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94 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

INDEPENDENT AUDITORS’ REPORT

to the members of Export-Import Bank of Malaysia Berhad
(Incorporated in Malaysia)

rePOrt On the aUDit Of the financial statements

Opinion
We have audited the financial statements of Export-Import Bank of Malaysia Berhad, which comprise the statements of financial
position as at 31 December 2021 of the Group and the Bank, and statements of profit and loss, statements of comprehensive income,
statements of changes in equity and statements of cash flows of the Group and the Bank for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies, as set out on pages 100 to 237.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Group and the Bank
as at 31 December 2021, and of their financial performance and their cash flows for the year then ended in accordance with
Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act
2016 in Malaysia.
Basis for opinion

We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing.
Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial
statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Independence and other ethical responsibilities
We are independent of the Group and the Bank in accordance with the By-Laws (on Professional Ethics, Conduct and Practice) of
the Malaysian Institute of Accountants (“By-Laws”) and the International Code of Ethics for Professional Accountants (including
International Independence Standards) (“IESBA Code”), and we have fulfilled our other ethical responsibilities in accordance with
the By-Laws and the IESBA Code.
Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial
statements of the Group and of the Bank for the current financial year. These matters were addressed in the context of our audit of
the financial statements of the Group and of the Bank as a whole, and in forming our opinion thereon, and we do not provide a separate
opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the Auditors’ responsibilities for the audit of the financial statements section of our
report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to respond
to our assessment of the risks of material misstatement of the financial statements of the Group and of the Bank. The results of our
audit procedures, including the procedures performed to address the matters below, provide the basis for our audit opinion on the
accompanying financial statements.