MBB 1 Stqrtris 05

MALAYAN BANKING BERHAD
(3813-K)
(Incorporated in Malaysia)
CONDENSED INTERIM FINANCIAL STATEMENTS

UNAUDITED INCOME STATEMENT
FOR THE FIRST FINANCIAL QUARTER ENDED 30 SEPTEMBER 2005
1st Quarter Ended Cumulative 3 Months Ended

Group Sept 2005 Sept 2004 Sept 2005 Sept 2004
Note RM'000 RM'000 RM'000 RM'000
Interest income A16 2,059,912 1,872,351 2,059,912 1,872,351

Interest expense A17 (958,776) (833,599) (958,776) (833,599)
Net interest income 1,101,136 1,038,752 1,101,136 1,038,752
Income from Islamic Banking
Scheme operations: A28b
Gross operating income 201,060 180,583 201,060 180,583
Profit equalisation reserves (566) (20,572) (566) (20,572)
200,494 160,011 200,494 160,011
1,301,630 1,198,763 1,301,630 1,198,763

Other operating income A18 663,995 535,690 663,995 535,690
Net income 1,965,625 1,734,453 1,965,625 1,734,453
Other operating expense A19 (743,172) (673,483) (743,172) (673,483)
Operating Profit 1,222,453 1,060,970 1,222,453 1,060,970
Allowance for losses on loans,

advances and financing A20 (275,599) (268,192) (275,599) (268,192)
946,854 792,778 946,854 792,778
Share of profits in
associated companies 24 423 24 423
Profit before taxation 946,878 793,201 946,878 793,201
Taxation & Zakat (267,418) (224,558) (267,418) (224,558)
Profit after taxation before
Minority Interest 679,460 568,643 679,460 568,643
Minority Interest (6,515) (13,604) (6,515) (13,604)
Net profit for the year 672,945 555,039 672,945 555,039
Earnings per share B13

Basic 18.06 sen 15.42 sen 18.06 sen 15.42 sen
Fully diluted 17.94 sen 15.29 sen 17.94 sen 15.29 sen
(These condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 30 June 2005)
(3813-K)

UNAUDITED INCOME STATEMENT
1st Quarter Ended Cumulative 3 Months Ended

Bank Sept 2005 Sept 2004 Sept 2005 Sept 2004
RM'000 RM'000 RM'000 RM'000
Interest income A16 1,888,539 1,415,020 1,888,539 1,415,020

Interest expense A17 (862,976) (635,934) (862,976) (635,934)
Net interest income 1,025,563 779,086 1,025,563 779,086
Income from Islamic Banking

Scheme operations: A28b
Gross operating income 193,376 131,356 193,376 131,356
Profit equalisation reserves (1,379) (18,332) (1,379) (18,332)
191,997 113,024 191,997 113,024
1,217,560 892,110 1,217,560 892,110
Other operating income A18 554,474 1,168,827 554,474 1,168,827
Net income 1,772,034 2,060,937 1,772,034 2,060,937
Other operating expense A19 (655,640) (538,249) (655,640) (538,249)
Operating Profit 1,116,394 1,522,688 1,116,394 1,522,688
Allowance for losses on loans,

advances and financing A20 (258,116) (743,844) (258,116) (743,844)
Taxation & Zakat (242,574) (228,810) (242,574) (228,810)

Profit after taxation 615,704 550,034 615,704 550,034
(3813-K)

UNAUDITED BALANCE SHEETS AS AT 30 SEPTEMBER 2005
GROUP BANK
Sept 2005 June 2005 Sept 2005 June 2005
Note RM'000 RM'000 RM'000 RM'000
ASSETS
Cash and short-term funds 24,787,696 22,596,444 19,247,850 18,479,404

Deposits and placements with
financial institutions 9,726,748 9,324,796 10,407,114 9,975,736
Securities purchased under resale agreements 381,511 299,857 377,842 296,871
Securities A8 to A10 28,342,834 28,261,016 23,228,763 22,128,177
Loans, advances and financing A11 120,483,939 119,593,814 116,614,552 115,481,632
Other assets A12 2,161,459 1,664,333 1,330,164 993,599
Statutory deposits with Central Banks 4,702,374 4,228,781 4,592,582 4,051,998
Investment in subsidiary companies - - 1,999,086 1,915,978
Investment in associated companies 7,064 20,048 7,040 10,640
Property, plant and equipment 1,306,656 1,341,569 1,178,674 1,188,926
Deferred tax assets 911,323 963,946 857,971 911,752
Life and Family Takaful fund assets 3,935,594 3,600,656 - -
TOTAL ASSETS 196,747,198 191,895,260 179,841,638 175,434,713
LIABILITIES
Deposits from customers A13 132,137,203 131,068,045 119,069,667 118,275,713

Deposits and placements of banks and A14
other financial institutions 19,394,094 18,361,182 21,237,502 19,874,194
Obligations on securities sold under
repurchase agreements 9,248,828 7,627,695 9,067,426 7,422,269
Bills and acceptances payable 3,389,046 2,358,124 3,656,218 2,692,568
Other liabilities A15 3,732,478 3,130,142 3,583,255 3,140,403
Recourse obligation on loans sold to Cagamas 4,296,227 4,990,773 4,296,227 4,990,773
Provision for taxation and zakat 935,351 880,205 912,100 855,514
Deferred tax liabilities 24,976 20,685 - -
Subordinated obligations 2,042,410 3,004,000 2,042,410 3,004,000
Life and Family Takaful fund liabilities 211,498 120,506 - -
Life and Family Takaful policy holders' funds 3,724,096 3,480,150 - -
TOTAL LIABILITIES 179,136,207 175,041,507 163,864,805 160,255,434

(3813-K)

UNAUDITED BALANCE SHEETS AS AT 30 SEPTEMBER 2005
GROUP BANK
Sept 2005 June 2005 Sept 2005 June 2005
Note RM'000 RM'000 RM'000 RM'000
SHAREHOLDERS' EQUITY
Share capital 3,732,396 3,721,053 3,732,396 3,721,053

Reserves 13,495,135 12,680,256 12,244,437 11,458,226
17,227,531 16,401,309 15,976,833 15,179,279
MINORITY INTEREST 383,460 452,444 - -

TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY 196,747,198 191,895,260 179,841,638 175,434,713
COMMITMENTS AND CONTINGENCIES A25 112,404,735 109,451,821 110,892,884 107,615,751
CAPITAL ADEQUACY A27
Without deducting dividends *
Core capital ratio:

Credit risk 11.60% 11.71% 11.25% 11.28%
Credit and market risks 11.21% 11.45% 10.84% 11.07%
Risk-weighted capital ratio:

Credit risk 15.21% 15.36% 13.99% 14.12%
After deducting dividends
Core capital ratio:

Credit risk 9.41% 10.50% 8.91% 10.00%
Risk-weighted capital ratio:

Credit risk 13.02% 14.15% 11.66% 12.84%
Net tangible assets per share RM4.62 RM4.41 RM4.28 RM4.08
* In arriving at the capital base used in the ratio calculations of the Group and the Bank, the proposed dividends for the
respective periods were not deducted.
(3813-K)

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
<=============== Non Distributable ==============>

Unrealised Exchange Distributable
Share Share Statutory Capital Holding Fluctuation Retained
Capital Premium Reserve Reserve Reserve Reserve Profits Total
GROUP RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
At 1 July 2005
As previously stated 3,721,053 1,501,117 3,965,468 15,250 - 49,238 7,149,183 16,401,309
Transitional adjustments - - - - 347,170 - (260,605) 86,565
As restated 3,721,053 1,501,117 3,965,468 15,250 347,170 49,238 6,888,578 16,487,874
Currency translation differences - - - - - 18,912 - 18,912

Net decrease in fair value of securities - - - - (61,814) - - (61,814)
Net accretion from increased interest in subsidiaries - - 4,187 - - - - 4,187
Net loss not recognised in the income statement - - 4,187 - (61,814) 18,912 - (38,715)
Net profit for the year - - - - - - 672,945 672,945
Issue of ordinary shares pursuant to ESOS 11,343 94,084 - - - - - 105,427
At 30 September 2005 3,732,396 1,595,201 3,969,655 15,250 285,356 68,150 7,561,523 17,227,531
At 1 July 2004 3,600,172 500,566 4,274,198 15,250 - 38,188 6,195,062 14,623,436
Currency translation differences - - - - - 14,578 - 14,578

Net accretion from increased interest in subsidiaries - - - - - - 6,977 6,977
Net gain not recognised in the income statement - - - - - 14,578 6,977 21,555
Statutory reserve of the finance subsidiary no longer
required upon transfer of business to the Bank,
transferred to retained profits - - - - - -
Transfer to statutory reserve - - - - - -
Issue of ordinary shares pursuant to ESOS - - - - - -
Dividends - - - - - - -
At 30 September 2004 3,600,172 500,566 4,274,198 15,250 - 52,766 6,757,078 15,200,030

(3813-K)

UNAUDITED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEAR QUARTER ENDED 30 SEPTEMBER 2005
<=============== Non Distributable ==============>

Unrealised Exchange Distributable
Share Share Statutory Capital Holding Fluctuation Retained
Capital Premium Reserve Reserve Reserve Reserve Profits Total
BANK RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
At 1 July 2005
As previously stated 3,721,053 1,501,117 3,871,038 - - 89,419 5,996,652 15,179,279
Transitional Adjustments - - - - 338,219 - (208,932) 129,287
As restated 3,721,053 1,501,117 3,871,038 - 338,219 89,419 5,787,720 15,308,566
Currency translation differences (9,545) (9,545)

Net decrease in fair value of securities - - - - (43,319) - - (43,319)
Net gain not recognised in the income statement - - - (43,319) (9,545) - (52,864)
-
Issue of ordinary shares pursuant to ESOS 11,343 94,084 - - - - - 105,427
At 30 September 2005 3,732,396 1,595,201 3,871,038 - 294,900 79,874 6,403,424 15,976,833
At 1 July 2004 3,600,172 500,566 3,636,325 - - 79,936 4,282,034 12,099,033

Currency translation differences, representing
net gain not recognised
in the income statement - - - - - 14,634 - 14,634
Transfer to statutory reserve - - - - - - -
Issue of ordinary shares pursuant to ESOS - - - - - -
Dividends - - - - - - - -
At 30 September 2004 3,600,172 500,566 3,636,325 - - 94,570 4,832,068 12,663,701
(3813-K)

UNAUDITED CONDENSED CASH FLOW STATEMENTS
GROUP BANK
Sept 2005 Sept 2004 Sept 2005 Sept 2004
RM'000 RM'000 RM'000 RM'000
Adjustments for non-operating and non-

cash items 333,464 646,373 310,721 62,578
Operating profit before working capital changes 1,280,342 1,439,574 1,168,999 841,421
Changes in working capital

