KUALA LUMPUR, March 22 — The liabilities for 123 federal agencies increased RM27.5 billion, or 7.8 per cent, to RM379.46 billion in 2020 compared to RM351.96 billion in 2019, due to an increase in loan balances.
The report stated that loan balances for 21 federal agencies increased 10.5 per cent, or RM10.81 billion, to RM113.6 billion in 2020. Assets registered a 7.2 per cent increase, or RM118.14 billion, to RM1.76 trillion from RM1.64 trillion in 2019. LKAN said the Public Sector Home Financing Board , National Higher Education Fund Corporation , Federal Land Development Authority , PR1MA Corporation Malaysia, and Port Klang Authority had been given certificates with opinion without rebuke after recording the highest loan balances of RM107.93 billion in 2020 compared to RM97.21 billion in 2019.
It noted that 59 subsidiary companies under 20 federal agencies incurred losses after tax of RM392.67 million in 2020, compared to RM75.99 million in the previous year.