YEAR On 30 November 2017, the Board of Directors of BIMB Holdings Berhad (“BHB”) had declared an interim dividend of 14.00 sen per ordinary share in BHB for the financial year ended 31 December 2017 and paid on 25 January 2018. From the total dividend amount declared of RM229.3 million, approximately 9.12% or RM21.6 million was distributed as cash dividend whilst the remaining 90.88% amounting to RM207.7 million was reinvested to subscribe for 55,825,000 new ordinary shares at RM3.72 each via the Dividend Reinvestment Plan. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 296 BIMB HOLDINGS BERHAD Integrated Annual Report 2017