Net changes in operating assets (2,784,444) (654,974) (2,943,724) 181,127
Net changes in operating liabilities 4,511,753 3,016,424 3,373,569 1,986,149
Tax expense and zakat paid (155,358) (211,803) (132,207) (403,185)
Net cash generated from
operations 2,852,293 3,589,221 1,466,637 2,605,512
Net cash (used in)/generated from investing activities 3,577 2,931 (109,072) 714,904
Net cash (used in)/generated from financing activities (664,618) (283,540) (589,119) (58,304)
(661,041) (280,609) (698,191) 656,600
Net change in cash and cash equivalents 2,191,252 3,308,612 768,446 3,262,112
Cash and cash equivalents at beginning of

the year 22,596,444 23,009,080 18,479,404 19,527,827
Cash and cash equivalents at end of the year 24,787,696 26,317,692 19,247,850 22,789,939
Cash and cash equivalents comprise :

Cash and short term funds as previously reported 24,787,696 26,317,692 19,247,850 22,789,939
Foreign exchange differences on opening
balances - 5,514 - 5,378
As restated 24,787,696 26,323,206 19,247,850 22,795,317
(3813-K)
Part A - Explanatory Notes Pursuant to Financial Reporting Standard 134 (“FRS 134”) and Revised Guidelines on
Financial Reporting for Licensed Institutions (BNM/GP8) Issue by Bank Negara Malaysia
A1. Basis of Preparation
The unaudited condensed interim financial statements for the 1st quarter ended 30 September 2005 have been
prepared in accordance with FRS134 (Interim Financial Reporting) (formerly known as MASB26) issued by the
Malaysian Accounting Standard Board (“MASB”) and Chapter 9, part K of the Listing Requirements of the Bursa
Malaysia Securities Berhad. The unaudited condensed interim financial statements should be read in conjunction with
the audited annual financial statements of the Group and the Bank for the year ended 30 June 2005.
The accounting policies and methods of computation applied in the unaudited condensed interim financial statements
are consistent with those adopted in the previous audited annual financial statements except for the adoption of the
revised guidelines on Financial Reporting for Licensed Institutions (BNM/GP8) issued by Bank Negara Malaysia
which became effective for the current financial year. The adoption of the revised BNM/GP8 has resulted in
significant changes in the accounting policies of the Group and the Bank pertaining to the treatment of financial
instruments. The treatment of securities and derivatives under the revised BNM/GP8 is generally consistent with FRS
139, which was issued by the MASB in August 2005, and which shall become effective from 1 January 2006. Under
the transitional provisions of FRS 139, retrospective application is not permitted and the policies followed in prior
year shall not be reversed. This basis of the transitional provisions of FRS 139 is used, and the prior year’s financial
statements of the Group and the Bank are not restated. Accordingly, any adjustment for the previous carrying
amounts shall be recognised as an adjustment of the balance of retained earnings or reserves at the beginning of the
current financial year. The details of adjustments made to opening retained earnings or reserves in these unaudited
condensed interim financial statements are disclosed in Note A29.
Bank Negara Malaysia has granted indulgence to Maybank from complying with the requirement on the impairment
of loans under the revised BNM/GP8 for the financial year ending 30 June 2006. Therefore, the allowance for bad
and doubtful debts and financing of the Group are computed based on the existing requirement of BNM/GP3, which
is consistent with the adoption made in the previous audited annual financial statements.
A2. Auditors’ Report on Preceding Annual Financial Statements
The auditors’ report on the audited annual financial statements for the financial year ended 30 June 2005 was not
qualified.
A3. Seasonal or Cyclical Factors
The operations of the Group and the Bank were not materially affected by any seasonal or cyclical factors in the 1st
quarter ended 30 September 2005.
A4. Unusual Items Due to Their Nature, Size or Incidence
There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group and the
Bank in the 1st quarter ended 30 September 2005.
A5. Changes in Estimates
There were no material changes in estimates of amounts reported in prior financial year that have a material effect in
the 1st quarter ended 30 September 2005 other than as disclosed in Note A30.
(3813-K)
A6. Changes in Debt and Equity Securities
Save as disclosed below, there were no issuances, cancellations, share buy-backs, resale of shares bought back and
repayment of debt and equity securities by the Bank.
During the 1st quarter ended 30 September 2005, the issued and paid-up share capital of the Bank was increased from
RM3,721,052,721 as at 30 June 2005 to RM3,732,395,521 as at 30 September 2005, from the issuance of
11,342,800 new ordinary shares of RM1.00 each to eligible persons who have exercised their options under the
Maybank Group Employee Share Option Scheme (ESOS) at the following option prices:
Number of shares issued: Option price per share
10,196,900 RM 9.23
1,145,900 RM 9.87
A7. Dividends Paid
No dividend was paid during the 1st quarter ended 30 September 2005.
(3813-K)
A8. Securities Held-for-trading/Dealing Securities

Group Bank
30 September 30 June 30 September 30 June
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
At Fair Value/Carrying Value
Money Market Instruments:-
Malaysian Government Securities 142,967 - 95,959 -

Malaysian Government Treasury Bills 168,285 49,124 80,992 49,124
Malaysian Government Investment Issues 5,212 5,037
Bank Negara Malaysia Bills and Notes 220,040 104,625 220,040 104,625
Bankers' Acceptances and
Islamic Accepted Bills 22,828 23,257 - -
Khazanah Bonds 27,261 25,621 - -
Foreign Government Treasury Bills 71,700 - - -
Foreign Certificates of Deposits - 84,577 - -
Total Money Market Instruments 658,293 292,241 396,991 153,749
Quoted securities:
Shares - 1 - -
Unquoted securities:
Private and Islamic Debt Securities in M'sia - 260,000
Foreign Public Authority and
Private Debt Securities 279,522 76,868 279,522 76,868
279,522 336,868 279,522 76,868
Sub-total 937,815 629,110 676,513 230,617

(3813-K)
A9. Securities Available-for-sale

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
At Fair Value/Carrying Value
Money market instruments:-
Malaysian Government Securities 766,835 3,502,028 662,437 3,353,236

Cagamas Bonds 1,622,251 1,933,153 1,237,051 1,519,651
Foreign Government Securities 1,599,164 1,573,922 1,530,116 1,253,116
Malaysian Government Treasury Bills 19,458 109,942 19,458 109,942
Malaysian Government Investment Issues 790,935 1,052,052 760,340 1,006,202
Foreign Government Treasury Bills 769,776 902,147 769,776 801,883
Negotiable Instruments of Deposits 3,075,433 3,097,275 2,681,940 2,742,261
Bankers' Acceptances and Islamic Accepted Bills 2,705,193 2,154,227 2,705,193 843,630
Private Debt Securities
Khazanah Bonds 776,312 761,441 653,987 624,497
Total Money Market Instruments 12,125,357 15,086,187 11,020,298 12,254,418
Quoted Securities: -
In Malaysia:
Shares, Warrants, Trust Units and Loan Stocks 367,394 672,834 209,202 386,501
Outside Malaysia:
Shares, Warrants, Trust Units and Loan Stocks 49,823 89,241 35,716 70,021
417,217 762,075 244,918 456,522
Unquoted Securities:-
Shares, trust units and loan stocks in Malaysia 961,164 1,509,136 456,478 959,430
Shares, trust units and loan stocks outside Malaysia 5,137 - - -
Private and Islamic Debt Securities in Malaysia 3,335,738 6,033,964 2,447,550 3,754,633
Malaysian Government Bonds 512,294 451,479 436,904 451,479
Foreign Government Bonds 39,674 38,127 39,674 38,127
Foreign Islamic and Private Debt Securities 4,586,652 4,979,759 4,368,144 4,861,376
Credit Link Note - 190,000 - 190,000
Others - 8,535 - 8,535
9,440,659 13,211,000 7,748,750 10,263,580
Net amortisation of premiums - (90,209) - (100,916)

Accumulated impairment losses/provision for
diminution in value (283,990) (1,337,147) (170,754) (976,044)
Sub-total 21,699,243 27,631,906 18,843,212 21,897,560

(3813-K)
A10. Securities Held-To-Maturity

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
At Amortised Cost
Money market instruments:-
Malaysian Government Securities 2,144,912 - 2,144,301 -

Cagamas Bonds 294,484 - 232,402 -
Foreign Government Securities 249,625 - 1,093 -
Malaysian Government Investment Issues 305,887 - 303,567 -
Bankers' Acceptances and Islamic Accepted Bills 804,726 - - -
Khazanah Bonds 27,068 - 27,068 -
Total Money Market Instruments 3,826,702 - 2,708,431 -
Unquoted Securities:-
Private and Islamic Debt Securities in Malaysia 1,108,483 - 229,994 -

Foreign Government Bonds 49,382 - 49,382 -
Foreign Islamic and Private Debt Securities 530,717 - 530,717 -
Credit Linked Note 188,475 - 188,475 -
Others 2,044 - 2,044 -
1,879,101 - 1,000,612 -
Accumulated impairment losses (27) - (5) -
Sub-total 5,705,776 - 3,709,038 -
Total securities 28,342,834 28,261,016 23,228,763 22,128,177

(3813-K)
A11. Loans, Advances and Financing
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Overdrafts 13,086,214 13,216,949 13,051,540 13,206,045

Term loans
- Housing loans/financing 22,451,589 21,061,307 22,377,564 21,061,307
- Syndicated term loan/financing 6,392,301 6,306,295 4,079,354 4,004,830
- Hire purchase receivables 20,816,933 20,136,580 20,669,884 19,990,280
- Other term loans/financing 34,329,714 33,048,425 33,188,685 31,649,935
Credit card receivables 2,006,626 1,959,084 2,006,626 1,959,084
Bills receivables 1,083,313 1,538,344 1,044,105 1,532,907
Trust receipts 2,693,043 2,690,824 2,675,281 2,674,055
Claims on customers under acceptance credits 11,921,188 11,919,242 11,891,488 11,895,876
Loans/financing to banks and other
financial institutions 10,010,096 10,776,303 10,010,096 10,776,303
Revolving credits 12,728,110 13,930,140 12,431,839 13,477,992
*Staff loans 1,035,932 1,008,611 992,156 967,373
Housing loans to
- Executive directors of the Bank 413 428 413 428
- Executive directors of subsidiaries 1,102 2,194 1,102 2,194
Others 305,853 265,654 - -
138,862,427 137,860,380 134,420,133 133,198,609
Unearned interest and income (11,924,719) (11,914,492) (11,885,146) (11,871,161)
Gross loans, advances and financing 126,937,708 125,945,888 122,534,987 121,327,448
Allowances for bad and doubtful
debts and financing:
- specific (3,624,829) (3,541,718) (3,324,428) (3,249,740)
- general (2,827,425) (2,810,356) (2,596,007) (2,596,076)
Net loans, advances and financing 120,485,454 119,593,814 116,614,552 115,481,632

(3813-K)
A11. Loans, Advances and Financing (continued)
A11a. By type of customer

