263 How We Are Governed Financial Statements Shareholders’ Information Additional Information 47. CAPITAL MANAGEMENT AND CAPITAL ADEQUACY (CONT’D.) Capital adequacy (cont’d.) (i) Components of Tier 1 and Tier 2 capital (cont’d.): Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 CET 1 capital/Tier 1 capital Paid-up share capital 253,834 246,249 253,834 246,249 Retained profits 673,097 617,832 624,353 594,296 Other reserves 136,462 146,215 176,227 193,924 Less: Goodwill (241,277) (240,782) (252,909) (252,909) 55% of cumulative gains on financial investments at FVOCI (3,625) (8,754) (349) (8,391) Deferred tax assets (30,605) (14,283) (15,219) (8,722) Other intangibles (89,784) (81,585) (79,077) (71,485) Regulatory reserve (18,921) (18,661) (18,921) (18,661) Treasury shares (13,064) (10,458) (13,064) (10,458) Other CET 1 regulatory adjustments specified by BNM 1,765 4,275 944 3,419 Deduction in excess of Tier 2* (119,140) (96,798) (169,047) (166,170) Total CET 1/Tier 1 capital 548,742 543,250 506,772 501,092 Tier 2 Capital Subordinated obligations capital 185,500 122,000 185,500 122,000 Collective allowance and regulatory reserve 16,986 18,657 16,321 18,702 Total Tier 2 capital 202,486 140,657 201,821 140,702 Total Capital 751,228 683,907 708,593 641,794 * The portion of regulatory adjustments not deducted from Tier 2 (as the Group and the Bank does not have enough Tier 2 to satisfy the deduction) is deducted from the next higher level of capital; as per paragraph 31.1 of the BNM’s Capital Adequacy Framework (Capital Components).
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