BALANCE SHEET - 31 DECEMBER, 1998
. | Note | 1998 RM |
1997 RM |
1996 RM |
ASSETS | ||||
Cash and short-term funds | 190,241,460 | 162,470,244 | 77,342,708 | |
Investment securities | 224,058,027 | 240,480,663 | 189,420,908 | |
Loans, advances and financing | 1,866,458,519 | 1,882,057,840 | 1,430,650,428 | |
Statutory deposits with Bank Negara Malaysia | 79,721,997 | 293,196,909 | 208,816,860 | |
Deposit with Bank Negara Malaysia | - | 9,350,000 | - | |
Subsidiaries | 30,000 | 30,000 | 30,000 | |
Fixed assets | 33,609,363 | 34,703,250 | 35,580,969 | |
Other assets | 38,030,247 | 28,264,661 | 15,266,966 | |
------------------- | ------------------- | ------------------- | ||
TOTAL ASSETS | 2,432,149,613 | 2,650,553,567 | 1,957,108,839 | |
============ | ============ | ============ | ||
LIABILITIES AND SHAREHOLDERS FUNDS | ||||
Deposits from customers | 1,956,230,826 | 2,104,601,230 | 1,590,783,910 | |
Deposits and placements of banks and other financial institutions |
26,504,625 | 178,117,045 | 27,837,623 | |
Bills and acceptances payable | 36,739,674 | 59,012,800 | 65,409,838 | |
Other liabilities | 65,980,630 | 61,518,137 | 46,448,703 | |
Deferred taxation | - | 2,230,000 | 1,977,000 | |
Taxation | - | 9,794,795 | 3,100,383 | |
Exchangeable subordinated capital loan | 140,000,000 | - | - | |
------------------- | ------------------- | ------------------- | ||
Total Liabilities | 2,225,455,755 | 2,415,274,007 | 1,735,557,457 | |
------------------- | ------------------- | ------------------- | ||
Share capital | 178,492,232 | 178,492,232 | 178,492,232 | |
Reserves | 28,201,626 | 56,787,328 | 43,059,150 | |
------------------- | ------------------- | ------------------- | ||
Shareholders funds | 206,693,858 | 235,279,560 | 221,551,382 | |
------------------- | ------------------- | ------------------- | ||
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS | 2,432,149,613 | 2,650,553,567 | 1,957,108,839 | |
============ | ============ | ============ | ||
COMMITMENTS AND CONTINGENCIES | 780,889,615 | 869,809,964 | 791,791,963 | |
============ | ============ | ============ |
Cash flows from operating activities | 1998 RM |
1997 RM |
1996 RM |
Profit before dividend and taxation and zakat | (31,982,809) | 23,638,338 | 32,247,518 |
Adjustments for: | |||
Depreciation | 5,591,486 | 5,745,055 | 5,684,694 |
Loss/(Gain) on disposal of fixed assets | 43,563 | 12,332 | ( 70,501) |
Provision for bad and doubtful debts and financing | 69,008,541 | 32,617,487 | 2,266,171 |
Net provision for interest-in-suspense/income-in-suspense | 28,715,653 | ( 11,815,293) | 2,175,751 |
Investment income | (129,500) | ( 179,120) | ( 139,120) |
Amortisation of premium less accretion of discount | (774,505) | 21,829 | 62,580 |
Amortisation of deferred assets | 971,300 | - | - |
----------------- | ----------------- | ----------------- | |
Operating profit before working capital changes | 71,443,729 | 50,040,628 | 42,227,093 |
Increase in loans and advances | (101,451,620) | ( 472,209,606) | (373,418,137) |
(Increase)/Decrease in other assets | 8,634,536 | ( 15,931,700) | 3,413,971 |
Increase in statutory deposits with Bank Negara Malaysia | 213,474,912 | ( 84,380,049) | ( 74,149,020) |
Increase in deposits with Bank Negara Malaysia | 9,350,000 | ( 9,350,000) | - |
Increase in deposits from customers | (148,370,404) | 513,817,320 | 309,736,782 |
Increase in deposits and placements of banks and other financial institutions |
(151,612,420) | 150,279,422 | 21,197,018 |
Increase in other liabilities | 4,419,316 | 15,159,314 | 6,246,673 |
Decrease in deposits and placements with financial institutions |
- | - | 10,000,000 |
(Decrease)/Increase in bills and acceptances payable | (22,273,126) | ( 6,397,038) | 15,580,681 |
----------------- | ----------------- | ----------------- | |
Cash generated from/(used in) operations | (116,385,077) | 141,028,291 | (39,164,939) |
Income taxes paid | (8,592,926) | - | ( 7,685) |
----------------- | ----------------- | ----------------- | |
Net cash generated from/(used in) operating activities | (124,978,003) | 141,028,291 | (39,172,624) |
----------------- | ----------------- | ----------------- | |
Cash flows from investing activities | |||
Purchase of fixed assets | (4,713,119) | ( 4,986,247) | ( 8,977,424) |
Proceeds from disposal of fixed assets | 171,957 | 14,692 | 115,941 |
Increase of investment securities | 17,197,141 | ( 51,247,584) | ( 25,431,971) |
Dividends received from investments | 93,240 | 62,384 | 139,120 |
Purchase of investment in subsidiaries | - | - | ( 20,000) |
Proceeds from disposal of unquoted shares | - | 256,000 | - |
----------------- | ----------------- | ----------------- | |
Net cash used in investing activities | 12,749,219 | ( 55,900,755) | (34,174,334) |
----------------- | ----------------- | ----------------- | |
Cash flows from financing activities | |||
Proceeds from issuance of shares | - | 59,497,411 | |
Proceeds from exchangeable subordinated capital loan | 140,000,000 | - | |
----------------- | ----------------- | ----------------- | |
Net increase/(decrease) in cash and cash equivalents | 27,771,216 | 85,127,536 | (13,849,547) |
Cash and cash equivalents at beginning of year | 162,470,244 | 77,342,708 | 91,192,255 |
----------------- | ----------------- | ----------------- | |
Cash and cash equivalents at end of year | 190,241,460 | 162,470,244 | 77,342,708 |
=========== | =========== | =========== | |
Cash and cash equivalents comprise: | |||
Cash and short-term funds | 190,241,460 | 162,470,244 | 77,342,708 |
=========== | =========== | =========== |
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