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Domestic operations:
Domestic banking institutions - 665 - 665
Domestic non-bank financial institutions
- Stockbroking companies 352,084 204,047 352,084 204,047
- Others 9,560,415 10,586,762 9,543,185 10,569,169
Domestic business enterprise
- Small and medium enterprise 22,291,753 20,794,134 22,152,018 20,772,772
- Others 18,271,754 20,000,292 18,041,214 19,859,385
Government and statutory bodies 1,651,012 1,118,981 1,648,203 1,115,370
Individuals 48,239,904 47,198,722 48,195,974 47,183,516
Other domestic entities 129,907 73,781 74,225 73,629
Foreign entities 217,966 444,041 214,859 388,012
100,714,795 100,421,425 100,221,762 100,166,565
Labuan offshore 3,424,014 3,860,522 - -
Total domestic operations 104,138,809 104,281,947 100,221,762 100,166,565
Overseas operations:
Singapore 18,952,022 17,899,783 18,952,022 17,899,783
United States of America 724,932 570,893 724,932 570,893
United Kingdom 328,524 225,769 328,524 225,769
Hong Kong 1,293,537 1,388,034 1,293,537 1,388,034
Brunei 199,375 192,663 199,375 192,663
Vietnam 358,572 363,802 358,572 363,802
China 391,237 437,316 391,237 437,316
Cambodia 65,026 82,623 65,026 82,623
Papua New Guinea 31,008 30,684 - -
Philippines 412,367 431,045 - -
Indonesia 40,784 41,329 - -
22,797,384 21,663,941 22,313,225 21,160,883
126,936,193 125,945,888 122,534,987 121,327,448
A11b. By interest/profit rate sensitivity

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Fixed rate
- Housing loans/financing 12,052,943 11,471,746 11,939,941 11,432,672
- Hire purchase receivables 17,547,040 17,008,268 17,399,665 16,876,373
- Other fixed rate loans/financing 34,827,307 35,014,665 34,741,648 34,957,541
Variable rate
- Base lending rate plus 42,352,875 41,577,203 42,123,953 41,360,396
- Cost plus 9,566,526 10,521,092 9,268,193 10,232,276
- Other variable rates 10,589,502 10,352,914 7,061,587 6,468,190
Gross loans, advances and financing 126,936,193 125,945,888 122,534,987 121,327,448
(3813-K)
A11c. Total loans by sector

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Agriculture 2,106,464 2,142,683 2,104,938 2,140,709
Mining and quarrying 187,126 172,044 178,629 166,989
Manufacturing 11,760,461 11,959,682 11,740,905 11,934,214
Electricity, gas and water 1,580,767 1,566,292 1,570,679 1,555,719
Construction 5,664,433 5,780,581 5,650,232 5,749,787
Real estate 1,788,974 1,594,165 1,743,912 1,568,985
Purchase of landed properties 29,875,539 29,496,138 29,843,053 29,462,321
(of which: - residential 23,943,636 23,739,516 23,911,150 23,705,699
- non-residential) 6,402,121 6,233,922 6,402,121 6,233,922
Less: Islamic housing loans sold to Cagamas (470,218) (477,300) (470,218) (477,300)
General commerce 9,148,546 8,204,501 9,117,980 8,148,918
Transport, storage and communication 1,374,538 1,217,629 1,354,159 1,193,348
Finance, insurance and business services 10,933,688 11,731,346 10,915,353 11,716,802
Purchase of securities 7,323,255 7,016,709 7,104,466 7,014,697
Purchase of transport vehicles 11,823,258 11,409,855 11,820,413 11,407,504
Less: Loans sold to Cagamas (248,366) (270,216) (248,366) (270,216)
Consumption credit 4,542,751 4,421,089 4,540,232 4,418,289
Others 2,853,361 3,978,927 2,785,177 3,958,499
100,714,795 100,421,425 100,221,762 100,166,565
Labuan Offshore 3,424,014 3,860,522 - -
Singapore 18,952,022 17,899,783 18,952,022 17,899,783
United Kingdom 328,524 225,769 328,524 225,769
Hong Kong 1,293,537 1,388,034 1,293,537 1,388,034
Brunei 199,375 192,663 199,375 192663
Vietnam 358,572 363,802 358,572 363,802
China 391,237 437,316 391,237 437,316
Cambodia 65,026 82,623 65,026 82,623
Philippines 412,367 431,045 - -
Indonesia 40,784 41,329 - -
22,797,384 21,663,941 22,313,225 21,160,883
126,936,193 125,945,888 122,534,987 121,327,448
(3813-K)
A11d. Non-performing loans by sector

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Agriculture 62,740 63,428 62,740 63,428
Mining and quarrying 2,820 3,756 2,820 3,756
Manufacturing 764,412 849,151 752,338 835,511
Electricity, gas and water 412,629 413,058 412,166 412,485
Construction 819,022 855,948 800,721 822,449
Real estate 237,412 244,480 206,757 212,070
Purchase of landed properties 3,407,088 3,417,953 3,406,764 3,417,630
(of which: - residential 2,774,994 2,770,423 2,774,670 2,770,100
- non-residential) 632,094 647,530 632,094 647,530
General commerce 577,475 582,279 577,475 569,118
Transport, storage and
communication 33,206 33,154 32,820 32,274
Finance, insurance and
business services 369,135 360,464 369,135 360,464
Purchase of securities 403,918 439,428 320,950 354,261
Purchase of transport vehicles 263,202 223,896 263,202 223,896
Consumption credit 343,848 341,221 343,848 341,221
Others 467,755 474,098 449,329 450,347
8,164,662 8,302,314 8,001,065 8,098,910
Labuan Offshore 316,225 325,355 -
Singapore 687,600 684,834 687,600 684,834
Hong Kong 76,362 115,381 76,361 115,381
Brunei 38,284 37,447 38,285 37,447
Vietnam 18,259 18,406 18,259 18,406
China 16,450 5,700 16,450 5,700
Cambodia 3,911 3,896 3,911 3,896
Philippines 67,537 71,211 - -
Indonesia 11,820 12,132 - -
952,954 981,911 867,959 892,976
9,433,841 9,609,580 8,869,024 8,991,886
(3813-K)
A11e. Movement in non-performing loans, advances and financing ("NPL") are as follows:
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
At 1 July 2005/2004 9,609,580 10,397,446 8,991,886 8,062,241

Non-performing during the period/year 1,434,125 6,485,055 1,420,534 5,589,748
Reclassified as performing (1,031,878) (3,617,452) (1,012,343) (3,081,885)
Transfer from the finance subsidiary - - - 2,006,385
Recoveries (343,978) (1,730,420) (318,505) (1,784,644)
Amount written off (229,722) (1,954,142) (211,111) (1,828,805)
Loans converted to investment securities (2,012) (23,152) (2,012) (23,152)
Exchange differences (2,274) 52,245 575 51,998
Closing balance 9,433,841 9,609,580 8,869,024 8,991,886
Specific allowance (3,624,829) (3,541,718) (3,324,428) (3,249,740)
Net non-performing loans, advances and
financing 5,809,012 6,067,862 5,544,596 5,742,146
Net NPL as a% of gross loans, advances

and financing less specific allowance 4.68% 4.93% 4.62% 4.83%
A11f. Movement in allowance for bad and doubtful debts (and financing) accounts are as follows:
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
General Allowance
At 1 July 2005/2004 2,810,356 3,625,584 2,596,076 2,689,417
Allowance made during the period/year 13,569 22,934 - -
Amount written back (4,485) (833,555) (4,434) (88,753)
Transfer from/(to) specific allowance 12,871 (7,289) 6,365 (7,237)
Exchange differences (4,886) 2,682 (2,000) 2,649
Closing balance 2,827,425 2,810,356 2,596,007 2,596,076
As % of gross loans, advances and

financing less specific allowance 2.28% 2.28% 2.16% 2.18%
A11g. Movement in allowance for bad and doubtful debts (and financing) accounts are as follows:(continued)
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Specific Allowance
At 1 July 2005/2004 3,541,718 3,634,101 3,249,740 2,688,326
Allowance made during the period/year 583,780 2,641,324 547,917 2,124,527
Transfer from the finance subsidiary - - - 772,431
Amount written back in respect of recoveries (255,045) (707,911) (241,722) (430,957)
Amount written off (229,722) (1,949,754) (211,111) (1,828,805)
Amount transferred to accumulated
impairment losses in value of securities (2,012) (23,152) (2,012) (23,152)
Transfer to restructured/rescheduled loans (7,000) (65,632) (7,000) (65,632)
Transfer (to)/from general allowance (12,871) 7,289 (6,365) 7,237
Exchange differences 5,981 5,453 (5,019) 5,765
Closing balance 3,624,829 3,541,718 3,324,428 3,249,740
(3813-K)
A12. Other Assets

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Interest/Income receivable 585,963 485,023 462,510 459,627

Other debtors, deposits and prepayments 1,414,623 1,023,970 786,442 479,448
Foreclosed properties 116,510 117,266 54,516 54,524
Investment properties 17,667 38,074 - -
Derivatives 26,696 - 26,696 -
2,161,459 1,664,333 1,330,164 993,599
A13. Deposits from Customers
Fixed deposits and negotiable instruments

of deposits
- One year or less 81,402,790 78,743,307 68,719,860 66,983,183
- More than one year 2,522,831 3,373,895 2,303,778 3,157,274
Savings deposits 25,379,549 22,947,897 22,611,949 22,697,326
Demand deposits 22,832,033 26,002,946 25,434,080 25,437,930
132,137,203 131,068,045 119,069,667 118,275,713
By type of customer
Government and statutory bodies 8,736,135 8,147,680 5,789,407 5,064,055
Business enterprise 55,055,317 52,297,166 45,577,838 43,737,516
Individuals 63,949,479 63,788,782 63,553,053 63,411,919
Others 4,396,272 6,834,417 4,149,369 6,062,223
132,137,203 131,068,045 119,069,667 118,275,713
A14. Deposits and Placement of Banks and Other

Financial Institutions and Debt Securities
Licensed banks 14,397,265 13,258,419 16,240,708 15,804,783

Licensed finance companies 18,226 303,427 18,226 54,113
Licensed merchant banks 10,487 9,998 10,487 9,998
Licensed discount houses 505,000 94,600 505,000 94,600
Other financial institutions 4,463,116 4,694,738 4,463,081 3,910,700
19,394,094 18,361,182 21,237,502 19,874,194
Maturity structure of deposits and placements

of banks and other financial institutions
- One year or less 14,963,567 14,644,226 17,334,493 16,157,238
- More than one year 4,430,527 3,716,956 3,903,009 3,716,956
19,394,094 18,361,182 21,237,502 19,874,194
Subordinated obligations
Unsecured
1 1
- less than one year - 950,000 - 950,000
2 2 2 2
- more than one year 2,042,410 2,054,000 2,042,410 2,054,000
1
Subordinated Notes of USD250 million.
2
Includes Subordinated Notes of USD380 million.
(3813-K)
A15. Other Liabilities
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Interest/Profit payable 778,557 726,507 748,258 710,358

