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STATISTICS

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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 - -
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Total Liabilities 2,225,455,755 2,415,274,007 1,735,557,457
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Share capital 178,492,232 178,492,232 178,492,232
Reserves 28,201,626 56,787,328 43,059,150
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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
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CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER, 1998

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 - -
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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 -
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Net cash used in investing activities 12,749,219 ( 55,900,755) (34,174,334)
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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
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Cash and cash equivalents comprise:
Cash and short-term funds 190,241,460 162,470,244 77,342,708
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