86 subsidiaries of govt agencies recorded losses of RM2.8bil in 2023_new

Free Malaysia Today

Three federal agencies have yet to submit their financial statements for 2023 to the audit department.  Read More:  https://www.freemalaysiatoday.com/category/nation/2025/02/24/86-subsidiaries-of-govt-agencies-recorded-losses-of-rm2-8bil-in-2023/   Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/02/24/lkan-2023-82-syarikat-subsidiari-rugi-rm2-8-bilion/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #FederalAgencies #AuditReport

Transcript

00:0086 government agencies recorded cumulative losses of 2.8 billion ringgit in 2023, says

00:07Auditor General Wan Suraya Wan Radzi.

00:11She said the audit report on the 2023 financial statements of federal agencies found that

00:1659 agencies had 217 subsidiary companies with investments totaling 65.1 billion ringgit.

00:24Wan Suraya said 131 of these subsidiaries recorded profits in 2023 but 86 saw 2.81 billion

00:32ringgit in losses, Vernama reported.

00:35She said only 81 subsidiary companies paid dividends totaling 2.829 billion ringgit to

00:4132 agencies, including 14 companies that paid 1.432 billion ringgit despite recording losses.

00:49The AG also said 142 federal agencies held 2.696 trillion ringgit in assets and 871 billion

00:57ringgit in liabilities in 2023, although five agencies had liabilities exceeding their assets.

01:05She said 20 agencies had loans amounting to 126.56 billion ringgit from the federal government

01:11and financial institutions, including five with government-guaranteed loans worth 99.058

01:18billion ringgit.

01:19Four agencies took new loans amounting to 7.309 billion ringgit in 2023.

01:26Wan Suraya said that three agencies had yet to submit their financial statements for 2023

01:31to the department, the Labuan Financial Services Authority, Labuan FSA Staff Welfare Fund and

01:37South Kelantan Development Authority.

01:39Hanyu Jo, FMT News.

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