Provision for outstanding claims 190,591 191,190 - -
Unearned premium reserves 113,621 109,969 - -
Provision for commitments and contingencies 7,208 7,208 - -
Profit Equalisation Reserves 251,406 250,839 239,984 238,604
Provisions and accruals 501,794 421,271 452,671 518,443
Due to brokers and clients 243,156 115,183 - -
Deposits and other creditors 1,406,638 1,307,975 1,910,337 1,672,998
Derivatives 239,507 - 232,005 -
3,732,478 3,130,142 3,583,255 3,140,403
(3813-K)
A16. Interest Income
1st Quarter ended Three months ended

30 September 30 September 30 September 30 September
2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Group
Loans, advances and financing
- Interest income other than recoveries
from NPL 1,402,812 1,255,896 1,402,812 1,255,896
- Recoveries from NPLs 84,416 110,851 84,416 110,851
Money at call and deposit placements
with financial institutions 293,002 254,154 293,002 254,154
Securities held-for-trading/dealing securities 41,822 20,759 41,822 20,759
Securities available-for-sale/investment securities 253,443 270,136 253,443 270,136
Securities held-to-maturity 9,115 - 9,115 -
Others
2,084,610 1,911,796 2,084,610 1,911,796
Amortisation of premium less accretion
of discount (6,347) (20,393) (6,347) (20,393)
Interest income suspended (18,351) (19,052) (18,351) (19,052)
2,059,912 1,872,351 2,059,912 1,872,351
Bank
- Interest income other than recoveries
from NPL 1,337,208 925,365 1,337,208 925,365
- Recoveries from NPLs 83,059 71,173 83,059 71,173
Money at call and deposit placements
with financial institutions 258,970 230,130 258,970 230,130
Securities held-for-trading/dealing securities 34,591 10,695 34,591 10,695
Securities available-for-sale/investment securities 197,463 210,754 197,463 210,754
Securities held-to-maturity 4,316 - 4,316 -
Others - - - -
1,915,607 1,448,117 1,915,607 1,448,117
Amortisation of premium less accretion
of discount (10,270) (22,878) (10,270) (22,878)
Interest income suspended (16,798) (10,219) (16,798) (10,219)
1,888,539 1,415,020 1,888,539 1,415,020
A17. Interest Expense
Group
Deposits and placements of banks and
other financial institutions 216,720 122,284 216,720 122,284
Deposits from customers 647,468 587,083 647,468 587,083
Loans sold to Cagamas 48,337 70,494 48,337 70,494
Subordinated notes 46,251 47,904 46,251 47,904
Others - 5,834 - 5,834
958,776 833,599 958,776 833,599
Bank
Deposits and placements of banks and
Deposits from customers 590,996 452,291 590,996 452,291
Loans sold to Cagamas 48,338 29,725 48,338 29,725
Subordinated notes 44,778 47,903 44,778 47,903
Others 1,238 1,033 1,238 1,033
862,976 635,934 862,976 635,934
(3813-K)
A18. Other Operating Income

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Group
(a) Fee income:
Commissions 121,560 107,821 121,560 107,821
Service charges and fees 134,491 110,727 134,491 110,727
Guarantee fees 22,561 19,619 22,561 19,619
Commitment fees
Unit trust management fees
Net brokerage and commissions
from stock broking activities 11,550 14,006 11,550 14,006
Other fee income 14,924 10,722 14,924 10,722
305,086 262,895 305,086 262,895
(b) Gain/loss arising from sale of securities:

Net gain from sale of securities
held-for-trading/dealing securities 39,579 2,083 39,579 2,083
available-for-sale/investment securities 103,015 62,813 103,015 62,813
142,594 64,896 142,594 64,896
(c) Gross dividend from

Securities held-for-trading - 33 - 33
Securities available-for-sale - 1,865 - 1,865
- 1,898 - 1,898
(d) Unrealised gains/(losses) on revaluation of

securities held-for-trading and derivatives (14,655) - (14,655) -
Write back of impairment losses on securities 37,190 34,734 37,190 34,734
22,535 34,734 22,535 34,734
(e) Other income:

Foreign exchange profit/(loss)
- Realised 83,000 81,130 83,000 81,130
- Unrealised 22,759 8,825 22,759 8,825
Net premiums written 64,512 55,777 64,512 55,777
Rental Income 4,505 2,691 4,505 2,691
Gains on disposal of property, plant
and equipment - 986 - 986
Gain on disposal of foreclosed
properties 347 615 347 615
Others 18,657 21,243 18,657 21,243
193,780 171,267 193,780 171,267
Total other operating income 663,995 535,690 663,995 535,690

(3813-K)
A18. Other Operating Income (continued)

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Bank
(a) Fee income:
Commissions 128,599 113,933 128,599 113,933
Service charges and fees 117,564 88,987 117,564 88,987
Guarantee fees 22,478 19,031 22,478 19,031
Other fee income 5,858 5,707 5,858 5,707
274,499 227,658 274,499 227,658
(b) Gain/(loss) arising from sale of securities:

held-for-trading/dealing securities 22,906 303 22,906 303
Net gain/(loss) from sale of securities
available-for-sale/investment securities 96,196 43,528 96,196 43,528
Net gain from sale of associated company 4,320 - 4,320 -
123,422 43,831 123,422 43,831
(c) Gross dividend income from:

Securities held-for-trading - - - -
Securities available-for-sale 1,682 16 1,682 16
Securities held-to-maturity - - - -
Associated companies - - - -
Subsidiary companies - 762,500 - 762,500
1,682 762,516 1,682 762,516
(d) Unrealised gains/(losses) on revaluation of

securities held-for-trading and derivatives/
provision for diminution in value (93) 27,878 (93) 27,878
Write back of impairment losses on securities 32,025 - 32,025 -
31,932 27,878 31,932 27,878
(e) Other income:

Foreign exchange profit/(loss)
- Realised 83,000 81,130 83,000 81,130
- Unrealised 19,102 7,609 19,102 7,609
Rental Income 4,621 3,190 4,621 3,190
Gain on disposal of property
and equipment (net) - 1,075 - 1,075
Others 16,216 13,940 16,216 13,940
122,939 106,944 122,939 106,944
Total other operating income 554,474 1,168,827 554,474 1,168,827

(3813-K)
A19. Other Operating Expenses

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Group
Personnel costs
- Salaries, allowances and bonuses 273,650 246,786 273,650 246,786
- Pension costs 39,589 35,694 39,589 35,694
- Others 41,703 37,647 41,703 37,647
Establishment costs
- Depreciation 44,098 37,924 44,098 37,924
- Rental 14,329 14,949 14,329 14,949
- Repairs and manitenance of property,
plant and equipment 28,353 25,133 28,353 25,133
- Information technology expenses 38,222 59,183 38,222 59,183
- Others 6,529 3,723 6,529 3,723
Marketing expenses
- Advertisement and publicity 59,133 39,179 59,133 39,179
- Others 8,134 5,343 8,134 5,343
Administration and general expenses
- Fees and brokerage 72,713 68,848 72,713 68,848
- Administrative expenses 50,462 45,339 50,462 45,339
- General expenses 57,955 43,660 57,955 43,660
- Others 8,302 10,075 8,302 10,075
743,172 673,483 743,172 673,483
Bank
Personnel costs
- Salaries, allowances and bonuses 256,071 202,387 256,071 202,387
- Pension costs 36,921 29,916 36,921 29,916
- Others 32,202 26,544 32,202 26,544
Establishment costs
- Depreciation 39,312 34,092 39,312 34,092
- Rental 13,171 13,791 13,171 13,791
- Repairs and manitenance of property,
plant and equipment 26,313 12,703 26,313 12,703
- Information technology expenses 35,506 57,749 35,506 57,749
- Others 4,093 1,285 4,093 1,285
Marketing expenses
- Advertisement and publicity 45,612 23,810 45,612 23,810
- Others 12,889 12,887 12,889 12,887
Administration and general expenses
- Fees and brokerage 71,284 53,343 71,284 53,343
- Administrative expenses 52,285 35,278 52,285 35,278
- General expenses 21,682 25,827 21,682 25,827
- Others 8,299 8,637 8,299 8,637
655,640 538,249 655,640 538,249
(3813-K)
A20. Allowance for Losses on Loans, Advances and Financing

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Group
Allowance for bad and doubtful debts
and financing:
- general allowance (net) 9,084 22,615 9,084 22,615
- specific allowance 583,780 495,226 583,780 495,226
- specific allowance written back (255,045) (196,434) (255,045) (196,434)
Net write back of allowance in share
broking activities
Bad debts and financing written off 51,470 1,638 51,470 1,638
Bad debts and financing recovered (113,690) (54,853) (113,690) (54,853)
275,599 268,192 275,599 268,192
Bank
Allowance for bad and doubtful debts
and financing:
- general allowance (net) (4,434) 565,438 (4,434) 565,438
- specific allowance 547,917 301,388 547,917 301,388
- specific allowance written back (241,722) (98,099) (241,722) (98,099)
Net write back of allowance in share
broking activities - - - -
Bad debts and financing written off 51,470 264 51,470 264
Bad debts and financing recovered (95,115) (25,147) (95,115) (25,147)
258,116 743,844 258,116 743,844

