These are the key audit areas in the 2022 Auditor General's Report.
Felda:
Net loss - RM1.005 billion
Cash and Cash Equivalents - RM808 million
Dependency on Government Grants:
Received RM214 million in grants in 2022 and RM342 million in 2021
Loan Repayment Commitments:
RM7.973 billion in loans from financial institutions
RM686 million in loans from the federal government
RM50 million of annual repayment to Tawarruq Financing Facility for five years starting 2024
RM2.595 billion balance of annual repayment to Tawarruq Financing Facility for 15 years starting 2029
PR1MA:
Net loss - RM257 million
Liability - RM5.746 billion
Cash and Cash Equivalents - RM428 million
Sukuk loan repayment:
RM3.792 billion balance of Sukuk loan to be repaid by 2027
RM1.750 repayment of Sukuk Tranche 2 in October 2024
LTAT:
Did not provide RM812 billion of impairment for investments.
Reserves recorded a negative balance in 2022 at RM338 million.
RM189 million of non-cash profit is used as the basis for dividend payment
Financial Statement Analysis:
Current surplus - RM54.677 billion for 80 agencies
Current deficit - RM4.570 billion for 50 agencies
Aset and liability position for 130 agencies:
Asset - RM2.492 trillion
Liability - RM903.613 billion
Federal government grants:
86 Federal Agencies received operational and development grants amounting to RM27.034 billion
83 Federal Agencies have accumulated unmortised development grants amounting to RM25.535 billion.
5 agencies that received the highest operational and development grants:
Mara - RM3.755 billion
UiTM - RM2.757 billion
Perkeso - RM1.944 billion
PTPTN - RM1.867 billion
USM - RM1.094 billion
Loans:
24 agencies - RM123.137 billion
Loan balance with the federal government:
4 agencies - RM5.338 billion
LPK - RM3.456 billion
Malaysian Highway Authority - RM767 million
Felda - RM686 million
Railway Assets Corporation - RM420 million
Investments in subsidiary companies:
234 subsidiary companies under 53 federal agencies with a total investment of RM56.128 billion
Audit status:
144 Financial Statements of federal agencies
140 out of 144 Federal Agencies have submitted their Financial Statements
130 financial statements verified
- 116 unmodified opinion
- 14 modified opinion
- 10 in the audit process
4 government agencies have yet to submit financial statements:
-Labuan Financial Services Authority (Labuan FSA)
-Workers Welfare Fund of the Labuan FSA
- Penang Port Commission
- Penang Port Commission-Teluk Ewa.