PETALING JAYA: A total of 86 federal subsidiary companies recorded losses amounting to RM2.81bil in 2023, according to the latest audit.
Meanwhile, 131 out of 217 audited companies under 59 agencies reported a total profit of RM4.087bil.
The Auditor-General’s report series 1/2025 revealed that 21 subsidiary companies under five government agencies, including Lembaga Tabung Haji and the Employees Provident Fund, reported losses for three consecutive years.
In 2023, 81 out of 217 subsidiary companies paid dividends amounting to RM2.829bil to 32 federal agencies.
Of these, 14 subsidiary companies paid dividends to ten federal agencies despite reporting losses.
In 2023, the assets of 142 government agencies stood at RM2.696tril, an increase of RM1.84bil from 2022, while liabilities fell by 1.6%.
The audit showed that 137 federal agencies had higher assets than liabilities.
Five agencies reported higher liabilities than assets.
Among the audited agencies, Perbadanan PR1MA Malaysia (PR1MA) reported a net liability of RM342.46mil due to sukuk funds payable until 2027.
SWCorp's net liabilities amounted to RM140.15mil due to creditors and accrued expenses exceeding its assets.
In 2023, 98 federal agencies received government grants totalling RM33.628bil.
The five agencies receiving the highest grants were Majlis Amanah Rakyat (MARA), Universiti Teknologi MARA (UiTM), PTPTN, Lembaga Pertubuhan Peladang (LPP), and Lembaga Kemajuan Tanah Persekutuan (FELDA).