(3813-K)
A21. SEGMENT INFORMATION ON REVENUES, RESULTS, ASSETS AND LIABILITIES
BUSINESS SEGMENT
Banking and Finance Investment Banking Insurance and Takaful Others Eliminations Consolidated
Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004
REVENUE AND EXPENSES RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Revenue
External revenue 2,949,676 2,274,157 123,276 102,658 83,590 61,947 6,492 27,436 - 3,163,034 2,466,198
Inter-segment revenue 65,442 797,854 2,598 2,136 8,350 8,078 3,728 5,004 (80,118) (813,072) - -
Total revenue 3,015,118 3,072,011 125,874 104,794 91,940 70,025 10,220 32,440 (80,118) (813,072) 3,163,034 2,466,198
Result
Segment results 1,323,928 1,845,196 40,601 49,534 25,750 25,274 (3,084) 19,132 - (764,860) 1,387,195 1,174,276
Finance costs (163,606) (110,665) (1,136) (2,641) - - - - - (164,742) (113,306)
Operating profit 1,160,322 1,734,531 39,465 46,893 25,750 25,274 (3,084) 19,132 - (764,860) 1,222,453 1,060,970
Loan loss and provision (283,847) (268,579) 7,564 787 684 - - (400) - (275,599) (268,192)
Share of net profits of associates - - - - - - 24 423 - - 24 423
Profit before taxation 876,475 1,465,952 47,029 47,680 26,434 25,274 (3,060) 19,155 - (764,860) 946,878 793,201
Taxation & Zakat (244,825) (420,982) (11,154) (8,244) (9,068) (7,401) (2,371) (2,088) - 214,157 (267,418) (224,558)
Profit after taxation and zakat 631,650 1,044,970 35,875 39,436 17,366 17,873 (5,431) 17,067 - (550,703) 679,460 568,643
Minority interest - - - - - - - - - - (6,515) (13,604)
Net profit for the year 631,650 1,044,970 35,875 39,436 17,366 17,873 (5,431) 17,067 - (550,703) 672,945 555,039
OTHER INFORMATION
Capital expenditure 39,464 30,580 444 1,351 64 45 31 398 - - 40,003 32,374
Depreciation 40,274 39,822 1,572 1,482 1,700 2,029 551 342 - - 44,097 43,675
Non-cash expenses/(income)
other than depreciation 141,770 105,058 (3,452) (4,440) (4,400) (2,294) 2 - - - 133,920 98,324
Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 Sept 2005 June 2005 June 2005 June 2005
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
ASSETS AND LIABILITIES
Segment assets 190,518,238 187,080,016 10,577,668 10,973,432 5,756,847 5,283,241 287,686 298,022 (10,400,305) (11,759,499) 196,740,134 191,875,212
Investment in associates companies 6,523 6,164 - - - - 541 13,884 - - 7,064 20,048
Total assets 190,524,761 187,086,180 10,577,668 10,973,432 5,756,847 5,283,241 288,227 311,906 (10,400,305) (11,759,499) 196,747,198 191,895,260
Total segment liabilities 172,265,520 170,141,103 9,187,970 9,584,975 4,377,172 3,950,914 164,919 166,828 (6,859,374) (8,802,313) 179,136,207 175,041,507
GEOGRAPHICAL SEGMENT
Revenue from external
Customers Profit Before Tax & Zakat Capital expenditure Segment assets
Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 Sept 2004 Sept 2005 June 2005
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Malaysia 2,739,134 2,933,570 864,653 1,481,105 37,042 23,054 174,579,560 172,260,910
Singapore 313,594 213,723 45,172 46,106 2,551 8,526 23,338,823 21,764,859
Other locations 190,424 131,977 37,053 30,851 410 794 9,229,120 9,628,990
3,243,152 3,279,270 946,878 1,558,062 40,003 32,374 207,147,503 203,654,759
Eliminations (80,118) (813,072) - (764,201) - - (10,400,305) (11,759,499)
Consolidated 3,163,034 2,466,198 946,878 793,861 40,003 32,374 196,747,198 191,895,260
(3813-K)
A22. Carrying Amount of Revalued Assets
The Group’s and the Bank’s property and equipment are stated at cost less accumulated depreciation and
accumulated impairment losses. There was no change in the valuation of property and equipment that were brought
forward from the previous audited annual financial statements for the year ended 30 June 2005.
A23. Subsequent Events
(a) Share Buy-back
On 8 October 2005, at an extraordinary general meeting of the Bank, the shareholders approved a resolution for
the Bank to buy-back its own shares.
(b) Transfer of Businesses of Aseamlease Berhad and Aseam Credit Sdn Bhd to Maybank
The businesses of Aseamlease Berhad and Aseam Credit Sdn Bhd were transferred to Maybank with effect
from 2 November 2005.
(c) Memorandum Of Understanding For The Proposed Disposal Of Mayban Unit Trust Berhad (MUTB)
On 27 October 2005, Maybank, Aseambankers Malaysia Berhad (“Aseambankers”) and Mayban Securities Sdn
Bhd (“Mayban Securities”) had entered into a Memorandum of Understanding (MOU) with Amanah Saham
Nasional Berhad (“ASNB”), a wholly owned subsidiary of Permodalan Nasional Berhad (“PNB”), for the sale
of the entire issued and paid-up share capital of Mayban Unit Trust Berhad (“MUTB”).
PNB is a substantial shareholder of Maybank and as such the Proposed Disposal is deemed a related party
transaction pursuant to Paragraph 10.08 of Bursa Malaysia Securities Berhad’s Listing Requirements.
Based on the MOU, if Maybank, Aseambankers, Mayban Securities (collectively the “Vendors”) and ASNB
decide to proceed with the Proposed Disposal, the consideration payable by ASNB will be mutually agreed
between the Vendors and ASNB after the completion of an independent valuation and due diligence review.
In addition, both the Vendors and ASNB have to mutually agree to the terms and conditions of certain ancillary
agreements to be entered into (which include, inter alia, the execution of a sale and purchase agreement for the
Proposed Disposal).
Should the Vendors and ASNB be unable to agree to and execute the abovementioned ancillary agreements
within four (4) months from the date of this MOU or any such other date which the parties may mutually agree,
then the MOU shall become null and void thereafter.
(d) Issue of Islamic Subordinated Debts
The Bank has obtained approval from Bank Negara Malaysia, the Securities Commission and the shareholders
to issue RM1.0 billion Islamic Subordinated Bonds to finance its Islamic financial activities. The issuance of
these Islamic Bonds is expected to be completed within the month of November 2005.
These events subsequent to the balance sheet date do not require adjustments to these unaudited interim financial
statements.
(3813-K)
A24. Changes in the Composition of the Group
(a) Increase in Equity Interest in Aseambankers Malaysia Berhad (Aseambankers)
Maybank’s equity interest in Aseambankers increased from 79.69% to 94.69% following the acquisition of
7,517,400 ordinary shares of RM1.00 each from three minority shareholders for a total cash consideration of
RM83.3 million.
(b) Disposal of Associated Company
During the period to 30 September 2005, Maybank disposed of its entire equity interest of 45%, representing
2,700,000 ordinary shares of RM1.00 each in Computer Recovery Centre Sdn Bhd for an amount of
RM6,950,000.
A25. Commitments and Contingencies and Off-Balance Sheet Financial Instruments (continued)
Market Risk
Market risk is the potential change in value caused by movement in market rates or prices. The contractual amounts
provide only a measure of involvement in these types of transactions and do not represent the amounts subject to
market risk. Exposure to market risk may be reduced through offsetting on and off-balance sheet positions. As at 30
September 2005, the amount of contracts that were not hedged in the Group and the Bank and, hence, exposed to
market risk was RM120.97 million (30 June 2004 : RM119.44 million).
Credit Risk
Credit risk arises from the possibility that a counter-party may be unable to meet the terms of a contract in which
the Group and the Bank has a gain in a contract. As at 30 September 2005, the amount of credit risk in the Group
and the Bank, measured in terms of the cost to replace the profitable contracts, was RM96.15 million (30 June 2004:
RM67.84 million). This amount will increase or decrease over the life of the contracts, mainly as a function of
maturity dates and market rates or prices.
Related Accounting Policies
Commencing 1 July 2005 (first day of the current financial year), derivative financial instruments are measured at
fair value and are carried as assets when the fair value is positive and as liabilities when the fair value is negative.
Any gain or loss arising from a change in the fair value of the derivatives is recognised in the income statements
unless they are part of a hedging relationship that qualifies for hedge accounting where the gain or loss is
recognised as follows:
Fair value hedge

Where a derivative financial instrument hedges the changes in fair value of a recognized asset or liability, any gain
or loss on the hedging instrument is recognized in the income statement. The hedged item is also stated at fair value
in respect of the risk being hedged, with any gain or loss being recognised in the income statement.
Cash flow hedge

Gains and losses on the hedging instrument, to the extent that the hedge is effective, are deferred in the separate
component of equity. The ineffective part of any gain or loss is recognized in the income statement. The deferred
gains and losses are then released to the income statement in the periods when the hedged items affect the income
statement.
(3813-K)
A25. Commitments and Contingencies and Off-Balance Sheet Financial Instruments
In the nomal course of business, the Bank and its subsidiaries make various commitments and incur certain contingent liabilities with legal recourse to its customers.
No material losses are anticipated as a result of these transactions.
The risk-weighted exposures of the Bank and its subsidiaries as at the following dates are as follows:
As at As at
30 September 2005 30 June 2005
Credit Risk Credit Risk
Notional Equivalent Weighted Notional Equivalent Weighted
Amount Amount* Amount Amount Amount* Amount
Group RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Direct credit substitutes 5,362,607 5,362,607 5,268,921 5,320,687 5,320,687 5,148,704

Certain transaction-related contingent items 6,006,479 3,003,239 2,834,714 5,975,347 2,987,673 2,810,889
Short-term self-liquidating trade-related contingencies 7,827,481 1,565,496 478,079 8,027,254 1,605,451 475,399
Islamic housing and hire purchase loans sold to Cagamas Berhad 718,584 718,584 483,475 747,516 747,516 508,866
Obligations under underwriting agreements 380,261 190,131 190,131 393,537 196,769 196,769
Irrevocable commitments to extend credit:
- maturity within one year 42,563,406 - - 39,382,518 - -
- maturity exceeding one year 5,731,068 2,865,534 2,011,511 5,349,646 2,674,823 1,939,408
Foreign exchange related contracts:
- less than one year 25,097,677 291,305 107,969 25,495,197 239,934 90,393
- one year to less than five years 253,773 19,078 - 219,892 10,803 -
- five years and above - 7,461 - -
Interest rate related contracts:
- one year to less than five years 5,264,015 250,464 45,659 7,156,136 296,026 51,438
- five years and above 3,443,864 166,307 29,855 2,266,263 232,562 36,429
Miscellaneous 2,392,438 - - 2,253,492 -
112,404,735 14,578,290 11,476,462 109,451,821 14,409,802 11,273,120
(3813-K)
A25. Commitments and Contingencies and Off-Balance Sheet Financial Instruments (continued)
As at As at
30 September 2005 30 June 2005
Credit Risk Credit Risk
Notional Equivalent Weighted Notional Equivalent Weighted
Amount Amount* Amount Amount Amount* Amount
Bank RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
Direct credit substitutes 4,590,970 4,590,970 4,574,073 4,486,618 4,486,618 4,430,077

