Annual Report Laporan Tahunan - Baiduri Bank
Annual Report Laporan Tahunan - Baiduri Bank Annual Report Laporan Tahunan - Baiduri Bank
Financial Statements For the year ended 31 st December 2008 Baiduri Bank Annual Report 2008
Report of the Directors The directors have pleasure in presenting their annual report and audited financial statements of the Company and of the Group for the financial year ended December 31, 2008. PRINCIPAL ACTIVITIES The principal activities of the Company and the Group are to carry on the business of banking and related financial services including dealing in investment securities, stock broking and e-financial services. There have been no significant changes in the nature of these activities during the financial year. One of the Company’s subsidiaries, Baiduri Securities Sdn Bhd, had remained dormant throughout the financial year ended December 31, 2008. Results The Group B$’000 The Company B$’000 Balance at December 31, 2007 17,626 9,790 Total profits for the financial year 25,806 27,770 Transferred from retained profits to: - Share capital (5,000) (5,000) - Statutory reserve (18,689) (13,885) Dividends paid (8,400) (8,400) Balance at December 31, 2008 11,343 10,275 RESERVES AND PROVISIONS There were no other material transfers to or from reserves and provisions during the financial year other than those disclosed in the financial statements. SHARE CAPITAL On February 25, 2008, the issued share capital was increased to B$100,000,000 by the issue of 40,000,000 ordinary shares of B$1 each. The newly issued shares rank pari passu in all respect with the existing shares of the Company. FINANCIAL STATEMENTS The state of affairs of the Company as at December 31, 2008 is set out in the balance sheet. These financial statements were approved by the Board of Directors on March 5, 2009. DIVIDENDS B$ Dividends paid in respect of the financial year ended December 31, 2007 8,400,000 At the forthcoming Annual General Meeting, a total dividend of B$8,900,000 in respect of the current financial year ended December 31, 2008 will be proposed for shareholders’ approval. Such dividend, if approved by the shareholders, will be accounted for as an appropriation of retained profits of the shareholders’ equity in the next financial year ending December 31, 2009. 22 Baiduri Bank Annual Report 2008
- Page 1 and 2: Annual Report Laporan Tahunan
- Page 4 and 5: Vision & Mission Statement VISION T
- Page 6 and 7: Chairperson’s Statement and large
- Page 8 and 9: Corporate Information MANAGEMENT CO
- Page 10 and 11: 2008 Key Financial Figures OPERATIN
- Page 12 and 13: 2008 Corporate Highlights Baiduri B
- Page 14 and 15: Business Highlights Established in
- Page 16 and 17: Operations Management The role of t
- Page 18 and 19: Corporate Social Responsibility Bai
- Page 20 and 21: Corporate Social Responsibility Pro
- Page 24 and 25: Report of the Directors Directors T
- Page 26 and 27: Balance Sheets December 31, 2008 Th
- Page 28 and 29: Statements of Changes in Equity Yea
- Page 30 and 31: Notes to Financial Statements Decem
- Page 32 and 33: Notes to Financial Statements Decem
- Page 34 and 35: Notes to Financial Statements Decem
- Page 36 and 37: Notes to Financial Statements Decem
- Page 38 and 39: Notes to Financial Statements Decem
- Page 40 and 41: Notes to Financial Statements Decem
- Page 42 and 43: Notes to Financial Statements Decem
- Page 44 and 45: Offices, Branches and ATM Network B
- Page 46: Head Office: Block A, Units 1-4, Ki
Financial Statements<br />
For the year ended 31 st December 2008<br />
<strong>Baiduri</strong> <strong>Bank</strong> <strong>Annual</strong> <strong>Report</strong> 2008
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