Prospectus - Manulife Insurance Berhad

chapter6 MANAGEMENT COMPANYpage426.8 Manager’s Delegates (cont’d)Manulife Insurance Berhad (MIB) (cont’d)The following is a summary of the past performance of MIB based on audited financial statementsfor the last 3 years:Year Ended 31 December2011 2010 2009(RM’000) (RM’000) (RM’000)Shareholders’ Funds 335,217 272,954 208,969Turnover 628,132 602,280 574,759Profit before Tax 75,708 74,470 70,568Profit after Tax 62,321 59,500 52,094Paid-up Share Capital 150,000 150,000 150,000Manulife Technology & Services Sdn Bhd (MTS)MTS is responsible for providing information technology services.MTS commenced operations in year 2004 and is a global IT shared service centre for the Manulifegroup of companies in Asia and North America.As at 31 October 2012, MTS has a paid-up capital of RM2.3 million and shareholders’ funds ofRM16.94 million.Year Ended 31 December2011 2010 2009(RM’000) (RM’000) (RM’000)Shareholders’ Funds 14,114 12,020 11,243Turnover 20,687 17,960 11,329Profit before Tax 2,036 694 (572)Profit after Tax 2,094 778 (615)Paid-up Share Capital 2,300 2,300 2,300Manulife Data Services Inc. (MDSI)MDSI is responsible for providing investment back-office services to the Manager.The function of the back-office that MDSI provides includes; reconciliation, transactionprocessing, data management, security pricing and NAV verification.MDSI was established in 2006 by Manulife Financial Corporation as a shared services provideroperating in Manila providing accounting, back-office and technical services to Manulife Financialsubsidiaries worldwide.The financial position of MDSI for the last three years:Year Ended 31 December2011 2010 2009(RM) (RM) (RM)Issued Capital 754,944 729,884 774,784Shareholders’ Funds 13,313,856 13,803,169 13,252,095Turnover (Revenue) 97,551,570 82,273,570 63,047,855Profit before Tax (1,070,791) 1,465,173 8,096,413Prospectus in respect of the Manulife Shariah - Dana Ekuiti