Certain transaction-related contingent items 5,993,564 2,996,782 2,830,357 5,965,051 2,982,526 2,808,122
Short-term self-liquidating trade-related contingencies 7,810,060 1,562,012 476,475 8,006,585 1,601,317 475,177
Islamic housing and hire purchase loans sold to Cagamas Berhad 718,584 718,584 483,475 747,516 747,516 508,866
Obligations under underwriting agreements 276,261 138,131 138,130 262,429 131,215 131,215
Irrevocable commitments to extend credit:
- maturity within one year 42,442,836 - - 39,030,173 - -
- maturity exceeding one year 5,631,567 2,815,784 1,999,937 5,318,584 2,659,292 1,923,877
Foreign exchange related contracts:
- one year to less than five years 230,034 10,814 - 208,960 10,803 -
Interest rate related contracts:
- one year to less than five years 5,137,877 246,687 43,996 7,027,515 293,750 45,364
- five years and above 3,308,312 162,632 29,005 2,235,793 230,391 35,579
Miscellaneous 2,387,912 - - 2,245,253 -
110,892,884 13,667,470 10,709,337 107,615,751 13,477,882 10,463,267
* The credit equivalent amount is arrived at using the credit conversion factors as specified by Bank Negara Malaysia.
(3813-K)
A26. Interest/Profit Rate Risk
Non trading book
Non- Effective
Group Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
As at 30 September 2005 1 month months months years over 5 sensitive book Total rate
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 %
ASSETS
Cash and short-term funds 18,668,507 2,377,114 2,000 - - 3,740,075 - 24,787,696 2.84
banks and other financial
institutions 48,733 7,840,937 1,261,512 - - 575,566 - 9,726,748 2.99
Securities purchased under resale -
agreements 111,217 99,830 170,464 - - - - 381,511 2.82
Securities 426,870 589,358 304,832 3,265,340 963,897 155,479 22,637,058 28,342,834 3.86
Loans, advances and financing -
- performing 37,470,645 18,668,102 12,229,439 16,059,677 26,763,918 6,310,571 - 117,502,352 6.30
- non-performing* - - - - - 2,981,587 - 2,981,587 -
Life, general takaful and family
takaful fund assets - - - - - 3,935,594 - 3,935,594 -
Other non-interest sensitive
balances - - - - - 9,088,876 - 9,088,876 -
TOTAL ASSETS 56,725,972 29,575,341 13,968,247 19,325,017 27,727,815 26,787,748 22,637,058 196,747,198
(3813-K)
A26. Interest/Profit Rate Risk (contd)
Non trading book
Non- Effective
LIABILITIES AND
Deposits from customers 54,676,134 12,364,353 22,280,105 7,411,986 247,261 35,157,354 - 132,137,193 2.16
Deposits and placements with -
banks and other financial -
institutions 10,970,920 1,944,608 2,147,034 2,106,567 678,773 1,546,193 - 19,394,095 2.89
Obligations on securities sold -
under repurchase agreements 7,961,579 1,285,003 2,256 - - - - 9,248,838 2.88
Bills and acceptances payable 913,747 862,922 330,408 - - 1,281,968 - 3,389,045 2.88
Recourse obligations on loans -
sold to Cagamas - - 493,615 3,802,612 - - - 4,296,227 4.18
Subordinated notes - - 610,000 1,432,410 - - - 2,042,410 4.63
takaful fund liabilities - - - - - 211,498 211,498 -
takaful policy holders' funds - - - - - 3,724,096 3,724,096 -
Other non-interest sensitive -
balances - - - - - 4,692,805 4,692,805 -
Total Liabilities 74,522,380 16,456,886 25,863,418 14,753,575 926,034 46,613,914 - 179,136,207
Shareholders' equity - - - - - 17,227,531
Minority interests - - - - - 383,460
Total Liabilities and
Shareholders' Equity 74,522,380 16,456,886 25,863,418 14,753,575 926,034 64,224,905 - 179,136,207
On-balance sheet interest

sensitivity gap (16,336,883) 12,799,193 (11,831,358) 4,371,722 28,845,094 (38,937,044) 21,089,276 -
Off-balance sheet interest
sensitivity gap (interest rate swaps) (1,767,906) 3,579,615 5,000 (124,463) (575,841) (1,116,405) - -
Total interest sensitivity gap (18,104,789) 16,378,808 (11,826,358) 4,247,259 28,269,253 (40,053,449) 21,089,276 -
* The is arrived at after deducting the general allowance and specific allowance from the outstanding non-performing loans.
(3813-K)
Non trading book
Non- Effective
As at 30 June 2005 1 month months months years over 5 sensitive book Total rate
ASSETS
Cash and short-term funds 18,253,501 - - - - 4,342,943 - 22,596,444 2.87
institutions 134,438 7,587,548 1,015,314 8,287 60,307 518,902 - 9,324,796 2.92
agreements 197,481 102,376 - - - - - 299,857 1.28
Dealing securities 104,378 70,317 163,756 25,000 240,038 25,621 - 629,110 4.32
Investment securities 2,760,802 2,706,484 2,158,235 9,559,315 5,702,042 4,745,028 - 27,631,906 4.01
- performing 34,517,481 21,693,037 12,831,875 11,424,879 20,220,528 15,648,508 - 116,336,308 6.30
- non-performing* - - - - - 3,257,506 - 3,257,506 -
takaful fund assets - - - - - 3,600,656 - 3,600,656 -
balances - - - - - 8,218,677 - 8,218,677 -
TOTAL ASSETS 55,968,081 32,159,762 16,169,180 21,017,481 26,222,915 40,357,841 - 191,895,260
(3813-K)
Non trading book
Non- Effective
LIABILITIES AND
institutions 6,980,048 3,671,226 1,673,411 1,874,297 603,937 3,558,263 - 18,361,182 2.62
under repurchase agreements 7,051,486 339,742 236,217 250 - - - 7,627,695 2.53
sold to Cagamas - 507,620 484,357 3,998,796 - - - 4,990,773 4.39
Subordinated notes - 950,000 610,000 1,444,000 - - - 3,004,000 6.34
takaful fund liabilities - - - - - 120,506 - 120,506 -
takaful policy holders' funds - - - - - 3,480,150 - 3,480,150 -
balances - - - - - 4,031,032 - 4,031,032 -
Shareholders' equity - - - - - 16,401,309 16,401,309
Minority interests - - - - - 452,444 452,444

sensitivity gap (16,971,886) 13,933,846 (9,539,998) 11,752,419 25,458,060 (24,632,441) - -
sensitivity gap (interest rate swaps) 902,400 5,322,571 (912,736) (3,272,400) (2,039,835) - - -
Total interest sensitivity gap (16,069,486) 19,256,417 (10,452,734) 8,480,019 23,418,225 (24,632,441) - -
(3813-K)
Non trading book
Non- Effective
Bank Up to >1 - 3 >3 - 12 >1 - 5 interest Trading interest
ASSETS
banks and other financial - - - - - - - -
institutions 20,623 8,867,627 1,140,911 - - 377,953 - 10,407,114 2.98
agreements 107,548 99,830 170,464 - - - - 377,842 2.88
Securities 1,093 137,713 60,371 2,702,863 654,180 152,818 19,519,725 23,228,763 3.86
- performing 35,950,826 17,432,677 11,416,162 15,868,128 26,708,635 6,289,535 - 113,665,963 6.34
- non-performing* - - - - - 2,948,589 - 2,948,589
balances - - - - - 9,965,517 - 9,965,517
TOTAL ASSETS 51,777,363 26,537,847 12,787,908 18,570,991 27,362,815 23,284,989 19,519,725 179,841,638
(3813-K)
Non trading book
Non- Effective
LIABILITIES AND
institutions 10,091,038 1,926,645 3,388,482 2,106,567 678,773 3,045,997 - 21,237,502 2.76
under repurchase agreements 7,961,579 1,103,591 2,256 - - - - 9,067,426 2.50
sold to Cagamas - - 493,615 3,802,612 - - - 4,296,227 4.18
Subordinated notes - - 610,000 1,432,410 - - - 2,042,410 4.63
balances - - - - - 4,495,355 - 4,495,355
Shareholders' equity - - - - - 15,976,833 - 15,976,833

sensitivity gap (15,992,055) 12,120,773 (13,990,805) 9,274,697 26,597,699 (37,530,033) 19,519,724 -
sensitivity gap (interest rate swaps) (1,767,906) 3,385,615 5,000 (124,463) (381,841) (1,116,405) - -
Total interest sensitivity gap (17,759,961) 15,506,388 (13,985,805) 9,150,234 26,215,858 (38,646,438) 19,519,724 -
(3813-K)
Non trading book
Non- Effective
ASSETS
banks and other financial
institutions 121,317 7,530,271 1,927,650 7,897 - 388,601 - 9,975,736 2.92
Securities purchased under resale
agreements 194,495 102,376 - - - - - 296,871 1.27
Dealing securities 10,704 56,158 163,755 - - - 230,617 2.64
Investment securities 1,879,753 1,637,198 1,245,340 7,792,324 5,080,108 4,262,837 - 21,897,560 3.96
- performing 32,888,392 20,182,258 12,170,515 11,256,094 20,189,618 15,648,685 - 112,335,562 6.33
- non-performing* - - - - - 3,146,070 - 3,146,070 -
balances - - - - - 9,072,893 - 9,072,893 -
TOTAL ASSETS 49,611,210 29,508,261 15,507,260 19,056,315 25,269,726 36,481,941 - 175,434,713
(3813-K)
Non trading book
Non- Effective
LIABILITIES AND
Deposits from customers 48,017,028 10,960,635 22,541,627 1,898,414 - 34,858,009 - 118,275,713 2.10
institutions 8,150,273 3,957,420 1,728,807 1,874,297 603,937 3,559,460 - 19,874,194 2.48
under repurchase agreements 6,846,060 339,742 236,217 250 - - 7,422,269 2.53
sold to Cagamas - 507,620 484,357 3,998,796 - - - 4,990,773 4.39
Subordinated notes - 950,000 610,000 1,444,000 - - - 3,004,000 6.34
balances - - - - - 3,995,917 - 3,995,917 -
Shareholders' equity - - - - - 15,179,279 - 15,179,279

sensitivity gap (13,651,990) 12,599,276 (10,269,208) 9,840,558 24,665,789 (23,184,425) - -
sensitivity gap (interest rate swaps) 902,399 5,322,571 (912,735) (3,272,400) (2,039,835) - - -
Total interest sensitivity gap (12,749,591) 17,921,847 (11,181,943) 6,568,158 22,625,954 (23,184,425) - -
(3813-K)
A27. Capital Adequacy
The capital adequacy ratios of the Group and the Bank, based on credit and market risks as at the following dates:
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Before deducting dividends:
Core capital ratio 11.21% 11.45% 10.84% 11.07%
Risk-weighted capital ratio 14.69% 15.02% 13.48% 13.86%
After deducting dividends:

Core capital ratio 9.09% 10.27% 8.59% 9.81%
Risk-weighted capital ratio 12.58% 13.84% 11.24% 12.61%
Components of Tier I and Tier II capital:

Tier I capital
Paid-up share capital 3,732,396 3,721,052 3,732,396 3,721,053
Share premium 1,595,201 1,501,117 1,595,201 1,501,117
Other reserves 1 11,114,651 11,114,651 9,867,691 9,867,691
Tier I minority interest 204,810 215,226 - -
Less: Deferred tax assets 1 (963,946) (963,946) (911,753) (911,753)
Total Tier I capital 15,683,112 15,588,100 14,283,535 14,178,108
Tier II capital
Subordinated obligations 2,042,410 2,054,000 2,042,410 2,054,000
General allowance for bad and
doubtful debts 2,827,425 2,810,356 2,596,007 2,596,076
Total Tier II capital 4,869,835 4,864,356 4,638,417 4,650,076
Total capital 20,552,947 20,452,456 18,921,952 18,828,184
Less: Investment in subsidiary companies 2 - - (1,159,086) (1,075,978)
Capital base 20,552,947 20,452,456 17,762,866 17,752,206
1
Under Bank Negara Guidelines, unaudited profits (which includes deferred tax) are not allowed for computation of capital
adequacy ratios.
2
Excludes the cost of investment in a subsidiary, Myfin Berhad (formerly known as Mayban Finance Berhad) of RM840.0 million
as its business, assets and liabilities have been transferred to the Bank.
(3813-K)
A28. Operations of Islamic Banking
A28a. Unaudited Balance Sheets as at 30 September 2005

Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
ASSETS
Cash and short-term funds 1,130,980 2,644,671 906,358 2,264,460
Deposits and placements with banks and
Securities 3,305,678 3,401,307 3,001,184 3,019,940
Financing, advances and other loans 16,097,989 16,052,758 16,097,989 16,052,758
Deferred tax assets 235,722 235,516 231,964 230,410
Other assets 17,245 14,176 12,159 9,543
Total Assets 21,403,127 22,815,494 20,529,681 21,918,101
LIABILITIES AND ISLAMIC

BANKING FUNDS
Deposits from customers 14,314,642 15,335,991 14,072,460 15,044,703
Deposit and placements of banks
and other financial institutions 2,504,834 3,140,408 2,504,834 3,125,900
Bills and acceptances payable 1,236,813 1,191,359 1,236,813 1,191,359
Other liabilities 1,328,481 1,169,572 1,316,341 1,156,729
Provision for tax expense and zakat 48,119 171,593 40,917 165,017
Total Liabilities 19,432,889 21,008,923 19,171,365 20,683,708
Islamic Banking Funds 1,970,238 1,806,571 1,358,316 1,234,393
Total Liabilities and Islamic
Banking Funds 21,403,127 22,815,494 20,529,681 21,918,101
COMMITMENTS AND
CONTINGENCIES 4,889,892 3,194,904 4,889,892 3,194,904

(3813-K)
A28b. Unaudited Income Statements for the 1st Quarter and Three Months Ended 30 September 2005

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Group
Income derived from investment of
depositors' funds 309,325 266,262 309,325 266,262
Allowance for losses on financing, advances
and other loans (35,364) (80,368) (35,364) (80,368)
Tranfer to profit equalisation reserve (566) (20,572) (566) (20,572)
Other expenses directly attributable to depositors
and Islamic Banking Funds (6,198) (4,554) (6,198) (4,554)
Total attributable income 267,197 160,768 267,197 160,768
Income attributable to the depositors (117,848) (92,943) (117,848) (92,943)
Income attributable to the reporting institution 149,349 67,825 149,349 67,825
Total net income 165,130 79,643 165,130 79,643
Other operating expenses (5,713) (5,716) (5,713) (5,716)
Profit before zakat and tax expense 159,417 73,927 159,417 73,927
Zakat (68) - (68) -
Tax expense (40,352) (20,635) (40,352) (20,635)
Net profit for the financial period 118,997 53,292 118,997 53,292
(3813-K)
A28b. Unaudited Income Statements for the 1st Quarter and Three Months Ended 30 September 2005 (contd)

2005 2004 2005 2004
RM'000 RM'000 RM'000 RM'000
Bank
Allowance for losses on financing, advances
and other loans (39,364) (66,230) (39,364) (66,230)
Tranfer to profit equalisation reserve (1,379) (18,332) (1,379) (18,332)
Other expenses directly attributable to depositors
and Islamic Banking Funds (6,020) (4,554) (6,020) (4,554)
Total attributable income 253,042 123,385 253,042 123,385
Income attributable to the depositors (116,189) (88,404) (116,189) (88,404)
Income attributable to the reporting institution 136,853 34,981 136,853 34,981
Islamic Banking Funds 15,780 11,814 15,780 11,814
Total net income 152,633 46,795 152,633 46,795
Other operating expenses (5,613) (4,616) (5,613) (4,616)
Profit before zakat and tax expense 147,020 42,179 147,020 42,179
Zakat (38,446) (11,700) (38,446) (11,700)
Tax expense
Net profit for the financial period 108,574 30,479 108,574 30,479
A28c. Financing, Advances and Other Loans
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Overdrafts 1,234,383 1,260,198 1,234,383 1,260,198

Term financing 18,365,000 18,346,671 18,365,000 18,346,671
Trust receipts 3,481,342 3,159,755 3,481,342 3,159,755
Hire purchase receivables 200,966 208,811 200,966 208,811
Other financing 3,065,808 3,318,393 3,065,808 3,318,393
26,347,499 26,293,828 26,347,499 26,293,828
Unearned income (9,334,043) (9,353,925) (9,334,043) (9,353,925)
Gross financing, advances and other loans 17,013,456 16,939,903 17,013,456 16,939,903
Allowance for bad and doubtful debts and
financing:
- specific (301,923) (277,770) (301,923) (277,770)
- general (613,544) (609,375) (613,544) (609,375)
Net financing, advances and other loans 16,097,989 16,052,758 16,097,989 16,052,758
(3813-K)
A28d. (i) Movements in non-performing financing, advances and other loans ("NPL") are as follows:
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
At 1 January 1,291,218 856,279 1,291,218 856,279

Non-performing during the period/year 225,271 907,066 225,271 907,066
Transfer from the finance subsidiary - 227,924 - 227,924
Reclassified as performing (179,719) (496,966) (179,719) (496,966)
Recoveries (19,024) (171,623) (19,024) (171,623)
Amount written off (14,603) (34,236) (14,603) (34,236)
Expenses debited to customers' accounts 1,043 2,774 1,043 2,774
Closing balance 1,304,186 1,291,218 1,304,186 1,291,218
Specific allowance (301,923) (277,770) (301,923) (277,770)
Net non-perfoming financing, advances
and other loans 1,002,263 1,013,448 1,002,263 1,013,448
Net NPL as % of gross financing, advances
and other loans less specific allowance 5.75% 5.82% 5.75% 5.82%
(ii)Movements in the allowance for bad and doubtful debts and financing accounts are as follows:
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
General allowance
At 1 January 609,375 395,910 609,375 395,910
Allowance made during the period/year 4,169 213,465 4,169 213,465
Closing balance 613,544 609,375 613,544 609,375
As % gross loans, financing and other loans
less specific allowance 3.52% 3.50% 3.52% 3.50%
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Specific allowance
At 1 January 277,770 121,607 277,770 121,607
Allowance made during the period/year 63,849 129,592 63,849 129,592
Transfer from the finance subsidiary - 110,547 - 110,547
Amount written back (25,093) (54,497) (25,093) (54,497)
Amount written off (14,603) (34,238) (14,603) (34,238)
Transfer from/(to) specific allowance for
restructured/rescheduled loans and financing - 4,759 - 4,759
Closing balance 301,923 277,770 301,923 277,770
(3813-K)
A28e. Deposit from Customers

(i) By type of deposit
Group Bank
2005 2005 2005 2005
RM'000 RM'000 RM'000 RM'000
Mudharabah Fund
Demand deposits - 245 - -
General investment deposits 4,814,525 5,047,202 4,592,595 4,756,159
Special investment deposits 690,034 525,114 670,029 525,114
5,504,559 5,572,561 5,262,624 5,281,273
Non-Mudharabah Fund
Demand deposits 3,667,972 3,670,085 3,667,725 3,670,085
Savings deposits 2,340,755 2,264,203 2,340,755 2,264,203
Negotiable instruments of deposits 2,801,356 3,829,142 2,801,356 3,829,142
8,810,083 9,763,430 8,809,836 9,763,430
Deposit from Customers 14,314,642 15,335,991 14,072,460 15,044,703

(3813-K)
A29. Change in Accounting Policies and Transitional Adjustments
(a) Change in Accounting Policies
During the 1st quarter ended 30 September 2005, the Group and the Bank have adopted the revised
BNM/GP8, which resulted in the following new accounting policies:
1) The holding of the securities portfolio of the Group and the Bank are segregated based on the following
categories and valuation methods:
i) Securities held-for-trading
Securities are classified as held-for-trading if they are acquired principally for the purpose of
benefiting from actual or expected short-term price movement or to lock in arbitrage profits. The
securities held-for-trading will be stated at fair value and any gain or loss arising from a change in
their values and derecognition of these securities are recognized in the income statements.
ii) Securities held-to-maturity
Held-to-maturity securities are financial assets with fixed or determinable payments and fixed
maturity that the Group and Bank have the positive intent and ability to hold to maturity. The held-
to-maturity securities are measured at accreted/amortised cost based on effective yield method.
Amortisation of premium, accretion of discount and impairment as well as gain or loss arising from
derecognition of securities held-to-maturity are recognised in the income statement.
iii) Securities available-for-sale
Available-for-sale securities are financial assets that are not classified as held-for-trading or held-to-
maturity. The available-for-sale securities are measured at fair value, or at cost (less impairment
losses, if applicable) if the fair value cannot be reliably measured. The return and cost of the
securities available-for-sale are credited and charged to the income statement using
accreted/amortised cost based on the effective yield method. Any gain or loss arising from a change
in fair value after applying the accreted/amortised cost method are recognised directly in equity
through the statement of changes in equity, until the financial asset is sold, collected, disposed of or
impaired, at which time the cumulative gain or loss previously recognized in equity will be
transferred to the income statements.
2) Derivative financial instruments are measured at fair value and are carried as assets when the fair value is
positive and as liabilities when the fair value is negative. Any gain or loss arising from a change in the
fair value of the derivatives is recognised in the income statements unless they are part of a hedging
relationship that qualifies for hedge accounting where the gain or loss is recognised as follows:
Fair value hedge

Where a derivative financial instrument hedges the changes in fair value of a recognized asset or liability,
any gain or loss on the hedging instrument is recognized in the income statement. The hedged item is
also stated at fair value in respect of the risk being hedged, with any gain or loss being recognised in the
income statement.
Cash flow hedge

Gains and losses on the hedging instrument, to the extent that the hedge is effective, are deferred in the
separate component of equity. The ineffective part of any gain or loss is recognized in the income
statement. The deferred gains and losses are the released to the income statement in the periods when the
hedged item affects the income statement.
(3813-K)
A29. Change in Accounting Policies and Transitional Adjustments (continued)
3) Where a loan becomes non-performing, interest accrued and recognised as income prior to the date the loans are
classified as non-performing shall be reserved out of income and set-off against the accrued interest receivables
account in the balance sheet. Thereafter, the interest accrued on the non-performing loans shall be recognised as
income on a cash basis instead of being accrued and suspended at the same time as prescribed previously.
(b) Transitional Adjustments
The effects of the transitional adjustments to opening retained profits and unrealised holding reserves of the Group
and Bank as described in Note A1 above are as follows:
Group Bank
30 September 30 September
2005 2005
RM'000 RM'000
Effects on retained profits:

At 30 June, as previously stated 7,149,183 5,996,652
Effects of adopting the fair value accounting

for derivatives (231,592) (231,592)
Effects of impairment to securities available-for-sale, previously
net against unrealised gains not recognised (133,436) (57,403)
Effects of deferred tax 104,423 80,063
(260,605) (208,932)
At 30 June, as restated 6,888,578 5,787,720
Group Bank
30 September 30 September
2005 2005
RM'000 RM'000
Effects on unrealised holding reserves

