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ENRICHING tHE FUtURE ENRICHING NAtIoNAL PRoGRESS ENRICHING StAKEHoLDER VALUE ENRICHING SUStAINABLE IMPACt

FINANCIAL CAPItAL

5-YEAR PERFORMANCE HIGHLIGHtS

FINANCIAL PERFORMANCE 1 2019 2020 2021 2022 2023
FuND SIZE (RM billion) 147.48 153.82 159.03 158.10 169.82
INCOME AND EXPENSES
gross Investment Income (RM billion) 6.07 6.81 6.33 7.01 6.75
Operating Expenses (RM million) 302.96 277.13 329.59 336.15 364.03
Net Income (RM billion) 6.67 8.87 9.99 0.26 9.65
Total Comprehensive Income (RM billion) 7.84 8.40 7.28 (0.57) 12.03
FINANCIAL RAtIOS
Accounting Rate of Return (ARR) (%) 4.67 5.88 6.39 0.17 5.88
Operating Expenses to Gross Income (%) 4.99 4.07 5.21 4.80 5.39
Operating Expenses to Average Fund Size (%) 0.21 0.18 0.21 0.21 0.22
INVEStMENt REtuRNS
Annualised Time-Weighted Rate of Return (%) 6.25 6.74 5.94 1.12 8.22
Annualised Time-Weighted Rate of Return, over a 10-Year
Rolling Period (%) 6.26 6.05 5.99 5.26 5.13

CONtRIButION AND WItHDRAWAL
Pension Contribution (RM billion) 2.63 2.46 2.45 2.13 2.19
Federal Contribution (RM billion) 0.50 0.50 0.50 0.50 0.50
Withdrawal by the Federal government (RM billion) - 5.00 5.00 3.00 3.00
MANAGEMENt OF FuND
Internally-Managed (%) 87.50 88.27 89.39 89.79 89.55
Externally-Managed (%) 12.50 11.73 10.61 10.21 10.45
Number of Contributing Employers 478 486 485 487 489
Number of Employees of the Contributing Employers 187,684 178,797 178,385 176,913 177,716
Number of KWAP Employees 596 620 617 684 723
gross Income Per Employee (RM million) 10.18 10.98 10.26 10.25 9.34

Accounting
Rate of Return
5.88%
Net Operating total Fund Accumulated
Income Expenses Assets Size Withdrawal
Operating
RM9.65 RM0.36 RM170.23 RM169.82 RM20.50 Expenses/
Average Fund
billion billion billion billion billion Size
(2022: RM0.26 (2022: RM0.34 (2022: RM160.61 (2022: RM158.10 (2022: RM17.50
billion) billion) billion) billion) billion) 0.22%

1 Figures are based on KWAP-level performance.

44 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023