Page 24 - KWAP_AR2022

22 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER PEoPLE

PERFORMANCE

HIGHLIGHTS

FINANCIAL PERFORMANCE 1 2018 2019 2020 2021 2022
FUND SIZE (RM billion) 136.51 147.48 153.82 159.03 158.10
GROSS FUND SIZE (RM billion) 141.01 151.98 163.32 173.53 175.60
INCOME AND EXPENSES
Gross Investment Income (RM billion) 7.06 6.07 6.81 6.33 7.01
Operating Expenses (RM million) 292.33 302.96 277.13 329.59 336.15
Net Income (RM billion) 1.24 6.67 8.87 9.99 0.26
INCOME AND EXPENSES
Accounting Rate of Return (ARR) (%) 0.80 4.67 5.88 6.39 0.17
Operating Expenditure to Gross Income (%) 4.14 4.99 4.07 5.21 4.80
Operating Expenditure to Average Fund (%) 0.21 0.21 0.18 0.21 0.21
INVESTMENT RETURNS
Annualised Time-Weighted Rate of Return (%) -1.39 6.25 6.74 5.94 1.12
Annualised Time-Weighted Rate of Return, over
a 10-Year Rolling Period (%) 6.64 6.26 6.05 5.99 5.26
CONTRIBUTION
Pension Contribution (RM billion) 2.87 2.63 2.46 2.45 2.13
Federal Contribution (RM billion) 0.50 0.50 0.50 0.50 0.50
MANAGEMENT OF FUND
Internally-Managed (%) 87.00 87.50 88.27 89.39 89.79
Externally-Managed (%) 13.00 12.50 11.73 10.61 10.21
Number of Contributing Employers 485 478 486 485 487
Number of Members 200,299 187,684 178,797 178,385 176,913
Number of KWAP Employees 590 596 620 617 684
Income Per Employee (RM million) 11.96 10.18 10.98 10.26 10.25

RM0.34
RM7.01 RM0.26
Gross billion Operating billion billion
Net
Investment (2021: RM6.33 Expenditure (2021: RM0.33 Income (2021: RM9.99
Income billion) billion) billion)

Accounting
Rate of Return 0.17%
RM160.61 RM158.10
billion billion
Total (2021: RM159.20 Fund (2021: RM159.03
Assets billion) Size billion) OPEX / Average
Fund Size 0.21%

1 Notes: Figures are based on KWAP level performance. The Gross Fund Size is the Fund Size plus the Cumulative Federal Government
Withdrawal of RM17.50 billion as at 31 December 2022 (31 December 2021: RM14.50 billion).