KUALA LUMPUR: Only 66 out of the 212 subsidiary companies of federal agencies paid the government dividends in 2022, according to the Auditor-General's Report on Federal Agencies 2022.
The dividends paid amounted to RM1.91bil.
A total of 130 financial statements of federal agencies were audited, with aspects such as current account balances, assets and liabilities, grants received from federal agencies, liabilities and investments looked into.
“Ten federal agencies reported the highest loan balances amounting to RM122.388bil.
"Four of the 10 had a balance of RM5.338bil in loan repayments from the Federal Government. However, three out of the four agencies had restructured their loan repayments,” it said.
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The total investments from 53 federal agencies with 234 subsidiaries amounted to RM56.128bil.
Of this number, 212 subsidiaries were active while 22 were dormant.
“Besides that, 121 subsidiaries reported profits while 91 reported losses,” it said.
“Only 66 out of the 212 active subsidiaries had paid dividends to federal agencies amounting to RM1.91bil in 2022,” it added.
Meanwhile, it said, a total of 80 agencies reported a current account surplus totalling RM54.677bil and 50 federal agencies reported a deficit amounting to RM4.57bil.
A total of 126 agencies reported higher assets over liabilities while four reported higher liabilities.
The report was tabled in the Dewan Rakyat on Wednesday (March 6).