At 30 June, as previously stated - -
Effects of adopting the fair value accounting for

accounting for securities available-for-sale 482,181 469,749
Effects of deferred tax (135,011) (131,530)
347,170 338,219
At 30 June, as restated 347,170 338,219
(c) Comparative Figures
The following comparative figures have been reclassified to conform with the revised BNM/GP8 format:
Group Bank
As previously As previously
As restated reported As restated reported
RM'000 RM'000 RM'000 RM'000
Balance sheet as at 30 June 2005
Dealing securities - 629,110 - 230,617

Investment securities - 27,631,906 - 21,897,560
Securities 28,261,016 - 22,128,177 -
(3813-K)
Part B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities
Berhad
B1. Performance Review
For the quarter ended 30th September 2005, the Group registered an increase of RM117.9 or 21.2% in profit after tax
and minority interest over that of the corresponding period. The better performance was attributed to the increase in
revenue generated, in particular that contributed by non interest income, whilst increase in allowance for loan loss
was marginal.
B2. Variation of Results Against Preceding Quarter
The Group registered a profit after tax and minority interest of RM672.9 million for the quarter just ended compared
to RM567.3 million for the preceding quarter, an increase of RM105.6 or 18.6%. The better performance was
attributed largely to the increase in non interest income and to a lesser extent, increased recoveries from loans that
have been written off in prior periods.
B3. Prospects
Following the various strategic initiatives and in view of the continuing expansion of the Malaysian economy the
Group is confident of improving its performance in the current financial year.
B4. Profit Forecast or Profit Guarantee
Neither the Group nor the Bank made any profit forecast or issued any profit guarantee.
(3813-K)
B5. Tax Expense and Zakat
The analysis of the tax expense for the 1st quarter ended 30 September 2005 are as follows:

2005 2004 2005 2004
Group RM'000 RM'000 RM'000 RM'000
Malaysian income tax 244,285 228,779 244,285 228,779

Overseas income tax 4,493 3,779 4,493 3,779
248,778 232,558 248,778 232,558
Share of tax expense in associated
companies - 127 - 127
248,778 232,685 248,778 232,685
Deferred tax expense
- Origination and reversal of
temporary differences, as restated 18,640 (8,127) 18,640 (8,127)
Tax expense 267,418 224,558 267,418 224,558

2005 2004 2005 2004
Bank RM'000 RM'000 RM'000 RM'000
Malaysian income tax 220,598 389,067 220,598 389,067

Overseas income tax 2,818 1,883 2,818 1,883
223,416 390,950 223,416 390,950
Deferred tax expense
- Origination and reversal of
temporary differences, as restated 19,159 (162,140) 19,159 (162,140)
Tax expense 242,575 228,810 242,575 228,810
The Bank's effective tax rate approximates the statutory tax rate.
(3813-K)
B6. Sale of Unquoted Investments and Properties
The profits from the sale of unquoted investments of the Group and Bank amounted to RM1.45 million and RM1.31
million respectively. There were no sales of properties during the period.
B7. Quoted Securities
Financial institutions are exempted from the disclosure requirements relating to quoted securities.
B8. Status of Corporate Proposals Announced but Not Completed
(a) Tie-up With BinaFikir Sdn Bhd.
Negotiations for the tie-up with BinaFikir Sdn Bhd are still ongoing.
(b) Proposed Acquisition of Equity Interest in MNI Holdings Berhad
Mayban Fortis Holdings Berhad has entered into an agreement dated 29th August 2005 with Permodalan
Nasional Berhad and Amanah Raya Nominees (Tempatan) Sdn Bhd (collectively known as the “Vendors”) to
purchase 210,060,496 ordinary shares of RM 1.00 each, representing approximately 73.62% of the share
capital of MNI Holdings Berhad from the Vendors for a consideration of RM 844,443,193.92.
At an Extraordinary General Meeting of Maybank held on 14 November 2005, the shareholders approved the
resolutions for the acquisition and the Mandatory General Offer to be made in relation to the acquisition, in
accordance with the provisions of the Malaysian Code on Take-overs and Mergers, 1998 and any other
relevant laws and regulations.
B9. Deposits and Placements of Financial Institutions and Debt Securities
Please refer to note A13 and A14.
B10. Off-Balance Sheet Financial Instruments
Please refer to note A25.
B11. Changes in Material Litigation
The Group and the Bank do not have any material litigation that would materially and adversely affect the financial
position of the Group and the Bank.
(3813-K)
B12. Interim Dividend
Recognising that the current composition of eligible capital is skewed more towards equity, and in line with the
Group’s initiative to rebalance and optimise its capital composition for more efficient capital management, the
Directors have declared an interim dividend of 50.0 sen per share less 28% tax for the 1st quarter ended 30
September 2005 (30 September 2004: nil).
Taking into consideration the payment of the proposed interim dividend, payment of the final dividend for the
financial year ended 30 June 2005 of 60.0 sen per share less 28% tax, the proceeds arising from the RM1.0 billion
Islamic Subordinated Debt issue, the additional equity from the exercise of ESOS and the proposed acquisition of
MNI Holdings Berhad, the proforma capital adequacy ratio of the Bank would be 11.61%, vis-a-vis the regulatory
requirement of 8.0%.
The interim dividend will be paid on 16 January 2006 to shareholders registered in the books of Maybank on 28
December 2005.
The Share Transfer Books and the Register of Members of the Company will be closed from 29 December 2005 to
30 December 2005 (both dates inclusive). Duly completed transfers received by the Share Registration, Corporate
Services of Maybank, 14th Floor Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur by 5.00 p.m. on 28
December 2005 will be registered before entitlements to the dividend are determined.
A depositor shall qualify for entitlement to the dividend only in respect of: -
a) Shares transferred to the Depositors’ Securities accounts in respect of ordinary transfers before 4.00 p.m. on
28 December 2005;
b) Shares deposited into the Depositors’ Securities accounts before 12.30 p.m. on 23 December 2005 (in respect
of shares exempted from mandatory deposit);
c) Shares bought on the Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of
Bursa Malaysia Securities Berhad.
(3818-K)
B13. Earning Per Share (EPS)
Basic
The basic EPS of the Group is calculated by dividing the net profit for the quarter and the financial year by the weighted-average
number of ordinary shares in issue during the quarter and the financial year respectively.

2005 2004 2005 2004
Net profit for the period (RM'000) 672,945 555,039 672,945 555,039
Weighted average number of ordinary

shares in issue ('000) 3,726,940 3,600,172 3,726,940 3,600,172
Basic earnings per share (sen) 18.06 15.42 18.06 15.42
Diluted
The diluted EPS of the Group is calculated by dividing the net profit for the quarter and the financial year by the weighted-average
number of ordinary shares in issue, which has been adjusted for the number of shares that could have been issued under the Maybank
Group Employee Share Option Scheme.
In the diluted EPS calculation, it was assumed that the share options were exercised into ordinary shares. A calculation is done to
determine the number of shares that could have been issued at fair value (determined as the average price of the Bank’s shares during
the quarter) based on the monetary value of the subscription rights attached to the outstanding share options. This calculation serves to
determine the number of dilutive shares to be added to the weighted-average ordinary shares in issue for the purpose of computing the
dilution. No adjustment was made to the net profit for the quarter.

2005 2004 2005 2004
Net profit for the period (RM'000) 672,945 555,039 672,945 555,039
Weighted average number of ordinary

shares in issue ('000) 3,726,940 3,600,172 3,726,940 3,600,172
Effects of share option 23,202 30,833 23,202 30,833
Adjusted weighted average
number of ordinary shares in
issue or issuable 3,750,142 3,631,005 3,750,142 3,631,005
Diluted earnings per share (sen) 17.94 15.29 17.94 15.29

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MALAYAN BANKING BERHAD

CONDENSED INTERIM FINANCIAL STATEMENTS

1st Quarter Ended Cumulative 3 Months Ended

Interest income A16 2,059,912 1,872,351 2,059,912 1,872,351

1,301,630 1,198,763 1,301,630 1,198,763

Allowance for losses on loans,

Earnings per share B13

CONDENSED INTERIM FINANCIAL STATEMENTS

1st Quarter Ended Cumulative 3 Months Ended

Interest income A16 1,888,539 1,415,020 1,888,539 1,415,020

Income from Islamic Banking

Allowance for losses on loans,

Profit before taxation 858,278 778,844 858,278 778,844

Taxation & Zakat (242,574) (228,810) (242,574) (228,810)

CONDENSED INTERIM FINANCIAL STATEMENTS

Cash and short-term funds 24,787,696 22,596,444 19,247,850 18,479,404

TOTAL ASSETS 196,747,198 191,895,260 179,841,638 175,434,713

Deposits from customers A13 132,137,203 131,068,045 119,069,667 118,275,713

TOTAL LIABILITIES 179,136,207 175,041,507 163,864,805 160,255,434

CONDENSED INTERIM FINANCIAL STATEMENTS

Share capital 3,732,396 3,721,053 3,732,396 3,721,053

MINORITY INTEREST 383,460 452,444 - -

COMMITMENTS AND CONTINGENCIES A25 112,404,735 109,451,821 110,892,884 107,615,751

CAPITAL ADEQUACY A27

Without deducting dividends *

Core capital ratio:

Risk-weighted capital ratio:

After deducting dividends

Core capital ratio:

Risk-weighted capital ratio:

Net tangible assets per share RM4.62 RM4.41 RM4.28 RM4.08

CONDENSED INTERIM FINANCIAL STATEMENTS

<=============== Non Distributable ==============>

Currency translation differences - - - - - 18,912 - 18,912

At 1 July 2004 3,600,172 500,566 4,274,198 15,250 - 38,188 6,195,062 14,623,436

Currency translation differences - - - - - 14,578 - 14,578

At 30 September 2004 3,600,172 500,566 4,274,198 15,250 - 52,766 6,757,078 15,200,030

CONDENSED INTERIM FINANCIAL STATEMENTS

<=============== Non Distributable ==============>

Currency translation differences (9,545) (9,545)

At 30 September 2005 3,732,396 1,595,201 3,871,038 - 294,900 79,874 6,403,424 15,976,833

At 1 July 2004 3,600,172 500,566 3,636,325 - - 79,936 4,282,034 12,099,033

At 30 September 2004 3,600,172 500,566 3,636,325 - - 94,570 4,832,068 12,663,701

CONDENSED INTERIM FINANCIAL STATEMENTS

Profit before taxation 946,878 793,201 858,278 778,843

Adjustments for non-operating and non-

Changes in working capital

Cash and cash equivalents at beginning of

Cash and cash equivalents comprise :

A1. Basis of Preparation

A2. Auditors’ Report on Preceding Annual Financial Statements

A3. Seasonal or Cyclical Factors

A4. Unusual Items Due to Their Nature, Size or Incidence

A5. Changes in Estimates

A6. Changes in Debt and Equity Securities

Number of shares issued: Option price per share

A7. Dividends Paid

A8. Securities Held-for-trading/Dealing Securities

At Fair Value/Carrying Value

Money Market Instruments:-

Malaysian Government Securities 142,967 - 95,959 -

Total Money Market Instruments 658,293 292,241 396,991 153,749