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STATISTICS

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BALANCE SHEET - 31 DECEMBER, 1997

. Note 1997

RM

1996

RM

ASSETS
Cash and short-term funds 3 162,470,244 77,342,708
Investment securities 4 240,480,663 189,420,908
Loans, advances and financing 5 1,882,057,840 1,430,650,428
Statutory deposits with Bank Negara Malaysia 6 293,196,909 208,816,860
Deposit with Bank Negara Malaysia 7 9,350,000 -
Subsidiaries 8 30,000 30,000
Fixed assets 9 34,703,250 35,580,969
Other assets 10 28,264,661 15,266,966
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TOTAL ASSETS 2,650,553,567 1,957,108,839
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LIABILITIES AND SHAREHOLDERS’ FUNDS
Deposits from customers 11 2,104,601,230 1,590,783,910

Deposits and placements of banks and other financial institutions

12 178,117,045 27,837,623
Bills and acceptances payable 59,012,800 65,409,838
Other liabilities 13 61,518,137 46,448,703
Deferred taxation 14 2,230,000 1,977,000
Taxation 9,794,795 3,100,383
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Total Liabilities 2,415,274,007 1,735,557,457
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Share capital 15 178,492,232 178,492,232
Reserves 16 56,787,328 43,059,150
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Shareholders’ funds 235,279,560 221,551,382
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TOTAL LIABILITIES AND SHAREHOLDERS’ FUNDS 2,650,553,567 1,957,108,839
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COMMITMENTS AND CONTINGENCIES 28 869,809,964 791,791,963
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CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER, 1997

Cash flows from operating activities 1997

RM

1996

RM

Profit before dividend and taxation and zakat 23,638,338 32,247,518
Adjustments for:
Depreciation 5,745,055 5,684,694
Loss/(Gain) on disposal of fixed assets 12,332 ( 70,501)
Provision for bad and doubtful debts and financing 32,617,487 2,266,171
Net provision for interest-in-suspense/income-in-suspense ( 11,815,293) 2,175,751
Investment income ( 179,120) ( 139,120)
Amortisation of premium less accretion of discount 21,829 62,580
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Operating profit before working capital changes 50,040,628 42,227,093
Increase in loans and advances ( 472,209,606) (373,418,137)
(Increase)/Decrease in other assets ( 15,931,700) 3,413,971
Increase in statutory deposits with Bank Negara Malaysia ( 84,380,049) ( 74,149,020)
Increase in deposits with Bank Negara Malaysia ( 9,350,000) -
Increase in deposits from customers 513,817,320 309,736,782

Increase in deposits and placements of banks and other financial institutions

150,279,422 21,197,018
Increase in other liabilities 15,159,314 6,246,673

Decrease in deposits and placements with financial institutions

- 10,000,000
(Decrease)/Increase in bills and acceptances payable ( 6,397,038) 15,580,681
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Cash generated from/(used in) operations 141,028,291 (39,164,939)
Income taxes paid - ( 7,685)
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Net cash generated from/(used in) operating activities 141,028,291 (39,172,624)
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Cash flows from investing activities
Purchase of fixed assets ( 4,986,247) ( 8,977,424)
Proceeds from disposal of fixed assets 14,692 115,941
Increase of investment securities ( 51,247,584) ( 25,431,971)
Dividends received from investments 62,384 139,120
Purchase of investment in subsidiaries - ( 20,000)
Proceeds from disposal of unquoted shares 256,000 -
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Net cash used in investing activities ( 55,900,755) (34,174,334)
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Cash flows from financing activities
Proceeds from issuance of shares - 59,497,411
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Net increase/(decrease) in cash and cash equivalents 85,127,536 (13,849,547)
Cash and cash equivalents at beginning of year 77,342,708 91,192,255
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Cash and cash equivalents at end of year 162,470,244 77,342,708
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Cash and cash equivalents comprise:
Cash and short-term funds 162,470,244 77,342,708
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